General Anti-avoidance Rule (GAAR)

Recently, the Department of Revenue under the Ministry of Finance started investigations under the General Anti-avoidance Rule (GAAR) into firms misusing the law. Many firms have been using creative methods to avoid paying taxes to the government. What is General ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Power Ministry Scheme to liquidate DISCOM Dues

The Ministry of Power recently announced that it is working on a scheme to liquidate the dues of power distribution companies (discoms). What are the key details of the scheme? The proposed scheme aims to provide relief to the power ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Current Affairs- Today’s Headlines: May 29, 2022

Here are Today’s News Headlines by GK Today for May 29, 2022. INDIA – 17th Mumbai International Film Festival (MIFF) from May 29 to June 4; Bangladesh made ‘Country of Focus’ – Gujarat: PM inaugurates Nano Urea Liquid Plant constructed ..

Month: Current Affairs - May, 2022

Tamil Nadu: Housing Units built with Precast system

Prime Minister Narendra Modi inaugurated 1,152 housing units situated in Perumbakkam that were built using precast system. What are the key details of the project? The 1,152 housing units were inaugurated in the Tamil Nadu Urban Habitat Development Board (TNUHDB) ..

Month: Current Affairs - May, 2022

Category: India Nation & States Current Affairs

INS Nirdeshak

INS Nirdeshak, the second ship out of the Indian Navy’s four Survey Vessels (Large) (SVL) projects, being built by Garden Reach Shipbuilders and Engineers (GRSE) in association with L&T shipbuilding has been launched at Kattupalli, Chennai. What are the features ..

Month: Current Affairs - May, 2022

Category: Defence Current Affairs

RBI Norms for Setting Up of Bharat Bill Payment Operating Units

The Reserve Bank of India has eased the norms for non-bank entities for setting up Bharat Bill Payment operating units by reducing the net worth that is required to Rs 25 crore. This was done with the aim of encouraging ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

Reconstitution of Central Advisory Board on Archaeology

The Central Advisory Board on Archaeology (CABA), which was formed was formed 7-years ago to boost the ties between the people who are working in the field of archaeological research and the Archaeological Survey of India (ASI) has been re-established. ..

Month: Current Affairs - May, 2022

Category: Art & Culture Current Affairs • India Nation & States Current Affairs

RBI norms for import of Gold

The Reserve Bank of India (RBI) introduced norms for facilitating the physical import of gold through India International Bullion Exchange (IIBX) or any authorized exchange by Qualified Jewellers in India. The exchange should be authorized by the International Financial Services ..

Month: Current Affairs - May, 2022

Category: Economy & Banking Current Affairs

National Achievement Survey 2021 report

The National Achievement Survey 2021 report was released by the Union Ministry of Education. What is National Achievement Survey? National Achievement Survey (NAS) is a national-level assessment survey conducted to evaluate the progress and learning achievement of school students. It ..

Month: Current Affairs - May, 2022

Category: Reports & Indexes Current Affairs

State of Global Climate Report 2021

The State of the Global Climate Report 2021 has been released by the World Meteorological Organization (WMO). According to the report, four key climate change indicators which are sea-level rise, greenhouse gas concentrations, ocean acidification, and ocean heat set new ..

Month: Current Affairs - May, 2022

Category: Environment Current Affairs • Reports & Indexes Current Affairs