Daily Archives: May 10, 2022

GOPAL KRISHNA GOKHALE

The Prime Minister of India paid tribute to Gopal Krishna Gokhale on his Jayanti. Gopal Krishna Gokhale was a great social reformer and educationist who provided exemplary leadership to India’s freedom movement. 9th May 1866 in Kotluk village in present-day Maharashtra (then part of the Bombay Presidency). Gokhale worked towards social empowerment, …

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BIOFUELS IN INDIA

The level of ethanol blending in petrol in India has reached 9.99%. It is one of the principal biofuels, which is naturally produced by the fermentation of sugars by yeasts or via petrochemical processes such as ethylene hydration. It is aimed at reducing the country’s dependence on crude oil imports cutting carbon emissions and boosting farmers’ incomes. The Government …

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MEMBER OF PARLIAMENT LOCAL AREA DEVELOPMENT SCHEME

Recently, the Ministry of Finance has revised the Member of Parliament Local Area Development Scheme(MPLADS) rules, where the interest that the fund accrues will be deposited in the Consolidated Fund of India. So far, the interest accrued on the fund used to be added to the MPLADS account and could be used …

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CURRENCY DEPRECIATION

The Indian rupee fell to an all-time low of 77.44 against the U.S. Dollar. Currency depreciation is a fall in the value of a currency in a floating exchange rate system. Rupee depreciation means that the rupee has become less valuable with respect to the dollar. It means that the rupee is now weaker …

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