Daily Current Affairs  – 8 August 2022

In News Recently, the Financial Stability Board (FSB), a body which advises major economies on international finance, promised to push for stablecoin regulation citing recent turmoil in the cryptocurrency market. About Stablecoins Digital currency: A stablecoin is a digital currency whose value is pegged to a ‘stable’ asset, such as the U.S. dollar or gold. […]

In News Recently, the Government of India has established the Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H). About Pharmacopoeia Commission for Indian Medicine Ministry It is a subordinate office under the Ministry of Ayush. Merger It was created by merging Pharmacopoeia Commission of Indian Medicine & Homoeopathy (PCIM&H) and the two central laboratories namely […]

Context Indian Virtual Herbarium is generating a lot of interest and turning out to be an eye-catching endeavour. About Indian Virtual Herbarium It is a database of dried plants that maximises the usefulness of the collections. Apart from digital images of the herbarium specimens, the label data on each species include all information about the […]

In News  A study carried out by researchers from Indian Institute of Science (IISc) undertook to understand where the rock agamaresidese in and around Bengaluru specifically. About Peninsular Rock Agama (Psammophilus dorsalis)  It is a type of garden lizard that has a strong presence in southern India.  Description: It is a large animal, strikingly coloured […]

In News  Recently, India began cooperation with Bahrain-based Combined Maritime Forces (CMF) . Background  At the India-US 2+2 in April 2022, India had announced that it would join the CMF as an Associate Partner and will strengthen cooperation in regional security in the Western Indian Ocean.  Combined Maritime Forces (CMF) About: It is a multinational […]

In News Recently, an annual long-term monitoring report by the Australian Institute of Marine Science (AIMS) was released on the Great Barrier Reef’s recovery and vulnerability to climate threats. The reefs are surveyed through in-water and aerial techniques.  Key Findings Background:  The highest levels of coral cover, within the past 36 years, has been recorded […]

In News August 2022 marks an important occasion of the 55th anniversary of ASEAN (the Association of Southeast Asian Nations). ASEAN-India Friendship Year The year 2022 also marks the 30th Anniversary of ASEAN-India Dialogue Relations & the 10th anniversary of India’s Strategic Partnership with ASEAN.  So, the year has been designated as the ASEAN-India Friendship […]

In News Every year August 7 is observed as the National Handloom Day in India to highlight the contribution of the handloom industry in socio-economic development and create awareness about the sector. History Swadeshi Movement The handloom sector played an important role during the Swadeshi Movement, which was launched as part of the Indian independence […]

In News According to the Ministry of Home affair data, only three Indian Police Service (IPS) officers have offered themselves to be available for Central deputation. About Shortage of All India Services (AIS) officers continues to affect the Center with a low number of Indian Police Officers (IPS) opting for central deputation. Dip from previous: […]

In Context NITI Aayog’s seventh Governing Council meeting, chaired by Hon. Prime Minister was recently concluded in New Delhi. More about the meeting Highlights: The Governing Council discussed four key agenda items: Crop diversification and achieving self-sufficiency in pulses, oilseeds and other Agri-commodities; Implementation of National Education Policy (NEP) in school education; Implementation of National […]