Chit Fund: Rates of GST on the chit funds have been raised from the earlier 12% to 18%. This may raise the borrowing cost and benefits out of the chit fund. A chit fund is a close-ended group lending scheme. It is called ‘Chit Fund’ as a piece of paper is used for writing a […]
Month: August 2022
Electromagnetic Field(EMF) Emissions
Electromagnetic Field(EMF) Emissions: Several steps taken by the government to reduce Electromagnetic Field(EMF) Emissions. They are invisible areas of energy, often referred to as Radiation, that is associated with the use of electrical power and various forms of natural and man-made lighting. Natural Sources (such as thunderstorms, and the earth’s magnetic field) and Human-made sources […]
SMILE-75 Initiative
SMILE-75 Initiative: The Ministry of Social Justice & Empowerment has launched the “SMILE-75 Initiative”. SMILE (Support for Marginalized Individuals for Livelihood and Enterprise Scheme) is aimed at making cities/towns and municipal areas begging-free and comprehensive rehabilitation of the persons engaged in the act of begging. Under the initiative, seventy-five (75) Municipal Corporations in collaboration with […]
Criminal Procedure (Identification) Act, 2022
Criminal Procedure (Identification) Act, 2022: The Criminal Procedure (Identification) Act, 2022 has come into force after being passed by the Parliament in April 2022. It replaces the Identification of Prisoners Act, 1920, a colonial era law, and authorises police officers to take measurements of people convicted, arrested or facing trial in criminal cases Criminal Procedure […]
UN Military Observer Group In India And Pakistan
UN Military Observer Group In India And Pakistan: U.N. Secretary General has appointed Rear Admiral Guillermo Pablo Rios of Argentina as the Head of Mission and Chief Military Observer for the United Nations Military Observer Group in India and Pakistan (UNMOGIP). UNMOGIP was established in January 1949. After the first war in Kashmir (1947-1948), India […]
Booster Dose: Corbevax
Booster Dose: Corbevax The government of India announced that those who have received Covishield or Covaxin as their first or second dose for Covid-19 can take Corbevax as the third booster shot. Corbevax is still awaiting World Health Organisation’s Emergency Use Listing (EUL). Until now, the third dose had to be the same vaccine that […]
Digital Currency
Digital Currency: According to a recent study by the United Nations Trade and Development Body (UNCTAD), over 7% of India’s population owned Digital Currency in 2021. India was ranked seventh in the list of top 20 global economies for digital currency ownership as share of population. Developing countries accounted for 15 of the top 20 […]
Daily Current Affairs for UPSC IAS: 12th August 2022
Today Current Affairs: 12th August 2022 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Blue Bonds
Blue Bonds: SEBI has proposed the ‘blue bonds’ for sustainable finance Blue bond: It will be a debt instrument to support investments in healthy oceans and blue economies (i.e. use of ocean resources for economic growth)- sustainable exploitation of ocean resources, fishing, and extracting renewable energy. It will catalyse progress towards SDG 14 (Life Below […]
Peninsular Rock Agama
Peninsular Rock Agama: A study has been carried out by researchers from Indian Institute of Science (IISc), Bengaluru to understand several environmental factors (including urbanisation) that could affect the presence of the Peninsular Rock Agama/ South Indian Rock Agama. The Peninsular Rock Agama (Psammophilus dorsalis) which is a type of garden lizard has a strong […]
