UPSC Prelims Facts – 14-15 July 2024

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Margin Trading Facility (MTF) demand is increasing to invest in the stock market.

  • The buyer pays only a part of the total value while the broker pays the remaining amount, charging an interest on this loan.
  • Advantages:
    • Increased profit potential due to access to more capital.
    • Includes a broader range of stocks.

I-REC are accrued by clean energy sector.

  • Represents transferrable proof that one MWh of electricity was produced from renewable energy sources and added to an electrical grid.
  • Enables MNCs to meet their renewable energy consumption quotas across nations with reduced barriers.
  • An everlasting certificate until redeemed by an end consumer or withdrawn.
  • India has emerged as one of a leading seller of I-RECs.
  • Founder of I-REC – International Tracking Standard Foundation

  • A coastal security exercise held along Andhra Pradesh coast.
  • Aim – To validate the effectiveness of coastal security mechanisms in dealing with asymmetric threats from the sea.
  • Assets of Indian Navy, Coast Guard, Marine Police, fisheries, customs and other security agencies were engaged in it.

Mutual Recognition Agreement between India and Taiwan for Organic Products has been implemented.

  • It will ease the export of organic products by avoiding dual certifications; thus, reducing compliance cost.
  • It will enhance trade opportunities in the organic sector such as export of major Indian organic products such as Rice, Processed Food, Green/Black and Herbal Tea, Medicinal plant products etc to Taiwan.
  • Implementing agency: Ministry of Commerce and Industry, India and Agriculture and Food Agency, Ministry of Agriculture (AFA), Taiwan.

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