Table Of Contents DIPAM Fertilizer subsidy CERC BIRDS OF GOD COMPOSITION TAXPAYER SAGARMALA INCOIS OPEC LOKUR COMMITTEE   1. DIPAM Subject: Economy Context: DIPAM to monetise assets worth over ₹100 crore. Concept: The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for […]

Subject : Polity Context : The Supreme Court on Monday decided to keep in abeyance its previous order appointing former Supreme Court judge Justice Madan B. Lokur to a one-man committee to monitor/prevent stubble-burning in Uttar Pradesh, Haryana and Punjab. Concept : The committee will be helped by student volunteer forces deployed from the National […]

Subject: International Organization Context: The Organization of Petroleum Exporting Countries (OPEC) is hoping that lockdowns and curfews in some countries in the event of a second or third wave of COVID-19 infections will not dent global energy demand as much as in the second quarter of this year. Concept: The Organization of the Petroleum Exporting […]

Subject: National Organization Context: India is much safer against tsunami threat than it was in 2004, because of the state-of-the-art tsunami early warning system established at Indian National Centre for Ocean Information System (INCOIS) according to INCOIS director. Concept: INCOIS (an autonomous body under the Ministry of Earth sciences) is also providing tsunami advisories to […]

Subject: Economy Context: Sagarmala development company Ltd will step in to help deploy some of the 24 roll-on, roll-offas well as Ropax owned by Inland Waterways Authority of India. Concept: Sagarmala: The Sagarmala project seeks to develop a string of ports around India’s coast. The objective of this initiative is to promote “Port-led development” along […]

Subject: Economy Context: Over 3.5 lakh composition taxpayers under GST will now have the facility of filing NIL return by just sending a SMS. Concept: Composition Scheme Taxpayers under the composition scheme of the GST will now have more relaxed rules with an increased turnover limit for the applicability, inclusion of service providers and reduced […]

Subject: Environment Context: ‘Birds of God’ project is a true success because of the involvement of the community. There has never been such a quick turnaround to a conservation project in India, where one year a species was being hunted and in the next, it stopped. To celebrate the conservation story, the Nagaland government held […]

Subject: National Organisation Context: The Central Electricity Regulatory Commission (CERC), which has been non-operational for nearly two months now, will continue to remain so for at least four more weeks. Concept: Central Electricity Regulatory Commission (CERC). CERC is a regulator of the power sector in India. It intends to promote competition, efficiency and economy in […]

Subject: Economy Context: A bountiful monsoon has brought a new challenge for the Finance Ministry, with the subsidy bill for fertilisers this year expected to be much higher. Concept: Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them.• The difference between the retail […]

Subject: Economy Context: DIPAM to monetise assets worth over ₹100 crore. Concept: The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance has been made the nodal department for the strategic stake sale in the Public Sector Undertakings (PSUs). DIPAM and NITI Aayog will jointly identify PSUs for strategic disinvestment.  Mandate […]