Heeng cultivation starts in India for first time

News: Heeng(Ferula assa-foetida) cultivation has started for the first time in India in Lahaul and Spiti in Himachal Pradesh.   Facts: Heeng(asafoetida): It is a herbaceous plant of the umbelliferae family.It is a perennial plant which produces oleo-gum resin from the roots after five years of plantation. Climate: It can be grown in unutilized sloppy… Continue reading Heeng cultivation starts in India for first time

Centre gives in, says will borrow to make up for states’ GST shortfall

News: The Central government has decided to borrow up to Rs 1.1 lakh crore on behalf of the states to meet the shortfall of Goods and Services Tax(GST) compensation. Facts: Borrowing Mechanism: Under the Special Window, the estimated shortfall of Rs 1.1 lakh crore will be borrowed by Centre in appropriate tranches.The amount so borrowed… Continue reading Centre gives in, says will borrow to make up for states’ GST shortfall

IIT-M develops indigenous microprocessor

News: Indian Institute of Technology, Madras have developed a microprocessor named ‘Moushik’   Facts: Moushik: It is an indigenous microprocessor-cum-system on a chip that can cater to the rapidly-growing Internet of Things(IoT) devices. The project was funded by the Ministry of Electronics and Information Technology.   Additional Facts: Microprocessor: It is an integrated circuit(IC) that… Continue reading IIT-M develops indigenous microprocessor

76% of rural Indians can’t afford a nutritious diet: study

News: A paper has been published titled “Affordability of nutritious diets in rural India”It is a study authored by International Food Policy Research Institute economist Kalyani Raghunathan and others.   Facts: Source of study : The study uses the latest available food price and wage information dataset from the 2011 National Sample Survey. Methodology used:… Continue reading 76% of rural Indians can’t afford a nutritious diet: study

IFSCA introduces framework for ‘Regulatory Sandbox’

News: International Financial Services Centres Authority(IFSCA) has introduced a Framework for Regulatory Sandbox to tap into innovative FinTech solutions.   Facts: What is a Regulatory Sandbox? It is an infrastructure that helps financial technology (FinTech) players live test their products or solutions before getting the necessary regulatory approvals for a mass launch. IFSCA Regulatory Sandbox:… Continue reading IFSCA introduces framework for ‘Regulatory Sandbox’

[Downloads] Prelims Marathon Compilation – October, 2020 – 1st week

Hello everyone, We are posting compilation of Prelims Marathon for the month of October, 2020 – First week. Click on the following link to download Prelims Compilation for the month of October, 2020 – First week About Prelims Marathon Daily Prelims Marathon is focussed on UPSC Prelims 2020. Under this initiative, we post, daily 10… Continue reading [Downloads] Prelims Marathon Compilation – October, 2020 – 1st week

Alma-Ata Declaration, Hague Convention, Talanoa dialogue, Under2 Coalition

Option 1 is correctly matched. The Alma-Ata Declaration of 1978 is as a major milestone in the field of public health, and it identified primary health care as the key to the attainment of the goal of Health for All.  Option 2 is incorrectly matched. The Hague Convention on the Protection of Children and Co-operation in Respect of Intercountry… Continue reading Alma-Ata Declaration, Hague Convention, Talanoa dialogue, Under2 Coalition

Constitutional government

A constitutional government is the one that is defined by the constitution of the country. A constitution can merely be a set of fixed norms or principles or a legal instrument accepted in the country as a framework for the polity of the country. Constitution of a country is supreme law of the land, it is… Continue reading Constitutional government

Macro-economic Framework Statement

The Fiscal Responsibility and Budget Management Act, 2003 mandates that Central Government shall lay in each financial year before both Houses of Parliament the following statements of the fiscal policy along with the annual financial statement and demands for grants except the Medium-term Expenditure Framework Statement, namely:— (a) the Medium-term Fiscal Policy Statement; (b) the Fiscal… Continue reading Macro-economic Framework Statement

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