Budget and Constitutional Provisions •According to Article 112 of the Indian Constitution, the Union Budget of a year is referred to as the Annual Financial Statement (AFS). •It is a statement of the estimated receipts and expenditure of the Government in a financial year (which begins on 01 ...

Seismic Zones in India: ▪️ There are four seismic zones (II, III, IV, and V) in India based on scientific inputs relating to seismicity, earthquakes occurred in the past and the tectonic setup of the region. ▪️ Previously, earthquake zones were divided into five zones with respect to the ...

•Amended Provisions of the Constitution. •Empowered the state to consider the unfilled reserved vacancies of a year as a separate class of vacancies to be filled up in any succeeding year or years. Such class of vacancies are not to be combined with the vacancies of the year in which they are ...

•Guaranteed Time-bound Deposit Insurance Payment up to ₹5 Lakh’. •The bank savings are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act providing full coverage to around 98 per cent of bank accounts. •Earlier, account holders had to wait for years till the ...

• The ST and SC Development Department of the Odisha government has started a project called ‘Samhati. • It intends to address the language issues faced by tribal students in early grades or elementary classes. • Under this, the department plans to cover approximately 2.5 lakh students in ...

□ WHY IN NEWS ? An ‘ecological disaster’ of sorts is unfolding on a black volcanic beach of the Kamchatka Peninsula in the Russian Far East, according to a report. □ ABOUT :- ◇ The Kamchatka Peninsula is a 1,250-kilometre-long peninsula in the Russian Far East. ◇ The Pacific Ocean ...

•Fiscal deficit indicates the borrowing requirements of the government during the budget year. By implication, greater fiscal deficit signifies greater borrowing by the government. •The extent of fiscal deficit is an indicator of the amount of expenditure for which the government has to ...

Fiscal Deficit •A situation of fiscal deficit is said to happen when the government’s total expenditures exceed the revenue that it generates excluding the money from borrowings. •The deficit is different from debt. Debt is actually an accumulation of yearly deficits. •The fiscal deficit ...

PARLIAMENTARY LEGISLATION IN THE STATE FIELD. □ When States Make a Request ◇ When the legislatures of two or more states pass resolutions requesting the Parliament to enact laws on a matter in the State List, then the Parliament can make laws for regulating that matter. ◇ A law so ...

PARLIAMENTARY LEGISLATION IN THE STATE FIELD. □ When Rajya Sabha Passes a Resolution ◇ If the Rajya Sabha declares that it is necessary in the national interest that Parliament should make laws with respect to goods and services taxes or a matter in the State List, then the Parliament ...