Author: ForumIAS

7 PM | Banning of Unregulated Deposit Scheme | 25 February, 2019

Read In-depth analysis of all the Editorials here Context President Ram Nath Kovind promulgated the Banning of Unregulated Deposit Schemes Ordinance, which bars all deposit schemes in the country that are not officially registered with the government from either seeking or accepting deposits from customers. Background Budget speech 2016-17: The Finance Minister had announced that a… Continue reading 7 PM | Banning of Unregulated Deposit Scheme | 25 February, 2019

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Afghanistan sends first export consignment to India from Chabahar port

Afghanistan has began exports to India through the Chabahar Port. In 2016, India, Iran and Afghanistan inked a pact which included establishment of Transit and Transport Corridor among the three countries using Chabahar Port as one of the regional hubs for sea transportation in Iran, besides multi-modal transport of goods and passengers across the three… Continue reading Afghanistan sends first export consignment to India from Chabahar port

EVM is ‘information’ under Right to Information Act, rule Central Information Commission

Central Information Commission(CIC),the highest appellate body for the RTI applicants has ruled that an  Electronic Voting Machine(EVM) is an “information” under the Right to Information Act and can be demanded by an applicant from the Election Commission of India.It said that EVM which is available with the Election Commission is in a material form and… Continue reading EVM is ‘information’ under Right to Information Act, rule Central Information Commission

N. Korea asks Trump to ignore critics

US President and North Korean leader are going to meet for a second summit in Vietnam. The first summit was held at Singapore where they had pledged to work towards the complete denuclearisation of the Korean peninsula. The US administration is persuading North Korea to give up its nuclear weapons programme, which, combined with its… Continue reading N. Korea asks Trump to ignore critics

NPS: minimum assured return scheme on the cards

Pension fund regulatory and Development Authority(PFRDA) is planning on a minimum assured return scheme (MARS) for the subscribers of its flagship social security programme,National Pension System(NPS). Currently, returns on the National Pension System (NPS) are linked to the returns of the underlying instruments such as equity, debt or a mix of both.And if the minimum… Continue reading NPS: minimum assured return scheme on the cards

GST on under-construction flats, affordable housing slashed by 7%

GST on under-construction flats, affordable housing slashed by 7% The GST Council has decided that (a) Under construction properties priced over ₹45 lakh will attract 5% GST (Goods and Services Tax), instead of 12% (b) A residential property priced at ₹45 lakh or below will now be defined as “affordable” and taxed at 1% from… Continue reading GST on under-construction flats, affordable housing slashed by 7%

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UN body hails Odisha on women reservation

UN body hails Odisha on women reservation The United Nations Entity for Gender Equality and Empowerment of Women (UN Women) has complimented the Odisha government for proposing 33% reservation for women in Parliament and State Assemblies. UN Women is the UN entity working for gender equality and the empowerment of women. In 2018, the Odisha Assembly had passed a resolution… Continue reading UN body hails Odisha on women reservation

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