Kautilya

Government Sees Better Fiscal Numbers in FY21 than Budgeted

The finance ministry believes India’s fiscal deficit for FY21 may not be as low as budgeted. 9.5% of GDP, with both revenue and expenditure is expected to be higher than anticipated. The central government’s fiscal position has improved in the second half of FY21 due to a revival in economic activities. T

Machine Learning Helps Pick Out Stars in A Crowd

Indian Astronomers have developed a new method based on Machine Learning that can identify cluster stars– assembly of stars physically related through common origin, with much greater certainty. The method can be used on clusters of all ages, distances, and densities. The method has been used to identify hundreds of additional stars for six different clusters up to 18000 light-years away and uncover peculiar stars.

24% More Wheat Procured in Comparison to Corresponding Period Last Year

Procurement of Wheat in ongoing RMS2021-22 is continuing smoothly in the procuring States of Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan,Delhi, Himachal Pradesh and Jammu & Kashmir at MSP, as was done in previous seasons and till now (upto17.05.2021) a quantity of over 373.51 LMT of Wheat has been procured against the last year corresponding purchase of 300.58 LMT. About38.22Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 73,768.74Crore.

Free e-Learning Platforms Developed by the Government of India

The Government of India has developed several free e-Learning platforms for the learners across various branches. The aim of free e-Learning platforms is to keep the learning and the teaching system uninterrupted and ongoing. To overcome the prevailing COVID 19 crisis, the Government of India has taken several initiatives through the Ministry of Education and UGC. Not one but many free e-Learning platforms have been developed and launched by the Government of India in due course.

FDI Hits All-Time High in FY21; Forex Reserves Jump Over $100 Billion

Net foreign direct investment (FDI) into the country hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous high of $43.013 billion that it had reach last fisacl. In a Covid-hit year, the FDI witnessed a big thrust from stake sale by Reliance Industries (RIL) group companies, which raised around $35 billion during the fiscal year.