CrackitToday App

Conference on ‘Spectrum of Literacy’ Precedes International Literacy Day 2024

Conference on ‘Spectrum of Literacy’ Precedes International Literacy Day 2024: As a precursor to International Literacy Day 2024, the Ministry of Education, Government of India, will host an International Conference titled “Spectrum of Literacy” on September 7, 2024. This virtual conference will be organized by CIET, NCERT, New Delhi, and will bring together global and […]

5th India-Maldives Defence Cooperation Dialogue Held in New Delhi

5th India-Maldives Defence Cooperation Dialogue Held in New Delhi: The 5th Defence Cooperation Dialogue between India and the Maldives was held in New Delhi on September 6, 2024. The Indian delegation was led by Defence Secretary Shri Giridhar Aramane, while the Maldivian delegation was headed by General Ibrahim Hilmy, Chief of Defence Force, Maldives National […]

Forum On China-Africa Cooperation

Forum On China-Africa Cooperation: China is hosting the ninth Forum on China-Africa Cooperation (FOCAC) Summit, a diplomatic event aimed at strengthening ties with African nations. Forum on China-Africa Cooperation was established in 2000 to formalise the strategic partnership between China and African nations. A summit is conducted every three years, with the host alternating between […]

Centralized Pension Payment System

Centralized Pension Payment System: The Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF has approved the proposal for a Centralized Pension Payment System (CPPS) for the Employees’ Pension Scheme, 1995. Centralized Pension Payment System provides a national-level centralized system allowing pension payouts through any bank or branch in India. This […]

Vertical Fiscal Imbalance

Vertical Fiscal Imbalance: There is the problem of Vertical Fiscal Imbalance (VFI) in Indian fiscal federalism, where expenditure decentralization overwhelms the revenue-raising powers of the States. Vertical Fiscal Imbalance (VFI) is defined as the share of sub-national governments’ own spending not financed through their own revenues. A VFI describes a situation in which revenues do […]