UPSC Daily Current Affairs

India:Blue Economy and Seafood Exports

Aug 10, 2023

1. What is the current status of India's seafood exports? India exported 17,35,286 tonnes of seafood worth ₹63,969 crore in the fiscal year 2022-23. The major contributor to these exports is shrimp, which accounted for 11.84 lakh tonnes and ₹43,135 crore in export value. 2. What is India's goal for seafood exports by 2025? India aims to increase its seafood export earnings to $15 billion by 2025, up from $7.76 billion in the fiscal year 2021-22. 3. How does India rank in shrimp exports? Read More...

RBI Data Localisation Rules

Aug 10, 2023

1. What are RBI Data Localisation Rules? RBI Data Localisation Rules require certain categories of sensitive personal and financial data to be stored and processed within the borders of India, and not transferred or processed internationally. 2. Why Did RBI Introduce Data Localisation Rules? RBI introduced data localisation rules to enhance the security and privacy of sensitive financial and personal data. The rules aim to prevent unauthorized access, data breaches, and potential misuse of such information by ensuring it remains within India&#... Read More...

Consumer Confidence

Aug 10, 2023

Understanding Consumer Confidence: Factors Influencing Low or High Confidence Consumer confidence, which reflects the public's outlook on economic conditions, is influenced by various factors. A recent study conducted by Home Credit India sheds light on the financial habits and sentiments of low-income consumers in urban and semi-urban centers, providing insights into the reasons behind their optimism. Income Expectations: A Key Driver Income Anticipation: Low-income consumers in urban and semi-urban areas are remarkably opt... Read More...

Ukraine:India's Role in the Jeddah Peace Meet

Aug 10, 2023

The recent peace summit in Jeddah, Saudi Arabia, convened on Ukraine and attended by over 40 countries, marks a significant shift in global power dynamics. The summit aimed to find a peaceful resolution to the Ukraine crisis and provided a platform for India to offer its unique perspective on the matter. Recognition of India's Diplomatic Influence Shift in Hosting: The choice of Saudi Arabia as the host, rather than a Western nation, highlighted the kingdom's expanding clout in the region. This elevation is further fueled by Saudi Arabia's recent peace effort... Read More...

Chinese Economy Struggling, Exports Drop:Reasons

Aug 10, 2023

China's economic challenges persist as its exports faced a third consecutive monthly decline in July, with overseas shipments dropping by 14.5% and imports contracting by 12.4% compared to the previous year. This trend reflects weakened global demand and domestic pressures that are impacting China's economic recovery. Falling consumer confidence and subdued domestic demand have contributed to the decline in imports. The drop in imports is also influenced by falling commodity prices. China's efforts to stimulate growth through targeted policies, including encouraging household spending and supporting specific sectors like electric cars and light ind... Read More...

India:Licences for Import of Laptops: In Defence

Aug 10, 2023

In June 2020, India implemented import restrictions on pneumatic tyres for vehicles in line with WTO's Import Licensing Procedures Agreement. Now, three years later,in mid-2023, India is using the same WTO rules to limit imports, this time targeting personal computers, laptops, and tablets. The new regulations require companies to obtain licenses from the Directorate General of Foreign Trade for importing these items. India has used such measures to boost domestic manufacturing. This approach is not unique to India; other countries have also employed similar strategies. The Trade Minister, while defending the move, emphasized that if other countries seek a... Read More...

Madhya Pradesh: Tiger State

Aug 10, 2023

1. How many unique tigers were found in Madhya Pradesh according to the 2022 tiger census? Madhya Pradesh was found to have 785 unique tigers in the 2022 tiger census. 2. What is the total tiger count in India as per the 2022 census? The 2022 tiger census reported a total of 3,682 tigers across India, which is an increase from 2,967 in 2018. 3. Why were the increased tiger numbers in Madhya Pradesh doubted by other states? Other states, especially one state, do... Read More...

Protection of Traditional Knowledge:Biodiversity Protection,Geographical Indications and Benefit Sharing

Aug 10, 2023

Traditional Knowledge (TK) refers to the knowledge, practices, innovations, and cultural expressions developed and maintained by communities over time. It is often closely linked to their cultural, spiritual, and social identity and plays a vital role in their livelihoods and well-being.Some of it is codified. Codified traditional knowledge refers to traditional knowledge that has been systematically organized and recorded in a structured manner. In the field of traditional medicine, there are two types of codified traditional knowledge: Codified Systems: These ar... Read More...

Public Distribution System:PDS, Food Security, and Nutrition Security

Aug 10, 2023

Millets Q1: What is PDS? A: PDS stands for Public Distribution System, a government initiative to provide food and non-food items to identified households at subsidised prices. Q2: What is the main goal of PDS? A: The main goal of PDS is to ensure food security by providing essential food items to vulnerable populations at affordable rates. Q3: How has PDS helped India? A: PDS has helped India avert major famines and p... Read More...

Freebies,Welfare State, and Economic Models

Aug 10, 2023

Q1: What is a welfare state? A: A welfare state is a concept where the government takes responsibility for promoting the welfare and well-being of its citizens by providing various social services, support systems, and safety nets. Q2: What are the goals of a welfare state? A: The primary goals include minimizing inequalities in income and status, ensuring equal opportunities, and creating a just social, economic, and political order that benefits all citizens. Q3: How does a welfare state differ fro... Read More...

Income Tax:Old and New Systems

Aug 10, 2023

The income tax system in India consists of two main regimes: the old tax regime and the new tax regime. Here's an overview of both systems: 1. Old Tax Regime: In the old tax regime, taxpayers can avail various deductions and exemptions under different sections of the Income Tax Act. These deductions can significantly reduce the taxable income and, subsequently, the tax liability. Some common deductions and exemptions under the old regime include: 1) Section 80C: Deductions for investments in specified financial... Read More...

Banks' Bad Loan Write-Offs:Causes,Benefits and Concerns

Aug 10, 2023

1. What is the significance of the information regarding banks' bad loan write-offs? The information highlights the amount of bad loans that banks in India have written off over a period of nine financial years, starting from 2014-15. It provides insights into the scale of non-performing assets (NPAs) and the efforts made by banks to manage their loan portfolios. 2. How much bad loans have banks written off in the past nine financial years? Banks have written off bad loans worth Rs 14.56 lakh crore in the past nine financial years, from 20... Read More...

General Essay

Aug 09, 2023

Loneliness and Changing Societal Dynamics in India Today 1. What are some of the social issues prevalent in India? India is known for various societal problems and challenges, including poverty, socio-economic inequality, religious bigotry, and patriarchal violence. 2. Is loneliness becoming a problem in Indian society? Yes, increasing loneliness is emerging as a significant concern in Indian society, affecting diverse sections of the population. Despite strong family and kinship ties, there is a grow... Read More...

Floods:Poor Disaster Management

Aug 09, 2023

1. What is the current situation of floods in India in 2023? In 2023, India has experienced unprecedented monsoon fury resulting in significant loss of lives, destruction of crops, property, and infrastructure. Several regions, including Himachal Pradesh, Punjab, and Haryana, have been severely affected. 2. What data has been presented regarding flood losses in the last decade? A report filed in the Rajya Sabha provides data from the Jal Shakti Ministry for the period of 2012-2021. The report states that over 17,000 people have died in floods ... Read More...

Malabar Exercises

Aug 09, 2023

Q: What is the Malabar multilateral naval exercise and who participates in it? The Malabar exercise is a significant multilateral naval training event that involves the participation of four major maritime powers: India, Australia, Japan, and the United States. Designed to enhance naval cooperation, interoperability, and tactical proficiency, this exercise is a demonstration of the shared commitment to maintaining a secure and stable maritime environment in the Indo-Pacific region. Q: What is the location and duration of the Malabar exercise? ... Read More...