Daily Current Affairs

Crypto currency is a form of digital cash that can be exchanged for goods and services. It’s not backed or regulated by governments like traditional “fiat” currency. Instead, cryptocurrency operates with a “blockchain,” also known as a public ledger. Users around the world verify transactions by using their computers to solve complex algorithms. It can be transferred directly from person to person without involving a third party, like a bank. These transactions happen much faster than traditional money transfers and can be done in a matter of seconds. Unlike traditional currency, cryptocurrencies don’t have a physical object that represents value. There aren’t actual coins or bills. These currencies exist entirely within the digital realm. Where Did Crypto currency Come From? Crypto currency was developed in the wake of the 2008 financial crisis as an alternative to existing banking. The idea for this new system was developed by a person, or persons, going by the alias Satoshi Nakamoto...

The lockdown imposed during the pandemic period, banks are likely to witness an increase in  Non-performing assets (NPAs).  Before the lockdown, the gross NPAs were below Rs 10 lakh crore, which is now expected to cross Rs 11 lakh crore by the end of this fiscal year. What are NPAs? A  non performing asset  ( NPA ) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. NPAs are further classified as Substandard, Doubtful and Loss  assets .   Banks  use  write -offs to remove  bad loans  from their balance-sheets and minimise their tax liability. The Finance Minister Mrs Nirmala Sitharaman made a proposal for the ‘bad banks’ in  her Budget speech for 2021  f or the overall welfare of banks. It is advocated that ‘Bank Bank should bt incorporated in private sector for because asset restructuring requires quick decision-making, which may not happen in Public Sector Banks. What is ...

  After seeing the rapidly increasing cases of coronavirus infection , the students and the opposition politicians demanded recently for board exams to be cancelled. And finally , the government has agreed to it. It was decided that the class 10th Board exams would be cancelled and the class 12th board exams will be postponed. The majority of  students are pleaded with the decision. But there is a section of parents and students who are displeased with it.(The section whom the mass journalism pointing to, may be these are the relatives of 10th students who are most upset with exams cancellation😂). Was this verdict right or wrong? If wrong , what decision should the government have taken? let's get to know! The Education Ministry has said that the 10th board results of this year will be evaluated on objective criteria. It is assumed that the objective criteria will be based on internal assessment. Some people will argue that the students who have given a huge ...

India was one of the first countries to recognize Bangladesh and establish diplomatic relations immediately after its independence in December 1971. Hallmarks of India-Bangladesh Relations centre around  Defence Cooperation, Cooperation over Rivers, Economic Relations, Cooperation in Connectivity, Cooperation in Power Sector and hold Partnership on many Multilateral forum including at the UN PM Modi’s visit to Bangladesh on 27 March 2021 Prime Minister Narendra Modi held his first oversees visit during the Corona pandemic to Bangladesh.PM Modi’s visit coincided with celebrations marking the birth centenary of Sheikh Mujibur Rahman and 50 years of Bangladesh’s liberation war. Mr Modi was the only foreign leader invited to attend celebrations marking the golden jubilee of Bangladesh’s independence, and he called for greater bilateral cooperation to confront shared challenges such as terrorism and to boost trade and connectivity. He and his Bangladesh counterpart Sheikh Ha...

  What is 5G technology and how is it different? 5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks. 5G mainly works in 3 bands, namely low, mid and high frequency spectrum — all of which have their own uses as well as limitations. Low band spectrum  This spectrum has shown great promise in terms of coverage and speed of internet and data exchange, the maximum speed is limited to 100 Mbps (Megabits per second). This means that while telcos can use and install it for commercial cellphone users who may not have specific demands for very high speed internet, the low band spectrum may not be optimal for specialised needs of the industry. Mid-band spectrum  This spectrum, offers higher speeds compared to the low band, but has limitations in terms of coverage area and penetration of signals. Telcos and companies, which have taken the lead on 5G, have indicated that this band may be used by industries and specialised factory u...

  US President Joe Biden and Prime Minister Narendra Modi have set up an ambitious agenda to take the bilateral relationship between India and USA to the next level. Modi is the first foreign leader, whom Biden has spoken with beyond neighbours and key NATO allies, reflecting on the significance his administration attaches to ties with India. Thereafter, Biden called leaders of close American allies, including Britain, France, Germany, South Korea and Australia. India and USA have an ambitious agenda for cooperation. India looks forward to working with the new administration and other stakeholders around five areas: Cooperation in healthcare and pharma and COVID-19 management, including affordable medicines and vaccines. The digital space, including information and communication technology, innovation and start-ups. The energy sector, including LNG, renewables, solar that will allow us to combat climate change. Education and knowledge partnership. Cooperation in strategic and defen...

China Signs 25-Year Deal with IRAN   China and Iran signed an overarching deal aimed at charting the course of their economic, political and trade relations over the next 25 years. The Chinese government plans to invest in Iran and buy oil from the Islamic Republic. This will further strain it’s relations with the U.S. The “Comprehensive Strategic Partnership” agreement, signed in Tehran on 27 March 21 by Iranian Foreign Minister Mohammad Javad Zarif and his Chinese counterpart, Wang Yi, has been in the process since 2016, when President Xi Jinping became the first Chinese leader to visit the Iranian capital in over a decade. Beijing’s alliance with Tehran is a challenge to U.S. as it confronts the Chinese challenge. The document can elevate bilateral ties to a new strategic level. The deal focuses on boosting private-sector collaboration and Iran’s role in Xi’s flagship infrastructure and investment program, the Belt and Road Initiative. A draft copy of the accord which surfaced o...