New policy of UPI for NRI Subject : Economy Section :Msc Concept : The National Payments Corporation of India (NPCI) paved the way for international (phone) numbers to be able to transact using UPI. The Union Cabinet also approved an incentive scheme with an outlay of ₹2,600 crores for the promotion of RuPay […]
Judicial majoritarianism Subject : Polity Section: Judiciary Concept : Against the backdrop of the recent Supreme Court judgement on demonetisation, the majority judgement of the Court on issues had been criticised while the minority judgement by Justice Nagarathna is being acclaimed. Background A five-judge Constitution Bench of the Supreme Court upheld the government’s […]
Mahila Samman Saving Certificate Subject: Economy Section: Fiscal policy Concept: Finance Minister recently announced a new saving scheme ‘Mahila Samman Saving Certificate’ for women and girls in the Union Budget. Mahila Samman Saving Certificate Scheme: The scheme offers deposit facility up to Rs 2 lakh in the name of women or girls for […]
Vehicle scrapping policy Subject : Schemes Concept : The Union Budget for 2023-24 has laid special emphasis on vehicle scrapping policy by allocating adequate funds to replace vehicles that are over 15 years. Finance Minister Nirmala Sitharaman today announced that “adequate funds” have been allocated in the Union Budget 2023-24 to scrap and […]
Funds for minority scheme slashed by 38 percent Subject : Schemes Concept : The Budget allocation for the Ministry of Minority Affairs was reduced by 38% for the financial year 2023-24 to the year 2022-23. Several scholarship and skill development schemes got major fund cuts including the merit cum means scholarship for professional […]
PAN to be used as common identifier for digital systems Subject : Economy Section : Fiscal Policy Concept : Finance Minister Nirmala Sitharaman on Wednesday, February 1 said Permanent Account Number (PAN) will be used as a common identifier for all digital systems of specified government agencie The move would help in further […]
Vibration failure led to failure of SSLV – D1 Subject : Science and technology Section: Space Concept : The Indian Space Research Organisation (ISRO) on Wednesday issued an official statement explaining in detail the failure of the first development flight of the Small Satellite Launch Vehicle (SSLV) in August last year. The space […]
US destroyed arms control pact – New start treaty Subject : International Relations Section: Important Events Concept : Russia has accused US for destroying weapons control agreements, after the US said Russia was not complying with their last remaining arms pact, the New START treaty. New START Treaty The New Strategic Arms Reduction […]
Accelerator fund for agri-startups Subject :Schemes Section :Agriculture Context: The government will set up an accelerator fund for agri-startups: Budget More on the News: The government will set up an accelerator fund for agri-startups to increase digital infrastructure in the rural areas and boost startups in this space. The fund will work towards […]
Remittances high, low tax payment Subject :Economy Section: Fiscal Policy Section: Context: Finance Secretary said the measures have been taken based on information that people are making high-value remittances but their tax returns are not reflecting proportionate income tax payments. More on the News: To trace high-value spending and tax avoidance by high […]