Syllabus
Context: WPI slips into negative territory for the first time in three years, falls -0.92% in April
About the news:
What is WPI?
WPI vs CPI
Parameters | WPI | CPI |
Indicates | average change in prices of commodities at the wholesale level. | average change in the prices of commodities at the retail level. |
Prices paid by | Manufacturers and dealers | Consumers |
Goods & Services | Only goods are covered | Goods and services both are covered |
Released by | Office of Economic Advisor (Ministry of Commerce & Industry) | · National Statistical Office (NSO) (Ministry of Statistics and Programme Implementation) calculates CPI (Rural/Urban/Combined)
· Labour Bureau calculates CPI for Industrial Workers (IW), Agricultural Labour (AL) and Rural Labour (RL). |
Types of Commodities covered | Manufacturing inputs and intermediate goods like minerals, machinery basic metals, etc. | Education, transportation, recreation, apparel, foods and beverages, housing and medical care |
Base year | 2011-12 | 2012 |
Note: CPI is chosen by RBI as the key indicator of inflation and is more important in policy making.
Source: NewsOnAir
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Context: Eretmoptera murphyi, a tiny flightless insect has come to be an invasive species in Antarctica and is now changing the soil composition and ecosystem there.
About Eretmoptera murphyi
Source: DTE
Syllabus
Context: The 4th edition of INDIA-INDONESIA BILATERAL EXERCISE SAMUDRA SHAKTI – 23 commenced recently.
About Exercise:
Other Exercises with Indonesia:
Source: PIB
Syllabus
Context: The government plans to introduce a new mechanism whereby companies and individuals accused of economic offences will be assigned a unique code called the ‘Unique Economic Offender Code’.
About Unique Economic Offender Code:
What is the benefit from such a classification?
What is the National Economic Offence Records (NEOR)?
Source: Times now
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Context: Goans are worried after the Central Water Commission (CWC) approved the Detailed Project Report (DPR) for Karnataka’s Kalasa Bhandura canal to divert water from the upper reaches of Mahadayi to the Malaprabha basin.
About Mahadayi river:
What is the Kalasa-Banduri project and Mandovi river dispute?
Importance of Mandovi to Goa:
Source: Indian Express
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Context: CCPA asks e-commerce sites to stop selling car seat belt alarm stoppers
About CCPA:
Source: Indian Express
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Context: The Assam government successfully conducted an eviction drive at Burachapori Wildlife Sanctuary
About Burachapori Wildlife Sanctuary
Source: The Print
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Context: The Ministry of Ports, Shipping and Waterways (MoPSW) has secured the second position among 66 ministries in the highly influential Data Governance Quality Index (DGQI) assessment for 2022-2023 (Q3)
About Data Governance Quality Index (DGQI):
Objectives:
3 key pillars: The DGQI assessment covers three key pillars of data preparedness:
Source: The Print
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Context: Santiniketan in West Bengal has been recommended for inclusion in UNESCO’s World Heritage List.
About Santiniketan:
About World Heritage Sites:
About Nomination process:
10 criteria for determining Outstanding Universal Value (OUV):
About ICOMOS
World Heritage Sites in India:
Image Source: Tourmyindia
News Source:Times of India
Syllabus
Context: Karnataka Legislative Assembly elections’ results were released recently. There were allegations that Electronic Voting Machines (EVMs) from South Africa were being used for voting.
About Electronic Voting Machines (EVMs):
Voter verifiable paper audit trail (VVPAT):
Advantages of electronic voting machines:
Concerns of using electronic voting machines:
Suggestive Measures:
Source: Indian Express
Q.1) Burachapori Wildlife Sanctuary is located in
Q.2) Consider the following statements regarding the Central Consumer Protection Authority (CCPA):
Which of the statements given above are correct?
Q.3) The Mandovi/Mahadayi River Water Dispute associated with
Comment the answers to the above questions in the comment section below!!
ANSWERS FOR ’ 17th May 2023 – Daily Practice MCQs’ will be updated along with tomorrow’s Daily Current Affairs.st
Q.1) – a
Q.2) – d
Q.3) – a