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Miscellaneous India: Third largest producer of electricity According to International Energy Agency, India is the third largest producer of electricity in the world. However, it ranks 106th in terms of per capital consumption of electricity. This is because though India has surplus power, the country lacks adequate infrastructure to supply Read more…
Economy Forex Swap and LTRO suggested by RBI governor Forex Swap and LTRO have been suggested to increase liquidity in India Forex Swap: RBI will lend companies US dollars, in return of equivalent rupees from them, during a six-month dollar buy-sell dollar swap window. The companies will return the borrowed Read more…
Economy Ambiguities to be removed in Modified New Pricing Scheme-III The Modified NPS scheme-III was launched in 2014 to boost Make in India campaign. The Modified NPS aimed to achieve self-sufficiency in urea production. The Scheme included incentives to the domestic urea manufacturers, encouragement of investment in urea production sector Read more…
Art and Culture Odisha’s Chaitra Jatra Festival cancelled due to COVID19 The Chaitra Jatra festival is celebrated on tuesdays of Chaitra month. The festival is celebrated at Tara Tarini hill shrine. The shrine is located in the Tara Tarini hill on the banks of Rushikulya river. Quick Facts: The Rushikulya Read more…
India and the World India proposes COVID-19 Emergency Funds at SAARC On March 15, 2020, SAARC leaders participated in a video conference to frame a strategy in order to fight Corona Virus. India proposed creation of a COVID-19 Emergency Fund India will also set up a disease surveillance portal in Read more…
Government Schemes Parliament passes Direct Tax Vivad Se Viswas Bill, 2020 The bill aims to reduce the number of litigations that are associated with direct tax payments. Under the bill, if tax payment is made after March 31, 2020, the tax payer has to pay 110% of the disputed tax. Read more…
Science and Tech India develops cost effective Solar Receiver Tube Technology ARCI-International Advanced Research Centre for Powder Metallurgy and New Materials operating under DST (Department of Science and Technology) has developed the technology The solar receiver tubes absorb solar energy and convert the heat to required application. They are better Read more…
Economy Insolvency and Bankruptcy Code (amendment) bill passed by the Parliament The amendment aims to protect the successful bidders of insolvent companies from risk of criminal proceedings. The criminal proceedings may be expected from previous promoters of the company. The amendments were earlier introduced as ordinances Quick Facts: Article 123 Read more…
Miscellaneous PM Modi to lead International Yoga Day 2020 in Leh The main national event for the International Day of Yoga will be held at Leh International day of yoga is held on 21st May every year Such a large congregation, of 15-20 thousand people, for Yoga will be taking Read more…
Defence & Security CISF Raising Day celebrated Every year, the Central Industrial Security Force Raising Day is celebrated on March 10 The CISF works under Ministry of Home Affairs. It was established in 1969 under the CISF Act, 1968 The CISF officials guard industrial units and infrastructure projects all over Read more…