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Relevance: GS 2 – Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources. GS 3 – Government Budgeting Why in the news? Allocations for numerous social sector schemes have decreased in …
Read MoreSyllabus: GS 2: Government Policies and Interventions . GS 3: Government Budgeting Why in the News? The 2024 Union Budget represents a significant shift in economic strategy, addressing past policy failures and acknowledging broader economic challenges. It aims to tackle issues like regional disparities, agrarian distress, and employment by implementing new measures and investments, reflecting …
Read MoreSyllabus: GS 3: Government Taxation in India Why in the News? The 2024 Budget is crucial as it aims to address significant economic challenges such as unemployment and inequality. It introduces a medium-term economic framework focusing on fiscal consolidation, infrastructure improvement, and tax reforms to create a sustainable and inclusive growth path. Source: PIB Introduction …
Read MoreSyllabus: GS-3- Employment sceneario in India ,economic slowdown and global challenges, Job creation , skilling youth Focus : This article examines India’s current employment generation strategies, focusing on government incentives like wage subsidies and skill development It critiques these approaches for their disconnect with ground realities and proposes alternative measures to address the unemployment crisis …
Read MoreWhy in the news? Despite corporate tax breaks and increased government capex, private investments remain sluggish. Economic Survey highlights a shift towards investments in buildings rather than machinery or intellectual property. About Corporate tax: Definition: Corporate tax is levied on a corporation’s net income, which is revenue minus expenses (G&A, marketing, R&D, depreciation). Rate Structure: …
Read MoreWhy in the news? Supreme Court’s split verdict on GM mustard approval raises regulatory concerns; judges call for national policy on GM crops. Petition challenging environmental release of GM mustard DMH-11. Delhi University’s Centre for Genetic Manipulation of Crop Plants (CGMCP) and Ministry of Environment, Forest and Climate Change (MoEF&CC). source:HT About GM Mustard DMH-11 …
Read MoreWhy in the news? Finance Minister Nirmala Sitharaman unveiled a scheme to develop 63,000 tribal villages. Allocation of ₹13,000 crore for the development of these villages. Aim to improve infrastructure and living conditions in tribal areas. PM-DAKSH Yojana: Key Points Launch & Objective: Initiated in 2020-21, aims to enhance employability for socio-economic development through skill …
Read MoreWhy in the news? Hamas and Fatah signed a declaration in Beijing to end their long-standing rift and strengthen Palestinian unity. They pledged to form a unity government and commit to creating a Palestinian state on lands captured by Israel in the 1967 war. The agreement highlights China’s growing influence in Middle Eastern diplomacy and …
Read MoreWhy in the news? Finance Minister Nirmala Sitharaman announced the removal of the angel tax on foreign investments in start-ups. The measure aims to bolster the Indian start-up ecosystem, boost entrepreneurial spirit, and support innovation. source:researchgate About Angel Tax: Angel Tax: Tax on excess capital raised by unlisted companies above fair market value. Introduced: Section …
Read MoreWhy in the news? Finance Minister Nirmala Sitharaman announced DPI implementation in agriculture over three years. DPI aims to ease farmers’ access to government schemes and services. A DPI-based crop survey in 400 districts during the Kharif season will create a digital database of six crore farmers and their crops. About Digital Public Infrastructure (DPI): …
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