Yearly Archives: 2022

WORLD ELEPHANT DAY

The World Elephant Day is celebrated every year on 12th of August, with the aim to acknowledge Elephants’ significance in our ecosystem. It emphasizes on raising the awareness of the threats that elephants face in their daily lives. Whether poaching, mistreatment in captivity, or habitat loss, every single factor plays a role in animal abuse. Elephants are considered …

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NIPAM

National Intellectual Property Awareness Mission (NIPAM), launched in 2021, has achieved the target of imparting Intellectual Property (IP) awareness and basic training to 1 million students. The target has been achieved ahead of the deadline which was 15 August 2022. The pan-India mission aims to provide awareness on intellectual property and its rights to …

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SURGING OF DAL PRICES IN INDIA

Recently, the Ministry of Consumer Affairs, Food and Public Distribution has invoked the Essential Commodities Act of 1955 to curb tur dal prices surging. States and Union Territories are asked to direct ‘stockholder entities to upload the data of stocks held by them’ on an online monitoring portal of the Department of Consumer Affairs, on a …

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REGULATION OF DIGITAL LENDING

Recently, the Reserve Bank of India (RBI)issued the first set of guidelines for digital lending, to crack down on illegal activities by certain players. Towards addressing concerns that had sprung up, the RBI had constituted a Working Group on ‘digital lending including lending through online platforms and mobile apps’ (WGDL) in January, 2021. The …

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GLOBAL EMPLOYMENT TRENDS FOR YOUTH 2022

Recently, the International Labour Organisation (ILO) has released a report titled “Global Employment Trends for Youth 2022: Investing in transforming futures for young people”. It is the only tripartite United Nation (UN) agency. It brings together governments, employers and workers of 187 member States (India is a member), to set labour standards, develop policies and devise programmes …

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STRATEGIC ARMS REDUCTION TREATY

Recently, Russia suspended United Stated of America’s on-site inspections under New START Treaty with Washington due to Western sanctions and coronavirus infections. New START (Strategic Arms Reduction Treaty) was the last remaining arms reduction pact between the former Cold War rivals and caps to 1,550 the number of nuclear warheads that can be …

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EXCHANGE TRADED FUNDS

In July 2022, Gold Exchange Traded Funds (ETFs) witnessed a net outflow of Rs 457 crore as investors parked their money in other asset classes as part of their portfolio rebalancing strategy. This was in comparison to a net inflow of Rs 135 crore in June 2022. Gold ETF, which aims to track the domestic physical gold …

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ASIA MINISTERIAL CONFERENCE ON TIGER CONSERVATION

India has hosted the Pre-Summit meeting of Tiger Range Countries (TRCs). The Tiger Range Countries Summit is scheduled to be held at Vladivostok, Russia on 5th September 2022. In January 2022, the 4th Asia Ministerial Conference on Tiger conservation was held. India’s National Tiger Conservation Authority has also decided to introduce guidelines for the reintroduction of tigers that can …

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BIODIVERSITY AMENDEMENT BILL, 2021

Recently, a Joint Parliamentary Committee (JPC) that examined the Biological Diversity (Amendment) Bill 2021, has submitted its suggestions on the Bill. The JPC has accepted several amendments made by the Ministry of Environment & Climate Change (MoEFCC). The Biological Diversity Act, 2002 (BDA) was enacted to provide for the conservation of biological diversity, sustainable use of its components, …

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WORLD BIOFUEL DAY

On World Biofuel Day 2022, the government of India announced a 2nd generation (2G) ethanol plant to be set up at the Indian Oil Corporation’s refinery in Haryana. This ethanol plant will help reduce air pollution from the Delhi and the NCR region along with generating additional income and green fuel. World Biofuel Day It is celebrated every year on …

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