What are the Polymetallic Modules (PMN) made up of?

Recently, India became the first pioneer investor to have been allotted a site of 1,50,000 sq km in the Central Indian Ocean Basin (CIOB) by International Sea Bed Authority (ISBA) of United Nations for harnessing the Polymetallic Modules (PMN) lying ..

What is impact of Savings Bank Interest Rate hike on CASA ratio?

There was a recent hike in interest rates on Savings Banks from 3.5% to 4% after a period of 8 years. The first thing you must note that still in India, the interest rates on Savings Banks are NOT deregulated ..

A new All India service can be instituted with initiative of which house of Parliament?

As per the Constitution of India, a new All India service can be instituted with only on the initiative of Rajya Sabha. Article 312 of the constitution says "Notwithstanding anything in [Chapter VI of Part VI or Part XI], if ..

What is difference between devaluation and depreciation of currency?

Under a fixed exchange rate system, devaluation and revaluation are official changes in the value of a country’s currency relative to other currencies. Under a floating exchange rate system, market forces generate changes in the value of the currency, known ..

What is used to store acetylene?

Acetylene cannot be safely pressurized as a pure compound. Acetone is used for safe storage and transportation of Acetylene. Vessels containing a porous material are first filled with acetone followed by acetylene, which dissolves into the acetone. One liter of ..

What is the Indian innovation in the field of parliamentary procedures?

Zero Hour is the Indian innovation in the field of parliamentary procedures and has been in existence since 1962.  Zero hour, called so because it begins at 12 :00 noon. However, it does not find mention in the rules of ..