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General Financial Rules (GFR) are a list of the Government of India's rules and orders to be followed by all when dealing with public finance issues. i.e. matters relating to revenue and expenditure of the government. These rules and orders are treated as executive instructions. They were first intrRead more
The Reserve Bank of India (RBI) LRS enables resident persons, including minors, to remit a certain sum of money for investment and expenditure to another country within a financial year. Corporations, joint businesses, Hindu Undivided Family (HUF), Trusts, etc. do not have access to the Scheme. MoreRead more
Statistics Day of India is being celebrated on June 29, 2020, on the birth anniversary of Prof. P C Mahalanobis. More about statistics day: Theme: SDG- 3: Ensure healthy lives and promote well-being for all of all ages. SDG- 5: Achieve gender equality and empower all women and girls. A world-renownRead more
The new pan-India Central Sector Scheme-Agriculture Infrastructure Fund has been approved by the Union Cabinet. More about Agriculture Infrastructure Fund: The scheme shall provide an investment facility for medium- to long-term debt funding in viable post-harvest management projects InfrastructureRead more
FASTags are prepaid rechargeable toll collection tags that allow automatic deduction of payment from the FASTag, usually affixed to your vehicle's windscreen. More about FASTags: The Ministry of Road Transport and Highways has agreed to ensure that FASTag data are collected during the registration oRead more
To know about demand and supply theory we need to know about the Demand and Supply curves, its elasticity, and determinants. Demand Curve: The demand curve is a graphical representation of the relationship between the price of a good or service for a given period of time and the quantity demanded atRead more
The following Indian products have received GI tags recently: Thanjavur Netti Works (pith works) It is made from a marshy plant called Aeschynomene Aspera, Netti (pith). The Netti Works are widely found in Tamil Nadu in the Temple of Brihadeeshwara, Hindu Idols, Garlands, door hangings and decorativRead more
The full form of IMFC is International Monetary and Financial Committee. The IMFC is the International Monetary Fund’s (IMF) Committee at the Ministerial level. The size of the IMFC and its composition are matched by that of the Executive Board.
World Intellectual Property Day 2020 was celebrated on April 26 with the theme “Innovate for a Green future”. The event was established by the World Intellectual Property Organization (WIPO) in 2000 to “raise awareness of how patents, copyright, trademarks and designs impact on daily life.” WIPO iRead more
Calamity Cess: The central government is considering a calamity cess on Goods and Services Tax (GST) to tide over the economic crisis triggered by the coronavirus pandemic. Kerala implemented a cess of disaster relief during the 2018 monsoon floods. It levied a 1 percent calamity cess on GST effectiRead more