Veblen Goods
-Veblen goods are considered exceptions to the law of demand.Law of Demand states that the demand for a good must decrease as its price increases, and vice versa. However, Veblen goods are goods for which demand increases when its price increases, and vice versa.
-Luxury goods like diamonds, whose appeal depends on their exorbitant price, are an example of Veblen goods.
Followed by AIR 1 - Target 140+ Lecture
Check Quality - https://youtu.be/twXRPad-4bg
-Veblen goods are considered exceptions to the law of demand.Law of Demand states that the demand for a good must decrease as its price increases, and vice versa. However, Veblen goods are goods for which demand increases when its price increases, and vice versa.
-Luxury goods like diamonds, whose appeal depends on their exorbitant price, are an example of Veblen goods.
Followed by AIR 1 - Target 140+ Lecture
Check Quality - https://youtu.be/twXRPad-4bg
🔥-Fiat Money
Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
Currency notes and coins are called fiat money. They do not have intrinsic value like a gold or silver coin.
🔥-Fiduciary Money
Fiduciary money refers to money backed up by trust between the payer and payee.
Example: Cheques are fiduciary money as these are accepted as a means of payment on the basis of trust but not on the basis of any order of the government.
Followed by AIR 1 - Target 140+ Lecture
Check Quality - https://youtu.be/twXRPad-4bg
Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
Currency notes and coins are called fiat money. They do not have intrinsic value like a gold or silver coin.
🔥-Fiduciary Money
Fiduciary money refers to money backed up by trust between the payer and payee.
Example: Cheques are fiduciary money as these are accepted as a means of payment on the basis of trust but not on the basis of any order of the government.
Followed by AIR 1 - Target 140+ Lecture
Check Quality - https://youtu.be/twXRPad-4bg
🔥What is Escape Clause?
The Escape Clause is mentioned under Section 4(2) of the Fiscal Responsibility and Budget Management(FRBM) Act.
The Escape Clause allows the Center to breach its fiscal deficit target by 0.5 percentage points in exceptional circumstances.
These exceptional circumstances include:
a) National security
b) war
c) National calamity
d) Collapse of agriculture
e) Structural reforms and
f) Decline in real output growth of a quarter by at least three percentage points below the average of the previous four quarters.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
The Escape Clause is mentioned under Section 4(2) of the Fiscal Responsibility and Budget Management(FRBM) Act.
The Escape Clause allows the Center to breach its fiscal deficit target by 0.5 percentage points in exceptional circumstances.
These exceptional circumstances include:
a) National security
b) war
c) National calamity
d) Collapse of agriculture
e) Structural reforms and
f) Decline in real output growth of a quarter by at least three percentage points below the average of the previous four quarters.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
🔥What is Flash Drought?
-Flash drought refers to a severe drought kind of situation that develops very rapidly (not slowly). Unlike conventional droughts that develop over months, flash droughts intensify very quickly.
-It is widely believed that such flash droughts will occur during the summer months as was reported in the Western countries, mostly driven by heat waves and very high temperature.
But it is found that in India, 82 percent of Flash drought events happen during the monsoon period.
-The scientists found that when there is a monsoon break of 15-20 days, temperatures shoot up. This combination of monsoon breaks and increased temperatures depletes soil moisture very quickly, precipitating a very severe drought.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
-Flash drought refers to a severe drought kind of situation that develops very rapidly (not slowly). Unlike conventional droughts that develop over months, flash droughts intensify very quickly.
-It is widely believed that such flash droughts will occur during the summer months as was reported in the Western countries, mostly driven by heat waves and very high temperature.
But it is found that in India, 82 percent of Flash drought events happen during the monsoon period.
-The scientists found that when there is a monsoon break of 15-20 days, temperatures shoot up. This combination of monsoon breaks and increased temperatures depletes soil moisture very quickly, precipitating a very severe drought.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
What is Aquaponics?
● Aquaponics is a form of agriculture that combines raising fish in tanks (aquaculture) with soilless plant culture (hydroponics).
● Aquaponics is an emerging technique in which both fish as well as plants complement each other to sustain and grow.
● The fish waste provides fertiliser for growing plants. The plants absorb nutrients and filter the water, which is used to replenish the fish tank.
● Benefits of Aquaponics:
○ Extremely water efficient.
○ Does not require soil.
○ Does not use fertilisers or chemical pesticides.
○ Reduces pressure on land and cuts down operational costs among others.
○ It does not require farmland with fertile soil.
○ It provides Food Security and a better source of income for farmers
● Disadvantages: Set up cost in aquaponics is high. Normally an average investment of at least Rs 2.5-3 crore per acre
● Aquaponics is a form of agriculture that combines raising fish in tanks (aquaculture) with soilless plant culture (hydroponics).
● Aquaponics is an emerging technique in which both fish as well as plants complement each other to sustain and grow.
● The fish waste provides fertiliser for growing plants. The plants absorb nutrients and filter the water, which is used to replenish the fish tank.
● Benefits of Aquaponics:
○ Extremely water efficient.
○ Does not require soil.
○ Does not use fertilisers or chemical pesticides.
○ Reduces pressure on land and cuts down operational costs among others.
○ It does not require farmland with fertile soil.
○ It provides Food Security and a better source of income for farmers
● Disadvantages: Set up cost in aquaponics is high. Normally an average investment of at least Rs 2.5-3 crore per acre
Global Methane Initiative(GMI)
● It is an international public-private initiative launched in 2004.It aims to achieve a global reduction in anthropogenic methane emission through a partnership among developed and developing countries having economies in transition.
● Members: It is a voluntary Government and an informal international partnership having members from 45 countries including the United States and Canada. India has been one of the members since its inception.
● Secretariat: It is currently hosted by the U.S. Environmental Protection Agency.
● India has taken up Vice-Chairmanship for the first time in the Steering Leadership along with the USA.
● The Chairperson of the Steering Leadership is from Canada.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
● It is an international public-private initiative launched in 2004.It aims to achieve a global reduction in anthropogenic methane emission through a partnership among developed and developing countries having economies in transition.
● Members: It is a voluntary Government and an informal international partnership having members from 45 countries including the United States and Canada. India has been one of the members since its inception.
● Secretariat: It is currently hosted by the U.S. Environmental Protection Agency.
● India has taken up Vice-Chairmanship for the first time in the Steering Leadership along with the USA.
● The Chairperson of the Steering Leadership is from Canada.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
—————————————————-
#Sankalp_Day_1
Productivity and Consistency - Impact
Sankalp Super 100 Batch 1 - Exam Filtered Content and Accountability .
8830115524
Check Approach - https://bit.ly/2ZnyFy4
#Sankalp_Day_1
Productivity and Consistency - Impact
Sankalp Super 100 Batch 1 - Exam Filtered Content and Accountability .
8830115524
Check Approach - https://bit.ly/2ZnyFy4
SWAMITVA Scheme
● Full Form: Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas
● Nodal Ministry: Ministry of Panchayati Raj (MoPR).
● Type: Central Sector Scheme
● Aim: To establish clear ownership of property in rural inhabited (Abadi) areas by mapping of land parcels using drone technology and providing ‘Record of Rights’ to village household owners with issuance of legal ownership cards (Property cards/Title deeds) to the property owners.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
● Full Form: Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas
● Nodal Ministry: Ministry of Panchayati Raj (MoPR).
● Type: Central Sector Scheme
● Aim: To establish clear ownership of property in rural inhabited (Abadi) areas by mapping of land parcels using drone technology and providing ‘Record of Rights’ to village household owners with issuance of legal ownership cards (Property cards/Title deeds) to the property owners.
Followed by AIR 1 - Target 140+ Lecture
Check Quality- https://bit.ly/2ZnyFy4
#Day_2_Sankalp
Productivity and Consistency - Impact
Sankalp Super 100 Batch 1 - Exam Filtered Content and Accountability .
Check Approach - https://bit.ly/2ZnyFy4
8830115524
Productivity and Consistency - Impact
Sankalp Super 100 Batch 1 - Exam Filtered Content and Accountability .
Check Approach - https://bit.ly/2ZnyFy4
8830115524
📆🔥Most Awaited Session
https://youtu.be/grUyOOw2YwI
🌎🌲Environment For UPSC Prelims 2022
- How to Link Current With Static
https://youtu.be/grUyOOw2YwI
https://youtu.be/grUyOOw2YwI
🌎🌲Environment For UPSC Prelims 2022
- How to Link Current With Static
https://youtu.be/grUyOOw2YwI
Garima Greh
● ‘Garima Greh: A Shelter Home for Transgender Persons’ was launched by the Ministry of Social Justice & Empowerment.
● Aim: To provide shelter to transgender persons, who have been forced to leave their homes or abandoned by the family.
● These shelter homes will be set up with basic amenities like shelter, food, medical care and recreational facilities.
● Besides, it will provide support for the capacity-building/skill development of persons in the Community, which will enable them to lead a life of dignity and respect. They will be run by transgender community-led organisations.
● The first such home was established in Vadodara, Gujarat
● ‘Garima Greh: A Shelter Home for Transgender Persons’ was launched by the Ministry of Social Justice & Empowerment.
● Aim: To provide shelter to transgender persons, who have been forced to leave their homes or abandoned by the family.
● These shelter homes will be set up with basic amenities like shelter, food, medical care and recreational facilities.
● Besides, it will provide support for the capacity-building/skill development of persons in the Community, which will enable them to lead a life of dignity and respect. They will be run by transgender community-led organisations.
● The first such home was established in Vadodara, Gujarat
SAARTHI App
● Launched by: Securities and Exchange Board of India (SEBI)
● Purpose: It is a mobile app that aims to create awareness among investors about the basic concepts of the securities market.
● The app will also explain about KYC process, trading and settlement, Mutual Funds (MF), recent market developments, investor grievances redressal mechanism, etc.
🔴Important Notice Must attend for all- Compulsory Attendance
https://youtu.be/grUyOOw2YwI
● Launched by: Securities and Exchange Board of India (SEBI)
● Purpose: It is a mobile app that aims to create awareness among investors about the basic concepts of the securities market.
● The app will also explain about KYC process, trading and settlement, Mutual Funds (MF), recent market developments, investor grievances redressal mechanism, etc.
🔴Important Notice Must attend for all- Compulsory Attendance
https://youtu.be/grUyOOw2YwI
#Sankalp_Super_100 #Sankalp Karo
🙏🏼🔥Thank you for overwhelming response for Sankalp Program !!
The admissions to Batch 1 is full and closed.
As We are Expanding our team for our upcoming Sankalp Super 100 Prelims Batch 2.
Interested Students Can fill the Form so that You get first Chance to Book the seat in Next Batch.
Fill : - https://bit.ly/3rAjUo4
Thank you Once Again for your support and Trust.
📞8830115524
🙏🏼🔥Thank you for overwhelming response for Sankalp Program !!
The admissions to Batch 1 is full and closed.
As We are Expanding our team for our upcoming Sankalp Super 100 Prelims Batch 2.
Interested Students Can fill the Form so that You get first Chance to Book the seat in Next Batch.
Fill : - https://bit.ly/3rAjUo4
Thank you Once Again for your support and Trust.
📞8830115524
Limitation Law
-The Limitation law was meant to check the accumulation of interest by moneylenders over time.
-The revenue settlements implemented by the British in the Deccan region led to exploitation of the ryots by the moneylenders.
-The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts.
-In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years.
Important Notice Must attend for all- Compulsory Attendance
https://youtu.be/grUyOOw2YwI
-The Limitation law was meant to check the accumulation of interest by moneylenders over time.
-The revenue settlements implemented by the British in the Deccan region led to exploitation of the ryots by the moneylenders.
-The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts.
-In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years.
Important Notice Must attend for all- Compulsory Attendance
https://youtu.be/grUyOOw2YwI
🔥Lonar Lake
-Lonar lake is located in Maharasthra.It is situated in the Deccan Plateau’s volcanic basalt rock.
-It was created by the impact of a meteor 35,000 to 50,000 years ago.
- It is a notified National Geo-heritage Monument.
-The lake is part of Lonar Wildlife Sanctuary which falls under the unified control of the Melghat Tiger Reserve (MTR).
-The water in the lake is highly saline and alkaline, containing special microorganisms like anaerobes, Cyanobacteria and phytoplankton.
Why in the News?
-The Lonar lake has been declared Ramsar site conferred by the International Ramsar Convention on Wetlands.
-It is the second Ramsar site in Maharashtra after Nandur Madhmeshwar Bird Sanctuary in Nashik district.
-Lonar lake is located in Maharasthra.It is situated in the Deccan Plateau’s volcanic basalt rock.
-It was created by the impact of a meteor 35,000 to 50,000 years ago.
- It is a notified National Geo-heritage Monument.
-The lake is part of Lonar Wildlife Sanctuary which falls under the unified control of the Melghat Tiger Reserve (MTR).
-The water in the lake is highly saline and alkaline, containing special microorganisms like anaerobes, Cyanobacteria and phytoplankton.
Why in the News?
-The Lonar lake has been declared Ramsar site conferred by the International Ramsar Convention on Wetlands.
-It is the second Ramsar site in Maharashtra after Nandur Madhmeshwar Bird Sanctuary in Nashik district.
‘Climate of India during 2021’ report by
Anonymous Quiz
46%
MoEFCC + IMD
19%
IMD
11%
WMO
24%
IMD+WMO
Join Today for Most Requested & Important Session on Environment
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