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Category Archives: 2016-08-AUGUST

Government decided to grant Permanent Residency Status to foreign investors

The government on Wednesday decided to woo foreign investors with permanent residence status if they bring in significant investment.

According to Home Ministry proposal, high net worth foreign individuals can be granted PRS if they make a minimum investment of …

India and US signs Logistics Exchange Memorandum of Agreement

LEMOA was signed between India and the US on 29th August in Washington, in the presence of visiting defense minister, Manohar Parrikar and US secretary of defense, Ashton Carter. It was one of the four ‘foundational pacts’ that the …

FATCA & CRS- an effective tool against tax evasion

FATCA and CRS are the global reporting standards for the automatic exchange of tax information, developed by US and OECD respectively. These standards will not only restrict tax evasion but also restricts black money, hawala transactions, money laundering and terrorist …

Important weekly news for IAS preparation: 1-7 August, 2016


  1. Inter-state disputes and Article-131: visit:
  2. Kashmir & UNO: visit:
  3. Securing the Indus treaty: visit:
  4. SC non-clarification on Anti-defection law: visit:


  1. GST: visit:
  2. GST: visit:
  3. Inflation targeting & RBI: visit: 

Dispute between AAP-Centre: a federal dispute under Article 131 of the Constitution or not

SC asked the Delhi Government to appeal against Delhi HC verdict, and then they will hear its case.

Earlier Delhi High Court held that Lt. Governor is the administrative head of National Capital Territory and all the decisions taken by …

UN says won’t monitor situation in Kashmir: snub to Pakistan

In an unusual move, the UN has backtracked from its earlier statement that it will continue to monitor the situation in Kashmir through its military observer group in India and Pakistan (UNMOGIP).  Recently UN had said that it will continue …

SC refuses to clarify grey areas in Anti-defection law

Supreme Court refused to answer the queries whether a lawmaker expelled by a political party can be tried for Anti-defection Act for defying a party whip even after their expulsion or not.

The petition was filed by Amar Singh and …

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