January 18, 2019January 19, 2019
Quiz January 10, 2019January 21, 2019
Current Affairs for Engineering Service Exam
- National and International Issues on
- Economic Development
- Social Development
- Industrial Development
- Energy and Environment
- Information and Communication Technology
- General Knowledge
Topic 1:Economic development
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 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 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.
- 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 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