Context The second wave of the Covid-19 pandemic has posed numerous challenges before India on multiple fronts –health, economy and also the environment and one such impact of the Covid outbreak on our environment is the exponential increase in biomedical …
CONTEXT In order to achieve global herd immunity and prevent new strains of COVID-19 from emerging, possibly for years to come, vaccines need to be affordable and available in massive quantities throughout the globe. TO ENSURE VACCINE AFFORDABILITY AND AVAILABILITY …
Why in News? The first destroyer of the Indian Navy, INS Rajput is set to be decommissioned. About INS Rajput INS Rajput, the lead ship of the Kashin-class destroyers built by the erstwhile USSR, was commissioned in 1980. The ship …
What is it? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets– Currencies of foreign countries are held in foreign exchange …
National Electronic Fund Transfer (NEFT) NEFT is a nation-wide centralised payment system owned and operated by the Reserve Bank of India. It facilitates funds transfers from one bank account to another. One can access this service either by using Internet …
About TRIPS The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). The Agreement, which came into effect on 1 January 1995, is a …
NEWS The universalisation of social security remains an unfulfilled aspiration in the new code on social security. CONTEXT COVID-19 has destroyed lives and livelihoods, particularly, the low-paid, informal workers, who constitute 91% of the workforce. Further unpreparedness of the government …
Background According to Section 47 of the RBI Act, profit of the RBI has to be transferred to the government periodically. However, before transferring, some amount of the profit is kept aside for maintaining reserves of the RBI. What constitutes …
NEWS The Maratha reservation case shows that divesting States of the power to determine backwardness hits federalism. CONTEXT Recently the Supreme Court of India declared as unconstitutional a Maharashtra law which provided for reservation to the Maratha community in …