CURRENT AFFAIRS DESTINATION FOR UPSC & STATE CIVIL SERVICES EXAMINATIONS
The Central Government will soon launch a solar farming scheme named ‘Kisan Urja Suraksha evam Utthaan Mahaabhiyan’ (KUSUM) with a fund of Rs 1.4 lakh-crore. Union Finance Minister Shri Arun Jaitley has announced allocation of Rs 48,000 crore for this scheme in Union Budget 2018-19. The remaining amount will be raised by the states, through loans and farmers themselves. . Main Features of KUSUM Scheme Under the scheme 28,250 MW of solar power Read More …
Union Finance Minister Arun Jaitely on February 3, 2018, in New Delhi, launched India’s first sentiment index, CriSidEx, for micro and small enterprises. It is jointly developed by SIDBI and CRISIL. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a 0 to 200. Zero indicates extremely negetive whereas 200 indeicates exteremely positive sentiment. CriSidEx will have 2 indices , Read More …
According to the Minister of State for Consumer Affairs, Food & Public Distribution, many steps were taken by the Government to avoid the damage due to various reasons including pests/rodents in storage of foodgrains. Some of those steps are: All godowns are constructed on scientific lines to make them rodent proof by having proper height and damp proof by providing pucca floor plinth. Foodgrains are stored by adopting proper scientific code Read More …
For the inter-state movement of goods and services under GST, mandatory generation of e-way bill became effective from 1st February, 2018. However, within hours, e-way bill generating platform collapsed and the Government was forced to postponed the mandatory generation of e-way bill but its trial will remain continue. The GST Council in its January 2018 meeting had decided to implement the e-way bill mechanism throughout the country from 1st of Read More …
Union Finance Minister Shri Arun Jaitley on February 1, 2018, presented the UNION BUDGET 2018-19. Here are the detailed factual features of Union Budget 2018-19: Indian economy is now 2.5 trillion dollar economy – seventh largest in the world. India is expected to become the fifth largest economy very soon. On Purchasing Power Parity (PPP) basis, we are already the third largest economy. ‘Minimum Government and Maximum Governance’ vision has Read More …
The Central Statistics Office (CSO) under Ministry of Statistics and Programme Implementation on January 31, 2018, released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2016-17. Second Revised Estimates for the financial year 2015-16 and Third Revised Estimates for the financial year 2014-15 (with Base Year 2011-12) were also released. Gross Domestic Product Nominal GDP or GDP at current prices for Read More …
According to a report by ‘ New World Wealth’, with total wealth of 8,230 billion US dollars, India has been raked at 6th welathiest country of the world. As per the report with 64,584 billion dollars, the United States of America is the wealthiest nation in the world followed by China. China has a wealth of 24,803 billion dollars. This report says that India was the best performing wealth market Read More …
Union Finance Minister Shri Arun Jaitley on January 29, 2018, presented the pink colour ‘Economic Survey 2017-18’ in Parliament. The Economic Survey is printed in pink colour to highlight the importance of gender issues to the economy. Here are the main points of Economic Survey-2017-18: 10 new facts of Indian Economy 1. Goods and Services Tax (GST) has given a new perceptive of the Indian economy and new data has emerged. There has Read More …
To Strenghten the existing channel of Atal Penson Yojna (APY) the Union Government has allowed Small Finance Banks (SFBs) and Payments Banks to offer Atal penson Yojna. According to the Finance Ministry, the strength, expertise and reach of these new age banks can play a pivotal role in outreach of subscribers under APY. The ministry also said that participation in APY not only builds a pensioned society but also adds Read More …
The Central Government on January 24, 2018, unveiled details of the recapitalisation of debt laden Public Sector Banks (PSBs) announced on 24 October, 2017. The Union finance minister had announced capital infusion of massive Rs. 2.11 trillion in October 2017. -The capital infusion plan for 2017-18 includes Rs.80,000 crore through Recap Bonds and Rs.8,139 crore as budgetary support. -The reform plan is based on the recommendations made at the PSB Manthan Read More …
Index: Global Talent Competitiveness Index 2018 (GTCI 2018) was released on 23 January, 2018 at Davos World Economic Forum summit. Who published: The GTCI 2018 was published by INSEAD Business School, in partnership with the Adecco and Tata Communications. India’s ranking: India has improved its ranking compare to last year. India is placed at 81st rank. In 2017, India was placed at 92nd position. So it has improved by 11 Read More …
The World Inequality Report titled, ‘Reward Work, not Wealth’ was published by the Oxfam International at World Economic Forum annual summit, Davos on January 22, 2018. According to the report, 73% of the wealth generated in 2017 in India, went to the most wealthy 1%. Globally, 82% of the world wealth generated in 2017 was pocketed by the richest 1%. As per the report, there are now 2,043 dollar billionaires Read More …
World Economic Forum (WEF) released it’s annual ‘Inclusive Development Index 2018 (IDI) in Davos on 22 January, 2018. This index has categorised world’s 103 countries in two broad categories: 29 advanced economies and 74 emerging economies. India was ranked 62nd in 74 emerging economies. India is ranked lower than China (26th) and Pakistan (47th). In 2017 index India was ranked at 60th place. Lithuania has topped the emerging nations index, Read More …
News: The Vice President of India, Shri M Venkaiah Naidu on January 19, 2018, while delivering the 14th Dr V.K.R.V. Rao Memorial Lecture at the Institute for Social and Economic Change in Bengaluru, outlined 12 initiatives to make agriculture viable and remunerative. Why Agriculture: According to the Vice President, despite agriculture being the main occupation of most Indians, farmers are finding the profession unattractive because of low and stagnated income and productivity. The Read More …
Event: Union Minister for Finance and Corporate Affairs Shri Arun Jaitley, on 19 January, 2018, launched the National CSR (Corporate Social Responsibility) Data Portal & Corporate Data Portal in New Delhi. What it will do: The National CSR Data Portal will capture information on CSR activities carried out by eligible companies, filed on the MCA21 registry in their financial statements. The filed information provides a snap shot of CSR activities Read More …
