Union Minister for Home Affairs has chaired the 24th meeting of the Western Zonal Council at Panaji,Goa. The Zonal Councils are statutory bodies.They were established under the States Reorganization Act,1956. The act divided the country into five zonal councils namely Northern, Central, Eastern, Western and Southern councils. The objective of setting up Zonal Councils are… Continue reading 24th Meeting of Western Zonal Council
Author: ForumIAS
Russia launches floating nuclear reactor in Arctic
Russia has successfully launched the world’s first floating nuclear reactor called Akademik Lomonosov in the Arctic region. Akademik Lomonosov is a non-self-propelled powership.The reactor will be the northernmost nuclear plant in the world. The reactor is suited for powering remote areas and island states that require stable, green sources of energy.It will also power the… Continue reading Russia launches floating nuclear reactor in Arctic
Development financial institution to fund infrastructure
Government has proposed to set up a development financial institution (DFI). DFI is expected to solve the infrastructure financing needs of the country as banks do not have the long-term funds to finance such projects.DFI’s will also help in reviving the economic growth of the country. Development financial institution(DFI) are specialized institutions set up primarily… Continue reading Development financial institution to fund infrastructure
Explained: What is Adratiklit boulahfa?
Scientists from London Natural History Museum(NHM) have described a species named Adratiklit boulahfa as a stegosaurus,a type of dinosaur. They dated the species back to 168 million years ago which makes it the oldest known member of that group of dinosaurs ever known. The species is also the first stegosaurus to be found in North… Continue reading Explained: What is Adratiklit boulahfa?
Sitharaman gives MSME sector a breather
Finance minister has announced several measures to provide some relief to Micro,Small and Medium Enterprises(MSMEs) sector. Finance Minister has announced that all pending Goods and Services tax(GST) dues for the MSME sector shall be cleared within 30 days.In the future,all such dues would be cleared within 60 days of application. Further,the banks will issue improved… Continue reading Sitharaman gives MSME sector a breather
Escape from angel tax delights start-ups
Finance minister has announced that angel tax will not be applicable on startups that are registered with the Department for Promotion of Industry and Internal Trade(DPIIT). The move is likely to give a long-demanded angel tax relief to start-ups and exempt them from scrutiny. The government has also decided to set up a dedicated cell… Continue reading Escape from angel tax delights start-ups
Terror funding watchdog FATF Asia-Pacific Group ‘blacklists’ Pakistan
Asia Pacific group(APG) has placed Pakistan on its Blacklist for its failure in meeting the required global standards and combating terrorism and money laundering. Pakistan was non-compliant in 32 of the 40 Compliance Parameters on Money Laundering & Terror Financing and was low in 10 of the 11 Effectiveness Parameters. In June 2018,Financial Action Task… Continue reading Terror funding watchdog FATF Asia-Pacific Group ‘blacklists’ Pakistan
SEBI announces reward of Rs 1 crore to insider trading informants
Securities and Exchange Board of India(SEBI) has approved a detailed set of rules for the new ‘Informant Mechanism’ under its Prohibition of Insider Trading Regulations. However,these rules would only be available to individuals and corporates.But professionals like auditors will not be able to use this route as they are duty-bound to report any wrongdoing. Insider… Continue reading SEBI announces reward of Rs 1 crore to insider trading informants
Daily Quiz #20 UPSC Prelims Marathon – August 24, 2019
[WpProQuiz 1068]
Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 23, 2019
Q.1) “Auto-industries in India are facing negative growth from a long time” Discuss various reasons for it and give some solutions. Answers Q.2) “Linking Aadhaar to social media is an infringement on privacy of individual and can be damaging to democracy.” Comment. Answers Q.3) Critically analyse various provisions of Unlawful Activities (Prevention) Amendment Act, 2019.… Continue reading Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 23, 2019
