Government had formed a High Level Committee on Corporate social responsibility(CSR) under the Chairmanship of Corporate Affairs Secretary Injeti Srinivas. The committee was formed to review the existing CSR framework and make recommendations on strengthening the CSR ecosystem including monitoring implementation and evaluation of outcomes. The committee has recommended that CSR expenditure should be eligible… Continue reading CSR expenditure may be made tax deductible, says committee
Author: ForumIAS
Army launches ‘Mission Reach Out’ in Jammu
The Indian Army has launched “Mission Reach Out” in Jammu. The mission aims to ensure basic necessities and essential services are available in the region post the abrogation of the provisions of Article 370 and reorganisation of Jammu and Kashmir. The numerous initiatives undertaken by the Army under ‘Mission Reach Out’ are (a)mobile medical care… Continue reading Army launches ‘Mission Reach Out’ in Jammu
RBI proposes easing of rules for sandbox model
The Reserve Bank of India(RBI) has issued the final framework for regulatory sandbox in order to enable innovations in the financial technology space. Regulatory sandbox(RS) 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 which saves start-up time and… Continue reading RBI proposes easing of rules for sandbox model
Iran unveils ‘improved’ radar air defence system
Iran has unveiled an improved radar air defence missile system called Falaq. The Falaq is said to be an upgraded version of the current Gamma system which military experts said was of Russian origin. The missile can detect enemy missiles and drones from more than 400 kms away.The system also has high capabilities and can… Continue reading Iran unveils ‘improved’ radar air defence system
CBI should have statutory status like CAG: Ranjan Gogoi
Chief Justice of India(CJI) has suggested a comprehensive legislation to give Central Bureau of Investigation(CBI) a statutory status equivalent to the Comptroller and Auditor General (CAG). He has listed various key concerns with the CBI such as (a)legal ambiguity (b)weak human resource (c)lack of adequate investment (d)accountability and (e)political and administrative interference. He has also… Continue reading CBI should have statutory status like CAG: Ranjan Gogoi
BCCI under NADA fold, compliance was inevitable
The Board of Control for Cricket in India(BCCI) has agreed to come under the ambit of the National Anti-Doping Agency(NADA). This means all cricketers without exception will now be tested for banned and performance enhancing drugs by NADA like any other Indian athlete. The BCCI is registered as a society under the Tamil Nadu Societies… Continue reading BCCI under NADA fold, compliance was inevitable
Jammu and Kashmir delimitation process kicks off
Election Commission(EC) has held internal discussions on the delimitation of constituencies ahead of elections to the new Union Territory of Jammu and Kashmir. Delimitation means the act or process of fixing limits or boundaries of Lok Sabha and state Assembly seats.Population is the basis of redrawing of boundaries and allocation of seats. This task of… Continue reading Jammu and Kashmir delimitation process kicks off
NPPA allows firms to hike prices of knee implants by up to 10 per cent
National Pharmaceutical Pricing Authority(NPPA) has decided to allow knee implant companies to increase the maximum retail price(MRP) of their products by not more than 10% in 2019. Knee implants are devices used to replace parts of damaged knee joints in patients. This development comes two years after the NPPA had first slashed MRPs of knee… Continue reading NPPA allows firms to hike prices of knee implants by up to 10 per cent
RBI takes over HFC regulation from NHB
The Reserve Bank of India(RBI) has approved a proposal to shift regulation of Housing finance companies(HFCs) from the National Housing Bank(NHB) to the RBI. Hence,HFCs will now be treated as one of the categories of non-banking financial companies(NBFCs) for regulatory purposes. Further,any housing finance institution which is a company desirous of making an application for… Continue reading RBI takes over HFC regulation from NHB
IIT Madras registers initial success with iron ion battery
Researchers at Indian Institute of Technology(IIT) Madras have for the first time fabricated a rechargeable iron ion battery using mild steel as the anode. Currently,lithium-ion batteries are widely in use.However,the lithium reserves are limited when compared to iron reserves and hence the invention assume significance. Further,this invention comes at a time when the world is… Continue reading IIT Madras registers initial success with iron ion battery
