Circular Trading: The issue of circular trading could be taken up by the Goods and Services Tax (GST) Council in its upcoming meeting. Circular trading refers to fraudulently availing input tax credit by traders by issuing of invoices without availing any real goods or service. In simple words, circular trading refers to the transaction of […]
Category: Current Affairs
Three Medicinal Plant Species Added To IUCN Red List Of Threatened Species
Three Medicinal Plant Species Added To IUCN Red List Of Threatened Species: Three medicinal plant species (Meizotropis pellita, Fritillaria cirrhosa, Dactylorhiza hatagirea) found in the Himalayas have been added to the IUCN Red List of Threatened Species following a recent assessment. Key Highlights of these Species: Meizotropis pellita: It is commonly known as Patwa, is […]
National Judicial Commission Bill, 2022
National Judicial Commission Bill, 2022: The National Judicial Commission Bill, 2022 was introduced after the majority of voice votes were in its favour. Highlights of the Bill: The bill aims to regulate the procedure to be followed by the National Judicial Commission for recommending people for appointment as the Chief Justice of India and other […]
Razorpay : 1st Payment Gateway To Support Credit Cards On UPI
Razorpay : 1st Payment Gateway To Support Credit Cards On UPI With the aim to further strengthen digital payments and boost India’s credit penetration, the platform announced its readiness to support Credit Card Transactions on Unified Payments Interface (UPI). UPI enables customers to make transactions through their bank accounts. Linking credit cards with UPI will […]
Wildlife (Protection) Amendment Bill 2022
Wildlife (Protection) Amendment Bill 2022: Rajya Sabha passed the Wildlife (Protection) Amendment Bill, 2022 which seeks to conserve and protect wildlife through better management of protected areas and rationalise schedules which list out species under the Wildlife (Protection) Act, 1972. The Rajya Sabha passed the Wild Life (Protection) Amendment Bill, 2022 which seeks to give […]
Bill To Amend The Multi-State Cooperative Societies Act
Bill To Amend The Multi-State Cooperative Societies Act: A Bill to amend the Multi-State Cooperative Societies Act was introduced in the Lok Sabha recently. Multi-State Cooperatives: MSCS is a Cooperative Society with objects to serve the interest of the members in more than one State. MSCS Act, 2002 was passed to govern such cooperatives whose […]
National Overseas Scholarship Scheme
National Overseas Scholarship Scheme: Indians who have been sent abroad to study through the National Overseas Scholarship Scheme have sent their gratitude towards the Indian Government for the scholarship programme. National Overseas Scholarship Scheme is a Central Sector Scheme to facilitate the low income students belonging to the Scheduled Castes, Denotified Nomadic and Semi-Nomadic Tribes, […]
Indigenous People
Indigenous People: At the 15th Conference of Parties (COP15) to the United Nations Convention on Biological Diversity (CBD), a group representing indigenous people stressed that the Post-2020 Global Biodiversity Framework (GBF) must work on respecting, promoting and supporting the rights of indigenous peoples and local communities (IPCL). Members of the International Indigenous Forum on Biodiversity […]
9th World Ayurveda Congress And Arogya Expo 2022
9th World Ayurveda Congress And Arogya Expo 2022: 9th World Ayurveda Congress (WAC) was inaugurated recently at Panaji, Goa. The 9th WAC aims to showcase the efficacy and strength of the AYUSH systems of medicine at the Global level. Objective: To provide a global platform for all the stakeholders, including industry leaders, practitioners, traditional healers, […]
PM SVANidhi Scheme Extended
PM SVANidhi Scheme Extended: The Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme has been extended beyond March, 2022. Provisions for the Extended Scheme: Extension of lending period till December 2024. Introduction of 3rd loan of up to ₹50,000 in addition to 1st & 2nd loans of ₹10,000 and ₹20,000 respectively. Extension of ‘SVANidhi […]
