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 […]
Category: Current Affairs
Sport’s Hall Of Fame
Sport’s Hall Of Fame: Indian tennis legends Leander Paes and Vijay Amritraj were inducted into the sport’s Hall of Fame. Leander Paes was inducted into the Player Category of the International Tennis Hall of Fame. He has won 18 Grand Slam titles in doubles and mixed doubles and was a former doubles world No. 1. […]
Revamped Model Skill Loan Scheme
Revamped Model Skill Loan Scheme: The government has launched a revamped ‘model skill loan scheme’ aimed at enhancing accessibility to skill development courses with a significantly increased maximum loan limit. The new scheme raises the maximum loan limit from Rs 1.5 lakh to Rs 7.5 lakh. Initially launched in 2015, the old scheme saw low […]
State Of Food Security And Nutrition In The World 2024
State Of Food Security And Nutrition In The World 2024: The “State of Food Security and Nutrition in the World 2024” (SOFI 2024) report, published by FAO, IFAD, UNICEF, WFP, and WHO, presents a critical analysis of global food security and nutrition trends. This year’s report emphasises the urgent need for increased financing to end […]
Exercise Khaan Quest 2024
Exercise Khaan Quest 2024: The Indian contingent participated in the 21st edition of Khaan Quest, a multinational peacekeeping exercise, being held from 27th July 2024 to 9th August 2024 in the Five Hills Training Area in the Mongolian capital of Ulaanbaatar. The exercise aims to develop interoperability and share best practices in tactics, techniques, and […]
Manu Bhaker : Olympic 2024
Manu Bhaker : Olympic 2024 Manu Bhaker won a bronze medal in the women’s 10m air pistol event at the Paris 2024 Olympics. The Olympic Victory is the first medal for India at the Paris 2024 Olympics and the first Olympic medal in shooting for India since the London 2012 Games. Manu, who hails from […]
Assam’s Charaideo Moidams
Assam’s Charaideo Moidams: Assam’s Charaideo Moidams, now a UNESCO World Heritage Site, are royal burial sites of the Ahom dynasty, which ruled Assam from 1228 to 1826 AD. A moidam is a mound of earth over a grave, typically containing one or more chambers with an earthen mound covered in grass and a pavilion on […]
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 […]
Rock Varnish Layers In Ladakh
Rock Varnish Layers In Ladakh: Magnetofossils, fossilised magnetic particles from magnetotactic bacteria, have been discovered in rock varnish layers in Ladakh. Rock varnish is a dark brown to black coating that covers stable, subaerially exposed rock surfaces in arid and semiarid regions. Findings: The analysis of the rock varnish samples from Ladakh revealed higher concentrations […]
First Offshore Mineral Auctions
First Offshore Mineral Auctions: India is set to launch its first offshore mineral auctions, marking a significant step in resource management. This initiative, part of the proposed National Critical Minerals Mission (NCCM), aims to enhance the supply chain for critical minerals. Union Minister of Mines announced the identification of 10 blocks, marking a pivotal moment […]
