Synopsis: Eco Tax in India can be useful for sustaining public Health financing as well as in mitigating effects of climate change. Background India’s tax revenue decreased significantly during the Pandemic. It has resulted in widening the Fiscal deficit. For instance, the fiscal deficit for FY 2020-21 (revised estimates) is projected to be 9.5% of… Continue reading Need for Eco Tax in India
Category: Daily News Updates
Significance of SC Ruling on Personal Guarantors for Corporate Loans
Synopsis – The Apex Court has dismissed all challenges to the liability of personal guarantors for corporate loans under the insolvency code. Introduction The Supreme Court upheld a government notification of 2019 issued under the Indian Insolvency and Bankruptcy Code (IBC). This allows banks to initiate insolvency proceedings against personal guarantors who are usually promoters… Continue reading Significance of SC Ruling on Personal Guarantors for Corporate Loans
UK’s Electronic Travel Authorisation Scheme
What is the News? The United Kingdom(UK) has announced plans for a fully digital border with the launch of Electronic Travel Authorisation Scheme. About Electronic Travel Authorisation(ETA) Scheme: The scheme is similar to the U.S.-style electronic travel authorization. It will pre-check the travellers coming to the U.K. Under this, visitors without a visa or immigration… Continue reading UK’s Electronic Travel Authorisation Scheme
SC Ruling on Personal Guarantor’s Liability for Corporate Debt
What is the News? The Supreme Court has upheld the government’s move to allow lenders to initiate insolvency proceedings against personal guarantors. Who is a personal guarantor? To showcase their intent to repay the bank loan on time, the promoters of some big business houses submit a personal guarantee to the lenders. It secures them… Continue reading SC Ruling on Personal Guarantor’s Liability for Corporate Debt
How UNESCO Grants World Heritage Site tag?
What is the News? The Maharashtra government has submitted a list of 14 fort sites to be included in the Tentative list of UNESCO World Heritage Sites. These sites are from the era of 17th century Maratha king Chhatrapati Shivaji Maharaj. UNESCO has accepted the nomination in Tentative Lists of its World Heritage Site. What… Continue reading How UNESCO Grants World Heritage Site tag?
International Day for Biological Diversity
What is the News? International Day for Biological Diversity (IDB) is observed every year on 22nd May. About International Day for Biological Diversity(IDB): The United Nations has proclaimed May 22 as the International Day for Biological Diversity(IDB) to increase understanding and awareness of biodiversity issues. Earlier, December 29 was designated as the International Day for… Continue reading International Day for Biological Diversity
“Dipcovan Kit” -DRDO develops Antibody Detection Kit
What is the News? Defense Research and Development Organisation(DRDO) has developed a Covid-19 antibody detection kit named Dipcovan. About Dipcovan Kit: Firstly, Dipcovan kit is a Covid-19 antibody detection kit. Defence Institute of Physiology and Allied Sciences lab of DRDO developed it in association with Delhi’s Vanguard Diagnostics Pvt Ltd. Secondly, Purpose: Its primary purpose… Continue reading “Dipcovan Kit” -DRDO develops Antibody Detection Kit
“BRICS Astronomy Working Group” Proposes Networking of Existing Telescopes
What is the News? India virtually hosted the 7th meeting of the BRICS Astronomy Working Group (BAWG) under the Science, Technology, and Innovation track of the BRICS 2021. Note: India has assumed the BRICS Presidency from January 2021. About BRICS Astronomy Working Group(BAWG): Astronomy was established as one of five thematic science areas within BRICS… Continue reading “BRICS Astronomy Working Group” Proposes Networking of Existing Telescopes
How Whiteflies are Damaging Crops in India?
What is the News? According to a study by ICAR– National Bureau of Agricultural Insect Resources, Invasive Whiteflies Species are increasing in India. Whiteflies: Whiteflies are sap-sucking insects. They are members of the insect family Aleyrodidae (order Homoptera). These insects become abundant during warm climates and are found on houseplants and in greenhouses. Origin: Most… Continue reading How Whiteflies are Damaging Crops in India?
India’s Stand on Palestine and Israel Conflict
Synopsis: In its recent statement, India tried to maintain a balance between its relations with Israel and Palestine. Why is it difficult for India to take sides in this conflict? Introduction India is a non-permanent at the UN Security Council. It attempted a subtle balancing act by repeating its traditional support for the Palestine cause.… Continue reading India’s Stand on Palestine and Israel Conflict
