Context: Recently, the Parliament has passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2023 to amend the Mines and Minerals (Development and Regulation) Act, 1957. PYQ: Q. “In spite of adverse environmental impact, coal mining is still inevitable for development”. Discuss. (2017) Key Read More
Context: Banks have written off bad loans worth ₹14.56 lakh crore in the last nine financial years starting 2014-15. More on News Current Status of Loan Write-off in India: Total Loan written off: ₹14.56 lakh crore Loans Written-off by Category (Large Industries and Services): ₹7,40,968 Read More
Context: The government’s North East Venture Fund (NEVF) has invested in 37 startups since its launch in 2017 as per Minister of Development of the North East Region. North East Venture Fund (NEVF): NEVF, which is the first and the only dedicated Venture Read More
Context In 2021-2022, India surpassed Brazil to become the largest sugar producer in the world, producing 359 lakh tonnes. Being a Cash Crop, excess sugarcane production has led to chronic ground water table depletion. About Sugarcane production is on rise in India: India is the world’s largest Read More
Context The Financial Action Task Force (FATF) is going to revise its current recommendations aimed at safeguarding non-profit organisations (NPOs) from being abused for terrorist financing. The FATF Recommendations are recognized as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standards. FATF: The Financial Action Task Force (FATF) is an independent inter-governmental Read More
Context: Recently, India has mooted the concept of a partnership between like-minded countries to work together on digital public infrastructure (DPI) that can be used by everyone. UPSC Probable Question What is Digital Public Infrastructure (DPI) and how does it facilitate the flow of people, money Read More
Context: Sixteen airports constructed under the government’s Regional Connectivity Scheme (RCS) UDAN are lying unused, of the 74 airports operationalised under the scheme. About UDAN (Ude Desh ka Aam Naagrik) Scheme: UDAN is a regional airport development program of the Government of India and part of the Read More
Context: Global governance is in bad shape. The G20 is at an impasse as the U.S. wants its members to shut out Russia and China who it sees as threats to its global hegemony while India wants the G20 to concentrate on Read More
Context To overcome the deaths allegedly linked to “contaminated” India-manufactured drugs, the government has set a deadline for mandatory implementation of the Good Manufacturing Practices (GMP), and bringing them on par with World Health Organisation (WHO) standards. About the Step: According to Health Ministry, the Companies with a Read More
Context: Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy. About Advance Authorisation Scheme: It allows duty-free import of inputs, which are physically incorporated in an export product. In addition to any inputs, packaging material, fuel, oil, and catalyst which is Read More