News: The Indian Navy carried out a five-day coastal security exercise, “Matla Abhiyaan” along the riverine border with Bangladesh Facts: The exercise is named after Matla River. It aims to interact with coastal communities to spread awareness on coastal security. It also seeks to understand the navigational complexities in the Sunderban deltaic waters. Additional Information:… Continue reading Navy conducts coastal security exercise ‘Matla Abhiyaan’
Author: ForumIAS
Explained: What is Archimedes Principle, used in Jharkhand to rescue an elephant
News: Authorities applied the Archimedes Principle, or the ‘upward buoyant force theory’, to bring the elephant out of the well in Gumla district, Jharkhand. Facts: Archimedes Principle Discovered by the ancient Greek mathematician and inventor Archimedes. It refers to the law of buoyancy–the ability or tendency of something to float in water or other fluids.… Continue reading Explained: What is Archimedes Principle, used in Jharkhand to rescue an elephant
15th Finance Commission report
News:The Finance Minister has tabled the interim report of the 15th Finance Commission recommendations. Facts: About 15th Finance Commission: The 15th Finance Commission was constituted by the President of India under the chairmanship of NK Singh. The term of the commission was originally set to end in October 2019 but was extended to November 30,… Continue reading 15th Finance Commission report
Explained:Meet the poets the FM quoted in her Budget speech
News:The Finance Minister has quoted four poets in her Budget speech namely Pt. Dinanath Nadim, Avvaiyar, Thiruvalluvar and Kalidas. Facts: About Dinanath Nadim: Dinanath Nadim was born in 1916.He wrote in Kashmiri, Hindi and Urdu. He received the Sahitya Akademi award in 1986 for his opera Shuhul Kull (The Shady Tree). Well-known works : Vitasta… Continue reading Explained:Meet the poets the FM quoted in her Budget speech
Budget announces implementation of Nirvik Scheme
News:The Finance minister has announced the NIRVIK (Niryat Rin Vikas Yojana) scheme in the Budget 2020. Facts: About NIRVIK Scheme: Aim:To provide a) enhanced insurance cover b) reduced premium for small exporters and c) Simplified procedure for claim settlements. Ministry:The scheme is being prepared by the Ministry of Commerce and Industry. Features of the scheme:… Continue reading Budget announces implementation of Nirvik Scheme
Budget 2020:Dividend Distribution Tax
News:Union Budget has proposed to abolish the dividend distribution tax(DDT) at the company’s level.The dividend income will now be added to the taxable income of the recipient and taxed at the applicable rate. Facts: About Dividend Distribution Tax(DDT): A dividend is a return given by a company to its shareholders out of the profits earned… Continue reading Budget 2020:Dividend Distribution Tax
Budget 2020:Investment Clearance Cell
News:The Finance Minister has proposed setting up of ‘Investment Clearance Cell’ for young entrepreneurs. Facts: About Investment Clearance Cell: The Investment Clearance cell will be a pan-India single-window clearance system for entrepreneurs. It will be setup by the Department for Promotion of Industry and Internal Trade(DPIIT). The cell will give investors free investment advisory, land… Continue reading Budget 2020:Investment Clearance Cell
Budget 2020:Taxation and Governance
News:The Finance minister has announced the Vivad Se Vishwas scheme in Budget 2020-21 that would help in reducing litigation. Facts: About Vivaad se Vishwas Scheme: Vivaad se Vishwaas is an amnesty scheme aims at reducing tax litigations pending at various forums. Under the proposed scheme, a taxpayer would be required to pay only the amount… Continue reading Budget 2020:Taxation and Governance
Budget 2020:National Mission on Quantum Technologies & Application
News:In Budget 2020,the Finance Minister has announced a National Mission on Quantum Technologies & Applications(NM-QTA). Facts: About the Quantum Technology: Quantum Technology is based on the principles of quantum theory, which explains the nature of energy and matter on the atomic and subatomic level. Quantum principles can be used for engineering solutions to extremely complex… Continue reading Budget 2020:National Mission on Quantum Technologies & Application
Daily Quiz #78 UPSC Prelims Marathon – February 3, 2020
[WpProQuiz 1021]
