Plea against DigiLocker rules

News:The Delhi High Court has asked the Government to give its stand on a petition against the rules pertaining to the operation of DigiLocker. Facts: About the Petition: The petitioner has asked the apex court to strike down the Information Technology (Preservation and Retention of Information by Intermediaries Providing Digital Locker Facilities) Rules 2016 because… Continue reading Plea against DigiLocker rules

GDP growth rate for 2019-20 estimated at 5%, says NSO

News:The National Statistical Office (NSO) has released the First Advance Estimates for the financial year 2019-20. Facts: Key takeaways from the estimates: The Indian economy is estimated to grow at 5% in 2019-20 as against 6.8% in the previous fiscal. This projected growth rate of gross domestic product(GDP) is the lowest in the last 11… Continue reading GDP growth rate for 2019-20 estimated at 5%, says NSO

Stressed urban cooperative banks to face PCA-like curbs

News:The Reserve Bank of India has revised its supervisory framework for urban co-operative banks(UCBs) to expedite resolution of UCBs experiencing financial stress. Facts: About the revised framework: The framework imposes restrictions on urban cooperative banks(UCBs) for deterioration of financial position in line with the prompt corrective action(PCA) framework that is imposed on commercial banks. The… Continue reading Stressed urban cooperative banks to face PCA-like curbs

Chinese paddlefish found in the Yangtze has gone extinct

News:According to a recent study,Chinese paddlefish which is a native of the Yangtze River system has been declared extinct. Facts: About Chinese Paddlefish: Chinese Paddlefish is also known as Chinese swordfish.It is one of the world’s largest freshwater fish species. It inhabits the Yangtze River basin.The largest Chinese paddlefish may grow up to 3 metres… Continue reading Chinese paddlefish found in the Yangtze has gone extinct

‘Mindset to blame for poor response to NPS’

News:According to the Pension Fund Regulatory and Development Authority (PFRDA),National Pension System (NPS) is a less-preferred saving option due to a certain mindset of individuals and corporates. Facts: The PFRDA has said that there are around 7,000 corporates companies registered with PFRDA.However, only 2-4% of employees of these registered companies are covered under NPS. Further,the… Continue reading ‘Mindset to blame for poor response to NPS’

INS Sumedha provides assistance to stranded vessel near Somali Coast

News:INS Sumedha which is presently on Anti Piracy Patrol in Gulf of Aden, came to the rescue of the stranded vessel near Somali Coast. Facts: About INS Sumedha: INS Sumedha was commissioned into the Indian Navy in 2014.The ship has been designed and built by Goa Shipyard Limited. Sumedha is the third ship of the… Continue reading INS Sumedha provides assistance to stranded vessel near Somali Coast

2nd National GST Conference held for streamlining GST system

News:The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held under the chairmanship of Revenue Secretary,Ministry of Finance. Facts: About the conference: The conference was aimed to build synergy and to share their knowledge and best practices with the intent to bring about uniformity in tax… Continue reading 2nd National GST Conference held for streamlining GST system

In Maharashtra, linking land records to PM Fasal Bima saves time, plugs leaks

News:Maharashtra has become the first state in the country to integrate its land records with the web portal of the Pradhan Mantri Fasal Bima Yojana(PMFBY). Facts: The integration of land records with the PMFBY has helped in saving of time and plugging leakages as the land records will be available online. It also does away… Continue reading In Maharashtra, linking land records to PM Fasal Bima saves time, plugs leaks

Iran will no longer abide by nuclear deal limits

News:Iran has completely withdrawn from JCPOA (Joint Comprehensive Plan of Action) nuclear deal.This announcement came after the US troops had killed General Qassem Soleimani. Facts: About Iran Nuclear Deal: The Iran nuclear deal also called as Joint Comprehensive Plan of Action (JCPOA) was signed between Iran and the P5 plus Germany and the EU in… Continue reading Iran will no longer abide by nuclear deal limits

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