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CURRENCY DEPRECIATION

The Indian rupee fell to an all-time low of 77.44 against the U.S. Dollar. Currency depreciation is a fall in the value of a currency in a floating exchange rate system. Rupee depreciation means that the rupee has become less valuable with respect to the dollar. It means that the rupee is now weaker …

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RABINDRANATH TAGORE

The Prime Minister on 9th May, 2022 paid tribute to Gurudev Rabindranath Tagore on his birth anniversary. According to the Bengali calendar, the Tagore Jayanti falls on the 25th day of the Boishakh month. Rabindranath Tagore He was born in Calcutta on 7th May 1861. He was also referred to as ‘Gurudev’, ‘Kabiguru’, and ‘Biswakabi’. He …

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CYCLONE ASANI

The India Meteorological Department (IMD) has predicted the Cyclone Asani to intensify into a ‘severe cyclone’ over Southeast regions of Bay of Bengal. The name Cyclone Asani has been given by Sri Lanka. It means ‘wrath’ in Sinhalese. Cyclones that Hit India in 2020-21: Tauktae, Yaas, Nisarga Amphan Occurrence of Cyclones in India India has a bi-annual cyclone season that occurs between March …

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WET BULB TEMPERATURE

The recently published Intergovernmental Panel on Climate Change (IPCC) Report AR6 (Sixth Assessment Report) has emphasised that humidity is very important factor while estimating the physiological stress that extreme heat puts on the human body. Instead of the “dry bulb” temperaturewhich is usually measured using a regular thermometer, an alternative metric known as the “wet bulb …

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NATIONAL FAMILY HEALTH SURVEY -5

Recently, the National Report of the 2nd phase of fifth round of National Family Health Survey (NFHS-5) was released. The National Family Health Survey (NFHS) is a large-scale, multi-round survey conducted in a representative sample of households throughout India. It comprises detailed information on key domains of population, health and family welfare and …

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PRADHAN MANTRI GARIB KALYAN ANNA YOJANA

Recently, the Ministry of Consumer Affairs, Food and Public Distribution revised the PMKGAY (Pradhan Mantri Garib Kalyan Anna Yojana) allocation of rice and wheat for all the 36 states/UTs for the remaining five months — from May to September 2022. PMGKAY is a part of Pradhan Mantri Garib Kalyan Package …

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GREY SLENDER LORIS

Recently, scientists from the Salim Ali Centre for Ornithology and Natural History (SACON) in Coimbatore carried out a survey of Grey slender loris populations in Tamil Nadu’s Dindigul forest division. The Grey slender loris belongs to the family Loridae. It is a species of primate. It has got a lean …

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PM FORMALISATION OF MICRO FOOD PROCESSING ENTERPRISES SCHEME

Recently, the Ministry of Food Processing Industries and NAFED (National Agricultural Cooperative Marketing Federation of India Limited) launched Three One District One Product (ODOP) brands under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme The Ministry of Food Processing Industries has signed an agreement with NAFED for …

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PURCHASING MANAGERS INDEX

According to the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), India’s manufacturing sector recorded a slight acceleration in new orders and output which rose to 54.7 in April 2022 from 54 in March 2022. April data showed a rebound in new export orders, following the first contraction for nine …

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REPO RATE

The Reserve Bank of India’s Monetary Policy Committee (MPC) has increased the policy Repo Rate by 40 basis points to 4.40%, with immediate effect and Cash Reserve Ratio (CRR) of banks by 50 basis points to 4.5% of Net Demand and Time Liabilities (NDTL). This is the first increase in …

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