OTHER OPTIONS TO LOOK AT AS RBI STOPS 7.75% BONDS
Focus: GS-III Indian Economy Why in news? The Reserve Bank of India (RBI) released a notification last week announcing it was stopping the government of India 7.75% (taxable) bonds, known as the RBI 7.75% bonds. Why were the7.75% bonds stopped? A surge in demand in this relatively high interest rate instrument due to rate cuts […]
CORPORATE TAX CUT A BAD GAMBLE
Focus: GS-III Indian Economy What leads up to Corporate Tax cuts? The Indian economy had been caught in a slowdown even before the pandemic hit. This made the case for a fiscal push even stronger. India’s revenue projection and collection abilities are facing an unprecedented crisis. Gross tax collections in 2019-20 were less than those […]
SPACEX CAPSULE DELIVERS NASA ASTRONAUTS TO ISS
Focus: GS-III Science and Technology, Prelims Why in news? SpaceX delivered two astronauts to the International Space Station for Nasa on 31st May, following up a historic liftoff with an equally smooth docking. Significance It was the first time a privately built and owned spacecraft carried astronauts to the orbiting lab in its nearly 20 […]
SUPPORTER TURNED ANTAGONIST: NEPAL PM
Focus: GS-II International Relations Why in news? With his decision to push through a Constitutional amendment to change Nepal’s official map to include parts of Indian territory that have been in dispute, Nepal Prime Minister K.P. Sharma Oli has rekindled worries of “nationalist politics” that translates in Nepal to an “anti-India” stance. A Supporter in […]
U.S. WILL INVITE INDIA AND RUSSIA AS G7 POSTPONED
Focus: GS-II International Relations Why in news? U.S. President Donald Trump said he would postpone the Group of Seven summit that he wanted to hold in late June and expand the list of countries invited to include Australia, Russia, South Korea and India. Reason for Postponement The U.S. President thinks G7 does not properly represent […]
25th June Current Affairs
Contents Odisha to conserve Bhitarkanika fishing cats RBI supervision of Urban, multi-State cooperative banks RBI slams banks, NBFCs regarding Digital loan agents COVID-19 widened educational divide: UNESCO IMF sees 4.5% contraction for India in 2020-21 Pakistan to remain on FATF grey list ODISHA TO CONSERVE BHITARKANIKA FISHING CATS Focus: GS-III Environment and Ecology, Prelims Why […]
25 June 2020, Current Affairs Quiz
PIB 24th June
Contents Commission to examine Sub-Categorization of OBCs Mali awards contract to NTPC for Solar Park Interest Subvention approved for Shishu Loans: PMMY Animal Husbandry Infrastructure Development Fund Reforms initiated in the Space sector Annual TB Report 2020 New biomolecules to fight drug resistance in Kala- azar COMMISSION TO EXAMINE SUB-CATEGORIZATION OF OBCS Focus: GS-II Social […]