Foreign investors pull out Rs 5,920 crore from India in August 2019

Foreign investors pulled out a net amount of Rs 5,920 crore from the Indian capital markets in August 2019. This has happened even as the government announced for the revocation of enhanced super-rich tax on foreign and domestic equity investors imposed in this year’s Budget. As per the latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 17,592.28 crore from equities and pumped in a netRead More


GST collection falls to its lowest in August 2019

Goods and Services Tax (GST) revenues have fallen to a six-month low of ₹98,202 crore in August 2019. But the Average collections of GST in this financial year are still above ₹1.02 lakh crore. The total gross GST revenue collected in the month of August 2019 is ₹98,202 crore out of which CGST is ₹17,733crore, SGST is ₹24,239crore, IGST is ₹48,958 crore and cess is ₹7,273 crore. Also, the totalRead More

INTERIM Union BUDGET 2019 Quiz – Important Questions

 INTERIM Union BUDGET 2019 Quiz – Important Questions   INTERIM Union BUDGET 2019 Quiz – Important Questions. These questions are useful for various competitive examinations in India such as UPSC, SSC, IBPS, Banking, Railways, Insurance, AFCAT, NDA, MBA, Defence, State civil services and others Q1: What amount per year will be given to the farmers under PM-Kisan Scheme? Rs 6000/- Q2: What is the allocated budget for PM-Kisan Scheme forRead More

Why debt-waivers are not the best solution to solve agrarian distress?

UPSC Mains General Studies Paper III Topic: Economy Around 52% of the farming households are in debt as per the NSSO Situation Assessment Survey of Agricultural Households (2013) with interest rates touching as high as 89-92% in some states. The quantum of debt has increased a lot, especially from informal credit sources. Rural agrarian distress has become the elephant in the room and is at the centre of the nationalRead More

Global Innovation Index 2018 – India Ranks 57th

Global Innovation Index 2018   UPSC Mains General Studies Paper II Topic: Social Justice Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources. Download Global Innovation Index 2018 PDF    What is Global Innovation Index 2018? Global Innovation Index is jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO). The Global Innovation Index (GII) 2018 is the 11th edition of theRead More

Jal Marg Vikas Project – Benefits and Concerns

The Jal Marg Vikas Project will facilitate plying of vessels with capacity of 1,500-2,000 tonnes in the Haldia- Varanasi stretch of the River Ganga.
Major works that are being taken up under Jal Marg Vikas Project are the development of fairway, Multi-Modal Terminals, strengthening of river navigation system, conservancy works, modern River Information System (RIS), Digital Global Positioning System (DGPS), night navigation facilities, modern methods of channel marking etc.

Iran Becomes India’s Second biggest Oil Supplier, Replaces Saudi Arabia

Iran becomes India’s second biggest Oil Supplier: Between April 2018 and June 2018, Iran was the second-biggest crude oil supplier to Indian state refiners It replaced Saudi Arabia as the second-biggest oil supplier to Indian state refiners. How did Iran become becomes india’s second biggest Oil Supplier in this period? Thanks to the steeper discounts offered by Iran on the oil, India almost doubled its imports from Iran between April 2018 andRead More

NITI Aayog (National Institution for Transforming India):

NITI Aayog (National Institution for Transforming India): National Institution for Transforming India or NITI Aayog is a policy think-tank of Government of India. It replaces Planning Commission and aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice to the central and the state governments i.e. by adopting bottom-up approach rather than traditional top-down approach as in planning commission. The Prime Minister of India will head the NITI Aayog asRead More

JAN DHAN YOJANA – Financial Inclusion Scheme

Pradhan Mantri Jan-Dhan Yojana (PMJDY) – Financial Inclusion Scheme Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a National Mission for Financial Inclusion to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Under Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme: Account holders will be provided zero-balance bank account with RuPay debit card, in addition to accidental insurance cover of Rs 1 lakh(toRead More

Shanta Kumar Committee Report – FCI restructuring

Shanta Kumar Committee Report – FCI restructuring: Government of India had  set up a High Level Committee (HLC) in August 2014 with Shri Shanta Kumar as the Chairman to suggest restructuring or unbundling of FCI with a view to improve its operational efficiency and financial management.  HLC was also asked to suggest measures for overall improvement in management of foodgrains by FCI; to suggest reorienting the role and functions of FCIRead More