CURRENT AFFAIRS DESTINATION FOR UPSC & STATE CIVIL SERVICES EXAMINATIONS
According to the the Ministry of Tourism, it has launched the Incredible India 2.0 campaign, during the financial year 2017-18 to promote various destinations and tourism products of the country including spiritual, medical and wellness tourism in important and potential source markets overseas. Aims: The Incredible India 2.0 campaign aims at a shift from generic promotions undertaken across the world to market specific promotional plans and content creation with thematic Read More …
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the Second Advance estimates of national income at constant (2011-12) and current prices for the financial year 2017-18. GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at Rs 32.50 lakh crore, as against Rs. 30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2 percent. GDP growth rates for Q1 and Read More …
Karnataka Chief Minister Siddaramaiah on 1 March 2018, inauguratied the first phase of the Pavagada solar park. After attaining of its full potential of 2000 MW, this park will become the world’s largest solar park. Built at an estimated cost of ₹16,500 crore, the first phase of the park has 600 MW while another 1,400 MW will be added by December 2018. The solar park is located in Thirumani of Read More …
The Central Government has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, 2018 in Parliament. The Bill, approved on 1 March 2018, would help in laying down measures to deter economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts. The bill proposes that the cases where the total value involved in such offences is Rs.100 Read More …
The Union Cabinet on 1 March 2018 approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary for NFRA. Aims: The decision aims at establishment of NFRA as an independent regulator for the auditing profession which is one of the key changes brought in by the Companies Act, 2013. The inclusion of Read More …
The first Mega Food Park in the state of Maharashtra will be inaugurated by Union Minister of Food Processing Industries Smt. Harsimrat Kaur Badal on March 1, 2018 at Degaon Village, in Satara District. This is the 10th Mega Food Park being operationalized in the country and the 8th operationalized during the tenure of present government. Satara Mega Food Park has been set up in 64 acre of land at a cost of Read More …
The Central Government, on February 28, 2018, has extended the ‘Prime Minister’s Employment Generation Programme’ (PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20 with a total outlay of Rs.5,500 crore. Scheme will create sustainable estimated employment opportunities for 15 lakh persons in three financial years. Nodal Agency: Khadi and Village Industries Commission (KVIC) is the nodal implementation agency at the national level. At the State/district level, State offices Read More …
The Cabinet Committee on Economic Affairs on February 28, 2018 approved the regularization and extension of Govt. Guarantee provided to lender Bank for providing credit limit to National Agricultural Cooperative Marketing Federation of India (NAFED) to Rs.19,000 crore from earlier Rs.9,500 crore for undertaking procurement operation of pulses and oilseeds under Price Support Scheme (PSS) and to Small Farmers Agri-Business Consortium (SFAC) for Rs. 45 crore for meeting their existing Read More …
The Union Cabinet on February 28, 2018 gave its approval to the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for promoting their development, and realizing their potential. The Cabinet has also directed the Ministries/Departments concerned with these sectors to utilize the available draft sectoral plans to finalize and implement the Action Plans for the identified Champion Services Sectors. The respective line Read More …
The 2nd Advance Estimates of production of major crops for 2017-18 was released on 27 February by the Department of Agriculture, Cooperation and Farmers Welfare . As per 2nd Advance Estimates, the estimated production of major crops during 2017-18 is as under: Foodgrains – 277.49 million tonnes (record) Rice – 111.01 million tonnes (record) Wheat – 97.11 million tonnes Coarse Cereals – 45.42 million tonnes (record) Maize – 27.14 million Read More …
The National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways has conducted detailed pre-feasibility studies for setting up Inter Modal Stations (IMS) at Nagpur and Varanasi, and the development of DPRs for this is in final stages of completion. 15 cities for IMS: 15 cities across the country have been prioritized for development of IMS of which Nagpur and Varanasi have been selected as pilot projects. Read More …
Financial Intelligence Unit (FIU) under Ministry of Finance, has released a list of around 9500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions. The FIU has released the list on its website showing the names of these NBFCs which have been found non-compliant to the Prevention of Money Laundering Act rules. As per the PMLA, all NBFCs have to appoint a principal officer in the financial Read More …
The Group of Ministers for GST has recommended implementation of E-Way bill for Inter-state movement of goods from 1st April 2018. According to the Bihar Deputy Chief Minister and GST Convenor, Sushil Kumar Modi, 26 to 30 Lakh E-Way bills are expected to be generated when E-Way bills will be implemented by 1st April 2018. Aboutu 9.5 Lakh taxpayers are registered on E-Way bills portal, and 6.5 Lakh E-Way bills Read More …
Why in the news: One of the most ambitious project of Telangana, the Kaleshwaram Lift Irrigation Project is once again in the news. Environmentalists are raising eyebrows about its irrecoverable costs. Environmental costs: According to the environmental experts, this project will lead to loss of forest cover to an extent of over 7,800 acres. State forest department says that a total of 22 lakh forest trees will be hacked to Read More …
The Reserve Bank of India via notification on 23 February 2018, launched Ombudsman Scheme for non-banking financial companies (NBFCs), registered with RBI under section 45-IA of the RBI Act, 1934, for redressal of complaints against them. The scheme was announced in the Monetary Policy Statement OF February 7, 2018. The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under Read More …
