We4u IAS

                                                                                                                                                                                                                                2024 Yojama CDE  

                                                                                                                         MAY CURRENT AFFAIRS 2024

  National Handloom Day 2024 Why In News: National Handloom Day 2024 will be celebrated on August 7th, 2024 to honour India’s rich handloom heritage. As the nation celebrates the 10th National Handloom Day 2024, Prime Minister Narendra Modi gave a call for ‘Vocal for Local.’ The day promotes indigenous craftsmanship, supports weavers, and highlights the handloom sector’s socio-economic significance. Significance of Handlooms in India ·        The Handloom Sector in India is a significant and key performing part of the country’s economy, culture, and social fabric. Here are some key aspects that underline the significance of National Handloom Day: 1.      Economic Contribution Employment: The handloom industry is the second-largest employment provider in India after agriculture. Handloom Industry and Exports: Handloom products contribute significantly to India’s export earnings was $1802.36 Mn during Apr-Mar 2024; G...

 

  Prehistory- Test Sheet   1. Consider the following pairs:      Paleolithic Age Site                          State 1.     Bhimbetka                              :   Madhya Pradesh 2.     Hunsgi                                    :   Karnataka 3.     Sarai Nahar Rai                       : Bihar 4.     Chirand         ...

  Forum for India–Pacific Islands Cooperation (FIPIC) Q      The Forum for India-Pacific Islands Cooperation (FIPIC) is a multilateral platform established by India to enhance cooperation with the Pacific Island countries. Q      FIPIC was established by India in 2014 during the first FIPIC Summit held in Suva, Fiji. Q      The initiative was announced by PM Narendra Modi as part of India’s broader “Act East” policy to strengthen engagement with the Pacific Island countries. Q      Purpose: To enhance India’s engagement with Pacific Island nations and support their development priorities through cooperative projects and initiatives. Forum for India–Pacific Islands Cooperation (FIPIC) Q      Members: Includes India and 14 Pacific Islands nations (Cook Islands, Fiji, Kiribati, Marshall Islands, Federated States of Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, Papu...

  Angel Tax Why In News? Union Budget 2024-25 announces the scrapping of angel tax for all investors. while presenting the Union Budget 2024-25 in Parliament today. She added that this move is aimed to bolster the Indian start-up eco-system, boost the entrepreneurial spirit and support innovation. What is Angel Tax? Angel tax was levied on the capital raised via the issue of shares by unlisted companies from an Indian investor if the share price of issued shares exceeded the fair market value of the company. The excess funds raised at prices above fair value were treated as income, on which tax was levied. The tax derives its genesis from section 56(2) (viib) of the Income Tax Act, 1961. It was first introduced in 2012 to prevent black money laundering through share sales. It was levied at a rate of 30.9% on net investments in excess of the fair market value.