Current affairs

Current Affairs 25th July 2024 for UPSC Prelims Exam

Central Drugs Standard Control Organization (CDSCO) Context: The CDSCO disapproved of cough syrup from various pharmaceutical companies. About the Central Drugs Standard Control Organization (CDSCO) The CDSCO is the National Regulatory Authority (NRA) for India's medical devices sector as stipulated...

Editorial of the Day (25 July): Urban Transformation Strategies

Context: The recent budget recognized cities as critical hubs for growth and outlined multiple initiatives aimed at their planned development. Facts Population in Indian Cities: Approximately 50 crore people (36% of the national population). Urban Population Growth Rate: Annual rate...

DMH-11 Genetically Modified Mustard

Context: The Supreme Court ruled against approval of the commercial sale and release of genetically modified mustard in India. DMH-11- A Genetically Modified Mustard Dhara Mustard Hybrid-11 (DMH-11) is a domestically developed transgenic mustard known as a Herbicide Tolerant (HT)...

India’s Defence Budget 2024, Highlights and Comparison with China

In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

Centre allocates ₹1000Cr venture fund to boost Space Economy in India

Context: In the recent Budget 2024, the Finance minister announced Rs.1000 crore venture capital to fund the space economy. Space Economy The space economy refers to the broad range of activities and the use of resources that create value and...

What is Angel Tax? Key Features and Abolition of Angel Tax

Finance Minister Nirmala Sitharman scrapped the angel tax in a bid to strengthen the startup ecosystem and to support innovation in the country. Know all about Angel tax in this article. What is Angel Tax? The angel tax, formally known...

Economic Survey 2024 Released, Check Key Highlights Chapter-wise

The Economic Survey 2024, released on July 22, 2024, a day before the Union Budget, provides an in-depth analysis of India's economy and future outlook. Delayed due to the general election, it was presented by Chief Economic Adviser V. Anantha...

Gig Economy in India, Regulation for Gig Workers

Context: The Karnataka government plans to introduce a bill aimed at improving the welfare of gig workers. What is the Gig Economy? The gig economy refers to a free market system in which temporary positions are commonly characterised by the...

Fire Broke Out On Naval Frigate INS Brahmaputra

INS Brahmaputra, a naval frigate, has been left "listing on its port side" following a fire that broke out during a refit at the Naval Dockyard in Mumbai. The vessel is currently lying on its side, and a junior sailor...

Focus on Female Employment to Counter Unemployment

Context: The India Employment Report (IER) 2024 highlights a complex employment scenario with rising unemployment rates. It was published by the Institute for Human Development and the International Labour Organization. India Employment Report (IER) 2024: Key Findings Unemployment Rate: Increased...