Read:https://indianexpress.com/article/explained/everyday-explainers/indias-emerging-twin-deficit-problem-explained-7982895/ The above article talks about the emerging challenge faced by the Indian economy due to the emerging fiscal deficit and current account deficit. The main points raised in the article are as follows: In its latest ‘Monthly Economic Review’,…
JUNE 21 MARKED SUMMER SOLSTICE IN NORTHERN HEMISPHERE
June 20-21 is a very important day for our planet and its relationship with the sun. June 20-21 is one of two solstices, days when the rays of the sun directly strike one of the two tropical latitude lines. June 21 marks the…
Union Cabinet Approves 5G Mega Auction: Basics Explained
The Union Cabinet has approved a mega auction of mobile spectrum capable of supporting 5G services, and the Department of Telecom has invited applications from potential bidders.The auction, slated to begin on 26 July, will have 72,000MHz of airwaves on…
India’s merchandise trade widens: Basics Explained
India’s merchandise trade deficit expanded to its highest-ever mark of $24.29 billion in May, driven by a surge in gold imports, adding to the already-high energy import bill amid the Russia-Ukraine war. The trade deficit widened to $24.69 billion in…
The 12th Ministerial Conference of the World Trade Organization: Basics Explained
The 12th Ministerial Conference of the World Trade Organization on June 17, agreed to a series of deals relating to the temporary waivers on Covid-19 vaccines, a moratorium on e-commerce trade, food security, and setting limits on harmful fishing subsidies….
The BRICS NSA Meeting: Basics Explained
National Security Advisor Ajit Doval attended the BRICS NSA meeting where he stressed the need to bolster cooperation against terrorism without any reservations. In a meeting hosted by Chinese NSA Yang Jiechi, Ajit Doval emphasized the need for urgent reform…
ICMR issued revised Type 1 Diabetes guidelines: Basics Explained
The Indian Council of Medical Research (ICMR) has issued revised Type 1 Diabetes guidelines. India has become the world’s second-largest adult population of this disease. Every 6th person who has diabetes in the world is an Indian;the number of diabetics…
Rajya Sabha Polls: Basics Explained
The biennial Rajya Sabha elections to decide the fate of 57 Rajya Sabha seats from 15 states are scheduled to take place on 10 June. While 41 of these seats have already been filled by unopposed candidates. LEARNING FROM HOME/WITHOUT…