Post Office Monthly Income Scheme: Union Finance Minister recently announced the increase of deposit limit for the Post Office Monthly Income Scheme (POMIS). The deposit limit for the Post Office Monthly Scheme (POMIS) has been revised for a single account to Rs.4.5 lakh to Rs. 9 lakh and 15 lakh from Rs. 9 lakh for […]
Category: Current Affairs
Centre For Development Of Advanced Computing
Centre For Development Of Advanced Computing: The Centre for Development of Advanced Computing (C-DAC) is working on the country’s first indigenously designed and developed family of microprocessors. Centre for Development of Advanced Computing (C-DAC) is the apex research and development wing of the Ministry of Electronics and Information Technology. It was established in the year […]
Sant Guru Ravidas Jayanti
Sant Guru Ravidas Jayanti : The President of India greeted fellow citizens on the eve of the birthday of Sant Guru Ravidas. Guru Ravidas Jayanthi is commemorated on Magh Purnima, the day of the full moon in the month of Magh, according to the Hindu Lunar calendar. Guru Ravidas was a 14th-century famous Bhakti Movement […]
Shendurney Wildlife Sanctuary : Annual Faunal Survey
Shendurney Wildlife Sanctuary : Annual Faunal Survey The annual faunal survey was held in the Shendurney wildlife sanctuary. Shendurney Wildlife Sanctuary is a protected area located in the Western Ghats of India, in the Kollam district of This Sanctuary derives its name from Chenkurinji (Gluta travancorica), a species endemic to this region. It comes under […]
What Are Muons?
What Are Muons? As per a new study, researchers are examining the fortress wall of Xi’an, an ancient city in China, by using tiny outer space particles called muons that can penetrate hundreds of metres of stone surfaces. To analyse 14 kilometres long rampart, researchers deployed a technique called muon tomography or muography, which uses […]
Visva-Bharati University : To Get UNESCO Heritage Tag
Visva-Bharati University : To Get UNESCO Heritage Tag Visva-Bharati University will soon get the ‘heritage’ tag from UNESCO to take the distinction of world’s first living heritage university. Visva Bharati university is one of India’s major Central Government funded autonomous university located in Santiniketan, West Bengal. It is well-known as a distinguished centre for Visual […]
Voluntary Settlement Scheme
Voluntary Settlement Scheme: The Union Budget 2023 announced a “voluntary settlement scheme with standardised terms” to amicably end commercial/contractual disputes concerning government undertakings in which arbitral awards are under challenge. The budget 2023-24 has proposed a scheme for settling contractual dispute named Vivad se Vishwas II (Settling Contractual Disputes). Voluntary settlement scheme introduced to settle […]
Qaumi Waqf Board Taraqqiati Scheme (QWBTS)
Qaumi Waqf Board Taraqqiati Scheme (QWBTS): Implemented by The Ministry of Minority Affairs through the Central Waqf Council (CWC) Under this scheme, a dedicated online portal has been developed. This dedicated online portal is the Waqf Assets Management System of India (WAMSI) for computerization, digitization of records of Waqf properties and Geographic Information System (GIS) […]
Judicial Majoritarianism
Judicial Majoritarianism: As the recent majority judgment of the Supreme Court on demonetisation comes under criticism, the minority judgment by J. Nagarathna is being hailed for its challenge to the RBI’s institutional acquiescence to the Central government. Judicial Majoritarianism: As opposed to standard matters heard by Division Benches consisting of two judges, numerical majorities are […]
What Is Angel Tax?
What Is Angel Tax? The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. During Union Budget 2023, Finance Minister Smt Nirmala Sita Raman proposed to amend the Angel tax. Now, the equity amount received by the startups will be subjected to […]
