GS paper 3

United Nations Framework Convention on Climate Change (UNFCCC)

United Nations Framework Convention on Climate Change (UNFCCC) Climate change poses an urgent and formidable challenge to our planet, impacting ecosystems, economies, and human well-being. In the global pursuit of a sustainable future, international cooperation and collective action are paramount....

Arctic Council, Objectives, Headquarters, Members, Significance

Arctic Council The Arctic Council, an intergovernmental forum consisting of eight Arctic nations and indigenous representatives, plays a pivotal role in addressing the unique challenges and opportunities presented by the rapidly changing Arctic region. As climate change continues to reshape...

Regional Comprehensive Economic Partnership (RCEP), Member Countries

Regional Comprehensive Economic Partnership (RCEP) The Regional Comprehensive Economic Partnership (RCEP) has emerged as a significant economic agreement in recent years, captivating attention and generating discussions worldwide. As countries strive to deepen their economic integration and strengthen regional cooperation, RCEP...

International Police (INTERPOL), History, Structure and Function

International Police (INTERPOL) The biggest international police organisation in the world is Interpol. This page provides details on Interpol's history, goals, organisational structure, and challenges the organisation has faced in the fight against the COVID-19 pandemic. Learn more in the...

Airport Authority of India (AAI), History, Objectives, Significance

Airport Authority of India The Airport Authority of India (AAI) plays a vital role in the development, management, and operation of airports across the country. As a crucial regulatory body, AAI ensures the smooth functioning and safety of India's aviation...

Disinvestment in India, Meaning, Types and Government Policy

What is Disinvestment? Disinvesting is a tactic used by investors to sell or otherwise part with an asset or a share in it. An exit strategy called disinvesting is withdrawing from an existing investment. Governments frequently use disinvestment strategies to...

Exchange Traded Funds (ETFs), Definition, Features, Examples

Exchange Traded Funds (ETFs) In today's fast-paced and dynamic investment landscape, investors are constantly seeking opportunities to optimize their portfolios. One such avenue that has gained significant popularity and transformed the way we invest is Exchange-Traded Funds (ETFs). ETFs have...

Liberalized Exchange Rate Management System (LERMS)

Liberalized Exchange Rate Management System (LERMS) In an increasingly interconnected global economy, the management of exchange rates plays a crucial role in shaping a nation's economic landscape. The traditional approach of fixed exchange rates has gradually given way to a...

Economic Liberalization in India, Concept, Objective, Impacts

Economic Liberalization in India In the history of India's economic development, a significant turning point came with the initiation of Economic Liberalization. This transformative era marked a departure from the past and brought forth a series of reforms that aimed...

FRBM Act, Introduction, Objective, Need & Features

FRBM Act The Financial Responsibility and Budgeting Management Act, often known as the FRBM Act, was established by the Indian Parliament to improve fiscal stability, reduce the fiscal deficit, achieve macroeconomic stability, and regulate public money by advancing towards a...