1) SEBI: The Securities and Exchange Board of India owned by the Government of India was established on 12th April 1992 under the Securities and Exchange Board of India Act, 1992 to protect the interests of the investors in securities along with promoting and regulating the securities market. It is Headquartered in Mumbai and works under the administration of Finance Ministry.
2) Asola-Bhatti Wildlife Sanctuary: covers32.71 sq km area lies on the Southern Delhi Ridge of Aravalli hill range, one of the oldest mountain systems of the world, on Delhi-Haryana border.
- An area of 1km around the Asola Bhatti Wildlife Sanctuary in Gurugram and Faridabad is an Eco-sensitive zone.
- The Asola wildlife sanctuary has both floral and faunal diversity.
3) Myopia: Myopia or short-sightedness is turning out to be an epidemic across India, and indeed even more in Southeast Asia.
- Myopia occurs when the eyeball becomes longer, relative to the focusing power of the cornea and the lens; this leads to focus not on the surface of the retina, but at a point before it.
- Myopia (near-sightedness) is also a refractive error. Refractive error is when the eye does not bend (refract) light properly. Light does not focus correctly so images are not clear.
- In myopia, close objects look clear but distant objects appear blurred.
4) Excise duty: it is a form of tax imposed on goods for their production, licensing and sale.
- It is the opposite of Customs duty in sense that it applies to goods manufactured domestically in the country, while Customs is levied on those coming from outside of the country.
- Today, excise duty applies only on petroleum and liquor
5) Indo Pacific Economic Framework: IPEF is an economic framework for enhancing US involvement in Asia. It is to counter the influence of China in the region and fill the vacuum created by not being a partner to TPP and RCEP.
- The IPEF, unlike FTA, is more of a tailor-made mechanism that seeks the benefits of trade partnerships while insulating Americans from the downsides of trade liberalisation.
- Unlike FTAs, it does not include market access commitments such as lowering tariff barriers, as the agreement is more of an administrative arrangement.