Blog

1) Nutrient Based Subsidy (NBS) Scheme: The NBS scheme is being implemented since 2010 by the Department of Fertilisers, Ministry of Chemicals and Fertilisers. Under the scheme, fertilisers are provided at subsidised rates based on the nutrients contained, namely Nitrogen (N), Phosphate (P), Potash (K) and Sulphur (S). It does not include urea-based fertilisers. Moreover,Read more

1) Terms related to crypto market: “Rout” means when people sell cryptocurrency in a panic, causing prices to fall sharply. “Contagion” means the danger of a collapse in one market affecting other markets, financial institutions, and the overall economy 2) ZERO SHADOW DAY: A sub-solar point is when the sun is directly overhead at aRead more

1) First Information Report (FIR): It is a written document prepared by the police when they receive information about the commission of a cognizable offence. The term FIR is not defined in the Indian Penal Code (IPC), Code of Criminal Procedure (CrPC), 1973, or in any other law. However, in police regulations or rules, informationRead more

1) Ponzi Scheme: It is a fraudulent investing scam promising high rates of return with little risk to investors. It works like a pyramid scheme and generates returns for older investors by acquiring new investors, who are promised a large profit at little to no risk. It relies on a constant flow of new investmentsRead more

1) ‘Nagastra’: It is India’s first indigenous loitering munition which can strike enemy targets with precision. It has an indigenous content of more than 75 per cent. It has been designed and developed by Economics Explosives Ltd (EEL), a 100 per cent subsidiary of Solar Industries Nagpur, in association with Z-Motion, Bangalore. It can neutralizeRead more

1) C+C5: China convened an online meeting of trade ministers of the grouping known as C+C5 — China and the five Central Asian republics, namely Uzbekistan, Kazakhstan, Tajikistan, Turkmenistan, and Kyrgyzstan. The first C+C5 summit was held in virtual format last year, to commemorate the 30th anniversary of diplomatic relations. Diplomatic relations were established inRead more

1) Hakki-Pikki tribe: They are a semi-nomadic tribal group belonging to the state of Karnataka. The community is known as the ‘bird catcher,’ which is their traditional occupation. The population is predominantly found in the Shivamogga, Davanagere and Mysuru districts Their mother tongue was designated as ‘Vaagri’ and is listed as endangered language by UNESCO.Read more

1) Limited Purpose Clearing Corporation: It is an entity established to undertake the activity of clearing and settlement of repo transactions. The disputes arising between clearing members of the LPCC will be settled by conciliation and/or by an arbitration panel consisting of three clearing members, other than the clearing members who are party to theRead more

1) Blastomycosis: It is an infection caused by a fungus of the genus Blastomyces. It is found in moist soil and decomposing wood and leaves in US and can get dispersed in the air and travel freely. Human beings can contract blastomycosis by inhaling the spores. It is not contagious between animals and people throughRead more

1) G7: It is an intergovernmental organisation of leading industrialised nations formed in 1975. Member countries: Canada, France, Germany, Italy, Japan, the UK and the United State. It meets annually to discuss issues such as global economic governance, international security, and energy policy. The host of the G7 summit, the presidency, rotates annually among memberRead more