Subject: Economy Context: Comptroller and Auditor General of India (CAG) told Parliament that the Centre has only transferred Rs 1.64 lakh crore or 60% of the proceeds from cess / levies in FY19 to the relevant reserve funds and retained the balance in the Consolidated Fund of India (CFI). Concept: A cess is a form […]
Subject: Economy Context: In view of the Mandatory Hallmarking, the number of jewellers and hallmarking centres applying for Bureau of Indian Standards (BIS) certificate will increase manifold and to deal with increasing number of applications, an online system for issuing BIS certificate has been developed by BIS and launched by the Government Concept: Hallmarking is […]
Subject: Economy Context: Government has integrated Industrial Information System (IIS) portal with the GIS System Concept: It will provide updates on land availability and plot level information to investors anywhere in the world on real time basis and help them make informed decisions. For the development of National Land Bank, Government intends to solicit the […]
Subject: Economy Context: Since it became obvious the pandemic would create a recession, economists have debated the shape of it. Joe Biden weighed in on the matter in a speech blaming President Trump for creating an unusual “K shape. Concept: A K-shaped recovery occurs when an economy recuperates unevenly, and there’s a separate trajectory for […]
Subject: Economy Context: Eleven States raised a total of Rs. 14,298 crore at the auction of State government securities or State development loans (SDLs) held on September 22. From April 7 to September 22 in this financial year, 27 States and 2 Union Territories have cumulatively raised Rs. 3.26 lakh crore via market borrowings, which […]
Subject: Economy Context: The Telecom Regulatory Authority of India (TRAI) has suggested the setting up of a multi-stakeholder body (MSB) to ensure that internet service providers in the country adhere to the principles of net neutrality. Concept: The concept that all data on the internet should be treated equally by corporations, such as internet service […]
Subject: Economy Context: The Ministry of Micro, Small and Medium Enterprises (MSME) implements various schemes and programmes for promotion and development of Micro, Small and Medium Enterprises (MSMEs) throughout the country. This information is given by minister in Lok Sabha Concept: The schemes/programmes such as Prime Minister’s Employment Generation Programme (PMEGP), Scheme of Fund for […]