Central government
Cut in Excise Duty on Petrol
The union finance minister recently announced the excise cut on petrol and diesel to contain inflation. She also announced a ₹200 subsidy for those buying LPG cylinders under the PM Ujjwala Yojana scheme. How much excise duty is reduced and ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
Centre to invest Rs 324 crore to expand lab testing infrastructure
42 virology research and diagnostic laboratories will be set up by the Central government. This will be set up under a central scheme during the period of 2021-22 to 2025-26. This project will cost Rs324 crore. Highlights The scheme ..
Month: Current Affairs - July, 2021
Is ‘Disaster Management Act’ related to Extension of Loan Moratorium?
The Supreme Court of India asked the central government to clarify its position on the issue of interest being charged on the installment of loan repayments amid the lockdown. Earlier, by mentioning the power of the center under the Disaster ..
Month: Current Affairs - August, 2020
RBI approves Dividend of Rs 57,000 crore to Government
The Central Board of the Reserve Bank of India has approved the transfer of Rs 57128 crores as the dividend to the Central government for the accounting year 2019-20 while maintaining the contingency risk buffer at 5.5 per cent. What ..
Month: Current Affairs - August, 2020
Supreme Court’s suo motu cognisance of Migrant Workers’ plight
On May 26, 2020, a three-judge bench of the Supreme Court took suo motu cognisance of migrant workers issue and noted that there have been “inadequacies and certain lapses” on the part of the Central and State governments in dealing ..
Month: Current Affairs - May, 2020
SC orders government to grant permanent commission to women army officers
The Delhi High Court in 2010 had ordered the Indian government to provide permanent commission to women officers of the Indian Army. After the Central government challenged the Delhi high court’s ruling in the Supreme Court, the apex court recently ..
Ind-Ra estimates 5.5 Percent GDP Growth Rate for FY 21
The Mumbai headquartered India Ratings and Research (Ind-Ra) has estimated that the gross domestic product (GDP) of India to grow at 5.5 percent in FY21. The rating agency also hoped that the growth would improve in 2021 but the country’s ..
Month: Current Affairs - January, 2020
RBI increases Short-Term FPIs Limit
The Reserve Bank of India (RBI) recently increased the investment limit for FPIs in government and corporate bonds from 20 percent to 30 percent. In two separate notifications released by the banking regulator of India on Thursday, 23rd January 2020, ..
Month: Current Affairs - January, 2020
Startup Advisory Council planned by Government
To further boost startups in the country by removing longstanding roadblocks, the Central Government has planned to set up a Startup Advisory Council comprising of some of the biggest names from the ecosystem of startup technology in India and government ..
Month: Current Affairs - January, 2020
New Energy Performance Standards of BEE effective from 1st January 2020
On 30th October 2019, the Central Government of India after consultation with the agency for developing programs for efficient use and conservation of energy in India, the Bureau of Energy Efficiency under the Ministry of Power has notified new energy ..