Context The Kerala state government is going to take a move in Supreme Court (SC), against the Central government’s decision to cut down the State’s borrowing limit. The State would be deprived of about? 20,000 crore due to the slashed borrowing limit and revenue deficit grant in 2023-24. Constitutional provisions: Article 293 in The Read More
Context: Recently, the nomenclature of the Nehru Memorial Museum & Library (NMML) situated in the Teen Murti Complex was changed to Prime Ministers’ Museum & Library (PMML). About Teen Murti Complex: Teen Murti House was built in 1929-30 as part of Edwin Lutyens’ imperial Read More
Context: According to the India Meteorological Department (IMD), the landfall process of Cyclone Biparjoy started near Jakhau port in Gujarat. About Landfall of Cyclone: Landfall is the event of a tropical cyclone coming onto land after being over water. As per the IMD, Read More
Context: Ministry of Defence has approved the acquisition of 31 armed MQ-9 Reaper Unmanned Aerial Vehicles (UAVs) from the US. The clearance for procuring the drones was given by a meeting of the Defence Acquisition Council (DAC). Image Source: The Hindu About Read More
Context According to recent information, the United States, Japan, and the Philippines held their first joint talks and agreed to strengthen their defense cooperation as growing tensions escalate against China and North Korea in the Indo-Pacific region. About the development: Details: For economic and Navigational security: Japan, Read More
Context According to latest information, Prime Minister of India is going for a ‘State Visit’ to the U.S. which is scheduled from June 21 to 23. The Prime Minister will also celebrate International Yoga Day at UN Headquarters during the visit. About The Ministry of Read More
Context: The Reserve Bank of India (RBI) has allowed wilful defaulters and loans accounts involved in frauds to go in for a compromise settlement with banks to settle their dues. About Compromise Settlement: It refers to a negotiated settlement where a borrower offers Read More
Context: The Centre notified that two tranches of Sovereign Gold Bonds will be launched in the first half of FY24. About Sovereign Gold Bond Scheme: It was launched by the Government in November 2015, under Gold Monetisation Scheme. Objective: To reduce the demand Read More