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(PRELIMS + MAINS FOCUS)


Consumer Protection (Direct Selling) Rules, 2021

Part of: Prelims and GS-III -Economy

Context Central Government in exercise of the powers conferred by Consumer Protection Act, 2019 has notified the Consumer Protection (Direct Selling) Rules, 2021.

Key takeaways 


Corbevax vaccine and antiviral drug Molnupiravir

Part of: Prelims and GS-II Health

Context India has approved two more COVID-19 vaccines and the antiviral drug Molnupiravir under emergency use authorisation.

Key takeaways 


Securities and Exchange Board of India

Part of: Prelims and GS-III Economy

Context  the Securities and Exchange Board of India, approved a ceiling of 35% on the Initial Public Offering (IPO) proceeds to be used to make unspecified acquisitions.

The Securities and Exchange Board of India (SEBI) 


e-Shram portal

Part of: Prelims and GS II – Policies and interventions 

Context The Centre’s e-Shram portal crossed the 15-crore mark recently.

e-Shram portal 

Place in news: Latakia port


(News from PIB)


2021- A Year of Game Changing Reforms for Ministry of Textiles

Part of: Prelims 

India has the unique advantage of the entire value chain for textile production present within the country vis-à-vis other competing nations which have to import fibre, yarn and fabric to meet their requirement for garment production. It has a large market, which is growing rapidly with affordable manpower. 

Supporting Factors

Game changing Reforms

News Source: PIB


India has achieved its NDC target with total non-fossil based installed energy capacity

Part of: Prelims and Mains GS-III: Energy and Climate Change

In News: India has achieved its NDC target with total non-fossil based installed energy capacity of 157.32 GW which is 40.1% of the total installed electricity capacity.

News Source: PIB


Year-End- Review-2021- Ministry of Science and Technology

Part of: Prelims and Mains GS-III: Science and Technology

Context: The year 2021 brought some unprecedented challenges for humankind. DST and its autonomous institutions geared themselves up to help India deal with the challenges. The department also implemented the lessons learnt last year through COVID-19 pandemic to reach out to the world with STI solutions that brought about positive transformations in every sphere, be it healthcare, sustainability, energy efficiency, Climate change, food production or even in terms of the way we work.  

News Source: PIB


(Mains Focus)


SCIENCE & TECH/ INTERNATIONAL

James Webb Space Telescope

Context: The James Webb Space Telescope (JWST), hurled into space by the Ariane 5 rocket from European Space Agency’s Spaceport in French Guiana, South America, on December 25, is en route to its destination. 

Why are telescopes in space? 

Why is JWST an infrared telescope? 

Will JWST see better than Hubble? 

How far can JWST peer into the past? 


ECONOMY/ GOVERNANCE

Expected Economic Recovery

Context: By October 2020, official data confirmed that the Indian economy had gone into a technical recession. But since then, the gross domestic product (GDP) has been clawing its way back. 

Pic courtesy: IE

K-shaped recovery

Unemployment concerns

Private consumption slump

Widening inequalities

Persistently high inflation

Indian economy: What lies ahead in 2022

Four factors that are likely to play a crucial role in how the economy shapes up in 2022:


(TEST YOUR KNOWLEDGE)


Model questions: (You can now post your answers in comment section)

Q.1 Consider the following statements regarding Vaccines recently approved in India:

  1. Corbevax, to be made by Hyderabad-based Biological E, is a nanoparticle-based vaccine.
  2. Covovax, to be manufactured by the Serum Institute of India, Pune, is a protein subunit vaccine.

Which of the above is or are correct? 

  1. 1 only 
  2. 2 only 
  3. Both 1 and 2 
  4. Neither 1 nor 2 

Q.2 Which of the following is the function of SEBI?

  1. Drafting regulations 
  2. Passing rulings and orders 
  3. Conducting investigation and enforcement action
  4. All of the above

Q.3 e-shram portal comes under which of the following Ministry?

  1. Ministry of Labour & Employment
  2. Ministry of Home affairs
  3. Ministry of Finance
  4. Ministry of Commerce

ANSWERS FOR 29th Dec 2021 TEST YOUR KNOWLEDGE (TYK)

1 D
2 D
3 A

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