Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) is a campaign launched by the Central Government of India which included an Rs.20 lakh crore economic stimulus package and a number of reform proposals. As part of the relief measures in the aftermath of COVID-19, the Prime Minister announced a special economic package and gave a clarion call for “Atmanirbhar Bharat” or "Self-reliant … [Read more...] about Atmanirbhar Bharat Abhiyan – Explained in Layman’s terms
UPSC Mains General Studies Paper 3 (GS3)
Operation Twist – 7 Key Points to Understand
Operation Twist is an unconventional monetary policy of the Central Bank. Recently, the Reserve Bank of India tried 'Operation Twist' in India. Originally, 'Operation Twist' was the name given to the US Federal Reserve monetary policy operation. This operation involved the purchase and sale of government securities to boost the economy by bringing down long-term interest rates. In 2019 and … [Read more...] about Operation Twist – 7 Key Points to Understand
PM Cares Fund – Objectives, Constitution, and Issues
PM CARES Fund is a public charitable trust set up in 2020 with the primary objective of dealing with any kind of emergency situation like posed by the COVID-19 pandemic. The PM CARES was formed on 28 March 2020 with Prime Minister Narendra Modi as its chairperson and senior cabinet members as trustees. Opposition parties are of the view that the new fund lacks transparency. They have … [Read more...] about PM Cares Fund – Objectives, Constitution, and Issues
Debt Recovery Tribunals (DRT)
What are Debt Recovery Tribunals (DRTs)? Debt Recovery Tribunals are Tribunals which facilitate the debt recovery involving banks and other financial institutions with their customers. DRTs can now take cases from banks for disputed loans above Rs 20 Lakhs. Debt Recovery Tribunals (DRTs): Background Bad loans and Non-Performing Assets (NPAs) are a perpetual source of trouble for banks in … [Read more...] about Debt Recovery Tribunals (DRT)
Indian Budget 2020-2021 Summary by ClearIAS (PDF) Released
ClearIAS has released the gist of Indian Budget 2020-2021 as an ebook in PDF format. Aspirants can instantly download the book ‘Indian Budget 2020-2021 Summary’ from ClearIAS online store. Download Indian Budget 2020-2021 Summary Indian Budget is an important document for all IAS aspirants. Many questions are repeatedly framed by UPSC - in Preliminary Exam and Main Exam - from the latest … [Read more...] about Indian Budget 2020-2021 Summary by ClearIAS (PDF) Released
Economic Survey 2019-2020 Summary by ClearIAS (PDF) Released
ClearIAS has released the gist of Economic Survey 2019-2020 as an ebook in PDF format. Aspirants can instantly download the book 'Economic Survey 2019-2020 Summary' from ClearIAS online store. Download Economic Survey 2019-2020 Summary Be it UPSC CSE Prelims or Mains, Economic Survey is a must-read document for all IAS aspirants. Many questions are repeatedly framed by UPSC from the latest … [Read more...] about Economic Survey 2019-2020 Summary by ClearIAS (PDF) Released
15th Finance Commission: Recommendations
Know the recommendations of the 15th Finance Commission. The Finance Commission (FC) is constituted by the President of India every fifth year under Article 280 of the Constitution. The Fifteenth Finance Commission (XV-FC) was constituted in November 2017 to give recommendations for vertical and horizontal devolution of taxes for five fiscal years, commencing 1 April 2020. What is the … [Read more...] about 15th Finance Commission: Recommendations
Coronavirus (COVID-19): Outbreak, Impact, and Prevention
The novel coronavirus outbreak in 2019-2020 with nickname COVID-19 is a new strain of viruses which can cause fever, cough, breathing difficulties, pneumonia and even death in humans. The new coronavirus - COVID-19 - was first identified in Wuhan, China in December 2019. The global outbreak of COVID-19 is still ongoing. The novel Coronavirus has affected more than 50,00,000 people all over the … [Read more...] about Coronavirus (COVID-19): Outbreak, Impact, and Prevention
Yes Bank Crisis and Reconstruction: Explained
What is YES Bank Crisis? Is the YES bank crisis over? Is the depositors' money in the YES Bank safe? What is the reconstruction scheme of YES Bank proposed by RBI? Read this post to understand the YES Bank story in detail. Banks play a pivotal role in the economic growth of the country. Failure of a bank, irrespective of the ownership, private sector or public sector, can impact everyone. … [Read more...] about Yes Bank Crisis and Reconstruction: Explained
Government Budgeting in India – The Process and Constitutional Requirements
What is the process of government budgeting in India? What are the constitutional requirements regarding the annual financial statement? How knowledgeable are you regarding the government budgeting process of India? In this post, we explain the basics of Indian Budget and Government Budgeting process for beginners. What exactly is a budget? As you know, the budget is a report presented by … [Read more...] about Government Budgeting in India – The Process and Constitutional Requirements
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