CURRENT AFFAIRS DESTINATION FOR IAS & STATE CIVIL SERVICES EXAMINATIONS
The Supreme Court of India has ruled that the National Consumer Disputes Redressal Commission (NCDRC) exceeded its authority by issuing directives related to interest rates on credit card dues, reaffirming that such matters fall exclusively under the jurisdiction of the Read More …
The decline in India’s insurance penetration from 4% in 2022-23 to 3.7% in 2023-24, as highlighted in the IRDAI’s Annual Report, underscores ongoing challenges in the insurance sector despite efforts to achieve the “Insurance for All by 2047” vision. Key Read More …
India’s Trade Receivables E-discounting System (TrEDs) platforms are drawing up plans to on-board as many as a million micro, small, and medium enterprises (MSMEs) over the next couple of years. About TReDS TReDS is an online platform set up to Read More …
The Government of India and the Asian Development Bank (ADB) has signed a $350 million policy-based loan under the second subprogram of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) program. KEY POINTS
The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Price (MSP) for copra for 2025 season. KEY POINTS
Capital markets regulator Securities and Exchange Board of India (SEBI) has announced setting up of a performance validating agency called Past Risk and Return Verification Agency (PaRRVA). PaRRVA shall carry out the verification of risk-return metrics for Investment Advisors (IAs), Read More …
The Union Government on December 16 launched the ‘Credit Guarantee Scheme for e-NWR-Based Pledge Financing.’ Under this scheme, farmers will now be able to get a loan through their produce. Key features of scheme This scheme provides a corpus of Read More …
The Department of Financial Services (DFS) has set up a committee under SBI Chairman C.S. Setty to address the hurdles faced by the National Asset Reconstruction Company Limited (NARCL), commonly known as the Bad Bank. About NARCL (Bad Bank): NARCL came Read More …
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal unveiled a major policy for cargo promotion – ‘Jalvahak’ – incentivising movement of long haul cargo via National Waterways (NW) on rivers Ganga, Brahmaputra and Barak. Jalvahak scheme incentivises long-haul cargo Read More …
Switzerland has announced the suspension of the Most Favored Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025. This decision will increase the withholding tax rate on dividends paid to Indian tax residents Read More …
The Securities and Exchange Board of India (SEBI) has proposed a significant move to allow retail investors to engage in algorithmic (algo) trading. What is Algo trading? Algo trading is a system that utilizes computer algorithms to execute programmed orders Read More …
Some states have complained to the 16th Finance Commission that the Centre is increasingly taking recourse to cess and surcharge to circumvent its recommendations on tax devolution. Constitutional Basis: Distinctions Between Taxes, Cess, and Surcharge: Aspect Taxes Cess Surcharge Purpose Read More …
Foreign Direct Investment (FDI) inflows into India from April 2000 to September 2024 have soared to the $1,033.40 billion mark (USD one trillion), according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT). Key points Read More …
Sanjay Malhotra has been appointed as the 26th Governor of the Reserve Bank of India (RBI). His tenure will begin on December 11, 2024, and will last for three years. A 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan Read More …
India has bagged International Social Security Association’s (ISSA) ‘Good Practice Award’ for Asia and Pacific for this year for five services provided by Employees’ Provident Fund Organisation (EPFO).