Explained: The five ‘iconic’ archaeological sites mentioned in the Budget News: The Government has proposed to set up an Indian Institute of Heritage and Conservation under the Ministry of Culture, and develop five archaeological sites as “iconic sites” with onsite museums. Facts: Site Location About Rakhigarhi Hissar, Haryana One of the most prominent and largest… Continue reading 9 PM Current Affairs Brief – February 3rd, 2020
Author: ForumIAS
7 PM |A workmanlike account: on Budget 2020-21 |3rd February 2020
Context: Key highlights of the Union Budget 2020-2021. More in news: Finance Minister Smt. Nirmala Sitharaman unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long term measures in the first union budget of the third decade of 21st century. Status of Indian Economy: Economic… Continue reading 7 PM |A workmanlike account: on Budget 2020-21 |3rd February 2020
Budget 2020: Social sector push with enhanced allocations for welfare schemes
Facts: Social Welfare: Key Highlights 14% increase in the budget allocation for ministry of social justice and empowerment and a 7.5% increase in that of tribal affairs ministry. Programmes that have seen the highest increase include pre matric scholarships for children of workers involved in manual scavenging (400%), fellowships for OBCs (71.4%) and overseas fellowships… Continue reading Budget 2020: Social sector push with enhanced allocations for welfare schemes
Navy conducts coastal security exercise ‘Matla Abhiyaan’
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’
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
