budget 2020-21 Current Affairs, GK & News
Quantum Computing Application Lab: GoI and Amazon Partnership
The Ministry of Electronics and Information Technology in partnership with the Amazon Web Services is to establish Quantum Computing Applications Lab. The lab will identify quantum computing problems faced by Central and State Governments and also by the research institutions. The chosen proposals from these entities will get access to Amazon Web Services to use ..
Month: Current Affairs - January, 2021
Category: Science & Technology Current Affairs
Topics: Black hole • budget 2020-21 • Genome India Project • national mission on quantum technology and applications • Quantum technology • satellite communication
Central Investment Clearance Cell
The Government of India recently announced that the Central Investment Clearance Cell is to be launched by April 2021. The Centralised Investment Clearance Cell was announced as an integral part of the single window system. The Single Window System is being worked out by Ministry of Commerce and Industry. The idea of establishing Central Investment ..
Month: Current Affairs - December, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Budget • budget 2020-21 • Central Investment Clearance Cell • DPIIT • Trade and investment
Pradhan Mantri Fasal Bhima Yojana reviewed
On July 13, 2020, Finance Minister Nirmala Sitaraman reviewed Pradhan Mantri Fasal Bhima Yojana. Highlights The Minister reviewed the journey of Pradhan Mantri Fasal Bhima Yojana since 2016. The scheme will now on focus on leveraging technologies. The scheme is expected to migrate towards technology by 2023. A survey is to be conducted after Rabi ..
Month: Current Affairs - July, 2020
Category: Government Schemes Current Affairs • India Nation & States Current Affairs
Topics: Agriculture • budget 2020-21 • Crop Insurance • Kharif • Kharif Crops • National Agricultural Insurance Scheme • Pradhan Mantri Fasal Bima Yojana • Rabi Crops
Cooperative Banks brought under RBI
On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. Apart from these, India also holds 58 multi-state cooperative banks. These banks together support 8.6 ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Banking Regulation Act • budget 2020-21 • Cooperative banking • Cooperative Banks • Nirmala Sitharaman • Ordinance • PMC bank • Reserve Bank of India • Union Cabinet
Budget 2020: dispute resolution scheme for direct taxes
The Union Finance Minister Nirmala Sitharaman announced a dispute resolution scheme for direct taxes in the recent Union Budget 2020-21. Under the proposed scheme, the taxpayers whose tax demands are locked in any dispute in any of the forums can pay their due taxes by March 31, 2020. By paying it before the deadline, the ..
Topics: budget 2020-21 • direct tax • Dispute resolution • Finance Minister of India • Government Schemes India • Indirect Taxes
Union Budget 2020-21: disinvestment target set at ₹ 1.2 Lakh Crores
In the Union Budget 2020-21, the Government has set its disinvestment target at ₹ 1.2 Lakh Crores for the fiscal year 2020-21. The government also expects ₹90,000 crore revenue from disinvestment of government stake in public sector banks and financial institutions, including the LIC and IDBI bank. This is in addition to the 1.2 Lakh Crore ..
Topics: budget 2020-21 • Disinvestment • Economy • Economy of India • Finance