■ Mammatus clouds
◇ Context: Recently NASA released a Picture of the day which was Mammatus Clouds.
□ About Mammatus Clouds:
◇ Mammatus is a cellular pattern of pouches hanging underneath the base of a cloud, typically a cumulonimbus raincloud, although they may be attached to other classes of parent clouds.
□ How are these formed ?
◇ Mammatus clouds are usually formed in association with large cumulonimbus clouds. Typically, turbulence within the cumulonimbus cloud will cause Mammatus to form.
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◇ Context: India has asked China to take a haircut on its loans to poor countries and assist their economic recovery.
◇ India has specified that International Monetary Fund [IMF] taking a haircut to settle Chinese debt is unsustainable.
□ What is a Haircut in the Economy?
◇ When a bank or creditor country takes a ‘haircut’, it means it accepts less than what was due in a particular loan account.
◇ For example: if a bank (e.g. IMF) was owed Rs 10,000 cr by a borrower (e.g. Pakistan) and it agrees to take back only Rs 8,000 cr, it takes a 20% haircut (or loss).
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◇ India has specified that International Monetary Fund [IMF] taking a haircut to settle Chinese debt is unsustainable.
□ What is a Haircut in the Economy?
◇ When a bank or creditor country takes a ‘haircut’, it means it accepts less than what was due in a particular loan account.
◇ For example: if a bank (e.g. IMF) was owed Rs 10,000 cr by a borrower (e.g. Pakistan) and it agrees to take back only Rs 8,000 cr, it takes a 20% haircut (or loss).
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◇ Liquid nano urea is essentially urea in the form of a nanoparticle.
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◇ The efficiency of liquid nano urea can be as high as 85-90 per cent (Conventional urea has an efficiency of about 25 per cent).
◇ Liquid nano urea has a shelf life of a year, and farmers need not be worried about “caking” when it comes in contact with moisture
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◇ Reduces fertilizer subsidy bill of the government.
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✅ Previous Years Solved Paper
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◇ Context: The first G20 Environment and Climate Sustainability Working Group (ECSWG) meeting concluded in Bengaluru
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