About the National Anti-Profiteering Authority (NAA) Soon after the GST was rolled out from 1 July 2017, the government had approved setting up of the NAA for two years. NAA is a statutory body constituted under the Central Goods and …
Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
About KVIC The Khadi & Village Industries Commission is a statutory organization established under the Khadi and Village Industries Commission Act, 1956. It is engaged in promoting and developing khadi and village industries for providing employment opportunities in rural areas, …
About Banni Grasslands Banni region comprises around 3000 sq.km area under Bhuj taluka of Kutch district of Gujarat. It is home to one of the prominent pastoralist communities, the Maldharis. The Banni region emerged from the sea as a result …
Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
CONTEXT The Centre has abolished several appellate tribunals and authorities and transferred their jurisdiction to other existing judicial bodies through the Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance 2021. This Ordinance has been challenged in the Supreme Court. CRITICISM …
Why in the News? The government, which plans a law to ban private digital currencies, favours a digital currency backed by the Reserve Bank of India. Uncertainty over the legal status of cryptocurrencies is unnerving Indian investors who, according to …
About WMA The Reserve Bank of India (RBI) gives temporary loans to the centre and state governments as a banker to the government. This facility is called Ways and Means Advances (WMA). This facility was introduced in 1997. Thus, WMA …
About CVC The Central Vigilance Commission (CVC) was set up in 1964 on the recommendations of the Committee on Prevention of Corruption, headed by K. Santhanam, as the apex vigilance institution under the Central Government. The Commission was given statutory …
What’s in the news? The Science and Engineering Board (SERB) has launched the portal called ‘SERB – PRoject Information System & Management (SERB – PRISM)’. Developed by SERB, this portal is designed to provide information regarding projects sanctioned by SERB …