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The Reserve Bank of India (RBI) recently issued revised Priority Sector Lending (PSL) guidelines. It is more in line with evolving national priorities and puts a greater emphasis on inclusive growth. Revised Priority Sector Lending (PSL) guidelines: The revised priority sector lending guidelines incRead more
Depository Receipt (DR): A Depository Receipt (DR) is a financial instrument representing certain securities (eg. shares, bonds, etc.) issued by a company/entity in a foreign jurisdiction. Securities of a firm are deposited with a domestic custodian in the firm‘s domestic jurisdiction, and a correspRead more
Parliamentary Standing Committee (PSC): Parliamentary Committees are setup as an instrument to assist the working of Parliament in its various activities. They are classified into- Standing Committee Adhoc Committee (temporary). Standing Committees are permanent, constituted every year and work in aRead more
About GITA: Global Innovation & Technology Alliance (GITA) is a "not for profit" Section-8 Public-Private Partnership (PPP) company promoted jointly by the Technology Development Board (TDB), Department of Science & Technology (DST), Government of India and the Confederation of Indian IndustRead more
Assessment of climate change over the Indian region: The first Assessment of Climate Change over Indian Region‘ was recently released by the Union Ministry of Earth Sciences. Temperature Rise Over India: India‘s average temperature has risen by around 0.7°C during 1901–2018. This rise in temperatureRead more
About Body Mass Index (BMI): The Body Mass Index (BMI) is measured as the weight in kg divided by the square of the height in meters. Thus It is a measure of body fat based on height and weight. The WHO guidelines define a normal BMI range as 18.5 to 24.9, overweight as 25 or higher, and obesity asRead more
UNCLOS stands for United Nations Convention for the Law of the Sea. It is also referred to as the Law of the Sea Convention or the Law of the Sea treaty and is effective from the year 1982. This is the only international treaty that provides a basis for state sovereignty in maritime areas. It givesRead more
India has appointed diplomat T S Tirumurti, currently serving as Secretary in the Ministry of External Affairs, as its Permanent Representative to the United Nations.
NAM stands for Non-Aligned Movement and it represents the largest grouping of countries outside the United Nations, including 120 developing countries from Asia, Africa and Latin America. More about NAM: The NAM was formed during the Cold War by the then Yugoslav President Josip Broz Tito. The initiRead more
The national currency of Iran is Iranian Rial. More about National Currency of Iran: Iran's parliament has recently passed a bill that will change the national currency of Iran from a Rial to a Toman. 1 Toman is equal to 10,000 Rials. It is predicted that the Guardian Council, a body of conservativeRead more