Dear Students,
As we enter the 3rd year of SFG – Select Focus Group – one of our most innovative programs for successfully cracking the Prelims Examination. Based on your feedback, we continuously innovate and update our programs, keeping in mind the dynamic nature of the Civil Services Examination, the rising standards of Civil Services preparation, and increasing competition – partly because of capacity development and fast-paced self-learning programs like SFG.
Note: Please subscribe to the "SFG 2021 - Level 1, 2 & 3" channel for all the updates related to SFG 2021.
https://forumias.com/channel/SFG-2021-7th-Jan
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Update #8
Instructions for attempting the SFG 2021 - Level 3 tests:
The tests will go live strictly at7 AMand will get auto-submitted at8 AM.
Update #7
Results declared for SFG 2021 - Level 3
Results for SFG 2021 - Level 3 has been declared, please check if you are selected for Select Focus Group (SFG) or Reserve List Group (RLG).
Ranklist for SFG 2021 - Level 3:https://go.forumias.com/529
Payment link for students selected in SFG (Select Focus Group) - Rs. 2400 + GST (18%) per month
Payment link for students selected in RLG (Reserve List Group) - Rs. 2900 + GST (18%) per month
Note: Deadline for accepting the fees is 31st July by 5 PM. After that fees will not be accepted
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Update #6
Registrations for SFG 2021 - Level 3 are now closed. If you have missed the registration for any genuine reasons, you can fill up this form below, and our team will reach out to you. No phone calls or emails will be entertained apart from the form below.
Click here:https://go.forumias.com/528
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Update #5
Instructions for attempting the SFG 2021 - Level 3 Entrance test:
The test will be conducted in Online mode on 25th July at 09:30 AM in the morning.
Update #4
The detailed exam plan (Calender) for SFG 2021 - Level 3 is now available.
You can see the detailed plan - https://go.forumias.com/sfglevel3-calender
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Update #3
Syllabus of Entrance test for SFG 2021 – Level 3:Candidates can expect 30 questions distributed across History, Polity, Economy, Environment, Science & Technology, International Relations and Geography. Further 10 questions will be from Current Affairs of May, June and July months of 2021 and 10 questions from CSAT.
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Update #2
Entrance Test Date - 25th July 2021
Registration Link - https://go.forumias.com/525
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Update #1
SFG 2021 Level 3 - Calendar Released - 20th July | 08:00 PM
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SFG – How it works
- Select Focus Group (SFG) is a small group of students who are selected by ForumIAS every year for coaching them to clear the UPSC Prelims Examination. Every single candidate selected and retained consistently in the group with Top ranks has cleared the Prelims examination in the past.
- 100 Students will be selected for the Select Focus Group, through the SFG Entrance Test, who will be required to report at 7AM every day 6 days a week to write an hour-long test based on a pre-planned syllabus, followed by a discussion on the same.
- Candidates who are unable to make it to the SFG will be maintained in a Reserve List, who can also write the tests.
- Tests are conducted daily and results are provided within 8 hours of test with a Name and Rank list for candidates and parents to evaluate their daily performance.
- All candidates writing the CSE 2021 are eligible to apply for the entrance test.
SFG Level 3 - The Last SFG for Prelims 2021
The SFG Level 3 is a 40-day capsule program with the following objectives:
- Developing problem-solving skills for solving analytical, conceptual and thought based questions.
- Developing skills to solve questions based on the application of the reading that they have done for Level 1 and Level 2.
- Mastering the art of handling questions from unknown areas and applying concepts from their wider reading which is relevant for the Civil Services Prelims Examination.
- Developing time management skills, and being through with the syllabus
- Providing a reliable, time-bound framework for revision just before the examination.
Application Procedure
- The program will commence from 2nd August, admission to which will be entrance based. The Entrance Test will be conducted on 25th July. The results of the Entrance Test will be announced the next day i.e. 26th July.
- Admission to the SFG and RLG are based on the rank of the candidate in the merit list of the SFG Entrance Test. Students can apply for the program by registering for the Entrance Test by paying a fee of Rs. 500+ GST. Candidates can register by visiting https://go.forumias.com/525. The candidate must appear for the entrance test on the designated date and time, subsequent to which he/she will be admitted to the Select Group or the Reserve List.
- The candidate must pay the program fee as per the group he/she is allocated.
Note: Admissions to the SFG / RLG Group will only be on the basis of the merit position of the candidate in the entrance test. The Entrance Test will be held on 25th July. Candidates must register for the SFG Entrance Test by visiting https://go.forumias.com/525. No admission will be granted to the candidate without appearing for the Entrance Test.
Fee Structure and Details:
The course duration is about 40 days and fees will be charged after your selection to the SFG/RLG list. Fees for the full duration of the program is to be paid before 1st August.
For students selected in SFG - Rs. 2400 + GST (18%):
For students selected in RLG - Rs. 2900 + GST (18%):
Important Dates:
SFG 2021 Level 3 - Calendar Released - 20th July | 08:00 PM
Entrance Test – 25th July 2021 | 9:30 AM
Result of Entrance Test - 26th July 2021 | 05 PM
Last Date for Fee Payment – 1st August
Program Commencement – 2nd August
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Wishing You Success,
Always,
ForumIAS Academy
How it is not right ? What is your logic ?
Because 73rd AA doesn't contain any provision regarding DPC. You can't even find any keywords related to District planning commission, it was only in 74th AA.
People who've set the question paper just picked a line from IGNOU course material without any background check to it.
https://legislative.gov.in/constitution-seventy-third-amendment-act-1992
https://legislative.gov.in/constitution-seventy-fourth-amendment-act-1992
Check yourself DPC provision exists only in 74th, not 73rd.
Brother, the use of 73rd and 74rth act words are often used together.
Cant we say that they have set up DPCs ? Yes it is a true statement. You don’t mark a statement wrong because of this.
How it is not right ? What is your logic ?
Because 73rd AA doesn't contain any provision regarding DPC. You can't even find any keywords related to District planning commission, it was only in 74th AA.
People who've set the question paper just picked a line from IGNOU course material without any background check to it.
https://legislative.gov.in/constitution-seventy-third-amendment-act-1992
https://legislative.gov.in/constitution-seventy-fourth-amendment-act-1992
Check yourself DPC provision exists only in 74th, not 73rd.Brother, the use of 73rd and 74rth act words are often used together.
Cant we say that they have set up DPCs ? Yes it is a true statement. You don’t mark a statement wrong because of this.
Brother, the term 73rd and 74rth Amendment Act itself is a phrase in itself. Please don’t mark such questions because of this reason. If it is said that Rajinder Nagar and Patel Nagar have become coaching hubs for IAS, don’t mark it wrong because coaching s are there in Rajinder nagar , but not in Patel Nagar. Get my point ?
Moreover, if something is quoted often together doesn't justify anything.
Never mind, there's no point arguing. Let's put this to an end.
Q2. Solution says 'jewelery is excluded from the definition of capital assets'. Is it correct?
Mint article from may'21
Sale of jewellery: Income tax rules on gains explained (livemint.com)
Q2. Solution says 'jewelery is excluded from the definition of capital assets'. Is it correct?
Mint article from may'21
Sale of jewellery: Income tax rules on gains explained (livemint.com)
Yes, there seems some error here as well. I guess the source for this must've been this LTCG document
Which excludes jewellery from "list of exemptions" under personal movable property. Which means jewellery is included in capital gains tax.
Link - https://www.incometaxindia.gov.in/Tutorials/15-%20LTCG.pdf
Thanks, didn't know about this
@farejul @Neyawn Please correct the explanation of statement 3, Q10 in today’s paper(Test 26).
In the explanation it is provided that high inflation leads to low interest rates i.e., it implies there is causative relation between the two. Fact is, low interest rate may be inflationary, though not always, but not vice versa. Also, there is no causative relation between interest rate & inflation.
Correct Explanation should be:
When domestic country is facing high inflation, it invariably means that aggregate price level in the domestic economy is high. When it is so, it will mean, for unchanged exchange rate, the domestic products have become costlier, which essentially implies that demand for domestic products by foreigners will fall & which is nothing but Exports of domestic country. Low exports will mean low foreign currency supply, coz foreigners in order to pay for our products get the currency exchanged by domestic currency. With unchanged demand for foreign currency & falling supply,the foreign currency price will rise & which is nothing but the exchange rate. Rise in exchange rate(domestic currency price of foreign currency) is depreciation.
Secondly, when domestic prices are very high, some of the demand for domestic products by domestic consumers may get shifted to foreign products which may have become cheaper at unchanged exchange rates. This means the imports of domestic country will rise. It essentially implies demand for foreign currency will rise, as we pay for our imports by exchanging domestic currency for foreign currency. It essentially means that with unchanged foreign currency supply & rising demand, the foreign currency price will rise which is nothing but the exchange rate. And rise in price of foreign currency in terms of domestic currency is nothing but depreciation of domestic currency.
Thus, under high inflation, falling exports & rising imports fuel the depreciation of domestic currency.
@farejul @Neyawn Please correct the explanation of statement 3, Q10 in today’s paper(Test 26).
In the explanation it is provided that high inflation leads to low interest rates i.e., it implies there is causative relation between the two. Fact is, low interest rate may be inflationary, though not always, but not vice versa. Also, there is no causative relation between interest rate & inflation.
Correct Explanation should be:
When domestic country is facing high inflation, it invariably means that aggregate price level in the domestic economy is high. When it is so, it will mean, for unchanged exchange rate, the domestic products have become costlier, which essentially implies that demand for domestic products by foreigners will fall & which is nothing but Exports of domestic country. Low exports will mean low foreign currency supply, coz foreigners in order to pay for our products get the currency exchanged by domestic currency. With unchanged demand for foreign currency & falling supply,the foreign currency price will rise & which is nothing but the exchange rate. Rise in exchange rate(domestic currency price of foreign currency) is depreciation.
Secondly, when domestic prices are very high, some of the demand for domestic products by domestic consumers may get shifted to foreign products which may have become cheaper at unchanged exchange rates. This means the imports of domestic country will rise. It essentially implies demand for foreign currency will rise, as we pay for our imports by exchanging domestic currency for foreign currency. It essentially means that with unchanged foreign currency supply & rising demand, the foreign currency price will rise which is nothing but the exchange rate. And rise in price of foreign currency in terms of domestic currency is nothing but depreciation of domestic currency.
Thus, under high inflation, falling exports & rising imports fuel the depreciation of domestic currency.
Impact of high inflation over Currency depreciation can be explained in two ways:
Currency depreciation has two meanings one is qualitative and the other is quantitative.
- qualitative value: Overall basket of goods a certain sum of that particular currency could buy.
- quantitative value: Exchange rate of that particular currency W.R.T other currency.
- qualitative depreciation: If there is high inflation in a country basket size (purchasing power) of that currency will shrink over a period of time causing currency depreciation in qualitative terms.
For example: if in 2017, 100 Rs could buy a liter of mustard oil but in 2021 it could by only half of it, we can say that value of the currency has depreciated due to high inflation in the edible oil market.
- Quantitative depreciation: If there is high inflation, imports may become cheaper than export due to higher input cost leading to a negative balance of trade and causing the exchange rate of the currency to fall.
- Quantitative depreciation: Second reason can be attributed to the phenomenon when inflation is high, investors pull their money from domestic banks as the rate of return are not able to offset value depreciation (effective interest rate) and park that money abroad by exchanging domestic currency into more stable currency.
- High supply of domestic currency in international forex has a nose-diving impact on its value.
Concurrent List with Serial no. where both Union & State can Collect Tax and Make laws:-
Entry Sl No. 43 Recovery in a state of claims in respect of taxes and other public demands, including arrears of land revenue and sums recoverable as such arrears, arising outside that State.
Entry Sl 44 Stamp duties other than duties or fees collected by means of judicial stamps, but not including rates of stamp duty.
Entry Sl 47 Fees in respect of any of the matters in this List, but not including fees taken in any court.
The corrigendum released isn’t satisfactory:
Q.27. The new categories introduced do not necessarily have to be from BPL category. Source:
Only if they don’t belong to the above 2 categories do they have to be BPL. To me that’s what is implied from the above explanation given on the official site.
Q.33. The link shared in the corrigendum itself clearly contradicts the explanation provided:
The power is with the legislatures. Unless they delegate it, local governments have no inherent power. Unless a law is passed by the state legislature, no tax can be levied. Even if local governments want to levy a tax, the state must pass a law first providing them the power to do so. In this case, saying that the power to levy taxes lies only with the Union and State legislatures isn’t incorrect.