The Central government has formed a panel headed by Sanjiv Nandan Sahai,Special Power Secretary on power reforms. The panel will recommend measures required to be made in the Power Purchase Agreements(PPAs) and for increasing competitiveness in the power markets. PPA is a contract between the one who generates electricity and one which is looking to… Continue reading Centre forms panel on power reforms
Author: ForumIAS
CBIC compulsorily retires 22 tax officials over charges of corruption and bribery
The government has compulsorily retired 22 senior tax officials under Rule 56 (j) of Fundamental Rules. This decision has been taken in the backdrop of charges of corruption, extortion and professional misconduct against them. All Central government employees are governed by the ‘fundamental rules (FR)’ and the Central Civil Services (CCS) rules and compulsory retirement… Continue reading CBIC compulsorily retires 22 tax officials over charges of corruption and bribery
India’s GDP to grow at 6% in April-June: FICCI survey
According to FICCI report,India is projected to grow at 6.9% for the year 2019-20. They have also said that the RBI will continue its accommodative stance with a further cut in the repo rate in the remaining part of 2019-20. The report has identified four key areas of improvement that would help create more jobs… Continue reading India’s GDP to grow at 6% in April-June: FICCI survey
Explained: Reasons, implications of repo rate cut
The Reserve Bank of India’s(RBI) monetary policy committee (MPC) has lowered the repo rate by 35 basis points to 5.4%. Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI. The Monetary Policy Committee(MPC) is a committee of the Reserve Bank of India.The MPC is made up… Continue reading Explained: Reasons, implications of repo rate cut
Young biologist from Andhra Pradesh recreates a blue whale from bones
Recently,a biologist has recreated a blue whale from the skeletal remains of dead blue whales washed ashore on the Andhra Pradesh coast. The blue whale is the largest animal on the planet weighing as much as 200 tons.They are also the loudest animals on Earth and are even louder than a jet engine. Blue whales… Continue reading Young biologist from Andhra Pradesh recreates a blue whale from bones
Imports from U.S. to grow, trade Ministers to meet soon
Indian Prime Minister has met US President on the sidelines of the G-7 Summit in France. During the meeting,the Indian PM said that India has planned to increase imports including oil from the US and $4 billion worth of imports were already in the pipeline. India and the US has differences over trade imbalance between… Continue reading Imports from U.S. to grow, trade Ministers to meet soon
PM rejects scope for third party mediation in Kashmir
Indian Prime Minister has met US President on the sidelines of the G-7 Summit in France. During the meeting,Indian PM has rejected any scope for a third party mediation between India and Pakistan on Kashmir.He reiterated that Kashmir is a bilateral issue. This statement came after US President has offered to mediate between India and… Continue reading PM rejects scope for third party mediation in Kashmir
G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on
The Group of Seven(G7) summit was held in Biarritz,France.During the summit,US President has said the US and China will be resuming trade talks shortly. The US and China are negotiating a trade deal that would end the trade war between both the countries that has been escalating since last year. Trade war is a situation… Continue reading G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on
Exchange rate driven by capital flows, says RBI
According to Reserve Bank of India Deputy Governor,India’s foreign exchange reserves are borrowed reserves and not built out of export surplus.This means that exchange rate dynamics in India is driven by capital flows rather than current account balances. Current account includes export and import of goods and services while Capital account includes inflow and outflow… Continue reading Exchange rate driven by capital flows, says RBI
Daily Quiz #22 UPSC Prelims Marathon – August 27, 2019
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