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      • Memorize Current Affairs for UPSC 10 november 2020

      Memorize Current Affairs for UPSC 10 november 2020

      • Posted by Vizmins Official Post
      • Date November 11, 2020
      • Comments 0 comment
      Current Affairs by Vizmins

      Fifteenth Finance Commission

      • The Fifteenth Finance Commission led by Chairman N K Singh submitted its Report to the President of India.
      •  The submitted report is for the five-yearly period between 2021-22 and 2025-26. 

      Terms of reference (ToR):

      1. The Commission was asked to examine and recommend performance incentives for States in many areas like the power sector, adoption of DBT, solid waste management, etc.
      2. The Commission was asked to examine whether a separate mechanism for funding of defence and internal security ought to be set up and if so how such a mechanism could be operationalized.

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      Oil prices have jumped

      • Oil jumped by almost 10%,  for its biggest daily gain in almost six months.
      • Reasons:
        • News of a highly effective Pfizer vaccine against COVID-19.
        • Saudi Arabia’s assurance that an OPEC+ oil output deal could be adjusted to balance the market.

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      A post shared by Vizmins (@vizmins) on Nov 11, 2020 at 2:45am PST

      Polavaram Project Updates

      Pfizer Vaccine

      Try this Quiz

      Tag:Article 280, Constitutional Body, Constitutional Institution, Current Affairs, International, International Institution, OPEC, OPEC+, UPSC, vizmins

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