Current affairs

India’s Defence Budget 2024, Highlights and Comparison with China

In a bid to strengthen its military capabilities and infrastructure, India has significantly increased its defence budget for the fiscal year 2024-25. The allocation of ₹6.21 lakh crore (approximately US $75 billion) marks a substantial rise from the previous year’s...

Centre allocates ₹1000Cr venture fund to boost Space Economy in India

Context: In the recent Budget 2024, the Finance minister announced Rs.1000 crore venture capital to fund the space economy. Space Economy The space economy refers to the broad range of activities and the use of resources that create value and...

What is Angel Tax? Key Features and Abolition of Angel Tax

Finance Minister Nirmala Sitharman scrapped the angel tax in a bid to strengthen the startup ecosystem and to support innovation in the country. Know all about Angel tax in this article. What is Angel Tax? The angel tax, formally known...

Economic Survey 2024 Released, Check Key Highlights Chapter-wise

The Economic Survey 2024, released on July 22, 2024, a day before the Union Budget, provides an in-depth analysis of India's economy and future outlook. Delayed due to the general election, it was presented by Chief Economic Adviser V. Anantha...

Gig Economy in India, Regulation for Gig Workers

Context: The Karnataka government plans to introduce a bill aimed at improving the welfare of gig workers. What is the Gig Economy? The gig economy refers to a free market system in which temporary positions are commonly characterised by the...

Micro, Small and Medium Enterprises (MSME)

Context: The Economic Survey highlighted areas for MSME growth. Micro, Small and Medium Enterprises (MSME) Regulatory Framework: MSMEs are regulated under the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. Governing Body: The Ministry of MSME manages MSMEs in...

Fire Broke Out On Naval Frigate INS Brahmaputra

INS Brahmaputra, a naval frigate, has been left "listing on its port side" following a fire that broke out during a refit at the Naval Dockyard in Mumbai. The vessel is currently lying on its side, and a junior sailor...

Focus on Female Employment to Counter Unemployment

Context: The India Employment Report (IER) 2024 highlights a complex employment scenario with rising unemployment rates. It was published by the Institute for Human Development and the International Labour Organization. India Employment Report (IER) 2024: Key Findings Unemployment Rate: Increased...

World Brain Day 2024, Themes, History and Importance

World Brain Day, also known as International Brain Day, is a significant global healthcare event observed annually on July 22. Established nine years ago, this day focuses on raising awareness about brain diseases and advocating for better healthcare, education, and...

Current Affairs 20th July 2024 for UPSC Prelims Exam

Assam Moidams - World Heritage List Context: The Moidams, located in Assam, have been nominated for inclusion in the UNESCO World Heritage Sites’ list. About Assam Moidams The Moidams are linked to the Tai Ahom rulers who migrated from Yunnan,...