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Why in News? A few political parties are promising to restore to the Old Pension Scheme in some states. What is the Old Pension Scheme? About: The scheme assures life-long income, post-retirement. Under the old scheme, employees get a pension under a pre-determined formula which is equivalent to 50% of the last drawn salary. They …
Read MoreWhy in News? Recently, a consortium of countries that includes India has jointly opposed the Carbon Border Taxes proposed by the European Union (EU) at 27th edition of the Conference of Parties (COP) in Sharm El Sheikh, Egypt. What is a Carbon Border Tax? A carbon border adjustment tax is a duty on imports based …
Read MoreWhy in News? National Aeronautics and Space Administration (NASA) has successfully launched its unmanned Moon mission Artemis I on 16th November 2022. After multiple delays caused by technological failures and natural disasters spread across two months, the Space Launch System (SLS) rocket has been lifted off from the Kennedy Space Centre in Cape Canaveral, Florida. …
Read MoreUniversal School of Law had conducted an orientation programme for law students on 19th October with Advocate from High Court of Karnataka; MR. ANIL D’SOUZA as a key speaker of the orientation on topic of “first step as a law student to giant leap as a student of law”. The programme commenced with the welcome …
Read MoreWe are pleased to share the Monthly Current Affairs Magazine of November 2022. Current Affairs play a vital role in preparation for any competitive exam. At Universal, we believe that success of an aspirant in a competitive exam lies in his ability to identify what is relevant for the exam and ensuring thorough study and …
Read MoreWhy in News? Recently, Powerful tremors were felt in India after an earthquake of magnitude 6.6 struck Nepal, which killed a few people and destroyed multiple houses. What Caused these Tremors? According to the United States Geological Survey (USGS) the tremors are attributed to the continental collisions of India and Eurasia Plates, which is the …
Read MoreWhy in News? Recently, the United Nations Secretary General has warned private corporations to desist the practice of Greenwashing and mend their ways within a year. The general has also directed to set up an expert group solely to look into the practice. What is Greenwashing? About: The term greenwashing was first used in 1986 …
Read MoreWhy in News? Recently, the Chairman of the Prime Minister’s Economic Advisory Council, in his personal capacity, has stated that India should have a “Single Goods and Services Tax (GST) Rate” and an “Exemption-less Tax Regime”. What are the Suggestions? Single GST Rate: GST rates should be the same on all goods as ‘progressive’ rates …
Read MoreWhy in News? In a significant ruling, the Supreme Court has upheld the Employees’ Pension (Amendment) Scheme, 2014 but quashed the threshold limit of Rs 15,000 monthly salary for joining the pension fund. What is the Employees’ Pension Scheme? About: EPF Pension, which is technically known as Employees’ Pension Scheme (EPS), is a social security …
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