In News February 24th is the third anniversary of the launch of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme. PM Kisan About: The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme is a Central Sector Direct Benefit Transfer (DBT) Scheme. Launch: The scheme was launched on 24th of February 2019 (made effective from December 2018) to […]
In News The government informed the Supreme Court that 18,000 crore was confiscated under the Prevention of Money Laundering Act (PMLA) from fugitive businessman Vijay Mallya, Nirav Modi and Mehul Choksi, and returned to banks. What is Money Laundering? It is the process of making large amounts of money generated by criminal activity, such as […]
In News An FIR has been registered against three Mumbai Police officials for allegedly threatening Angadias and extorting money from them in south Mumbai. About Angadia system It is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for […]
In News The 25th meeting of the Financial Stability and Development Council (FSDC) was held in Mumbai, under the Chairpersonship of Union Finance Minister Smt. Nirmala Sitharaman. The Council deliberated on the various mandates of the FSDC and major macro-financial challenges arising in view of global and domestic developments. About Financial Stability and Development Council […]
In News About NDC-TIA Project Need Nationally Determined Contributions-Transport Initiative for Asia (NDC-TIA) Project Significance Image Courtesy: Energy Post Decarbonizing the Indian Transport Sector Challenges Way Ahead Sources: PIB
In Context Astronomical observations suggest a significant part of the universe is made up of dark matter which interacts with the rest of the universe only through the gravitational pull. What is Dark Matter? Dark matter, though never detected, is believed to be present in the entire universe. Its existence is presumed because a number […]
In News The sales of Non-Fungible Token(NFTs )surged $25 billion in 2021 as the crypto asset exploded in popularity, fuelled by the rising interest of celebrities and tech evangelists. What is a Non-Fungible Token(NFT)? It is a unit of data that is stored on a digital ledger (blockchain) and can be sold and traded. NFT […]
In News The Union Environment Minister announced the notification of the new Plastic Waste Management (Amendment) Rules, 2022. Major Highlights The guidelines on EPR(Extended Producer Responsibility) coupled with the prohibition of identified single-use plastic items, which have low utility and high littering potential, with effect from 1st July 2022. EPR(Extended Producer Responsibility) means the responsibility […]
In News Recently, for the first time, astronomers of the National Centre of Radio Astrophysics (NCRA-TIFR) in Pune and the University of California in the U.S. have used the Giant Metrewave Radio Telescope (GMRT) to map the distribution of atomic hydrogen gas from the host galaxy of a fast radio burst (FRB). Fast Radio Burst […]
In News Recently the Finance Minister called for debate to undertake course correction in the indirect tax regime (GST). About The recent rollback of the Goods and Services Tax (GST) rate ‘corrections’ on textiles will hurt the Production-Linked Incentives (PLI) scheme for the sector, the Union Finance Minister said. Current issue: GST rate structure remained […]
8081300200
Live/Online Class