Paramahansa Mandali Dadoba Pandurang, Mehtaji Durgaram, and others established the Paramahansa Mandali in Maharashtra in 1849. Its founders had a single-god belief and were primarily motivated by caste restrictions. Members ate food prepared by members of low castes during its sessions. Dadoba outlined seven guiding principles for this new movement in his book Dharma Vivechan: …
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The Hindu Newspaper Analysis for UPSC The Hindu Newspaper Analysis 8 February 2023 The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points (bps) to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to …
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RBI Governors of India The Central Bank of India is the Reserve Bank of India, or RBI. The Reserve Bank of India (RBI) was created on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934, and on the advice of the “Hilton-Young Commission.” The RBI was formerly privately …
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Fiscal Policy Meaning Fiscal Policy refers to the use of government spending and tax policies to affect macroeconomic conditions, particularly employment, inflation, and macroeconomic variables such as aggregate demand for goods and services. These actions are primarily intended to stabilize the economy. To accomplish these macroeconomic objectives, fiscal and monetary policy actions are usually combined. …
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Context of the Article: The Budget 2023 presents a solid roadmap for India’s growth trajectory with guiding principles set around inclusive and sustained growth. Author’s Views on Taxation Tax buoyancy: Formalisation of the economy, implementation of GST, and digitalisation have been major drivers of tax buoyancy — both indirect tax and GST collections. Rationalising tax: …
Rajasthan’s Open Prison Model Background Rajasthan has adopted an open prison model, with convicts staying on community land without high walls or strict surveillance, which has promoted a reformative form of punishment and succeeded in transforming the lives of inmates. About the Open Prison Model of Rajasthan According to the Rajasthan Prisoners’ Open Air Camp …
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Context: Capital markets regulator SEBI (Securities and Exchange Board of India) has issued the operation guidelines for the issuers of green debt securities (green bonds). Major Highlights of the Framework for Green Bonds The need for the framework: It has been issued in the backdrop of growing interest in sustainable finance globally and to align …
Context: The Union Budget 2023-24 has highlighted “Green Growth” as one of the seven priorities for future growth. Key Initiatives Outlined in the Budget towards Green Growth Infrastructure The Government of India (GoI) plans to allocate a significant portion of its budget for green growth towards infrastructure spending through the following: Transitioning to renewables and …
Context: The Supreme Court has refused to set aside a provision that allows candidates to contest polls from two constituencies simultaneously. More on the News Petition: The plea sought the court to declare Section 33(7) of the Representation of People Act, 1951 invalid and ultra vires. Court’s Views: The court chose to leave the issue …
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Context: Recent Union Budget of 2023-24 has accorded high priority to millets — grains such as jowar, bajra, ragi — citing their health benefits. International Year of Millets (IYOM) 2023 On March 3, 2021, the United Nations General Assembly (UNGA) adopted a resolution to declare 2023 as the International Year of Millets. The proposal was …
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