INSURANCE FDI RULES Subject : Economy Context : With the government defining the management and control criteria for Indian insurance companies last Wednesday through a gazette notification, the Finance Ministry expects the sector to be a key recipient of foreign capital. Concept : New rules amends the Insurance Act, 1938 to increase the […]

    SHAHI LICHI Subject : Economy Context: In a major boost to export of GI certified products, season’s first consignment of Shahi Litchi from Bihar was exported to United Kingdom by air route. Concept : The Shahi Lichi is a variety of lichi that is grown in Muzaffarpur and has high pulp and is […]

    FERN Subject : Economy Concept : A fern (Polypodiopsida or Polypodiophyta) is a member of a group of vascular plants (plants with xylem and phloem) that reproduce via spores and have neither seeds nor flowers. They differ from mosses by being vascular, i.e., having specialized tissues that conduct water and nutrients and in […]

    E WAY BILL Subject : Economy Context : GST authorities will now be able to track real-time data of commercial vehicle (CV) movement on highways by integration of the e-way bill (EWB) system with FASTag and RFID. Concept : The E-way bill, short form for electronic way bill, is a document to be […]

    PINK REVOLUTION Subject: Economy Context: Indonesia not suspended Indian buffalo meat imports, confirms Indian Embassy in Jakarta. Concept: The modernization of the meat and poultry processing sector in India is the Pink Revolution. Pink revolution is also denoted as a revolution for Onion production, pharmaceuticals and prawn production. Modernization is the mechanization and […]

    OIL SEEDS PRODUCTION Subject: Economy Context : WTO member-countries are questioning India mainly regarding incentives to oilseed growers to boost output. A creative non-tariff based policy will boost oilseeds output. It will also counter the US, the EU’s objections in WTO. Concept: Country needs 25 million tonnes of edible oils to meet its […]

    GHOLVAD SAPOTA Subject: Economy Context: Recently, a consignment of DahanuGholvad Sapota from Palghar district of Maharashtra was shipped to the United Kingdom in a major boost to exports of Geographical Indication (GI) certified products. Concept: The GI certification of Ghovad Sapota is held by Maharashtra Rajya ChikooUtpadak Sangh. It is believed that the […]

    GST ON IMPORTED OXYGEN CONCENTRATORS Subject: Economy Context: IGST Imposition On Import of Oxygen Concentrators As Gift For Personal Use Unconstitutional: Delhi High Court. Concept: It said that oxygen concentrators constitute a life-saving device during the COVID-19 pandemic and during a pandemic, a different approach needs to be adopted. The petitioner had challenged […]