DICGC to announce new date to submit claims Subject – Economy Context – The Deposit Insurance and Credit Guarantee Corporation (DICGC) has clarified that it will separately communicate the revised date for submission of claims and the procedure to be followed in respect of payment of deposits in the case of the scam-hit […]
Tax buoyancy Subject – Economy Context – Revenue Secretary Tarun Bajaj wants to be cautious even though both indirect and direct tax collections during the first two quarters of this fiscal year have shown buoyancy. Concept – To know about tax buoyancy, please click here. For related terms like Revenue Foregone and Tax […]
‘Fraud loans’ to ARCs Subject – Economy Context – RBI allows banks to sell ‘fraud loans’ to ARCs Concept – The Reserve Bank of Indiaallowed loan exposures classified as fraud to be transferred to Asset Reconstruction Companies (ARCs). This comes in the wake of banks reporting frauds aggregating ₹3.95-lakh crore between FY19 and […]
China’s Cryptocurrency ban Subject – Science and Tech Context – China’s blanket crypto ban sends most digital units tumbling Concept – Cryptocurrency investors and exchanges went into a tizzy after China’s central bank announced a blanket ban on all cryptocurrency transactions and mining activity in that country. China is not only one of […]
Artificial Intelligence’s religious biases Subject – Science and Tech Context – Artificial Intelligence (AI) has taken over our lives much sooner than the futuristic movie Minority Report had predicted. Concept – In a paper published in Nature Machine Intelligence, Abid and his fellow researchers found that the AI system GPT-3 (an artificial intelligence […]
China’s Chang’e-5 Lunar Mission Subject – Science and Tech Context – On December 16, 2020, China’s Chang’e-5 lunar mission delivered to Earth nearly 2 kg of rocky fragments and dust from the Moon. Concept – On December 16, 2020, China’s Chang’e-5 lunar mission delivered to Earth nearly 2 kg of rocky fragments and […]
Daily Prelims Notes 24 September 2021 Table Of Contents Chief Economic Advisor Multi-Member Ward System Arjun Mk-1A tanks RBI’s Government Securities Acquisition Programme (G-SAP) Hydrofluorocarbons RBI Retail Direct platform for Government Securities (G-secs) QS Graduate Employability Rankings Gogra mapping Department-Related Standing Committees FASTER System Pradhan Mantri Digital Health Mission Comprehensive and Progressive Agreement […]
Competition Commission of India Subject – Governance Context – Digital cos’ data hegemony may lead to ‘attention economy’, says CCI chief Concept – Competition Commission chief Ashok Kumar Gupta flagged that data hegemony by some digital companies may lead to “attention economy” in which big tech players work to capture users’ attention, build […]
Service Exports from India Scheme (SEIS) Subject – Economy Context – Govt. notifies SEIS rates for 201920, sets ceiling Concept – Service Exports from India Scheme (SEIS) aims to promote export of services from India by providing duty scrip credit for eligible exports. A Duty Credit Scrip is like a credit certificate issued by the Director General of Foreign […]
National Financial Reporting Authority (NFRA) Subject – Economy Context – Accounting regulator raps EY arm’s audit of IL&FS firm Concept – To know more about NFRA, please click here.