Indigenous Charging Standards : BIS The Bureau of Indian Standards (BIS) has approved an indigenous AC and DC combined charging connector standard, known as IS17017 (Part 2/Sec 7): 2023, for light electric vehicles (LEVs). This standard is the world’s first of its kind and has been developed in India. This initiative allows original equipment manufacturers […]
Category: Economics Current Affairs
Lewis Model And China
Lewis Model And China: The Lewis Model has proved successful for China, India grapples with its implementation, encountering challenges in the transition from agriculture to industrialization. Also, as manufacturing trends towards higher capital intensity, India contemplates shifting to a ‘farm-as-factory’ labor model in response. In 1954, economist William Arthur Lewis put forth the “Economic Development […]
Operation Chakra 2 : CBI
Operation Chakra 2 : CBI The Central Bureau of Investigation (CBI) has recently launched , Operation Chakra II. ‘Operation Chakra-2’, was initiated after the registration of five separate cases of cyber-enabled financial fraud, including a ₹100-crore crypto scam. Operation Chakra II launched by Central Bureau of Investigation (CBI). Objective is to fight against transnationally organized […]
International Competition Network
International Competition Network: The Competition Commission of India (CCI) has become a part of the prestigious 18-member steering committee of the International Competition Network (ICN). The concept for the ICN originated from recommendations made by the International Competition Policy Advisory Committee (ICPAC), a group formed in 1997. It was established in October 2001 by officials […]
Global Tax Evasion Report 2024
Global Tax Evasion Report 2024: The European Union Tax Observatory has released ‘Global Tax Evasion Report 2024’ highlighting several critical issues related to tax evasion, the Global Minimum Tax (GMT) on billionaires, and measures to combat tax evasion. The report investigates the effects of international reforms adopted over the past 10 years, such as the […]
Small Savings Instruments
Small Savings Instruments: The government of India has raised the rates offered for most small savings instruments (SSIs) in the range of 40 basis points (bps) to 150 bps over the last five quarters. Small Savings Instruments (SSIs) are a set of savings instruments managed by the central government with the aim of encouraging citizens […]
Leniency Plus Norms : CCI
Leniency Plus Norms : CCI The Competition Commission of India (CCI) has released a draft of revised lesser penalty regulations that provides for introduction of a “leniency plus” programme Leniency plus’ norms is a new cartel detecting tool and sheds light on how the competition watchdog intends to operationalize it. The “Leniency Plus” regime was […]
Yuva Sangam (Phase III)
Yuva Sangam (Phase III): The registration portal for Phase III of Yuva Sangam, under Ek Bharat Shreshtha Bharat (EBSB), was launched. Yuva Sangam is an initiative by the Government of India to strengthen people-to-people connections between youth belonging to different States/UTs of India. Interested youth in the age group of 18-30 years, mainly students, NSS […]
Electoral Bonds : Update
Electoral Bonds : Update The Supreme Court of India has referred the challenge to the validity of the electoral bonds scheme, which allows anonymous donations to political parties, to a Constitution Bench of five judges. The case also pertains to the passage of the electoral bonds scheme as a Money Bill The electoral bonds system […]
IndiaSkills 2023-24
IndiaSkills 2023-24: The Ministry of Skill Development and Entrepreneurship has launched IndiaSkills 2023-24 and commended the World Skills Competition (WSC) 2022 winners. IndiaSkills 2023-24: IndiaSkills 2023-24 is a skill development competition which aims to foster and enhance the skills of individuals in various domains, preparing them for national and international skill competitions. IndiaSkills is the […]
