The Reserve Bank of India(RBI) had set up an eight member committee on offshore rupee market.The committee was headed by Usha Thorat.It has submitted its report to the RBI Governor. The committee was set up to examine offshore rupee markets in depth and recommend appropriate policy measures that also factor in the requirement of ensuring… Continue reading RBI task force against Indian banks dealing in offshore NDF rupee market
Author: ForumIAS
Rajya Sabha gives its nod for Eviction Bill
Rajya Sabha has passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill,2019. The Bill amends the Public Premises (Eviction of Unauthorised Occupants) Act,1971.The Act provides for the eviction of unauthorised occupants from public premises in certain cases. The Bill defines residential accommodation as the occupation of public premises by a person on the grant… Continue reading Rajya Sabha gives its nod for Eviction Bill
India emerges second largest scrap importer
India has emerged as the world’s second largest scrap importer.Turkey is still the world’s largest recycler and scrap importer of the world. According to the data,the scrap imports have increased by 35% in the first half of this year to 3.87 million tonnes. The imports have increased due to slowdown in the domestic steel industry… Continue reading India emerges second largest scrap importer
RBI to set up central registry for tracking frauds in payment systems
The Reserve Bank of India has announced the creation of a central payments fraud information registry.The registry would ensure a quick and systemic response in cases of financial frauds. At present,there is a mechanism in place for banks to report all banking frauds to the Central Fraud Monitoring Cell of the Reserve Bank. RBI has… Continue reading RBI to set up central registry for tracking frauds in payment systems
CBDT eases plight of start-ups with pending angel tax cases
The Central Board of Direct Taxes(CBDT) has issued a circular on angel taxes on start ups. The circular has instructed income tax officers that registered start up companies that have already been selected for verification under the angel tax provision will not be scrutinised. Further,even unregistered companies have been given relief with the assessing officer… Continue reading CBDT eases plight of start-ups with pending angel tax cases
PM Modi to people of J&K, Ladakh: Your representatives will be elected by you, among you
Indian Prime Minister has addressed the nation for the first time since the Parliament has approved the Constitution (Application to Jammu and Kashmir) Order, 2019.The order effectively abrogates the special status accorded to Jammu and Kashmir under the provision of Article 370. The Parliament has also passed the Jammu and Kashmir (Reorganisation) Bill,2019.The bill bifurcates… Continue reading PM Modi to people of J&K, Ladakh: Your representatives will be elected by you, among you
Pakistan halts Samjhauta Express at Wagah,Indian crew brings it in
Pakistan has taken more retaliatory actions in response to India’s decision to revoke Jammu and Kashmir’s special status under Article 370. Pakistan has stopped the Samjhauta Express on their side at Wagah border citing security concerns.It has also decided to downgrade it diplomatic ties with India and has suspended bilateral trade. Pakistan has also decided… Continue reading Pakistan halts Samjhauta Express at Wagah,Indian crew brings it in
IIT Guwahati develops hand-held device to detect bacteria without going to lab
Researchers at Indian Institute of Technology,Guwahati have developed a low-cost,hand-held device to detect bacteria called as Organic Field Effect Transistor(OFET). The device has the ability to detect bacteria rapidly without the need for cell culture and microbiological assays. The OFET is an electronic device that works on the principle which charges in the vicinity of… Continue reading IIT Guwahati develops hand-held device to detect bacteria without going to lab
Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 8, 2019
Q.1) “Increasing the number of courts as a recourse to deal with the mounting backlog is a short term solution which cannot remove systemic issues in Judiciary”. Comment. Answers Q.2) “Rising pressure on cities and rising air pollution demand sustainable transport facilities in urban areas.” Discuss. Answers Q.3) What is India’s deep ocean mission. How… Continue reading Answers: Mains Marathon – UPSC Mains Current Affairs Questions – August 8, 2019
Must Read News Articles-August 9th 2019
Archives GS-2 A leaf out of the Chinese playbook India’s actions in Kashmir increasingly show an authoritarian muscularity, reminiscent of its northern neighbour Does the Medical Commission Bill encourage quackery? Training practitioners to head health centres is worth trying, but with strong regulations Knee-jerk: On Pakistan expelling Indian envoy Pakistan must reconsider its decision to… Continue reading Must Read News Articles-August 9th 2019
