Source: The Hindu Gs2: Parliament and State Legislatures- Budgeting Synopsis: A close analysis of Budget 2021 reveals that the Government is following the principle of fiscal conservatism. The policy of Fiscal spending was the need of the hour. Why the government resorts to fiscal conservatism? Falling revenues had forced the government to restrict its aggregate… Continue reading Budget 2021: Continues with fiscal conservatism
Author: ForumIAS
Budget 2021: Despite some hits, the Budget has crucial misses
Synopsis: The recently released budget 2021 has got a few things right, but there are some issues as well. Introduction The government’s response to distress in the economy was below expectations. Public spending was just over 1% of GDP. It was in a situation when GDP growth was in the negative zone and the unemployment… Continue reading Budget 2021: Despite some hits, the Budget has crucial misses
India- Myanmar relations after Coup
Synopsis: India has a deep security relationship with the Myanmar military. It is not in India’s interest to intervene in Myanmar’s politics. Introduction Military rule has returned to Myanmar after a coup. Aung San Suu Kyi along with the political leadership has been detained by the Military. Similar events took place in Myanmar 30 years… Continue reading India- Myanmar relations after Coup
“Reform-based and result-linked scheme” to revive discoms
Why in News? The Finance Minister proposed a plan to revive discoms. It will include a reform-based and result-linked scheme for electricity distribution companies(discoms). The Minister also announced a framework to provide electricity consumers, an option to choose from among more than one distribution company. This will end the monopoly of discoms and promote competition… Continue reading “Reform-based and result-linked scheme” to revive discoms
Government launches “Portal to collect data on gig workers”
What is the News? The Finance Minister has announced the launch of a portal to collect data on gig, building, and construction workers. About the Portal: The portal aims to collect relevant information on gig and platform workers along with building, construction and other such workers. The information collected will help in formulating health, housing,… Continue reading Government launches “Portal to collect data on gig workers”
Government announced “Single Security Market Code”
What is the news? Government has announced the setting up of a Single Security Market Code. Coverage: It will consolidate the provisions of SEBI Act,1992, Depositories Act, 1996, Securities Contracts (Regulation) Act,1956, and Government Securities Act,2007. Impact: This move will improve the ease of doing business in the country’s financial markets. Moreover, it will cut… Continue reading Government announced “Single Security Market Code”
Finance Minister allocates funds for “National Research Foundation”
What is the News? The Finance Minister allocated funds for the creation of a National Research Foundation(NRF). About National Research Foundation(NRF) The NRF found mention in the 2019 Budget speech first. New Education Policy(NEP),2020 also proposed its formation. The foundation would be an autonomous body. It will fund researches across four major disciplines –Sciences; Technology;… Continue reading Finance Minister allocates funds for “National Research Foundation”
Must Read Current Affairs Articles I 3rd Feb. 2021
Good Morning dear reader We are posting Today’s Must Read Current Affairs Articles below: For yesterday’s Current Affairs – Click Here For Daily Must Read Current Affairs Archive – Click Here GS Paper 1 Awareness campaign planned to dispel ‘rumours’ on NPR, Census The Hindu Page – 9 Syllabus Topic – Population and associated issues… Continue reading Must Read Current Affairs Articles I 3rd Feb. 2021
Swachh Bharat Mission Urban 2.0 and Jal Jeevan Mission
What is the News? The Finance Minister launched Swachh Bharat Mission Urban 2.0 along with Jal Jeevan Mission(urban). Swachh Bharat Mission Urban Launched in: It was launched in 2014 by the Ministry of Housing and Urban Affairs. Swachh Bharat Mission Urban 1.0: The focus of the mission was to make urban India open defecation free… Continue reading Swachh Bharat Mission Urban 2.0 and Jal Jeevan Mission
What are the benefits of “Seaweed Farming”?
What is the news? In Budget 2021, the Finance Minister has proposed to set up a multi-purpose seaweed park in Tamil Nadu. It will be a part of the Seaweed Farming promotion in India. What is Seaweed? It is the name given to the many species of marine algae and plants. These species grow in… Continue reading What are the benefits of “Seaweed Farming”?
