Carbon Bombs: A group of environmentalists, lawyers, and activists have come together to identify and ‘defuse carbon bombs’– coal, oil and gas projects that have the potential to contribute significantly to global warming. The usage of the term ‘carbon bombs’ picked up after an investigative project of The Guardian from May 2022. Defining the term […]
Month: June 2022
Linking Of Credit Cards With UPI
Linking Of Credit Cards With The Unified Payments Interface: The Reserve Bank of India has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI). So far, UPI could only be linked to debit cards and bank accounts. The integration will first begin with the indigenous RuPay credit cards. Both the […]
Monetary Policy Committee Decisions: June 2022
The Monetary Policy Committee Decisions: The Monetary Policy Committee of Reserve Bank of India, which met from 6-8 June 2022, took the following decisions. Taking into account the increase in housing prices since the limits were last revised and considering the customer needs, it has been decided to increase the existing limits on individual housing […]
Hike in Repo Rate
Repo Rate: The Reserve Bank of India (RBI) Governor announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 bps with immediate effect. The Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.90%. The earlier repo rate was 4.40% after the rates were […]
Survey To Count Elephants And Big Cats
Survey To Count Elephants And Big Cats: The government of India, for the first time this year, will present a unified count of the tiger, leopard and elephant populations of the country. Given that 90% of the area occupied by elephants and tigers is common, and once estimation methods are standardised, having a common survey […]
Growing Demand For Lithium
Growing Demand For Lithium: With the EV industry growing rapidly, the demand for lithium, an essential resource for EV battery makers, has surged along. It is estimated that if the entirety of ore from the African mines are extracted, it will be sufficient to meet the demand for at least 27.78 million vehicles with 60 […]
Unified Geologic Map Of The Moon
Unified Geologic Map Of The Moon: The United States Geological Survey (USGS) in partnership with National Aeronautics and Space Administration (NASA) and the Lunar Planetary Institute has released a new comprehensive map of the Moon, called the ‘Unified Geologic Map of the Moon’. The new map showcases the Moon in a 1:50,00,000-scale size, and is […]
PD1 Therapy For Cancer
PD1 Therapy For Cancer: In a medical trial in the USA, 12 patients were completely cured of rectal cancer without requiring any surgery or chemotherapy. The trial used a monoclonal antibody dostarlimab every three weeks for six months for the treatment of a particular kind of stage two or three rectal cancer. The study was […]
Australia India Water Security Initiative (AIWASI)
Australia India Water Security Initiative (AIWASI): The Union Cabinet has approved a MoU (Memorandum of Understanding) between India and Australia on Technical Cooperation for Australia –India water Security initiative (AIWASI). AIWASI is a project Under South Asia Water Security Initiative (SAWASI) of Department of Foreign Affairs and Trade (DFAT), Australia. It aims to work towards […]
Ban On Use Of Coal In Delhi-NCR
Ban On Use Of Coal In Delhi-NCR: The Commission for Air Quality Management (CAQM) has issued directions to ban the use of coal in industrial, domestic and other miscellaneous applications in the entire Delhi-NCR region from 1st January 2023. This step is taken to bring down greenhouse gas emissions in Delhi NCR. Delhi is among […]
