Virtual Digital Assets Context: Finance Minister Nirmala Sitharaman, in her Budget 2022 speech on Tuesday (February 1), announced a 30 per cent tax on income from virtual digital assets. She said that there has been a phenomenal rise in such transactions and the magnitude […]
Submarine Cables Context: Tonga, an archipelago situated along the series of fault lines called the ‘Ring of Fire’ in the Pacific region, is quite prone to earthquakes and volcanic activities. On 15 January 2022, the Hunga Tonga–Hunga Ha’apai volcano, which is 65 kms north […]
P-5 Joint Nuclear Statement Context: On 3 January 2022, all the five permanent members (P-5) of the United Nations Security Council (UNSC) issued a joint statement on preventing nuclear war and avoiding arms race. Incidentally, these five countries are also the nuclear weapon countries recognised […]
Economic Survey 2021-2022 Context: The Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman presented the Economic Survey 2021-22 in Parliament today. The highlights of the Economic Survey are as follows: Current Status: Indian economy estimated to grow by 9.2 percent […]
Important Personalities from President’s Address Context: The President in an Address to the joint sitting of the parliament he mentioned the names of few personalities which is dealt in this article. He stated “In this period of Amrit Mahotsav, special events related to great […]
Ethanol Blending Context: Sugar mills’ sale of ethanol to oil marketing companies helped them earn additional revenue and clear cane price arrears to farmers, the Department of Economic Affairs said in the annual Economic Survey placed in the Parliament on Monday. The department said […]
Increase In Forest Area Context: India has increased its forest area in the past decade and ranks third globally in average annual net gain in forest area from 2010-2020, the Department of Economic Affairs (DEA) said in the annual Economic Survey. India annually added an […]
Presidency of UNSC Context: Ahead of Russia’s upcoming Presidency of the United Nations Security Council this month, India and Russia on Monday held consultations on the UNSC issues during the visit of Ambassador Sergey Vasilyevich Vershinin, Deputy Minister of Foreign Affairs (DFM) of the Russian Federation. The discussion […]