What is GST? The proposed Goods and Service Tax (GST) is a destination based indirect tax that will be levied on supply of goods and services, which is set to subsume the various indirect taxes currently levied by the Centre and the states including excise duty, service tax, value added tax (VAT), Central Sales Tax (CST), purchase… Continue reading What is Goods and Service Tax?
Author: ForumIAS
Air India: Knowledge Base
Air India is the flag carrier airline of India Headquartered at New Delhi, it is owned by Air India Limited, a Government of India enterprise, and operates a fleet of Airbus and Boeing aircraft serving 90 domestic and international destinations. The airline was founded by J. R. D. Tata as Tata Airlines in 1932 and… Continue reading Air India: Knowledge Base
What is Monetary Policy Committee?
What is MPC? The Monetary Policy Committee (MPC) is a committee of the Central Bank in India (Reserve Bank of India), headed by its Governor, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level i.e. inflation targeting. The Reserve Bank of… Continue reading What is Monetary Policy Committee?
What is NPA?
What are NPA’s? A loan is an asset for a bank as the interest payments and the repayment of the principal amount create a stream of cash flows. It is from the interest payments than a bank makes its profits. Banks usually treat assets as non-performing if they are not serviced for some time. If… Continue reading What is NPA?
What is Demonetization?
Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins. The opposite of demonetization is remonetization, in which… Continue reading What is Demonetization?
Mains Marathon – June 12
Read the following questions and answer them by clicking on the links in not more than 200 words Time: 30 Minutes 1. Mention four attributes that are important for civil service. Justify your answer. (GS 4) 2. Is morality important to lead a happy life? Support your answer with examples. (GS 4) 3. Has the formation of linguistic States strengthened the… Continue reading Mains Marathon – June 12
Must Read News Articles – June 12
GS 1 Geophysical phenomena Met Dept. sees ‘good week’ ahead for monsoon: The southwest monsoon is making a steady advance into Maharashtra and West Bengal and the Meteorological Department has predicted a “good week” ahead. GS 2 India and neighbors ‘Neighbourhood First’ in Nepal: (The Hindu, Editorial) India needs to help Prime Minister Deuba clear… Continue reading Must Read News Articles – June 12
UPSC Prelims Booklist
UPSC BOOKS If you are preparing for UPSC Prelims books, and want to know which UPSC books you need to read, below is the list of books that you will need to clear Prelims. Note: The most important part of the UPSC books exam is its syllabus and there is a need to take an… Continue reading UPSC Prelims Booklist
Must Read News Articles – June 12
GS 1 Geophysical phenomena Met Dept. sees ‘good week’ ahead for monsoon: The southwest monsoon is making a steady advance into Maharashtra and West Bengal and the Meteorological Department has predicted a “good week” ahead. GS 2 India and neighbors ‘Neighbourhood First’ in Nepal: (The Hindu, Editorial) India needs to help Prime Minister Deuba clear… Continue reading Must Read News Articles – June 12
Essay Test – June 10, 2017
Instructions: Write an essay on any one of the following in about 1000-1200 words. Time : 90 minutes Marks : 125 1. Compassion is not weakness, and concern for the unfortunate is not socialism. 2. Liberty, not communism, is the most contagious force in the world.
