Introduced: Lok Sabha (23rd March 2020) Passed: Lok Sabha (20th Sept 2020) Passed: Rajya Sabha (22nd Sept 2020) Present status: Received assent on 28th Sept 2020 & converted to Act. About National Forensic Science University Bill, 2020 Ministry: Home Affairs Aim: It establishes National Forensic Science University as an institute of national importance. The proposed… Continue reading National Forensic Science University Bill 2020
Defence Acquisition Procedure 2020
Defence Acquisition Procedure (DAP) – 2020 News: The Defence Minister has unveiled the Defence Acquisition Procedure (DAP) – 2020 Facts: Key Features: Notify a List of Weapons/Platforms for Ban on Import: Relevant incorporation has been done in the DAP to ensure that NO equipment as mentioned in the list is procured ex import post timelines… Continue reading Defence Acquisition Procedure 2020
GST Compensation Cess
What is Cess? A cess is an earmarked tax that is collected for a specific purpose and ought to be spent only for that. Cess may initially go to the CFI but has to be used for the purpose for which it was collected. Cess collections are supposed to be transferred to specified Reserve Funds… Continue reading GST Compensation Cess
Comptroller and Auditor General (CAG) of India
Comptroller and Auditor General (CAG) It is a constitutional body established under Article 148 of the Constitution of India. Purpose: CAG audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. Appointment: CAG is appointed by the President of India following a… Continue reading Comptroller and Auditor General (CAG) of India
Departmentally Related Standing Committees (DRSCs)
Departmentally Related Standing Committees (DRSCs) News: In the current Lok Sabha, 17 Bills were referred to committees. Parliamentary Committees are established to study and deal with various matters that cannot be directly handled by the legislature due to their volume. Constitutional Provision: Indian Constitution mentions two kinds of parliamentary committees under Article 118 (1) of the… Continue reading Departmentally Related Standing Committees (DRSCs)
10 PM Current Affairs Quiz: October 26th 2020
Good Evening Friends, We are posting today’s 10pm Current Affairs Quiz [WpProQuiz 1841]
What is Carbon Tax?
Carbon Tax A carbon tax is a fee imposed on the burning of carbon-based fuels (coal, oil, gas). It is a way to have users of carbon fuels pay for the climate damage caused by releasing carbon dioxide into the atmosphere. It works on the ‘the polluter pays’ principle. After economic reforms and carbon emissions… Continue reading What is Carbon Tax?
9 PM Daily Brief – October 26th, 2020
Good evening dear reader. Here is our 9pm current affairs brief for you today GS-2 India-US Relations Non-alignment in multipolar framework GS-3 Buffer Stocks 9 PM for Preliminary examination FACTLY 1. India-US Relations Source: Indian Express Syllabus: Gs2: Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora Context: A look at… Continue reading 9 PM Daily Brief – October 26th, 2020
Draft Electricity Act (Amendment) Bill 2020
Draft Electricity Act (Amendment) Bill 2020 Bill has been framed to ensure that renewable energy tariffs are not changed by the states after the execution of contracts, and electricity regulatory commissions have more teeth to enforce power purchase agreements between projects and distribution companies (discom). It seeks privatisation of discoms (distribution companies) by way of… Continue reading Draft Electricity Act (Amendment) Bill 2020
What is UDAY scheme?
UDAY scheme UDAY scheme was launched in November 2015, the Ujjwal DISCOM Assurance Yojana (UDAY) was designed to turn around the precarious financial position of state distribution companies (DISCOMS). The state governments took over 75 % of the debt of their DISCOMS, issuing lower-interest bonds to service the rest of the debt. In return, DISCOMS were given… Continue reading What is UDAY scheme?
