Source: The Hindu Synopsis: The Government has recently introduced changes to 1961 Deposit Insurance and Credit Guarantee Corporation law. Background Read here: https://forumias.com/blog/changes-to-deposit-insurance/ Benefits for depositors: Added Points As per RBI data, ₹76.21 lakh crore or almost 51% of deposits are now insured, but 98.3% of all accounts have balances of ₹5 lakh or less,… Continue reading Patchwork progress
Category: 9 PM Daily Articles
EU’s vaccine travel pass is highly discriminatory towards low-income countries
Source: Indian Express Relevance: Implications of Green Pass scheme Synopsis: Green Pass scheme is discriminatory towards low income countries. Issues involved and way forward. Background In a recent guideline, the World Health Organization (WHO) has recommended its member states not to seek proof of Covid-19 vaccination or recovery as a mandatory condition for entry to… Continue reading EU’s vaccine travel pass is highly discriminatory towards low-income countries
Quotas don’t solve what’s really wrong with education
Source: Times of India Synopsis: Recently, the government announced 27% reservation for OBC and 10% for EWS candidates in the all-India quota for medical admissions. Introduction: The proportional increase in overall seats continues the trend of entrenching reservations. Now this government can claim bragging rights, just like in 2006 government did after introducing OBC reservations in… Continue reading Quotas don’t solve what’s really wrong with education
How a Supreme court order could render the new co-op ministry a non-starter
Source: Business Standard Synopsis: Supreme court order has huge ramifications on the functioning of the newly-formed cooperative ministry Background Recently, the Supreme Court of India in a landmark judgment struck down parts of the 97th amendment to the Constitution. The 97th amendment to the Constitution sought to reduce the powers of the state governments over… Continue reading How a Supreme court order could render the new co-op ministry a non-starter
Cloud over Videocon resolution process points to larger weakness in IBC
Source: Indian Express Syllabus: GS- 3 Industries and industrial policies Synopsis: issues involved in Videocon resolution process Background Videocon was one of the first test cases to examine the prospects of insolvency jurisprudence in India and the first one, for group insolvency proceedings. On June 8, the NCLT approved a resolution plan submitted by Twinstar… Continue reading Cloud over Videocon resolution process points to larger weakness in IBC
How does a democracy die?
Source: Indian Express Relevance: This article highlights few examples that can turn a country in a failed democracy. Synopsis: Democracies die when democratically elected governments cease to be held accountable by a society weakened by poor health, low morale, and joblessness. In such a scenario, political leaders are prone to blindness and incompetence, they pay… Continue reading How does a democracy die?
Law and lawmakers
Source: The Hindu Synopsis: The Supreme Court held that a legislative privilege cannot be extended to provide legal immunity to criminal acts committed by lawmakers. Background: On March 13, 2015, six members of the legislative assembly (MLAs) from LDF party in Kerala tried to interrupt the presentation of the Budget. Their action resulted in destruction… Continue reading Law and lawmakers
Small state, big brother
Source: Business Standard Synopsis: Assam-Mizoram violence is an outcome of the central government trying too hard to ‘integrate’ distinct northeastern states, which has unleashed latent regionalism. Background: Recent border clashes on the Assam-Mizoram Border and Assam-Meghalaya border point to the failure of central and state governments to solve the boundary issue. On 26 July, a… Continue reading Small state, big brother
The Pegasus nightmare
Source: The Hindu, Indian Express, Livemint Relevance: Understanding the potential negative impact of cyberthreats and ways to counter them. Synopsis: Cyberthreats need to be countered with a deeper understanding of cyber technologies. Short term remedies won’t work. Background Pegasus spyware issue has compelled nations to realize the threat posed by such new age weapons. Must… Continue reading The Pegasus nightmare
Shared values: On India and the U.S.
Source: The Hindu, TOI, Business Standard Relevance: Indo-US relationship post-US exit from Afghanistan Synopsis: India and US have their differences when it comes to the Afghan peace process. A strong Indo-US partnership in tech sector should be the way forward to out-compete China. Background US. Secretary of State Antony Blinken’s day-visit to Delhi. Most of… Continue reading Shared values: On India and the U.S.
