The Reserve Bank of India has released the Financial Stability Report. The report assessed that India’s financial system remains stable in the backdrop of improving resilience of the banking sector.However,the emerging trends in the global economy and geopolitical environment pose challenges. The report has said that the Gross non-performing assets in the banking system have… Continue reading NPAs down, credit growth picking up: RBI
Author: ForumIAS
CAT stays dismissal of two tax officials; govt transfers judicial member of tribunal
The Central Administrative Tribunal(CAT) has stayed the sacking of two of the 15 senior tax officials who were compulsorily retired over charges of corruption and inefficiency. Recently,the Central Government had compulsorily retired 15 senior customs and central excise officials. The orders issued by the Finance Ministry had invoked rule 56(j) of the Fundamental Rules.Rule 56… Continue reading CAT stays dismissal of two tax officials; govt transfers judicial member of tribunal
SEBI tightens norms for mutual fund investments
The Securities and Exchange Board of India(Sebi) has introduced more checks and balances for mutual funds(MFs) to secure investors and stem systemic risks. SEBI has said that mutual fund schemes can now invest only in listed debt or equity.The valuation of securities in debt funds will now be on mark-to-market basis instead of the earlier… Continue reading SEBI tightens norms for mutual fund investments
Environment ministry okays two-year construction order for Polavaram project
The Union Environment Ministry has extended the construction period for the Polavaram Multipurpose Project in Andhra Pradesh by two years. The Polavaram project is a major multi-purpose irrigation project being constructed on the Godavari River and spread across three states – Andhra Pradesh,Odisha and Chhattisgarh. A dam is currently under construction in West Godavari and… Continue reading Environment ministry okays two-year construction order for Polavaram project
Bombay High Court upholds reservation for Maratha community
The Bombay High Court has upheld the Maharashtra government’s decision to provide reservation to the Maratha community under the Socially and Educationally Backward Classes (SEBC) Act,2018. But the court reduced the 16% quota granted to the community to 12% in education and 13% in jobs as recommended by the State Backward Classes Commission(SBCC). The court… Continue reading Bombay High Court upholds reservation for Maratha community
Donald Trump demands withdrawal of India’s ‘unacceptable’ tariff hike
The US President has demanded that India should withdraw the retaliatory tariffs calling the duties unacceptable. India had imposed long pending retaliatory tariffs on 29 US products after US had withdrawn Generalized system of preferences (GSP) for Indian exporters. This action came a year after the notification for the retaliatory tariffs was issued in 2018… Continue reading Donald Trump demands withdrawal of India’s ‘unacceptable’ tariff hike
Must Read News Articles-June 28th 2019
Archives GS-1Bombay High Court upholds reservation for MarathasThe High Court has upheld the reservation for the Marathas, but has said it should be 12%-13% and not 16% as approved by state legislature National mission on natural language translation soon The Ministry of Electronics and IT will soon place before the Union Cabinet a Rs. 450… Continue reading Must Read News Articles-June 28th 2019
9 PM Current Affairs Brief – June 27, 2019
Download the compilation of all summaries of all the news Articles here Surjit Bhalla Committee on Trade and Policy Union Minister of Finance & Corporate Affairs has informed Rajya Sabha about the Surjit Bhalla Committee on Trade and Policy. The Union commerce ministry had constituted a high-level advisory group on Foreign trade policy. The group… Continue reading 9 PM Current Affairs Brief – June 27, 2019
Surjit Bhalla Committee on Trade and Policy
Union Minister of Finance & Corporate Affairs has informed Rajya Sabha about the Surjit Bhalla Committee on Trade and Policy. The Union commerce ministry had constituted a high-level advisory group on Foreign trade policy.The group has submitted its report to the government. The panel has recommended the centre to cut down corporate tax rate and… Continue reading Surjit Bhalla Committee on Trade and Policy
Consider landless beekeepers as farmers, suggests beekeeping development committee
The Economic Advisory Council to the Prime Minister had set up a Beekeeping Development Committee under the Chairmanship of Professor Bibek Debroy. The committee was constituted with the objective of identifying ways of advancing beekeeping in India that can help in improving agricultural productivity,enhancing employment generation,augmenting nutritional security and sustaining biodiversity. The committee has recommended… Continue reading Consider landless beekeepers as farmers, suggests beekeeping development committee
