Polar Vortex
What is it? A polar vortex is a large area of persistent low pressure, generally located above each of Earth’s polar regions, containing a mass of extremely cold air. Characteristics of Polar Vortex: The direction of the vortex is anti-clockwise. … Continue reading
Impact of Increase in Gold Price
Higher Import Burden: Rising prices increase the import bill for India. Widening Trade Deficit & CAD: Costlier gold imports raise foreign exchange outflow, worsening the current account deficit. Rupee Depreciation: Higher dollar demand for imports weakens the rupee. Inflationary Pressure: … Continue reading
Antarctic Treaty
Need To Know The Antarctic Treaty establishes Antarctica as a zone dedicated to peace and scientific research and promotes international cooperation. It treats Antarctica as part of the global commons. It prohibits military activity, nuclear testing, and the disposal of … Continue reading