Daily Current Affairs  – 11 July 2022

In News The National Fisheries Development Board, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India celebrated the National Fish Farmers Day.   About National Fish Farmers Day It is celebrated on 10th July every year to demonstrate solidarity with all fisher folk, fish farmers and concerned stakeholders throughout the Country.  It is the 65th […]

In News  Microfinance companies are expecting greater growth in rural markets than urban, following new guidelines issued by the Reserve Bank of India . More In News  The central bank has allowed households earning up to ?3 lakh annually to be classified as eligible for microloans, expanding the market for microfinance institutions (MFIs).  The cap […]

In News India’s first Indigenous aircraft carrier (IAC-1), INS Vikrant, successfully completed the fourth and final phase of sea trials. About INS Vikrant INS Vikrant was named after the warship that played a crucial role in the 1971 war. Designed: By the Indian Navy’s Directorate of Naval Design (DND), the carrier has been built at […]

In Context Indonesia has announced “Digital Nomad Visas” for travellers, to attract more foreign tourists. Who are Digital Nomads ? According to the 2020 State of Independence in America Report by MBO Partners, “Digital nomads are defined as people who choose to embrace a location-independent, technology–enabled lifestyle that allows them to travel and work remotely, […]

In News Recently, India’s foreign exchange reserves fell to their lowest level in over 14 months as the central bank sold dollars to prop up the currency.   About the recent data The reserves fell $5.01 billion to $588.3 billion. The decline in the reserve comes amid the rupee hitting record lows. Reasons: The central bank […]

In News Recently, the Union government has proposed the New Drugs, Medical Devices and Cosmetics Bill, 2022. Major provisions of the Bill Regulation: It seeks to regulate e-pharmacies and medical devices and provides for penalties including imprisonment for failing to pay compensation for injury or death during clinical trials for both drugs and medical devices. […]

In News Recently, the startup ecosystem in India has started bracing itself for a long and bitter winter. About Reason: With funding starting to dry up due to global macro-economic factors and potential mass lay-offs in the next 12-18 months, particularly in sectors such as ed-tech and gaming that got a significant push during the […]

In News A report released by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) has stated that about 50,000 wild species globally can meet the needs of billions of people. Findings of the Report Billions of people in all regions of the world rely on and benefit from the use of wild species: […]

In News Sri Lanka is facing a massive economic collapse with dramatic events seen on its political stage. More about the news Economic Crisis: Sri Lanka is under the grip of an unprecedented economic turmoil, the worst in seven decades.  The country is crippled by an acute shortage of foreign exchange that has left it […]