Base year of CPI-IW changed

The Labour and Employment Ministry on Thursday revised the base year of the Consumer Price Index for Industrial Workers (CPI-IW) from 2001 to 2016. Why the base year for the Consumer Price Index for Industrial Workers(CPI-IW) has been changed? Due to the changing consumption pattern, more weightage has been given to spending on health, education,… Continue reading Base year of CPI-IW changed

Must Read Current Affairs Articles I 24th October 2020

Good Morning dear reader. We are posting Today’s Must Read Current Affairs Articles below: GS Paper – 1 The revenge of the lakes in Hyderabad Syllabus Topic- Urbanization, their problems and their remedies Paper 3- Disaster and Disaster Management. GS Paper – 2 Centre’s Bureau? States withdrawing general consent should worry the CBI — onus… Continue reading Must Read Current Affairs Articles I 24th October 2020

Financial Action Task Force (FATF)

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 during the G7 Summit in Paris. Its Secretariat is located at the Organisation for Economic Cooperation and Development (OECD) headquarters in Paris. The objectives of the FATF are to (a) set standards and promote effective implementation of legal, regulatory and operational measures… Continue reading Financial Action Task Force (FATF)

National Payments Corporation of India (NPCI)

It is a “Not for Profit” umbrella organization for operating retail payments and settlement systems in India, is an initiative of RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It aims in bringing innovations in the… Continue reading National Payments Corporation of India (NPCI)

What is COMCASA?

COMCASA(Communications Compatibility and Security Agreement0 is an India-specific version of the Communication and Information on Security Memorandum of Agreement (CISMOA) COMCASA was signed in September 2018, after the first 2+2 dialogue in the US. It allows the US to provide India with its encrypted communications equipment and systems for US origin military platforms like the… Continue reading What is COMCASA?

What is LEMOA (Logistics Exchange Memorandum of Agreement)?

The Logistics Exchange Memorandum of Agreement(LEMOA), which was signed between India and the US in August 2016 is an India-specific version of the Logistics Support Agreement (LSA). It allows the military of each country to restock from the other’s base and Access supplies, spare parts and services from the other country’s land facilities, air bases,… Continue reading What is LEMOA (Logistics Exchange Memorandum of Agreement)?

BECA (Basic Exchange and Cooperation Agreement)

BECA (Basic Exchange and Cooperation Agreement) The Basic Exchange and Cooperation Agreement mainly refer to an agreement on the sharing of geospatial intelligence, information on maps and satellite images for defence. According to officials, anyone who sails a ship flies an aircraft, fights wars, locates targets, responds to natural disasters, or even navigates with a… Continue reading BECA (Basic Exchange and Cooperation Agreement)

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