Daily Current Affairs

22nd October – Defence Offsets

Defence Offset Policy Recently, the government diluted the “offset” policy in defence procurement. Many contend that the move is a setback for augmenting domestic capabilities or for realising the goal of Atmanirbhar Bharat. Offset clause – Large buyers of defence equipment and advanced technologies such as India seek to exercise their “buying power” to secure …

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21st October – Bangladesh’s economic rise

Bangladesh’s economic rise is an opportunity for India The International Monetary Fund’s latest World Economic Outlook has triggered much outrage in India. The provocation was the IMF’s prediction that Bangladesh’s per capita GDP will overtake that of India this year. The projected difference is rather small — $1,888 to $1,877 — and unlikely to last …

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Prelims Booster

21st October – Prelims Booster

Fertiliser Subsidy The Centre is working on a plan to restrict the number of fertiliser bags that individual farmers can buy during any cropping season. What is ‘fertiliser subsidy’? Farmers buy fertilisers at MRPs (maximum retail price) below their normal supply-and-demand-based market rates or what it costs to produce/import them. The MRP of neem-coated urea, …

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Prelims Booster

20th October – Prelims Booster

Ayushman Sahakar Fund Union Ministry of Agriculture has launched AYUSHMAN SAHAKAR, a unique scheme to assist cooperatives play an important role in creation of healthcare infrastructure in the country formulated by the apex autonomous development finance institution under the Ministry of Agriculture and Farmers Welfare, the National Cooperative Development Corporation (NCDC). What does it intend …

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20th October – National Green Tribunal

National Green Tribunal This October 18 marked the 10th anniversary of the National Green Tribunal, or NGT. Few ministries can boast of as varied, diverse, and challenging a mandate as the Ministry of Environment and Forests. The downside to this vast and all-encompassing scope, which covers forests, wildlife, environment, climate change and coastal protection, is …

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19th October – Taxing agricultural income

Taxing agricultural income In a white paper on black money released in May 2012, the Central Board of Direct Taxes admitted that: Giving credit to agricultural income for income-tax purposes without verification of claim allows an avenue for bringing black money into the financial system as agricultural income. In 2014, the Tax Administration Reforms Commission …

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17th October – STARS Project

STARS Project How badly India needs to fix the fundamentals of school education is evident from the fact that, while college-admission cut-offs have reached absurdly high levels, learning levels in government-run schools have been declining since 2008, as per ASER. Need to focus on school education – Pedagogy in the country needs to be drastically …

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Prelims Booster

17th October – Prelims Booster

Food and Agriculture Organisation Prime Minister Narendra Modi has released commemorative coins of Rs 75 denomination to mark the 75th anniversary of FAO. He also dedicated to the nation, 17 recently developed biofortified varieties of crops. About Food and Agriculture Organisation – The FAO is a specialised agency of the United Nations. Established in 1945, …

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