Context:Budget allocation for the Ministry of Minority Affairs was reduced by 38% for the financial year 2023-24 to the year 2022-23. Highlight of Budget Allocation for Minorities Budgetary allocation for the Union Ministry of minority affairs fell from ₹5,020.50 crore in 2022-23 to ₹3,097.60 crore in 2023-24 – a slash of over 38 per cent …
Context: Recently, the Union Minister of Fisheries, Animal Husbandry and Dairying informed Lok Sabha that India is the highest milk producer in the world. Highlight According to production data from the Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), India is the highest milk producer in the world contributing twenty-four per cent of global milk …
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Context: Assam has arrested over 2000 men under the provisions of the POCSO Act and the Prohibition of Child Marriage Act in a state-wide crackdown on child marriages. About the News People who participated in child marriage in the last seven years will be retrospectively booked. The arrests have come against the backdrop of the growing …
Paramahansa Mandali Dadoba Pandurang, Mehtaji Durgaram, and others established the Paramahansa Mandali in Maharashtra in 1849. Its founders had a single-god belief and were primarily motivated by caste restrictions. Members ate food prepared by members of low castes during its sessions. Dadoba outlined seven guiding principles for this new movement in his book Dharma Vivechan: …
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The Hindu Newspaper Analysis for UPSC The Hindu Newspaper Analysis 8 February 2023 The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points (bps) to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to …
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Fiscal Policy Meaning Fiscal Policy refers to the use of government spending and tax policies to affect macroeconomic conditions, particularly employment, inflation, and macroeconomic variables such as aggregate demand for goods and services. These actions are primarily intended to stabilize the economy. To accomplish these macroeconomic objectives, fiscal and monetary policy actions are usually combined. …
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Context of the Article: The Budget 2023 presents a solid roadmap for India’s growth trajectory with guiding principles set around inclusive and sustained growth. Author’s Views on Taxation Tax buoyancy: Formalisation of the economy, implementation of GST, and digitalisation have been major drivers of tax buoyancy — both indirect tax and GST collections. Rationalising tax: …
Rajasthan’s Open Prison Model Background Rajasthan has adopted an open prison model, with convicts staying on community land without high walls or strict surveillance, which has promoted a reformative form of punishment and succeeded in transforming the lives of inmates. About the Open Prison Model of Rajasthan According to the Rajasthan Prisoners’ Open Air Camp …
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Context: Capital markets regulator SEBI (Securities and Exchange Board of India) has issued the operation guidelines for the issuers of green debt securities (green bonds). Major Highlights of the Framework for Green Bonds The need for the framework: It has been issued in the backdrop of growing interest in sustainable finance globally and to align …
Context: The Union Budget 2023-24 has highlighted “Green Growth” as one of the seven priorities for future growth. Key Initiatives Outlined in the Budget towards Green Growth Infrastructure The Government of India (GoI) plans to allocate a significant portion of its budget for green growth towards infrastructure spending through the following: Transitioning to renewables and …
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