January 19, 2019

January 18, 2019
January 19, 2019
Quiz January 10, 2019
January 21, 2019

Current Affairs for Engineering Service Exam

 Topics list:

  1. National and International Issues on
    1. Economic Development
    2. Social Development
    3. Industrial Development
  2. Energy and Environment
    1. Energy
    2. Environment
  3. Information and Communication Technology
    1. Technology
    2. Application
  1. General Knowledge

Topic 1:Economic development

Angel Tax

The government has eased the norms under which start-ups can apply for exemption from the angel tax which would otherwise be applicable on them.

The Tax:

  • The angel tax applies to unlisted companies that have raised capital through an issue of shares at a price deemed to be in excess of the fair market value of those shares.
  • The excess capital over and above the fair market value is then treated as income and taxed accordingly.
  • As this largely affects angel investments in start-ups, it has been dubbed angel tax.

Angel Investors:

  • Angel investors invest in small startups or entrepreneurs.
  • Often, angel investors are among an entrepreneur’s family and friends.
  • The capital angel investors provide may be a one-time investment to help the business propel or an ongoing injection of money to support and carry the company through its difficult early stages.

Read more at: The Hindu

Topic 1:Industrial development

India’s First Lithium Ion Giga Factory

BHEL and LIBCOIN to Build India’s First Lithium Ion Giga Factory.

Highlights:

  • The project will bring energy independence by replacing oil imports with abundant renewable.
  • This project also includes “Made by India, for India”, with focus on core-cost components manufactured domestically.
  • It will create integrated manufacturing ecosystem resulting in self-reliance and lower cost.
  • The supply chain in combination with cutting edge digital technologies to replace high CAPEX and high OPEX processes.
  • It is one of the major steps taken into its energy security and clean energy commitment to the world.

Read more at:PIB

Small Farmers’ Agri-Business Consortium (SFAC)

Government of India recently concluded the silver Jubilee Celebrations of the Small Farmers’ Agri-Business Consortium (SFAC).

The consortium:

  • The Government established Small Farmers’ Agri-Business Consortium (SFAC) as a Society in January 1994.
  • To facilitate agri-business ventures by catalysing private investment through Venture Capital Assistance (VCA) Scheme in close association with financial institutions.

The main functions:

  • Promotion of development of small agribusiness through VCA scheme.
  • Helping formation and growth of Farmer Producer Organizations (FPOs) / Farmer Producer Companies (FPCs).
  • Improving availability of working capital and development of business activities of FPOs/FPCs through Equity Grant and Credit Guarantee Fund Scheme.
  • Implementation of National Agriculture Market (e-NAM) Electronic Trading platform.

Read more at: PIB

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