Archive For November 25, 2017

Mutual relationship,India and Bangladesh

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Bangladesh and India are South Asian neighbours. Relations have been friendly, although sometimes there are border disputes. India was the first country to recognize Bangladesh as a separate and independent state and established diplomatic relations with the country immediately after its independence in December 1971. India’s links with Bangladesh are civilizational, cultural, social and economic….

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Light on pressing problems being faced by metros like Delhi, Mumbai, Chennai, Bangalore and Kolkatta

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Population growth and rapid urbanization are combining to create huge challenges for Indian cities. According to McKinsey, the country’s cities are expected to grow from 340 million people in 2008 to a whopping 590 million in 2030. Nearly 50% of people will reside in Indian cities by 2050. Conditions of Indian cities :- Delhi is…

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Jawaharlal Nehru’s views on science and religion

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Introduction:- Jawaharlal Nehru was the first Prime Minister of India and a central figure in Indian politics before and after independence. He emerged as the paramount leader of the Indian independence movement under the tutelage of Mahatma Gandhi and ruled India from its establishment as an independent nation in 1947 until his death in 1964….

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Kigali Agreement

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A historic global climate deal was reached in Kigali, Rwanda at the Twenty-Eighth Meeting of the Parties to the Montreal Protocol on Substances that Deplete the Ozone Layer (MOP28).The so called Kigali Amendment which amends the 1987 Montreal Protocol aims to phase out Hydrofluorocarbons (HFCs) , a family of potent greenhouse gases by the late…

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Chenani-Nashri Tunnel

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Chenani-Nashri Tunnel, also known as Patnitop Tunnel, is a road tunnel in the Indian state of Jammu and Kashmir on NH 44 (former name NH 1A before renumbering of all national highways). The work was started in 2011 and was inaugurated on 2 April 2017 by Prime minister Mr. Narendra Modi. It is India’s longest…

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PowerTex India

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The Union Ministry of Textiles has launched PowerTex India, a three-year comprehensive scheme for Powerloom Sector Development.The PowerTex India scheme aims to boost common infrastructure and modernisation of the powerloom sector in the country. Key Facts PowerTex India scheme comprises new research and development in power loom textiles, new markets, branding, subsidies and welfare schemes…

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South Asia Sub-regional economic Cooperation (SASEC)

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The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation. Since 2001, SASEC countries have implemented 47 regional projects worth…

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Capital expenditure under the budget of the Government of India

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Under Article 112 of the Constitution of India, the Annual Financial Statement has to distinguish expenditure of the Government on revenue account from other expenditures. Government Budget, therefore, comprises of Revenue Budget and Capital Budget. Capital Budget consists of capital receipts and capital payments. The capital receipts are loans raised by Government from public, called…

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2017 Union budget of India

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It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$ 336.39 billion) budget size. The Finance Minister of India started speech by quoting “Madam Speaker, On this auspicious day of Vasant Panchami, I rise to present the Budget for 2017-18. Spring…

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Read about Demonetization on 8 November 2016

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On 8 November 2016, the Government of India announced the demonetisation of all ₹500 (US$7.80) and ₹1,000 (US$16) banknotes of the Mahatma Gandhi Series.The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.The sudden nature of the…

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Swachhata Status Report

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The Ministry of Statistics and Programme Implementation is an Indian government ministry concerned with coverage and quality aspects of statistics released.The surveys conducted by the Ministry are based on scientific sampling methods. The current head of the ministry is DV Sadananda Gowda. National Sample Survey Office (NSSO) It is responsible for conducting socio-economic surveys. It has…

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What is TPP , TTIP , ASEAN , G4 ?

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The Trans-Pacific Partnership (TPP), or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement, originally signed on 4 February 2016, is being renegotiated after the United States withdrew.The eleven remaining members reached a partial agreement…

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Factors to be considered when calculating GDP of the nation

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Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP per capita does not,…

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Recently the term UPI had been in the news, this is related to:

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Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. UPI is built over Immediate Payment Service (IMPS) for transferring funds….

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Do you know about “Amrut”

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The scheme was launched by Prime Minister Narendra Modi in June 2015 with the focus of the urban renewal projects is to establish infrastructure that could ensure adequate robust sewage networks and water supply for urban transformation. Rajasthan was the first state in the country to submit State Annual Action Plan under Atal Mission for…

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Goods and Service tax network [GSTN]

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Goods and Services Tax Network (GSTN) is a Section 8 (under new companies Act, not for profit companies are governed under section 8), non-Government, private limited company. It was incorporated on March 28, 2013. The Government of India holds 24.5% equity in GSTN and all States of the Indian Union, including NCT of Delhi and…

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With reference to Economic Survey presented by government which of the following statements is/are correct?

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The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry. It is the ministry’s view on the annual economic development of the country. A flagship annual document of the Ministry…

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“Balance of Payments” of the India

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Answer: D The balance of payments, also known as balance of international payments and abbreviated B.O.P., of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year). These…

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National health policy 2017

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Answer: C The National Health Policy of 1983 and the National Health Policy of 2002 have served well in guiding the approach for the health sector in the Five-Year Plans. Now 14 years after the last health policy, the context has changed in four major ways. First, the health priorities are changing. Although maternal and…

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Do you know purpose of “Electoral Bond scheme” which is one of the announcements made in the budget for the FY 2017-18.

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Answer: C Electoral Bond is a financial instrument for making donations to political parties. These are issued by Scheduled Commercial banks upon authorisation from the Central Government to intending donors, but only against cheque and digital payments (it cannot be purchased by paying cash). These bonds shall be redeemable in the designated account of a…

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Which of the following statements is/are correct about “World Conference on Environment 2017”

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Answer: A The World Conference on Environment 2017 concluded on 26 March 2017 in New Delhi. While the two-day long conference was inaugurated by the President Pranab Mukherjee on 25 March 2017, the Union Home Minister Rajnath Singh attended the closing ceremony at the Vigyan Bhawan. Supreme Court Justices, Chief Justices of various High Courts,…

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