Daily Current Affairs  – 3 September 2022

In News Recently, Boeing-made Chinook helicopters have come under scanner over issues of engine fires.  About Boeing CH-47 Chinook A twin-engined, tandem rotor, heavy-lift helicopter. Developed by American rotorcraft company Vertol and manufactured by Boeing Vertol (later known as Boeing Rotorcraft Systems). Advantages of Chinook: High Capacity: The Chinooks can carry goods and cargo of […]

In News  The Government of India has granted ‘in-principle’ approval for setting up three bulk drug parks, one each in Himachal Pradesh, Gujarat and Andhra Pradesh under the Scheme for “Promotion of Bulk Drug Parks. About Scheme for “Promotion of Bulk Drug Parks” It is a key initiative to support the Bulk Drugs manufacturing in […]

In News Recently, the Central Council for Research in Ayurvedic Sciences (CCRAS) has taken a unique initiative to support the research efforts of bright young minds of the Country by developing the Studentship Program for Ayurveda Research Ken (SPARK) for Ayurveda students studying in recognised Ayurveda colleges.  About SPARK Program Initiative By Central Council for […]

In News Recently, the group of seven advanced economies (G7) agreed to implement a price cap on oil exports from Russia at a virtual meeting of their Finance Ministers. Key Points Motive of the move:  Cutting off a source of financing for Russia as its invasion of Ukraine continues.  With London being a major global […]

In News Recently, India surpassed the UK to become the world’s fifth biggest economy. Key Highlights Leaving behind UK: India leaped past the UK in the final three months of 2021 to become the fifth-biggest economy.  The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP […]

In News Recently, according to the data from Central Board of Direct Taxes (CBDT), the Centre’s direct tax collection stood at Rs 4.8 trillion which is 33 per cent more than the Rs 3.6 trillion collected in the same period last year. If the trend continued, direct tax collection for FY23 could exceed the Budget […]

In News Recently, the Reserve Bank of India said that regulated entities engaged in credit delivery through digital lending will have time till November 30 to comply with the lending norms for existing digital loans. What is Digital Lending? Meaning: Digital Lending involves lending through web platforms or mobile apps, utilizing technology for authentication and […]

In News India and the United Arab Emirates (UAE) recently held talks on bilateral ties. More about the news Mr. Jaishankar co-chaired the 14th India-UAE Joint Commission Meeting (JCM) along with his UAE counterpart Sheikh Abdulla bin Zayed Al Nahyan in Abu Dhabi. Bilateral Trade & investments: Both countries have reiterated their commitment to achieving […]

In News Delhi’s prisons are overcrowded with 94% more inmates than the sanctioned capacity. More about the news All India scenario: Indian prisons have been housing more inmates than their capacity for decades now. According to a report on prison statistics for 2019 released by National Crime Records Bureau, As of 31 December 2019, there […]