Context The Finance Ministry has asked four large PSU creditors to explore opportunities for acquisition of small and mid-sized banks with a goal to create global sized lenders. Key Features Large public sector banks (PSBs) like Punjab National Bank, Bank of Baroda, Canara Bank and Bank of India could try looking for potential contenders for… Continue reading Bank Merger
Anti-profiteering provisions
The GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state finance ministers as members, recently approved the anti-profiteering rules. Goods and Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state governments. It was introduced as The Constitution (One Hundred and Twenty Second Amendment) Act 2017,… Continue reading Anti-profiteering provisions
Answered: Mains Marathon – UPSC Mains Current Affairs Questions – June 20
1. “The reward for work well done is the opportunity to do more.” Discuss.(GS 4) The reward most of the time comes in the form of greater opportunity as it wins the trust of people. This boosts moral and self-esteem.The confidence of others also get reinforced when the person has already worked hard. Leaders who… Continue reading Answered: Mains Marathon – UPSC Mains Current Affairs Questions – June 20
Must Read News Articles – June 20
Archives GS 2 Issues related to governance End the violence: (The Hindu, Editorial) Longstanding issues such as the demand for a separate state of Gorkhaland in the Darjeeling Hills of West Bengal cannot be wished away with a magic wand. Legislation and legality: (The Hindu, Editorial) In the Aadhaar-PAN case, the Supreme Court has effectively held that… Continue reading Must Read News Articles – June 20
Mains Marathon – UPSC Mains Current Affairs Questions – June 20
Archives Read the following questions and answer them by clicking on the links in not more than 200 words Time: 30 Minutes Kindly review each others answers. 1. “The reward for work well done is the opportunity to do more.” Discuss. (GS 4) 2. “Terrorism is emerging as a competitive industry over the last few decades.” Analyse the… Continue reading Mains Marathon – UPSC Mains Current Affairs Questions – June 20
All you need to know about the Periodic Labour Force Survey
Context: The Ministry of Statistics and Programme and Implementation has launched Periodic Labour Force Survey in April 2017 which will supersede the earlier system where data was available only every five years. About the Periodic Labour Force Survey The Periodic Labour Force Survey would generate quarterly reports on the urban labour market situation and an annual… Continue reading All you need to know about the Periodic Labour Force Survey
Gorkha Movement Gathering Momentum Again
Context A century ago, the people of Darjeeling, Siliguri and Dooars areas felt that on the basis of their ethnic history and distinct identity, a separate administrative unit for the Gorkhas would be an initiative for the greater good of the community. Indian Gorkhas are Nepali language-speaking Indian peoples This separate administrative unit, with time,… Continue reading Gorkha Movement Gathering Momentum Again
Insolvency and Bankruptcy code and NPAs
Context Reserve Bank of India said its internal advisory committee (IAC) had identified 12 accounts, which account for 25% of non-performing assets of the Indian banking system for immediate resolution under the Insolvency and Bankruptcy Code (IBC). NPA issues in India The internal advisory committee (IAC) of the Reserve Bank of India (RBI) had recently… Continue reading Insolvency and Bankruptcy code and NPAs
DARK NET, a deep hideous space
A small part of the deep web (things that your typical search engine can’t find like government databases, libraries). An anonymous internet, the contents are not accessible through search engines. Both the web surfers and website publishers are entirely anonymous and can be achieved by Onion network. Used by Activists and revolutionaries to organize themselves… Continue reading DARK NET, a deep hideous space
What is remote planning?
Little or no dependence on the location and existence of the mastermind, the plotters are anonymous. The handling is performed through the use of internet, keeping the identity of the plotter anonymous. Carrying and shifting of arms gets easier. Connection between the lone actor and the remote controller is facilitated by the growth of social… Continue reading What is remote planning?
