Subject: Report Context: IMF on recent update of Global Financial Stability Report said financial conditions have eased but insolvencies loom large. Concept: Findings Risk asset prices have rebounded following the precipitous fall early in the year, while benchmark interest rates have declined, leading to an overall easing of financial conditions. Swift and bold actions by […]
Subject:Economy Context: Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for ₹10,000 crores each on July 02, 2020 Concept: OMO Open market operations are the sale and purchase of government securities and treasury bills by RBI or the central bank of the country. The objective of OMO is to regulate the money supply in […]
Subject: Economy Context: Just one week left to pay first installment of the equalisation levy on e-Commerce companies. Concept: Equalization Levy was introduced in India in 2016-2017, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. Equalization Levy is a direct tax, which is withheld at […]
Subject: Economy Context: Ministry of finance has disallowed the automatic carry forward of unspent money by various ministries and departments over the next month or quarter. It also decided that order restricting overall quarterly expenditure of certain ministries and departments to 15-20% of their budgeted amounts in the first quarter of this fiscal, will continue […]
Subject: Polity Context: India government has banned 59 apps originating from China by invoking its power under Section 69A of the Information Technology Act Concept: Reason Ministry of Electronics and Information Technology (MeitY) said it had received many complaints including several reports about misuse of some mobile apps available on Android and iOS platforms for […]
General Studies Paper-4 SECTION-A 1.A) All human beings aspire for happiness. Do you agree? What does happiness mean to you? Explain with examples. (150 words) 1.B) What does ethics seek to promote in human life? Why is it all the more important in public administration? (150 words) 2.A) In the context of defence […]
General Studies Paper-3 Answer all the questions in NOT 200 words Such. Context of the answer is more important than its length. All Question Carry Equal Marks 12½ x 20=250 Q1. Normally countries shift from agriculture to industry and then later to services, but India shifted directly from agriculture to services What are […]
On this Day 30th June is observed as death anniversary of Dada Bhai Naroji also known as the “Grand Old Man of India” and “Unofficial Ambassador of India” Personality of the Day: Dada Bhai Naroji Organisations founded: Founded London Indian Society 1857 and the East India Association 1866. The two organisations sought to bring nationalist Indians and sympathetic […]