October storm in Bay of Bengal after 3 years: When, where it is likely to hit Subject : Geography Context- The first tropical cyclone of the post-monsoon season of 2022 is likely to form in the Bay of Bengal on October 24. If realised, this will be the first cyclone to develop in […]
China-plus-one strategy Subject : Economy / Current Events Context: India must reorient its trade policy to take advantage of the increasingly popular China-plus-one strategy. Concept : About China-plus one strategy China Plus One, also known simply as Plus One, is the business strategy to avoid investing only in China and diversify business into […]
Financial Reporting Review Board (FRRB) Subject : Economy Context: The Financial Reporting Review Board (FRRB ) is likely to review edtech major BYJU’S financial statements and look into the alleged irregular accounting practices– including the delayed filing and revenue recognition from “streaming services”. Concept: Filing of financial statements by private companies: As a […]
Stock Exchange index Subject : Economy Context: Market watchers say Samvat 2078 (last Diwali to this) has been tough for Financial markets as the Sensex declined 0.96 per cent, while the broader Nifty index fell 1.48 per cent. Details: It is the beginning of Samvat 2079 next week. Causes of down performance: Omicron […]
Gift tax Subject : Economy Context: The Supreme Court ruled that shares within the lock-in-period are not ‘quoted shares’, and thus they need to be valued as ‘unquoted shares’ to determine the gift tax liability. Details: The issue related to whether the gifting of the promoter’s locked-in shares should be treated as quoted […]
Abuse of Dominant Position and related news Subject: Economy Context: The Competition Commission of India (CCI) imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position. Details: Mandatory pre-installation of the entire Google Mobile Suite (GMS) under Mobile Application Distribution Agreement (MADA), with no option to uninstall the same, […]
Customs’ SWIFT Subject : Economy Context: The government is now planning to introduce a single window clearance system for exports. Details: It is planned to create a web-based registration of goods, including from special economic zones. It would facilitate integration of Customs ICEGATE with other regulatory agencies to ensure faster clearances for export […]
EC removes officer who cancelled candidate’s symbol Subject :Polity Context: Recently, EC removes returning officer who nixed candidate’s symbol opposed by TRS What is the issue: The Election Commission replaced the returning officer in Telangana’s bypoll-boundMunugode Assembly constituency after he cancelled a candidate’s symbol—road roller,one of the symbols that the ruling Telangana Rashtra […]
Russia Removed From the Global Nuclear-Energy Summit at Washington Subject : International Relations Context: Recently, the International Atomic Energy Agency confirmed that the executives from Rosatom and Russia’s industry regulator were dropped from the agenda of next week’s meetings in the US capital. What is the issue: Russia has come under increased pressure […]
Bail Subject : Polity Context: Recently Supreme Court has granted interim bail to the accused in the 2017 murder of a Class 2 student at a private school in Gurgaon. What is bail: Bail is the conditionalrelease of a person held under legal custody in matters which are yet to be pronounced by […]