Archives: Current Affair

GST Classification and Rate Structure The multiple tax rates applied to similar goods and services have created confusion and inefficiencies in the GST system. Examples: Popcorn is taxed differently based on its preparation and packaging, with rates of 5%, 12%, and 18%. Buns and cream buns are categorized under separate tax rates. Frozen parathas and […]

Starlink, owned by Elon Musk’s SpaceX, uses satellites to offer internet services and has been in the news this week after Indian security forces seized the company’s device in strife-torn Manipur. About Starlink: Starlink is a satellite internet constellation project developed by SpaceX, a company founded by Elon Musk. Its goal is to provide high-speed, low-latency internet […]

Why is the Indian Rupee Falling Against the US Dollar? The falling value of the Indian rupee against the US dollar is a result of various economic factors affecting currency demand and supply dynamics. Below is an explanation with key headings and points. 1. What is the Exchange Rate? Definition: The exchange rate is the […]

Rule 93(2)(a) of the Conduct of Election Rules, 1961 Why in News? The Government has recently amended the Rule 93(2)(a) of the Conduct of Election Rules, 1961. About the Conduct of Election Rules, 1961 : The Conduct of Election Rules, 1961 is a set of rules under the Representation of the People Act, 1951, which […]

Prime Minister Narendra Modi was conferred with Kuwait’s highest national honor, the Order of Mubarak Al-Kabeer, by His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, the Amir of Kuwait, on December 22, 2024. The Order of Mubarak Al-Kabeer, established in 1974, is named after Mubarak Al-Sabah, known as “Mubarak the Great,” who ruled Kuwait from 1896 […]

PwC’s Global Economic Crime Survey 2024 provides a comprehensive analysis of the evolving landscape of economic crimes, drawing insights from nearly 2,500 companies across over 60 countries and territories. Key Findings: Prevalence of Economic Crime: A significant number of organizations have encountered economic crimes in the past 24 months, with procurement fraud, cybercrime, and corruption […]

The India State of Forest Report (ISFR) 2023, released by the Minister for Environment, Forest, and Climate Change, Shri Bhupender Yadav, highlights India’s forest and tree resources based on detailed assessments conducted by the Forest Survey of India (FSI). Below are the key insights and findings from the report: Key Statistics Forest and Tree Cover: […]

The RBI’s report, State Finances: A Study of Budgets of 2024-25, raises key concerns and recommendations about the fiscal management practices of Indian states. 1. Rise in Expenditure on Subsidies Concern: The report flags the increasing expenditure on subsidies such as: Farm loan waivers. Free or subsidized electricity, transport, and gas cylinders. Cash transfers to […]

The situation in Myanmar, particularly after the 2021 military coup, has been marked by significant political upheaval, armed conflicts, and the resurgence of various rebel groups. The developments surrounding Myanmar’s ethnic armed groups and their increased autonomy aspirations have created a complex and volatile situation that continues to unfold. Below is a more detailed explanation […]

Why in News?  The Waste to Worth: Managing India’s Urban Water Crisis through Wastewater Reuse report, released by the Centre for Science and Environment (CSE) and the National Mission for Clean Ganga (NMCG), explores how treated wastewater can be reused to mitigate water scarcity in urban areas. 72% of wastewater remaining untreated, which exacerbates the […]