CENTRE ANNOUNCES COMMON ELIGIBILITY TEST

Focus: GS-II Governance, Prelims Why in news? Applicants for jobs in railways, banks and lower levels of Central government will now write a common eligibility test (CET) from 2021 says: Minister for Personnel, Public Grievances and Pensions. The CET will replace the first level tests conducted by the Staff Selection Commission (SSC), the Railway Recruitment […]

MADHYA PRADESH GOVERNOR TO HOLD A FLOOR TEST IN THE ASSEMBLY

Focus: GS-II Governance, Prelims Why in news? Madhya Pradesh Chief Minister on 13th March 2020, requested Governor to hold a floor test in the Assembly session that starts from March 16 on a date fixed by the Speaker. What is a Floor Test? A floor test can be explained as a motion initiated by the […]

INDIA’S CURRENT ACCOUNT DEFICIT EASES TO 0.2% OF GDP

Focus: GS-III Indian Economy, Economic Development, Prelims Why in news? India’s current account deficit almost got wiped out in the December quarter standing at just $1.4 billion due to lower trade deficit and a rise in net services receipts, according to data released by Reserve Bank of India on 12th March 2020. Details Private transfer […]

WORLD STOCKS PLUNGE INTO BEAR MARKET, OIL SLUMPS – CONSUMERS TO GAIN FROM CHEAP OIL?

Focus: GS-III Indian Economy, Industry and Infrastructure, Prelims Why in news? Global stocks plunged into a bear market and oil slumped further on 12th March 2020, after stimulus efforts from the European Central Bank failed to calm investors alarmed by U.S. moves overnight to restrict travel from Europe over the spread of COVID-19. The price […]

RBI OPENS DOLLAR-SWAP WINDOW

Focus: GS-III Indian Economy Why in news? The Reserve Bank of India (RBI) has opened a six-month dollar sell-buy swap window to pump liquidity in the foreign exchange market — the first move following financial markets in India and across the globe experiencing turbulence over the spread of COVID-19, which could lead to a slowdown […]

RETAIL INFLATION EASES TO, INDUSTRIAL PRODUCTION QUICKENS

Focus: GS-III Indian Economy, Prelims Why in news? Retail inflation based on the Consumer Price Index slowed to 6.58% in February, while the industrial production growth as measured in the Index of Industrial Production (IIP) quickened to 2% in January amid subdued performance by the manufacturing sector, official data released on 12th March 2020 showed. […]

BILLS ON BANKRUPTCY CODE, MINERAL LAW GET RAJYA SABHA NOD

Focus: GS-II Governance Why in news? The Rajya Sabha has passed two Bills — the Insolvency and Bankruptcy Code (Amendment) Bill, 2020 and the Mineral Laws (Amendment) Bill, 2020.  Insolvency and Bankruptcy Code (Amendment) Bill, 2020 The bill seeks to remove bottlenecks and streamline the corporate insolvency resolution process. It aims to provide protection to […]

NO DOUBTFUL CATEGORY IN NPR

Focus: GS-II Governance Why in news? Union home minister on 12th March 2020, sought to allay fears over National Population Register (NPR) and assured the Upper House of Parliament that no one, including Muslims, will be marked as D (doubtful citizen) during the updation of National Population Register (NPR). National Population Register (NPR) It is […]

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