8th September, 2022 The Hindu Extra Information

 Egregiously: in an outstandingly bad way; shockingly.


the likely course of a medical condition.

an opinion, based on medical experience, of the likely course of a medical condition.

a forecast of the likely outcome of a situation

The U.S.-India Business Council India (USIBC) , India Ideas Summit,  held on September 7, 2022 at the Taj Palace Hotel, New Delhi.

About U.S.-India Business Council (USIBC) 

Established in 1975 at the behest of the U.S. and Indian Governments, the U.S.-India Business Council (USIBC) represents hundreds of top global companies operating across the United States, India, and the Indo-Pacific.

The topics and themes of discussion at the 47th India Ideas Summit will include:

  • Indo-Pacific- Strengthening the U.S.-India partnership in the context of the Indo-Pacific and a dynamic, competitive strategic environment. 
  • Future of Energy- Driving U.S.-India cooperation to achieve energy security and seek pathways for climate-sensitive development. 
  • Digital Economy- Leveraging U.S.-India tech convergence for a healthier digital economy. 
  • Social Development- Demonstrating how multinational corporations can promote social progress and gender equality in the U.S.-India corridor.

Definition of hologram: a three-dimensional image reproduced from a pattern of interference produced by a split coherent beam of radiation

How does a green tariff work?

A green tariff means that some or all of the electricity you buy is ‘matched’ by purchases of renewable energy that your energy supplier makes on your behalf. These could come from a variety of renewable energy sources such as wind farms and hydroelectric power stations.

Disquiet: a feeling of worry or unease.

Corporate Social Responsibility (CSR)

Does the CSR have a Legal-backing in India?

In India, the concept of CSR is governed by clause 135 of the Companies Act, 2013.

India is the first country in the world to mandate CSR spending along with a framework to identify potential CSR activities.

The CSR provisions within the Act is applicable to companies with an annual turnover of 1,000 crore and more, or a net worth of Rs. 500 crore and more, or a net profit of Rs. 5 crore and more.

The Act requires companies to set up a CSR committee which shall recommend a Corporate Social Responsibility Policy to the Board of Directors and also monitor the same from time to time.

The Act encourages companies to spend 2% of their average net profit in the previous three years on CSR activities.

What Activities can be Undertaken by A Company under the CSR?

Specified under Schedule VII of the Companies Act 2013, these activities include:

Eradicating extreme hunger and poverty

Promotion of education, gender equality and empowering women

Combating HIV-AIDS and other diseases

Ensuring environmental sustainability

Contribution to the PM’s National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief.

The 11thDefence Technology and Trade Initiative (DTTI) Group meeting between India and the United States (US) was held virtually on November 09, 2021. The meeting was co-chaired by Secretary (Defence Production) Shri Raj Kumar from Ministry of Defence, Government of India and PTDO (Performing the Duties of) Under Secretary of Defence for Acquisition and Sustainment from US Department of DefenceMr Gregory Kausner.

The DTTI Group meetings are normally held twice a year, alternating between India and the US. However, this DTTI meeting was held via Video Teleconferencing consecutively for a second time on account of the COVID-19 pandemic.

The aim of the DTTI Group is to bring sustained leadership focus to the bilateral defence trade relationship and create opportunities for co-production and co-development of defence equipment.

Anti-Satellite Missile Test (ASAT)

Anti-satellite weapons (ASAT) are space weapons designed to incapacitate or destroy satellites for strategic or tactical[1] purposes. Several nations possess operational ASAT systems. Although no ASAT system has yet been utilised in warfare, a few countries (China, India, Russia, and the United States) have successfully shot down their own satellites to demonstrate[2] their ASAT capabilities in a show of force.[3][4] ASATs have also been used to remove decommissioned satellites.

Vice President Kamala Harris announced April 18 that the United States will ban direct-ascent anti-satellite (ASAT) missile tests that create orbital debris (scattered pieces of rubbish or remain). “These tests are dangerous and we will not conduct them,

Simulated: manufactured in imitation of some other material.

(of an emotion) pretended or feigned.

imitating the conditions of something, especially as a training exercise.

ecently, the Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru.

It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs. 100 crore.

It is is a wholly owned subsidiary of the RBI.

RBIH aims to create an ecosystem that focuses on promoting access to financial services and products for the low-income population in the country.

This is in line with the objective behind establishment of RBIH i.e., to bring world-class innovation to the financial sector in India, coupled with the underlying theme of financial inclusion.

RBI Innovation hub hosted Swanari TechSprint to create sustainable solutions for women-owned enterprises.

TechSprint is aimed at advancing digital financial inclusion for women in India.

What is price cap meaning?

Price-cap regulations set a cap on the price that a utility provider can charge. The cap can be set based on various factors, from production inputs to efficiency savings and inflation.

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