Economics: Point-Wise Current-Affairs/GS Articles 2018 (Including PIB)- Download PDF

  • Mar 17, 2017
  • 1 Black Money: Next Frontier is to Bring Land and Realty Under GST [ Eco. ]

    The steps taken to reduce black cash and streamline election finance, the one of the biggest sources of black money is land and real estate. Bring supply of land and real estate into the GST. The GST law does not include LARE (Land and Real Estate).

    Highlight

    • Few clarification

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  • 2 Central Board of Direct Taxes Signs 10 Unilateral APAs with Taxpayers [ Eco. ]

    The central Board of Direct Taxes (CBDT) signs 10 Advance Pricing Agreements (APAs) with Indian taxpayers on 28 February 2017. The 10 APAs signed in sectors likes’ telecom, Pharma, banking and finance, steel, retail and information technology.

    Highlights

    • CBDT expects more APAs

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  • 3 ZTE Launch World’S First 5G IT Baseband Unit (BBU) in Partnership with Intel [ Eco. ]

    ZTE has launched next generation 5G IT baseband units (BBU) with Intel Corporation. Companies used Mobile World Congress (MWC) to show off world’s first 5G IT baseband units (BBU). ZTE is China-based smartphone manufacturer.

    Image of ZTE Gigabit Phone

    Image of ZTE Gigabit Phone

    Image of ZTE Gigabit Phone

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  • 4 Microsoft-Flipkart Announce Strategic Tie-Up [ Eco. ]

    IT giant Microsoft announced a “strategic partnership” with Flipkart. It is a first step with online retailer flipKart to adopt Microsoft Azure as its exclusive public cloud platform. Companies are teaming up to be partners on cloud.

    Flipkart CEO Binny Bansal with Microsoft CEO Satya Nadella

    Flipkart CEO Binny Bansal with Microsoft CEO Satya Nadella

    Flipkart CEO Binny Bansal with Microsoft CEO Satya Nadella

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  • 5 Tata Motors Signs Technological Agreement with Microsoft [ Eco. ]

    Tata Motors and Microsoft India announced a strategic agreement to redefine connected and personalized driving experiences for Indian customers. The collaboration will leverage Microsoft’s expertise in fields of artificial intelligence (AI), advanced machine learning, and Interne

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  • 6 Cabinet Approves Merger of SBI, 5 Associate Banks [ Eco. ]

    State Bank of India has received Cabinet approval to merge its five subsidiaries. It will make bank among top 50 banks in world. Merger is an important step towards strengthening banking sector through consolidation of Public Sector Banks.

    Cabinet clears SBI merger

    Cabinet Clears SBI Merger

    Cabinet clears SBI merger

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  • 7 Hindustan Motors Sells Iconic Ambassador Car Brand to French Company Peugeot [ Eco. ]

    Indian car brand Ambassador is being sold to French carmaker Peugeot. Ambassador was first car made in India, was once considered a status symbol. Hindustan Motors had suspended production of Ambassadors way back in 2014. The “brand and certain related rights” have been sold for

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  • 8 India’S Largest Startup Incubator to Be Built at Hubballi [ Eco. ]

    Indian-American entrepreneur, philanthropist and venture capitalist Gururaj Deshpande is setting up India’s biggest startup incubator in Hubballi. It is about 400km from Bengaluru. The 82, 000-sqft facility is expected to open in September.

    Image of Gururaj Deshpande

    Image of Gururaj Deshpande

    Image of Gururaj Deshpande

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  • 9 Economic Survey 2017 Presented in Parliament [ Eco. ]

    Economic Survey for 2016 - 17 is tabled in Parliament by Finance Minister Arun Jaitley. Survey recommends fast, demand – driven re - monetization, further tax reforms, including bringing land and real estate under ambit of GST and reducing tax rates and stamp duties.

    Economic survey tabled in parliament Financeminister ArunJately

    Economic Survey Tabled in Parliament Financeminister ArunJately

    Economic survey tabled in parliament Financeminister ArunJately

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  • Mar 17, 2017
  • 1 Delhi Airport First in World to Adopt Digital Platform Arc [ Eco. ]

    Indira Gandhi International (IGI) Airport has become the first in the world to adopt a unique digital platform called Arc. It will be used to measure, manage and improve performance of the airport in resource consumption, carbon emissions and ensuring quality of passenger space.

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  • Feb 24, 2017
  • 1 NALCO Signs MoU with TERI for Sustainable Rehabilitation [ Scholarship Upd. ]

    MoU has been signed between Nalco and Energy and Resources Institute (TERI). It is for various scientific, technological and educational activities in area of mining rehabilitation. It will further strengthen Nalco’s initiatives being undertaken under Sustainable Development Fram

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  • Jan 2, 2017
  • 1 CSL Completes Delivery of 20 FPVs to Indian Coast Guard [ Eco. ]

    The Cochin Shipyard Limited (CSL) has delivered ICGS AYUSH, the 20th Fast Patrol Vessel (FPV) to the Indian Coast Guard.   It is last in the series (CSL Yard No BY 520) and was delivered three months ahead of schedule. During the current financial year, CSL has delivered four FPV

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  • Jan 1, 2017
  • 1 India Second Biggest Arms Buyer: US Report [ Eco. ]

    Saudi Arabia was the leading developing world arms purchaser from 2008-2015. India was the second largest developing world arms purchaser. A United States Congress Research’s report title is ‘Conventional Arms Transfers to Developing Nations 2008-2015’.

    Image for representational purposes

    Image for Representational Purposes

    Image for representational purposes

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  • Dec 26, 2016
  • 1 India’S First 2G Ethanol Bio-Refinery to Be Set Up in Punjab [ Eco. ]

    Hindustan Petroleum Corporation Limited (HPCL) is setting up this project at a cost of 600 crore, with Central Government Public Sector Undertaking (CPSU). India’s first 2G The foundation stone of (Second Generation) Ethanol Bio-refineries was laid at Tarkhanwala village in Bathi

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  • Dec 25, 2016
  • 1 NITI Aayog Rolls Out Performance on Health Outcomes Index [ Eco. ]

    The NITI Aayog along with Union Ministry of Health and Family Welfare has rolled out Performance on Health Outcomes.it index to rank States on the basis of their performance on measurable health indicators. The index was developed with inputs from domestic and international exper

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  • Dec 17, 2016
  • 1 NMDC Invests Rs 1,222 Cr to Set Up Nagarnar Steel Plant [ Eco. ]

    State-run iron ore miner NMDC has invested Rs. 1,222.65 crore. It is to set up a 3 million tonnes per annum (MTPA) integrated steel plant at Nagarnar in Bastar district of Chhattisgarh. The plant is expected to start trial production by mid-2017.

    Image of NMDC Limited

    Image of NMDC Limited

    Image of NMDC Limited

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  • Dec 16, 2016
  • 1 Approved Major Port Trust Authorities Bill, 2016 to Give Autonomy to 12 Major Ports by Union Cabinet [ Eco. ]

    The bill aims to empower 12 major ports to perform with greater efficiency on account of full autonomy in decision-making. The Union Cabinet has approved the draft Major Port Authorities Bill, 2016 to replace the existing Major Port Trusts Act, 1963.

    Port Trust Authorities Bill

    Port Trust Authorities Bill

    Port Trust Authorities Bill

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  • 2 India-Pak War 45th Anniversary: Veterans to Take Part in Bangladesh Function [ Eco. ]

    It isthe occasion of 45th Vijay Diwas; the entire nation is paying tributes to the martyrs of 1971 India-Pakistan. The Indo-Pakistani War of 1971 was a confrontation between India and Pakistan during the Bangladesh Liberation War in 1971.

    Image of Indian Vijay Diwas

    Image of Indian Vijay Diwas

    Image of Indian Vijay Diwas

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  • Dec 14, 2016
  • 1 Ammonia Detected First Time in Upper Troposphere [ Eco. ]

    Scientists have detected trace amounts of ammonia in the upper troposphere - the lowest of Earth’s atmospheric layers. It is detected by team of researchers from the Karlsruhe Institute of Technology in Germany. Scientists analyzed satellite data collected from various parts of t

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  • Dec 13, 2016
  • 1 Kolkata-Mizoram Trade Route Via Myanmar to Soon Open [ Eco. ]

    A deep water port built in Myanmar’s Sittwe by India is ready to be commissioned. Open Kolkata-Mizoram trade route via Myanmar. The Sittwe port is starting point for the Kaladan Multi Modal Transit Transport Project in Myanmar. Once shipments arrive at Sittwe port from Kolkata, t

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  • 2 गोवा में 2016 का ब्रिग्स सम्मेलन (2016 BRICS Conference in Goa - Essay in Hindi) [ Eco. ]

    प्रस्तावना:-इस बार 8वां ब्रिक्स सम्मेलन गोवा में हो रहा है। भारत की मेजबानी में ब्रिक्स सम्मेलन के दौरान सदस्य देशों के बीच आपसी व्यापार बढ़ाने के साथ-साथ आतंकवाद के मसले पर भी चर्चा होने की उम्मीद है। रूस और चीन मौजूदगी में हमें अपने हितों को मजबूती से रखना होगा। यहाँ 15 और 16 अक

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  • 3 मोदी जी दव्ारा 500 और 100 के नोटों पर बंद की घोषणा (Demonetization in India - Pros and Cons - Essay in Hindi) [ Eco. ]

    प्रस्तावना:- 16 मई 2014 को देश का मोडीफिकेशन (मामूली परिवर्तन करना या सीमित करना) हुआ था। 8 नवम्बर 2014 को नोटिफिकेशन (अधिसूचना) हुआ। प्रधानमंत्री ने 500 और 1000 के नोटों को बंद करने का ऐलान कर दिया। मकसद कालेधन की रीढ़ पर वार था और ईमानदारों के मन की बात भी। मोदी सरकार के इस फैसल

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  • Dec 11, 2016
  • 1 Cyclone Vardah Intensifies in Chennai [ Eco. ]

    The severe cyclonic storm ‘Vardah’, the most intense to have hit the Tamil Nadu capital in two decades has made a landfall near the city. NOTAM (notice to airmen) issued after strong cyclonic winds and poor visibility hit Chennai and other parts of the state.

    Highlights

    • An operat

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  • Dec 7, 2016
  • 1 MoES Launched Winter Fog Experiment [ Eco. ]

    Ministry of Earth Sciences (MoES), Government of India has taken up a multi-institutional initiative during winter 2016-17 to conduct an intensive ground-based measurement campaign to understand different physical and chemical features of fog and factors responsible for its genes

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  • Dec 2, 2016
  • 1 Cyclonic Storm Nada Observed in Tamil Nadu [ Eco. ]

    During December 2016, Depression Nada was located about 40 km (25 mi) east-southeast of Karaikal, Puducherry, TN India. Maximum sustained wind speeds are about 45 km/h (30 mph), gusting to 65 km/h (40 mph). The storm is moving west-northwestwards. Dvorak intensity of the storm es

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  • Nov 26, 2016
  • 1 100-Year-Old Log Shows Antarctic Ice Not Shrinking [ Eco. ]

    About 100 years ago, explorers explained that the sea ice at the South Pole has barely changed in size over the last century.Ship logbooks of explorers such as the British Captain Robert Scott and Ernest Shackleton were used to compare where the Antarctic ice edge was during the

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  • 2 Proposal to Name Silent Valley After M G K Menon [ Eco. ]

    M S Swaminathan, agricultural scientist and chairperson of the M S Swaminathan Research Foundation in Chennai declared that we should acknowledge this unique contribution by naming the Silent Valley Biosphere Reserve ‘Prof M G K Menon Biosphere Reserve.’

    MGK Menon was a scientist

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  • 3 Navy Ships to Be Deployed at Gwadar in Arabian Sea by China [ Eco. ]

    China will deploy its naval ships along with Pakistan Navy to safeguard the strategic Gwadar port and trade routes under the USD 46billion China-Pakistan Economic Corridor, a navy official shedding light on a plan that is likely to alarm India.

    Chinese Naval Vessels at Gwadar port

    Chinese Naval Vessels at Gwadar Port

    Chinese Naval Vessels at Gwadar port

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  • Nov 23, 2016
  • 1 Demonetization- Encouraging Online Transactions Through Taxation [ Eco. ]

    All public sector banks and some private sector ones have agreed to waive the transaction cost for all payments made through debit cards until 31 December.Indian Railways waived service charges for E-tickets and I-tickets booked through Indian Railway Catering and Tourism Corpora

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  • Nov 18, 2016
  • 1 Four Indigenous Sonars Inducted by Indian Navy [ Eco. ]

    Navy formally inducted following four types of indigenously developed sonars that will boost its underwater surveillance capability: Abhay – compact hull mounted sonar for shallow watercrafts. Humsa UG – upgrade for the Humsa sonar system. NACS – Near-field Acoustic Characterizat

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