India Becomes World’s Fifth Largest Economy

Context India has become the fifth largest economy in the world, overtaking the United Kingdom (UK), in the last quarter ending March (January-March, i.e., Q4) of the financial year (FY) 2021–22, according to a report of the International Monetary Fund (IMF) released...

Synthetic Biology: Promises and Concerns

The term ‘synthetic biology’ refers to the science of using genetic sequencing, editing, and modification of genes to create unnatural organisms or organic molecules, which could function in living systems. Synthetic biology could also mean ‘re-programming’ natural...

Soft Landing: Meaning and Significance

The term ‘soft landing’ is derived from the aviation industry where it is applied to the landings of an aircraft, hot-air balloon, gliders, or even spacecraft. This term was widely used during the tenure of former chair of the Federal Reserve, Alan Greenspan. The...

Haridwar Declared as the Best Aspirational District

The holy city of Haridwar, Uttarakhand, has been declared as the best aspirational district of India by the NITI Aayog. Haridwar has secured first rank in basic infrastructure theme, and has become entitled to receive an additional allocation of Rs 3 crore from the...

Bond Yield Curve Inversion

A yield curve is a line that is obtained by plotting term to maturity on the x-axis and the yield on the bonds having equal credit quality on the y-axis. The slope of the yield curve gives an idea of future interest rate changes and economic activity. Thus, a yield...

Jobs-Recession Paradox in the US

There has been a consecutive decline in the Gross Domestic Product (GDP) of the US, in the last two quarters. In the first quarter of 2022, the GDP fell to 1.6 per cent, and further declined to 0.9 per cent in the second quarter. These two consecutive quarters of...

Tomato Flu: Some Aspects

Since May 2022, the southern state of Kerala has witnessed an outbreak of a new viral infection known as ‘tomato flu’. The infection has spread to other states including Tamil Nadu, Haryana, and Odisha. According to the health ministry, till August 2022, there were...

India’s Current Account Deficit Surges

India’s trade deficit has risen to a record US$ 31.02 billion in July 2022. This is mainly because of decrease in merchandise exports and sharp rise in India’s imports. There is a three-fold increase in the trade deficit from US$ 10.63 billion trade deficit, reported...

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