Daily Current Affairs – 2 February, 2023

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

In News The Delhi High Court has stayed proceedings under the Protection of Women against Domestic Violence Act in a case where a man moved a local court accusing his wife of adultery, taking a prima facie view that protection under the DV Act is not available to the husband. What is Domestic Violence? Domestic […]