News:Indian Government has said that the China-Pakistan Economic Corridor (CPEC),a flagship project of the Belt and Road initiative(BRI) is illegal as it impinges the sovereignty and territorial integrity of India. Facts: About CPEC: China-Pakistan Economic Corridor(CPEC) is the flagship project of the multi-billion dollar Belt and Road Initiative (BRI),a pet project of Chinese President. It… Continue reading China-Pakistan Economic Corridor is illegal:India
Author: ForumIAS
International Gandhi Awards for Leprosy
News:The President has conferred the International Gandhi Awards for Leprosy to Dr NS Dharmashaktu in the individual category and the Leprosy Mission Trust under the institutional category. Facts: About the Prize: The International Gandhi Award for Leprosy was constituted by the Gandhi Memorial Leprosy Foundation in 1950. Since then, it has been leading the efforts… Continue reading International Gandhi Awards for Leprosy
RBI releases bi-monthly policy
News:The Reserve Bank of India released its bi-monthly monetary policy committee(MPC) report. Facts: Key Highlights from the report: Repo Rate:It is the rate at which the RBI lends money to the banks for a short term.It remains unchanged at 5.15%. Reverse Repo Rate:It is the short term borrowing rate at which RBI borrows money from… Continue reading RBI releases bi-monthly policy
Navy to get third Scorpene submarine- INS Karanj
News:The third Scorpene submarine, INS Karanj will be delivered to the Indian Navy by December 2020. Facts: About INS Karanj: INS Karanj is a part of Project-75I.It is the third submarine of the first batch of six Kalvari-class submarines for the Indian Navy. The submarine has been designed by French naval defence and energy group… Continue reading Navy to get third Scorpene submarine- INS Karanj
NASA astronaut Christina Koch returns to Earth after record mission
News: NASA astronaut Christina Koch returned to Earth from the International Space Station, where she set the record for the longest single spaceflight in history by a woman (328 Days) Facts: International Space Station It is a space station or a habitable artificial satellite in low Earth orbit. It is a joint project among five… Continue reading NASA astronaut Christina Koch returns to Earth after record mission
District Export Plan (DEP)
News: The Ministry of Commerce and Industry through the Directorate General of Foreign Trade (DGFT) has initiated a process to prepare and implement a District Export Plan (DEP). Facts: District Export Plan Will include the support required by the local industry in boosting their manufacturing and exports Will include strategy to enhance logistics and infrastructure… Continue reading District Export Plan (DEP)
DRDO Signs Technology Development Contract with Rosoboronexport Russia
News: High Energy Materials Research Laboratory (HEMRL) signed a a contract with Rosoboronexport for the development of Advanced Pyrotechnic Ignition Systems. Facts: High Energy Materials Research Laboratory (HEMRL) It is a lab involved in basic and applied research in the area of high energy materials required for missiles, rockets and guns. Objectives: Develop expertise and… Continue reading DRDO Signs Technology Development Contract with Rosoboronexport Russia
7 projects worth Rs. 594 Crores sanctioned for J&K and Ladakh under Swadesh Darshan and PRASHAD Schemes
News: The Ministry of Tourism, under its schemes of Swadesh Darshan and PRASHAD, has sanctioned 7 projects worth Rs. 594 Crores for J&K and Ladakh Facts: Swadesh Darshan Scheme Launch: 2014-2015 Nodal Ministry: Ministry of Tourism Aim: Integrated development of theme-based tourist circuits Objectives: position tourism as a major engine of economic growth and job… Continue reading 7 projects worth Rs. 594 Crores sanctioned for J&K and Ladakh under Swadesh Darshan and PRASHAD Schemes
Finance Minister introduces Direct Tax Vivad Se Vishwas Bill in Lok Sabha
News: Finance Minister introduced Direct Tax Vivad Se Vishwas Bill, 2020, in the Lok Sabha Facts: Direct Tax Vivad Se Vishwas Bill, 2020 Aim: Settle pending cases on direct taxes involving Rs 9.32 lakh crore Features: Two main components: o Dispute resolution: Reducing tax litigations pending at various forums. o Amnesty Component: taxpayers… Continue reading Finance Minister introduces Direct Tax Vivad Se Vishwas Bill in Lok Sabha
Cabinet approves to give the status of Institution of National Importance to 5 IIITs
News: The Union Cabinet has approved the introduction of the Indian Institutes of Information Technology Laws (Amendment) Bill, 2020 Facts: Indian Institutes of Information Technology Laws (Amendment) Bill, 2020 It amends the Indian Institutes of Information Technology Act of 2014 and Indian Institutes of Information Technology (Public-Private Partnership) Act, 2017 Features: Grants statutory status to… Continue reading Cabinet approves to give the status of Institution of National Importance to 5 IIITs
