Chagos Archipelago

The Chagos Archipelago consists of over 60 small islands located in the central Indian Ocean, south of the Maldives, and east of Seychelles. The largest island, Diego Garcia, hosts a key US-UK military base. It is the world’s largest marine … Continue reading →

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Mathikettan Shola National Park

Location: Idukki district, Kerala (Part of Western Ghats). Vegetation: Montane evergreen (shola) forests Fauna: Lion-tailed macaque, Nilgiri tahr, gaur, sambar, and elephants Note: One of the smallest national parks in Kerala. Conservation: Lies within the UNESCO World Heritage-listed Western Ghats. … Continue reading →

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Dedicated Freight Corridor (DFC)

It is a high-speed and high-capacity railway corridor that is exclusively meant for the transportation of freight Two Points Eastern Dedicated Freight Corridor (EDFC) It starts at Sahnewal (Ludhiana) in Punjab and ends at Dankuni in West Bengal. The EDFC … Continue reading →

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Carbon Credit Trading Scheme and Carbon Border Adjustment Mechanism (CBAM)

Carbon Credit Trading Scheme The Carbon Credits Trading Scheme (CCTS) is a market-based mechanism to reduce greenhouse gas (GHG) emissions by creating a national carbon market. It enables industries to trade carbon credits, thereby encouraging cost-effective emission reductions. CCTS is … Continue reading →

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Defence Acquisition Council (DAC)

The DAC is the highest decision-making body of the Defence Ministry on procurement. Objective: To ensure expeditious procurement of the approved requirements of the armed forces. Formation: It was formed after the Group of Ministers’ recommendations on ‘Reforming the National … Continue reading →

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Variable Rate Repo (VRR)

VRR  is a type of liquidity adjustment tool used by the RBI, where banks can borrow funds for  short term at market-determined interest rates through an auction mechanism. How it works? RBI conducts VRR auctions where banks bid for funds, … Continue reading →

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