Category: 11 Mar2023

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Call for a legally-binding treaty to protect Earth’s orbit

GS Paper 3 Syllabus: Science and Technology: Space Awareness Source: DTE, Business Standard Context: Scientists have called for a legally binding treaty to ensure Earth’s orbit isn’t irreparably harmed by the future expansion of the global space industry.   About Space debris: Space debris includes non-functional spacecraft, abandoned launch vehicle stages, mission-related debris, and fragmentation …

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Amendments to PMLA rules and its impact on ‘politically exposed persons’, NGOs

GS Paper 3 Syllabus: Money laundering-related issues   Source: IE Context: The Finance Ministry has amended the Prevention of Money Laundering Act (PMLA) and rules in line with the recommendations of the FATF – the global money laundering and terrorist financing watchdog.   Background: The government has been struggling to deal with the pandemic-era upsurge …

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Breaking barriers, building inclusion

GS Paper 3 Syllabus: Economy – Inclusive growth and associated issues/challenges Source: Business Standard Context: According to the latest Findex Report – 2021 by the World Bank, around one-third of adults still lack access to formal financial services.   About financial inclusion: Financial inclusion means that individuals and businesses have access to useful and affordable …

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Sri Lanka’s recovery | The significance of India’s support

GS Paper 2 Syllabus: International Relations   Source: TH Context: Sri Lankan President announced that the country had cleared the last hurdles to be approved for a $2.9 billion bailout from the IMF.   Background: The country has been reeling from the covid crisis, economic mismanagement by the Rajapakse regime, mounting debts → soaring inflation …

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Women’s Reservation Bill: History, politics behind long-pending law

GS Paper 2 Syllabus: Social justice (Issues related to women)   Source: IE Context: Bharat Rashtra Samithi (BRS) leader K Kavitha began a day-long hunger strike in New Delhi, demanding passage of the Women’s Reservation Bill (WRB).     Women’s Reservation Bill (WRB) The Bill will reserve one-third of the total number of seats in …

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