Sarat Chandra IAS Academy

Important Terms in 8th August-2020 News


Real Estate Investment Trusts (REIT)

  • A REIT is roughly like a mutual fund that invests in real estate although the similarity doesn’t go much further.
  • The basic deal on REITs is that you own a share of property, and so an appropriate share of the income from it will come to you, after deducting an appropriate share of expenses.
  • Essentially, it’s like a group of people pooling their money together and buying real estate except that it’s on a large scale and is regulated.


  • Indian Council of Medical Research (ICMR) is the apex body in India for the formulation, coordination and promotion of biomedical research.
  • Its mandate is to conduct, coordinate and implement medical research for the benefit of the Society; translating medical innovations into products/processes and introducing them into the public health system.
  • It is funded by the Government of India through the Department of Health Research, Ministry of Health & Family Welfare.

MSME act 2006

  • Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which was notified on October 2, 2006, deals with the definition of MSMEs. The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based on
  • the investment in plant and machinery for those engaged in manufacturing or production, processing or preservation of goods and
  • the investment in equipment for enterprises engaged in providing or rendering of services.


  • PMGKAY is part of Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus.
  • 80 crore poor people will to get 5 kg wheat or rice and 1 kg of preferred pulses for free every month till November as per the latest announcement by Prime Minister.
  • As part of the scheme, the food needs of all the beneficiaries under the public distribution system (TPDS) for Antyodaya Anna Yojana (AAY) and priority household (PHH) ration cardholders will be provided.
  • Considered as the world’s largest food security scheme, the Pradhan Mantri Garib Kalyan Anna Yojana aims at ensuring sufficient food the poor and needy during the coronavirus crisis.


  • The Press Council of India was established under the PCI Act of 1978.
  • Aim: It aims to preserve the freedom of the press and maintain and improve the standards of newspapers and news agencies in India.
  • Composition: The PCI consists of a chairman and 28 other members.
  • The Chairman is selected by the Speaker of the Lok Sabha, the Chairman of the Rajya Sabha and a member elected by the PCI.




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