| WHAT IS A CURRENCY SWAP? | ECONOMY | PRELIMS |
| EXTREME HEAT THREATENS GLOBAL FOOD SYSTEMS, UN AGENCIES WARN | REPORT | PRELIMS |
| KANGAROOS | ENVIRONMENT AND ECOLOGY | PRELIMS |
| INHERITED PERIPHERAL NEUROPATHIES (IPN) | BIOLOGY | PRELIMS |
| NATIONAL COMPANY LAW APPELLATE TRIBUNAL (NCLAT | NATIONAL BODIES | PRELIMS |
| NCLAT RESERVES VERDICT ON VEDANTA PLEA AGAINST ADANI ENTERPRISES BID FOR JAYPEE GROUP INSOLVENCY | ROLE OF NCLAT | MAINS GS2 |
| THE PUZZLE OF MISSING URGENCY AROUND LEARNING | EDUCATION | MAINS GS2 |
WHAT IS A CURRENCY SWAP?
- Currency swaps are agreements between two parties to trade one currency for another at a preset rate over a given period. These exchanges set the stage for a large portion of global economic activity, allowing businesses to operate smoothly across borders and giving central banks powerful tools to manage monetary policy.
- They allow companies to secure more favorable loan rates in foreign currencies, often needed to effectively manage long-term investments and interest rate exposure.
EXTREME HEAT THREATENS GLOBAL FOOD SYSTEMS, UN AGENCIES WARN
- Extreme heat is pushing global agrifood systems to the brink, threatening the livelihoods and health of more than a billion people, according to a new report by the U.N.’s food and weather agencies.
- The United Nations Food and Agriculture Organization (FAO) and the World Meteorological Organization (WMO) said heatwaves are becoming more frequent, intense and prolonged, damaging crops, livestock, fisheries and forests.
KANGAROOS
- Kangaroos are marsupials from the subfamily Macropodinae (macropods, meaning “large foot”).
- Kangaroos are indigenous to Australia and New Guinea.
- Kangaroos evolved to hop primarily as a highly energy-efficient adaptation to a changing Australian environment, where resources were sparse and dispersed over large distances. Hopping allowed them to cover these vast areas while conserving energy and maintaining high speeds to avoid predators.
INHERITED PERIPHERAL NEUROPATHIES (IPN)
Inherited peripheral neuropathies (IPN) are a clinically and genetically diverse group of disorders caused by genetic mutations that lead to the progressive degeneration of peripheral nerves (motor, sensory, and autonomic).
NATIONAL COMPANY LAW APPELLATE TRIBUNAL (NCLAT)
National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.
NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), with effect from 1st December, 2016. NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC.
NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI) – as per the amendment brought to Section 410 of the Companies Act, 2013 by Section 172 of the Finance Act, 2017, with effect from 26th May, 2017.
NCLAT is also the Appellate Tribunal to hear and dispose of appeals against the orders of the National Financial Reporting Authority – as per the amendment brought to Section 410 (a) of the Companies Act, 2013 by Section 83 of the Companies (Amendment) Act, 2017, with effect from 7th May, 2018.