Table Of Contents Aircraft (Amendment) Bill, 2020 MPLADS Essential Commodities Amendment Bill Inter-State Migrant Workmen (ISMW) Act, 1979 Official languages for state WTO’s Dispute Settlement Body Trade deficit Adjournment motion Impossible Trilemma Consumer Welfare Fund National Fisheries Policy Gold Monetisation Scheme MPs salary Capital gain Tax Economic and Social Council Article 293 1. Aircraft (Amendment) […]
Subject: Polity Context: The GST Council can recommend to the Central government to permit the States to borrow money, as a measure for meeting the compensation gap, Attorney General (AG) KK Venugopal had opined Concept: Article 293: Borrowing by States Subject to the provisions of this article, the executive power of a State extends to […]
Subject: IR Context: India has been elected as a member of the United Nation’s Commission on Status of Women, a body of the Economic and Social Council (ECOSOC) Concept: The Economic and Social Council is at the heart of the United Nations system to advance the three dimensions of sustainable development – economic, social and […]
Subject: Economy Context: A Parliamentary panel has suggested abolishing tax on long-term capital gains for all investments in start-ups made through collective investment vehicles (CIVs). Concept: The gain or profit from the sale of assets is classified as a capital gain. The tax for this capital gain needs to be paid in the year that […]
Subject: Polity Context: Lok Sabha passed a bill proposing a 30 percent salary cut in the salaries of MPs for one year Concept: Article 106 of the Constitution empowers MPs to determine their salaries and allowances by enacting laws. Till 2018, Parliament periodically passed laws to revise the salaries of MPs. In 2018 through the Finance Act, Parliament […]
Subject: Schemes Context: Six banks, led by State Bank of India (SBI), collectively mobilised 68 per cent more gold year-on-year (yoy) from households and temple trusts, among others, at 4,643.25 kg in 2019-20 against 2,763.12 kg the previous year under the Gold Monetisation Scheme (GMS). Concept: Indians families keep a lot of gold lying idle […]