News:The Finance minister has announced the Vivad Se Vishwas scheme in Budget 2020-21 that would help in reducing litigation. Facts: About Vivaad se Vishwas Scheme: Vivaad se Vishwaas is an amnesty scheme aims at reducing tax litigations pending at various forums. Under the proposed scheme, a taxpayer would be required to pay only the amount… Continue reading Budget 2020:Taxation and Governance
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Budget 2020:National Mission on Quantum Technologies & Application
News:In Budget 2020,the Finance Minister has announced a National Mission on Quantum Technologies & Applications(NM-QTA). Facts: About the Quantum Technology: Quantum Technology is based on the principles of quantum theory, which explains the nature of energy and matter on the atomic and subatomic level. Quantum principles can be used for engineering solutions to extremely complex… Continue reading Budget 2020:National Mission on Quantum Technologies & Application
Daily Quiz #78 UPSC Prelims Marathon – February 3, 2020
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10 PM Current Affairs Quiz #78 February 3, 2020
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Must Read News Articles I 3rd February 2020
GS -1 An unequal future Oxfam has released its Annual Inequality Report. As per the report the richest 1% in the world have more than double the wealth of 6.9 billion people combined. In India, 9 billionaire own as much wealth as the bottom 50% of the country’s population. The editorial highlights that growing wealth… Continue reading Must Read News Articles I 3rd February 2020
[Questions] Mains Marathon I Daily Answer Writing I 3rd February, 2020
1. Despite several measures to reduce vulnerability of climate-induced disasters, the farm sector and farmers continue to suffer losses. Discuss various reasons for this. Suggest some measures to improve farmer’s conditions. The Hindu 2. Economic survey 2019 pitches for wealth creation as a means of prosperity and welfare for all. Critically comment. Indian Express 3. Brexit… Continue reading [Questions] Mains Marathon I Daily Answer Writing I 3rd February, 2020
9 PM Current Affairs Brief – February 2nd, 2020
Union Budget 2020-21 News:TheGeneral Budget 2020-21 has been presented by the Union Finance Minister in the Lok Sabha. Facts: About Budget: The word Budget has not been used in the Constitution of India.Rather Article 112 of the Constitution of India mentions the term “Annual Financial statement”. The budget is a statement of the estimated receipts… Continue reading 9 PM Current Affairs Brief – February 2nd, 2020
Union Budget 2020-21
News:The General Budget 2020-21 has been presented by the Union Finance Minister in the Lok Sabha. Facts: About Budget: The word Budget has not been used in the Constitution of India.Rather Article 112 of the Constitution of India mentions the term “Annual Financial statement”. The budget is a statement of the estimated receipts and expenditure… Continue reading Union Budget 2020-21
Budget 2020:Macro-economic Framework Statement (MFS) 2020-21
News:In Budget 2020-21,Government of India has presented the Macro-economic Framework Statement(MFS) 2020-21. Facts: Key Highlights of the statement: The Macroeconomic Framework Statement(MFS) 2020-21 describes the return path of fiscal consolidation without compromising the needs of investment out of public funds. Fiscal Deficit:The government’s fiscal deficit for 2019-20 will be 3.8% of the gross domestic product(GDP)… Continue reading Budget 2020:Macro-economic Framework Statement (MFS) 2020-21
National Technical Textiles Mission Proposed in Union Budget
News:Union Minister for Finance & Corporate Affairs has announced a proposal to set up a National Technical Textiles Mission. Facts: About National Technical Textiles Mission: The National Technical Textiles Mission will be implemented for a period of four-years from 2020-21 to 2023-24 at an estimated outlay of ₹1,480 crore. About Technical Textiles: Technical textiles are… Continue reading National Technical Textiles Mission Proposed in Union Budget
