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Scheme Of Assistance To National Sports Federations (NSFs)

Scheme Of Assistance To National Sports Federations (NSFs):   The Union Government has approved continuation of Scheme of Assistance to National Sports Federations (NSFs) with an outlay of Rs. 1575 crore for XV Finance Commission Cycle (2021-22 to 2025-26). The Scheme of Assistance to NSFs is the flagship Central Sector Scheme. It is the main […]

India-Russia Cooperation At The UNSC

India-Russia Cooperation At The UNSC:   The Bilateral consultations on United Nations related issues were held between India and Russia in New Delhi. Russia is set to assume the presidency of the UN Security Council in February, 2022. The discussion came in the backdrop of tensions between Russia and Ukraine over possible eastward expansion by […]

India’s First Graphene Innovation Centre

Country’s First Graphene Innovation Centre:   The Kerala government announced that the country’s first Graphene Innovation Centre would come up in Thrissur, Kerala. It is a joint venture of Digital University of Kerala, Centre for Materials for Electronics Technology (C-MET) and Tata Steel Limited. Earlier in 2020, the researchers from the City University of Hong […]

Winter Olympics 2022

Winter Olympics:   The Russian President, Pakistan Prime Minister and five Presidents from Central Asia will reach China for the opening of the Winter Olympics. The Russian President will discuss the ongoing crisis with Ukraine with the Chinese President. China has close relations with Russia but has been largely silent on the crisis in Ukraine […]

Safforn Bowl Project

Safforn Bowl Project:   Union Minister of State (Independent Charge) of the Ministry of Science and Technology and Earth Sciences, Dr. Jitendra Singh informed Lok Sabha about the Safforn Bowl Project. North East Centre for Technology Application and Reach (NECTAR) under Saffron Bowl project has identified few locations in Arunachal Pradesh and Meghalaya for saffron […]

Emergency Credit Line Guarantee Scheme (ECLGS)

Emergency Credit Line Guarantee Scheme (ECLGS):   The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore, Finance Minister Nirmala Sitharaman said in her budget presentation. An additional guarantee amount of Rs 50,000 crore has been announced for the […]

Retrospective Amendment To The Income-Tax Act

Retrospective Amendment To The Income-Tax Act:   The Union Budget 2022-23 brought in some amendments to the Income Tax Act that would be effective retrospectively. Making a retrospective amendment to the Income-tax Act from 2005-06, the Budget has clarified that cess and surcharge will not be allowed to be claimed as deductions in the form […]

What Is Coal Gasification?

What Is Coal Gasification?   The Delhi-based non-profit, Centre for Science and Environment (CSE), has raised concerns about the Union Government’s announcement on coal gasification projects in the Budget 2022-23. The budget proposed four pilot projects for coal gasification and conversion of coal into chemicals required for the industry. According to CSE, the process of […]