December 2022

  The act of obtaining money from questionable sources and disguising it as legitimate money is known as money laundering. Money launderers attempt to evade taxes by hiding their true wealth, demonstrating that the concept of money extends beyond simply making money through illegal means. According to the IRS tax code, tax evasion is a […]

  India recorded a power supply shortage of 1,201 million units in October 2021 — the highest in 5.5 years — due to a crunch in coal stocks available with thermal plants. The shortage was mostly restricted to Gujarat, Haryana, Jharkhand, Punjab and Rajasthan. Important Highlights In October, Gujarat recorded a power shortage of 215 million units, the highest

Context –  The Indonesian G20 president recently held the 17th annual G-20 meeting in Bali with the theme ‘Recover Together, Recover Stronger.’ India now has the G20 presidency, and the 18th summit will be held in India in 2023. What are the Summit’s Findings? Condemning Russian Aggression: Member nations issued a statement condemning Russia’s intervention

  The annual growth rate of the technical textiles sector in the country should be in the 15%-20% range in the next five years, from the current 8%, said Union Minister of Textiles, Commerce and Industry, Consumer Affairs and Food and Public Distribution Piyush Goyal. Important Highlights: It is time to target a five times’ increase in

  Insurance in India: A Brief History: Insurance has a long history in India. It is mentioned in the literature of Manu (Manusmrithi), Yagnavalkya (Dharmasastra), and Kautilya (Arthasastra) and is most likely a forerunner of contemporary insurance. The Oriental Life Insurance Company was founded in Calcutta in 1818. Later that year, in 1870, the British

  The Reserve Bank on Monday said FPIs had been permitted to invest in debt securities issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs).   Important Highlights Necessary amendments to Foreign Exchange Management (Debt Instruments) Regulations, 2019, had been notified in October. An announcement was made in the Union Budget 2021-22 that

  Lokpal and Lokayukta- The Lokpal and Lokayukta Act of 2013 established Lokpal for the Union and Lokayukta for States. These organizations are statutory entities with no constitutional standing. They act as an “ombudsman,” investigating corruption charges against specific public officials and other relevant issues. Why do we require such organizations? Maladministration is like a

    In these competitive examinations, I find students, they are competing too much. When I say too much competing I basically would say that they are continuously trying to see that how others are performing. It’s a good idea that you should be competing because it is a competition and then, you have accordingly

  The CSE results were announced recently and this year, six out of the top 10 rankers were from engineering backgrounds. As per recent data, the number of engineers qualifying for the UPSC Civil Service examination has increased in the last 10 years. The same can be said for students coming from a core science background.

  Introduction All citizens’ moral obligations to support India’s unity and advance patriotism are known as “fundamental duties.” Both individuals and the country are affected by these obligations outlined in Part IV-A of the Constitution. Incorporation of Fundamental Duties The Russian Constitution, the former Soviet Union, served as the model for the concept of Fundamental