Home  /  2022  /  February  /  2

Daily Archives: February 2, 2022

Indian Express

Indian Express Subject  Pg No  Headlines Relevance for Prelims and Mains   GS 2/3 3,9,10,11 12 13 14 15 16 17 18 19 21 Divestment numbers missed, Budget dials down target Budgets big push: govt capital expenditure up 27% over last year Out of the shadow: 30% tax on crypto, RBI to issue its digital currency […]

The Hindu

The Hindu Subject Pg No Headlines Relevance for Prelims and Mains   GS 2/3   1,2,4,5,6,7,8,9, 10 11 12 Union Budget 2022 | Medium Wave FM moots tax on virtual assets 5G services to roll out  in FY23: Sitharaman FM retains tax slabs, allows updated returns Duty tweaks to spur electronics manufacture’ Budget extends more sops […]

Emergency Credit Line Guarantee Scheme (ECLGS)

In News  The Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs has been extended till March 2023 along with an enhanced guarantee cover by Rs 50,000 crore to take the total limit of the scheme to Rs 5 lakh crore from Rs 4.5 lakh earlier. About  ECLGS has provided the much-needed additional credit to more […]

What is Bomb Cyclone?

In News Recently, ‘Bomb cyclone’ hit eastern US triggering transport chaos and outages. What is a Bomb Cyclone? It is used by meteorologists to indicate a mid-latitude cyclone that intensifies rapidly.  It is a massive winter storm hammering the coast, bringing strong winds, flooding, ice and snow.  It is a combination of rapidly declining pressure […]

Special Economic Zones (SEZs)

In News  In a move to enhance exports, the government will rewrite a new law to replace the existing Special Economic zones (SEZ) Act. Objectives and need  The current legislation is over 16 years old and the legislation was framed under different circumstances and a lot has changed since then. Rules are complicated and there […]

PM-DevINE Scheme

In News  A new scheme, Prime Minister’s Development Initiative for North-East( PM-DevINE) was announced by the Union Minister for Finance & Corporate Affairs while presenting the Union Budget 2022-23. About PM-DevINE It will be implemented through the North-Eastern Council.  North-Eastern Council (NEC) is the statutory body established after amending the North-Eastern Council Act, 1971 in […]

Ethanol Blended Petrol (EBP) Programme

In News As per the Economic Survey 2021-2022, the ethanol supply in the country to enable blending with petrol is likely to reach 302 crore litres by the end of Ethanol Supply Year (ESY) 2020-2021. About The government has been promoting the use of ethanol as a blend stock with main automotive fuel like petrol […]

Digital Rupee: Central Bank Digital Currency (CBDC)

In News In the 2022 Budget, the Finance Minister announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards. About Central Bank Digital Currency (CBDC) Definition: CBDC is a legal tender issued by a central bank in a digital form.  It is sovereign currency in an electronic form […]

Highlights of the Union budget 2022-23

In News Recently, Finance minister Nirmala Sitharaman on February 1 presented a budget worth Rs 39.45 lakh crore with massive push to infrastructure spending. Union Budget of India According to Article 112 of the Indian Constitution, the annual financial statement of a year is a statement of the estimated receipts and expenditure of the government […]

Reverse Repo Normalisation

In Context  State Bank of India believes the stage is set for a Reverse Repo Normalisation in India. What is reverse repo and how does it fit into policy normalisation? Repo Rate: The (fixed) interest rate at which the Reserve Bank provides overnight liquidity to banks against the collateral of government and other approved securities […]