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Daily Archives: February 2, 2023

Indian Express

Indian Express Subject  Pg No  Headlines Relevance for Prelims and Mains   GS 3   5, 12,14& 15   Her balancing act:won’t tax ,will spend  How cuts in spending, key schemes helped rein in fiscal deficit Economy on right track; to grow at 7% in FY23: FM Renewed thrust on capex: Outlay hiked 33% to Rs […]

The Hindu

The Hindu Subject Pg No Headlines Relevance for Prelims and Mains   GS 3   1& 10 Pollticks  PMAY share rises by 66%, with more focus on Tier 2 and 3 cities Zero tax for annual income up to ?7 lakh under new scheme  A Budget that signals growth with stability (Economy) Know about the highlights […]

India-US: The High Tech Boost

In News India and the United States elevated their strategic partnership with the launch of an initiative on Critical and Emerging Technology or iCET. Initiative on Critical and Emerging Technologies (iCET) About: The iCET involves collaboration in a range of areas including  Quantum computing,  Semiconductors,  5G and 6G wireless infrastructure, and  Civilian space projects such […]

Reverse-flipping

Context Economic Survey 2022-23 states that Indian start-up companies are looking at ‘reverse flipping’. What is Reverse-flipping Flipping is the process of transferring entire ownership of an Indian company to an overseas entity. It is generally accompanied by a transfer of all intellectual property and data owned by an Indian company. Reverse Flipping is the […]

Amrit Bharat Station Scheme

In Context Recently, 15 railway stations under the Ambala Railway Division were selected to be developed under the Amrit Bharat Station Scheme. The Union Ministry of Railways launched Amrit Bharat Station Scheme in December 2022 to modernize over 1,000 small stations over the coming years. Amrit Bharat Station Scheme About: The scheme envisages the development […]

Judicial Majoritarianism

In News As the recent majority judgment of the Supreme Court on demonetisation comes under criticism, the minority judgment by J. Nagarathna is being hailed for its challenge to the RBI’s institutional acquiescence to the Central government. About judicial majoritarianism As opposed to standard matters heard by Division Benches consisting of two judges, numerical majorities […]

Three-Capital Plan of Andhra Pradesh

In News Andhra Pradesh CM has said Vishakhapatnam will be the new capital of the state. About Andhra Pradesh needs a new capital since Hyderabad, the capital of undivided Andhra is now with Telangana. The two states have been sharing the capital temporarily. Andhra Pradesh Capital Region Development Authority (APCRDA) Act, 2014 has been scrapped […]

Key Highlights: Budget 2023-24

In News Recently, the Union Finance Minister presented the Budget in Parliament. Seven priorities of the budget or ‘Saptarishi’ are:  Inclusive development,  Reaching the last mile,  Infrastructure and investment,  Unleashing the potential,  Green growth,  Youth power and  Financial sector. Budget highlights Agriculture: Atmanirbhar Clean Plant Program  The program to be launched to boost availability of […]

Lab-Grown Diamonds

In News Finance Minister Nirmala Sitharaman announced in the budget 2023-24, the government’s proposal to focus on lab-grown diamonds by reducing the Customs duty on the seeds used in lab-grown diamond manufacturing. FM also announced a grant to IITs to facilitate the growth of Lab-Grown Diamonds in India. This will encourage the indigenous production of […]

India-UAE CEPA

In News Recently, the Prime Minister of India recognized the valued utilization of India-UAE CEPA by Indian Exporters. Comprehensive Economic Cooperation Agreement (CEPA) CEPA is a comprehensive agreement between India and the United Arab Emirates that seeks to enhance the economic and commercial ties between the two countries. The agreement aims to increase trade and […]