Urban Co-operative Banks (UCBs) Subject: Economy Context: The Reserve Bank of India (RBI) plans to permit Urban Co-operative Banks (UCBs) refund the share capital to their members, or nominees/ heirs of deceased members, on demand, subject to conditions, as per its draft guidelines Concept: The Reserve Bank of India (RBI) plans to permit […]

    Special livestock sector package Subject: Economy Context: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved implementation of special livestock sector package consisting of several activities by revising and realigning various components of the Central government schemes for the next five years starting from 2021-22. Concept: The aim is to boost growth […]

    Subsidies to fishing community and WTO Subject: Economy Context: India will focus on protecting the subsidies given to its small and artisanal fishing community at the WTO ministerial meeting on Thursday, where members will attempt to push the ongoing negotiations towards conclusion. Concept: The elements in the revised draft agreement floated by the […]

    Input Tax Credit Subject: Economy Context: Year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. Concept: Input credit means at the time of paying tax on output, you can reduce the tax you have […]

    EESL Subject: Economy Context: The Andhra Pradesh government will buy 25,000 electric two-wheelers for its employees. Concept: Energy Efficiency Services Limited (EESL) is a joint venture of four national Public-Sector Undertakings – NTPC Limited, Power Finance Corporation Limited, Rural Electrification Corporation Limited and POWERGRID Corporation of India Limited. Convergence Energy Services Limited (CESL), […]