Retrospective Amendment To The Income-Tax Act: The Union Budget 2022-23 brought in some amendments to the Income Tax Act that would be effective retrospectively. Making a retrospective amendment to the Income-tax Act from 2005-06, the Budget has clarified that cess and surcharge will not be allowed to be claimed as deductions in the form […]
Month: February 2022
What Is Coal Gasification?
What Is Coal Gasification? The Delhi-based non-profit, Centre for Science and Environment (CSE), has raised concerns about the Union Government’s announcement on coal gasification projects in the Budget 2022-23. The budget proposed four pilot projects for coal gasification and conversion of coal into chemicals required for the industry. According to CSE, the process of […]
Daily Current Affairs for UPSC IAS: 3rd February 2022
Today Current Affairs: 3rd February 2022 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Indian Coast Guard (ICG): 46th Raising Day
Indian Coast Guard (ICG) Celebrated Its 46th Raising Day: On 1st February 2022, Indian Coast Guard (ICG) celebrated its 46th Raising Day. ICG was established in August 1978 by the Coast Guard Act, 1978 as an independent Armed force of India. As the fourth largest Coast Guard in the world, it has played a significant […]
World Heritage Nomination 2022-2023
World Heritage Nomination 2022-2023: The Union Ministry of Culture has nominated Sacred Ensembles of the Hoysalas temples for consideration as a World Heritage site for the year 2022-2023. The sacred ensembles of the Hoysalas, built in the 12th-13th centuries and represented by the three components of Belur, Halebid and Somnathapura in Karnataka. All these three […]
Draft National Higher Educational Qualification Framework (NHEQF): UGC
Draft National Higher Educational Qualification Framework (NHEQF): UGC The University Grants Commission (UGC) has released a Draft National Higher Educational Qualification Framework (NHEQF) as a part of the National Education Policy (NEP) 2020 to assess students at different levels. The NEP 2020 aims at making “India a global knowledge superpower”. Given the size of the […]
Kerala Lokayukta Act, 1999 Amendment: Proposed Changes
Kerala Lokayukta Act, 1999 : Proposed Changes The Kerala government has proposed to amend the Kerala Lokayukta Act, 1999 with an ordinance, a move that has drawn criticism from the opposition. The proposed ordinance envisages to limit the powers of the anti-corruption watchdog. The Kerala cabinet has recommended to the Governor that he promulgates the […]
PM GatiShakti: Union Budget 2022 Updates
PM GatiShakti: The Minister of Finance presented the Union Budget 2022-23. This section deals with proposals related to ‘PM GatiShakti’. PM GatiShakti National Master Plan for Multi-Modal Connectivity, launched in October 2021, is an initiative aimed at coordinated planning and execution of infrastructure projects. The objective is to bring down logistics costs. GatiShakti is a […]
Energy Transition And Climate Action: Union Budget 2022 Updates
Energy Transition And Climate Action: Union Budget The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament. Additional allocation of Rs. 19,500 crore for Production Linked Incentive for manufacture of high efficiency solar modules to meet the goal of 280 GW of installed solar power by 2030. […]
Digital Rupee: Union Budget 2022 Updates
Digital Rupee: Union Budget Finance Minister Nirmala Sitharaman has announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards. The Reserve Bank of India will launch the CBDC from the upcoming financial year. A Central Bank Digital Currency (CBDC), or national digital currency, is simply the […]
