What is the News? The Economist Intelligence Unit(EIU) has released the Democracy Index, 2020. In that, India dropped two places and currently at 53rd position. Facts: Democracy Index 2020: It was started in 2006 by the Economist Intelligence Unit. The index provides a clear image of the status of democracy worldwide in 167 countries. Categories:… Continue reading EIU’s “Democracy Index” – India at 53rd position
Category: Daily Factly articles
Prime Minister lauds efforts of Kerala man for “Vembanad lake” clean-up
What is the News? During Mann ki Baat address, Prime Minister has praised the efforts of a Kerala man. He engages in cleaning the Vembanad Lake despite his physical challenges. Facts: Vembanad Lake: It is the longest lake in India and the largest lake in the state of Kerala. The lake is situated at sea… Continue reading Prime Minister lauds efforts of Kerala man for “Vembanad lake” clean-up
Budget proposes tax on EPF interest
What is the News? The government has proposed to make the interest earned on EPF contributions beyond ₹2.5 lakh Taxable. Why has this proposal been made? The government has found instances where High Net Worth Individuals(HNIs) are contributing huge amounts to EPF. They are getting the benefit of tax exemption at all stages — contribution,… Continue reading Budget proposes tax on EPF interest
World Economic Forum launches “EDISON Alliance”
What is the News? The World Economic Forum has announced the launch of an Essential Digital Infrastructure and Services Network(EDISON) Alliance. About Essential Digital Infrastructure and Services Network(EDISON) Alliance: Aim: To work towards ensuring global and equitable access to the digital economy. How will it ensure equitable access to the digital economy? The alliance will… Continue reading World Economic Forum launches “EDISON Alliance”
“ICMR Serological Survey” -One in five Indians have been exposed to coronavirus,
What is the News? Indian Council of Medical Research(ICMR) has released the third round of the Serological Survey. Facts: Serological Survey: It is conducted to assess the prevalence of a disease in a population. It is done by detecting the presence of specific antibodies that are produced against the virus. How was the survey conducted?… Continue reading “ICMR Serological Survey” -One in five Indians have been exposed to coronavirus,
Tenure of “Commission for Sub-categorisation of OBCs” extended
What is the News? The tenure of the Commission to examine the Sub-categorisation of Other Backward Classes(OBCs) is extended. The commission now has until July 31 to submit its report. The commission is headed by Justice G Rohini. What is Sub-Categorisation of OBCs? Reservation among OBCs: OBCs are granted 27% reservation in jobs and education… Continue reading Tenure of “Commission for Sub-categorisation of OBCs” extended
What is “Make in India Initiative 2.0”?
What is the News? The Minister of Commerce and Industry has informed Lok Sabha about the Make in India Initiative 2.0. Make in India Initiative: Launched Year: It was launched in 2014 by the Government of India. Aim: To make India a global hub for the manufacturing, research and innovation. Also, the integrations of India… Continue reading What is “Make in India Initiative 2.0”?
Mega Investment Textiles Parks (MITRA) scheme for textile sector
Why in News? The Finance Minister has announced the launch of Mega Investment Textiles Parks (MITRA) Scheme. About Mega Investment Textiles Parks (MITRA) Scheme Aim: The scheme aims to enable the textile industry to become globally competitive and boost exports. The scheme also aims to boost employment generation within the textile sector and also attract… Continue reading Mega Investment Textiles Parks (MITRA) scheme for textile sector
Govt. agrees to maintain States’ share in the divisible pool of taxes
Why in News? Recently the Government released the Fifteenth Finance Commission (15th FC) recommendations along with the action taken report in the Parliament. Major recommendations of 15th FC: Tax Devolution to States: The 14th FC commission recommended that states 42% share in the divisible tax pool of the centre. But the interim report of 15th… Continue reading Govt. agrees to maintain States’ share in the divisible pool of taxes
What is “One District One Product Scheme”?
What is the News? The Ministry of Commerce and Industry has informed Lok Sabha about the One District One Product Scheme. One District One Product Scheme(ODOP): Aim: To identify one product per district based on the potential and strength of a district and national priorities. A cluster for that product will be developed in the… Continue reading What is “One District One Product Scheme”?
