About Financial Action Task Force (FATF) It is an intergovernmental organization that designs and promotes policies and standards to combat financial crime. Recommendations of the FATF target Money laundering Terrorist financing Other threats to the global financial system The FATF …
About Foreign Contribution (Regulation) Act, (FCRA), 2010 The FCRA 2010 regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Foreign contribution is the donation or transfer of any currency, security or article (of beyond a specified …
Context The Goods and Services Tax (GST) Council held its meeting recently. What are the goods and services whose rates have been increased? Based on recommendations made by a Group of Ministers (GoM) led by Karnataka Chief Minister Basavaraj Bommai, …
Background In 2020, the Union Cabinet approved the National Education Policy 2020. The new policy aims to pave way for transformational reforms in school and higher education systems in the country. This policy will replace the 34 year old National …
What’s in News: The copy of what is touted as the first Tamil translation of the Bible, which was reportedly stolen from Saraswathi Mahal Library, Thanjavur, has been traced by Idol Wing CID Police to London. The first Tamil translation …
What is PMI? Purchasing Managers’ Index is an economic indicator which indicates the business activity & economic health of both the manufacturing and service sectors. PMI of India is published by Japanese firm Nikkei but compiled and constructed by IHS …
About Co-operative banks Co-operative banks are financial entities established on a co-operative basis and belonging to their members. This means that the customers of a co-operative bank are also its owners. These banks provide a wide range of regular banking …
About SCO Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation established in 2001. Prior to the creation of SCO in 2001, Kazakhstan, China, Kyrgyzstan, Russia and Tajikistan were members of the Shanghai Five. Following the accession of Uzbekistan …