Daily Current Affairs  – 21 November 2022

In News America plans to pursue a ‘friendshoring’ approach to diversify away from countries that present geopolitical and security risks to the supply chain and deepen economic integration with trusted trading partners like India, About ‘Friendshoring’ The term, a cousin of “reshoring” and “onshoring” and a sibling to “nearshoring,” is shorthand for the practice of […]

In News The Geographical Indications Registry has received an application from the Tribal Development Council, Andaman & Nicobar Islands, seeking the Geographical Indication (GI) tag for the Nicobari hodi craft.  This is the first application from the Union Territory seeking a tag for one of its products. About Nicobari Hodi Craft The hodi is the […]

In News A great knot from Russia has found its way to Kerala’s coast, flying over 9,000 km for a winter sojourn. Great knots to be re-sighted in India among the nearly thousand ones tagged with MOSKVA rings in the Kamchatka peninsula in eastern Russia. The migratory path of the Great Knot About Great knot […]

In News Recently, India submitted its long-term climate action strategy to the United Nations Framework Convention on Climate Change (UNFCCC) at the UN Climate Conference (COP27). Background The Paris Agreement of 2015 required countries to submit a plan demonstrating how they would switch their economies from being reliant on fossil fuel to clean energy sources.  […]

In News A sharp decline in the prices of Bitcoin, the collapse of the Terra Luna network and new crypto-tax regulations in India have compounded miseries for investors and the overall industry. However, the sudden market meltdowns turned more intense after the shocking FTX crash. About the news  FTX was one of the largest and […]

In News Recently, according to data furnished by the Reserve Bank of India (RBI), the mega write-off exercise has enabled banks to reduce their non-performing assets (NPAs) or defaulted loans by Rs 10,09,510 crore ($123.86 billion) in the last five years. But, banks have been able to recover only 13 percent of it so far.   […]

In News Recently, the latest draft of the data protection law, the Digital Personal Data Protection Bill, 2022 (DPDP Bill, 2022), has been made open for public comments. Key Points Background: The data protection Bill has been in the works since 2018 when a panel led by Justice B N Srikrishna had prepared a draft […]

In Context Recently, the Kerala High Court set aside the appointment of the Vice-Chancellor of the Kerala University of Fisheries and Ocean Studies (KUFOS).  More about the News The court as listed two specific violations for not accepting the appointment:  The search committee recommended a single name and not a panel of three names; and  […]

In News The Prime Minister recently addressed the ‘No Money for Terror’ (NMFT) Ministerial Conference on Counter-Terrorism Financing. India’s stand at the Conference Standing against Nations using terrorism as a tool of foreign policy: Prime Minister strongly asked to avoid any ambiguity in dealing with terrorism and also warned against nations that use terrorism as […]