| TOPICS | SUBJECT | PAPER |
| INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDAI) | NATIONAL BODIES | PRELIMS |
| FLUE-CURED VIRGINIA (FCV) | BOTANY | PRELIMS |
| STATEMENT | ECONOMY | PRELIMS |
| A PUBLIC HEALTH EMERGENCY OF INTERNATIONAL CONCERN (PHEIC) | INTRNATIONAL BODIES | PRELIMS |
| ASIA NEEDS US$200 BILLION A YEAR FOR CLIMATE RESILIENCE | REPORT | PRELIMS |
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA (IRDAI)
Insurance Regulatory and Development Authority of India (IRDAI), is a statutory body formed under an Act of Parliament, i.e., Insurance Regulatory and Development Authority Act, 1999 (IRDA Act, 1999) for overall supervision and development of the Insurance sector in India.
The powers and functions of the Authority are laid down in the IRDA Act, 1999 and Insurance Act, 1938. The Insurance Act, 1938 is the principal Act governing the Insurance sector in India. It provides the powers to IRDAI to frame regulations which lay down the regulatory framework for supervision of the entities operating in the Insurance sector. Section 14 of the IRDA Act,1999 specifies the Duties, Powers and Functions of the Authority.
FLUE-CURED VIRGINIA (FCV)
Flue-Cured Virginia (FCV) is a primary type of tobacco leaf primarily used in cigarettes and roll-your-own products. It is distinguished by its golden-yellow to deep-orange color, mild and slightly sweet flavor, and high sugar content.
STATEMENT
Indian Tobacco product exports fall 34.81%
A PUBLIC HEALTH EMERGENCY OF INTERNATIONAL CONCERN (PHEIC)
A public health emergency of international concern (PHEIC) is a formal declaration by the World Health Organization (WHO) of “an extraordinary event which is determined to constitute a public health risk to other States through the international spread of disease and to potentially require a coordinated international response”, formulated when a situation arises that is “serious, sudden, unusual, or unexpected”, which “carries implications for public health beyond the affected state’s national border” and “may require immediate international action”.
ASIA NEEDS US$200 BILLION A YEAR FOR CLIMATE RESILIENCE
Asia’s growing exposure to climate disasters is driving interest in climate adaptation and resilience investments, according to a new regional study, which identifies more than 250 priority solutions to help economies and communities withstand mounting environmental pressures.
The report, launched during Singapore’s Ecosperity Week 2026, was released by the Centre for Impact Investing and Practices ( CIIP ) in partnership with Singapore’s Temasek, Invesco and ImpactSF. It comes as climate risks across Asia accelerate faster than in most other parts of the world.