Context: The U.S. Federal Reserve (Fed) last week paused its rate hike cycle by deciding to hold interest rates after ten rate hikes since March 2022. What does a pause in rate hikes mean? A pause by the Fed increases Read More …
Day: June 24, 2023
Inflation
Context: A high base effect has helped ease the headline retail inflation rate to a 25-month low in May 2023. Probable Question: Q. What are some effective strategies for managing and controlling inflation in an economy? About Inflation: Inflation refers to the Read More …
India joined ‘Artemis Accords’
Context India has decided to join the ‘Artemis Accords’, and NASA and ISRO have agreed to a joint mission to the International Space Station in 2024. Both countries have also discussed few other sectors for cooperation. The Artemis Accord: Artemis Accords ensures that space exploration is Read More …
‘GE 414 Jet Engines’: India-US technology Transfer
Context During the recent visit of Indian Prime Minister to Unites States (US), both the leaders have signed agreement on defence and security, maritime domain awareness and space among other areas. Bilateral agreement signed: Jet engine tech transfer: Both the countries Read More …
AIP Modules
Context: Larsen & Toubro (L&T) and the Defence Research and Development Organisation (DRDO) signed a contract for realisation of two Air Independent Propulsion (AIP) System Modules for the Kalvari Class of submarines of the Indian Navy. About Air Independent Propulsion: Read More …
F414 Jet Engine Tech Transfers
Context: The American multinational corporation General Electric (GE) has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd (HAL) to make fighter jet engines for the Indian Air Force (IAF). The deal will allow the manufacture under licence in India Read More …
National Florence Nightingale Awards
Context: The President of India, Smt Droupadi Murmu presented the National Florence Nightingale Awards for the years 2022 and 2023 to the Nursing professionals. National Florence Nightingale Award: Instituted by: Ministry of Health and Family Welfare in the year 1973. Read More …