CHINA DIGITAL CURRENCY EXPLAINED
Context: The news came out that ‘China will be the first country to completely digitalize its currency’. This came out after China’s central bank ‘The Peoples Bank of China’ gave a statement about its digital currency in its 4 major cities Shenzhen, Suzhou, Chengdu, and Xiong’an. McDonald’s and a few major firms gave a nod […]
IMPACT ON ECONOMY: RAHUL WITH RAJAN
Raghuram Rajan, this name needs no introduction. Most of us know that he was a former RBI governor. Apart from this, he was also Chief Economist and Director of research at the International Monetary Fund between 2003-2006. Raghuram Rajan came into limelight after so many days when Congress Party leader Rahul Gandhi made a 30minutes […]
CORONAVIRUS: LOCKDOWN 3.0 SIMPLIFIED
After the Minister of Home Affairs announced to extend the lockdown up to May 17th. There has been confusion among people on what will be opened and what will be closed in their respective zones (Red, Orange, Green). Hope this would clear all your doubts after reading this article. ACTIVITIES THAT ARE RESTRICTED IN ALL […]
CORONAVIRUS: PM CARES FUND
There has been floating of donations to the PM-CARES fund from the day it was started. This has been started to help the nation during the corona crisis. PM-CARES defines Prime Minister’s citizen assistance in an emergency situation. This is a trust formed with Prime Minister as the Chairman. Home Minister, Finance Minister and the […]
WORLD WAR III: Nuclear War Race Which May Lead To World War III
CTBT (Comprehensive Nuclear Ban Test Treaty) has come up in 1996 to ban nuclear testing and control the nuclear war race. But, it was not effective due to cold war politics between the major powers of the world. In 1963 there was a partial treaty to ban underwater and atmospheric testing. But it could only […]
RBI 50,000 CRORE LIQUIDITY TO MUTUAL FUNDS EXPLAINED
As we know, RBI (Reserve Bank of India) has announced INR 50,000 cr liquidity to MF’S (mutual funds). This decision has been taken because a company (Franklin Templeton Asset Management Pvt. Ltd) which runs mutual funds has cleared INR 26,000 cr debt funds. According to AUM (assets under management), Indians have invested a total amount […]
CORONAVIRUS: AROGYA SETU APP
Aarogya Setu is a COVID-19 tracking mobile application developed by the National Informatics Centre that comes under the Government of India. The main purpose of the app is to bring awareness among all the citizens about Health Care. This app mainly consists of self-assessment and updates regarding Covid-19. This is a tracking app that uses […]
CORONAVIRUS VACCINE: UK HUMAN TRAILS
Oxford University research team found a vaccine for the Coronavirus. After completing the lab trails, now the vaccine has been tested on human beings. Many scientific volunteers came forward to take the vaccine. Till then, there are many speculations for the people about how the vaccine works? How long does it take for the vaccine […]
CORONAVIRUS : WHY RAPID TESTING KITS ARE FAILING?
Indian Medical Council has recently ordered the states who are using Rapid Testing Kits from China to stop the testing procedure as these kits have found to deliver inappropriate results. What are Rapid testing kits? How does it find in identifying the virus presence in the body and why are those kits from China found […]
KIM JONG UN: WHAT HAPPENED TO THE NORTH KOREA SUPREMO
After news came out from the US investigating media agency that the North Korea Supreme Leader KIM JONG UN is in grave danger after surgery, people became very keen to know about his whereabouts. In this article, let us know what happened to the North Korea Supremo and what the Korean media is saying about […]
FACEBOOK BUYS STAKE IN RELIANCE JIO EXPLAINED
We know that Facebook just bought a 9.99% stake at JIO for about 44,000 crores ( 5.8B$ ). Facebook now has become JIO’s largest minority stakeholder. Wondering why FB invested in JIO? Remember internet.org? Internet.org is a partnership between social networking services company Facebook and six companies (Samsung, Ericsson, MediaTek, Opera Software, Nokia and Qualcomm) that […]
CRUDE OIL: FALL OF OIL PRICES EXPLAINED
Meaning of a few terms used in the article Brent crude oil: It is the oil extracted from the north sea. It is said sweet and purest form oil as it has very low sulfur content. Indian oil prices depend on Brent crude prices. Futures contract: it is a legal agreement to buy or sell […]