BIMSTEC Subject: IR Section: International organization Context: In March 30, BIMSTEC leaders will meet at Colombo to attend the 5th BIMSTEC summit Concept: The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is a regional multilateral organization. Its members lie in the littoral and adjacent areas of the Bay of […]
Foreign Asset Investigation Unit (FAIU) Subject: Economy Section: Fiscal Policy Context: The Government’s probe team, supervised by a Multi Agency Group (MAG), has started action first on offshore trust-owning individuals and companies named in Pandora Papers. THE INCOME Tax Department and its newly created Foreign Asset Investigation Unit (FAIU) have conducted two major […]
Currency in circulation Subject: Economy Section: Monetary Policy Context: During the financial year so far, currency with the public has gone up by 9.7 per cent, or Rs 2.66 lakh crore, from Rs 27.51 lakh crore in March 2021. Cash with the public has shot up 285 per cent from a low of […]
National Clearing Ltd Subject: Economy Section: Monetary Policy Context: A probe by market regulator SEBI into the four-hour-long trading disruption witnessed by the National Stock Exchange (NSE) on February 24, 2021, has revealed that the exchange’s critical trading infrastructure suffered a massive breakdown due to faulty design and lower than required capacity to […]
India’s GDP composition Subject: Economy Section: National Income Context: The Indian economy can grow consistently at 8 per cent for the next 20 years leading to the generation of up to 1.5 crore new jobs and bringing out 3.5 crore people out of poverty every year on the basis of the capital investment […]
The move to ease voting for overseas citizens Subject: Polity Section: Elections Context: On March 25, Union Minister for Law and Justice Kiren Rijiju in response to a question in the Lok Sabha stated that the government was exploring the possibility of allowing online voting for non-resident Indians (NRI). Background: Part III of […]
Cobots rising Subject: Science and Tech Section: Robotics Context: Robots that work hand-in-hand with humans are set to transform businesses big and small alike in the near future What are Cobots? A cobot is intended to work hand-in-hand with humans in a shared workspace. This is in contrast with full-fledged robots that are […]
BSP chief Mayawati says will not accept the post of President Subject: Polity Section: Executive Context: Recently BSP chief Mayawati said that she will not accept the post of President as it will end her party. President Under the Constitution of India, there shall always be a President of India ( Article 52 […]
Rubber cultivation in India Subject: Geography Section: Economic Geography Context: A plan by the Rubber Board to develop rubber plantations in an area of two lakh hectares across the seven northeastern States in a span of five years starting from 2021-22 has unleashed pent-up demand among the rubber nurseries in the State Concept: […]