Current affairs

Disaster Mitigation Projects in India

Context: The Union Home Minister Amit Shah led a committee convened to review disaster mitigation projects. More in News The committee sanctioned several projects aimed at mitigating and preventing natural disasters including urban flooding and glacial lake outbursts. Funding Approval:...

Editorial of the Day (26 July): India’s Illegal Coal Mining Problem

Context: Three workers died of asphyxiation in an illegal coal mine in Surendranagar, Gujarat. Similar Incidents Dhanbad, Jharkhand (June 2023): A mine collapse killed three people, including a ten-year-old child, emphasising the recurring danger of illegal mining activities. Paschim Bardhaman,...

Kargil Vijay Diwas 2024, Date, History and Significance

Kargil Vijay Diwas, observed annually on July 26, is a significant day in Indian history that honours the bravery and sacrifices of the Indian soldiers who fought in the Kargil War of 1999. As we approach the 25th anniversary of...

Current Affairs 25th July 2024 for UPSC Prelims Exam

Central Drugs Standard Control Organization (CDSCO) Context: The CDSCO disapproved of cough syrup from various pharmaceutical companies. About the Central Drugs Standard Control Organization (CDSCO) The CDSCO is the National Regulatory Authority (NRA) for India's medical devices sector as stipulated...

Editorial of the Day (25 July): Urban Transformation Strategies

Context: The recent budget recognized cities as critical hubs for growth and outlined multiple initiatives aimed at their planned development. Facts Population in Indian Cities: Approximately 50 crore people (36% of the national population). Urban Population Growth Rate: Annual rate...

DMH-11 Genetically Modified Mustard

Context: The Supreme Court ruled against approval of the commercial sale and release of genetically modified mustard in India. DMH-11- A Genetically Modified Mustard Dhara Mustard Hybrid-11 (DMH-11) is a domestically developed transgenic mustard known as a Herbicide Tolerant (HT)...

India’s Defence Budget 2024, Highlights and Comparison with China

In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

Centre allocates ₹1000Cr venture fund to boost Space Economy in India

Context: In the recent Budget 2024, the Finance minister announced Rs.1000 crore venture capital to fund the space economy. Space Economy The space economy refers to the broad range of activities and the use of resources that create value and...

Capital Gain Tax, Key Changes in Budget 2024 and Indexation

Investors often focus on the returns from their investments, but understanding the tax implications of those returns is equally important. Capital gain tax, which applies to the profit earned from the sale of assets, comes in two forms: long-term capital...

What is Angel Tax? Key Features and Abolition of Angel Tax

Finance Minister Nirmala Sitharman scrapped the angel tax in a bid to strengthen the startup ecosystem and to support innovation in the country. Know all about Angel tax in this article. What is Angel Tax? The angel tax, formally known...