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Parakram Diwas: The Union Culture Ministry has announced that January 23, birth anniversary of Subhas Chandra Bose, would be celebrated as “Parakram Divas”, day of courage, every year. 2021 will be 125th birth anniversary of Subhas Chandra Bose. National girl child day: The National Girl Child Day is celebrated in India every year on JanuaryRead more

Root Bridge: Living root bridges (also known as Jing Kieng Jri) are the aerial bridges that are built by weaving and manipulating the roots of the Indian rubber tree. A root bridge uses traditional tribal knowledge to train the roots of the Indian rubber tree (found in abundance in the area) to grow laterally acrossRead more

ECLGS: the emergency credit line guarantee scheme was launched as part of the Aatmanirbhar Bharat Abhiyan package announced in May 2020 to mitigate the distress caused by coronavirus-induced lockdown, by providing credit to different sectors, especially Micro, Small and Medium Enterprises (MSMEs). 100% guarantee coverage is being provided by the National Credit Guarantee Trustee Company,Read more

Swamp Deer: There are three subspecies of swamp deer found in the Indian Subcontinent.The western swamp deer found in Nepal, Southern swamp deer/Hard Ground Barasingha found in central and north India and Eastern swamp deer in the Kaziranga (Assam) and Dudhwa National Parks (Uttar Pradesh). Protection Status of Swamp Deer: IUCN Red List: Vulnerable; CITES:Read more

Nusantara: Indonesia passed a bill replacing its capital Jakarta with East Kalimantan, situated to the east of Borneo island. The new capital city of the country will be called Nusantara. East Kalimantan, where the new capital will be, as per the bill is said to have a world-city vision. It will be designed and managedRead more

Unicorn Company: A unicorn is a term used in the venture capital industry to describe a startup company with a value of over $1 billion. India currently stands third in the global list of the number of companies that have attained unicorn status (well behind the US and China, but ahead of the UK andRead more

Predatory Pricing: is a short-term strategy, adopted by some of the market giants with deep pockets to sustain short-term losses and reduce the prices of their products below the average variable costs. This may lead to wiping out competition from the market and could be detrimental to the consumers in the long run. SAARC currencyRead more

Indian Ocean Rim Association: It is a regional tripartite forum that gathers government representatives, academia and business leaders for encouraging cooperation and greater interaction between them. The organisation is founded upon the values of open regionalism for boosting economic cooperation especially on the realms of trade facilitation, investment, the region’s social development and promotion. Currently,Read more

Currency Swap Agreement: An arrangement between two friendly countries to involve in trading in their own local currencies. As per the arrangements, both countries pay for import and export trade at the pre-determined rates of exchange, without bringing in third country currency like the US Dollar. In such arrangements no third country currency is involved,Read more

Unemployment Rate: The unemployment rate is the most frequent measure of unemployment. The unemployment rate is the number of people unemployed divided by the working population or people working under labour force. Unemployment rate = (Unemployed Workers / Total labour force) × 100. Labour Force Participation Rate: It is defined as the percentage of personsRead more