PARAKH : Report A recent report submitted to the Education Ministry by PARAKH recommends incorporating student performance from Classes 9, 10, and 11 into the final Class 12 marks. PARAKH (Performance Assessment, Review and Analysis of Knowledge for Holistic Development) is a unit established within NCERT in 2023 to standardise school board assessments nationwide. PARAKH […]
Category: Economics Current Affairs
Report On Currency And Finance : 2023-2024
Report On Currency And Finance : 2023-2024 As per the ‘Report on Currency and Finance (RCF) for the year 2023-24’ released by the Reserve Bank of India (RBI), India’s digital economy is set to constitute 20% of the country’s GDP by 2026, doubling its current contribution of 10%. This significant growth projection underscores the transformative […]
Prompt Corrective Action Framework : RBI
Prompt Corrective Action Framework : RBI The Reserve Bank of India (RBI) has introduced a Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs). This framework aims to enable timely supervisory intervention and ensure UCBs implement necessary remedial measures to restore their financial health. It replaces the existing Supervisory Action Framework (SAF) last revised […]
SAFAL Test Cycle 2024 To Reduce Exam Stress : CBSE
SAFAL Test Cycle 2024 To Reduce Exam Stress : CBSE CBSE Launches SAFAL Test Cycle to Ease Exam Pressure Objective Assess students of Classes 5 and 8 on core concepts instead of rote learning with no preparation required. SAFAL (Structured Assessment For Analyzing Learning) aligns with NEP 2020 to reduce exam fear. It started with […]
Shiksha Saptah 2024
Shiksha Saptah 2024: The Union Ministry of Education celebrated the 4th anniversary of the National Education Policy (NEP) 2020 with a week-long campaign called “Shiksha Saptah.” This campaign is designed to promote and celebrate the achievements and objectives of NEP 2020. Shiksha Saptah: Vidyanjali Program is an initiative by the Department of School Education and […]
Indexation
Indexation: The changes in the long-term capital gains (LTCG) tax regime, particularly the withdrawal of the indexation benefit, has emerged as one of the most contentious decisions announced in the Union Budget for 2024-25. Indexation is the process of adjusting the original purchase price of an asset or investment in order to neutralise the impact […]
Subvention Scheme
Subvention Scheme: The Supreme Court has provided relief to homebuyers in the National Capital Region (NCR) under the Subvention scheme. The Supreme Court has instructed banks not to take coercive action against individuals who have not received possession of their flats. Subvention Scheme involve a tripartite agreement between the buyer, banker, and developer. The buyer […]
Angel Tax : Union Budget 2024-2025
Angel Tax : Union Budget 2024-2025 The Union Minister for Finance proposed to abolish ‘angel tax’ for all classes of investors, while presenting the Union Budget 2024-25 in Parliament. Angel Tax was levied on the capital raised via the issue of shares by unlisted companiesfrom an Indian investor if the share price of issued shares […]
Climate Finance Taxonomy
Climate Finance Taxonomy: Presenting the Union Budget for 2024-25, the Finance Minister announced that the government would develop a ‘climate finance taxonomy’. Climate Finance Taxonomy is a system that classifies which parts of the economy may be marketed as sustainable investments. It helps guide investors and banks in directing trillions toward impactful investments to tackle […]
Skill Loan Scheme
Skill Loan Scheme: The Union Finance Minister recently announced a revision to the model skill loan scheme, which will now facilitate loans up to Rs 7.5 lakh backed by a guarantee from a government-promoted fund. Skill Loan Scheme was introduced in July, 2015, to offer institutional credit to individuals pursuing skill development courses aligned with […]
