What is NASA’s Artemis I Mission? National Aeronautics and Space Administration (NASA) rolled out its Artemis I moon mission to the launchpad for testing at the Kennedy Space Centre in Florida, United States. ARTEMIS: NASA’s Artemis mission is touted as the next generation of lunar exploration, and is named after the twin sister of ApolloRead more
National land monetization corporation: The Union Cabinet has approved the creation of the National Land Monetisation Corporation (NLMC), the Special Purpose Vehicle (SPV) announced in the Union Budget 2021-22. The NLMC will be a firm, fully owned by the government, to carry out the monetisation of government and public sector assets in the form ofRead more
Russia’s offer of cheaper oil is tempting, but India must be cautious: With oil above $100, the government now has to spend twice as much to import oil as it did earlier. Russia has offered to sell oil at lower prices to India. Issues in buying oil from Russia: Impact on India’s export due toRead more
Indigenisation in defence technologies: India’s successive abstentions during votes on Ukraine in the UN Security Council and elsewhere may be hard to justify on moral grounds, but they are certainly rooted in “realpolitik”. Reasons for India’s stance: There is irrefutable logic in the argument that safeguarding the source of 60-70 per cent of its militaryRead more
NABARD: NABARD is a development bank focussing primarily on the rural sector of the country. It is the apex banking institution to provide finance for Agriculture and rural development. Its headquarter is located in Mumbai, the country’s financial capital. It is responsible for the development of the small industries, cottage industries, and any other suchRead more
Reserve Bank Innovation Hub (RBIH): The Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru. It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs. 100 crore. It is is a wholly owned subsidiary of the RBI.Read more
Wings India-2022: The Ministry of Civil Aviation, Airports Authority of India (AAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) is jointly organising Wings India 2022 from 24th – 27th March 2022, Begumpet Airport, Hyderabad, India. It is Asia’s largest event on Civil Aviation (Commercial, General and Business Aviation). It is in synergyRead more
FPO: FPOs are voluntary organizations controlled by their farmer-members who actively participate in setting their policies and making decisions. They are open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. FPOs operatives provide education and training for their farmer-members,Read more
Finlandization: It refers to the policy of strict neutrality between Moscow (Russia) and the West that Finland followed during the decades of the Cold War. The principle of neutrality was rooted in the Agreement of Friendship, Cooperation, and Mutual Assistance (or YYA Treaty, from the Finnish “Ystavyys-, yhteistyo – ja avunantosopimus”) that Finland signed withRead more
Why ‘de-dollarisation’ is imminent De-dollarisation refers to reducing the dollar’s dominance of global markets. It is a process of substituting US dollar as the currency used for: Trading oil and/ or other commodities Buying US dollars for the forex reserves Bilateral trade agreements Dollar-denominated assets The dominant role of the dollar in the global economyRead more
Educrat IAS provides India’s & Kolkata’s best Mentorship for preparation of all services under Civil Services Examination (CSE). We provide extensive and holistic preparation to a small batch of sincere & dedicated UPSC Civil Servant aspirants who aspire & dream to become a part of the coveted Civil Services.
