GDP is expected to grow 7 percent: NSO Subject :Economy Aided by good performance of the agriculture and services sectors, India’s Gross Domestic Product (GDP) is expected to grow 7 per cent in financial year 2022-23, according to the first advance estimates of national income released by the National Statistical Office (NSO). This […]
UGC unveils draft norms to allow foreign universities to set up campuses in India Subject :Economy Context: The University Grants Commission (UGC) has announced draft norms for facilitating foreign universities and educational institutions to set up campuses in India which allow them autonomy in decision making. The final norms will be notified by […]
Supreme Court thwarts eviction from Railway land in Haldwani Subject :Economy Context The Supreme Court on Thursday stayed a direction of the Uttarakhand High Court to the Indian Railways and the district administration to use paramilitary forces to evict thousands of poor families occupying railway land in Haldwani district within a week. Avocate […]
RBI unveils plans to raise ₹16,000 crore via Sovereign Green Bonds Subject :Economy Context: The Reserve Bank of India (RBI) said that the maiden Sovereign Green Bonds (SGrBs) would be issued in two tranches for an aggregate amount of Rs 16,000 crore. The RBI will auction 5-year and 10-year green bonds worth Rs […]
Centre will adhere to timelines fixed by SC for judicial appointments: A-G Subject :Economy Context: The Attorney-General of India has told the Supreme Court that the Union government will adhere to the timelines fixed by the court to process recommendations for judicial appointments. The court had earlier said that the government was intentionally […]
Competition Commission of India (CCI) passed two orders against Google Subject :Economy Context: In October 2022, the Competition Commission of India (CCI) passed two orders against Google in respect of its Android ecosystem and Play Store policies. Through these orders, the competition panel not only imposed penalties against Google for abusing its dominant […]
Complaints Under Banking Ombudsman Scheme Subject :Economy Context: The Reserve Bank of India (RBI) has released the Annual Report of the Ombudsman Schemes for the period April 01, 2021 – March 31, 2022. As per the report, volume of complaints received under the scheme stood at 4,18,184 in 2021-22, an increase of 9.39 […]