💰 Economy & Banking

🔷 World Inequality Report 2026 Highlights Global Disparities

The World Inequality Report 2026 highlights huge and growing wealth and income differences across the world.
Global Income Gap: The top 10% of income earners globally receive more than 90% of global income combined.
Wealth Concentration: The richest 10% of the world owns about 75% of global wealth, while the poorest 50% hold only 2%.
India's Status: The report suggests a relative decline for India, with most of its population now falling into the bottom 50% of the global wealth distribution.
Solution: The report identifies public investment in high-quality education and health as the strongest tool to reduce inequality.

🔷 Rupee Depreciation and Economic Impact

The ongoing debate focuses on the effects of a falling Indian Rupee (depreciation) on the economy.
Positive for Exports: A weaker Rupee makes Indian goods and services cheaper for foreigners, which boosts export competitiveness for sectors like IT services.
Negative for Imports: It increases the cost of vital imports like fuel, machinery, and fertilizers, potentially leading to imported inflation (prices rising due to costlier imports).
Business Uncertainty: Currency volatility complicates long-term planning for both exporters and importers, creating business uncertainty.

🏛️ Polity & Governance

🔷 Parliamentary Panel Recommendations on Delhi Air Pollution

A Parliamentary Panel released key recommendations to address the severe air pollution crisis in Delhi and the National Capital Region (NCR).
Focus Areas: The panel suggested intensifying checks on major sources like industrial emissions, construction activity, and vehicle pollution.
Implementation Gap: The report noted that the current air pollution laws and policies are not being implemented effectively on the ground.
Public Education: The panel recommended a focused campaign to increase public awareness and participation in pollution reduction efforts.

🌿 Environment & Ecology

🔷 Global Assessment Warns of Caribbean Hard Coral Decline

The Global Coral Reef Monitoring Network (GCRMN) released an assessment reporting a serious decline in hard coral populations across the Caribbean Sea.
Getty Images

Primary Threat: The decline is driven by bleaching events (due to extreme heat) and the spread of Stony Coral Tissue Loss Disease.
Herbivore Loss: The loss of key herbivores like the Diadema sea urchin has caused a massive increase in macroalgae (seaweed), which smothers the corals.
Importance: Hard corals are the main reef builders, and their loss severely damages the entire marine ecosystem and threatens coastal protection.

🔷 Chhattisgarh Gets First Ramsar Site

Kopra Reservoir in Chhattisgarh has been declared the state’s first Ramsar Site (Wetland of International Importance).
Significance: This recognition highlights the reservoir's important role in the ecological, botanical, and zoological richness of the region.
Ramsar Convention: The Ramsar Convention, an international treaty for the conservation and sustainable use of wetlands, was signed in Ramsar, Iran, in 1971.

🎭 Culture & Important Events

🔷 International Universal Health Coverage Day Observed

International Universal Health Coverage (UHC) Day is observed annually across the globe on December 12.
Objective: To raise awareness about the need for accessible, affordable, high-quality health services for all without financial hardship.
Theme 2025: The global theme for this year is “Unaffordable health costs? We're sick of it!”
SDG Link: UHC is a key component of Sustainable Development Goal (SDG) 3 (Good Health and Well-being) and is essential for achieving the wider SDG framework.

📌 December 13, 2025 General Knowledge

Indian Parliament Attack (2001): On December 13, 2001, the Parliament House in New Delhi was attacked by terrorists.
Constituent Assembly Session (1946): Jawaharlal Nehru moved the famous 'Objectives Resolution' in the Constituent Assembly, which later became the Preamble of the Indian Constitution.
Battle of Wandiwash (1760): The Third Carnatic War concluded with the British victory over the French in the Battle of Wandiwash on January 22, 1760 (often referenced on this day in context of Indian history battles).
1799 (George Washington): Death anniversary of George Washington, the first President of the United States and one of the Founding Fathers.