Current Affairs-07 July 2023 (SCO, Tomato etc)

The Current Affairs of the world is changing fast and rapidly in the Artificial Intelligence (AI) era. Being updated on the essential matters that shape the world is not an option but rather a necessity. Hence, we at newsviraldaily.com are updating you on the important issues that came into the news on 7th July 2023. … Read more

India and France Relations – Rafale, Bastille Day.

France witnessed a two-day high-profile visit of PM Modi. He also attended the bastille day celebration in France. India and France relations are time tested and there has been no major strain in the relationships since 1998 which marked the beginning of a ‘total convergence’ relationship. France which is the largest country in Europe holds … Read more

Decarbonisation in India and Net Zero Targets Zero waste Economy

The Energy Transition Advisory Committee (ETAC), functioning under the Ministry of Petroleum & Natural Gas (MoP&NG), has published a report titled ‘The Green Shift: The Low Carbon Transition of India’s Oil & Gas Sector’ for Decarbonisation of the Indian Economy. ETAC as a body was formed to suggest the energy transition models for Oil & … Read more

Cyclone Biparjoy-Types, Causes, Effects, Naming and Threat

What is Cyclone Biparjoy? Biparjoy Cyclone is about to land on the Gujrat and Karachi coasts after a period of 25 years. Cyclone is an intense accumulation of dense air around a very low-pressure system in tropical and temperate regions known as frontogenesis. However, Indian Ocean littoral countries mainly experience tropical cyclones like Biparjoy named … Read more

Liberalised Remittances Scheme (LRS) – why it is good

The Reserve Bank of India (RBI) is all set to develop new Tax Collection at Source (TCS) norms under Liberalised Remittances Scheme (LRS). Also, commercial banks are developing systems to track spending on outward remittances. The outward remittances under LRS stood at $27,140.65 million for the financial year 2022-23 and $19,610.77 million for FY 2021-22. … Read more

Indian Space Policy 2023-Vision, Strategy, Merits, Aims and guide

In April 2023, the Government of India launched its new Space Policy to ensure a transition towards enhanced Non-Government Entities (NGEs) participation. It also promotes the role of the government to provide regulatory certainty to all the stakeholders in the Indian space domain. In this article, we will discuss how the new space policy shapes … Read more

Natural Gas, Indian Economy, Effects of Climate Change on Economy

Natural gas is one of the major steps and the cheap alternative to oil for transition towards the cleaner solutions and fuels. India’s natural gas intake got reduced to 6% in FY23 concerning FY22. This is a matter of concern for India’s vision of a gas-based economy. A gas-based economy means the dominance of natural … Read more