The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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‘Financial Stability and Development Council (FSDC)’ is chaired by
Solution (a)
Chairperson of FSDC – The Union Finance Minister of India
Solution (a)
Chairperson of FSDC – The Union Finance Minister of India
Consider the following statements with respect to ‘District Mineral Foundation (DMFs)’.
Select the correct statements
Solution (d)
All the statements are correct.
Setting up of District Mineral Foundations (DMFs) in all districts in the country affected by mining related operations was mandated through the Mines and Minerals (Development & Regulation) Amendment Act, (MMDRA) 2015
Pursuant to the 2015 amendment and creation of DMFs, the Union brought into effect the Pradhan Mantri Khanij Kshetra Kalyan Yojna (PMKKKY) in September 2015. The PMKKKY, inter alia, laid down the scheme qua the utilisation of the funds generated by the DMFs.
The DMF funds are collected at the district level and are essentially contributions from holders of mining leases.
The DMFs generates fund by way of reserving 10% or 30%, as the case may be, of the royalty proceeds from the mining of minerals in the respective districts. From the total collections accrued under DMF, the mechanism provided envisages spending the same in the ratio of 60:40, 60% being for projects classified as high priority areas which include health care, education, sanitation, drinking water supply, women and child care, environment conservation, etc while the balance 40% being for projects classified as other priority areas which include construction of roads, railways, bridges etc.
Solution (d)
All the statements are correct.
Setting up of District Mineral Foundations (DMFs) in all districts in the country affected by mining related operations was mandated through the Mines and Minerals (Development & Regulation) Amendment Act, (MMDRA) 2015
Pursuant to the 2015 amendment and creation of DMFs, the Union brought into effect the Pradhan Mantri Khanij Kshetra Kalyan Yojna (PMKKKY) in September 2015. The PMKKKY, inter alia, laid down the scheme qua the utilisation of the funds generated by the DMFs.
The DMF funds are collected at the district level and are essentially contributions from holders of mining leases.
The DMFs generates fund by way of reserving 10% or 30%, as the case may be, of the royalty proceeds from the mining of minerals in the respective districts. From the total collections accrued under DMF, the mechanism provided envisages spending the same in the ratio of 60:40, 60% being for projects classified as high priority areas which include health care, education, sanitation, drinking water supply, women and child care, environment conservation, etc while the balance 40% being for projects classified as other priority areas which include construction of roads, railways, bridges etc.
Which of the following is referred to as ‘India’s antitrust body’?
Solution (c)
India’s antitrust body (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country. This is Google’s third major antitrust challenge in India.
Solution (c)
India’s antitrust body (CCI) is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country. This is Google’s third major antitrust challenge in India.
Which of the following statements is/are correct?
Select the correct statements
Solution (c)
According to the Jammu and Kashmir Reorganisation Act 2019, the districts of Kargil and Leh form Ladakh and the rest make up the Union Territory of Jammu and Kashmir. The Governor of Jammu and Kashmir is now the Lieutenant Governor, who is now the principal administrator on the lines of Puducherry.
The tenure of Jammu and Kashmir Assembly will be five years compared to six years earlier. In the Lok Sabha, the Union Territory of Jammu and Kashmir will have five MPs while the Ladakh will have two.
Jammu and Kashmir will have its own Legislative Assembly with an increased number of seats. The Jammu and Kashmir Reorganisation Act lists 83 constituencies. Earlier, the Jammu and Kashmir Assembly had 87 members excluding the seats reserved for Pakistan-occupied Kashmir.
The Election Commission will now carry out a delimitation process in Jammu and Kashmir. The Act states that Jammu and Kashmir Assembly will have 107 seats (including 24 vacant ones for PoK) which will be increased to 114 after delimitation.
Solution (c)
According to the Jammu and Kashmir Reorganisation Act 2019, the districts of Kargil and Leh form Ladakh and the rest make up the Union Territory of Jammu and Kashmir. The Governor of Jammu and Kashmir is now the Lieutenant Governor, who is now the principal administrator on the lines of Puducherry.
The tenure of Jammu and Kashmir Assembly will be five years compared to six years earlier. In the Lok Sabha, the Union Territory of Jammu and Kashmir will have five MPs while the Ladakh will have two.
Jammu and Kashmir will have its own Legislative Assembly with an increased number of seats. The Jammu and Kashmir Reorganisation Act lists 83 constituencies. Earlier, the Jammu and Kashmir Assembly had 87 members excluding the seats reserved for Pakistan-occupied Kashmir.
The Election Commission will now carry out a delimitation process in Jammu and Kashmir. The Act states that Jammu and Kashmir Assembly will have 107 seats (including 24 vacant ones for PoK) which will be increased to 114 after delimitation.
‘Tadipatri’ was in news recently. Where is it located?
Solution (a)
Tadipatri, a town in Anantapur District of Andhra Pradesh, located on the banks of River Pennar has a long history going back many centuries. It was ruled by a number of kings belonging to the major dynasties of the Chalukyas of Kalyana, the Hoysalas and the monarchs of the mighty Vijayanagara Empire.
Solution (a)
Tadipatri, a town in Anantapur District of Andhra Pradesh, located on the banks of River Pennar has a long history going back many centuries. It was ruled by a number of kings belonging to the major dynasties of the Chalukyas of Kalyana, the Hoysalas and the monarchs of the mighty Vijayanagara Empire.
