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Telecom Sector AGR issue and latest Supreme Court Order on AGR

Question? The Government of India has constituted a Committee of Secretaries (CoS) to look for a relief package for the distressed telecom sector. Who is the head of this committee? The Supreme Court Order The Supreme Court on 14th February 2020 pulled up mobile service operators and the department of telecommunications (DoT) for failing to […]

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SAIL to be privatised

The government is planning to sell 5% stake in Steel Authority of India Ltd (SAIL) through an offer for sale, which could fetch about ₹1,000 crore . SAIL is a Maharatna company – it enjoys significant operational and financial autonomy The Maharatnas Bharat Heavy Electricals Limited (BHEL) Coal India Limited Gas authority of India limited […]

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Fiscal Health of Delhi Government

SUBSIDISED SCHEMES RUN BY DELHI GOVERNMENT • Free bus rides for women in Delhi. • Subsidy for those using less than 400 units of electricity. • Free water for families that use less than 20,000 litres a month. • Free treatment, medicines and test facilities in nearly 200 mohalla clinics. But the maximum stress of […]

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Cooperative Banks Now Under RBI’s Watch

Cooperative bank is governed by both banking and cooperative legislation, as they are registered under the Cooperative Society Act, 1965 And regulated by National Bank for Agriculture and Rural Development (NABARD) & Reserve Bank of India (RBI). Banking laws were made applicable to cooperative societies in 1966 through an amendment to the Banking Regulation Act, […]

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India set to mine Uranium ore from Rohili mines in Rajasthan

Rohil Rajasthan Uranium Mines The Department of Atomic Energy (DAE) is all set to start the country’s fourth uranium ore project. Mining of Uranium ore from Rohili mines in Rajasthan • DAE’s Atomic Minerals Directorate for Exploration and Research (AMDER) continues to carry out extensive radiometric, geochemical and geophysical surveys across India to scour for […]

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6th Monetary Policy of RBI

Repo Rate Repo rate also known as the benchmark interest rate is the rate at which the RBI lends money to the banks for a short term. When the repo rate decreases, borrowing from RBI becomes cheaper. After the rate cut, EMIs on home loans and other loans will come down significantly. Reverse repo rate […]

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15th Finance Commission Report

The Finance Commission and its purpose Article 280 of the Constitution requires that a Finance Commission be constituted. To recommend the distribution of the net proceeds of taxes between the Center and states, and among the states. The formula for sharing revenues is decided by the Finance Commission every five years. This time, however, the […]

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Krishi UDAN and Kisan Rail schemes

Finance Minister Nirmala Sitharaman in her budget speech spoke about giving a boost to farmers’ welfare via Krishi UDAN and Kisan Rail schemes The government is aiming to double the income of farmers by 2022 and these schemes are part of the same initiative. India’s food storage and transport problem India is the second largest […]

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Privatisation of LIC

Finance Minister Nirmala Sitharaman announced in her Budget 2020 speech that the government will sell a part of its holding in Life Insurance Corporation of India (LIC) through an initial public offering (IPO). – The Parliament of India passedthe Life Insurance of India Act on 19 June 1956 creating the Life Insurance Corporation of India, […]

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Current Affairs Finance India News Politics

Details Analysis of Union Budget 2020

Nirmala Sitharaman -First Full time female finance minster.The longest budget speech at 2 hours and 41 minutes. (still she could not complete it due to ill health).The word “Budget” originates from the French “bougette” or leather bag. The theme of Budget “Ease of Living” The budget is woven around three prominent themes: 1.Aspirational Indiain which […]