The Reserve Bank of India (RBI) has decided to determine the criteria of Indiabulls Group founder whose name had appeared in the Panama Papers before approving the proposal to merge the group’s housing finance arm with Lakshmi Vilas Bank (LVB). Panama papers is a huge leak of documents that exposed how the rich and powerful… Continue reading RBI to assess if Indiabulls is ‘fit and proper’
Author: ForumIAS
No input tax credit if GST returns not filed, says HC
The Telangana high court has ruled that no input tax credit will be available unless GST(Goods and Services Tax) returns are filed.The court has also said that the taxpayer is liable to pay a penalty on the total liability. The ruling came after a company had delayed filing the GST returns.The tax authorities demanded 18%… Continue reading No input tax credit if GST returns not filed, says HC
Staff entitled to information on defunct company, says CIC
Central Information Commission(CIC) has delivered a ruling in favour of the employees of Cambata aviation company.This ruling may empower the Jet Airways employees who are protesting against the airlines for their delayed salaries. In August 2016,India’s first private ground-handling company Cambata Aviation had stopped operations leaving behind employees with pending salaries and unpaid benefits.Later,allegations of… Continue reading Staff entitled to information on defunct company, says CIC
New synthetic peptide may help treat Alzheimer’s
Researchers at the University of Washington, USA have developed synthetic peptides that could target and reduce toxic protein aggregates, which are supposed to cause Alzheimer’s disease. Alzheimer’s disease is a chronic neurodegenerative disease. It is a type of dementia that causes problems with memory, thinking and behaviour. It is caused by the aggregation of the… Continue reading New synthetic peptide may help treat Alzheimer’s
CJI violated procedure by hearing own case, say Supreme Court lawyers
The Supreme Court Bar Association(SCBA) has called for a committee to be setup consists of Supreme Court judges to investigate and inquire into allegations of sexual harassment against Chief Justice of India by a former staffer at his office. They have also criticised the way the Chief Justice of India conducted judicial proceedings in the… Continue reading CJI violated procedure by hearing own case, say Supreme Court lawyers
IMA threatens agitation over bridge course proposal
Niti Aayog has proposed a Bridge Course between BDS and MBBS in an attempt to address the acute shortfall of doctors in the country.The successful completion of the course would allow dentists to practice primary health care. The NITI Aayog proposal is based on the fact that the dental courses in the country follow the… Continue reading IMA threatens agitation over bridge course proposal
U.S. ends waiver for India on Iran oil
United States has announced that all buyers of Iranian oil will have to end their imports by May 2,2019 or face sanctions.The US has announced this to put maximum economic pressure on Iran and through sanctions it eventually aims to halt Iranian oil exports and thereby choke its main source of revenue. Earlier,the US had… Continue reading U.S. ends waiver for India on Iran oil
50% local sourcing likely for companies to book EV ride under FAME-II
An inter-ministerial steering committee led by Niti Aayog chief executive officer has decided that only companies that meet the 50% localisation threshold will be eligible for the incentives that will be available under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme. FAME is part of the government’s two-pronged strategy to place… Continue reading 50% local sourcing likely for companies to book EV ride under FAME-II
Top Navy commanders to review security preparedness in maritime domain
The first edition of Naval Commanders Conference of 2019 is scheduled to be held at New Delhi from 23 to 25 April 2019.The Conference assumes greater significance in the backdrop of Pulwama associated events. The conference is the apex forum within the Service for institutionalised interaction between the Naval Commanders themselves and between Naval Commanders… Continue reading Top Navy commanders to review security preparedness in maritime domain
[Previous Year’s Question Paper]- Prelims 2018 GS Paper-1
All the answers on this page have been updated with the official answer key of UPSC In the first Lok Sabha, the single largest party in the opposition was the Swatantra Party. In the Lok Sabha, a “Leader of the Opposition” was recognised for the first time in 1969. In the Lok Sabha, if a… Continue reading [Previous Year’s Question Paper]- Prelims 2018 GS Paper-1
