Banking Laws (Amendment) Bill, 2024: A bill proposing changes to banking laws, including allowing up to four nominees for a bank account, was introduced in the Lok Sabha recently. The Banking Laws (Amendment) Bill, 2024, aims to strengthen banking governance, enhance reporting consistency to the Reserve Bank of India (RBI), and improve protection […]
Day: August 12, 2024
Juanga Tribe : In News
Juanga Tribe : In News The District Level Committee of Keonjhar in Odisha cleared the hurdle for habitat rights under the Forest Rights Act (FRA) to the Juanga, a particularly vulnerable tribal group, by approving the claim recently. Juanga Tribe is an indigenous community in India concentrated in Odisha’s Keonjhar district. It is one of […]
Hoverflies : New Species
Hoverflies : New Species Three Kashmiri scientists recently discovered a new species of hoverfly that mimics the wasp in the high-altitude alpine forests. Hoverflies sometimes called ‘flower flies’ or ‘syrphid flies’, are any member of a family that contains about 6,000 species of insects in the fly order, Diptera. Their various common names refer to […]
Overnight Index Swap
Overnight Index Swap: The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the Overnight Index Swap (OIS) market. Overnight Index Swap (OIS) is a derivative instrumentwhere returns under a fixed rate asset are swapped against a pre-determined published index of a […]
Perseid Meteor Shower : In News
Perseid Meteor Shower : In News Perseid meteor shower which is this year’s most-awaited meteor shower is set to peak The name Perseid is believed to be derived from the Perseus constellation. It peaks during mid-August each year and is considered to be among the best meteor showers. Perseids, usually swift and bright, leave a […]
Seaweed Value Chain Development : NITI Aayog Report
Seaweed Value Chain Development : NITI Aayog Report NITI Aayog has laid down a comprehensive roadmap to promote seaweed cultivation in India in its report published titled “Strategy for the development of Seaweed Value Chain”. This includes steps for research, investment, training, infrastructure development, and market promotion toincrease seaweed production, which can benefit the environment, […]
Forest Clearance For Non-Foresting Activities In Wildlife Sanctuaries
Forest Clearance For Non-Foresting Activities In Wildlife Sanctuaries: The MoEFCC told the NGT that the Assam government did not obtain necessary forest clearance for non-forestry activities in the Sonai-Rupai Wildlife Sanctuary. The Ministry highlighted that such activitiesrequire approval from central govt, which was not sought. Sonai Rupai Wildlife Sanctuary, located in Assam, India, is known […]
Microwave Ovens : Microorganism Study
Microwave Ovens : Microorganism Study Microorganisms thriving in extreme environments like microwave ovens have been studied to understand their evolutionary adaptations. The dominant ones belonged to the Bacillus, Micrococcus and Staphylococcus genera, which commonly live on human skin and surfaces that people frequently touch. A few bacteria types associated with food-borne illnesses, including Klebsiella and […]
Deep Winter Heatwaves
Deep Winter Heatwaves: Antarctica has been experiencing a significant deep-winter heatwave, marking the second instance of record-breaking temperatures in two years. Ground temperatures have risen by an average of 10 degrees Celsius above normal since mid-July 2024, with some areas experiencing increases of up to 28 degrees Celsius. The polar vortex (also known as polar […]
Google Violate Anti-Trust Laws
Google Violate Anti-Trust Laws: On August 5, US District Judge Amit Mehta ruled that Google violated antitrust laws by maintaining a monopoly in “general search services” and “search text ads” through exclusive deals with companies like Apple and Samsung. Antitrust laws and regulations are designed to promote fair competition and prevent anti-competitive practices in the […]
