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Prelims Current Affairs Quiz

UPSC Prelims Current Affairs

UPSC Mains Current Affairs

January 2026

Current Affairs

GS-I: Indian Culture (0)
GS-I: Indian Society (0)
GS-I: Modern Indian History (0)
GS-I: Modern World History (722)
GS-II: Constitution of India & Polity (0)
GS-II: Governance (0)
GS-II: International Relations (1)
GS-II: Social Justice (0)
GS-III: Economic Development (101)
GS-III: Environment & DM (0)
GS-III: Internal & External Security (0)
GS-III: Science & Technology (0)
GS-IV: Ethics, Integrity and Aptitude (0)

Loan Waiver

A loan waiver is a financial relief measure. It involves the cancellation of debts owed by borrowers. This policy often targets farmers and low-income individuals. Governments implement loan waivers to alleviate economic distress. Critics argue it may encourage irresponsible borrowing. Supporters claim it boosts economic stability. The impact varies across regions and sectors, reflecting diverse economic conditions.

Taxability of Loan Waiver Under Income Tax Provisions

The Central Board of Direct Taxes (CBDT) issued clarifications on the tax treatment of loan waivers in India. The guidelines specify conditions under which loan waivers are taxable...

April 18, 2026