Mandatory Hallmarking Of Gold Jewellery And Artefacts: The Centre further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from […]
Category: Economics Current Affairs
Foreign Direct Investment (FDI) in India: Latest Trends
Foreign Direct Investment (FDI): Measures Taken By The Government: Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are: India has attracted highest ever total […]
SITA Passenger Service System
SITA Passenger Service System: National carrier Air India has notified its passengers of a data breach that occurred in February 2021 at the SITA passenger service system. The airline said the breach involved data of 45 lakh passengers being leaked. SITA or Société Internationale de Télécommunications Aéronautiques is a multinational information technology company providing IT […]
7th Meeting Of The BRICS Astronomy Working Group (BAWG)
7th Meeting Of The BRICS Astronomy Working Group (BAWG): India virtually hosted the 7th meeting of the BRICS Astronomy Working Group (BAWG) under the Science, Technology, and Innovation track of the BRICS 2021. The Inter-University Centre for Astronomy and Astrophysics (IUCAA), Pune, and Department of Science and Technology (DST) coordinated the meeting. BRICS is an […]
Personal Guarantors Liable For Corporate Debt: SC
Personal Guarantors Liable For Corporate Debt: SC: The Supreme Court upheld a government moves to allow lenders to initiate insolvency proceedings against personal guarantors, who are usually promoters of big business houses, along with the stressed corporate entities for whom they gave a guarantee. It held that November 15, 2019, government notification allowing creditors, usually […]
Pandit Deendayal Upadhyay National Welfare Fund For Sportspersons
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 […]
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 […]
