Current Affairs

General knowledge is the key element of current affairs. General awareness is a crucial component of reading and learning when preparing for any competitive exam. Aspirants should be thoroughly aware of current affairs while preparing for any kind of exam. Competitive exams, such as UPSC, Bank, SSC, RRB, or any Government (Sarkari) exam, require aspirants to be informed about current events in India and around the world.

It will be helpful for them to prepare for the exam, if they make a study plan. Candidates are requested to refer to the UPSC’s previous year’s question papers so that they can get some idea about the current affairs.

Why are Current Affairs Important?

• Current affairs are significant in any kind of competitive exam. With the shift in examination patterns, questions about current events and news have become more important in determining students’ fates.
• In general, there are two types of questions asked in the general awareness section: static and dynamic.
• The static section refers to the parts of the UPSC or other exams syllabus that remain constant.
• The dynamic portion studies current events. The daily newspaper and Yojana Magazine are the best materials for covering current events.
• Current affairs knowledge is essential for success in government exams and any competitive exam. History, geography, economy, environment and ecology, government, science and technology, and other topics are covered in current events.
• Candidates should be updated about every event. A recent activity has observed that the static and dynamic components of the current affairs curriculum overlap. There’s a good chance a candidate runs into unexpected current-event questions that are normally static sections of the syllabus.
• UPSC’s previous years’ question papers will also help gain knowledge of current affairs, so every candidate appearing for the UPSC exam is requested to follow the UPSC previous years’ question papers.

Important Topics to Cover in Current Affairs

Aspirants should read through these important topics.

From the standpoint of competitive tests, the recent release of the Codes on Wages Bill is significant. Learn about the following topics to help you take better notes on current affairs:

• The bill’s beginning.
• The bill’s main goal.
• The bill’s impact on the Republic of India.
• Aspirants should study both the pros and cons of the bill, as this would aid them in writing analytical answers in the UPSC Mains.

The 47th Summit of the Group of Seven, or G7, was recently held. 

• The G7 nations met for the 47th Summit of the organisation in June 2021.
• Nature – This is the first time in two years that a physical summit has been held.
• Carbis Bay Declaration.

Global Minimum Corporate Tax, aspirants should be aware of the following:

• Context – At the 47th G7 Summit, the Finance Ministers of the G7 nations made a historic agreement to establish a Global Minimum Corporate Tax Rate (GMCTR), which would remove cross-border tax loopholes exploited by some multinational corporations.
• The Indian economy is a crucial subject for UPSC, bank exams, SSC exams, and other government exams.
• Both the IAS Prelims and IAS Mains have economic importance in terms of UPSC’s current affairs.
• The Union Budget 2021-22 has recently been in the news.