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Emergency Credit Line Guarantee Scheme (ECLGS)

Emergency Credit Line Guarantee Scheme (ECLGS):   The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore, Finance Minister Nirmala Sitharaman said in her budget presentation. An additional guarantee amount of Rs 50,000 crore has been announced for the […]

Retrospective Amendment To The Income-Tax Act

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 […]

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 […]

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 […]