Tag: GS-III

STATE OF INDIA’S ENVIRONMENT IN FIGURES 2025

The Centre for Science and Environment (CSE) and Down To Earth released the State of India’s Environment in Figures 2025. The report highlights critical challenges across environment, agriculture, public health, and human development, using 48 publicly available indicators. No Indian

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INDIA’S BFSI SECTOR

India’s BFSI (Banking, Financial Services, and Insurance) sector, though growing rapidly, faces structural bottlenecks such as: Fragmented regulation Shallow corporate bond market Rising shadow banking risks Low insurance penetration These challenges necessitate comprehensive reforms to ensure sustainable financial sector development

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GLOBAL ADOPTION OF CARBON PRICING MECHANISMS

The World Bank’s 2025 State and Trends of Carbon Pricing Report highlights: Carbon pricing instruments now cover nearly two-thirds of global GDP. The number of operational carbon pricing instruments has increased from 5 in 2005 to 80 in 2025. Emerging

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WILDLIFE (PROTECTION) ACT, 1972

Kerala Government has requested the Union Government to amend the Wildlife (Protection) Act, 1972 (WPA). The aim is to permit controlled killing of wild animals that pose a threat to human life or agriculture. The move comes in light of

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SPECIAL ECONOMIC ZONES (SEZ)

The Ministry of Commerce & Industry has amended SEZ Rules, 2006 to: Encourage investment in semiconductors and electronics component Streamline operations in capital-intensive and high-gestation high-tech sectors. Major upcoming projects: Micron to develop a semiconductor SEZ in Sanand, Gujarat. Aequs

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HIGH SEAS TREATY

The High Seas Treaty, also called the Biodiversity Beyond National Jurisdiction (BBNJ) Treaty, was adopted by UN member states in June 2023. Eighteen additional countries ratified the High Seas Treaty bringing the total to 49 countries; the treaty comes into

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WORLD ECONOMIC SITUATION AND PROSPECTS REPORT

The World Economic Situation and Prospects (WESP) report, mid-2025 update, revised India’s GDP growth forecast for 2025 down to 6.3% (from 6.6% earlier). Despite the downgrade, India remains the fastest-growing major economy. The report is jointly released by the UN

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MINIRATNA STATUS

Ministry of Defence has conferred Miniratna (Category-I) status to three key Defence Public Sector Undertakings (DPSUs): Munitions India Limited (MIL) Armoured Vehicles Nigam Limited (AVNL) India Optel Limited (IOL) Transformation of DPSUs These three entities were carved out of the

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