Growth prop: On RBI repo rate cut Six-member monetary policy committee (MPC) headed by RBI Governor lowered the repo rate by 25 basis points to 6.25 per cent, repo or repurchase rate is where RBI lends money to commercial banks.RBI last cut rates in August of 2017. RBI has taken this decision because India’s consumer… Continue reading Growth prop: On RBI repo rate cut
Author: ForumIAS
Only 50% of PAN linked to Aadhaar
Only 50% of PAN linked to Aadhaar Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do not need to file returns. According to Section 139AA of the Income Tax Act, not only is PAN… Continue reading Only 50% of PAN linked to Aadhaar
Taxpayers, MPs, MLAs can’t avail farm income support
Taxpayers, MPs, MLAs can’t avail farm income support Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up to 2 hectares). However, it also exclude some section of the society such as: a) former and… Continue reading Taxpayers, MPs, MLAs can’t avail farm income support
NGOs call for funds to eliminate tuberculosis
NGOs working towards eliminating tuberculosis have appealed to the Indian government to ensure adequate funding and effective implementation of the National Strategic Plan to End TB. This was done at the a preparatory meeting before the Global Fund’s Sixth Replenishment. The Global Fund to Fight AIDS, Tuberculosis and Malaria (or Global Fund/ GFATM), is an… Continue reading NGOs call for funds to eliminate tuberculosis
Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
The second phase of river information system (RIS) will be inaugurated between Patna-Farakka stretch of NW-1 in order to boost cargo movement on Ganga. RIS is a form of vessel traffic management using next generation technology. It will help in crisis management and enhanced inland navigation safety by preventing (a) ship-to-ship collisions (b) ship-bridge collisions… Continue reading Shri Nitin Gadkari to Inaugurate 2nd Phase of River Information System Between Farakka- Patna in Prayagraj Tomorrow
Daily Quiz: UPSC Prelims Marathon – February 8, 2019
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Taxpayers, MPs, MLAs can’t avail farm income support
Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up to 2 hectares). However, it also exclude some section of the society such as: a) former and present holders of constitutional posts, b) serving and… Continue reading Taxpayers, MPs, MLAs can’t avail farm income support
Only 50% of PAN linked to Aadhaar
Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do not need to file returns. According to Section 139AA of the Income Tax Act, not only is PAN mandatory for filing income tax returns but… Continue reading Only 50% of PAN linked to Aadhaar
Answers: Mains Marathon – UPSC Mains Current Affairs Questions – February 7, 2019
Archives Q.1) Discuss the problems faced by workers in the unorganized sector? What measures have been taken by the government for their social security and welfare? Answer: Unorganised sector constitute more than 90% of the labour workforce in India. Problems of unorganised sector: It affects the wage premium and formal wage employment. Among self-employed persons,… Continue reading Answers: Mains Marathon – UPSC Mains Current Affairs Questions – February 7, 2019
Government proposed no modification in February 12 circular of the RBI.
The February 12 circular aims at quick reporting of defaults, resolution plan for defaulting companies and a time-bound referral of defaulting companies to the National Company Law Tribunal (NCLT) and makes it mandatory to map an account as NPA even on a single-day default. Power sector companies had challenged the the February 12 circular in… Continue reading Government proposed no modification in February 12 circular of the RBI.
