Author: ForumIAS

Centre seeks ₹41,000 crore more to recapitalise banks News: The Union government has sought Parliamentary approval to provide Rs 41,000 crore as a recapitalization fund to public sector banks during the current fiscal, 2018-19 Important Facts: The amount will be used for the “recapitalization of Public Sector Banks through issue of Government Securities“, and the… Continue reading Centre seeks ₹41,000 crore more to recapitalise banks

Indigenous Advanced Towed Artillery Gun System (ATAGS): News: Indigenously-designed heavy artillery gun, the Advanced Towed Artillery Gun System (ATAGS), enters trial stage. Facts: The ATAGS is a 155mm, 52 calibre gun being developed by the Defence Research and Development Organisation on two parallel tracks: one prototype in partnership with Tata Power, and the other with… Continue reading Indigenous Advanced Towed Artillery Gun System (ATAGS):

Govt to set up panel to look into tax issues faced by startups News: The government to setup an expert committee to look into all the taxation issues being faced by startups and angel investors. Important Facts: The move comes after Income Tax Department issued notices to over 150 startups over the last few weeks… Continue reading Govt to set up panel to look into tax issues faced by startups

Gujarat ranked best state for startups in India, Maharashtra has the largest number News: Department of Industrial Policy and Promotion (DIPP) has awarded Gujarat as the best performer in Start-up Ranking 2018. Important Facts: The Department of Industrial Policy and Promotion (DIPP) announced results of the first ever States’ Start-up Ranking 2018. DIPP began this… Continue reading Gujarat ranked best state for startups in India, Maharashtra has the largest number

Lok Sabha passes Consumer Protection Bill, minister says 1986 law needs change News: Lok Sabha passed the Consumer Protection Bill, 2018 that seeks to replace the Consumer Protection Act, 1986. Important Facts: The highlights of the Bill are: – Replaces the Consumer Protection Act, 1986 – The Bill enforces consumer rights, and provides a mechanism… Continue reading Lok Sabha passes Consumer Protection Bill, minister says 1986 law needs change

Misusing NSA: the detention of a Manipur journalist News: Manipur journalist booked under the National Security Act (NSA) for making derogatory comments against  chief Minister Important Facts: Journalist was arrested after he made derogatory comment against Prime Minister of India and Chief Minister of state in previous month Later District Magistrate granted him bail however… Continue reading Misusing NSA: the detention of a Manipur journalist