GS PAPER II NEWS

Sedition Law

Why in News

Recently, the Supreme Court stated that “it is time to define the limits of sedition”.

Key Points

Sedition

Section 124A in the Indian Penal Code

Validity of Section 124A in the Indian Penal Code

Section 505 in the Indian Penal Code

GS PAPER III

Gross Domestic Product

Why in News

India’s Gross Domestic Product (GDP) contracted by 7.3% in 2020-21.

Key Points

Gross Domestic Product (GDP)

Gross Value Added (GVA)

National Statistical Office (NSO)

GS PAPER III

Fiscal Deficit

Why in News

As per data from the Controller General of Accounts (CGA), India recorded a fiscal deficit of 9.2% of GDP in 2020-21, narrower than the revised estimate of 9.5%.

Key Points

Fiscal Deficit

GS PAPER III

Index of Eight Core Industries

Why in News

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is released Index of Eight Core Industries (ICI) for the Month of April, 2021.

Key Points

Highlights of Index of Eight Core Industries of April 2021

Products Status from April 2020 to 2021 Index during April-March 2020-21
Coal production Increased by 9.5% Declined by 46.0%
Crude Oil production Declined by 2.1% Declined by 4.6%
Natural Gas production Increased by 25% Declined by 1.1%
Petroleum Refinery production Increased by 30.9% Declined by 8.2%
Fertilizer’s production Increased by 1.7% Increased by 1.5%
Steel production Increased by 400.0% Declined by 20.7%
Cement production Increased by 548.8% Declined by 15.2%
Electricity generation Increased by 38.7% Declined by 3.3%

Eight Core Industries

Index of Eight Core Industries

GS PAPER III

AmbiTAG

Why in News

Indian Institute of Technology, Ropar (IIT Ropar) in Punjab has developed a first-of-its-kind IoT device – AmbiTag.

AmbiTag

AWaDH (Agriculture and Water Technology Development Hub)

GS PAPER III

Vaccination key to Economic Health

Why in News

The economic impact of the second wave of the COVID­19 pandemic may not be very large at this point but curbing the pandemic through swift vaccination and strict COVID­19 protocols is imperative to revive economic activity.

Key Points

‘Immense uncertainty’

Impact of restrictions

 

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