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What is a Countercyclical Capital Buffer (CCyB) for Banking

●What is a Countercyclical Capital Buffer (CCyB) for Banking•It intends to protect the banking sector against losses that could be caused by cyclical systemic risks increasing in the economy•It promotes a sustainable provision of credit to the economy by making the banking system more resilient and less pro-cyclical•The rule was first introduced in Basel III […]

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Wimbledon championships Postponed due to Covid-19

●Wimbledon championships Postponed due to Covid-19•Grand Slam Tournaments•There are the four most important annual tennis events and each tournament is played for about two weeks.1. Australian Open•It takes place in mid-January [Played in hard courts]2. French Open•It is also known as the Roland-Garros de Paris.•It takes place in May and June. [Played on clay court.]3. Wimbledon•It takes place in June […]

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Electronics Manufacturing Clusters (EMC 2.0) Scheme

●Electronics Manufacturing Clusters (EMC 2.0) Scheme•Recently, the government notified three schemes involving total incentives of around Rs 48,000 crore for electronics manufacturing•The schemes are expected to1. Attract Rs 1 lakh crore investment in the sector.2. Boost local electronics manufacturing and generate manufacturing revenue potential of Rs 10 lakh crore by 2025.3. Create 20 lakh direct […]

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Jammu and Kashmir’s Domicile Rules

●Jammu and Kashmir’s Domicile Rules•Recently, the Ministry of Home Affairs (MHA) has issued the Jammu and Kashmir Reorganisation (Adaptation of State Laws) Order, 2020•It amended 109 laws and repealed 29 laws of the erstwhile State and inserted the ‘domicile’ clause in the Jammu and Kashmir Civil Services (Decentralisation and Recruitment) Act, 2010•The clause for ‘permanent […]

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Anti-smog guns in Delhi

●Anti-smog guns in Delhi •Anti-smog gun is a device that sprays nebulised water droplets into the atmosphere to reduce air pollution.•It can spray water up to a height of 50 metres and the results were positive as the spray acts like rain and settles dust particles and also PM 2.5.•On January 13, the Supreme Court […]

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