Weekly Current Affairs 13-20 September 2020

Weekly Current Affairs for UPSC, IAS, UPPSC/UPPCS, BPSC, MPPSC, RPSC and All State PCS Examinations (13-20 September 2020) Google’s Best Books for UPSC PSC Exams Amazon’s Best Book for UPSC PSC Exams Join our Official Telegram Channel HERE for Motivation and Fast Updates Subscribe to our YouTube Channel HERE to watch Motivational and New analysis videos

UPSC Prelims Exam 2020 Important Topics – Economy free download

UPSC Civil Services Examination – 2020 Indian Economy Important Topics General Studies Paper (Prelims and Mains) In General studies paper of UPSC Civil services Examination, Economy is one of the most important sections of the Prelims as well as mains exam. One can easily expect 15 – 20 questions from Economy syllabus in UPSC Prelims … Read more

UPSC CSE (IAS) Exam: Economic Survey and Union Budget 2020 : Important Notes with MCQ

UPSC Exam 2020: Economic Survey and Union Budget 2020 Important Notes with MCQ Budget and Economic Survey for UPSC Civil Services Exam 2020 | Importance & Economic Survey and Budget 2020 The budget and the economic survey are the most important documents released by the Government of India. They are extremely important sources of information … Read more

India sets target of achieving 100 MT coal gasification by 2030

On August 31, 2020, the Union Minister of Coal and Mines Shri Prahlad Joshi announced at a webinar that India aims for 100 million tonnes of coal gasification by 2030. This is to be achieved through investments worth Rs 4 lakh crores. The Government of India has provided concession of 20% on revenue share of … Read more

Chunauti: Next Generation Start Up Challenge contest

On August 28, 2020, the Government of India launched “Chunauti”, the next generation start up challenge contest. Around 300 start ups working in select areas are to be identified and provided with seed fund up to Rs 25 lakhs. The challenge is launched with a special focus on Tier-II towns. Chunauti is Challenge Hunt Under … Read more

GoI: 21 Centres of Excellence to be launched to incubate new technologies

The State-Owned Technology Parks in India (STPI) are to have the largest ecosystem to incubate new technologies. This is to be achieved by setting up 21 Centres of Excellence in these parks. India has centres of excellence (CoE) for Internet of Things, electric vehicles, block chain, animation and gaming, etc. The Government of India has … Read more

Karnataka to build Industrial Corridor between Bidar and Mysuru

On August 17, 2020, the Karnataka Deputy Chief Minister C N Ashwanthnarayan announced that the State Government is to build an industrial corridor between Mysuru and Bidar. This is being done to augment the development of commerce and industry in the state. Highlights The projects will help Karnataka achieve its target of 35 lakh crore … Read more

India ranks first in Organic Farming

The Ministry of Agriculture and Farmers Welfare recently announced that India ranks first in Organic Farming. Also, India ranks ninth in terms of areas under Organic Farming. Highlights Sikkim was the first state in the world to become completely organic. The other states that have similar targets include Uttarakhand and Tripura. Measures by India to … Read more

Status of Organic farming in India

Context: In a world battered by the COVID pandemic, the growth story of organic farming is unfolding with increasing demand not only in India but also globally.  Status of Organic farming in India: India ranks first: in number of organic farmers and ninth in terms of area under organic farming.  First fully organic state: Sikkim became the first State in … Read more

PM Modi to launch “Transparent Taxation-Honouring the Honest”

On August 12, the Prime Minister Modi is to unveil a new platform called “Transparent Taxation-Honouring the Honest”. This was earlier announced by the Finance Minister Nirmala Sitharaman as “Tax Charter” in Budget 2020-21. The Government of India is to unveil fresh measures including big-ticket infrastructure projects to make local industry more competitive. This mainly … Read more

IBBI amends Insolvency and Bankruptcy Board of India Regulations, 2017

The Insolvency and Bankruptcy board of India recently amended the Insolvency and Bankruptcy Board of India Regulations. This is the second amendment. The amendment has made major changes to the voluntary liquidation process. About the Amendment The amendment allows the corporate persons to replace the liquidator with another liquidator or insolvency professional to initiate voluntary … Read more

Priority Sector Lending (PSL)

The Reserve Bank of India has assigned priority sector lending (PSL) status to India’s startup sector. Significance of the move: RBI opening up more funds for lending to startups is a very positive step. Startups have not had easy access to debt, stymied by traditional lender metrics of creditworthiness. This is a huge booster as sufficient funding and user adoption are … Read more

RBI Monetary Policy Highlights

Part of: GS Prelims and Mains III – Indian Economy – Monetary policy; RBI and Banking  Context:  RBI Governor Shaktikanta Das announced key policy decisions during the third review of the monetary policy since the COVID­19 pandemic spread in the country.  Do you know?  Monetary policy is the process by which the RBI controls the supply of money, … Read more

RBI launches “Innovation Hub” for Financial Inclusion

On August 6, 2020, the Reserve Bank of India launched “Innovation Hub” for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion. About Innovation Hub The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities. This will … Read more

Khadi Agarbatti Aatmanirbhar Mission Launched: Highlights

Proposed by KVIC (Khadi and Village Industries Commission) and approved by the Minister of Micro Small and Medium Enterprises Nitin Gadkari Khadi Agarbatti Aatmanirbhar Mission is all set to generate employment for the local artisans making India self-reliant in agarbatti production. Join our Official Telegram Channel HERE for Motivation and Fast Updates Subscribe to our YouTube Channel HERE to watch Motivational … Read more

Core sector output shrank further

Part of: GS Prelims and Mains II – Economics – Growth and Development  Context:  The output of eight core sector industries shrank further.  Economists expect the negative trend to continue for at least two more months.  During April-­June 2020­21, the sector’s output dipped by 24.6% as compared to a positive growth of 3.4% in the same … Read more

Government notification on E-invoicing

The central government comes up with a centralized e-invoicing scheme for business having turnover more than 500 crores. As per the recent scheme, it will be mandatory for all those businesses with a turnover of more than 500 crores to generate all their B2B invoices on a centralized government portal which will go live from … Read more

India Imposes Import Restrictions on Color TV Sets

Following a ban on popular Chinese applications, the Indian Government has moved the import of Color TV sets from free to restricted. India imports the majority of TV sets from China. This move by the government is aimed to promote PM Modi’s vision of “Vocal for Local” which will boost domestic manufacturing and balance the … Read more