Author: ForumIAS

ED slaps ₹14.40 lakh penalty, confiscates ₹6.8 lakh in FEMA case against Geelani Enforcement Directorate(ED) has fined Hurriyat Conference leader Syed Ali Geelani and booked him under the Foreign Exchange Management Act (FEMA). He has been booked for illegal possession of foreign exchange under FEMA act,1999. The Foreign Exchange Management Act,1999 (FEMA) is an Act… Continue reading ED slaps ₹14.40 lakh penalty, confiscates ₹6.8 lakh in FEMA case against Geelani

European Union offers UK more time to leave the bloc The European Union has agreed to grant Britain a short Brexit delay.It removes the immediate threat of the United Kingdom leaving the EU without a deal by March 29,2019. EU has told UK Prime Minister that if she gets her Brexit deal passed through the… Continue reading European Union offers UK more time to leave the bloc

Indian Statistical Institute submits report on VVPAT to Election Commission The Indian Statistical Institute (ISI) has submitted its report to the Election Commission on the number of Voter Verifiable Paper Audit Trail (VVPAT) machine slips that should be matched with Electronic Voting Machine(EVM) results to enhance voters confidence. At present, VVPAT slips in one randomly… Continue reading Indian Statistical Institute submits report on VVPAT to Election Commission

Govt. earns ₹85,000 crore from disinvestment, overshoots target Government has achieved disinvestment of Rs 85,000 crore in the current fiscal, which is Rs 5,000 crore more than the set target for 2018-19. The next financial year’s disinvestment target has been set at Rs 90,000 crore. Disinvestment is defined as the action of an organisation (or… Continue reading Govt. earns ₹85,000 crore from disinvestment, overshoots target

Fitch cuts India GDP growth forecast for FY20 to 6.8% Global rating agency Fitch has cut its India’s Gross domestic product(GDP) growth forecast to 6.8% for 2019-20 from the earlier estimate of 7%.It was cut due to weak momentum in manufacturing and agriculture. However, it said India’s economic growth is expected to be 7.1% in… Continue reading Fitch cuts India GDP growth forecast for FY20 to 6.8%

UN rights body grants Sri Lanka two more years to set up war crimes probe The United Nations Human Rights Council (UNHRC)has passed by consensus a resolution to grant Sri Lanka another two years to set up a credible war crimes investigation into the civil war. Further, Tamil national Alliance has demanded the government of… Continue reading UN rights body grants Sri Lanka two more years to set up war crimes probe