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Is a new Pandemic back? What is monkey pox?

August 18 The World Health Organization (WHO) has declared mpox a viral illness caused by the monkeypox virus as a Public Health Emergency of International Concern (PHEIC).   Common symptoms of mpox are a skin rash or mucosal lesions which can last 2–4 weeks accompanied by fever, headache, muscle aches, back pain, low energy, and swollen...
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How did Bank of Japan crashed the global markets?

August 13 On August 5, major stock markets across the world experienced their sharpest decline in decades. Japan’s stock markets have fallen by 24%, Taiwan by 15%, US by 13% and India’s NIFTY by 4%.   What could be the reasons?   One of the common reason is the fear of recession in the US economy. The other reason is the...
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Agniveer Issue: Importance and Concerns

August 05 In 2022, the government launched the Agnipath Scheme for recruiting soldiers called Agniveers across the Three services Army, Navy and Airforce. Under the new scheme, around 45,000 to 50,000 soldiers will be recruited annually. At the end of the four-year contract, 25% of 'Agniveer' will be inducted into the armed forces and rest will...
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Why is the Chinese economy in Crisis?

July 28 China's economy is projected to grow by 5 percent in 2024 and 4.5 percent in 2025 which suggests a contraction of the overall economy. Property investment in China has fallen by 10.1 percent in the first 6 months of 2024. Home sales are down 19 percent in the same period. New construction has fallen by 23.7 percent.   The country is...
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Why are the workers returning back to villages?

July 28 Unemployment is one of the most pressing challenges of India. According to the latest Annual Survey of Unincorporated Enterprises (ASUSE) for 2021-22 and 2022-23 released by the Union Ministry of Statistics and Programme Implementation (MoSPI), nearly 50% Indian states and 3 Union territories saw informal sector job losses over 7...
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What is Tri-Party Repo?

July 19 Tri-party repo” means a repo contract where a third entity (apart from the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction. It is also known as...
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Is Russia losing Ukraine war?

July 10 It has been more than 2 years since the Russia Ukraine war started. In these two years Russia has been very aggressive and has controlled a significant part of Ukraine in the East and South East.   But now things have started to change. The European nations and the USA have increased military and financial assistance to Ukraine and...
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How much money would Bajaj's CNG bike save?

July 07 Bajaj Auto has introduced the Freedom 125, the world’s first motorcycle to run on Compressed Natural Gas (CNG). This 125 cc commuter bike operates on both petrol and CNG, aiming to significantly lower operational costs for it’s users. It is Priced between ₹95,000 and ₹1.10 lakh (ex-showroom).   The Freedom 125 is...
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How did Nvidia became world's biggest company?

June 27 Nvidia has surged to become the world’s most valuable company, boasting a market capitalization of $3.34 trillion. This remarkable feat comes amid growing investor enthusiasm over artificial intelligence (AI).   Nvidia's market valuation is now worth more than the GDP of all the nations of the world except the US, China,...
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What is a liquidity trap?

June 25 Central Bank of a country (like RBI for India) prepares country's monetary policy. In the policy they determine the interest rates at which money is available for lending which is ultimately provided to the people as credit. The purpose of this cheap loans is to increase people'e spending and economic activity. But there are...
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How safe are Electric Vehicles (EVs)? An analysis

June 20 The Indian Government is pushing for its citizens to buy electric vehicles. But are they safe?   You must have heard a lot many instances of electric cars catching fire in India. Electric vehicles typically catch fire because it’s Lithium-ion battery generates heat. Electric  vehicles are even more dangerous to operate in...
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What are Petro-Dollars and the history behind it?

June 20 Initially, the Bretton Woods Agreement of 1944 established the US dollar as the world’s primary reserve currency, pegged (connected) to the value of gold.   Till 1971, the value of a dollar was tied to the value of gold known as the system of fixed currency exchange rates. But it collapsed in 1971 because the global economy and...
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What is Central Bank Digital Currency (CBDC) or Digital Rupee?

June 16 Central Bank Digital Currency (CBDC) represents a digital form of a country's national currency also known as “Digital Rupee” or “e₹”. It is a legal tender like any other currency which is issued and regulated by the central bank (RBI), the only difference is that it is in a digital form.     It is...
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About International Grains Council

June 16 International Grains Council is an inter-governmental organisation that administers the Grains Trade Convention (GTC). Grains Trade Convention is the only international treaty covering trade in grains, rice and oilseeds trade.     The International Grains Agreement (IGA) is an international agreement focused on the grain...
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About 100 Million Farmers (100MF)

June 16 While agriculture is responsible for approximately 33% of greenhouse gas (GHG) emissions, 80% of tropical deforestation, and 70% of global fresh water extraction, it can be transformed into a key solution for fighting and adapting to climate change. Ambitious and integrated action across sectors is needed to rebuild the food and agriculture...
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What are the functions of World Toilet Organization (WTO)?

June 16 The World Toilet Organization (WTO) is a global non-profit organization whose goal is to improve toilet and sanitation conditions worldwide. It was founded in 2001 with 15 members and has now grown to 151 member organizations in 53 countries.   The WTO is also the organizer of the World Toilet Summit, The Urgent Run and initiated the...
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