Today's Headlines

Today's Headlines - 22 March 2024

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Why is Reverse Flipping of Unicorns Gaining Momentum?

News Excerpt:

The startup ecosystem in India is experiencing a notable rise in reverse flipping, where an increasing number of startups are opting to relocate their headquarters or establish a base in the country.

Australia's iron ore miners face falling Chinese demand

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The Australian iron ore industry faces a major challenge as its biggest customers – China’s steel mills – move to drastically reduce their carbon footprint.

Subduction Zone 

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A study by Portuguese scientists warns of a subduction zone, dubbed the 'Ring of Fire,' beneath the Gibraltar Strait, with the potential to engulf the Atlantic Ocean.

Great Indian Bustard

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The Supreme Court has constituted an expert committee to balance the conservation and protection of the endangered Great Indian Bustard population with the country’s international commitments to promote renewable sources of energy.

World water Day- significance- theme

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World Water Day, celebrated on March 22 every year, is an occasion to realize the importance of freshwater, especially this year amid the ongoing Bengaluru water crisis.

Brucethoa isro

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A newly discovered species of deep-sea isopod found off the coast of Kollam in Kerala has been named in honor of the Indian Space Research Organisation (ISRO) by researchers.

RBI finalizes Omnibus Framework for SROs in regulated entities

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The Reserve Bank of India (RBI) had recently finalized the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities.

India took a U-turn on laptop licensing policy after pushback from the USA

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The Indian government recently rolled back the laptop licensing policy after pressure from US officials.

COCOA PRODUCTION

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A shortage of cocoa beans has led to a near shutdown of processing plants in Ivory Coast and Ghana, the two countries responsible for 60% of global production.

Plastic Waste Management (Amendment) Rules, 2024

News Excerpt:

The Environment Ministry has tightened rules for labeling disposable plastic ware as 'biodegradable' requiring products to leave behind no microplastics.