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WORLD BANK APPROVES $ 1 BILLION FOR INDIA TO FIGHT AGAINST COVID-19
16, May 2020 | Schemes
Why in News? The Government of India is getting $1 billion loan from the World Bank to support its COVID-19 relief measures and financial assistance…
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ECONOMIC STIMULUS PACKAGE – III
16, May 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? In the third tranche of the COVID-19 economic package, the government announced a slew of measures for agriculture sector, including a ₹63…
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ECONOMIC STIMULUS-II PACKAGE
16, May 2020 | Growth, Development, National
Context: The Union Finance Minister has recently announced the short term and long-term measures for supporting the poor, including migrants, farmers, tiny businesses and street…
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MEASURES TO STRENGTHEN AGRICULTURE SECTOR IN INDIA
16, May 2020 | Economics
Why in News? Union Finance Minister announced the 3rd Tranche of measures to strengthen Infrastructure Logistics, Capacity Building, Governance and Administrative Reforms for Agriculture, Fisheries…
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DIRECT SEEDING OF RICE (DSR)
14, May 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Recently, the farmers are now being encouraged to adopt Direct Seeding of Rice (DSR) in place of Conventional Transplanting due to the…
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GUJARAT AMENDS APMC ACT
14, May 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Following the Centre’s directive to States to amend their Agricultural Produce Markets (APMC) Acts, the Gujarat government has promulgated an Ordinance expanding…
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ECONOMIC PACKAGE TO MAKE INDIA SELF-RELIANT
14, May 2020 | Economics
Why in News? Union Finance Minister announced a ₹20-lakh-crore economic stimulus package to deal with the COVID-19 pandemic. Highlights: This is the first tranche of…
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KAILASH MANSAROVAR LINK ROAD
12, May 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Recently, Nepal has strongly objected to the newly inaugurated link road which connects Pithoragarh, Uttarkhand to Lipulekh pass, China border significantly reducing…
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HELICOPTER MONEY
09, May 2020 | Capital Market
Why in News? Telangana Chief Minister has recently suggested that the helicopter money can help states to come out of the economic chaos created by…
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SBI TO EXTEND LOAN MORATORIUM TO NBFCS
07, May 2020 | Banking
Why in News? The State Bank of India (SBI) has decided to extend loan moratorium to NBFCs that could give a huge relief to the…
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PRADHAN MANTRI BHARTIYA JANAUSHADHI PARIYOJANA (PMBJP)
07, May 2020 | Schemes
Why in News? Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) are accepting orders on WhatsApp and e-mail and delivering on patient’s doorsteps to facilitate medicine procurement…
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CO-OPERATIVE BANKS UNDER SARFAESI ACT
06, May 2020 | Economics
Why in News? The Supreme Court held that Co-operative banks established under a State law and multi-State level co-operative societies come within the ambit of…
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LIQUOR REVENUE FOR STATES
06, May 2020 | Taxes and Taxation
Why in News? Recently, the central government eased restrictions in the third phase of the nationwide lockdown and allowed the sale of liquor. About the…
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DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION (DICGC)
06, May 2020 | Banking
Why in News? RBI has asked the Registrar of Co-operative Societies, Maharashtra to start the process of winding up operations of CKP Co-operative bank and…
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INSURANCE CLAIMS AMID COVID-19 OUTBREAK
05, May 2020 | Insurance
Why in News? Companies that suffered business interruption losses due to the Covid-19 outbreak and lockdown are likely to bat for the “loss of profit”…
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MANUFACTURING HITS RECORD LOW
05, May 2020 | Growth, Development, National
Why in News? According to a recent IHS Markit India monthly survey, Manufacturing Purchasing Managers’ Index (PMI) fell to 27.4 in April, 2020 from 51.8…
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FOREIGN PORTFOLIO INVESTORS (FPIS)
05, May 2020 | Investments, Investment models
Why in News? Recently, the Foreign Portfolio Investors (FPIs) have significantly reduced the pace of outflows from the equity and debt market in April, 2020,…
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DECLINE IN FPI OUTFLOWS
04, May 2020 | Capital Market
Why in News? As per the recent data published by Central Depository Services Limited (CDSL), the Foreign Portfolio Investors (FPIs) have significantly reduced the pace…
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FOREIGN EXCHANGE RESERVES
04, May 2020 | Banking
Why in News? Recently, India’s Foreign Exchange (Forex) reserves declined by $113 million to $479.45 billion in the week to 24 April, 2020 due to…
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KASHMIR SAFFRON GETS GI TAG
02, May 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Kashmir saffron, which is cultivated and harvested in the Karewa (highlands) of Jammu and Kashmir, has been given the Geographical Indication (GI)…
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FINAL REPORT ON NATIONAL INFRASTRUCTURE PIPELINE
30, Apr 2020 | Economics
Why in News? The task force headed by Atanu Chakraborty on National Infrastructure Pipeline (NIP) submitted its final report to the Finance Minister recently. The…
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PM LAUNCHES SWAMITVA YOJANA ON PANCHAYATI RAJ DIWAS
27, Apr 2020 | Schemes
Why in News? On Panchayati Raj Diwas (April 24th), the Prime Minister of India launched ‘Swamitva Yojana’ or Ownership Scheme to map residential land ownership…
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OPERATION TWIST
27, Apr 2020 | Economics
Why in News? The Reserve bank of India has decided to bring back its bond swapping programmed billed as India’s Operation Twist with an aim…
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COMMODITY MARKETS OUTLOOK
25, Apr 2020 | Agriculture, ignorance, subsidy, marketing
Why in News: Recently, the World Bank’s has released Commodity Markets Outlook. About Commodity Markets Outlook It provides market analysis for major commodity groups -…
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PAYMENT OF MGNREGS IN FOODGRAINS
24, Apr 2020 | Schemes
Why in News? Chhattisgarh Chief Minister Bhupesh Baghel in a letter to Union Rural Development Minister Narendra Singh Tomar has asked the Centre to allow…
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OIL PRICE FELL BELOW ZERO
23, Apr 2020 | Industries, Textile, E -Commerce, Pharma, Service
Context: Recently, the oil prices of West Texas Intermediate (WTI) fell to minus $40.32 a barrel in interlay trade in New York (the USA). It…
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INDIAN TRADE CURBS AGAINST WTO PRINCIPLES, SAYS CHINA
21, Apr 2020 | Investments, Investment models
Why in News? China has recently stated that India’s recently adopted policy to curb opportunistic takeovers of domestic companies goes against the principles of the…
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WAYS AND MEANS ADVANCES
20, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has announced a 60% increase in the Ways and Means Advances (WMA) limit of state governments…
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SPECIAL DRAWING RIGHTS (SDR)
20, Apr 2020 | Economics
Why in News? India is not supporting a general allocation of new Special Drawing Rights (SDR) by the International Monetary Fund (IMF) because it feels…
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NBFC’S GETS 50,000 CRORE BOOSTER
18, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has announced a host of measures to provide liquidity support to non-banking financial companies (NBFCs), apart…
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SOVEREIGN GOLD BONDS
18, Apr 2020 | Schemes
Why in News? Recently, Reserve Bank of India (RBI) has decided to issue Sovereign Gold Bonds (SGBs) in six instalments, from April 2020 to September…
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IMF PROJECTS 1.9% GROWTH FOR INDIA IN 2020
16, Apr 2020 | Economics
Why in News? The COVID-19 pandemic is expected to cause a -3% change in global output in 2020, much worse than the 2008-09 financial crises,…
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HELICOPTER MONEY
15, Apr 2020 | Banking
Why in News? Telangana Chief Minister K. Chandrashekar Rao has suggested RBI to adopt the concept of Helicopter Money to help state governments tide over…
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RETAIL INFLATION
15, Apr 2020 | Inflation
Why in News? Recently, The Consumer Price Index (CPI) data has been released by the National Statistical Office (NSO), the retail inflation in March 2020…
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COVID-19: GLOBAL MARKETS AND ECONOMY
15, Apr 2020 | Capital Market
Context: The COVID-19 pandemic has caused an unprecedented human and health crisis. The measures necessary to contain the virus have triggered an economic downturn. The…
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DEVELOPING COUNTRY STATUS IN WTO
14, Apr 2020 | WTO, Industrial Economics
Why in News? US president has asked for changing the WTO rules for changing the developing country status of China. China – a developing country…
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CORPORATE SOCIAL RESPONSIBILITY (CSR) EXPENDITURE
14, Apr 2020 | Growth, Development, National
Why in News? The Ministry of Commerce and Industry has clarified that the contributions to the Chief Minister’s Relief Fund or the State relief fund…
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PRADHAN MANTRI JAN AROGYA (PM-JAY)
14, Apr 2020 | Schemes
Context: Recently, the National Health Authority has launched an express empanelment process called Hospital Empanelment Module (HEM) Lite to bring a large number of private…
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INDUSTRIAL BODIES CLAIMS FOR A RELIEF PACKAGE
10, Apr 2020 | Economics
Why in News? The National Real Estate Development Council (NAREDCO) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) have sought 200 billion…
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CORONA BONDS
08, Apr 2020 | Banking
Context: Corona bonds is recently seen in news, which could be a possible resolution to alleviate Eurozone financial struggles amid the coronavirus crisis. About Corona…
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IHS MARKIT INDIA SERVICES BUSINESS ACTIVITY INDEX
07, Apr 2020 | Economics
Why in News? The IHS Markit India Services Business Activity Index (i.e Service Purchasing Managers’ Index (PMI)) has registered a fall in the month of…
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RBI PLANS FOR AN FRAUD OVERSIGHT WING
06, Apr 2020 | Banking
Why in News? The Reserve Bank of India (RBI) is in the process of putting together an exclusive wing for banking fraud oversight. About “Fraud…
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THE SPECTRE OF A POST-COVID-19 WORLD
04, Apr 2020 | Miscellaneous
Context: In many parts of the world, borders are closed, airports, hotels and businesses shut, and school cancelled. These unprecedented measures are tearing at the…
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INDIA’S DEFENCE EXPORT -IMPORT
03, Apr 2020 | Economics
Why in News? Based on the latest estimates released by the Stockholm International Peace Research Institute (SIPRI) in the period between 2009-13 and 2014-18, Indian…
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ELECTRONIC MANUFACTURING SCHEME
03, Apr 2020 | Schemes
Why in News: The government has recently notified three Electronic Manufacturing Scheme involving total incentives of around Rs 48,000 crore for Electronics Manufacturing. About: The…
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BATTLE TO SET OIL PRICES
03, Apr 2020 | Economics
Context: The global economy, grappling with the COVID-19 pandemic, is now facing an energy war, with crude oil prices crashing in the international market. Crude…
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COVID-19: MEASURES BY RBI
02, Apr 2020 | Economics
Context: The Reserve Bank of India (RBI) has announced measures to fight economic disruptions caused by COVID19, including extension of the realisation period of export…
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WAYS AND MEANS ADVANCE SCHEME
02, Apr 2020 | Schemes
Why in News? The Government has recently hiked Ways and Means Advance (WMA) limit with the Reserve Bank of India (RBI) by 60%. Highlights: The…
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RBI INTRODUCES “FULLY ACCESSIBLE ROUTE (FAR)”
01, Apr 2020 | Economics
Why in News? In the Union Budget, it has been announced that certain specified categories of government securities would be opened fully for non-resident investors…
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COMPANIES FRESH START SCHEME, 2020
01, Apr 2020 | Schemes
Why in News? Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to…
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KERALA SOUGHT RELAXATION OF FRBM RULES
31, Mar 2020 | Budget
Why in News? To help fund the emergency relief package, Kerala proposes to borrow ₹12,500 crore from the market and has urged the Centre to…
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COAL CAPACITY PIPELINE DECLINES IN INDIA
30, Mar 2020 | Economics
Why in News? The latest report ‘Boom and Bust 2020:Tracking the Global Coal Plant Pipeline’ which is the fifth annual survey of the coal plant…
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LOCKDOWN AND THE AGRI SECTOR
30, Mar 2020 | Economics
Context: COVID-19 and the 21-day lockdown to contain it, has brought all the sectors of the economy to a standstill. During such lockdowns, it is…
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RBI CUTS RATES, ALLOWS LOAN MORATORIUM
28, Mar 2020 | Banking
Why in News? To ease impact of lockdown, RBI reduced the repo and reverse repo rates and the EMIs deferred for three months. About the…
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INDIAN RED CROSS SOCIETY AND COVID-19
28, Mar 2020 | Miscellaneous
Context: Recently, President Ramnath Kovind exhorted the collective strength of the society and urged Governors, LGs and Administrators to mobilise volunteers of Indian Red Cross…
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RBI REGULATION FOR PAYMENT AGGREGATORS AND PAYMENT GATEWAYS
27, Mar 2020 | Banking
Why in News? The Reserve Bank of India recently released guidelines for regulating payment aggregators and Payment Gateways. About Payment Aggregators and Payment Gateways: Payment…
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MSP FOR MINOR FOREST PRODUCE
27, Mar 2020 | Schemes
Why in News? According to experts, the Union government’s ‘mechanism for marketing of minor forest produce (MFP) through minimum support price (MSP) and development of…
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DOUBLE TROUBLE FOR THE AUTO SECTOR
25, Mar 2020 | Economics
Context: The auto sector, which has been grappling with multiple challenges over the past year, is headed for tougher times due to the COVID-19 outbreak.…
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INSURANCE COVER FOR A PANDEMIC
23, Mar 2020 | Insurance
Context: In case if a person gets infected by COVID-19, he/she must have a comprehensive health insurance plan to cover Hospitalisation expenses. How to secure…
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INDIA BECOMES 3RD LARGEST PRODUCER OF ELECTRICITY
21, Mar 2020 | Economics
Why in News? As per the Key World Energy Statistics 2019 published by the International Energy Agency, India has been ranked as the 3rdlargest producer…
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GLOBAL UNEMPLOYMENT AMIDST COVID-19
20, Mar 2020 | Growth, Development, National
Why in News? The International Labour Organization (ILO) has recently said that the COVID-19 pandemic will drastically increase global unemployment, leaving up to 25 million…
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INDIA NOT OBLIGATED TO IMPLEMENT WTO’S DISPUTE PANEL RECOMMENDATIONS
20, Mar 2020 | Economics
Why in News? As per the reply of Commerce and Industry Minister in Lok Sabha, India is under no obligation to implement the recommendations of…
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RBI TO INFUSE RS. 10,000 CRORE VIA OMO
19, Mar 2020 | Banking
Why in News? The Reserve Bank of India (RBI) has decided to infuse ₹10,000 crore liquidity in the banking system by buying government securities through…
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RBI GUIDELINES TO REGULATE PAYMENT AGGREGATORS AND GATEWAYS
18, Mar 2020 | Economics
Why in News? The Reserve Bank of India has recently released guidelines for regulating activities of Payment Aggregators and Payment Gateways functioning in India. What…
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SHORTFALL – DEFENCE FUND
17, Mar 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Parliamentary Standing Committee on Defence has recently shown concern at the widening gap between projections and allocations in the defence budget. Key…
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UNNAT BHARAT ABHIYAN
17, Mar 2020 | Schemes
Why in News? Ministry for Human Resource Development (MHRD) has submitted the information related to the Unnat Bharat Abhiyan (UBA) recently. Unnat Bharat Abhiyan (UBA):…
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AIR INDIA SALE: 100% FDI BY NRIS
14, Mar 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: Recently, the cabinet approved 100 percent Foreign Direct Investment (FDI) in Air India by foreign entities/NRIs under the automatic route. Earlier, the FDI limit…
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RAJYA SABHA NOD FOR VIVAD SE VISHWAS BILL
14, Mar 2020 | Taxes and Taxation
Why in News? Recently, the Parliament has passed an amendment to the ‘Direct Tax Vivad se Vishwas Bill, 2020’ in order to widen its scope to…
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MASKS, SANITISERS NOW ESSENTIAL COMMODITIES
14, Mar 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? The Centre recently brought masks and hand sanitisers under the Essential Commodities Act, 1955 (EC Act) in the wake of COVID-19 outbreak.…
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AT-1 BONDS
14, Mar 2020 | Capital Market
Why in News? Recently, the Reserve Bank of India (RBI) has made a proposal to write-down Additional Tier-1 (AT-1) bonds as part of the SBI-led…
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IBC (AMENDMENT) BILL, 2020
13, Mar 2020 | Economics
Context: Recently, the Indian parliament passed amendments to the insolvency law that will help safeguard successful bidders of insolvent companies from the risk of criminal…
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WOMEN IN WORKFORCE
11, Mar 2020 | Miscellaneous
Context: According to a statement by the non- government organisation Azad Foundation - women workforce in the country fell to 18 per cent in 2019…
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MICRO-IRRIGATION HIT BY LACK OF FUNDS
11, Mar 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? The prevailing economic slowdown appears to have affected the implementation of the projects to provide drip and sprinkler implements to farmers in…
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#SHEINSPIRESUS
10, Mar 2020 | Miscellaneous
Context: Prime Minister of India on 8th March 2020 marked International Women’s Day by handing over control of his social media accounts to seven women…
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STATUS OF GOVERNMENT SCHOOLS IN INDIA
10, Mar 2020 | Schemes
Why in News? The Parliamentary Standing Committee on Human Resource Development (HRD) recently submitted its report on the 2020-2021 demand for grants for school education…
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MADRAS HC DISMISSES M. P’S PLEA ON GI TAG FOR BASMATI RICE
10, Mar 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? The Madras High Court has set aside the State of Madhya Pradesh and the Madhya Shetra Basmati Growers Association plea to restrict…
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YES BANK CRISIS
07, Mar 2020 | Banking
Context: Recently, the Reserve Bank of India (RBI) on March 5 imposed a moratorium on the private sector lender Yes Bank, limiting withdrawal of deposits…
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DISABILITY PENSION
07, Mar 2020 | Schemes
Why in News? Recently, the government has withdrawn a circular, that had directed banks to deduct income tax on pension and disability benefits provided to…
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THE ECONOMIC IMPACT OF CORONAVIRUS
05, Mar 2020 | Growth, Development, National
Why in News? The outbreak of Corona virus in China and its spread to neighbouring countries has been having a devastating impact on the various…
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ROAD SAFETY IN INDIA
04, Mar 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: The 3rdGlobal Ministerial Conference on Road Safety “Achieving Global Goals 2030” was held February this year, where the conference aimed to chart future strategic…
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PUSHING THE WRONG ENERGY BUTTONS
04, Mar 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: In the backdrop of the recent visit of the US President to India, the joint statement highlighted the setting of up of 6 nuclear…
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CORONAVIRUS: IMPACT ON TRADE
03, Mar 2020 | Economics
Context: Recently, the OECD in its Interim Economic Outlook, has warned that the coronavirus presents "greatest danger" to the world economy since the times of…
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TECHNICAL TEXTILES MISSION
29, Feb 2020 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The Cabinet Committee on Economic Affairs (CCEA) has approved the setting up of a National Technical Textiles Mission at a total outlay…
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DAIRY SECTOR IN INDIA
29, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Context: The Cabinet Committee on Economic Affairs, has given its approval for upward revision of interest subvention to 2.5% per annum under the scheme Dairy…
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EASE 3.0 FOR TECH-ENABLED BANKING
28, Feb 2020 | Banking
Why in News? Finance Minister Nirmala Sitharaman has recently launched Ease 3.0 for tech-enabled to change the customer’s experience at the Public Sector Banks (PSBs).…
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INVESTMENT IN RESEARCH AND DEVELOPMENT (R&D)
24, Feb 2020 | Budget
Why in News? In an effort to stimulate investment in research and development (R&D), the Department of Science and Technology is mooting a fund that…
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ONE IN THREE PAYMENTS FOR MATERNITY BENEFIT SCHEME CREDITED TO WRONG ACCOUNT
24, Feb 2020 | Schemes
Why in News? The progress report on Poshan Abhiyan released by Niti Aayog recently has flagged the failure of Aadhaar-based payments under Pradhan Mantri Matru…
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DEDICATED FREIGHT CORRIDOR
22, Feb 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The World Bank has offered to give financial assistance to the last remaining portion of the Eastern Dedicated Freight Corridor (EDFC) between…
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RESTRUCTURING CROP INSURANCE SCHEMES
21, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Recently, the Union Cabinet has approved the revamp of the Pradhan Mantri Fasal Bima Yojana (PMFBY)and the Restructured Weather Based Crop Insurance…
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IMPORTED FOOD INFLATION
21, Feb 2020 | Economics
Why in News? Is food inflation in India influenced by global price movements? On account of certain evidences it appears that international inflation influences domestic…
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CONSUMER CONFIDENCE SURVEY (CCS)
19, Feb 2020 | Growth, Development, National
Why in News? Recently, the Reserve Bank has released the results of the January 2020 round of its Consumer Confidence Survey (CCS). About Consumer Confidence…
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DIRECT TAX VIVAD SE VISHWAS BILL, 2020
17, Feb 2020 | Taxes and Taxation
Why in News? The Union Cabinet has recently approved an amendment to the ‘Direct Tax Vivad se Vishwas Bill, 2020’ in order to widen its…
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TELECOS ASKED TO PAY AGR DUES IMMEDIATELY
15, Feb 2020 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The Supreme Court has recently ordered the MDs and directors of few major telecoms to pay their AGR dues immediately. What is…
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USTR TAKES INDIA OFF DEVELOPING COUNTRY LIST
14, Feb 2020 | WTO, Industrial Economics
Why in News? India has been recently removed from the Developing country list by the United States Trade Representative. About USTR: To harmonise U.S. law…
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BLUE REVOLUTION
13, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Realizing the immense scope for the development of fisheries and aquaculture, the Government of India has restructured the Central Plan Schemes under…
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OIL SEEDS PRODUCTION
13, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Country needs 25 million tonnes of edible oils to meet its requirement at current consumption level of 19 kg per person per…
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PROTECTED SPECIAL AGRICULTURE ZONE
10, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? Chief Minister of Tamil Nadu recently announced that the Cauvery delta regionwould be declared as Protected Special Agriculture Zone. What is a…
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THE AIRCRAFT (AMENDMENT) BILL, 2020
08, Feb 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: Recently, the Union Government introduced a bill in the Lok Sabha to amend the Aircraft Act, 1934. This Act pertains to control of the…
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SOIL HEALTH CARD SCHEME
07, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Why in News? In the second phase of the scheme’s implementation, 11.69 crore Soil Health Cards were distributed to farmers in Two Years. Soil Health…
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PURIFIED TEREPHTHALIC ACID (PTA)-ABOLISHED
06, Feb 2020 | Taxes and Taxation
Context: Recently, the government has abolished anti-dumping duty on a chemical called Purified Terephthalic Acid (PTA). It was also being mentioned by the Finance Minister…
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Budget 2020-21 – Social Sector and Infrastructure
05, Feb 2020 | Economics
Why in News? The Union Budget 2020-21 has been presented in the parliament recently. The key provisions related to the Social Sector and infrastructure sector…
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EDUCATION & ASPIRING INDIA
04, Feb 2020 | Miscellaneous
Context: In the Union Budget 2020, Finance Minister Nirmala Sitharaman has suggested speedy implementation of the new education policy and several other measures. The budget…
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FINANCE COMMISSION
04, Feb 2020 | Budget
Why in News? The report of the Fifteenth Finance Commission, along with an Action Taken Report, was tabled in Parliament. The Commission, headed by N.K…
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DIVIDEND DISTRIBUTION TAX (DDT)
03, Feb 2020 | Budget
Why in News? Finance Minister announced abolition of DDT to be paid by companies in her budget speech. DDT: A dividend is a return given…
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INSURANCE COVER ON BANK’S DEPOSIT
03, Feb 2020 | Banking
Why in News? Finance Minister has recently proposed to increase the limit of insurance cover in case of Bank Failure on deposits to ₹5 lakh…
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PUBLIC PROCUREMENT POLICY & E-AUCTION
01, Feb 2020 | Investments, Investment models
Context: Public Procurement policy aims at incentivizing production linked through local content requirements, thereby encouraging domestic manufacturers’ participation in public procurement activities over entities merely…
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ECONOMIC SURVEY AND ITS IMPORTANCE
01, Feb 2020 | Economic Survey, Reports
Why in News? One day before the Union budget, the Chief Economic Adviser (CEA) of the country releases the Economic Survey. The Economic Survey for…
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CHEMICAL RIPENING FRUITS-POISONING
01, Feb 2020 | Agriculture, ignorance, subsidy, marketing
Context: Recently, the Delhi High Court has observed that use of chemicals to ripen fruits amounts to poisoning the somebody. Artificial Ripening of Fruits: Ripening…
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ORGANISED MANUFACTURING TO BOOST JOB GROWTH
31, Jan 2020 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? There have been several reports, both official and by independent academics, that have painted a dark picture on the jobs front. A…
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PRIVATE TRAINS IN INDIA
31, Jan 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: NITI Aayog and Indian Railways have come out with a discussion paper for running 150 trains on 100 routes by private operators. The recommendations…
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TIME TO PRIORITISE EDUCATION AND HEALTH
31, Jan 2020 | Growth, Development, National
Why in News? In the backdrop of current economic slowdown, few eminent economists have been prescribing investments in human capital formation in order to spur…
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AIR INDIA DISINVESTMENT
29, Jan 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Government has kicked off the complete disinvestment process of Air India for the second time after it failed to receive a…
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THE AVIATION TROUBLE
28, Jan 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: Indian aviation industry is staring at a fresh crisis. Recently, low-cost carrier GoAir temporarily suspended some flights, as its A320neo planes are Facing Frequent…
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ENSURING WATER SECURITY
25, Jan 2020 | Schemes
Context: Recently, the operational guidelines for Jal Jeevan Mission (JJM) has been released. The initiative aims to provide Functional Household Tap Connections (FHTC), to every…
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IS ‘MAKE IN INDIA’ A FAILURE
20, Jan 2020 | Schemes
Context: Five years later, as we brace for another Union Budget, it would be appropriate to take stock of the much-hyped initiative which is on…
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INTEGRATED ROAD ACCIDENT DATABASE (IRAD)
18, Jan 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Recently, the government has launched a Central Accident Database Management System. About Integrated Road Accident Database (IRAD): It has been developed by…
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ANNUAL STATUS OF EDUCATION REPORT (ASER) 2019
18, Jan 2020 | Growth, Development, National
Why in News? Recently, the Non-Governmental Organization (NGO) Pratham’s Annual Status of Education Report 2019 has flagged poor learning outcomes in schools. About ASER 2019:…
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COAL MINING AND ITS INVESTMENTS
10, Jan 2020 | Investments, Investment models
Why in News? Recently, the Union Cabinet has approved the ordinance that amends the Mines and Minerals (Development and Regulation) Act, 1957 and the Coal…
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INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) (AMENDMENT) REGULATIONS, 2020
09, Jan 2020 | Banking
Why in News? The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Amendments: The…
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MAINTENANCE AND WELFARE OF PARENTS AND SENIOR CITIZENS (AMENDMENT) BILL, 2019
08, Jan 2020 | Schemes
Why in News? The Maintenance and Welfare of Parents and Senior Citizens (Amendment) Bill, 2019 has been referred to the Standing Committee on Social Justice…
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2ND NATIONAL GST CONFERENCE
08, Jan 2020 | Economics
Why in News? The 2nd National GST Conference was held for streamlining the GST system. Highlights: The 2ndNational GST Conference of the Commissioners of State…
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UJALA AND SLNP
08, Jan 2020 | Schemes
Why in News? The Government of India’s UJALA & Street Lighting National Programme (SLNP) complete five successful years. UJALA: Unnat Jyoti by Affordable Lighting for…
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PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)
07, Jan 2020 | Insurance
Why in News? Maharashtra has become the first state in the country to integrate its land records with the web portal of the Pradhan Mantri…
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WEIGHING IN ON THE PUBLIC SECTOR PRIVATISATION DEBATE
02, Jan 2020 | Industries, Textile, E -Commerce, Pharma, Service
Context: While there is justification in selling loss-making units, the situation is more difficult to understand in the case of profit-making entities. Different Modes of…
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YEAR END REVIEW 2019 – MINISTRY OF ROAD TRANSPORT & HIGHWAYS
02, Jan 2020 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Major initiatives of the Ministry of Road Transport & Highways in 2019: National Electronic Toll Collection (NETC) program: The Ministry of Road Transport and Highways…
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NATIONAL INFRASTRUCTURE PIPELINE
02, Jan 2020 | Economics
The Government has recently released a report of the “Task force on National Infrastructure Pipeline” for 2019-2025. The government has also released its outline to…
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KERALA TOPS NITI AAYOG’S SDG INDEX
31, Dec 2019 | Growth, Development, National
Why in News? Kerala tops states in progress towards UN Sustainable Development Goals, while Bihar is at the bottom of recently released NITI Aayog's SDG…
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NEED A DIFFERENT APPROACH TO ADDRESS CHILD MALNUTRITION
31, Dec 2019 | Schemes
Why in News? Though National Family Health Survey-4 (NFHS-4) shows an encouraging improvement in child nutrition, the world level rankings on child nutrition draws a…
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30% OF POSHAN ABHIYAAN FUNDS USED
30, Dec 2019 | Schemes
Why in News? The State governments and the Union Territories utilised a mere 30% of the funds released under the Poshan Abhiyaan, or the National…
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FINANCE MINISTER LAUNCHES EBKRAY FOR ONLINE AUCTION OF ASSETS ATTACHED BY BANKS
30, Dec 2019 | Banking
Why in News? Finance Minister Nirmala Sitharaman discussed banking issues with chiefs of Public Sector Banks (PSBs), chief executive of Indian Banks’ Association and representatives…
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PROTECTING MINORS/CHILDREN IN CONFLICT WITH LAW
30, Dec 2019 | Schemes
Why in News? In the backdrop of protests against the Citizenship (Amendment) Act, 2019, a number of minor under the age of 18 have been…
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FREE TRADE AGREEMENT WITH THE EURASIAN ECONOMIC UNION
28, Dec 2019 | WTO, Industrial Economics
Why in News? Russia is hopeful of India concluding a new Free Trade Agreement with the Eurasian Economic Union(EAEU). Eurasian Economic Union (EAEU): The Eurasian…
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GROSS NPAS MAY RISE, SAYS RBI REPORT
28, Dec 2019 | Economics
Why in News? According to an RBI report, the gross non-performing asset (GNPA) ratio of banks may increase to 9.9% by September 2020 from 9.3%…
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A COMPLETE OVERHAUL OF INDIAN RAILWAYS
28, Dec 2019 | Economics
Why in News? India has the fourth largest railway network in the world. It has come a long way since 1950-51 in terms of number…
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ATAL BHUJAL YOJANA
27, Dec 2019 | Schemes
Why in News? Prime Minister Narendra Modi launched the Atal Bhujal Yojana to strengthen the institutional framework for participatory groundwater management and bringing about behavioural…
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“TREND AND PROGRESS OF BANKING IN INDIA 2018-19”
27, Dec 2019 | Banking
Why in News? The RBI has recently released "Trend and Progress of Banking in India 2018-19". This Report presents the performance of the banking sector…
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NO PARKING, NO CAR: NATIONAL GREET TRIBUNAL
26, Dec 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: The National Green Tribunal asked the authorities of 122 cities (which lack ambient air quality), including Delhi, to curtail registration of vehicles if they…
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SWADESH DARSHAN SCHEME
25, Dec 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The Cabinet approves the release of funds for 10 projects of the Swadesh Darshan Scheme sanctioned in 2018-19. Swadesh Darshan Scheme: The…
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DO RBI’S INFLATION TARGETING REALLY PROMOTES INDIA’S GROWTH?
24, Dec 2019 | Economics
Why in News? Indian Economy is being through a slowdown, and in this scenario, the efficacy of RBI’s Inflation targeting process has come under criticism,…
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NATIONAL POPULATION REGISTER (NPR)
23, Dec 2019 | Schemes
Why in News? The Kerala Government has recently decided to put on hold to all proceedings for updating the National Population Register (NPR). About NPR:…
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NATIONAL FOOD SECURITY MISSION (NFSM) – OILSEEDS AND OIL PALM
21, Dec 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? The Government is implementing the National Food Security Mission (NFSM) – Oilseeds and Oil Palm to increase production of oilseeds and domestic…
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OPERATION TWIST
21, Dec 2019 | Banking
Why in News? Recently, RBI has planned to conduct “Operation Twist”. About Operation Twist: Operation Twist is actually a move that is used by U.S…
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SILVER LINE RAILWAY PROJECT
20, Dec 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Ministry of Railways granted in-principle approval for the ‘Silver Line’ project, a proposal of the Kerala government that involves laying of…
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ONE NATION ONE RATION CARD SCHEME
20, Dec 2019 | Schemes
Why in News? The Centre has designed a standard format for ration cards as it moves ahead with ‘one nation, one ration card’ initiative and…
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DOES INDIA UNDERGOES STAGFLATION?
19, Dec 2019 | Inflation
Why in News? The recent deceleration in the economic growth and sharply rising inflation, there is a growing murmur about India facing stagflation. What is…
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COMPREHENSIVE LACTATION MANAGEMENT CENTRES
17, Dec 2019 | Miscellaneous
Why in News? Breast Milk Banks in India are known as Comprehensive Lactation Management Centres (CLMC) and Lactation Management Unit (LMU) depending on the level…
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MINISTRY OF SKILL DEVELOPMENT SKILLS BUILD PLATFORM IN COLLABORATION WITH IBM
16, Dec 2019 | Investments, Investment models
Why in News? India is the 4thcountry where Skills Build platform was launched in November 2019, in alliance with the Directorate General of Training (DGT),…
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DIVERSION OF LPG CYLINDERS FOR COMMERCIAL USE
13, Dec 2019 | Schemes
Why in News? The Comptroller and Auditor General (CAG), in its report on the Pradhan Mantri Ujjwala Yojana (PMUY), have highlighted the risk of diversion…
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CABINET APPROVES AMENDMENT TO IBC CODE
13, Dec 2019 | Economics
Why in News? The Union Cabinet has recently approved certain crucial amendments to the IBC code, 2016 through Insolvency and Bankruptcy (Second Amendment) Bill, 2019.…
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PARTIAL CREDIT GUARANTEE SCHEME
13, Dec 2019 | Economics
Why in News? The Union Cabinet has recently approved the Partial Credit Guarantee Scheme for the benefit of the banks and NBFCs. Background Info: Over…
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INFRASTRUCTURE INVESTMENT TRUST (INVIT)
13, Dec 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Recently, Cabinet authorises NHAI to set up Infrastructure Investment Trust About InvIT: It will be established as a Trust, named as ‘InvIT…
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MISSION FOR INTEGRATED DEVELOPMENT OF HORTICULTURE (MIDH)
11, Dec 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? Information about the MIDH was provided by the Union Minister of Agriculture and Farmers’ Welfare in the Lok Sabha. MIDH: The MIDH…
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PROTECTION OF PLANT VARIETIES AND FARMERS’ RIGHTS AUTHORITY AMENDS IT’S FAQ DOCUMENT
11, Dec 2019 | Schemes
Why in News? The government has decided to set up an expert committee revise the FAQ document of the Protection of Plant Varieties and Farmers’…
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FATAL FIRES: THE NEED FOR STRICT SAFETY NORMS
11, Dec 2019 | Miscellaneous
The Discovery and use of firemay be regarded as the beginning of civilization. Anthropologist Claude Levi-Straus said that ‘primitive people became different From Animals when they…
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PALESTINE-INDIA TECHNO PARK
09, Dec 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Representative of India to Palestine released third tranche of funding, worth $3 million, for the construction of a Palestine-India Techno Park.…
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KALIA SCHEME
09, Dec 2019 | Schemes
Why in News? Odisha government has decided to merge its KALIA Scheme with centre’s PM-KISAN Scheme recently. About KALIA Scheme? KALIA or “Krushak Assistance for…
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A POTENTIAL SEEDBED FOR PRIVATE PROFITS
07, Dec 2019 | Schemes
Context: Seeds Bill 2019 which was introduced in the parliament was taken up for consideration recently. The earlier versions of the Bill, in 2004 and…
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GUIDELINES FOR “ON TAP LICENSING” OF SMALL FINANCE BANKS
07, Dec 2019 | Economics
Context: The RBI has recently released the Guidelines for “on tap Licensing” of Small Finance Banks in the Private Sector. What is On-Tap Licensing? An…
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RBI KEEPS INTEREST RATES UNCHANGED
06, Dec 2019 | Inflation
Why in News? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the interest rate unchanged at 5.15% in…
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INITIATIVES FOR PROMOTING LEATHER INDUSTRY
06, Dec 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The government aims at the development of infrastructure for the leather sector, address environment concerns specific to the leather sector, facilitate Additional…
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FUGITIVE ECONOMIC OFFENDERS
06, Dec 2019 | Schemes
Why in News? A special court on Thursday declared absconding Nirav Modi, prime accused in the Punjab National Bank scam, a fugitive economic offender (FEO).…
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GOVERNMENT PROCURED ONLY 3% OF OILSEEDS AND PULSES UNDER PM-AASHA
05, Dec 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? Data from Agriculture Ministry has indicated that only less than 3% of this season’s sanctioned amount of pulses and oilseeds have actually…
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BHARAT BOND EXCHANGE TRADED FUND
05, Dec 2019 | Investments, Investment models
Why in News? The Cabinet Committee on Economic Affairs (CCEA) has given its approval for creation and launch of Bharat Bond Exchange Traded Fund (ETF).…
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RATNA STATUS TO CPSES
05, Dec 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The criteria laid down by the Government for grant of Maharatna, Navratna and Miniratna status to Central Public Sector Enterprises (CPSEs) is…
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PEDESTRIAN DEATHS IN ROAD ACCIDENTS
04, Dec 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Ministry of Road Transport & Highways has formulated a multi-pronged strategy to address the issue of road safety based on Education,…
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THE TRANSGENDER PERSONS (PROTECTION OF RIGHTS) BILL, 2019
04, Dec 2019 | Schemes
Why in News? Rajya Sabha has recently passed “The Transgender Persons (Protection of Rights) Bill, 2019” without any Amendments. About Transgenders: Transgender community includes Hijras,…
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STOP THE BRUTALITY: THE RAPE CULTURE IN INDIA
03, Dec 2019 | Miscellaneous
The recent issue of rape in Hyderabad has triggered an intense debate on sexual violence, and the punishment that should be meted out to perpetrators.…
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WHO IS A FARMER?
02, Dec 2019 | Economics
Why in News? Union Agriculture Minister has failed to answer the question regarding the definition of farmer, when it was asked in Parliament last week.…
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INDUSTRIAL RELATIONS CODE BILL, 2019
30, Nov 2019 | Industries, Textile, E -Commerce, Pharma, Service
Context: The Industrial Relations Code Bill, 2019 bill has been recently introduced in the Lok Sabha. Background: As a part of its ease of doing…
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GDP GROWTH PLUNGES TO 4.5%
30, Nov 2019 | Growth, Development, National
Why in News? The government has announced that Growth in the gross domestic product (GDP) in the July-September quarter hit a 25-quarter low of 4.5%.…
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OPERATION BLACKBOARD COMES HOME IN TELANGANA
27, Nov 2019 | Schemes
Why in News? Over 41,000 women in Telangana’s Sangareddy district can now fell the power of the written word after learning the alphabet for the…
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HELPING 10-YEAR-OLDS TO READ BY 2030
26, Nov 2019 | Growth, Development, National
Context: India has been successful in increasing access to school, but now the focus must shift to quality. Global Learning Crisis: For most children, turning…
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GDP SLUMP WILL HIT $5-TRILLION ECONOMY TARGET
23, Nov 2019 | Growth, Development, National
Why in News? NITI Aayog has warned the Government that GDP slump will hit $5-trillion economy target. What did NITI Aayog said? The nominal GDP…
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THE INDUSTRIAL RELATIONS CODE BILL, 2019
22, Nov 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The Union Cabinet on Wednesday approved The Industrial Relations Code Bill, 2019. About the Bill: The Industrial Relations Code Bill, 2019 proposes…
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SPIKE IN INDIAN ROAD ACCIDENTS
20, Nov 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Ministry of Road Transport and Highways recently released the annual report on road accidents in India. What does the Report Say?…
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HOUSEHOLD CONSUMER EXPENDITURE SURVEY
19, Nov 2019 | Economics
Why in News? Govt has scrapped this year’s NSOs Consumer Expenditure survey Over Data Quality. Consumer Expenditure Survey: The Consumer Expenditure Survey (CES) is usually…
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MATERNITY SCHEME REACHES ONLY ONE-THIRD OF BENEFICIARIES
19, Nov 2019 | Schemes
Why in News? Researchers assert that extrapolation of RTI data show only 31% of eligible mothers got benefits. About Maternity Benefit Scheme: Pradhan Mantri Matru…
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DEPOSIT INSURANCE COVER TO BE RAISED?
19, Nov 2019 | Insurance
Why in News? The central government now plans to raise the cover of deposit insurance after the failure of the Punjab and Maharashtra Co-operative (PMC)…
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SUPREME COURT’S JUDGMENT ON ESSAR’S INSOLVENCY CASE
18, Nov 2019 | Banking
Why in News? The Supreme Court has recently given its judgement in the Essar Insolvency case that has paved the way for ArcelorMittal and Nippon…
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BASE YEAR IN GDP CALCULATIONS
14, Nov 2019 | Economics
Why in News? At a time when India is facing an economic slowdown in GDP growth the Ministry of Statistics and Programme Implementation announced that…
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SHRINKAGE IN IIP RECORDED THE LOWEST IN 8 YEARS
12, Nov 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? According to official data released recently, Industrial activity in September contracted sharply by 4.3%, a historical low, driven by major slowdowns in…
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STEEL SCRAP RECYCLING POLICY
11, Nov 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Ministry of Steel has issued the Steel Scrap Recycling Policy. Background: Steel Ministry’s endeavor is to develop a globally competitive steel industry…
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MOODY DOWNGRADES INDIA’S RATING
09, Nov 2019 | Growth, Development, National
Why in News? Global ratings agency Moody's Investors Service has recently cut India's ratings outlook to 'negative' from 'stable' but affirmed the Baa2 foreign-currency and…
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RBI PANEL MOOTS TIGHTER NORMS FOR CICS
08, Nov 2019 | Banking
Why in News? In 2018, Infrastructure Leasing and Financial Company (IL&FS), a core Investment company (CIC) with over 300 subsidiaries, defaulted on its payment following…
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ALTERNATIVE INVESTMENT FUNDS (AIFS)
08, Nov 2019 | Investments, Investment models
Why in News? The Union Cabinet has recently approved the creation of an Alternative Investment Fund (AIF) of Rs. 25,000 crores for the realty sector.…
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ADJUSTED GROSS REVENUE (AGR) IN TELECOM SECTOR
05, Nov 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? In a strongly-worded order, the Supreme Court of India upheld the Department of Telecom (DoT)’s interpretation of “adjusted gross revenue” (AGR). This…
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“GLOBAL MICROSCOPE 2019: THE ENABLING ENVIRONMENT FOR FINANCIAL INCLUSION REPORT”.
05, Nov 2019 | Banking
Why in News? The Economist Intelligence Unit has released the 2019 edition of “Global Microscope: The enabling environment for Financial Inclusion report”. The report assessed…
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MERGER OF BSNL AND MTNL
30, Oct 2019 | Economics
Why in News? In an effort to revive the beleaguered state-owned telecom firms BSNL and MTNL, the Union Cabinet on Wednesday approved a package worth…
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EASE OF DOING BUSINESS INDEX
25, Oct 2019 | Economics
Why in News? India climbed 14 ranks in the World Bank’s Ease of Doing Business 2020 survey to stand at 63, among 190 countries, making…
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KHADI AND VILLAGE INDUSTRIES COMMISSION
23, Oct 2019 | Governance
Why in News? The Khadi and Village Industries Commission (KVIC) and the Goa State Government have joined hands with an aim to generate employment opportunities…
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LIVESTOCK CENSUS
18, Oct 2019 | Economics
Why in News? Department of Animal Husbandry & Dairying releases 20th Livestock Census; Total Livestock population increases 4.6% over Census-2012, Increases to 535.78 million Livestock…
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INDIA INTELLECTUAL PROPERTY (IP) GUIDE
17, Oct 2019 | Economics
Why in News? The Services Export Promotion Council (SEPC), set up by the Ministry of Commerce & Industry, has brought out the India Intellectual Property…
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IMF’S WORLD ECONOMIC OUTLOOK (WEO)
17, Oct 2019 | Reports
Context: International Monetary Fund (IMF) has released its report “World Economic Outlook” (WEO)- 2019 recently. About the Report: The World Economic Outlook is a biennial…
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INTERCONNECT USAGE CHARGE (IUC)
16, Oct 2019 | Economics
Why in News? Telecom Regulatory Authority of India (TRAI) has decided to review the scrapping of interconnect usage charge from January 2020. What is IUC?…
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RANDOMISED CONTROLLED TRIAL (RCT)
16, Oct 2019 | Economics
Why in News? The new Economics Nobel laureates - Abhijit Banerjee, Esther Duflo and Michael Kremer - are considered to be instrumental in using randomised…
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NOBEL PRIZE FOR ECONOMICS
15, Oct 2019 | Economics
Why in News? The Royal Swedish Academy of Sciences has decided to award the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred…
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GLOBAL COMPETITIVENESS INDEX 2019
10, Oct 2019 | Reports
Why in News? The annual Global Competitiveness Index (GCI) compiled by Geneva-based World Economic Forum (WEF) is released. India slipped to 68th rank in the…
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CABINET HIKES DEARNESS ALLOWANCE BY 5%
10, Oct 2019 | Inflation
Why in News? The Union Cabinet decided to increase the Dearness Allowance (or DA) that it pays its current employees and existing pensioners by 5…
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GREEN CHANNEL COMBINATION
09, Oct 2019 | Economics
Why in News? Putting in place a speedier approval mechanism, Competition Commission has introduced a green channel route for clearing certain categories of mergers and…
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TAX RELIEF FOR FOOD AT INCORPORATED CLUBS
07, Oct 2019 | Taxes and Taxation
Why in News? In a significant judgment, the Supreme Court has held that supply of food, drinks and beverages by an incorporated members’ club to…
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WORLD COTTON DAY
07, Oct 2019 | Economics
Why in News? The Ministry of Textiles, Government of India, is participating in the World Cotton Day event being observed from 7th October to 11th…
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TITLE INSURANCE
05, Oct 2019 | Economics
Why in News? The Insurance Regulatory and Development Authority of India has constituted a working group that will revisit the product structure of title insurance.…
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BHARAT 22 ETF
04, Oct 2019 | Investments, Investment models
Why in News? The Further Fund Offer 2 (FFO 2) of Bharat 22 Exchange-Traded Fund (ETF), which is part of the government’s divestment programme, will…
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PRAKASH PORTAL
04, Oct 2019 | Economics
Why in News? Ministry of Power launched PRAKASH (Power Rail Koyla Availability through Supply Harmony) About PRAKASH (Power Rail Koyla Availability through Supply Harmony) Portal:…
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SOVEREIGN GOLD BONDS SCHEME 2019 – 2020
02, Oct 2019 | Governance
Why in News? The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. Sovereign Gold Bond…
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GREEN ENERGY TARGET LACKS DEADLINE
02, Oct 2019 | Environment
Why in News? Prime Minister Narendra Modi at the Climate Action Summit in New York announced India’s ambitious aim to increase its renewable energy target…
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FISCAL RESPONSIBILITY AND BUDGET MANAGEMENT ACT (FRBM)
02, Oct 2019 | Economics
Why in News? States’ gross fiscal deficit (GFD) has remained within the Fiscal Responsibility and Budget Management Act (FRBM) threshold of 3% of gross domestic…
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BAN ON EXPORT OF ONION
01, Oct 2019 | Economics
Why in News? Union ministry of commerce and industry amended export policy of onion from free to prohibited, which amounts to banning of onions from…
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EIGHT CORE SECTORS SHRINK 0.5% IN AUGUST
01, Oct 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? The eight core sectors that form the bellwether for the Indian economy slumped in August to their lowest growth in four years…
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APPRENTICESHIP (AMENDMENT) RULES, 2019
01, Oct 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? Central government has notified changes in Apprenticeship Rules (1992) with an aim to increase skilled manpower in the country, and raise monetary…
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INDUSTRY 4.0
30, Sep 2019 | Economics
Why in News? A Pilot Project for ushering in ‘Industry 4.0’ in the country, is launched for implementation at the Modern Coach Factory (MCF), Raebareli.…
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WORRY FOR ECONOMY: LABOUR’S CONTRIBUTION TO INCOME KEEPS DIPPING
29, Sep 2019 | Growth, Development, National
Why in News? Labour’s share to national incomes has been declining in both developing and developed countries for around four decades now, highlighted the latest…
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ADDRESSING THE DEMAND DROUGHT IN OUR ECONOMY
29, Sep 2019 | Growth, Development, National
Background: A persistent slowdown has dragged economic growth in India down to 5% in the fiscal first quarter, weakest in more than six years. Recent…
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16^TH GLOBAL SME BUSINESS SUMMIT
25, Sep 2019 | Economics
Why in news? Union Minister Shri Nitin Gadkari inaugurated the 16th Global SME Business Summit 2019 in New Delhi on 24th September. Global SME Business…
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NATIONAL CONCLAVE ON ENERGY EFFICIENCY IN MSME SECTOR
25, Sep 2019 | Governance
Why in News? The National Conclave on Energy Efficiency in MSME sector was inaugurated by Union Ministers in Hyderabad. Highlights: The two-day Conclave was organized…
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PARTICIPATORY GUARANTEE SYSTEM (PGS)
24, Sep 2019 | Governance
Why in News? Chairperson of the Food Safety and Standards Authority of India (FSSAI) said on the sidelines of a function of Food and Agriculture…
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A DEEP CUT IN THE CORPORATE TAXES
23, Sep 2019 | Taxes and Taxation
Context: In order to revive the economy from the economic slowdown, the Finance Minister has announced a slew of major changes in corporate income tax…
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37^TH GST COUNCIL MEETING
21, Sep 2019 | Taxes and Taxation
Why in News? The 37th GST Council met on 20th September 2019 in Goa under the chairmanship of Union Finance Minister. Key Recommendations: Relaxations in…
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NIRVIK SCHEME
18, Sep 2019 | Schemes
Why in News? To enhance the loan availability of exporters, and the MSME sector the Export Guarantee Corporation of India (ECGC) has launched a new…
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IMPACT OF ATTACK ON SAUDI ARABIA’S OIL FACILITY
18, Sep 2019 | Economics
Why in News? Last week the Houthis, a rebel Shia group of Yemen that is backed by Iran, bombed the Abqaiq plant as well as…
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MEASURES TO ENHANCE IPR ECOSYSTEM THROUGH LOWER FEES
17, Sep 2019 | Economics
Why in News? The Ministry of Commerce and Industry has proposed to reduce the fees for various IPRs (Intellectual Property Rights). Highlights: The fee structure…
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DIGITAL CERTIFICATES OF ORIGIN & STEEL IMPORT MONITORING SYSTEM
17, Sep 2019 | Economics
Why in News? In continuation of Finance Minister announcements to revive the export sector, Commerce Minister has launched the common digital platform for the issuance…
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NEW MEASURES TO BOOST EXPORTS AND HOUSING SECTOR
15, Sep 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Finance Minister Nirmala Sitharaman has announced a fresh set of measures worth around 70,000 crore rupees to boost exports and housing sector.…
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GOVT IMPOSES MINIMUM EXPORT PRICE ON ONION
14, Sep 2019 | Economics
Why in News? The government has imposed a minimum onion export price of 850 US dollars per tonne to curb its exports and help bring…
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MARKET INTERVENTION PRICE SCHEME
12, Sep 2019 | Economics
Why in News? Kashmir’s famed apple is battling to get exported outside the State this year as militants are campaigning against the fruit’s trade. The…
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THE NATIONAL AGRICULTURAL COOPERATIVE MARKETING FEDERATION OF INDIA (NAFED)
11, Sep 2019 | Economics
Context: NAFED has been tasked with purchasing all the apples that growers bring to sell at mandis in the Kashmir Valley. Background: The National Agricultural…
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INDIA’S SECOND MULTI-MODEL TERMINAL
11, Sep 2019 | Economics
Why in News? The Prime Minister dedicated to the nation India’s second riverine Multi-Modal terminal built at Sahibganj in Jharkhand This is the second of…
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‘ANGAN’- INTERNATIONAL CONFERENCE ON ENERGY EFFICIENCY IN BUILDING SECTOR
10, Sep 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? An international conference ANGAN (Augmenting Nature by Green Affordable New-habitat) focussed on Energy Efficiency in Building Sector The Conference is being organised…
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NATIONAL INFRASTRUCTURE PIPELINE OF RS. 100 LAKH CRORE
09, Sep 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these…
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FIRST MEGA FOOD PARK OF TELANGANA STATE
09, Sep 2019 | Economics
Why in News? Union Minister of Food Processing Industries today inaugurated the first Mega Food Park in Telangana promoted by M/s Smart Agro Food Park…
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EXTERNAL BENCHMARK-BASED LENDING
08, Sep 2019 | Banking
Why in News? The RBI has made it mandatory for all banks to link floating rate loans — to retail customers and loans to micro,…
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INSTITUTIONS OF EMINENCE (IOE) SCHEME
06, Sep 2019 | Schemes
Why in News? The Human Resource Development Ministry has awarded the status of Institute of Eminence to the IIT-Madras, the IIT-Kharagpur, Delhi University, Benares Hindu…
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‘EAT RIGHT INDIA’ CAMPAIGN
06, Sep 2019 | Schemes
Why in News? Government of India launches ‘Eat Right India’ to tackle lifestyle diseases. Need for Such Campaign: India is passing through an epidemiological shift…
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CBDT ENTERS INTO 26 APAS
05, Sep 2019 | Taxes and Taxation
Why in News? The Central Board of Direct Taxes (CBDT) has entered into 26 Advance Pricing Agreements (APAs) in the first 5 months of the…
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ETHANOL BLENDED PETROL (EBP) PROGRAMME
04, Sep 2019 | Economics
Why in News? The Cabinet Committee on Economic Affairs has given its approval for fixing higher ethanol price derived from different raw materials under the…
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AUTOMATIC EXCHANGE OF INFORMATION (AEOI) REGIME
03, Sep 2019 | Economics
Why in News? Banking details of Indians with accounts in Switzerland will be available to tax authorities as the automatic exchange of information regime kicks…
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STEERING COMMITTEE ON FINTECH RELATED ISSUES
03, Sep 2019 | Insurance
Why in News? The Steering Committee on Fintech related issues constituted by the Ministry of Finance, Department of Economic Affairs, submitted its Final Report. Fintech…
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INDIA TO GET SWISS BANK DETAILS OF INDIANS
01, Sep 2019 | Economics
Why in News? From September 1, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018.…
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ECONOMICS BEHIND E-VEHICLE BATTERIES
01, Sep 2019 | Economics
Background: Shifting gears in the transition to electric vehicles (EVs), the NITI Aayog, in May this year, proposed to ban the sale of all internal…
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100% FDI IN COAL WILL BOOST COMPETITIVENESS
31, Aug 2019 | Economics
Why in News? The Centre’s recently announced 100% foreign direct investment (FDI) in the coal sector. Highlights: India is one of the largest importers of…
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MERGER OF PUBLIC SECTOR BANKS
31, Aug 2019 | Banking
Context: The Centre has announced a mega amalgamation plan, aimed at improving their financial health and enhancing their lending capacity to support growth. Highlights: The…
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CABINET APPROVES PROPOSAL FOR REVIEW OF FDI POLICY ON VARIOUS SECTORS
30, Aug 2019 | Economics
Why in News? The Union Cabinet has approved the proposal for Review of Foreign Direct Investment on various sectors. FDI: Foreign direct investment (FDI) is…
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TECH SAKSHAM
29, Aug 2019 | Economics
Why in News? The Union Ministry for Micro, Small and Medium Enterprises (MSME) has launched a project named ‘Tech Saksham’ to accelerate MSME growth through…
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HOW AND WHY RBI TRANSFERS TO GOVERNMENT
28, Aug 2019 | Banking
Context: The Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal. Background: RBI Board accepted the recommendations of a committee…
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ECONOMIC CAPITAL FRAMEWORK
28, Aug 2019 | Banking
Why in News? The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government, which may help the…
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DEVELOPMENT FINANCIAL INSTITUTION (DFI)
27, Aug 2019 | Economics
Why in News? The government has proposed to set up a Development Financial Institution (DFI) to solve the infrastructure financing needs of the country. Highlights:…
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SPECIAL DATA DISSEMINATION STANDARDS (SDDS) OF IMF
27, Aug 2019 | Economics
Why in News? In 2018, India failed to comply with multiple requirements prescribed in the Special Data Dissemination Standard (SDDS) mandatory for all IMF members.…
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NATIONAL PRODUCTIVITY COUNCIL
26, Aug 2019 | Economics
Why in News? A two-day National Conference on Capacity Building of Sustainable Food Value Chains for Enhanced Food Safety and Quality organized by National Productivity…
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PRICE STABILISATION FUND (PSF)
26, Aug 2019 | Schemes
Why in News? Onions for retailing by Safal is being made available at present from the government stock built under Price Stabilisation Fund (PSF). It…
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NEW FPI NORMS
24, Aug 2019 | Capital Market
Context: SEBI has relaxed the FPI norms to check the outflows of FPIs from India. SEBI relaxes Foreign Portfolio Investors (FPI) norms by easing the…
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CAPACITY BUILDING OF SUSTAINABLE FOOD VALUE CHAINS
23, Aug 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? A National Conference on Capacity Building of Sustainable Food Value Chains for Enhanced Food Safety and Quality was organized by National Productivity…
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DEBENTURE REDEMPTION RESERVE
23, Aug 2019 | Capital Market
Why in News? The Centre has removed Debenture Redemption Reserve (DRR) requirement for listed companies, NBFCs and housing finance companies (HFCs). Debenture redemption reserve (DRR):…
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ONE NATION, ONE RATION CARD SCHEME: A BOON FOR POOR MIGRANTS
22, Aug 2019 | Schemes
Context: Government has launched the pilot project for the inter-state portability of ration cards between Telangana and Andhra Pradesh, and between Maharashtra and Gujarat, as…
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ULTRA-MEGA SOLAR PARK
21, Aug 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context:National energy major NTPCis planning to set up an ultra-mega solar park in the Kutch region of Gujarat that will produce up to 5,000 megawatts…
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HOW FORESTS CAN HELP IN DOUBLING FARMERS’ INCOME
21, Aug 2019 | Agriculture, ignorance, subsidy, marketing
Background The Government of India is working out a plan to double farmers’ income by 2022. The government plans to take up a number of…
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INDIAN LIVESTOCK
19, Aug 2019 | Economics
Context: India's Livestock Export Potential Can't Be Realised Till We Eradicate Foot-and-Mouth Disease Stats- In India, livestock contributes over 4% to the country’s total GDP.…
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GOVT. ISSUES GUIDELINES FOE ₹1 TRILLION PARTIAL CREDIT GUARANTEE FOR NBFCs
17, Aug 2019 | Banking
Why in news? In pursuance of the announcement made in the Union Budget 2019-20 the Government has issued a scheme regarding partial credit guarantee on…
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GOVERNMENT PLANS TO EXIT 23 CPSEs
17, Aug 2019 | Economics
Why in News? Government has given ‘in-principle’ approval for strategic disinvestment of 23 Central Public Sector Enterprises (CPSEs) including subsidiaries, units and joint ventures. Difference…
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RBI ISSUES FINAL NORMS FOR REGULATORY SANDBOX
16, Aug 2019 | Insurance
Why in News? The Reserve Bank of India (RBI) has issued the final framework for regulatory sandbox in order to enable innovations in the financial…
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COMPETITION LAW REVIEW COMMITTEE
16, Aug 2019 | Governance
Why in News? Shri Injeti Srinivas, Secretary (Corporate Affairs) presented the Report of the Competition Law Review Committee Highlights: The Government constituted a Competition Law…
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CSR EXPENDITURE TO BE MADE TAX DEDUCTIBLE
14, Aug 2019 | Economics
Why in News? Shri Injeti Srinivas, Secretary (Corporate Affairs), presented the Report of the High Level Committee on CSR to the Union Minister of Finance…
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NEGATIVE RATE POLICY
14, Aug 2019 | Banking
Context: Negative rate policy – once considered only for economies with chronically low inflation such as Europe and Japan – is becoming a more attractive…
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US-CHINA TRADE WAR
14, Aug 2019 | Economics
Context: Researchers at Morgan Stanley have alerted that if US and China continue to heap increasing tariff and non-tariff barriers over the next four to…
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CERTIFICATION OF SEEDS TO BE MADE MANDATORY TO STEP UP FARM OUTPUT
14, Aug 2019 | G3 – Policies
Context: The Centre is planning to mandate uniform certification by pushing through a replacement to the Seeds Act, 1966. Background: More than half of all…
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ZERO DEFECT AND ZERO EFFECT SCHEME
13, Aug 2019 | Governance
Why in News? The Government has launched a scheme namely “Financial Support to MSMEs in ZED Certification Scheme”. Highlights: The objective of the scheme for…
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MUKHYA MANTRI KRISHI ASHIRWAD YOJNA
12, Aug 2019 | Governance
Why in News? The Vice President of India, Shri M. Venkaiah Naidu has called for introducing structural reforms in the agricultural sector along with financial…
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LINKING FARMERS TO FUTURES MARKET IN INDIA
12, Aug 2019 | Capital Market
Why in News? The Indian Council for Research on International Economic Relations (ICRIER) study suggests the need to empower the Farmer Producer Organizations (FPOs) to…
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PRADHAN MANTRI KISAN MAAN-DHAN YOJANA (PM-KMY)
11, Aug 2019 | Governance
Context: The PM-KMY was launched by Agriculture Minister which entitles eligible farmers for monthly pension of ₹3,000 per month on attaining the age of 60.…
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INDIAN ECONOMY SLOWDOWN
10, Aug 2019 | Economics
Context- The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such…
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AUTO INDUSTRY SLOWDOWN
09, Aug 2019 | Economics
Context: Federation of Automobile Dealers Associations has stated that nearly 2 lakh jobs have been cut in the last three months due to the slowdown.…
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RBI CUT LENDING RATE BY 35 BASIS POINTS
08, Aug 2019 | Constitutional Bodies, Regulatory Bodies
Context: In a bid to augur economic activity amidst slowing consumption demand, the monetary policy committee of Reserve Bank of India on Wednesday unanimously decided…
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US TREASURY LABELS CHINA A ‘CURRENCY MANIPULATOR’
06, Aug 2019 | Economics
Context: The Trump administration formally labeled China a currency manipulator, further escalating its trade war with Beijing after the country’s central bank allowed the yuan…
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PASHMINA PRODUCTS RECEIVE BIS CERTIFICATION
04, Aug 2019 | Economics
Why in News? Bureau of Indian Standards (BIS) has published an Indian Standard for identification, marking and labelling of Pashmina products to certify its purity.…
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KABIL SET UP TO ENSURE SUPPLY OF CRITICAL MINERALS
03, Aug 2019 | Economics
Why in News? A joint venture company namely Khanij Bidesh India Ltd. (KABIL) is to be set up to ensure a consistent supply of critical…
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NATIONAL TIME RELEASE STUDY
03, Aug 2019 | Economics
Why in News? The Department of Revenue, Ministry of Finance, as part of its strategic commitment to improve global trade, is conducting India’s first National…
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GOVERNMENT TO SUPPORT INDIA’S IT INDUSTRY
02, Aug 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? Union Minister of Commerce & Industry and Railways, held a meeting with senior managers of IT companies in New Delhi IT Industry…
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REGULATORY SANDBOX
01, Aug 2019 | Insurance
Why in News? The Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of regulatory sandbox (RS) to promote new, innovative…
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WORLDSKILLS INTERNATIONAL COMPETITION 2019
01, Aug 2019 | Economics
Why in News? Ministry of Skill Development & Entrepreneurship (MSDE), Government of India announced that a 48-member contingent will represent India at the biggest showcase…
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SULPHUR BASED FERTILIZER
01, Aug 2019 | Agriculture, ignorance, subsidy, marketing
Context: The Cabinet Committee on Economic Affairs (CCEA), gave its nod for raising the subsidized prices of sulphur-based fertilizers. Purpose: The move is aimed at…
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GREEN BONDS AND CLIMATE CHANGE
31, Jul 2019 | Climate change and its impacts
Context: New study finds firms that have adopted green bonds benefit from both positive financial and environmental outcomes. What Are Green Bonds: A green bond…
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ZERO BUDGET NATURAL FARMING
28, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Why in News: Finance Minister in her budget speech referred to “back to basics “approach while speaking about Zero Budget Natural Farming. What is Zero…
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INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI)
27, Jul 2019 | Banking
Why in news? The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons)…
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NORTH EASTERN REGION VISION 2020
26, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? North Eastern Region Vision 2020 document provides an overarching framework for the development of the North Eastern Region. The main objective is…
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FAIR AND REMUNERATIVE PRICE’ OF SUGARCANE
25, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal in respect of Determination of ‘Fair and Remunerative Price’ of sugarcane…
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INDIA’S R&D EXPENDITURE ECO-SYSTEM REPORT
25, Jul 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? A special session was held to discuss India’s Research and Development (R&D) expenditure eco-system report during the Global launch of Global Innovation…
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BENGALURU GOES LIVE WITH FACIAL BIOMETRICS-BASED AIR TRAVEL
25, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Kempegowda International Airport (KIA) rolled out a biometric-based self-boarding facility. Highlights: The passengers had the option of boarding a flight without…
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GLOBAL INNOVATION INDEX (GII)
24, Jul 2019 | Economics
Context: India climbs five ranks in global innovation index to the 52nd position Union Minister of Commerce & Industry and Railways launched the Global Innovation…
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WILLFUL DEFAULTER
24, Jul 2019 | Economics
Context: Rajya Sabha was informed by the Minister of Finance informed about the mechanisms in place to deter wilful defaulters, curb incidence of wilful defaults,…
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TERROR FINANCING
24, Jul 2019 | Economics
Context: Minister of Home Affairs informed Lok Sabha today about the steps being taken to combat Terror Financing and circulation of Fake Indian Currency Notes…
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NO COMPROMISE ON AIR SAFETY: MINISTRY OF CIVIL AVIATION
23, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Speaking at the International conference cum awards on civil aviation and cargo, the Minister of State(I/c) for Civil Aviation, Housing & Urban…
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PRIVATE SECTOR INVESTMENT IN DEFENCE PRODUCTION
23, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The defence industry sector was opened up to 100% for private sector participation in May 2001 through licensing. Highlights: Defence Procurement Procedure…
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UJH AND BASANTAR BRIDGES IN J&K
23, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Raksha Mantri inaugurated the One-kilometre long Ujh bridge in Kathua district, 617.40-Metre-long Basantar bridge in Samba district of Jammu & Kashmir today…
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PANEL FAVOURS CRYPTOCURRENCY BAN IN INDIA
23, Jul 2019 | G3 – Policies
Context: The committee headed by finance secretary Subhash Chandra Garg has proposed a draft bill “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill,…
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DIBANG MULTIPURPOSE PROJECT
19, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Cabinet Committee on Economic Affairs has approved the expenditure on pre-investment activities and various clearances for Dibang Multipurpose Project (MPP) in…
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SEVA BHOJ YOJANA
17, Jul 2019 | Schemes
Why in News? Seva Bhoj Yojna’ is a Central Sector Scheme of the Ministry of Culture, Government of India. It envisages to reimburse the Central…
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NATIONAL RURAL BANK OF INDIA.
17, Jul 2019 | Economics
Context- Govt is thinking of formation of National Rural Bank of India in order to consolidate in Regional rural Banks (RRB). Parliamentary Standing Committee on…
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SAGARMALA PROJECT
15, Jul 2019 | Agriculture, ignorance, subsidy, marketing
The Sagarmala is a series of projects to leverage the country’s coastline and inland waterways to drive industrial development. It was originally mooted by the…
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BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019
12, Jul 2019 | Banking
Why in News? The Union Cabinet has approved the banning of Unregulated Deposit Schemes Bill, 2019. It will replace the banning of Unregulated Deposit Schemes…
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INDIAN NUCLEAR INSURANCE POOL
12, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The Government has created an Indian Nuclear Insurance Pool (INIP) in June 2015, a union minister informed in Lok Sabha. Indian Nuclear…
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PONZI SCAMS
11, Jul 2019 | Banking
Background The Union Cabinet Wednesday approved Banning of Unregulated Deposit Schemes Bill with an aim to tackle the menace of illicit deposit- taking activities in…
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KISAN SUVIDHA MOBILE APP
11, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? Kisan Suvidha is an omnibus mobile app developed by Department of Agriculture & Cooperation, Ministry of Agriculture and Farmers Welfare to help…
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CAPITAL TO RISK-WEIGHTED ASSETS (CRAR)
10, Jul 2019 | Banking
CRAR: Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank’s capital to its risk. The…
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ETHANOL AND SUGAR MILLS
08, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Context- Recently Union Minister for Road Transport & Highways exhorted sugar mills to switch to producing ethanol. Issues: The surplus production of sugar is a…
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COTTON CROP
08, Jul 2019 | Agriculture, ignorance, subsidy, marketing
About It is Kharif Crop. The research system of India has also developed some varieties having three basic colours in naturally coloured cotton -brown, grey…
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ZERO BUDGET NATURAL FARMING
07, Jul 2019 | Economics
Why in News? The Finance Minister Nirmala Sitharaman announced a proposal of Zero Budget Natural Farming in budget 2019 for doubling farmer’s income in the…
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KISAN CREDIT CARD SCHEME
06, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? The Government of India has extended the facility of Kisan Credit Card (KCC) to fisheries and animal husbandry farmers to help them…
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WORKING GROUP ON CORE INVESTMENT COMPANIES
06, Jul 2019 | Investments, Investment models
Why in News? The Reserve Bank of India (RBI) has constituted a working group to review the regulatory guidelines and supervisory framework applicable for Core…
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AGRICULTURAL EXPORT POLICY
06, Jul 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? The Union Cabinet approved the Agriculture Export Policy, 2018. The Cabinet has also approved the proposal for establishment of Monitoring Framework at…
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WIND ENERGY IN INDIA
05, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context- India’s emerging green economy will require additional investments of around $80 billion till 2022, growing more than threefold to $250 billion during 2023-30, Aim:…
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KEY HIGHLIGHTS OF ECONOMIC SURVEY 2018-19
05, Jul 2019 | Economic Survey, Reports
The Union Minister for Finance and Corporate Affairs tabled the Economic Survey 2018-19 in the Parliament. The Key Highlights of Economic Survey 2018-19 are as…
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BLUEPRINT TO ACHIEVE PRIME MINISTER’S VISION FOR $5 TRILLION ECONOMY
05, Jul 2019 | Economic Survey, Reports
Context: The Economic Survey lays down the strategic blueprint for fructifying the Prime Minister’s vision of India becoming a $5 trillion economy by 2025. The…
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Jal Shakti Abhiyan
04, Jul 2019 | Schemes
Why in News? Jal Shakti Abhiyan for Water Conservation Launched. Highlights: It is a time-bound, mission-mode campaign that would focus on 1,592 “water-stressed” blocks…
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National Electric Mobility Mission Plan
04, Jul 2019 | Infrastructure: Energy, Ports, Roads, Airports, Railways, etc - GS3I
Why in News? The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster…
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Minimum Support Price
04, Jul 2019 | Issues related to direct and indirect farm subsidies - GS3E
Context: Recently cabinet has announced MSP for 14 Kharif crops What is MSP? Minimum Support Price (MSP) is a form of Market Intervention by the…
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NATIONAL MANUFACTURING COMPETITIVENESS PROGRAMME
03, Jul 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News? National Manufacturing Competitiveness Programme (NMCP) aima to support the Micro, Small and Medium Enterprises (MSMEs) in their endeavor to become competitive. Objectives:…
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NATIONAL WAREHOUSING GRID
03, Jul 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The government is likely to introduce warehousing schemes at village and National level to build an efficient storage infrastructure. A National Warehousing…
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GOODS & SERVICES TAX
03, Jul 2019 | Taxes and Taxation
Why in News? 2nd anniversary of Goods & Services Tax to be celebrated on 1st July 2019. GST: GST is one indirect tax for the…
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CENTRE RATIFIES INTERNATIONAL CONVENTION TO CURB COMPANY PROFIT SHIFTING
03, Jul 2019 | Taxes and Taxation
Context: India has recently ratified the international agreement to curb Base Erosion and Profit Shifting (BEPS) India has ratified the Multilateral Convention to Implement Tax…
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MEITY reported that 2.22 crore villagers are given Digital Education under Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA)
29, Jun 2019 | Schemes
CONTEXT: Ministry of Electronics and Information Technology reported that 2.22 crore villagers are given Digital Education under Pradhan Mantri Gramin Digital Saksharta Abhiyan (PMGDISHA). BACKGROUND:…
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Electric Vehicles in India
29, Jun 2019 | Schemes
Fame 2(Faster Adoption and Manufacturing (Hybrid&) and electric vehicles The outlay of ₹10,000 crore has been made for three years till 2022 for FAME…
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Working Group for Revision of WPI
29, Jun 2019 | Inflation
Why in news? The Government of India has decided to constitute a Working Group for the revision of the current series of Wholesale Price Index…
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STORAGE OF PAYMENT SYSTEM DATA
28, Jun 2019 | Banking
Why in News? The Reserve Bank of India in its directive on ‘Storage of Payment System Data’ has made it clear that entire payment data…
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FINANCIAL STABILITY REPORT
28, Jun 2019 | Constitutional Bodies, Regulatory Bodies
What is it About? The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial…
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INDIA WINS SOLAR CASE AGAINST US AT WTO
28, Jun 2019 | WTO, Industrial Economics
Context- dispute settlement panel pronouncing that subsidies and mandatory local content requirements instituted by eight American states breached global trade rules. Panel upholds India’s claims…
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AGRICULTURAL & PROCESSED FOOD PRODUCTS EXPORT DEVELOPMENT AUTHORITY (APEDA)
27, Jun 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? Agricultural & Processed Food Products Export Development Authority (APEDA)in association with North Eastern Regional Agricultural Marketing Corporation (NERAMAC) organised the second Conference…
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RBI DIRECT TO SAVE THE PAYMENTS DATA WITHIN INDIA.
27, Jun 2019 | Constitutional Bodies, Regulatory Bodies
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The…
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CENTRE EXPANDS TERMS OF REFERENCE OF DIRECT TAX LAW
27, Jun 2019 | Taxes and Taxation
The Central Board of Direct Taxes has expanded the terms of reference of the task force set up to come up with a new direct…
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U.K SINHA COMMITTEE
26, Jun 2019 | Indian Economy and issues relating to planning - GS3A
The Reserve Bank of India (RBI) on January, 2019 set up an expert committee under former SEBI chairman U.K. Sinha to Suggest Long-Term Solutions…
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CASH IN CIRCULATION HAS FALLEN
26, Jun 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Demonetisation, coupled with increased digital transactions and the reduced cash usage in the informal economy, led to a Reduction in Currency in Circulation by…
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PROJECT MONITORING GROUP (PMG)
26, Jun 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Projects worth 11 lakh crore remain stalled or have issues under consideration. Railways, roads and Power sector accounting to more than half of these…
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ONLINE PORTAL FOR FILING COMPLAINTS
25, Jun 2019 | Indian Economy and issues relating to planning - GS3A
The Reserve Bank of India, launched a ‘Complaint Management System (CMS)’, which will enable members of the public to lodge their complaints on its website…
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RESERVE BANK OF INDIA (RBI)
25, Jun 2019 | Structure, organization and functioning of the Executive - GS2E
Context Viral Acharya’s resignation as Deputy Governor of the Reserve Bank of India About: The Reserve Bank of India was established on April 1, 1935…
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Establishment of ‘gokul grams’ under Rashtriya Gokul Mission
24, Jun 2019 | Schemes
Why in News? Funds have been mobilized under Rashtriya Gokul Mission (RGM) for setting up of 21 Gokul Grams as Integrated Cattle Development Centres. Rashtriya…
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Technological Intervention in Agriculture
24, Jun 2019 | Major crops cropping patterns in various parts of the country - GS3D
Kisan Suvidha Mobile Application: To facilitate dissemination of information to farmers on the critical parameters viz., Weather; Market Prices; Plant Protection; input Dealers (Seed, Pesticide,…
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Organic Farming in India
24, Jun 2019 | Major crops cropping patterns in various parts of the country - GS3D
Why in News? Government of India has been promoting organic farming under two dedicated schemes namely Mission Organic Value Chain Development North Eastern Region (MOVCDNER)…
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35,000 KM Highways to be built by 2022
23, Jun 2019 | Infrastructure: Energy, Ports, Roads, Airports, Railways, etc - GS3I
The government will build 35,000 km of highways, besides expressways, by 2022. Under the 'Bharatmala Project', construction or upgradation of about 35,000 kilometres of National…
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Government to extend foreign currency loans to Exporters
23, Jun 2019 | WTO, Industrial Economics
India is a net importer of commodities. This impacts India’s balance of payments, hence the country needs to strengthen its exports. In order to boost…
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INTER CREDITOR AGREEMENT (ICA)
20, Jun 2019 | Banking
Why in News: The Indian Banks’ Association has tweaked the inter-creditor agreement (ICA) that was framed by the Sashakt Committee, to keep it in line…
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FINANCIAL STABILITY AND DEVELOPMENT COUNCIL (FSDC)
20, Jun 2019 | Growth, Development, National
Why in News: Union Minister of Finance and Corporate Affairs chaired the 20th Meeting of the Financial Stability and Development Council. FSDC: Financial Stability and…
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RECIPROCAL TRADE
20, Jun 2019 | WTO, Industrial Economics
Why in News: The State Department of US reacted to India’s announcement of retaliatory tariffs on certain U.S. imports reiterating President Trump’s message of reciprocal…
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FDI IN MULTI-BRAND RETAIL
20, Jun 2019 | Investments, Investment models
Why in News: Commerce Minister reiterated that the central government will not allow foreign direct investment in multi-brand retail, and also assured small traders predatory…
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Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
19, Jun 2019 | Welfare schemes for vulnerable sections - GS2K
Objective: With a view to Augment the Income of the Small and Marginal Farmers (SMFs), the Government has launched a new Central Sector Scheme, namely,…
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Data Localisation
19, Jun 2019 | Taxes and Taxation
Context: RBI last year mandated companies to store their payments data "only in India" so that the regulator could have "unfettered supervisory access". The RBI…
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Libra Facebook Cryptocurrency
19, Jun 2019 | Indian Economy and issues relating to planning - GS3A
Context: Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch…
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SHADOW BANKING SYSTEM
18, Jun 2019 | Indian Economy and issues relating to planning - GS3A
A shadow banking system is the group of financial intermediaries facilitating the creation of credit across the global financial system but whose members are not…
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FOREIGN PORTFOLIO INVESTMENT
18, Jun 2019 | Investments, Investment models
Foreign portfolio investment (FPI) consists of securities and other financial assets held by investors in another country. It does not provide the investor with direct…
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New Income Tax Rules With Revised Guidelines
18, Jun 2019 | Taxes and Taxation
Why in News? Revised guidelines of Income Tax and to make strict decision against tax invaders new Income Tax guidelines has came into effect…
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FOOD PROCESSING INDUSTRY
18, Jun 2019 | Industries, Textile, E -Commerce, Pharma, Service
Context: World Food India 2019 will be the biggest gathering of all global and domestic stakeholders in Food Processing Sector. World Food India: The government…
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BHARATMALA PROJECT
17, Jun 2019 | Investments, Investment models
Why in News? Bharatmala is a name given to road and highways project of Government of India. Highlights: The total investment for the Bharatmala plan…
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KIMBERLEY PROCESS
17, Jun 2019 | WTO, Industrial Economics
Why in News? Intersessional meeting of the Kimberley Process (KP) is being hosted by India in Mumbai. Highlights: India is currently the Chair of Kimberley…
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NATIONAL SMALL SAVINGS FUND
17, Jun 2019 | Investments, Investment models
It has been established under Public Account of India since 1st April 1999. It Comprises of Postal Deposits Savings Certificates and Kissan Vikas Patra Social…
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INDIAN ECONOMY
17, Jun 2019 | Indian Economy and issues relating to planning - GS3A
What are Debt Instruments? They are either paper or electronic obligations that allows the issuing party to raise funds by promising to repay the lender…
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JANAUSHADHI SCHEME
17, Jun 2019 | Schemes
Context: The Bureau of Pharma PSUs of India (BPPI), has found 18 Pharmaceutical companies substandard drugs which were supplying under Janaushadhi scheme. Objectives of the…
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INTERNATIONAL ECONOMY
16, Jun 2019 | WTO, Industrial Economics
India imposed tariffs on 29 goods from the U.S from June 16. This is a retaliatory measure taken by India against the U.S imposing tariffs…
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INDIA’S TRADE DEFICIT WIDENS IN MAY 2019 TO $15.36 BN.
15, Jun 2019 | Economics
What is Trade Deficit? It is a situation in a country’s economy where its Imports Exceed Its Exports. Such a situation leads to the outflow…
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CENTRE REDUCES CONTRIBUTION RATE FOR ESI
14, Jun 2019 | Insurance
Why in News: Trade unions set to protest against the decision Background: Starting July 1, both employers and employee’s contribution under the Employees’ State Insurance…
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HOPE MODI WILL CARRY OUT DISCUSSED REFORMS: U.S
14, Jun 2019 | Growth, Development, National
Why in news: U.S. Commerce Secretary had told Prime Minister Narendra Modi in that the U.S. Trade Representative (USTR) would hold off on making a…
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BLACK OR GREY: WHAT NEXT FOR PAKISTAN AT FATF
14, Jun 2019 | WTO, Industrial Economics
Why in News: Pakistan has been under the FATF’s scanner, when it was put on the greylist for terror financing and money laundering risks, after…
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FINANCIAL MARKETS SEEK TAX INCENTIVES, BETTER LIQUIDITY
14, Jun 2019 | Growth, Development, National
Why in News: Finance Minister Nirmala Sitharaman met representatives from the financial and capital market and they discussed creation of a dedicated liquidity window for…
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INDIAN BANK TO FOCUS ON STRONG GROWTH, PROFITABILITY IN FY20
13, Jun 2019 | Growth, Development, National
Why in News: Increasing CASA deposits, fee income to improve growth and profits in banks Background: Indian Bank will strive for strong growth this fiscal…
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AMAZON CLINCHES TOP SPOT IN THE WORLD’S MOST VALUABLE BRAND RANKING
12, Jun 2019 | Capital Market
Why in News: Amazon clinched the world’s most valuable brand in cloud computing, consumer tech and movie production. Background: It is founded by the world’s…
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A THREEFOLD RISE IN THE OUTFLOWS FROM CREDIT FUNDS
12, Jun 2019 | Capital Market
Why in News: Net outflows from credit risk funds jumped over threefold in the month of May as investors remained wary of the segment in…
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STRUCTURAL REFORMS FOR TACKLING ECONOMIC SLOWDOWN
10, Jun 2019 | Capital Market
Why in News: GDP growth slowed to a five-year low of 6.8% in 2018-19, even as the unemployment rate rose to a 45-year high of…
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SEBI, MCA SIGN PACT FOR MORE DATA SCRUTINY
09, Jun 2019 | Capital Market
Why in News: The Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) signed a memorandum of understanding (MoU) to…
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RBI REVISES STRESSED ASSET RESOLUTION NORMS
08, Jun 2019 | Banking
Why in News: After the Supreme Court struck down the controversial February 12, 2018 circular of Reserve Bank of India (RBI) on stressed asset resolution,…
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RBI CUTS INTEREST RATE BY 25 BPS
07, Jun 2019 | Banking
Why in News: The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India reduced the repo rate at its second meeting this year…
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FDI IN SERVICES SECTOR UP 37% IN 2018-19
06, Jun 2019 | Taxes and Taxation
Why in News: Foreign direct investment (FDI) in the services sector grew 36.5% to $9.15 billion in 2018- 19, according to the Department for Promotion…
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GLOBAL GROWTH TO SLOW IN 2019, SAYS WORLD BANK
05, Jun 2019 | Growth, Development, National
Why in News: The World Bank Group has downgraded global real GDP growth to 2.6% for 2019, down by 0.3%age points from its previous forecast.…
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SLOWDOWN CONFIRMED: ON DEEPENING ECONOMIC CRISIS
03, Jun 2019 | Growth, Development, National
Why in News: The first macro data set released under the new Finance Minister, Nirmala Sitharaman’s showed an under-performing economy with GDP growth falling to…
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CAPITAL BUFFERS: RBI DRAFT NORMS TIMELY FOR NBFCS
31, May 2019 | Banking
Why in News: The central bank has released draft norms on liquidity risk management for deposit taking and non-deposit taking NBFCs. Details: RBI in its…
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INDIA REMOVED FROM CURRENCY MONITORING LIST
30, May 2019 | WTO, Industrial Economics
Why in News: The US removed India from its currency monitoring list of major trading partners, citing steps being taken by New Delhi that addressed…
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RBI DRAFT RULES FOR NBFCS
29, May 2019 | Banking
Why in News: RBI has put up the draft circular, Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies. Background: / What…
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SEBI TIGHTENS DISCLOSURE NORMS FOR LISTED DEBT SECURITIES
28, May 2019 | Capital Market
Why in News: To further safeguard the interest of investors in listed debt securities, the Securities and Exchange Board of India (SEBI) has tightened the…
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ECONOMIC PRIORITIES FOR THE NEW GOVERNMENT
25, May 2019 | Growth, Development, National
Why in News: With a new government taking office after the General Elections 2019, here is a look at the key economic priorities in the…
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SEBI PANEL MOOTS CHANGES TO FPI RULES
25, May 2019 | Investments, Investment models
Why in News: As part of its attempts to streamline the regulations to encourage foreign inflows in the Indian market, the Securities and Exchange Board…
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CRISIS IN NBFC SECTOR COULD HURT ECONOMIC GROWTH’
23, May 2019 | Banking
Why in News: The investors are worried over potential impact on the overall growth of the economy in the near term on current liquidity crisis…
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NEW GOVT. MUST FOCUS ON BANK BALANCE SHEETS
23, May 2019 | Banking
Why in News: The new government, should focus on a few key aspects of the economy such as tackling income inequality on a priority basis,…
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IRDAI PANEL FOR SIMPLIFYING FIRE COVER NORMS
22, May 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News: A working group of insurance regulator IRDAI, revisited the structure of products providing cover to homes, offices, commercial establishments and MSMEs, has…
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NEED FOR INDUSTRIAL POLICY IN INDIA
20, May 2019 | Industries, Textile, E -Commerce, Pharma, Service
Why in News: The economic developments in the recent times in India demand a dedicated industrial policy to boost manufacturing. In this backdrop, here is…
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ACTIVIST HELD FOR PROTESTING AGAINST GAIL’S PIPELINE PROJECT
19, May 2019 | Growth, Development, National
Why in News: The organiser of the Tamil Nadu Nilam Neer Padukappu Iyyakkam, K.M. Iraniyan, was arrested by the Sembanarkoil police for staging a protest…
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EXTERNAL WOES: ON INDIA’S FOREIGN TRADE
18, May 2019 | Indian Economy and issues relating to planning - GS3A
Why in News: The estimates for foreign trade showed a sharp slowdown in merchandise export growth in April, 2019 to 0.64% from a year earlier.…
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AIR INDIA ARM’S PRIVATISATION HITS A BUMP
18, May 2019 | Investments, Investment models
why in news: The government’s effort to privatise Air India Air Transport Services Ltd., Air India’s ground handling arm, has run into a stone wall,…
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MASALA BONDS LISTED AT LSE
18, May 2019 | Investments, Investment models
Why in News: Kerala becomes first sub-sovereign entity in country to access global market Background: / Kerala masala bonds: The State has turned out to…
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GDP NUMBERS SUGGEST HIGH GROWTH IN MEDIUM TERM: PANEL
17, May 2019 | Economics
Why in News: Projections for indirect tax fluctuating, need to stabilize. Background: The 15th Finance Commission on Thursday said that India’s GDP numbers suggest a…
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WHY AN INDUSTRIAL POLICY IS CRUCIAL
17, May 2019 | Economics
Why in News: No major country has managed to reduce poverty or sustain economic growth without a robust manufacturing sector. Background: The contribution of manufacturing…
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RBI ENVISIONS FOURFOLD GROWTH IN DIGITAL TRANSACTIONS BY 2021
16, May 2019 | Economics
Why in News: The Reserve Bank of India (RBI) has envisaged four times growth in digital transaction in two years, in the payment system vision…
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INDIA TO DECIDE ON IRAN CRUDE IMPORTS AFTER POLLS
15, May 2019 | Growth, Development, National
Why in News? India will take a call on the purchase of Iranian energy after the general elections Details: Gulf after the U.S. waivers for…
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CPI INFLATION QUICKENS TO SIX-MONTH HIGH OF 2.92% ON FOOD, FUEL PRICES
14, May 2019 | Inflation
Why in News: Retail inflation quickened to a six-month high of 2.92% in April, driven in large part by accelerating food and fuel inflation, Details:…
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DISCOURSE ON WTO REFORM LACKS BALANCE
14, May 2019 | WTO, Industrial Economics
Why in News: The reforms being promoted in the World Trade Organization (WTO) are not in favour of the developing countries. Background: / WTO: WTO…
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TRUMP TO CHINA: TRADE DEAL NOW OR IT WILL BE ‘FAR WORSE’ AFTER 2020
12, May 2019 | WTO, Industrial Economics
Why in News: Washington and Beijing are locked in a trade battle that has seen mounting tariffs, sparking fears the dispute will damage the global…
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A fraught moment: U.S.-China Trade War
11, May 2019 | Effects of liberalization on the economy, changes in industrial policy - GS3H
Why in News: The U.S. and China need to take sustained steps to de-escalate tensions over tariffs Details: The U.S.-China trade war has flared up…
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Trump Raises Tariffs On Chinese Goods
11, May 2019 | WTO, Industrial Economics
why in news: The Trump administration raised import taxes on $200 billion of Chinese imports from 10% to 25%. Background: / China’s Dominance: China joined…
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INDIA HAS OVERLY RESTRICTIVE MARKET BARRIERS
08, May 2019 | Effects of liberalization on the economy, changes in industrial policy - GS3H
Why in News: U.S. is India’s largest export destination, India is only the 13th largest for the U.S. due to “overly restrictive market access barriers.Tariff…
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DESERVED PENALTY: SEBI’S ‘CAPITAL’ PUNISHMENT TO NSE
07, May 2019 | Economics
Why in News: The Securities and Exchange Board of India (SEBI) ordered the National Stock Exchange of India (NSE) to pay a fine of about…
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TRUMP TO HIKE TARIFFS ON USD 200 BN OF CHINESE GOODS
06, May 2019 | Economics
Why in News US President Donald Trump announced that the United States would raise tariffs on USD 200 billion of Chinese goods to 25 per…
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ANTI DUMPING DUTY PUT ON SACCHARINE
06, May 2019 | Economics
Why in News: The Finance Ministry has, on the recommendations of the Commerce Ministry, imposed an anti-dumping duty of $1,633.17 per tonne on the import…
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FARMERS WORRIED PEPSICO-GOVT. TALKS WILL DILUTE THEIR RIGHTS
05, May 2019 | Economics
Why in News: PepsiCo withdraws its cases against Gujarat potato growers, farmers groups are still worried about the dilution of their rights by state and…
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GST BUOYANCY
04, May 2019 | Taxes and Taxation
Why in News GST collections hit a record high, the next step should be to simplify the tax regime Details: The GST inflows of ₹1,13,865…
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VARUNA MITRA BOOSTED FARM INCOME, SAYS ISEC STUDY
02, May 2019 | Economics
Why in News Rain forecast helped farmers get average net gain of ₹5,106 per acre’ Details: Accuracy in the weather information provided by Varuna Mitra,…
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PUBLIC SECTOR BANKS LONG TERM STRATEGY ON JAN DHAN BEGINS TO PAY OFF
29, Apr 2019 | Economics
Why in News Total deposits in the last three years have grown by over 2.5 times to ₹98,400 cr. Details Public sector banks stand to…
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NO MORE LEEWAY: ON RBI’S RELUCTANCE TO FURNISH LIST OF WILFUL DEFAULTERS
29, Apr 2019 | Economics
Why in News The RBI must set an example on transparency, and serve the national economic interest Details: The Reserve Bank of India has been…
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GUJARAT GOVERNMENT BACKS POTATO FARMERS IN PEPSICO CASE
28, Apr 2019 | Economics
Why in News? The Gujarat government has decided to back the nine potato farmers locked in a legal battle with food and beverages giant PepsiCo…
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PEPSICO Proposes settlement to Potato farmers whom they SUED
27, Apr 2019 | Agriculture, ignorance, subsidy, marketing
Why in News? Food and beverages giant PepsiCo on Friday offered to settle lawsuits against four farmers who it had dragged to court for allegedly…
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Supreme Court Gives RBI ‘Last Chance’ to Alter
27, Apr 2019 | Banking
Why in News? Supreme Court gave one “last opportunity” to the Central bank to disclose its annual inspection reports of private banks and financial institutions…
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UNCERTAIN TIMES: ON INDIA’S OIL IMPORTS
26, Apr 2019 | Growth, Development, National
Why in News: The oil market have undergone with a great deal of uncertainty over supplies which is due to the US economic sanctions against…
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POTATO FARMERS CRY FOUL AS PEPSICO SLAPS CASE ON THEM
25, Apr 2019 | Economics
Why in News? Farmers face demand for ₹1.05 crore in damages for growing Lays variety, want government to step in Details: Multi-billion-dollar conglomerate PepsiCo sued…
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SHIPPING FIRMS SEEK PM’S HELP TO STAY AFLOAT
24, Apr 2019 | Economics
Why in News: Indian shipping companies have submitted a memorandum to the Prime Minister, seeking his immediate intervention of scraping a recent notification and a…
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THE PROBLEM WITH CHERRY-PICKING DATA
24, Apr 2019 | Economics
Why in News: The article says that the India is presently facing a data crisis which was recently talked by Minister of State for Housing…
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LINE OF CAUTION: ON SUSPENSION OF CROSS-LOC TRADE
23, Apr 2019 | Economics
Why in News: The government has issued orders to suspend the Line of Control (LoC) trade between Jammu & Kashmir and Pak Occupied Kashmir (PoK)…
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SC TO HEAR PETITION TO END WRITE-OFFS
20, Apr 2019 | Economics
Why in News The Supreme Court will hear a petition to restrain banks from writing off non- performing assets. Details: / For a true picture…
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BEIJING SURPRISE: CHINA’S GROWTH
19, Apr 2019 | Economics
Why in News? The Chinese economy has grown faster than expected, but concerns over stimulus remain Details: China’s economy is showing signs of a rebound.…
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LARGER CONSPIRACY IN SARADHA SCAM ALLEGED
18, Apr 2019 | Economics
Why in news: Former Kolkata Police Commissioner Rajeev Kumar has claimed that the allegations raised against him in connection with the multi-core Saradha chit fund…
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SLOWING DOWN FAST: INDUSTRIAL GROWTH
16, Apr 2019 | Economics
Why in News? The downturn in industrial activity and the spike in retail inflation pose a policy challenge Details: Another indicator, worryingly, points to the …
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NECESSARY STEPS TO ENDING POVERTY
15, Apr 2019 | Growth, Development, National
Context: The provision of health, education and public services matters more than income support schemes Details: / Garibi Hatao: Garibi Hatao ("Remove poverty") was the…
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Industrial Growth Dips, Inflation Up
13, Apr 2019 | Economics
why in news? Industrial growth slowed in February to 0.1%, driven by an across the board slowdown, especially in key sectors such as manufacturing, mining,…
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MUTUAL FUND’S
12, Apr 2019 | Economics
why in News? The redemption issues faced by fixed maturity plans (FMPs) of mutual funds due to their exposure towards Essel Group entities have only…
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SEBI FIAT TO STOCK BROKERS USING AI APPLICATIONS
11, Apr 2019 | Economics
Why in News: The BSE has asked stock brokers who are using applications based on artificial intelligence (AI) and machine learning (ML) to submit compliance…
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HIGH STOCK OF NON-PERFORMING ASSETS IN INDIA, MORE PROGRESS NEEDED: IMF
11, Apr 2019 | Economics
Why in News: IMF head of Monetary and Capital Markets Tobias Adrian said there continues to be a high stock of non-performing assets (NPAs) in…
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INDIA’S GOLD RESERVES INCREASE MARGINALLY IN FEBRUARY: WGC
10, Apr 2019 | Capital Market
Why in News? Globally, gold reserves with central banks rise 51 tonnes, highest since Oct. 2018. Details: India has marginally increased its gold holding in…
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IMF FORECASTS DIP IN GLOBAL GROWTH IN 2019
10, Apr 2019 | Economics
Why in News: The International Monetary Fund (IMF) has projected that global growth will be down in 2019 compared to 2018, IMF Chief Economist Gita…
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INFLOWS INTO EQUITY, INCOME FUNDS SURGE
09, Apr 2019 | Economics
Why in news: Equity mutual fund schemes have seen a four-month decline in flows in March leading to a marginal increase in the overall assets…
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CAPITAL HIGH: FOREIGN INVESTMENT IN INDIA
08, Apr 2019 | Investments, Investment models
To retain the confidence of foreign investors, macroeconomic management is a key The inflow of foreign capital into India’s stock market in the month of…
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GRAFT ALLEGED IN MASALA BOND SALE
07, Apr 2019 | Economics
Why in News: Leader of the Opposition has alleged that a Canadian company having close links with SNC-Lavalin has bought a major part of the…
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INDIA MIGHT SOON HAVE THE MOST CAESAREAN BIRTHS
07, Apr 2019 | Economics
Why in news: A new study based on the data from the National Family and Health Survey has shown that there is a significant increase…
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SEBI PANEL FOR MORE PLAYERS IN COMMODITIES
05, Apr 2019 | Economics
Why in News? A panel constituted by the Securities and Exchange Board of India (SEBI) has recommended opening the commodity derivatives segment to all categories…
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RBI CUTS BENCHMARK INTEREST RATE, LOWERS GDP FORECAST TO 7.2%.
05, Apr 2019 | Financial inclusion
Why is it in News? The monetary policy committee of the Reserve bank of India for the second consecutive time cut the benchmark lending rate…
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ROADIS, NIIF TO INVEST $2 BILLION ON ROAD PROJECTS
04, Apr 2019 | Economics
Why in News: Roadis, a private investor and operator of transport infrastructure worldwide and the National Investment and Infrastructure Fund (NIIF) have jointly set up…
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BAD LOANS
04, Apr 2019 | Economics
Why in News? The SC order quashing a circular issued by the RBI on resolution of bad loans is a set back to the evolving…
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SC VERDICT COULD DELAY RESOLUTION OF STRESSSED ASSETS
03, Apr 2019 | Economics
Why in News: The prospect of recovering ₹3.8 lakh crore of stressed loans of over 70 large borrowers has become uncertain after the Supreme Court…
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HOW TO ACHIEVE 24×7 POWER FOR ALL
03, Apr 2019 | Financial inclusion
Why in News: Almost every willing household in India now has a legitimate electricity connection and a target to achieve 24*7 electricity objective. Details: The…
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FY19 SAW MORE RATING UPGRADES THAN DOWNGRADES
02, Apr 2019 | Economics
Why in News: Rating agency Crisil said that the credit ratio or the number of upgrades is higher than the number of downgrades Details: Positive…
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FUGITIVE OFFENDERS ACT WON’T HELP BANKS
02, Apr 2019 | Polity & Governance
Why in News: Liquor baron Vijay Mallya’s lawyer reiterated before the Bombay High Court that the Fugitive Economic Offenders Act (FEOA) was a draconian law…
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A SYSTEMATIC WAY OF MAXIMISING RETURNS ON INVESTMENT
01, Apr 2019 | Miscellaneous
About: A Systematic Investment Plan (SIP) is a way to invest in mutual funds wherein a fixed sum of money is put into a mutual…
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In Q3, current account deficit narrows to 2.5%
30, Mar 2019 | Capital Market
India’s current account deficit (CAD) for the third quarter narrowed to 2.5% of the GDP compared with 2.9% in the preceding quarter, latest data released…
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GI tag for Coorg Arabica Coffee, four others
30, Mar 2019 | Agriculture, ignorance, subsidy, marketing
The Geographical Indications Registry has granted the Geographical Indication (GI) tag to  Coorg Arabica Coffee,  Wayanad Robusta Coffee,  Chikmagalur Arabica Coffee, …
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Blockchain enabled marketplace app for coffee
30, Mar 2019 | Agriculture, ignorance, subsidy, marketing
The commerce ministry Thursday launched a Blockchain based coffee e-marketplace to help farmers integrate with markets so that they can realise fair prices for the…
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Centre to borrow rupee 7.1 lakh crore in FY20
30, Mar 2019 | Banking
Borrowing calendar for the next financial year was announced and the government said that it will raise Rs 4.42 lakh crore through gilts in the…
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Centre should address States’ concern on GST transfers
29, Mar 2019 | Taxes and Taxation
While the Goods and Services Tax (GST) Council was designed as a federal body between the States and the Centre, the complaint of the States…
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New loan pricing scheme may be put off
29, Mar 2019 | Banking
Banks will be getting more time to migrate to the new loan pricing regime which was scheduled to be implemented from April 1. This new…
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Cement prices stay steady at Rs. 334 per bag in March
29, Mar 2019 | Industries, Textile, E -Commerce, Pharma, Service
All India prices of cement remained steady at Rs. 334 per bag during March despite increases in southern and eastern regions. South and eastern regions…
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66% EMPLOYERS LOOKING FOR DIFFERENT SKILLS THAN THREE YEARS AGO
28, Mar 2019 | Miscellaneous
Fast-changing job requirements are leading to a yawning skills gap in many parts of the world, with India being one of the hardest-hit - International…
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INDICES GAIN OVER 1% MIRRORING GLOBAL TREND
27, Mar 2019 | Capital Market
The Indian benchmark equity indices staged a smart recovery to gain more than 1% to reverse a two-day losing streak that saw indices fall below…
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RBI RECEIVES AGGRESSIVE BIDS, INFUSES RS. 34,500 CR. LIQUIDITY
27, Mar 2019 | Banking
The first dollar-rupee buy/sell swap auction by Reserve Bank of India (RBI), which was aimed at infusing primary liquidity, saw aggressive bidding by banks. The…
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IRDAI MOOTS PUBLIC DISCLOSURE NORM
26, Mar 2019 | Miscellaneous
A public disclosure norm requiring all general insurers, health insurers, specialised insurers and reinsurers, including branches of foreign reinsurers, to share information at specified intervals…
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Lesser clicks, a boon for bricks
25, Mar 2019 | Miscellaneous
The Department of Industrial Policy & Promotion’s recent clarification on the foreign direct investment (FDI) policy for e-retail has an unexpected beneficiary — brick and…
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GST a poll issue in MSME hubs
25, Mar 2019 | Industries, Textile, E -Commerce, Pharma, Service
The adverse impact of the rollout of the Goods and Services Tax (GST) regime in July 2017 on the micro, small and medium enterprises (MSMEs)…
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Protect ocean ecosystem, tap blue economy
25, Mar 2019 | Economics
India should fully tap the enormous potential of the blue economy to achieve higher growth and initiate appropriate programmes for sustainable harnessing of ocean reserves.…
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Centre must not look upon the Reserve Bank as a cash cow: ex-RBI board member
24, Mar 2019 | Banking
The central government being fiscally dependent on the Reserve Bank of India (RBI) is undesirable, The ₹68,000 crore that the RBI has paid to the…
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Rupee-dollar swap could boost foreign fund flows under voluntary retention route
22, Mar 2019 | Economics
The RBI’s decision to infuse rupee liquidity through long term foreign exchange swap, a first of its kind in liquidity management policy, is likely to…
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Angel tax: CBDT, DPIIT trade blame for delay in resolving issue
21, Mar 2019 | Economics
Tussle between the Central Board of Direct Taxes and the Department for Promotion of Industry and Internal Trade over the infrastructural roadblocks to finding a…
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Integrate TB services with primary health system: Lancet
21, Mar 2019 | Economics
Of the 10 million new tuberculosis (TB) cases reported globally in 2017 by the World Health Organisation, 2.74 million were from India, showing a marginal…
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Finland is the happiest nation; India slips 7 spots, ranks 140th
21, Mar 2019 | Economics
The report was released by the Sustainable Development Solutions Network for the United Nations on March 20 which has was declared as World Happiness Day…
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Borrowers cautious after IBC kicked in
20, Mar 2019 | Economics
With the advent of Insolvency and Bankruptcy code (IBC), borrowers are cautious about taking more money from banks. What is IBC? Insolvency and Bankruptcy Code,…
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Economists want further interest rate cut
20, Mar 2019 | Economics
Economists met Reserve Bank of India Governor and cited concerns over economic growth and suggested further reduction of the interest rate to boost economic activity.…
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Forex swap for liquidity has been received well, says RBI Governor
20, Mar 2019 | Economics
The decision of the Reserve Bank of India (RBI) to inject rupee liquidity through long-term foreign exchange swap a first of its kind in liquidity…
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Anti-profiteering body can act sans complaints
19, Mar 2019 | Economics
Consumer complaints are not the only trigger for the National Anti-Profiteering Authority (NAA) to act but also to check a trader’s invoice for profiteering. The…
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Green’ coffee may brew better farm incomes
18, Mar 2019 | Economics
Giving fresh hope to coffee growers, the Kerala State Industries Department is gearing up to set up a carbon neutral farm project in Wayanad district…
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SEBI contemplates reducing time to list rights issue shares
18, Mar 2019 | Economics
After reducing the time to list shares on the stock exchanges post-closure of initial public offerings (IPOs), markets regulator SEBI is aiming to cut down…
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New hydro policy to help meet renewables target
18, Mar 2019 | Economics
Government’s decision to re-classify large hydroelectric projects as renewable energy will certainly help the energy sector, the move will also go a long way in…
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India’s shrinking houses
16, Mar 2019 | Economics
When it comes to housing, size matters for all kinds of reasons. The added floor space of larger homes definitely spells comfort, convenience and family…
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Neolithic diet helped develop ‘f’ sound
16, Mar 2019 | Miscellaneous
Changes to the human diet prompted by Neolithic advances in agriculture played a role in human jaw evolution that allowed people to pronounce the consonants…
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Strong inflows help push rupee to a six-month high
16, Mar 2019 | Economics
The rupee, which has been steadily appreciating in recent days, closed at 69.10 to a dollar, its highest level since August 10, 2018. Strong inflow…
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Banking stocks push Sensex to above 38,000
16, Mar 2019 | Economics
Strong global cues and foreign flows led to the benchmark equity indices register gains The rally, led by banking stocks, pushed the Sensex above the…
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Exports rise 2.44%; trade deficit narrows
16, Mar 2019 | Economics
A marginal 2.44% increase in exports as well as lower imports of gold and petroleum products in February, significantly narrowed the country’s trade deficit to…
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Indirect tax collection may fall short, says Garg
15, Mar 2019 | Taxes and Taxation
The government is reasonably confident of meeting its direct tax collection target for the current financial year but the indirect tax collection may fall short.…
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Wholesale price inflation quickens to 2.93% in February
15, Mar 2019 | Banking
Wholesale price inflation in February snapped a three- month declining trend by rising to 2.93% on the back of firming food and fuel prices. Growth…
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Disinvestment target within reach: Centre
15, Mar 2019 | Economics
The government expects to meet its disinvestment target of ₹80,000 crore even though it has achieved only ₹56,473.42 crore so far with only 15 days…
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Rubber output fall hits tyre makers
15, Mar 2019 | Economics
Fall in natural rubber production in the country has raised concerns in the tyre industry, which has appealed to the Union Ministry of Commerce to…
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Indirect tax collection may fall short, says Garg
15, Mar 2019 | Economics
The government is reasonably confident of meeting its direct tax collection target for the current financial year but the indirect tax collection may fall short.…
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Wholesale price inflation quickens to 2.93% in February
15, Mar 2019 | Economics
Wholesale price inflation in February snapped a three-month declining trend by rising to 2.93% on the back of firming food and fuel prices. Growth in…
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Disinvestment target within reach: Centre
15, Mar 2019 | Economics
The government expects to meet its disinvestment target of ₹80,000 crore even though it has achieved only ₹56,473.42 crore so far with only 15 days…
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Rubber output fall hits tyre makers
15, Mar 2019 | Economics
Fall in natural rubber production in the country has raised concerns in the tyre industry, which has appealed to the Union Ministry of Commerce to…
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RBI to inject liquidity via forex swaps
14, Mar 2019 | Economics
In order to meet the durable liquidity needs of the system, the Reserve Bank has decided to augment its liquidity management toolkit and inject Rupee…
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CBDT yet to set up angel tax exemption infrastructure
14, Mar 2019 | Economics
The Central Board of Direct Taxes (CBDT) has not started work on setting up the back-end infrastructure required to automatically exempt registered start-ups from angel…
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SEBI provides framework for counter offer process
14, Mar 2019 | Economics
Markets regulator SEBI came out with the framework and timeline for the counter offer process. The counter offer is made in case the price discovered…
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Only growth can solve jobs, agrarian distress
14, Mar 2019 | Economics
Jobs and agrarian distress in India cannot be solved unless the economic growth rate is high. The crux of the agrarian crisis is that prices…
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India gets first TIR shipment via Chabahar Port from Afghanistan
14, Mar 2019 | Economics
The first shipment under the United Nations ‘Transports InternationauxRoutiers’ (TIR) convention arrived in India from Afghanistan through Iran’s Chabahar Port. TIR Carnets India had joined…
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SEBI lifts cap on corporate bonds for FPIs
13, Mar 2019 | Economics
In News Markets regulator SEBI withdrew the 20% limit on investments by Foreign Portfolio Investors (FPIs) in corporate bonds of an entity. About SEBI: SEBI…
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Indices rise for second straight session
13, Mar 2019 | Economics
In News: Equities continued to register a strong rally for the second consecutive day on Tuesday with the benchmarks gaining more than 1% each to…
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IIP growth slows to 1.7%, retail inflation rises to 2.57%
13, Mar 2019 | Economics
In News: Industrial activity slowed in January 2019 growing by just 1.7% due in large part to a deceleration in the manufacturing, electricity, and capital…
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GI tag for Thirubhuvanam silk sarees
13, Mar 2019 | Economics
The Thirubhuvanam Silk Handloom Weavers’ Cooperative Production and Sale Society has been accorded Geographical Indication (GI) tag for its silk sarees. The Unique Features: The…
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India ranks 11th in gold holding
12, Mar 2019 | Economics
India, which is the world’s largest consumer of gold, has the 11th largest gold reserve, with the current holding pegged at 607 tonnes, as per…
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Arecanut gets its first GI tag to ‘Sirsi Supari’
12, Mar 2019 | Economics
For the first time in the arecanut sector, ‘Sirsi Supari’ grown in Uttara Kannada has received the Geographic Indication (GI) tag. It is cultivated in…
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India is world’s 2nd largest arms importer
12, Mar 2019 | Miscellaneous
According to the latest report published by the Stockholm International Peace Research Institute (SIPRI) India was the world’s second largest arms importer from 2014-18, ceding…
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Wind loses energy as policy paralysis blows through this renewable sector
11, Mar 2019 | Economics
From a euphoric 5,500 MW in 2016-17 when wind energy companies rushed to commission their projects so as to get their foot in before certain…
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Relaxation of rules to aid red-flagged Andamans tourism project
10, Mar 2019 | Economics
The Environment Ministry has amended laws that now allow a proposed tourism project in the Aves island, of the Andaman and Nicobar island (A&N) territory,…
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Dip in flows to equity funds continues
09, Mar 2019 | Economics
According to Association of Mutual Funds in India (AMFI) data, equity schemes registered net inflows of Rs.3,948 crore in February, lower by nearly 20% than…
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NMR to have two coaches with glass roof, larger windows
09, Mar 2019 | Economics
Union Minister for Railways Piyush Goyal dedicated two vistadome coaches (one AC and one non-AC coach) made by the Central Workshop in Tiruchi. The coaches…
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Bring in constitutional amendment on GST revenue-sharing proportion: Rangarajan
09, Mar 2019 | Economics
The Centre should bring in a constitutional amendment to fix the proportion of shareable taxes going to states - C. Rangarajan. This would avoid repeated…
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Only 3.32 lakh MSME jobs created in last four years, finds CII survey
09, Mar 2019 | Economics
The number of net jobs created in the Micro, Small and Medium Enterprises (MSME) sector in the last four years stood at just 3,32,394, which…
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RURAL INDIA PUSHES UP UNEMPLOYMENT IN FEBUARY
08, Mar 2019 | Miscellaneous
In News: CMIE report on unemployment. Explained: Estimated unemployment rate shot up to a 29-month high of 7.23 per cent in February 2019 and the…
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WIND ENERGY CAPACITY EXPANSION TO SLOW IN NEXT FIVE YEARS
08, Mar 2019 | Growth, Development, National
In News: According to a report by Crisil, capacity addition in the wind energy sector will slow down over fiscal 2019 to 2023, with only…
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RBI TO INFUSE RS 12,500 CRORE INTO FINANCIAL SYSTEM THROUGH OMO’S
08, Mar 2019 | Current Affairs
In News: The Reserve Bank of India (RBI) said it would infuse Rs 12,500 crore into the financial system through op¬en market operations (OMO). Explained:…
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Earth Museum
07, Mar 2019 | Miscellaneous
Prelims: Indian culture The government is planning to house them in one place an ‘Earth Museum’ for better conserving the prehistoric heritage, About: From dinosaur…
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GSP Withdrawal
07, Mar 2019 | Miscellaneous
Context: The US has announced that it intends to “terminate” India’s designation as a beneficiary of its Generalized System of Preferences (GSP). What is GSP…
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CENTRE TO INCENTIVISE WORK-FROM-HOME JOBS
05, Mar 2019 | Economics
In News: The government is working on a scheme to push work-from-home jobs in the IT sector by offering financial incentives to both employees and…
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‘BANKS’ LIQUIDITY DEFICIT STANDS AT RS 94,585 CRORE
05, Mar 2019 | Economics
In News: The average liquidity deficit in the banking system in the week ended February 28 moderated significantly to Rs 94,585 crore, against the deficit…
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Mudra: Rs. 1 Lakh Cr. More Has to be Lent
04, Mar 2019 | Banking
In News: Despite all the push given by the Central government to the Pradhan Mantri MUDRA Yojana and the ‘MSME loan in 59 minutes’ scheme,…
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FPI Net Inflows Into Stocks At 15-Month High
04, Mar 2019 | Banking
In News: Foreign portfolio investors (FPIs) poured in close to Rs. 17,220 crores on a net basis into Indian equities in February, the highest since…
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One Nation One Card Scheme
02, Mar 2019 | Schemes
In News PM Narendra Modi Monday launched the indigenously-developed National Common Mobility Card (NCMC) to enable people to pay multiple kinds of transport charges, including…
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India Eyes Alternative Markets For Exporting Tea Meant To Be Shipped To Pak
02, Mar 2019 | Agriculture, ignorance, subsidy, marketing
In News: Amid the ongoing tensions between India and Pakistan, and India's withdrawal of the most favoured nation (MFN) status to Pakistan, tea exporters and…
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Cumulative Spending On Csr Crosses RS. 50,000 Croress
01, Mar 2019 | Miscellaneous
In News: According to Crisil Foundation, Cumulative spending on corporate social responsibility (CSR) has crossed the Rs. 50,000-Crores-mark four years after the legislative mandate was…
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Assam Oil Hub To Southeast Asia
01, Mar 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News With the Centre planning to raise the capacity of the four Assam refineries from the existing 7 million tonnes per annum (MTPA) to…
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GOVT. DETECTS GST EVASION
28, Feb 2019 | Banking
In News: The government has detected Rs. 20,000 crore worth GST evasion so far, this fiscal. Explained: Central Board of Indirect Taxes and Customs said…
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CENTRE BRINGS 42 NON-SCHEDULED CANCER DRUGS UNDER PRICE CONTROL
28, Feb 2019 | Service Sector
In News: The government said it had brought 42 non-scheduled anti-cancer drugs under price control, capping trade margin at 30%, which would reduce their retail…
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RBI Takes 3 Banks off Prompt corrective Action Framework
27, Feb 2019 | Banking
In News: Three more banks — Allahabad Bank and Corporation Bank, from the public sector, and Dhanlaxmi Bank from the private sector — are now…
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Fiscal Deficit in January at 12
27, Feb 2019 | Banking
In News: According to official data, Fiscal deficit widened in January to Rs. 7.7 lakh crore, or 121.5% of the Budget Estimates for the full…
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Organised retail in India may Double by 2021
27, Feb 2019 | Service Sector
In News: According to a latest joint report by Deloitte and the Retailers Association of India (RAI), Strong macroeconomic factors coupled with robust demographics and…
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War Memorial
26, Feb 2019 | Schemes
Prime Minister Narendra Modi dedicated a new National War Memorial, situated in the India Gate complex in New Delhi, to the nation. About: PM lit…
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Western Powers on Pulwama Attack
26, Feb 2019 | Schemes
The European Union (EU) and Germany have asked Pakistan to act on terror in a call made by Pakistani foreign minister to EU's and Germany…
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Banks may set Repo Rate as Benchmark
26, Feb 2019 | Banking
In News: Most commercial banks in India are likely to select RBI’s repo rate as the external benchmark to decide their lending rates, from April…
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GST cut may boost Realty demand
25, Feb 2019 | Service Sector
In News: The 33rd reconvened meeting of the Goods and Services Tax (GST) Council cut the tax rate for under-construction housing to 5 per cent…
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India to Reduce Dependence on Imports of API
24, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: India is taking several steps to reduce its dependence on imports of active pharmaceutical ingredients (APIs), a commonly used raw material for drugs,…
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BIO-ATF
23, Feb 2019 | Miscellaneous
The Dehradun-based Indian Institute of Petroleum has successfully finished a pilot test to convert used cooking oil into bio-aviation turbine fuel (Bio-ATF), which can be…
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RBI Bundles NBFCS into One Category
23, Feb 2019 | Banking
In News: To provide greater operational flexibility to non-banking lenders, the Reserve Bank created a single category for them by bundling their present three-tier structure.…
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FPI’S Invest Rs. 6,311 Crores in Markets
23, Feb 2019 | Banking
In News: Foreign investors pumped in Rs. 6,311 crores into the Indian capital markets, the highest inflow in a single day this month so far,…
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BHARATNET can Monetise fibre Assets
22, Feb 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
In News: Digital Communications Commission (DCC), the highest decision-making body for the telecom sector, has given an in-principle approval to monetise 2.5 lakh km of…
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EFFO Proposes hike in interest rate to 8
22, Feb 2019 | Banking
In News: Provident Fund deposits will now earn more, with the Employees’ Provident Fund Organisation (EPFO) recommending a hike in interest rates to 8.65% for…
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Centre to Setup Umbrella SPV to Fund Metro Projects
21, Feb 2019 | Banking
In News: The Central government is setting up a fully-owned Special Purpose Vehicle (SPV) to house all its equity and debt investments in metro rail…
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Centre Clears Rs. 48, 239 Cr. Recapitalisation Package for PSB’s
21, Feb 2019 | Banking
In News: The government has approved the disbursal of a recapitalization package of Rs. 48,239 crores for 12 public sector banks. Explained: The government will…
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April – Dec. FDI Falls 7% to $33.49 Billion
21, Feb 2019 | Banking
In News: According to Commerce and Industry Ministry data, Foreign direct investment (FDI) into India contracted by 7% to $33.49 billion during April-December in the…
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Island Development Project
20, Feb 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Seven islands in the Andamans and Lakshadweep have been identified for seaplane operations while private sector participation has been invited for tourism-based projects in the…
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Cabinet Approves Phase II of Rooftop Solar Programme
20, Feb 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
In News: The Cabinet Committee on Economic Affairs approved Phase-II of the Grid Connected Rooftop Solar Programme that aims to achieve a cumulative capacity of…
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PONZI Schemes Ordinance
20, Feb 2019 | Banking
The Union Cabinet Tuesday approved promulgating an ordinance with regard to the Banning of Unregulated Deposit Schemes Bill to protect gullible investors from Ponzi schemes.…
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Angel Tax Relief
20, Feb 2019 | Banking
In News: The Government has widened the definition of startups to partly address angel tax woes by increasing the time period for such ventures to…
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RBI to Transfer Rs. 28,000 Crore Interim Surplus to Government
19, Feb 2019 | Banking
In News: The board of Reserve Bank of India decided to transfer an interim surplus (dividend) of Rs. 28,000 crores to the government. Explained: Inclusive…
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Ministry Revises Rules for Chartering of Ships
19, Feb 2019 | Service Sector
In News: To Incentivise ship-building activity in the country, the Ministry of Shipping has revised its guidelines for chartering of ships by providing Right of…
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Cement Industry is happy as MFN status to Pakistan Withdrawn
19, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Cement manufacturers are happy after India decided to withdraw most favoured nation (MFN) status to Pakistan and also slap 200% duty on imports…
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Farm SOP will be hard to implement
19, Feb 2019 | Agriculture, ignorance, subsidy, marketing
The Pradhan Mantri Kisan Samman Nidhi scheme, announced in the Budget earlier this month, aims to give Rs. 6,000 a year to 12 crore farmer…
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Disinvestment Proceeds touch Rs. 53,558 Crore
18, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: The government's disinvestment proceeds have touched Rs 53,558 crore so far in the current fiscal, as against the full year budget target of…
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DGTR to Revisit Anti-Dumping Rules
18, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Amid mounting complaints from the domestic steel industry after Chinese steel product imports surged 8 per cent in the 12 months to March…
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US Canada move WTO Against India on ‘UNDER REPORTING’ of MSP for Five Pulses
16, Feb 2019 | Agriculture, ignorance, subsidy, marketing
In News: The US and Canada on Friday said they have jointly approached the World Trade Organisation (WTO) against India for allegedly "under-reporting" market price…
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Wholesale Inflation Eases to 10- Month low of 2.76%
15, Feb 2019 | Banking
In News: Wholesale Price Index (WPI) fell for the third consecutive month to 2.76% in January from 5.54% in October 2018, 4.47% in November, and…
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Low Velocity of Cash Circulation in large States Hints at Sluggish Economy
15, Feb 2019 | Banking
In News: According to a report by the State Bank of India, While the currency in circulation has surpassed what it was in the pre-demonetisation…
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Forex Reserves Back at 400 Billion
14, Feb 2019 | Banking
In News: Foreign exchange reserves crossed $400 billion for the first time in four months in the week ended February 1, 2019, according to data…
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Bharat – 22 ETF Additional Sale
13, Feb 2019 | Miscellaneous
In News: The government will launch an additional offering of Bharat-22 Exchange Traded Fund (ETF) on February 14 to raise at least Rs 3,500 crore.…
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Retail Inflation cools further to 2.05% in January
13, Feb 2019 | Banking
In News: Data released by the Central Statistics Office showed consumer price index or CPI-based inflation stood at 2.05% in January against the 18-month low…
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95% of Registered Realty Firms have No PAN
13, Feb 2019 | Banking
In News: In an audit of assessments made by the Income Tax Department on the real estate sector, the Comptroller and Auditor General (CAG) found…
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Third Round of OALP
12, Feb 2019 | Miscellaneous
In News: Indian government offered 23 oil and gas and CBM blocks for bidding in the third round of Open Acreage Licensing Policy (OLAP), expecting…
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Will Try to Lift More banks from PCA: Finance Minister
09, Feb 2019 | Service Sector
In News: After Reserve Bank of India (RBI) lifted restrictions under prompt corrective action (PCA) on three public sector banks last week of January 2019,…
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GOM Favours GST cut on Houses under Construction
09, Feb 2019 | Service Sector
In News: A panel of State Ministers favored lowering GST on under-construction residential properties to 5%, from the 12% currently. Explained: The Group of Ministers,…
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RBI unlikely to transfer contingency fund to Govt.,
07, Feb 2019 | Banking
In News: The Reserve Bank of India (RBI) is unlikely to surrender to government’s demand of transferring funds that was set aside for contingency reserves…
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Cabinet approves unified regulator for IFSC’S
07, Feb 2019 | Banking
In News: The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres…
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Board members’ fiduciary responsibility with RBI’
07, Feb 2019 | Banking
In News: The fiduciary responsibility of the RBI’s board members lies with the central bank, RBI governor quoted. Explained: At present, the central bank has…
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Govt. Subsidy Spend on the rise Again
06, Feb 2019 | Agriculture, ignorance, subsidy, marketing
In News: Rising LPG prices and higher subscribers have resulted in the government’s subsidy expenditure over the last two years reversing a declining trend established…
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Centre May relax Angel Tax Norms for start-ups, sets up Panel
05, Feb 2019 | Banking
In News: The government decided to set up a five-member working committee to look into the angel tax issue and come up with guidelines in…
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April – Dec Fiscal Deficit at 112.4% of Budget Target
05, Feb 2019 | Banking
In News: The fiscal deficit for the period April-December 2018 has touched 112.4% of the budget target of Rs. 6.24 lakh crore for the financial…
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GST Collection may Grow 18% in FY20: Govt.
04, Feb 2019 | Service Sector
In News: The Union government has projected over 18% growth in Goods and Services Tax (GST) collections in 2019-20 based on the rising trend in…
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Govt., to cut process time for Stake Sale in 35 CPSES
04, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: With 35 Central Public Sector Enterprises (CPSEs) being lined up for strategic sale, the Finance Ministry is planning to streamline processes to cut…
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Budget Special – 2019
02, Feb 2019 | Budget
Interim Budget: An Interim Budget usually doesn’t list out new schemes or doesn’t unveil any policy measures. The government will present the vote on account…
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GST Collections Cross Rs.1 Lakh Crore in January
01, Feb 2019 | Service Sector
In News: The government said that Goods and Services Tax (GST) collections crossed the Rs. 1 lakh-crore mark in January, the third month this financial…
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Health Sector Seeks Tax breaks for middle class in Budget
01, Feb 2019 | Service Sector
The healthcare sector wants the government’s interim Budget to include tax measures to help the middle class better mitigate health risks. “Ayushman Bharat for the…
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Manufacturing PMI rises to 53.9 in January
01, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: The country’s manufacturing sector activity edged higher in January as companies continued to scale up production and employment, driven by the fastest rise…
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Unemployment Data Based on Draft Report
01, Feb 2019 | Industries, Textile, E -Commerce, Pharma, Service
NITI Aayog officials debunk media report of 6.1% Joblessness: The government’s think tank NITI Aayog debunked claims that unemployment in 2017-18 was at a 45-year…
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RBI to Inject Rs. 37,500 Cr through OMO in FEB
30, Jan 2019 | Effects of liberalization on the economy, changes in industrial policy - GS3H
In News: The Reserve Bank of India (RBI) said that it will inject Rs. 37,500 crores into the system through purchase of government securities in…
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FMCG Sector to Clock Double – Digit Growth
30, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: According to the latest study by market research firm Nielsen, the FMCG industry is expected to grow between 11% and 12% in 2019,…
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India replaces Japan to Become Second-Largest Crude Steel Producer
29, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: India has replaced Japan as the world’s second-largest steel producing country, while China is the largest producer of crude steel, accounting for more…
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FDI Grew 18% in FY18
29, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Foreign direct investment (FDI) during the previous fiscal grew 18 per cent to Rs 28.25 lakh crore, data from the Reserve Bank of…
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HIGH USE OF INPUT CREDIT UNDER TAXMAN’S SCANNER
28, Jan 2019 | Miscellaneous
In News The issue of high ITC was flagged at the meeting of the Group of Ministers (GoM) which was set up by the GST…
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FPI OUTFLOWS AT NEARLY RS 6,000 CRORE IN JANUARY
28, Jan 2019 | Banking
In News Foreign investors have pulled out close to Rs. 6,000 crores so far from the Indian stock markets in January 2019. Explained Even as the…
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Supreme Courts Upholds Constitutional Validity of Insolvency and Bankruptcy Code
26, Jan 2019 | Banking
In News: The government’s Insolvency and Bankruptcy Code, 2016 (IBC), earned some rare praise from the Supreme Court which said that it was “happy to…
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Agri Sector Should be boosted through Credit flows
26, Jan 2019 | Agriculture, ignorance, subsidy, marketing
In News: The Prime Minister’s Economic Advisory Council (EAC-PM) said that the agriculture sector should be bolstered through increased credit flows and schemes such as…
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PCR has to be Backed by a Comprehensive Act
25, Jan 2019 | Banking
In News: The central bank plans to engage with the Centre and other regulators to bring in a comprehensive Public Credit Registry (PCR) Act to…
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Commerce Ministry not to extend Feb.1 Deadline for E-Tailers
25, Jan 2019 | Service Sector
In News: The Commerce and Industry ministry is not in favour of extending the deadline of February 1 for implementing the revised guidelines for e-commerce…
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Cabinet Gives NOD to set up GST Appellate Tribunal
24, Jan 2019 | Service Sector
In News: The Union Cabinet has approved the creation of a National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT), which would serve…
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SEBI may Review Mutual Fund Categorisation Norms
23, Jan 2019 | Banking
In News: The Securities and Exchange Board of India (SEBI) is mulling a review of its regulatory framework for categorisation of mutual funds (MFs) as…
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Lithium Ion GIGAFACTORY
22, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: State-owned Bharat Heavy Electricals Limited (BHEL), one of India’s largest power generation equipment manufacturers, is in talks with Libcoin consortium to build Indian…
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Rationalise New Norms for External Borrowing: NSEFI
21, Jan 2019 | Banking
In News: National Solar Energy Federation of India (NSEFI), a non-profit organisation, has written to the Prime Minister’s Office requesting to direct the Reserve Bank…
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No E – way bills for Non-Filers of GST Returns
21, Jan 2019 | Service Sector
In News: Non-filers of GST return for six consecutive months will soon be barred from generating e-way bills for movement of goods. Explained: The Goods…
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Rural Housing Achieves Only 66 Percent Target
19, Jan 2019 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: States are delaying allotment of land for landless beneficiaries, says Centre . Details: With two and a half months to go for the end…
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Removing all Barriers
19, Jan 2019 | Service Sector
In News: Inaugurating the ninth edition of the Vibrant Gujarat Summit here, prime minister said the country was ready to do business like never before;…
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Inflation Volatility is a challenge
19, Jan 2019 | Service Sector
In News: Amid a growing demand for a reduction in interest rate in the upcoming monetary policy review scheduled for February 7, Reserve Bank of…
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INDIAN ECONOMY EXPECTED TO GROW AT 7.5% IN 2019-20
18, Jan 2019 | WTO, Industrial Economics
In News Indian economy is expected to grow at a higher at 7.5 per cent in 2019-20 on account of steady improvement in major sectors,…
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START-UPS SEEKING ANGEL TAX EXEMPTION GET RELIEF
18, Jan 2019 | WTO, Industrial Economics
In News The government simplified the process for startups seeking exemption from angel tax notices by eliminating the need for a certification from an inter-ministerial…
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PCA Banks fate hangs on Q4 Show
15, Jan 2019 | Banking
In News: The banks which are under the prompt corrective action (PCA) framework have been asked to provide an estimate of the quantum of provision…
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RBI Warns of NPA Spike in MUDRA Loans
14, Jan 2019 | Banking
In News: The Reserve Bank of India (RBI) has raised a red flag over spike in non-performing assets (NPAs) under the government’s flagship scheme to…
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Govt. Plans Technology Centres for MSME
14, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: The Ministry of Micro, Small and Medium Enterprises (MSME) will develop 20 technology centres, along with extension centres across the country in another…
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India For Afghanistan Led peace Talks
14, Jan 2019 | Bi-Lateral Relations
What’s in the news? Swaraj’s statement goes against Army chief’s suggestion for talks with Taliban India supports the efforts of the government and the people…
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Panel Pulls up Govt. for Diverting Coal Cess
12, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: The 42nd standing committee on energy in its report on stressed gas-based power plants tabled in Parliament January 2019 has pulled up the…
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Women bought a Third of Life Policies sold in 2017-18
12, Jan 2019 | Service Sector
In News: Almost a third of the 2.82 crore life insurance policies sold during 2017-18 in the country has been bought by women, according to…
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Industrial Growth Falls to 17-Month Low
12, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Industrial output growth dropped to a 17-month low of 0.5 percent in November on account of contraction in manufacturing sector, particularly consumer and…
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RBI Notifies Deferment of Capital Buffer Norms
11, Jan 2019 | Banking
In News: The Reserve Bank of India deferred the implementation of the last tranche of Capital Conservation Buffer (CCB) by a year. What is Capital…
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GST Burden on Small Business eased
11, Jan 2019 | Service Sector
In News: The GST Council in its 32nd meeting the last before the Budget took a slew of decisions aimed at reducing the tax and…
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Waive off Road Tax for Electric Vehicles, Centre urges states
11, Jan 2019 | Service Sector
Context: The Centre urged states and Union Territories to waive off the road tax for all electric vehicles (EVs) and to give their feedback for…
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Tokensation may aid safe Digital Transactions
10, Jan 2019 | Banking
In News: The Reserve Bank of India’s (RBI) decision to allow card payment providers to offer tokenization services will ensure the safety of digital transactions…
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Private Consumption, A $6 Trillion Opportunity
10, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Domestic private consumption that accounts for a major portion of India’s gross domestic product (GDP) is expected to develop into a $6 trillion…
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Panel asks Government to ease norms for Cargo movement, Improve Logistics sector
09, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Bibek Debroy-led Logistics Development Committee has suggested creation of an independent logistics department within commerce ministry entrusted with the responsibility to develop a…
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Hardware exports poised to Grow 7-8%
09, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Hardware exports are poised to reverse the declining trend of the past few years with a 7-8% growth this fiscal, according the Electronics…
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Irrigation Projects Delayed to Jump in Costs: CAG
09, Jan 2019 | Agriculture, ignorance, subsidy, marketing
Context: Tardy implementation of projects under the Accelerated Irrigation Benefit Programme (AIBP) between 2008-2017 led to an almost threefold jump in the cost of these…
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OALP – II Auctions
08, Jan 2019 | Banking
In News: The government is expecting about ₹40,000 crore of investment in the 14 blocks it put up on auction for prospecting of oil and…
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GDP to Grow at 7.2% for FY19
08, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: The government has projected GDP growth for the full year 2018-19 to come in at 7.2%, which implies that growth in the second…
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GST can boost direct, Indirect Tax Collections
07, Jan 2019 | Taxes and Taxation
In News: The fact that the government is increasingly dependent on tax revenue, especially indirect taxes, to meet its fiscal requirements is not a cause…
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Women’s Share in Deposits, Loans Inching UP: RBI Study
05, Jan 2019 | Banking
In News: The share of women in total credit and aggregate deposits of individuals increased further to 20.4 per cent and 32.8 per cent, respectively,…
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SEBI Tweaks norms for commodity exchanges
05, Jan 2019 | Banking
In News: Commodity derivatives exchanges will now have to disclose the quantum of trading done by farmers and other commodity market participants like millers and…
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Rising GDP not enough to counter sharp rise in CAD
05, Jan 2019 | Banking
In News: A Reserve Bank of India study has warned that a crude oil price shock will lead to surge in inflation or fiscal deficit…
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Printing of ₹2,000 notes reduced to minimum
04, Jan 2019 | Banking
In News: The printing of Rs. 2,000 banknotes, introduced post-demonetization in November 2016, has been reduced to the "minimum" by the Reserve Bank. Explained: Soon after the…
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House Panel recommends to ease capital requirements for banks
04, Jan 2019 | Banking
In News: A parliamentary panel asked the central bank to ease its rules on capital requirements for banks so that they can increase lending. Explained: In a…
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Merchant Exporters to get Interest Equalisation Scheme
03, Jan 2019 | Schemes
In News: The government has decided to provide 3% interest subsidy to merchant exporters to enhance flow of funds for them with a view to…
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RBI ‘EYES’ Solution to read Denominations
03, Jan 2019 | Banking
In News: In a bid to help the visually challenged, the Reserve Bank of India (RBI) is scouting for a digital solution that can identify…
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RBI Unveils Loan Recast Scheme for Small Units
02, Jan 2019 | Banking
In News: The Reserve Bank of India (RBI) announced a one-time restructuring scheme for stressed loan accounts of micro, small and medium enterprises (MSMEs), one…
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RBI Reserves Ratio Among the Highest
01, Jan 2019 | Banking
In News: Analysis of the balance sheets of the central banks of 10 comparable economies shows that the RBI's reserves as a percentage of its…
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Core sector growth slows to 16-month low in November
01, Jan 2019 | Industries, Textile, E -Commerce, Pharma, Service
In News: Core sector growth slowed to 3.5% in November, the slowest in 16 months, from 4.8% in October, due in large part to a…
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Gender pay gap will take 202 years to close: report
20, Dec 2018 | Growth, Development, National
Context: The World Economic Forum has mentioned that it could take 202 years for women to earn as much as men. Details: This is due…
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RBI scales up liquidity infusion
19, Dec 2018 | Banking
In news: The Reserve Bank had decided to scale up the amount of liquidity infusion by ₹ 10,000 crore to ₹50,000 crore this month, after…
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LPG scheme to cover poor people
18, Dec 2018 | Agriculture, ignorance, subsidy, marketing
Context: The Union Cabinet on Monday approved the expansion of the Pradhan Mantri Ujjwala Yojana, which aims to provide deposit-free LPG connections to all poor…
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Anti-dumping duty imposed on Chinese chemical for 5 years
17, Dec 2018 | WTO, Industrial Economics
In News: The revenue department of government of India has imposed anti-dumping duty for five years on a Chinese chemical used in making detergents to…
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RBI’S Forex Reserves Marginally up to $393.734 Billion
15, Dec 2018 | Banking
In News: India's foreign exchange (forex) reserves marginally rose by $6 million during the week ended December 7 According to the Reserve Bank of India…
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Loan Waivers to Farmers to Burden Economy
15, Dec 2018 | Banking
In News: State governments should resist giving farm loan waivers since they will create fiscal stress and not reach the farmers that need them, former…
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India post launches E-Com portal
15, Dec 2018 | Banking
In News: India Post on Friday launched its own ecommerce website to help sellers, particularly rural artisans and SHGs sell their products across the country.…
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Bankers ASK RBI to EASE PCA Norms
14, Dec 2018 | Banking
In News: Chief executives of public sector banks, who met the new Reserve Bank of India(RBI) Governor, requested the central bank to relax the prompt…
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Apparel Exporters Want Hike in Duty Drawback Rates
14, Dec 2018 | Taxes and Taxation
In News Apparel exporters have appealed to the government to review the duty drawback rates announced recently for readymade garments The new rates announced by…
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Foreign Institutional Investor (FII)
13, Dec 2018 | Capital Market
Introduction: Foreign Institutional Investor (FII) means an institution established or incorporated outside India which proposes to make investment in securities in India. They are registered…
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EAC- PM (Economic Advisory Council to the Prime Minister)
13, Dec 2018 | Growth, Development, National
In News: Eminent economist and columnist Surjit Bhalla had resigned as parttime member from the Economic Advisory Council to the Prime Minister (EAC-PM). Background: Economic…
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India to Receive $800 Billion Remittance in 2018
12, Dec 2018 | Economics
Why in News? India is likely to receive total remittances of $ 800 billion, stated the Migration and Development Brief released by the World Bank…
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SEBI to relax listing norms for start-ups, rename it innovators growth platform
11, Dec 2018 | Capital Market
In News: In a major push to kickstart listing of start-ups in India in a big way, capital markets regulator Sebi has lined up a…
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kaiga power station-1 creates a world record yet again
11, Dec 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Context: Karnataka’s Kaiga has once again made the country proud by creating a world record for the longest uninterrupted operation for 941 days, thereby breaking…
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Green GDP
11, Dec 2018 | National Income
Introduction: Green GDP is a term used generally for expressing GDP after adjusting for environmental damage. Background: The System of National Accounts (SNA) (is the…
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GDP Deflator
11, Dec 2018 | National Income
What is GDP deflator? The Gross Domestic Product (GDP) deflator is a measure of general price inflation. It is calculated by dividing nominal GDP by real GDP and then multiplying by…
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Banking Correspondent (BC)
11, Dec 2018 | Banking
Introduction: Banking Correspondents (BCs) are individuals/entities engaged by a bank in India (commercial banks, Regional Rural Banks (RRBs) and Local Area Banks (LABs)) for providing banking services…
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Union cabinet approves implementation of shahpurkandi dam
11, Dec 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? Union Cabinet has approved implementation of Shahpurkandi Dam Project on river Ravi in Punjab. The project will be implemented by Punjab Government…
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Flood hit Plantations Look for Rescue Act
18, Oct 2018 | Agriculture, ignorance, subsidy, marketing
In news: The United Planters’ Association of Southern India (UPASI) has estimated the plantation crop loss in the recent floods, mainly in Kerala, parts of…
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National Taskforce on Land Reforms
17, Oct 2018 | Agriculture, ignorance, subsidy, marketing
In News: • The people’s movement Ekta Parishad cut short its march of 25,000 landless and tribal people from Gwalior to Delhi last Saturday after…
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Fines Fail to Deter Stubble Burning
16, Oct 2018 | Agriculture, ignorance, subsidy, marketing
Why in News? The Centre and the States — Punjab, Haryana and Uttar Pradesh — have in several meetings through the year declared a “zero…
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Punjab to Post Nodal Officers to Curb Stubbling Burning
16, Oct 2018 | Agriculture, ignorance, subsidy, marketing
Why in News? To curb the menace of stubble burning, the State has decided to appoint nodal officers in 8,000 paddy growing villages. The villages…
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ECB Norms Relaxed oil Companies
15, Oct 2018 | Capital Market
In News: With the rupee under pressure following rise in global crude oil prices, the Reserve Bank of India liberalized the norms for oil marketing…
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Centre RBI Difference
15, Oct 2018 | Banking
Context: There are many differences and contentions points between RBI and the central government on managing Indian economic fabric, creating tensions between them. Though there…
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Oil Bond
14, Oct 2018 | Capital Market
What is oil bond? Oil bonds are issued by the government to compensate oil marketing companies (OMCs), fertilizer companies and the Food Corporation of India…
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Cabinet NOD to panel on United nations Sustainable Development goals
13, Oct 2018 | Financial inclusion
Why in News? The Union Cabinet gave its nod for the constitution of a high-level steering committee to review and monitor the progress on sustainable…
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Hunar Haat
12, Oct 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Hunar haat comes under the Ministry of Minority affairs. Hunar Haat components: To promote marketing and sale of products of individual Minority craftsmen/ artisans. To…
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Government Invites Bids for International UDAN Flights
11, Oct 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in News? The central government has invited proposals from interested air operators for the international version of its ‘Udan’ (Ude Desk Ka Aam Nagrik)…
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Panel for adopting un model on cross – Border Insolvency
10, Oct 2018 | Growth, Development, National
Why in News? A high-level committee has recommended adoption of a United Nations model law along with some carve outs for dealing with cross-border insolvency…
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Lagoon Villas to come to Lakshadweep’s Emeralds
10, Oct 2018 | Growth, Development, National
Why in News? NITI Aayog plans ‘eco-cottages’ and a film city to boost tourism in the island territories. NITI Aayog’s strategy to attract Tourist: As…
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India Leadership Summit
09, Oct 2018 | Investments, Investment models
Why in News? U.S.-India Strategic Partnership Forum organised the India leadership summit. About the summit: They briefed the Prime Minister on the outcomes of India…
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GOVERNMENT FIVE POINT PLAN
07, Sep 2018 | Growth, Development, National
In an effort to encourage capital flows against the backdrop of a widening current account deficit, the government announced that it will focus on a…
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BSE, NSE GET SEBI NOD FOR COMMODITY SEGMENT
06, Sep 2018 | Capital Market
Why in news? The Securities and Exchange Board of India has given the regulatory go-ahead to BSE and NSE to start their respective commodity derivatives…
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ECB (EXTERNAL COMMERCIAL BORROWING) NORMS EASED
05, Sep 2018 | Growth, Development, National
The Reserve Bank Wednesday eased norms for companies in manufacturing sector to raise overseas funds and allowed Indian banks to market Masala Bonds in line…
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MOU BETWEEN INDIA AND JAPAN
05, Sep 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Japan International Cooperation Agency has signed an agreement with India to provide an Official Development Assistance (ODA) Rs 5,500 Crore loan, as the first tranche…
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CABINET CLEARS PROPOSAL TO MAKE GSTN 100 PER CENT GOVT- OWNED COMPANY
05, Sep 2018 | Taxes and Taxation
Why in news? The Union Cabinet has cleared a proposal to convert the GST Network into a government- owned company, finance minister Arun Jaitley GSTN:…
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MOV on Masala Bond
05, Sep 2018 | Capital Market
The Memorandum of Understanding (MoU) was signed by NSE London Stock Exchange Group on dual listing of masala bonds About: Under the pact, together LSEG…
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Internal Ombudsman
04, Sep 2018 | Banking
RBI introduces Internal Ombudsman Scheme for stronger redressal of banks customer complaints. About: The banking regulator has asked all the Scheduled Commercial Banks having 10…
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India Post Payments bank
03, Sep 2018 | Banking
Prelims: Indian Economy Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) under Indian postal department, in a bid to take banking to the…
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Proposal for city level GDP under study
18, Aug 2018 | Growth, Development, National
The Economist Intelligence unit (EIU) recently did a feasible study of various models to calculate city-level GDPs for the MOHUA. Urban India responsible for an…
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Cabinet clears Rs. 1,600 cr. Mission to map coasts
17, Aug 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for the umbrella scheme “Ocean Services, Technology,…
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GST Exemption
17, Aug 2018 | Taxes and Taxation
The GST Council has decided to extend the deadline for filing GSTR-3B returns for July for taxpayers in Kerala to October 5, and for August…
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Solar cell safeguard duty put on hold
17, Aug 2018 | Taxes and Taxation
The government issued a notification putting on hold the imposition of the safeguard duty on the import of solar cells from China and Malaysia. Background:…
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Centre moots overseas UDAN
16, Aug 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
Why in news? The government is planning to extend its regional connectivity scheme Ude Desh Ka Aam Nagrik (UDAN) to overseas locations also as part…
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STT for derivatives
16, Aug 2018 | Capital Market
Central Board of Direct Taxes (CBDT) clarified that physical settlement in the equity derivatives segment will attract securities transaction tax (STT) of 0.1 per cent.…
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FDI: India remains top destination
16, Aug 2018 | Capital Market
Why in news? India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong, according to the RBI Annual Report. FDI Inflow:…
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Crash in Rupee
16, Aug 2018 | Capital Market
Rupee was crash to a fresh all-time low of 71.10 against the US dollar amid prevailing weakness in emerging market currencies. The government attributed the…
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RBI on stressed assets
12, Aug 2018 | Banking
The Reserve Bank of India (RBI) has started scrutiny of 200 large accounts to assess level of stress and provisioning done against them by respective…
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Fall Army worm
09, Aug 2018 | Agriculture, ignorance, subsidy, marketing
A large-scale outbreak of a new pest named Fall armyworm is devastating maize crop throughout Karnataka. The finding is the first report of this pest…
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FASTAG
25, Jul 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
What is it ? To Regulate traffic in the tollgates, which has resulted in increasing cost of logistics, the Union Ministry of Road Transport and…
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FDI
24, Jul 2018 | Capital Market
Why In News? There has been 300% increase in FDI inflows in IT and 1TES in Karnataka and rebound in investment in Tamil Nadu. What…
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Inter Creditor Agreement
24, Jul 2018 | Banking
Lenders of the country signed an agreement known as Inter-creditor agreement (ICA) among themselves to grant power to the lead lender of the consortium to…
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Policy Induced Inefficiencies are Export Policy
23, Jul 2018 | Growth, Development, National
Trade policy measures. a variety of trade policy measures applied in 2000-16 – such as export prohibitions, export quotas, export duties, or minimum export prices…
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India Post-Life Insurance
23, Jul 2018 | Financial inclusion
The Department of Posts plans to build on its life insurance, which can be seen as part two of the government’s flagship Jan Dhan Yojana…
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Study on Agriculture Policy in INDIA – ICRIER & OECD
23, Jul 2018 | Agriculture, ignorance, subsidy, marketing
Agriculture Policies in India - proposes a set of policy measures that, taken together, would improve the incomes of farm households, improve nutrition outcomes for…
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MSP Hiked
23, Jul 2018 | Agriculture, ignorance, subsidy, marketing
Union government hiked MSP for 15 kharif crops including paddy and pulses. MSP: What: Minimum Support Price (MSP) is a form of market intervention by…
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Global Mobility Summit
22, Jul 2018 | Infrastructure Road, inland, Railway aviation, Housing, Rural & Urban
NITI Aayog, in collaboration with various ministries and industry partners, is organising ‘MOVE: Global Mobility Summit’ in New Delhi. This Summit will help drive Government’s…
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Sunil Mehta Committee
22, Jul 2018 | Banking
A committee under Sunil Mehta was set up to give recommendation on formation of an Asset Reconstruction Company for quicker resolution on stressed assets. Committee…
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Index of Eight Core Industries
21, Jul 2018 | Growth, Development, National
Index of eight core industries was released by ministry of commerce and industries. The Eight Core Industries comprise 40.27 per cent of the weight of…
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GST Council
21, Jul 2018 | Taxes and Taxation
Conceding to a long standing demand, the GST council has exempted several goods from the GST net. Background: Goods & Services Tax Council is a…
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Reverse Charge Mechanism
20, Jul 2018 | Taxes and Taxation
Definition: Reverse charge is a mechanism where the recipient of the goods and/or services is liable to pay tax instead of the supplier. Application of…
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GST Day
20, Jul 2018 | Taxes and Taxation
To commemorate first year of GST reform GST day was celebrated on 1st July 2018. Constitution 101st Amendment Act- an indirect tax on the supply…
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RBI report on inward remittance
17, Jul 2018 | Growth, Development, National
The United Arab Emirates (UAE) has emerged as the top source of inward remittances, while Kerala has received the maximum funds sent from abroad. Remittance:…
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Anti – Dumping Measures Against China Ineffective, says Parliamentary committee
09, Jul 2018 | Growth, Development, National
Companies in India are side-stepping the anti-dumping measures imposed by the government by deliberately misclassifying items imported from China. Report by Parliamentary Standing Committee on…
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