Category: Test 1

Govt relaxes norms for startups The government has relaxed the norms under the definition of Start-Ups. The changes brought in are: (a) The investment limit of angel investors to seek exemption under the Income Tax Act, 1961 has been increased to Rs 25 crore from 10 Crore. (b) An entity shall be considered as a startup… Continue reading Govt relaxes norms for startups

7 islands in Lakshadweep and Andamans identified for seaplane operations During the 5th meeting of Island developement agency, Four islands in the Andamans and three in Lakshadweep have been identified for seaplane operations, while private sector participation has been invited for tourism based projects. These islands are Swaraj Dweep, Shaheed Dweep, Hutbay and Long in… Continue reading 7 islands in Lakshadweep and Andamans identified for seaplane operations

Why more countries are welcoming Indian visitors India has ranked 67 out of 199 countries in the 2019 Passport Index. In 2015, India had ranked 77. 25 countries offer visa-free entry to Indians, 39 countries offer visa on arrival. Indian tourists still need visas to enter 134 countries Among SAARC nations, India only lags behind… Continue reading Why more countries are welcoming Indian visitors

To cut import, govt to boost production of drug ingredient Department of pharmaceuticals has charted out a plan to boost domestic local manufacturing of Active Pharmaceutical ingredients(API) in order to reduce its import dependence on China. Bulk drugs or APIs are the active raw materials used in medicines to give them their therapeutic effect.More than… Continue reading To cut import, govt to boost production of drug ingredient

OFB gets clearance for producing 114 long-range artillery gun ‘Dhanush’ The Ordnance Factory Board (OFB) has received a production clearance from the Indian Army and the Defence Ministry for production of 114 ‘Dhanush’ artillery guns. Dhanush is an upgraded version of the Swedish Bofors gun procured by India in the mid-1980s. Dhanush is the first… Continue reading OFB gets clearance for producing 114 long-range artillery gun ‘Dhanush’

RBI to transfer Rs 28,000 crore interim surplus to government Reserve Bank will transfer an interim dividend of Rs 28,000 crore to the government, a move that will help the Centre keep fiscal deficit in check.RBI has already transferred Rs 40,000 crore in current year (2018-19). Interim dividend is a payment made during the course… Continue reading RBI to transfer Rs 28,000 crore interim surplus to government

IAF conducts Exercise Vayu Shakti 2019 at Pokhran Indian Air Force demonstrated its full combat and fire capabilities during ‘Exercise Vayu Shakti-2019’ in the Pokharan firing range close to Indo-Pak border in Rajasthan. It is conducted once in three years which is participated by fighters, helicopters, force enablers and support systems. The aim of the… Continue reading IAF conducts Exercise Vayu Shakti 2019 at Pokhran

Quash Kulbhushan Jadhav verdict, says India India urged the International Court of Justice (ICJ) to annul former Indian Navy officer Kulbhushan Jadhav’s death sentence by a Pakistani military court and order his immediate release. India submitted that (a) Pakistan violated its obligations under Article 36 of Vienna Convention on Consular Relations 1963 by refusing India… Continue reading Quash Kulbhushan Jadhav verdict, says India

DRDO scouts for R&D partners DRDO is looking for collaboration in six advanced military technologies namely (a) Advanced Medium Combat Aircraft (AMCA) (b) Unmanned Combat Aerial Vehicles (UCAVs) and UAVs (c) materials (d) sensors (e) avionics and (f) artificial intelligence. Defence Research and Development Organisation (DRDO) has also launched ‘Dare to Dream’ contest to encourage… Continue reading DRDO scouts for R&D partners

SC sets aside NGT order allowing reopening of Sterlite plant in Thoothukudi Supreme Court set aside the order of the National Green Tribunal, which permitted the re-opening of the Sterlite plant at Tuticorin. Sterlite is a copper smelting unit and is a subsidiary of the Vedanta Group. The plant had been ordered to be closed… Continue reading SC sets aside NGT order allowing reopening of Sterlite plant in Thoothukudi