Japan slips behind Germany to World’s 4th Largest Economy

Japan has slipped behind Germany to fourth position among the world’s largest economies in gross domestic product (GDP) terms. Earlier projections suggested Japan could overtake the United States as the biggest economy. However, structural challenges and currency effects have since ..

Category: International / World Current Affairs

Electoral Bonds Scheme Struck Down by the Supreme Court

The electoral bonds scheme was introduced by the Indian government in 2018 as an alternative system for financial donations to political parties aiming to bring transparency in political funding. However recently, 2024 the scheme was struck down by the Supreme ..

Category: Legal & Constitution Current Affairs

What is Lying Flat Lifestyle (tangping) in China?

The “lying flat” lifestyle (tangping) is a minimalist approach to work and life adopted by a segment of Chinese youth in response to bleak economic prospects and societal pressures. Origins The term “lying flat” originated in an April 2021 blog ..

Month: Current Affairs - February, 2024

Category: International / World Current Affairs

RBI Restricts BPSP Transactions over Compliance Fears

The Reserve Bank of India (RBI) has recently directed prominent card networks like Visa and Mastercard to immediately stop enabling commercial transactions by a class of entities called Business Payment Solution Providers (BPSPs) until merchant compliance issues are addressed. RBI ..

Category: Economy & Banking Current Affairs

Bengaluru Receives First Driverless Metro

Major Indian cities are progressing rapid metro rail development by incorporating next-generation driverless train technologies set to transform urban transportation. Both Bengaluru and Chennai have made strides on this front recently. Bengaluru Receives First Driverless Metro The Bangalore Metro Rail ..

Category: India Nation & States Current Affairs

16th Finance Commission Holds first Meeting

The recently constituted 16th Finance Commission of India held its first meeting on February 16th, 2023 chaired by the Commission’s Chairman Dr. Arvind Panagariya. The meeting discussed the Terms of Reference and decided to initiate wide-ranging consultations with various stakeholders. ..

Category: Legal & Constitution Current Affairs

CIAL to establish world’s first green hydrogen plant in airport

Cochin International Airport Limited (CIAL), Kerala has signed an agreement with Bharat Petroleum Corporation Limited (BPCL) for establishing a green hydrogen production facility within CIAL’s premises. The green hydrogen plant on the airport premises will make Cochin International Airport Limited ..

Category: Environment Current Affairs

Daily Current Affairs Quiz: February 16, 2024

11. Recently, the UP government collaborated with which institute to enhance disaster management? [A] IIT Roorkee[B] IIT Kanpur[C] IIT Guwahati [D] IIT Bombay Show Answer Correct Answer: A [IIT Roorkee] Notes:The Uttar Pradesh government is collaborating with the Indian Institute ..

President Approves New Anti-Cheating Law for Public Exams

On February 15 2024, President Droupadi Murmu granted her assent to the Public Examinations (Prevention of Unfair Means) Bill, 2024, clearing the legislation for implementation after passage by both houses of Parliament in the recently concluded Budget session. Public examinations ..

Category: Legal & Constitution Current Affairs

UAE Launches New Generative AI Open-Source Foundation

The advanced Technology Innovation Institute (TII) of the United Arab Emirates has launched the Falcon Foundation, a non-profit organization dedicated to advancing open-source generative AI models. Backed by $300 million funding from TII, its objective is to progress development of ..

Category: Science & Technology Current Affairs