Subject: Economy Context: The Goods and Service Tax (GST) regime completes three years since it was first introduced on July 1, 2017 Concept: The GST aims to streamline the taxation structure in the country and replace a gamut of indirect taxes with a singular GST to simplify the taxation procedure. It has been established by […]
Subject: Scheme Context: World Bank approved $500 million project to better education quality in 6 states Concept: The project, named STARS (Strengthening Teaching-Learning and Results for States Program), will be implemented through the SamagraShikshaAbhiyan, the flagship central scheme, in partnership with Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, Odisha and Rajasthan. STARS will help improve learning […]
Subject: Schemes Context: Centre has launched aRs 10,000 crore scheme for micro enterprises Concept: Pradhan MantriFormalisation of Micro Food Enterprises (PM FME) aims to bring in new technology, apart from affordable credit to help small entrepreneurs penetrate new markets. Objectives: Increase in access to finance by micro food processing units. Increase in revenues of target […]
Subject: Schemes Context: Insurance Regulatory and Development Authority of India has announced guidelines on CoVID-19 standard benefit-based health policy and individual Covid-19 standard health policy. Concept: IRDAI has announced Corona Rakshak policy which is a standard benefit-based policy and Corona Kavach Policy, a standard health policy which will be offered on indemnity basis and insurers […]
Subject: scheme Context: Nasha Mukt Bharat: Annual anti-drug Action Plan (2020-21) for 272 Most Affected Districts was launched on the occasion of “International Day Against Drug Abuse and Illicit Trafficking” Concept: Ministry of Social Justice and Empowerment observes 26th June every year as “International Day Against Drug Abuse and Illicit Trafficking”. It is the nodal Ministry […]
Subject: Schemes Context: Under SPARC schemes, researchers from the Indian Institute of Technology Madras are collaborating with their counterparts in Germany to develop low cost technology for hydrogen production. Concept: Scheme for Promotion of academic and Research Collaborationor SPARC is an initiative of the Ministry of Human Resource Development. This scheme will improve research ecosystem […]
Subject: Scheme Context: The Cabinet Committee on Economic Affairs (CCEA) has given its nod to set up a ₹15,000 crore Animal Husbandry Infrastructure Development Fund. Concept: Why? Government has been implementing several schemes for incentivizing the investment made by dairy cooperative sector for development of dairy infrastructure. However, government realizes that even MSMEs and Private […]
Subject: Schemes Context: Government e-Marketplace (GeM) portal has mandated all sellers to clarify the country of origin while registering any new product. Concept: Need: It is related to centre’sAatmanirbhar Bharat campaign, to promote locally produced goods. As per procurement norms amended by the government, suppliers are categorised into classes depending on the level of local […]
Subject: Schemes Context: A study commissioned by the Ministry of Rural Development has observed that Sansad Adarsh gram yojana scheme has not made “any significant impact” and that “in the current format is not achieving the desired purpose”. Concept: Prime Minister has launched the Saansad Adarsh Gram Yojana (SAGY) on 11th October, 2014 on the […]
Subject: Policy/Schemes Context: Latest round of fuel price increase has helped the state owned oil marketing companies (OMCs) to recover a part of ₹35,000 crore investments made in upgrading their refineries to BSVI fuels. Concept: Emissions from vehicles are one of the top contributors to air pollution, which led the government at the time to […]