Pandit Deendayal Upadhyay National Welfare Fund For Sportspersons: The Ministry of Youth Affairs & Sports (MYAS) has approved an amount of Rs 2 Lakh for Karnataka’s V Tejaswini Bai, who won the Arjuna Award in 2011 and was a member of the Women’s Kabaddi team that won gold medals at the 2010 and 2014 Asian […]
Category: Economics Current Affairs
Surplus Transfer : RBI
Surplus Transfer : RBI: The Reserve Bank of India (RBI) announced a surplus transfer of ₹99,122 crore for the 9-month period from July 2020 to March 2021. The higher-than-expected dividend or surplus transfer to the government comes as the government is expecting a sharp sequential fall in tax collections due to the severe second wave […]
Mobile Monitoring Software (NMMS) App And Area Officer Monitoring App
Mobile Monitoring Software (NMMS) App And Area Officer Monitoring App: Union Minister of Rural Development launched National Mobile Monitoring Software (NMMS) app and the Area officer monitoring App. The NMMS App permits taking real-time attendance of workers at Mahatma Gandhi NREGS worksites along with a geotagged photographs, which will increase citizen oversight of the program […]
E-Way Bill Integration with FASTag, RFID
E-Way Bill Integration with FASTag, RFID: The Union Government has integrated the E-Way Bill (EWB) system with FasTag and RFID. Electronic Way (E-Way) Bill: E-Way Bill is usually a unique bill number generated for the specific consignment involving the movement of goods. Under the Goods and Services Tax (GST) regime, EWBs are mandatory for inter-state […]
Hike On Fertiliser Subsidy
Hike On Fertiliser Subsidy: The government takes a historic pro-farmer decision of hiking fertilizer subsidy. PM Narendra Modi chaired a high-level meeting on the issue of fertilizer prices. It was discussed that the price of fertilisers is undergoing an increase due to the rising prices of phosphoric acid, ammonia, etc internationally. A historic decision was […]
Infrastructure Status For Exhibition And Convention Centres
‘Infrastructure Status For Exhibition And Convention Centres: The Finance Ministry has granted ‘Infrastructure’ status for exhibition and convention centers, a move that is expected to ease bank financing for such projects. ‘Exhibition-cum-Convention Centre is included in the Harmonised Master List of Infrastructure sub-sectors by insertion of a new item in the category of Social and […]
Cryptocurrency: Reason for Crashing
Cryptocurrency: Crashing As Much As 30% Within 24 Hours: The cryptocurrency market saw a big correction with prices of major currencies, including Bitcoin, Ethereum, BNB, and others crashing as much as 30% within 24 hours. China announced: This came in the backdrop of Chinese regulators announcing a crackdown on cryptocurrencies. China has barred financial institutions […]
Electoral Bonds : Latest Data
Electoral Bonds: The Electoral Bonds worth Rs. 695.34 crore were sold during elections to the Assemblies of Tamil Nadu, Puducherry, West Bengal, Assam, and Kerala. The amount sold was the highest-ever for any Assembly elections since the scheme started in 2018. Electoral Bond is a financial instrument for making donations to political parties. The bonds […]
Customs Rules Changes 2021
Customs (Import of Goods at Concessional Rate of Duty) Rules: Changes: The Government has brought changes in the existing Customs (Import of Goods at Concessional Rate of Duty) Rules, IGCR 2017 to boost trade facilitation. The Central Board of Indirect Taxes and Customs has introduced changes through the Customs (Import of Goods at Concessional Rate […]
Proposal For Gold Exchange : SEBI
Proposal For Gold Exchange: The Securities and Exchange Board of India (SEBI) has proposed a framework for setting up a spot gold exchange. The spot exchange is where financial instruments, such as commodities, currencies, and securities, are traded for immediate delivery. SEBI is a statutory body established in April 1992 in accordance with the provisions […]
