Daily Archives: July 3, 2021

VEMBANAD LAKE

Kerala houseboats in Vembanad Lake are about to begin soon amid a robust vaccination drive. This is the largest lake in Kerala and the longest Lake in India. Important points: Vembanad Lake is also known as Vembanad Kayal, Vembanad Kol, Punnamada Lake (in Kuttanad) and Kochi Lake (in Kochi). Spanning several districts of …

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VALMIKI TIGER RESERVE (VTR)

Recently, 150 vultures were seen in the Valmiki Tiger Reserve (VTR), Bihar, which has prompted a vulture conservation plan in the protected region of VTR. Important points: It is one of the 22 species of large carrion-eating birds that live predominantly in the tropics and subtropics. They act an important function as nature’s garbage collectors and help …

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KRISHNA RIVER MANAGEMENT BOARD (KRMB)

Amid escalating tensions, the Police forces were deployed at various hydel power projects in bordering districts of Andhra Pradesh and Telangana. Andhra Pradesh has complained to the Krishna River Management Board (KRMB) about the drawing of water from the Srisailam project by Telangana for power generation. The KRMB, in its recent orders, had asked …

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OPEN DEFECATION

According to a new report by the Wash Institute (a global non-profit organisation), India was responsible for the largest drop in open defecation since 2015, in terms of absolute numbers. Universal access to water, sanitation and hygiene (WASH) to achieve the United Nations-mandated Sustainable Development Goal (SDG) 6 was also emphasised. WASH WASH is an acronym that stands for the interrelated …

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INDIA’S FOREIGN EXCHANGE (FOREX)

According to the recent data from the Reserve Bank of India, India’s Foreign Exchange (Forex) Reserves surged by $ 5 billion to $ 609 billion in the week ended 25th June, 2021. Increase in the Foreign Currency Assets (FCA) is the major component of overall reserves. Important points: FCA rose by $ 4.7 billion to $ 566 billion. …

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CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS (CBIC)

Recently, the Central Board of Indirect Taxes and Customs (CBIC) decided to felicitate around 54,000 taxpayers to mark the competition of 4 years of Goods and Services Tax (GST). Important points: The introduction of e-way bills coupled with the crackdown on fake invoicing has helped in bringing in a substantial portion of GST revenues, which were either …

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FINANCIAL STABILITY REPORT

Recently, the Reserve Bank of India (RBI) released the 23rd issue of its Financial Stability Report (FSR). The FSR which is published biannually reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC – headed by the Governor of RBI) on risks to financial stability and the resilience of the financial system. The Report also discusses issues …

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