GS-III

Tender for fighter jets by mid-2019

The final tender (the request for proposal) for the purchase of 110 fighter aircraft for the Indian Air Force (IAF) can be expected only around mid-2019, a senior defence source said, confirming that the IAF was evaluating responses to its request for information from six global firms. “The bids received …

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GST revenue in July rises to Rs. 96,483 cr.

“The total gross GST revenue collected in July 2018 is Rs. 96,483 crore, of which CGST is Rs. 15,877 crore, SGST is Rs. 22,293 crore, IGST is Rs. 49,951 crore (including Rs. 24,852 crore collected on imports) and cess is Rs. 8,362 crore (including Rs. 794 crore collected on imports),” …

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Cabinet okays 51% stake for LIC in IDBI

The Union Cabinet on Wednesday gave its approval to the government’s decision to reduce its stake in IDBI Bank below 50%, with Life Insurance Corporation raising stake in the bank to 51%. The boards of IDBI Bank and LIC have both given their approval for the deal. This policy will …

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RBI flags ‘currency war’ risk to stability

Reserve Bank of India (RBI) Governor Urjit Patel has flagged the risks to macroeconomic stability from a potential ‘currency war’ in the wake of rising global trade tensions and said the central bank’s decision on Wednesday to raise interest rates was aimed at firmly anchoring inflation expectations. “RBI’s statements on …

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Centre warns against data abuse

The government told the social media platforms that fake news or abusive news could not be circulated and re-circulated to “create crimes”, Mr. Prasad said. “Therefore, the origin of those news should also be technologically answered. I have made it clear to them that it does not need rocket science …

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Logo, tagline launched for GI

A GI product is primarily an agricultural, natural or a manufactured product (handicraft and industrial goods) originating from a definite geographical territory. Darjeeling Tea, Tirupati Laddu, Kangra Paintings, Nagpur Orange and Kashmir Pashmina are among the registered GIs in India. Mr. Prabhu said the initiative would help promote awareness and …

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