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TERMS OF THE DAY

  • Category
    Miscellaneous
  • Published
    27th Apr, 2024

S.No.

Term

About

1.        

Asylum seeker

 

An asylum seeker is a person who has left their country and is seeking protection from persecution and serious human rights violations in another country, but who hasn’t yet been legally recognized as a refugee and is waiting to receive a decision on their asylum claim. Seeking asylum is a human right.

2.        

Carbon footprint

A carbon footprint is the total amount of greenhouse gases (including carbon dioxide and methane) that are generated by our actions. 

3.        

Inheritance tax

The tax is imposed on the recipients who inherit assets of a person who has died. An inheritance tax law existed in India until scrapped it in 1985. An Estate Duty was a form of tax that was calculated at the time of a person's death, it was introduced through the Estate Duty Act, 1953

4.        

Gross Fixed Capital Formation

Gross fixed capital formation (GFCF) is the total value of a producer's fixed asset acquisitions minus disposals during an accounting period.

5.        

Genomic Accordion

The genomic accordion is a concept in genetics describing regions of DNA that can expand and contract, leading to variations in the number of repeated sequences. This phenomenon can cause genetic disorders and contributes to genetic diversity within populations.

6.        

Green financing

  • Green financing is to increase the level of financial flows (from banking, micro-credit, insurance, and investment) from the public, private and not-for-profit sectors to sustainable development priorities.
  • Example: Green Sovereign Bonds, Green Deposits

7.        

Migrants

Migrants are people staying outside their country of origin, who are not asylum seekers or refugees.  

8.        

Overseas Citizens of India (OCI)

The Overseas Citizens of India (OCI) is given to overseas Indians. It provides long term visa free travel and stay in India and gives the cardholders a host of privileges normally not given to a foreign national.

9.        

Person of Indian Origin (PIO)

PIO means a foreign citizen (except a national of Pakistan, Afghanistan Bangladesh, China, Iran, Bhutan, Sri Lanka and Nepal) who at any time held an Indian passport Or who or either of their parents/ grandparents/ great grandparents was born.

10.    

Refugee

A refugee is a person who has fled their own country because they are at risk of serious human rights violations and persecution there.

11.    

Recognised political parties

  • Parties that get some special facilities from the Election Commission are called 'recognised political parties'.
  • A recognised party (national or state) has theright to certain privileges like allocation of the party symbols, provision of time for political broadcasts on the state-owned television and radio stations and access to electoral rolls.

12.    

Spectrum

  • Spectrum refers to the invisible radio frequencies that wireless signals travel over. 

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