Section 148 of the IT Act Subject: Economy Section: Fiscal Policy Context: The Supreme Court on Wednesday held that the reassessment notices issued under the unamended Section 148 of the Income Tax Act on or after April 1, 2021, will not be deemed to be invalid just because they were issued under the […]
Liquidity overhung Subject: Economy Section: Monetary Policy Context: Dominance of ample system level surplus liquidity, resulting in a large liquidity increase in the net RBI Cause: Credit to government -The increase in the net RBI credit to the government could be on account of large monetary accommodation to the government in terms of Ways […]
Lending Rate Subject: Economy Section: Monetary Policy Context: Close on the heels of the Reserve Bank of India’s decision to hike the policy repo rate and cash reserve ratio, banks have started hiking lending rates with ICICI Bank and Bank of Baroda (BoB) kicking off the exercise. Details: Bank of Baroda has hiked […]
Daily Prelims Notes 5 May 2022 Table Of Contents Anti-Defection Law Mercy Petition Fed Reserve Monetary Policy RBI rate hike GST Compensation NRI Investments New insights Evolution of galaxies Invasive Alien plants can threaten water supply HC seeks report on relief in sexual offence cases World Press Freedom Index 1. Anti-Defection Law […]
World Press Freedom Index Subject: Governance Section: Reports and indices Context: India’s ranking in the 2022 World Press Freedom Index has fallen to 150 out of 180 countries, according to the latest report released by the global media watchdog, Reporters Without Borders (RSF). In last year’s report, India was ranked 142. The top […]
HC seeks report on relief in sexual offence cases Subject: Polity Section: Right issues Context: The Delhi High Court has called for a detailed report from the Delhi State Legal Services Authority (DSLSA) to share details of cases where compensation has been paid and cases where compensation is yet to be paid to […]
Invasive Alien plants can threaten water supply Subject: Environment Section: Space Context: The study predicted that clearing catchment areas fully infested with mature invasive alien trees can increase streamflow by between 15.1% and 29.5%. Alien species and water Supply To find out how much alien trees threaten water supply, a hydrological study was […]
New insights Evolution of galaxies Subject: Science and technology Section: Space Context: A study has shown that supermassive black holes may be playing an essential role in the evolution of their host galaxies. What is a galaxy ? A galaxy is a sprawling space system which is composed of stars, dust, interstellar gas, […]
NRI Investments Subject: Economy Section: External Sector Investment made by an Indian entity that is owned and controlled by an NRI on a non-repatriation basis won’t be considered for the calculation of indirect foreign investment, the department for the promotion of industry and internal trade said in a notification. Hitherto, non-repatriable NRI investments […]