About Liberalized Remittance Scheme The liberalized remittance scheme allows Indian residents to remit funds abroad for various specified purposes without any restrictions or prior approval from the RBI. It has several advantages but is subject to certain eligibility criteria. The …
About ASEAN The Association of Southeast Asian Nations, or ASEAN, is a regional & intergovernmental organisation of 10 countries of southeast Asia. ASEAN was established in 1967 in Bangkok, Thailand, with the signing of the ASEAN Declaration (Bangkok Declaration). Its …
About EMRS The scheme of Eklavya Model Residential Schools (EMRSs) was introduced in the year 1997-98 with an objective to provide quality middle and high-level education to Scheduled Tribe (ST) students in remote areas in order to enable them to …
What’s in the news? The 27th edition of Exercise MALABAR, concluded on the East Coast of Australia off Sydney recently. The exercise saw participation of Ships, Submarines and aircraft from the Indian Navy (IN), Royal Australian Navy (RAN), Japan Maritime …
Context This article highlights the need for geographic diversification of corporate social responsibility (CSR) spending and the way forward for its implementation. What is Corporate Social Responsibility? CSR is a management concept through which a company achieves a balance of …
Context This article highlights the positives of AI adoption and its adverse economic impact as well. About Artificial Intelligence (AI): It refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their …
About IFSC An International Financial Services Centre (IFSC) is a jurisdiction that provides world class financial services to non-residents and residents in a currency other than the domestic currency (Indian Rupee) of the location where the IFSC is located. Services …
What is Global Minimum Tax? A global minimum tax is a proposal to impose a minimum rate of taxation on corporate income in most countries of the world by international agreement. In 2021, 136 countries and jurisdictions agreed to a …