Subject: Economics Context: A Research Paper by David Robinson argues that the problems facing the European electricity majors reflect a ‘scissors effect’. Concept: The paper highlights how structural trends and government intervention are damaging the major European electricity companies and affecting consumers. On the one hand, it argues that is a dynamic process whereby certain […]
Subject: Economics Context: COVID-19 will significantly erode the fiscal consolidation achieved by the State governments in the past three years, the RBI said in a report. RBI has also said that Gross Fiscal Deficit (GFD) of the States would spiral during the current fiscal. Concept: Fiscal consolidation implies reduction in debt accumulation and fiscal deficit. […]
Subject: Govt Schemes Context: Government extends deadline to make payment under Vivad se Vishwas scheme till March 31, 2021. Concept: The amnesty scheme, at present, covers disputes pending at the level of commissioner (appeals), Income Tax Appellate Tribunals (ITAT), high courts, the Supreme Court and those in international arbitration. It offers a complete waiver on […]
Subject : Legislation Context : The Ministry of Home Affairs (MHA) designated 18 more individuals(all Pakistan based) as “terrorists” under the amended anti-terror law(UAPA) that was passed by Parliament last year. Concept : UAPA was passed in 1967. It aims at effective prevention of unlawful activities associations in India. Unlawful activity refers to any action […]
Subject : Polity Context : The Union home ministry notified rules allowing outsiders to buy non-agricultural land in J&K more than a year after the region’s special status under Articles 370 and 35A was scrapped, and it was split into two Union territories. Concept : Background : People from outside the state were barred from […]
Subject: Govt Schemes Context: IRDAI has come out with guidelines for Saral Jeevan Bima and has laid that all life insurers must offer this product from January 1 ,2021. Concept: Key features It will be a non-linked, non-participating individual pure risk premium life insurance plan providing for payment of the sum assured in lump sum […]
Subject: Health Context : The Non-Communicable Diseases-Covid link has led to a global focus on the use of trans fatty acids. Concept: Trans fats Trans fatty acids (TFAs) or Trans fats are the most harmful type of fats which can have much more adverse effects on our body than any other dietary constituent. These fats […]
Daily Prelims Topic Fiscal Consolidation and State Fiscal deficit Jallianwala Bagh and General Dyer Vivad se Vishas Outsiders can buy land in J&K Unlawful activities prevention act NIA Daily Facts Hunger According to FAO the share of India’s population unable to afford an energy-sufficient diet has shrunk to just 0.9%, the share of […]