Daily Current Affairs  – 22 June 2022

In News Pink bollworm (PBW) infestation is seen spelling trouble for cotton growers in the Northern States of Punjab and Haryana.  About  Pink Bollworm (Pectinophora gossypiella) It is one of the most destructive pests of cotton. Originally reported in India in 1842, it has spread throughout the cotton-producing countries, causing annual crop losses . It […]

In News  Recently, Sebi has set up an advisory committee on hybrid securities under KV Kamath on issues related to development and regulation of primary and secondary markets of hybrid securities in the country.  Hybrid Security  It is a single financial security that combines two or more different financial instruments.  Hybrid securities, often referred to […]

In News There is a small desert situated in the state of Tamil Nadu. It consists of red sand dunes and is confined to Thoothukudi district. About Red Dunes Location: The dunes are spread over Kuthiraimozhi theri and Sathankulam reserve forest of Tiruchendur taluk, which is located on the shoreline overlooking the Bay of Bengal […]

In News  The Summer Solstice 2022 occurred on 21 June recently. Image Courtesy:NCERT About Summer Solstice The word “solstice” comes from the Latin words “sol” (i.e. sun) and “sistere” (i.e. stationary).  It occurs twice a year.  In the Northern Hemisphere, it happens in June and in the Southern Hemisphere, it occurs in December. Summer Solstice […]

In News Recent study of the bacteria Salmonella Typhi, published in The Lancet Microbe, has found emergence of drug-resistant typhoid strains. Key Findings Typhoid fever causes 11 million infections and more than 100,000 deaths per year.  Typhoid fever is a life-threatening systemic infection caused by the bacterium Salmonella enterica serovar Typhi (commonly known as Salmonella […]

In News Recently, the Ministry of Finance in its latest Monthly Economic Review cautioned the re-emergence of the twin deficit problem in the Indian economy.  About Twin Deficit Twin deficit identity is used to refer to a nation’s current account deficits and a simultaneous fiscal deficit. A fiscal deficit is a budget shortfall. The fiscal […]

In Context Five years after the Goods and Services Tax (GST) came into force, the much-debated indirect tax regime seems to be finally stabilising.  Objectives and need of GST The reasons for adopting a single rate structure in most countries are to have a simple tax system, prevent misclassifications and litigations arising therefrom, and to […]

In News Recently, the government launched the NIPUN (National Initiative for Promoting Upskilling of Nirman workers) scheme to train over 1 lakh construction workers. More about the scheme: The project NIPUN is an initiative of the Ministry of Housing & Urban Affairs (MoHUA) under its flagship scheme of the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission […]

In News Recently the political development in Maharashtra saw a group of MLAs defecting from the state legislative assembly. Anti-defection Law: Origin: Aaya Ram Gaya Ram was a phrase that became popular in Indian politics after a Haryana MLA Gaya Lal changed his party thrice within the same day in 1967.   The anti-defection law was […]