About GSP The Generalized System of Preferences (GSP) scheme is a voluntary trade measure implemented by developed countries that provide an advantageous or preferential tariff treatment to imports from developing countries. It was instituted in 1971 under the aegis of …
About the Scheme Rashtriya Uchchatar Shiksha Abhiyan (RUSA) is a Centrally Sponsored Scheme which aims at providing strategic funding to eligible state higher educational institutions. The Ministry of Education is the nodal agency administering the program. Funding The Central Funding …
What is the Chagos Islands dispute about? Chagos Islands is a disputed territory between Mauritius and the United Kingdom. The Chagos Archipelago was part of the British colony of Mauritius until 1965 when the UK separated the islands to form …
About NIIF National Investment and Infrastructure Fund (NIIF) is an Indian-government backed entity established in 2016 to provide long-term capital to the country’s infrastructure sector. It was established with a planned corpus of ₹40,000 crore. The NIIF aims to maximize …
What is a classical language? A classical language in India is defined as a language with a high degree of antiquity, a rich and original literary heritage, and a significant impact on the cultural and intellectual development of the region. …
What is persona non grata? Persona non grata is a Latin phrase which means “unwelcome person.” In diplomacy, it refers to a diplomat or foreign person whose entering or remaining in a certain country has been prohibited by that country. …
About Minimum import price (MIP) is a temporary measure to provide protection to domestic farmers from predatory pricing of imports. Below this price, import of the commodity is not allowed. It is imposed by the Directorate General of Foreign Trade …
About DAC Defence Acquisition Council (DAC) is constituted under the Ministry of Defence (MoD) for overall guidance of the defence procurement planning process. The Defence Minister is the Chairman of DAC. Its members include the Chief of Defence Staff (CDS) …
About IBBI The Insolvency and Bankruptcy Board of India (IBBI) was established in 2016 under the Insolvency and Bankruptcy Code, 2016. It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the …