The Revision Channel

  Cryptocurrency A fully decentralised, peer-to-peer electronic cash system that does not need the purview of any third-party financial institution.  It started with Bitcoin which was created by   Satoshi Nakamoto in 2008 as a response to  the lack of trust in the existing banking system during the 2008 global financial crisis. PROS CONS tamper-proof ledgers volatility and fluctuations verification of transactions and contracts isn’t backed up by a sovereign state and a public institution like a central bank (RBI) updating and maintenance of records   poses a threat to financial stability Integrating blockchain technology into financial sector would help increase savings worth billions of dollars These tasks of blockchain technology are usually done by financial institutions/banks which take a fee for their service. At the moment, intermediaries (including banks, credit card and payment gateways) draw almost 3 per cent from the total global economic output ...

  Ministry of Agriculture and Farmers Welfare to achieve self-sufficiency in edible oil What? Multi-pronged strategy for oilseeds production Plan for the free distribution of mini-kits of high-yielding varieties of seeds to farmers for 2021 kharif season Through consultations between Central and State governments, strategy for both - area & productivity enhancement has been formulated for soybean & groundnut under NFSM (Oilseeds & Oil Palm) inter-cropping distribution of seeds in high potential districts distribution of mini-kits distribution of high-yielding/high quality seeds Why? To achieve self-sufficiency in the production of oilseeds To enhance the productivity of oilseeds by increasing the availability of high yielding varieties of seeds National Mission on Oilseeds and Oil Palm (NMOOP) Launched in 2014-15 It is merged with NFSM (National Food Security Mission) since 2018-19     Multi pronged Strategy: Increasing Seed Replacement Ratio (SRR) in oil cro...

  Why in News? New administrator who took charge (Praful Khoda Patel) proposed new draft legislations that have wide-ranging impact. In this article, we shall look into those legislations and the controversy surrounding it. But before that, let's understand the geography, ethinicity, people and the administration of Lakshadweep. Geography 36 Islands 4 newly formed 5 submerged reefs 17 Uninhabited islands 10 islands inhabited - Kavaratti Agatti Amini Kadmat Kitan Chetlat Bitra Andrott Kalpeni Minicoy out of 36 islands, 1 island sank under sea, namely, Parali I (so currently, there are 35 islands) 3 main GROUP of Island Amindivi Islands - northernmost Laccadive Islands Minicoy Island - southernmost Climate warm & humid climate S.W. monsoon 9 degree channel Separates rest of Lakshadweep & Minicoy Atoll islands   - ring shaped coral reef island ( how it is formed? ) Sea mountain - formed by underwater volcanic eruptions where lava piles up on sea floor, elevation grows hi...