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UPSC Current Affairs

UPSC Current Affairs

UPSC Daily Current Affairs :: SRIRAM's IAS

Basel III Capital Framework for AIFIs (All India Financial Institutions)

Sep 23, 2023
Q1: What is the Basel III Capital Framework? A: The Basel III Capital Framework is a set of international banking regulations Read More...

What is Lithium, Its Uses, and India's Lithium Hunt?

Sep 23, 2023
What is Lithium? Lithium is a chemical element (Li) with the symbol Li and atomic number 3. It is a soft, silvery-white metal and is the lightest solid element.   What are the Uses of Lithium? Lithium has various uses, but it is primarily known for its role in rechargeable lithium-ion batteries , which power many electronic devices like smartphones , laptops , and electric vehicles (EVs) .   Lithium is also used in some medications for mood disorders, as it can stabilize mood swings .   ... Read More...

New Cold War

Sep 23, 2023
#FollowSRIRAM'SForInternationalRelations   What Is a New Cold War, and Are the Chances Slim or Bright? A "new Cold War" refers to a hypothetical geopolitical scenario in which major global powers align into opposing blocs, similar to the Cold War era when the United States led the capitalist bloc and the Soviet Union led the communist bloc. In this scenario, tensions, competition, and rivalries between these blocs could define international relations, with the potential for proxy conflicts, arms races, and ideological struggles.   Read More...

Indian Economy 2023-24

Sep 23, 2023
Optimistic About Indian Economy in 2023-24 In the midst of a challenging global economic environment, the Indian economy exhibited resilience and stability in the financial year 2022-23. Several factors contributed to this positive performance:   1. Inflation Control: Despite a surge in inflation (7.8%) caused by global price increases in crude oil, food, fertilizers, and metals, inflation moderated in the second half of the year due to measures taken by the central government.   2. Monetary and Fiscal Polici... Read More...

Small Farmer and Climate Change in India

Sep 23, 2023
How is Climate Change Affecting Small Farmers in India?   Q1: What climate-related challenges are smallholder farmers facing in India? A1: Smallholder farmers in India are encountering an increase in droughts and prolonged periods of high temperatures. These changes in weather patterns are affecting their agricultural practices.   Q2: How do smallholder farmers expect climate change to impact their crops and farms? A2: Four in 10 smallholder farmers anticipate increased crop failure (43%) and reduced yiel... Read More...

JP Morgan's Inclusion of Indian Government Bonds: Economic Opportunities and Benefits

Sep 23, 2023
#BondWithTheBest StudyWithSRIRAM'   Global emerging market bond indices are like lists that show which government bonds from different countries are attractive to investors. When JP Morgan, a big global financial company, includes Indian government bonds in these lists, it means they think these bonds are a good choice. JP Morgan plans to include Indian government bonds in its global emerging market bond indices.   Advantages (✓) of Including Indian Bonds in Global Indices: Increased Foreign Inves... Read More...

India,WTO and Food Security

Sep 23, 2023
"Empowering India's Trade Diplomacy at WTO with #SRIRAM's Read More...

Swati Nayak and the Norman E Borlaug Award

Sep 23, 2023
1. Norman E Borlaug Award (NBA): NBA is a prestigious honor in agriculture for significant contributions to research and development.   2. Swati Nayak's Work: Swati Nayak, known as 'Bihana Didi' (Seed Lady), won the NBA for her work with local communities in Odisha.   3. Shahabhagi Dhan Rice Variety: Nayak introduced drought-tolerant Shahabhagi Dhan rice in Odisha, positively impacting crop yields.   4. Internat... Read More...

Vikram and Pragyan Go to Sleep:Basics

Sep 23, 2023
1. What is Chandrayaan-3? Chandrayaan-3 is India's lunar mission, which consists of a lander and a rover designed to explore and conduct experiments on the moon's surface.   2. What happened to the Vikram Lander and Pragyan Rover? After a successful soft landing on the moon's surface on August 23, the instruments onboard the lander and rover were active for nearly two weeks. However, on September 3, when the lunar day ended, they were put into 'sleep mode.' Efforts have been made to wake them up, but as of the latest update, ... Read More...

Domestic Savings Rate Plunges:RBI Report

Sep 22, 2023
The latest data on household financial savings, released by the Reserve Bank of India (RBI), has raised concerns among economists and can have significant implications for medium-term growth. Household Savings Decline: Net household financial savings dropped to a multi-decade low of 5.1% of GDP in 2022-23, down from 7.2% the previous year. Possible Reasons for Decline: Households impacted by pandemic-related income setbacks may not have fully recovered. Economic recovery has been primarily driven by corporate profits. High ... Read More...

Hidden Hunger and Rice Fortification

Sep 22, 2023
Hidden Hunger Definition: Refers to micronutrient deficiency-induced malnutrition, often concealed until clinical signs of deficiency appear, affecting both children and adults. Consequences: Includes birth defects, cognitive impairments, maternal and infant mortality, childhood blindness, and reduced productivity. Hunger in India: Despite a decline, around 194 million people were undernourished in India during 2016-18. Nutrition in Aspirational Districts: Read More...

Savings in India:

Sep 22, 2023
Refers to setting aside a portion of income or resources for future use, taking various forms like bank deposits, investments, and physical assets. Crucial for financial stability, achieving goals, and contributing to economic growth. Why Save: Emergency Fund: Acts as a financial cushion during unexpected expenses.   Financial Goals: Helps achieve objectives like homeownership, education, and retirement.   Investment Capital: Allows for growth through investments.   Reti... Read More...

Self-Help Groups (SHGs) and Joint Liability Groups (JLGs)

Sep 21, 2023
Self-Help Groups (SHGs) Origin: Rooted in the social concept of mutual aid, emphasizing community and empowerment.   Structure: Small local groups, mainly consisting of women, who save and borrow collectively at a low-interest rate (around 12% per annum), facilitated by state subsidies.   Repayment Responsibility: Each borrower is individually responsible for their repayment, without a collective liability on the group. Benefits: Empowerment: Encourages distributed and... Read More...

Large-Cap,Mid-Cap and Small-Cap Stocks:SEBI Definition

Sep 21, 2023
Large-Cap Funds Definition: Investments in companies with a high market capitalization, currently defined as over Rs.50,000 crore as per SEBI's guidelines.   Characteristics: Generally involves well-established companies with a stable performance record. Offers limited but relatively stable growth potential.   Regulator: Defined by the Securities and Exchange Board of India (SEBI). Mid-Cap Funds Definition: Investments in companies with a market capitalization betw... Read More...

"Socialist" and "Secular" in the Preamble to the Constitution of India

Sep 21, 2023
What does "socialist" mean in the Preamble to the Constitution of India? Definition: The term "socialist" refers to the government's commitment to promote social welfare and economic equality among its citizens.br/> It aims to reduce disparities in wealth and resources through state intervention.   Implementation: Through various legislations and policies, the government aims to ensure equitable distribution of resources and opportunities to all citizens, promoting social justice and welfare.   Amendment: The te... Read More...