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Ceasefire Agreements Along The Line Of Control (LoC)

Ceasefire Agreements Along The Line Of Control: India and Pakistan have agreed to observe the 2003 ceasefire agreements along the Line of Control (LoC) and all other sectors. The agreement comes in the wake of over 5000 instances of CrossFire Violations (CFVs) along the Line of Control (LoC) and other areas in Jammu and Kashmir, […]

Hotline between India and China : What is a Hotline?

India and China announced that both have agreed to establish a Hotline: Hotline: The decision to install a Hotline between the two countries was taken over a telephonic meeting between India’s External Affairs Minister and China’s Foreign Affairs Minister. The hotline is a direct telephone line in constant operational readiness so as to facilitate immediate […]

Second Advance Estimates Of National Income 2020-21

Second Advance Estimates Of National Income, 2020-21: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2020-21 at Constant (2011-12) and Current Prices. The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 2019-20. GDP at Current […]

Competition Commission Of India : Regional Office (South) in Chennai

Competition Commission of India (CCI): Union Minister for Finance and Corporate Affairs inaugurated the Competition Commission of India’s (CCI) Regional Office (South) in Chennai. Status: A statutory body established under the provisions of The Competition Act, 2002. Established in: 2003. A Chairperson and 6 Members appointed by the Central Government. Headquarters: New Delhi. Preceding agency: […]

E-Daakhil Portal : Highlights

E-Daakhil Portal: E-Daakhil portal for Consumer grievance redressal is now operational in 15 States/UTs. Department of Consumer Affairs is now proactively following up with the states to launch e-filing portal at their ends. E-filing was launched by National Consumer Dispute Redressal Commission (NCDRC) on 7th September 2020. Delhi was the first state to implement it […]

What Is Inflation Targeting?

Inflation Targeting: The Reserve Bank of India (RBI) in its Currency and Finance (RCF) report for the year 2020-21 has said that the current inflation target band (4% +/-2%) is appropriate for the next 5 years. Inflation Targeting: It is a central banking policy that revolves around adjusting monetary policy to achieve a specified annual […]

Genetically Modified Organisms (GMO) : 1% Threshold

1% Threshold For Genetically Modified Organisms (GMO): The Food Safety and Standards Authority of India (FSSAI) in a recent order has set 1% threshold for Genetically Modified Organisms (GMO) in food crops imported into India. Earlier in August 2020, FSSAI had issued the order that 24 food crops the country imports would need a ‘non-GM-origin-cum-GM-free […]