(Source – The Hindu, International Edition – Page No. – 4) Topic: GS2 – International relations Context India’s recent $750 million currency swap agreement with the Maldives aims to alleviate the island nation’s foreign currency crisis. This partnership emphasises India’s commitment to supporting the Maldives amid its economic challenges. The agreements signed also include launching…
1. Bilateral Investment Treaty between India and the United Arab Emirates, comes into effect (Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2062692®=3&lang=1 ) Context The India-UAE Bilateral Investment Treaty (BIT), effective from August 31, 2024, replaces the expired BIPPA, ensuring investment protection and fostering economic cooperation. This treaty aims to enhance bilateral investments by boosting investor confidence and providing a…
Q1) Critically assess the role of microfinance in satisfactorily addressing the interconnected challenges of poverty and unemployment. (150 Words/10 Marks) ANS Microfinance refers to small loans and other financial services designed, specifically for poor and low-income households who face difficulties in accessing formal finance. RBI has defined microfinance as any collateral-free loan provided to a…
1. Middle path in Middle East (Source: Indian Express; Section: The Ideas Page; Page: 11) Topic: GS2- International Relations Context: The article discusses India’s strategic need to balance its relationships with Iran, Israel, and the Arab world amid rising regional tensions, prioritizing its deeper interests in Arab stability and peace. India’s Strategic Dilemma in the…
1. A re-balancing of India’s great power relations (Source – The Hindu, International Edition – Page No. – 8) Topic: GS2 – International Relations Context India’s participation in the Quad Leaders’ Summit and its diplomatic engagements with Russia highlight its delicate balancing act between strategic alliances with the U.S., Russia, and China. As Russia strengthens…
1. India signs $750-mn currency swap deal with forex-starved Maldives (Source – The Hindu, International Edition – Page No. – 4) Topic: GS2 – International relations Context India’s recent $750 million currency swap agreement with the Maldives aims to alleviate the island nation’s foreign currency crisis. This partnership emphasises India’s commitment to supporting the Maldives…
(Source – The Hindu, International Edition – Page No. – 7) Topic: GS3 – Science and Technology Context ● Researchers at the University of Alberta have developed a groundbreaking ultrasound technique that transforms cancerous tissue into blood-circulating droplets, potentially replacing invasive biopsies. ● This method allows for the detection of cancer biomarkers in blood samples,…
(Source – The Hindu, International Edition – Page No. – 4) Topic: GS2 – International Relations – Bilateral Relations Context ● Maldives President Mohamed Muizzu’s state visit to India comes amid a looming economic crisis and significant debt repayments. ● During his talks with Prime Minister Narendra Modi, he seeks support for currency swaps and…
(Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2062671®=3&lang=1 ) Topic: GS3 – Indian Economy Context ● The Indian government has announced significant developments in the space sector, highlighting a dramatic rise in private sector involvement and startup growth. ● This initiative aims to strengthen India’s position in global space exploration and technology through substantial investments and policy support. Steps Taken…
(Source: Indian Express; Section: Economy; Page: 15) Topic: GS3 – Indian Economy Context: External Affairs Minister S. Jaishankar recently speaking at the kautilya Economic Conclave highlights the implications of globalization and rising protectionism and the challenges faced by the global economy. Amidst escalating US-China trade tensions and India’s anti-dumping measures, Jaishankar emphasized the need for…