Why in news? Amid ongoing attacks by Houthis on ships linked to Israel in the Red Sea, Israeli Transport Minister Miri Regev has unveiled an alternative trade route via the Mundra port in Gujarat. What events are unfolding in the Red Sea? Yemen’s Houthi rebels have been targeting ships associated with Israel in the Red … Read more
Why in news India has taken a significant stride towards eradicating Kala Azar, the second deadliest parasitic disease in the country after malaria. In 2023, India successfully met the goal of reporting fewer than one case per 10,000 people in all regions. Decline in Kala Azar Cases in India: In 2023, India reported 595 cases … Read more
Why in news Albania’s Foreign Minister Announces Plans for Embassy in New Delhi; India to Establish Diplomatic Mission in Tirana. About Albanian Albania, officially known as the Republic of Albania, is a country located in Southeastern Europe on the Balkan Peninsula. It shares borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia … Read more
Why in News? During the 28th Financial Stability and Development Council (FSDC) meeting, the Finance Minister urged financial sector regulators to intensify efforts in curbing the proliferation of unauthorized online lending apps. What is Financial Stability and Development Council (FSDC)? About: Established in 2010 by the Government of India, the FSDC is an apex-level body … Read more
Why in News? India recently contributed USD 1 million to the IBSA Fund, highlighting its commitment to fostering cooperation among emerging economies. This fund supports joint projects in trade, technology, and sustainable development, aligning with shared goals of India, Brazil, and South Africa. About IBSA Fund Establishment and Operationalization: The IBSA Fund was established in … Read more
Why in news? In a significant advancement for the Indian Navy, the Cabinet Committee on Security has approved the procurement of more than 200 BrahMos missiles, extended-range supersonic cruise missiles for deployment on its naval vessels. BrahMos Aerospace: Advancements, Strategic Deals, and Global Expansion BrahMos Aerospace and its Capabilities: BrahMos Aerospace is a joint venture … Read more