06 March, 2020
2 Min Read
Syllabus subtopic: Statutory, Regulatory and various Quasi-judicial Bodies.
Prelims and Mains focus: about the move and its significance; about EPFO
News: Salaried employees are set to get 0.15% less in interest on provident fund deposits for 2019-2020, with the Central Board of Trustees of the Employees’ Provident Fund reducing the interest rate from 8.65% to 8.5%.
Other measures taken
The Constitution of India under "Directive Principles of State Policy" provides that the State shall within the limits of its economic capacity make effective provision for securing the right to work, to education and to public assistance in cases of unemployment, old-age, sickness & disablement and undeserved want. The EPF & MP Act, 1952 was enacted by the Parliament of India and came into force with effect from 4 March 1952 as part of a series of legislative interventions made in this direction.
Source: The Hindu
India and Bangladesh Relations News: The 4th India-Bangladesh Annual Defence Dialogue, which was recently held in Delhi, decided to intensify the cooperation between the two-armed forces. Highlights Military training The discussions focused on the current bilateral training and exercises, and it was decided to make them more challeng
Digital Currency Over 7% of India's population possessed digital currency in 2021, according to a recent report by the United Nations Trade and Development Body (UNCTAD). Additionally, India was rated eighth in terms of population ownership of digital currencies among the top 20 economies worldwide. HIGHLIGHT When it comes to
Booster Dose: Corbevax According to a recent announcement from the Indian government, persons who have already taken Covishield or Covaxin as their first or second dosage of Covid-19 may take Corbevax as their third booster shot. Corbevax is still seeking the Emergency Use Listing (EUL)from the World Health Organization Up until this poin
Mid-day Meal Scheme There is recent proof that children who receive eggs as part of midday meals have a considerable boost in their growth, according to a study commissioned by the Karnataka government. About the recent study While the request to include additional dist
Declining Mangrove Cover NASA recently brought attention to the disappearance of mangroves on Katchal Island, which is a part of India's Nicobar archipelago. Findings Of NASA Mangrove loss: The study revealed how much of the world's mangroves have disappeared during the last two decades. On August 8, 2022, the NASA Earth
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