Online Tests for Civil Services Prelims-2020
Centre Gives Options to Cover Shortfall in GST Revenues of States
The central government wrote August 29 to states suggesting options of borrowing money to make up for the Rs 2.35 lakh crore shortfall in GST revenues expected in the ongoing fiscal. Two days after first suggesting to states to borrow money to make up for the shortfall at the GST Council meeting, the finance ministry […]
Issue of Retention of GST
The issue A CAG report had pointed out that there was short crediting of the GST cess collected by the central government totalling ₹47,272 crore tantamount diversion of the funds. The government’s statutory auditor had said in the financial audit report for FY19 tabled in Parliament that there was short crediting of the GST compensation […]
Know the three bills on agriculture passed by parliament in the recent Monsoon Session
The three farm reform bills passed by the Indian Parliament include: The Farmers’ Produce Trade And Commerce (Promotion And Facilitation) Bill The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, and The Essential Commodities (Amendment) Bill The bills after passing have become acts. The Farmers’ Produce Trade and Commerce (Promotion and […]
A brief note on Art and Architecture of Ancient and Early Medieval Era in India
Indus Valley Civilization In Sumerian documents the Indus valley people are referred to as Meluhhaites and the Indus valley is called Meluhha. The Indus Civilization had a writing system which today still remains a mystery: all attempts to decipher it have failed. Examples of this writing system have been found in pottery, amulets, carved stamp seals, and even in […]
Belarus Crisis and Protests: Slipper Revolution and the Anti-Cockroach Revolution
Tens of thousands of Belarusians calling for the authoritarian President to resign marched through the capital on September 20 as the country’s wave of protests entered its seventh week. Hundreds of soldiers blocked off the center of Minsk, deploying water cannons and armored personnel carriers and erecting barbed wire barriers. Protests also took place in […]
Yoshihide Suga: Japan’s New Prime Minister
While Japan, the third largest economy is grappling with the Covid-19 pandemic and facing its biggest economic slump on record and has postponed Tokyo Olympics Japan’s new Prime Minister, Yoshihide Suga takes over the Charge. On 28 August 2020, Japanese Prime Minister Shinzō Abe announced his intention to resign due to his deteriorating health. On 14 September, Yoshihide Suga was elected as the […]
Understanding Afghan Problem and the Peace Process
Ouster of Nazibullah Government Afghanistan has been a problem state for last many decades. The period beginning 28 April 1992, the day that a new interim Afghan government was supposed to replace the Republic of Afghanistan of President Mohammad Najibullah could be traced as the beginning of the present problem. After Nazibullah government was ousted, an interim government could not be […]
US Election: The Contenders and major themes
The United States will hold its 59th presidential election on November 3, 2020. Incumbent President Donald Trump (R) is running for re-election. The winner of the 2020 presidential election will be sworn into office on January 20, 2021. The presidential primaries and caucuses were held between February and August 2020, staggered among the 50 states, Washington, D.C., and […]
Centre Gives Options to Cover Shortfall in GST Revenues of States
The central government wrote August 29 to states suggesting options of borrowing money to make up for the Rs 2.35 lakh crore shortfall in GST revenues expected in the ongoing fiscal. Two days after first suggesting to states to borrow money to make up for the shortfall at the GST Council meeting, the finance ministry […]
Issue of Retention of GST
The issue A CAG report had pointed out that there was short crediting of the GST cess collected by the central government totalling ₹47,272 crore tantamount diversion of the funds. The government’s statutory auditor had said in the financial audit report for FY19 tabled in Parliament that there was short crediting of the GST compensation […]
How August 2020 Monetary Policy of India Addresses the Challenges of Recession and Covid shock
When we see the latest monetary policy of the RBI, it needs to be appreciated in the light of the problems facing the economy due to somber growth prospects of the global economy as well as the impact of the Covid shock. The central banking is facing an unprecedented challenge globally and it is at […]
Two far reaching bills on Agriculture passed
On September 20, Rajya Sabha passed by voice vote the Farmers’ and Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020 amid protest by Opposition MPs. The stated objective of passing of these two farm bills is giving marketing freedom to […]