UGI USER, Author at Universal Group Of Institutions

04Aug 2024

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“BUDGET 2024-25: CLAIMS, CONTRADICTIONS, AND ECONOMIC REALITIES”

Syllabus: GS-3: Government Budgeting Focus: The Budget 2024-25, presented by Finance Minister Ms. Nirmala Sitharaman, has sparked widespread debate due to its claims of increased expenditure, disputed unemployment figures, and handling of inflation. The contrasting data and public response have brought these economic issues to the forefront of national discourse. source:wordpress Increased Government Spending: Claims …

04Aug 2024

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INDIA ASSURES TAIWAN OF POLICY STABILITY IN SEMICONDUCTOR SECTOR

Relevance: GS 2 – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests; India and its neighborhood relations. GS 3 – Indigenization of technology and developing new technology. Why in the news? Taiwanese businesses and government officials are taking a cautious approach towards India’s semiconductor ambitions. The senior officials from the …

03Aug 2024

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SHIFT TO NEW TAX REGIME

Why in the news? 72% of India’s personal income tax payers opted for the new tax regime in 2023-24. 27 crore returns filed under the new regime, compared to 2.01 crore under the old regime. The number of Income Tax (IT) return filings rose 7.5% to a record 7.29 crore. source:researchgate Record High ITR Filings: …

03Aug 2024

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INDIA SELECTS CREW FOR AXIOM-4 MISSION TO ISS

Why in the news? Shubhanshu Shukla and PrasanthBalakrishnan Nair have been chosen as prime and back-up pilots for the Axiom-4 mission, respectively. They will undergo training in the U.S. starting August. This mission marks the fourth private astronaut trip to the ISS and aligns with the India-U.S. joint vision to enhance space cooperation. Mission Details: …

03Aug 2024

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ELEVATED FOOD INFLATION: RBI TO HOLD RATES

Why in the news? The Monetary Policy Committee (MPC) is expected to keep policy rates unchanged during its meeting from August 6-8 due to elevated food inflation, according to Barclays India and Goldman Sachs Economics Research. Economists from both institutions highlighted the persistent upward pressure on food prices as a key reason for the MPC’s …

03Aug 2024

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U.P. GOVT. FACES CRITICISM OVER NAZUL LAND BILL

Why in the news? Samajwadi Party chief demanded the permanent withdrawal of the Uttar PradeshNazul Property (Management and Use for Public Purposes) Bill, 2024, citing it would uproot homes. Samajwadi Partyaccused the BJP of enjoying causing suffering and stated that the ruling party is now trying to take away people’s homes, in addition to their …

03Aug 2024

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PEACE EFFORTS IN JIRIBAM: MEITEI AND HMAR LEADERS HOLD TALKS

Why in the news? Representatives from the Meitei and Hmar communities in Manipur’s Jiribam district met in Assam’s Cachar district to ease tensions. The latest peace talks led to an agreement on “controlled movement” within Jiribam to ensure safety and prevent conflict. Key Resolutions Both communities committed to efforts aimed at restoring normalcy and preventing …

03Aug 2024

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ED SEIZES DOCUMENTS IN FAKE AYUSHMAN CARDS CASE

Why in the news? The Enforcement Directorate (ED) seized documents related to suspicious transactions worth ₹21 crore for 23,000 patients. Searches conducted on July 31 at 20 locations in Delhi, Chandigarh, Punjab, and Himachal Pradesh (Kangra, Una, Shimla, Mandi, and Kullu). source:scribd Background and FIR: The investigation is based on an FIR by the State …

03Aug 2024

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SUPREME COURT UPHOLDS TAMIL NADU’S ARUNTHATHIYAR QUOTA LAW

Why in the news? The Supreme Court upheld the constitutionality of Tamil Nadu’s Arunthathiyar Reservation Act, 2009. A seven-judge Bench, led by Chief Justice D.Y. Chandrachud, ruled 6:1 that sub-categorization within Scheduled Castes (SCs) is constitutionally valid for ensuring substantive equality. source:slideshare Details of the Act: The Act provides preferential treatment to the Arunthathiyars (including …

03Aug 2024

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ICMR WARNS OF CERVICAL CANCER CRISIS

Why in the news? The Indian Council of Medical Research (ICMR) highlights an urgent need for increased cervical cancer screening and vaccination. Projected impact: By 2025, cervical cancer will result in a loss of 1.5 million years of life in India, due to early deaths or disabilities. Current Statistics: In 2016, the burden was 223.8 …

By UGI USER