FATF Subject: International Organizations Context: The Financial Action Task Force (FATF) had deferred its once-a-decade evaluation of India’s anti-money laundering regime scheduled for this year, citing the COVID-19 pandemic, and indicated that the onsite review to be conducted by global experts may now take place in early 2021. Concept: The FATF undertakes peer […]
RoDTEP SCHEME Subject : Government Schemes Context : Benefit of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme will be extended to all export goods from January 1, 2021, the finance ministry said in a statement Concept : Under the scheme, the embedded central, state and local duties or taxes will […]
AGRICULTURE INFRASTRUCTURE FUND Subject : Economy Concept : It is a Pan India Central Sector Scheme-Agriculture Infrastructure Fund. The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support. Loans Provided from the […]
FOREIGNER’S TRIBUNAL Subject : Governance Context : After a year-and-a-half in a detention centre as ‘illegal foreigners’, the New Year has brought freedom and citizenship to Mohammad Nur Hussain, 34, his wife Sahera Begum, 26, and their two minor children, who have been declared Indians in a re-trial by a Foreigners’ Tribunal (FT). […]
MACROPHAGES Subject : Science & technology Context : Researchers at Karolinska Institutet in Sweden describe how different kinds of immune cells, called macrophages, develop in the lungs and which of them may be behind severe lung diseases. Concept : The structure of the lungs exposes them to viruses and bacteria from both the […]
UPI BASED INNOVATIONS Subject : Science & tech Concept : OPEN CREDIT ENABLEMENT NETWORK (OCEN) OCEN is a credit protocol infrastructure, which will mediate the interactions between loan service providers, usually fintech and mainstream lenders, including all large banks and NBFCs. It is developed by a think tank, Indian Software Products Industry Round […]
CORE INDUSTRIES OUTPUT CONTRACTS Subject : Economy Context: Contracting for the ninth consecutive month, the output of eight core infrastructure sectors dropped by 2.6 per cent in November, 2020. Concept : The production of eight core sectors had recorded a growth of 0.7 per cent in November 2019, data released by the commerce […]
FISCAL DEFICIT Subject : Economics Context : India’s fiscal deficit shot up to 135.1% of the Budget target of nearly ₹8 lakh crore for 2020-21, in the 8 months from April to November 2020, as per data released by the Controller General of Accounts. Concept : Fiscal Deficit The government describes fiscal deficit […]