CURRENT AFFAIRS

Bio-economy refers to the knowledge-based production and utilization of biological resources, such as plants, animals, micro-organisms, and related processes, to generate sustainable goods and services. 

India’s port sector is a vital pillar of the country’s economic infrastructure.

Angel Tax is the income tax levied on the capital raised by unlisted companies (typically startups) when they issue shares to investors at a price higher than the Fair Market Value (FMV) of the shares. 

India's startup ecosystem refers to the vibrant and dynamic network of entrepreneurs, startups, investors, incubators, accelerators, and supporting entities that drive innovation, business growth, and job creation in the country. 

Indus River System is a major river system of the Indian subcontinent.

The B-Ready Index is a global data collection and analysis initiative by the World Bank Group, designed to assess and improve the business and investment climate worldwide.

28 April is celebrated as “World Day for Safety and Health at Work”.

A Living Wage refers to the minimum level of income necessary for a worker and their family to afford a basic but decent standard of living. 

The gig economy refers to a labour market where individuals undertake temporary, freelance, or on-demand jobs, often mediated by digital platforms such as Uber, Ola, Swiggy, Zomato, UrbanClap, Upwork, and Freelancer. 

The Insurance Regulatory and Development Authority of India (IRDAI) was established following the recommendations of the Malhotra Committee (1994), which critically examined the need for structural reforms in the insurance sector.