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 […]

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 […]

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 […]

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 […]

In News  Recently, the Union Minister for Finance & Corporate Affairs presented the Economic Survey 2021-22 in the Parliament.  What is the Economic Survey? It is an annual document prepared by the Department of Economic Affairs, the Ministry of Finance under the guidance of the Chief Economic Advisor. It is regarded as the official report […]

In News Recently, the Supreme Court collegium has recommended the elevation of Madras High Court Acting Chief Justice (ACJ) Munishwar Nath Bhandari as its Chief Justice. He would take oath after the issuance of a Presidential notification. Constitutional Provisions for Appointment of Judges Judges of the Supreme Court and High Courts are appointed by the […]

In Context The Economic Survey 2021-22 has called for a standardised framework for Cross-Border insolvency as the Insolvency & Bankruptcy Code (IBC). Need The IBC currently does not allow for automatic recognition of any insolvency proceedings in other countries.  The present provisions lead to uncertainty of outcomes of claims for creditors, debtors and other stakeholders […]

In News Neglected tropical disease day is observed every year on 30th January. It was declared in the 74th World Health Assembly (2021). The proposal to recognise the day was floated by the United Arab Emirates. It was adopted unanimously by the delegates. About Definition: NTDs is an umbrella term that refers to 20 medically […]

In News Recently, India and the United Kingdom concluded the first round of discussion for the ambitious Free Trade Agreement (FTA).  About The discussion was conducted over two weeks and included 32 sessions that dealt with 26 policy areas, The discussion spanned over the topics: Customs and trade facilitation,  sanitary and phytosanitary measures,  technical barriers […]

The Hindu Subject Pg No Headlines Relevance for Prelims and Mains   GS 2   1 1,000 people allowed at election meetings (Constitutional Bodies) Election Commission of India, Articles related to Elections, Structure of the Commission, Functions, Importance, Challenges to the independent functioning of the ECI. GS 3 1,10& 12 Survey pegs growth at 8-8.5% in […]