The first cyclone of the season, ‘Extremely Severe Cyclone Mocha’, is brewing in the Southeast Bay of Bengal with favourable atmospheric conditions.
What’s the big deal with this common phenomenon?
Most vulnerable states prone to cyclonic impact - West Bengal, Andhra Pradesh, Tamil Nadu, Odisha, Puducherry (UT) and Gujarat |
What are Cyclones?
Low pressure area
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Formation of Cyclones
Factors responsible for cyclone formation -
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Fourteen countries have been engaged in negotiations in Singapore over the third round of the Indo-Pacific Economic Framework (IPEF) Agreement.
What is IPEF?
Issues with India
Global plastic pollution can reduce by 80 per cent by 2040 if countries and companies make deep policy and market shifts using existing technologies and shift to a circular economy, according to a new report launched by United Nations Environment Programme (UNEP).
Key-highlights of the Report
How would this shift benefit the economy?
What is Circular economy?
Environmental Benefits |
Economic Benefits |
Social Benefits |
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Government recent initiative to promote circular economy and sustainable growth
The Union Budget 2023-24 has put the focus on sustainable development and a circular economy
What are the present challenges?
Context
A new study shows a way to use calcium-41 the same way carbon-14 has been used in carbon-dating, but with several advantages.
What is Radiometric dating?
What is the issue with this method?
Carbon-14 has a half-life of 5,700 years, so the carbon dating technique can’t determine the age of objects older than around 50,000 years. |
The Reserve Bank of India (RBI) is preparing for a major change in the banking system and will implement expected credit loss (ECL) on banks soon.
What is Expected Credit Loss (ECL)?
Public sector Banks have travelled a long distance since 2017 when they posted a net loss of Rs 85,390 crore to a profit of Rs 66,539 crore in FY22 |
International Relations (GS-II) International Organization for Migration |
The U.N. migration agency elected Amy Pope of the United States as its director general. She will be the first woman to head the International Organization for Migration. About
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Economy (GS-III) Unsponsored depository receipts (UDRs) |
The International Financial Services Centre Authority (IFSCA), the regulatory body overseeing GIFT City’s international financial services centre, is considering permitting unsponsored depository receipts (UDRs) for Indian shares. About
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Context:
Initiatives taken by the US president Joe Biden are being dubbed as efforts to build “New Washington Consensus”.
What is Washington Consensus?
Issues with Washington Consensus
Verifying, please be patient.