UPSC Prelims News of 15 February 2023 Transfer Pricing Context: IT department conducted surveys at BBC premises for alleged non-compliance with the transfer pricing rules. About Transfer Pricing Transfer pricing refers to rules and methods of exchanging goods and services between companies under common ownership or control. Working Suppose Company A produces goods for Rs 100 and …
The government is keen to boost domestic production of vegetable oil to reduce the dependence on imports. India currently imports vegetable oil amounting to 13-14 million tonnes, valued at over $14 billion to meet domestic shortage. In the medium-to-long term, India must move towards substantial self-reliance. But the present import policy is unable to protect …
Continue reading “Editorial of the Day: Revitalising the Oilseeds Sector (The Hindu Businessline)”
Background: The Apatanis (one of the major ethnic groups of the eastern Himalayas) practice a distinctive form of agriculture where rice and fish are grown together. About Integrated Rice-Fish Cultivation The Apatani farmers have been practicing integrated rice-fish farming in their mountain terraces of Arunachal Pradesh since the 1960s. The climate ranging from humid subtropical …
Context: Recently the Geological Survey of India (GSI) established 5.9 million tonnes inferred resources of lithium in Salal-Haimana area of Reasi district of Jammu and Kashmir (J&K). What are Inferred Resources? The term ‘inferred’ refers to the ‘preliminary exploration stage’, the second of a four-step process, according to the Mines and Minerals (Development and Exploration) …
Continue reading “Lithium Discovery: Social and Environmental Risks”
Context: Public Sector Undertakings (PSUs) in the coal sector have taken several measures to ensure sustainable coal mining in the country. India and Coal Mining Electricity generation: Coal accounts for over 70% of India’s electricity generation, making it the primary source of energy in the country. Production: India is the second-largest coal-producing country in the …
Context: The Supreme Court of India recently issued notices to the Union Government and five States over the failure to elect a Deputy Speaker. More on Deputy Speaker A PIL has been filed in the Supreme Court (SC) that contends that not electing a Deputy Speaker to the 17th (present) Lok Sabha is “against the …
Anglo-Nepalese War The Anglo-Nepalese War began in 1814 and lasted until 1816. During the Anglo-Nepalese War, the British East India Company (EIC) suffered numerous defeats at the hands of Nepalese Gurkhas before triumphing after a protracted conflict that for the first time expanded EIC dominance outside of India. Since then, the British have enlisted the …
Continue reading “Anglo-Nepalese War, History, Causes, Treaty of Sugauli 1816”
The Hindu Newspaper Analysis for UPSC The Hindu Newspaper Analysis 14 February 2023 The Hindu Editorial Today Just five days after Reserve Bank of India Governor Shaktikanta Das asserted that inflation ‘has shown signs of moderation and the worst is behind us’, Monday’s release of Consumer Price Index (CPI) estimates for January revealed a disconcerting …
Continue reading “The Hindu Newspaper Analysis 15 February 2023”
The Union Budget 2023-24 provides a good opportunity to take stock of the fiscal situation as this is the first ‘normal’ budget after 2018-19. The 2019-20 year witnessed the NBFC crisis; 2020-21 saw the pandemic and 2021-22 the recovery, while 2022-23 had a global turmoil in the wake of the Russian invasion of Ukraine. The …
Continue reading “Editorial of the Day: India’s Fiscal Dilemma (Indian Express)”
Background: A blockchain-based system for e-Attestation can serve as a verification clearinghouse for the required documents against the current system of Notary Attestation. About e-Attestation using Blockchain Existing Notary Process: The current challenges using Notary/Physical system of Attestation are: High Operational Cost, as it involves repeated processes for compliance, thereby impacting productivity of personnel. Inflexible …
WhatsApp
