44th GST Council Meeting: The 44th GST Council met under the Chairmanship of the Union Finance Minister. The Council in its meeting has decided to reduce the GST rates on various items being used in Covid-19 relief and management till 30th September 2021. Key highlights: It decided to waive the tax levied on two critical […]
Category: Economics Current Affairs
El Salvador First In The World To Adopt Bitcoin As Legal Tender
El Salvador First In The World To Adopt Bitcoin, As Legal Tender: El Salvador, a small coastal country in Central America has become the first in the world to adopt Bitcoin, as legal tender. Legal tender is the legally recognized money within a given political jurisdiction. Bitcoin: Introduced in 2009, it is a type of […]
Global Economic Prospects 2021 : World Bank
Global Economic Prospects: World Bank: The World Bank has released its June 2021 Global Economic Prospects where it has forecast India’s GDP growth to be 8.3% for the year 2021-22. India’s economy is expected to grow at 8.3% for Fiscal Year 2021-22, 7.5% for 2022-23 and 6.5% for 2023-24. The world economy is expected to […]
CHATT : Confederation Of Hospitality, Technology & Tourism Industry
Confederation Of Hospitality, Technology & Tourism Industry (CHATT): Airbnb, EaseMyTrip, OYO and Yatra have established a new industry association called “Confederation of Hospitality, Technology & Tourism Industry (CHATT)”. CHATT will help small companies and travel & hospitality technology players. CHATT association: It will promote domestic tourism and help in digital transformation of domestic tourism. It […]
Saral Jeevan Bima: IRDAI
Saral Jeevan Bima: IRDAI: Saral Jeevan Bima, launched by IRDAI (Insurance Regulatory and Development Authority of India) in 2020, has become a popular term life insurance product among the masses. IRDAI is an autonomous body that was established in 1999 to regulate and develop the insurance industry. IRDAI in October 2020 had mandated all life […]
Fugitive Economic Offenders And Assets
Fugitive Economic Offenders And Assets.: Union Minister Dr Jitendra Singh addressed the Special Session of the UN General Assembly on international cooperation to combat the challenge of Fugitive Economic Offenders and Assets. Fugitive Economic Offenders Bill, 2018 The bill was passed by both the houses of Parliament in 2018 after the Nirav Modi–PNB fraud worth […]
Market Based Economic Despatch (MBED)
Market Based Economic Despatch (MBED): Ministry of Power has circulated discussion Paper on Market Based Economic Despatch (MBED) on 1st June 2021 to all concerned stakeholders for obtaining their inputs and comments. Power despatch meaning: Since electricity cannot be stored in power lines, the entity operating the power grid must continuously adjust the output of […]
Performance Grading Index (PGI)
Performance Grading Index (PGI): The Union Education Minister has approved the release of the Performance Grading Index (PGI) 2019-20 for States and Union Territories. The PGI is a tool to provide insights on the status of school education in States and UTs including key levers that drive their performance and critical areas for improvement. About […]
Council Of Scientific And Industrial Research (CSIR)
Council Of Scientific And Industrial Research (CSIR): The Prime Minister chaired a meeting of the Council of Scientific and Industrial Research (CSIR) Society through video conference. Earlier CSIR Floriculture Mission was approved for implementation in 21 States and Union Territories of India. It is also planning to undertake genome sequencing of a sample of nearly […]
SAGE Portal
SAGE Portal: The Minister of Social Justice and Empowerment, launched the SAGE (Seniorcare Aging Growth Engine) initiative and SAGE portal to support India’s elderly persons. The SAGE portal will be a “one-stop access” of elderly care products and services by credible start-ups. The SAGE portal will be opened for applications from 5th June 2021 onwards. […]
