TRIUMPH IAS ACADEMY MUMBAI

Government of India has launched PM SVANidhi Scheme to facilitate collateral free working capital loan upto Rs.10,000/- of one-year tenure, to approximately, 50 lakh street vendors, to resume their businesses.  Incentives in the form of interest subsidy (@ 7% per annum) and cash back (upto Rs.1,200/- per annum) are being provided to promote good repayment behaviour and digital transactions respectively. The interest subsidy effectively works out to 30 % of the entire interest burden for a loan of Rs. 10,000 @ 24 % annual interest. Therefore, in effect the vendor does not pay any interest, rather gets a subsidy on the loan amount if he repays in time and uses digital transactions for all receipts and payments. The scheme entails enhanced next tranche of loan on early or timely repayment.  Loan processing has begun since July 02, 2020 through an IT platform “PM SVANidhi” with Small Industries Development Bank of India (SIDBI), which is the implementing agency for the scheme ...

Barring fertiliser, all seven sectors — coal, crude oil, natural gas, refinery products, steel, cement, and electricity — had recorded negative growth in May. The output of eight core infrastructure industries shrank by 23.4% in May due to the  coronavirus -induced lockdown, according to the official data. Also read:  IMF projects sharp contraction of 4.5% in Indian economy in 2020 The eight core sectors had expanded by 3.8% in May 2019, the data released by the Commerce and Industry Ministry on June 30 showed. Barring fertiliser, all seven sectors — coal, crude oil, natural gas, refinery products, steel, cement, and electricity — had recorded negative growth in May. During April-May 2020-21, the sectors output dipped by 30% as compared to 4.5% in the same period previous year. Also read:  Indian economy to contract by 4% in 2020-21, forecasts ADB “In view of nationwide lockdown during April and May 2020 due to COVID-19 pandemic, various industries ...

Focus on four areas He said the investment will focus on four areas important to digitization including enabling affordable access and information for every Indian in their own language, building products and services that are deeply relevant to India’s unique needs, empowering businesses in their digital transformation journey and leveraging technology and AI for social good, in areas like health, education, and agriculture. With today’s announcement, Google becomes the latest U.S.-based technology firm to commit investments in India. In April, social networking major  Facebook bought 9.9% stake in Jio Platform  for ₹43,573.62 crore, while e-commerce giant  Amazon had in January announced $1 billion investment  over five years to help digitise small and medium businesses. In India, Google has invested in multiple startups — either directly or via Alphabet’s growth fund CapitalG. Some of these start ups are Dunzo, Fynd, Halli Labs, Where in My Train, Aye Fina...

Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia's first & the Fastest Stock Exchange in world with the speed of 6 micro seconds and one of India's leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers' Association’ in 1875. In 2017 BSE become the 1st listed stock exchange of India. Today BSE provides an efficient and transparent market for trading in equity, currencies, debt instruments, derivatives, mutual funds. BSE SME is India’s largest SME platform which has listed over 250 companies and continues to grow at a steady pace. BSE StAR MF is India’s largest online mutual fund platform which process over 27 lakh transactions per month and adds almost 2 lakh new SIPs ever month. BSE Bond, the transparent and efficient electronic book mechani...

With the announcement of COVAXIN by Bharat Biotech and ZyCov-D Vaccine by Zydus Cadila the proverbial silver line in the dark clouds of COVID19 appears at the horizon. Now the nod given by the Drug Controller General of India CDSCO (The Central Drugs Standard Control Organisation) for the conduct of the human trial for the vaccines, marks the beginning of the end. In the past years, India has emerged as one of the significant vaccine manufacturing hubs. Indian manufacturers account for 60% of vaccine supplies made to UNICEF. The vaccine for novel coronavirus may be developed anywhere in the world, but without Indian manufacturers involved the production of required quantity is not going to be feasible. Vaccine race More than 140 candidate vaccines are under various stages of development. One of the leading candidates is AZD1222 developed Jenner Institute of University of Oxford and licenced to AstraZeneca British-Swedish multinational pharmaceutical and biopharmaceutical ...

The Government of India, on 29 th  June, 2020, made an important announcement.  The Ministry of Electronics & Information Technology banned 59 mobile apps , based on information that these apps threaten the sovereignty and integrity of India, defence of India, security of state and public order. The list of apps which will no longer be available to users in India includes the popular social media platform TikTok, file transfer service ShareIt, social networking service Helo and document scanning application CamScanner. The Government has done this by invoking its powers under Section 69A of the Information Technology Act, as well as relevant provisions of the Information Technology (Procedure and Safeguards for Blocking of Access of Information by Public) Rules 2009. Stealing and Mining of Data by Elements Hostile to National Security One of the reasons that led to the ban of these apps is the intelligence that some apps have been stealing and surreptitiously trans...

UPSC is an exam which is designed for people who are 1) Consistency The most important factor which decides your success in upsc is consistency, if you are regular with your studies, test series and newspaper analysis, mains answer writing practice, you are way through it. 2) Revision Many people keep on reading new things and forget to revise, revision is the key to success, if you are doing it all the time then during exam time, all the information is in front of your eyes which will make you topper at upsc. 3) Paper Analysis and solving tricks This exam is more about strategy than about information or knowledge, it is about your application of knowledge in limited time at exam hall. Therefore it is important to understand, types of questions and their patterns. It is important to solve the papers on time or within the time frame, which requires a consistent effort. 4) Toppers talk A lot can be learnt from toppers interview, as their mistakes and their learnings. ...

As per the latest ruling of the turkish supreme court, the status of museum is replaced with that of mosque, Ataturk had converted the hagia sophia or aya sophya mosque in to a museum after the fall of Osmani Caliphate in 1924. The status of mosque is being restored by the turkish government and as per the laws of land and soverignty of turkey.