Questions

Nirbhay missile is India's first indigenously designed and developed long range sub-sonic cruise missile.It is designed and made by DRDO (Defence Research & Development Organisation).The Nirbhay missile can be deployed from multiple platforms.

Goods and Services Tax (GST)  will replace  all  central  as well as  state taxes  by  a  single  tax.  GST  will subsume  various  Central  indirect taxes,  including  the  Central  excise duty,Countervailing  duty,  Service tax,  etc.  It  also  subsumes  State Value Added Tax(VAT), Octroi and entry    tax,    Luxury    tax,    etc. Petroleum  products  like  kerosene, naphtha  and  LPG  will  be  under GST,  while  five  items,  including crude oil, natural gas, aviation fuel, diesel    and    petrol    have    been excluded.    Alcohol    for    human consumption will be out of GS

In August 2016, The Government of India is seized of the reported leak of documents related to the ongoing Indian Scorpene submarine programme as reported in sections of the media. The documents that have been posted on the website by an Australian news agency have been examined and do not pose any security compromise as the vital parameters have been blacked out.

The Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as member in ‘Financial Stability Institute Advisory Board’ of ‘Bank ofInternational Settlement (BIS)’. The Advisory Board will comprise a small but diverse group of central bank Governors, heads of financial sector supervision and chairs of standard-setting bodies and regional supervisory groups.Note:The ‘Financial Stability Institute Advisory Board’ of BIS assists financial sector authorities worldwide in strengthening their financial systems.