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ARTICLES

ARTICLES

ARTICLES

Why in news?Cabinet approved the proposal for establishment of Rashtriya Kamdhenu Aayog for Conservation, protection and development of cows and their progeny. Consequently, the Ministry of Agriculture and Farmers Welfare constituted an apex advisory body, Rashtriya Kamdhenu Aayog in February 2019.The Ministry of Agriculture and Farmers Welfare constituted an apex advisory body, Rashtriya Kamdhenu Aayog in February 2019. What are the objectives of the body set up?The A... Read More...

  Aug 06, 2020   Economy

What are the prerequisites of cashless economy?Access to financial servicesMacroeconomic (EODB, like large informal economy in India), cultural factors (awareness, digital literacy)Scale and competition in digital payments and FinTechTechnology and infrastructureCashless or less cash economyArguments in ‘Curse of cash’ book by Keeneth rogoff in favour of less cash economy: Read More...

  Aug 06, 2020   Economy

What is Operation Twist?Under 'Operation Twist' the RBI buys long-term bonds and sells short-term government securities (G-Secs) simultaneously. A conventional Operation Twist involves a central bank buying and selling securities of the same amounts.Idea Behind Operation Twist1.   India's economy is reeling under pressure due to a slew of factors including a slump in demand and lower consumption. The central bank has cut 135 basis points throughout the year, but has achieved little in terms of boosting demand. Read More...

  Aug 06, 2020   Economy

Why in news?A nine-judge Bench of the Supreme Court has dismissed a petition seeking a review of its 1993 verdict in the so-called Second Judges Case, which is widely understood to be instrumental in establishing the collegium system of appointing judges in India’s higher judiciary.The plea to review the verdict in the Supreme Court Advocates-on-Record Association and Another vs Union of India case was dismissed on grounds of an “inordinate delay of 9,071 days in filing the… petition, for whic... Read More...

  Aug 06, 2020   Polity

Why in news?The Gujarat Control of Terrorism and Organised Crime Bill (GCTOC) has now become law after it received President Ram Nath Kovind’s assent, 16 years after its first version was passed by the Gujarat Assembly. What are the broad provisions under the law?Under this Act, confessions before the police are admissible as evidence and the investigation period or the period of filing an FIR has been extended from 90 to 180 days.The new law defines a terrorist act ... Read More...

  Aug 06, 2020   Polity

Context- Nearly 32,000 Brus living in Tripura camps since 1997 have been affected after the government decided to stop food supplies and cash dole.The Tripura government announced that it would restore food supplies, leading to the Brus withdrawing a road blockade they had set up for eight days. The restoration of supplies, however, is only until a deadline of November 30, within which the Brus have to decide whether they will accept a package for repatriation to Mizoram. Who are the Brus? Read More...

  Aug 06, 2020   Polity

Good Governance Index: What is all about? Launched on Good Governance Day, December 25, by Government of India.The Good Governance Index is a uniform tool across States to assess the Status of Governance and impact of various interventions taken up by the State Government and UTs.The GGI takes into consideration ten sectors: 1). Agriculture and Allied Sectors, 2). Commerce & Industries, 3). Human Resource Development, 4). Public Health, 5). Public Infrastructure & Utilities, 6). Economic Governance, 7). Social Welfare & Develop... Read More...

  Aug 06, 2020   Polity

What is aim of Bharat Bond ETF?Bharat Bond Exchange Traded Fund (ETF) aims to create an additional source of funding for Central Public Sector Undertakings (CPSUs) Central Public Sector Enterprises (CPSEs), Central Public Financial Institutions (CPFIs) and other Government organizations.  Bharat Bond ETF would be the first corporate Bond ETF in the country. What are ETFs? Over the years, ETFs have become a popular investment vehicle for investors, allowing them to invest in a diverse collection of assets. When... Read More...

  Aug 06, 2020   Economy

Why in news?Economist and Former PM Manmohan Singh has cautioned that while India is not yet in stagflation territory, it would be prudent to watch out for increased risks of such an event occurring. According to him the citizenry’s distrust in institutions and lack of confidence in the government have caused a prolonged slowdown. What is the stagflation phenomenon?A combination of simultaneously rising inflation and unemployment along with decline in economic growth is called stagflation. The term was coined by Pau... Read More...

  Aug 06, 2020   Economy

What is news?Government think tank NITI Aayog released a report ‘Health Systems for a New India: Building Blocks—Potential Pathways to Reforms’. The report has drawn from best practices of countries as diverse as Cambodia, Thailand, China, Russia, UK, US among the others for India to learn from.With insights to transform the Indian health system in the twenty-first century, the report presents a preliminary menu of strategic choices available before India to reform its healthcare system. What are key areas which NITI AYOG ... Read More...

  Aug 06, 2020   Economy

What is FSR all about? Financial stability is now one of the three important objectives of monetary policy besides price stability and credit support. The RBI since 2010 is publishing India Financial Stability Report, biannually, to assess financial stability scenario in the country. The FSR reflects the collective assessment on risks to financial stability and the resilience of the financial system of India. The Report also discusses issues relating to development and regulation of the financial sector.  Read More...

  Aug 06, 2020   Economy

Why in news?The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for conducting Census of India 2021 at a cost of Rs. 8,754.23 crore and updation of National Population Register (NPR) at a cost of Rs. 3,941.35 crore. What is the census?Census is nothing but a process of collecting, compiling, analyzing, evaluating, publishing and disseminating statistical data regarding the population. It covers demographic, social and economic ... Read More...

  Aug 06, 2020   Polity

Why in news?The passing of the Citizenship Amendment Act, 2019 has set off protests across the country, with many fearing that the controversial legislation which grants to select minorities from Pakistan, Afghanistan and Bangladesh Indian citizenship will be used in conjunction with the National Register of Citizens (NRC) to deem minorities as "illegal immigrants".The NRC first gained national prominence with its implementation in the northeastern state of Assam, but the citizens' registry is fuelling fear and panic in the nation. Read More...

  Aug 06, 2020   Polity

Why in news?The Union Cabinet on Tuesday approved a proposal to conduct Census 2021 and update the National Population Register (NPR). While the Census will be conducted in 2021, the NPR update will take place from April to September 2020 in all the States/UTs except Assam. According to sources, the Union Cabinet has approved a proposal of the Home Ministry to spend Rs 8,754 crore for the Census 2021 and Rs 3,941 crore for updating the NPR.What is NPR?The NPR exercise ... Read More...

  Aug 06, 2020   Polity

Q. Why is this in news?A. In the current kharif season, farmers would undertake mass sowing of GM seeds for maize, soybean, mustard brinjal and herbicide tolerant (Ht) cotton, although these are not approved. So, in this regard, Shetkari Sanghatana a farmers union has announced fresh plans in its agitation for use of genetically modified seeds.Q. What is the movement about?• The Sanghatana has announced that this year they are going to undertake large-scale sowing of unapproved GM crops... Read More...

  Aug 06, 2020   Current Affairs

Q. What is G7?A. The G7, originally G8, was set up in 1975 as an informal forum bringing together the leaders of the world’s leading industrial nations.The summit gathers leaders from the European Union (EU) and the following countries: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.Q. How did G7 become G8?A. Russia was formally inducted as a member in the g... Read More...

  Aug 06, 2020   Current Affairs

What is the objective of the Act?The 2015, Act, the objective is to make litigation less cumbersome and expeditious especially related to Commercial Disputes. The Bill brings down the specified value of a commercial dispute to 3 Lakhs from the present one crore. Therefore, commercial disputes of a reasonable value can be decided by commercial courts. This would bring down the time taken (presently 1445 days) in resolution of commercial disputes of lesser value and thus further improve India's ranking in the Ease of Doing Business. Read More...

  Aug 05, 2020   Polity

Discuss the purpose of Nirbhaya Fund with example(s). 1. Government of India has set up a dedicated fund called Nirbhaya Fund in 2013 for implementation of initiatives aimed at enhancing the safety and security of women in the country. 2. Under the Nirbhaya Fund, the proposed projects should have the features like direct impact on safety and security concerns of women and promote optimum use of existing infrastructure and innovative use of technology. 3. The Fund is administered by Department of Economic Affairs of the finance ministry.  Read More...

  Aug 05, 2020   Economy

Discuss Diamond Quadrilateral Bullet Train Network Project. Also mention the progress in the project so far. 1. In the Railway Budget 2014-15, it was announced to undertake planning of high speed rail connectivity on Diamond Quadrilateral network connecting major metros and growth centres of the country. 2. Accordingly, Ministry of Railways has undertaken feasibility studies for some routes namely Delhi-Mumbai, Delhi-Kolkata, Mumbai-Chennai, Mumbai-Nagpur and Chennai-Bengaluru-Mysuru. 3. However, being highly capital inte... Read More...

  Aug 05, 2020   Economy

What are Integrated Textile Parks? Why there are delays in creation of such parks? 1. The Government is implementing the Scheme for Integrated Textile Park (SITP) which provides support for creation of world-class infrastructure facilities for setting up of textile units. 2. The parks have Government of India (GoI) grant up to 40% of the project cost subject to a ceiling of Rs. 40 crore. 3. However, GoI grant is up to 90% of the project cost for first two projects (each) in the States of Arunachal Pradesh, Assam, Manipur,... Read More...

  Aug 05, 2020   Economy