Majority of India’s domestic edible oil consumption is met from imports (~57%)

Highest production of edible oils (global)

1. Palm oil
2. Soybean

India’s production of oil seeds

1. Soybean
2. Rapeseed and mustard
3. Groundnut

Globally, India ranks No. 1 in rice bran oil and castor seed oil production.

(Had to go through all the tables in 200 pages of a NITI Aayog report on edible oils for these 4 posts 😊)

Context for VLSFO - fuel used in ships.

VLSFO - Very Low Sulphur Fuel Oil.

Bill of lading is issued by the ship owner to the cargo owner.

If a ship has sunk within 200 nautical miles from the coast, it’s the responsibility of the ship owner to salvage the ship or pay compensation.

(Nairobi convention on the removal of ship wrecks)

News inspiration - ship accidents off Kerala coast.

Finance Minister is the chairperson of the Financial Stability and Development Council.

FSDC is not a statutory body.

Siang river - Brahmaputra - Adi tribe.

RBI’s risk provisioning and distribution of dividend / surplus to the government is determined by the Economic Capital Framework (ECF)

Context for ‘non-attainment cities’

- Under National Clean Air Programme (NCAP), cities exceeding National Ambient Air Quality Standards (NAAQS), consecutively for five years.

Vice-President election

- Electoral college comprises members of LS and RS, including nominated.

- Members are not bound by the party whip.

Biostimulants do not include Plant Growth Regulators (PGRs).

PGRs are regulated under the Insecticides Act.

The context for Repairability Index is ‘planned obsolescence.’ The problem of selling less durable products to consumers so that they come back to buy a newer model.

(Ministry of Consumer Affairs)

Predatory pricing - when a product or service is priced below its cost to undercut competitors and gain market share.

Regulated by Competition Commission of India.

Both Kaleshwaram and Polavaram projects are on Godavari.

‘Orange Economy’ - generating wealth and jobs through creativity, culture and intellectual property.

(Phrase used by PM)

Natural / geological hydrogen extraction successful case - Mali.

FRP for sugarcane

- Recommended by CACP
- Approved by Cabinet Committee on Economic Affairs.

Payments are regulated under the Essential Commodities Act.

RBI’s ‘domain migration’ directive to banks to cut digital fraud.

What does it mean?

Migration to bank.in domain for all banks, like how we have gov.in for all Government websites.

.in is technically called a ccTLD (Country Code Top Level Domain)