The 2021 Nobel Prize in Economic Sciences has been awarded in one half to Canadian-born David Card and the other half jointly to Israeli-American Joshua D Angrist and Dutch-American Guido W Imbens. David Card has been awarded for his empirical contributions to labour economics. Joshua D Angrist and Guido W Imbens won the award “for their methodological contributions …

Recently, some researchers studied a meteorite from Katol, Maharashtra which was from the meteor shower of 2012. A meteorite is a solid piece of debris from an object, such as a comet, asteroid, or meteoroid, that originates in outer space and survives its passage through the atmosphere to reach the surface of a planet or moon. …

Recently, the Institute of Economics and Peace (IEP), an international think tank released the Ecological Threat Report (ETR) 2021: Understanding ecological threats, resilience and peace. This is the second edition of the ETR, which covers 178 independent states and territories. The ETR includes the most recent and respected scientific research on population growth, water stress, food insecurity, droughts, floods cyclones, and rising temperature Important …

Recently, the Organisation for Economic Cooperation and Development (OECD) has announced that a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15% has been agreed by 136 countries (including India). The countries behind the accord together accounted for over 90% of the global economy. Important points: GMT is …

Recently, the government has asked the Centre for Development of Telematics (C-DOT) to begin developing 6G and other futuristic technologies to catch up with the global market in time. The next generation telecom technology (6G) is said to be 50 times faster than 5G and is expected to be commercially launched between 2028-2030. Important points: …