Author: ForumIAS

Plea against DigiLocker rules

News:The Delhi High Court has asked the Government to give its stand on a petition against the rules pertaining to the operation of DigiLocker. Facts: About the Petition: The petitioner has asked the apex court to strike down the Information Technology (Preservation and Retention of Information by Intermediaries Providing Digital Locker Facilities) Rules 2016 because… Continue reading Plea against DigiLocker rules

GDP growth rate for 2019-20 estimated at 5%, says NSO

News:The National Statistical Office (NSO) has released the First Advance Estimates for the financial year 2019-20. Facts: Key takeaways from the estimates: The Indian economy is estimated to grow at 5% in 2019-20 as against 6.8% in the previous fiscal. This projected growth rate of gross domestic product(GDP) is the lowest in the last 11… Continue reading GDP growth rate for 2019-20 estimated at 5%, says NSO

Stressed urban cooperative banks to face PCA-like curbs

News:The Reserve Bank of India has revised its supervisory framework for urban co-operative banks(UCBs) to expedite resolution of UCBs experiencing financial stress. Facts: About the revised framework: The framework imposes restrictions on urban cooperative banks(UCBs) for deterioration of financial position in line with the prompt corrective action(PCA) framework that is imposed on commercial banks. The… Continue reading Stressed urban cooperative banks to face PCA-like curbs

‘Mindset to blame for poor response to NPS’

News:According to the Pension Fund Regulatory and Development Authority (PFRDA),National Pension System (NPS) is a less-preferred saving option due to a certain mindset of individuals and corporates. Facts: The PFRDA has said that there are around 7,000 corporates companies registered with PFRDA.However, only 2-4% of employees of these registered companies are covered under NPS. Further,the… Continue reading ‘Mindset to blame for poor response to NPS’

INS Sumedha provides assistance to stranded vessel near Somali Coast

News:INS Sumedha which is presently on Anti Piracy Patrol in Gulf of Aden, came to the rescue of the stranded vessel near Somali Coast. Facts: About INS Sumedha: INS Sumedha was commissioned into the Indian Navy in 2014.The ship has been designed and built by Goa Shipyard Limited. Sumedha is the third ship of the… Continue reading INS Sumedha provides assistance to stranded vessel near Somali Coast

2nd National GST Conference held for streamlining GST system

News:The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held under the chairmanship of Revenue Secretary,Ministry of Finance. Facts: About the conference: The conference was aimed to build synergy and to share their knowledge and best practices with the intent to bring about uniformity in tax… Continue reading 2nd National GST Conference held for streamlining GST system

7 PM |Amidst a tragedy, an opportunity: On India – Australia Relationship| 8th January 2020

Context: India – Australia relations. More in news: Record-breaking temperatures and months of severe drought have fuelled a series of massive bushfires across Australia. As a consequence of the bushfires, the debate on global warming, climate change and fossil fuels is going to intensify, the two economies should focus towards cleaner energy. Australia’s Bushfire: Although… Continue reading 7 PM |Amidst a tragedy, an opportunity: On India – Australia Relationship| 8th January 2020

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