Daily Current Affairs  – 16 March 2022

In News ISRO successfully completed the ground test of the solid-fuel based booster stage (SS1) of its new Small Satellite Launch Vehicle (SSLV), completing the ground testing of all three stages of the launch vehicle. About Small Satellite Launch Vehicle SSLV: The SSLV was designed to be smaller, cheaper, and quickly assembled for commercial launches […]

In Context Flood Plain Zoning has been recognized as an effective non-structural measure for flood management. About Flood Plain Zoning It is a concept central to flood plain management. This concept recognises the basic fact that the flood plain of a river is essentially its domain and any intrusion into or developmental activity therein must […]

In Context Important steps taken by the Government for protection of Great Indian Bustards in the country including details of captive breeding facilities have been highlighted recently  . Great Indian Bustard (GIB) About: One of the heaviest flying birds endemic to the Indian subcontinent. State Bird of Rajasthan Habitat:  Untamed, Arid grasslands. A Maximum number […]

In Context  Inflation based on the Consumer Price Index (CPI) quickened to 6.07% in February from 6.01% in the previous month . Meanwhile, the Wholesale Price Index (WPI)-based inflation accelerated to 13.11% in February from 12.96% in the previous month. About Inflation  Inflation refers to the rise in the prices of most goods and services […]

In News A recent study warned that permafrost peatlands in Europe and western Siberia might be approaching their tipping point faster than expected. Image Courtesy: Climate Energy  Key Findings Northern europe:  By 2040, northern Europe might become too wet and warm to support permafrost peatlands. Peatlands: About:  Peatlands are a class of wetlands, which are […]

In Context India’s largest agri-trading marketplace Agribazaar has recently announced that it will be offering a ‘remote sensing crop model’ to farmers. What is a remote sensing crop model? Remote sensing refers to the process where scientific data and observations are collected about an object without needing to be at the same location physically.  This […]

In News Recently, the Reserve Bank of India (RBI) allowed Microfinance Institutions(MFI) the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. These guidelines will take effect 1st April 02022. Earlier in 2021, the RBI proposed to lift the interest rate cap on MFI. About Banks […]

In News  Recently, the Ministry of Environment, Forest and Climate Change released Detailed Project Reports (DPRs) on rejuvenation of thirteen major rivers through forestry interventions. Image Courtesy: TOI About Detailed Project Reports (DPRs)  The DPRs were funded by National Afforestation & Eco-development Board, (MoEF&CC) and prepared by Indian Council of Forestry Research & Education (ICFRE), […]

In News India’s defence infrastructure development agency MES (military engineering services), has built two houses in South-Western Air Command, Gandhinagar and Jaisalmer, tapping 3D rapid construction technology from the private sector. Related information Chennai based startup Tvasta: These constructions are done in collaboration with the Chennai based startup Tvasta. Tvasta, a non-profit organization, was one […]

In News The Finance Minister in her Budget 2022 speech announced the government will increase capital expenditure to a massive Rs 7.5 trillion in the next fiscal year. The budget announcement that stands out in terms of boosting green investment is the government’s promise to issue a sovereign green bond. What is Green Bond? It […]