9 PM Daily Current Affairs Brief – July 26, 2017

‘India’s concerns slowing RCEP talks’ : (RCEP sluggish talks concerns India) Context : India’s reservations regarding the potential adverse impact of eliminating duties on its local manufacturing and job creation is understood to be slowing down the Regional Comprehensive Economic Partnership (RCEP) negotiations. RCEP : The RCEP is a proposed mega Free Trade Agreement (FTA) involving… Continue reading ‘India’s concerns slowing RCEP talks’ :

India rejects OIC move on vigilantism  : (India rejects OIC concern) Context : India rejected the resolutions of the Organization of Islamic Cooperation (OIC) that had expressed concern about the recent attacks on people by cow-vigilante groups. Statement by Ministry of External Affairs(MEA) An official statement from the MEA stated that the resolutions adopted at the… Continue reading India rejects OIC move on vigilantism  :

Context of the contest :   (The Hindu, Editorial) (The selection of President, camaraderie of the political class) Context : The election to the posts of President and Vice President is a moment when contested democracy gives way to broad agreement and the camaraderie of the political class. Felicitation of new elected President On July 25,… Continue reading Context of the contest :  

The crossroads at the Doklam plateau : (Building of Crossroads) Context : Bhutan and India share a special and unique relationship, but none are as strong as the ones laid down on the ground: 1,500 km, to be precise, of roads that have been built by India across the Himalayan kingdom’s most difficult mountains and passes.… Continue reading The crossroads at the Doklam plateau :

A greater market role in bankruptcy process : (Live Mint, Editorial) (A smart expenditure for bankruptcy process) Context : To tackle private investment in India, the government should come up with a bankruptcy law which would help businesses exit sooner and capital to be reassigned faster to productive firms, thereby improving economic output and employment. Introduction… Continue reading A greater market role in bankruptcy process :

Transfer unclaimed accruals to fund: IRDA : Senior citizens welfare fund to benefit Context : Insurance companies can no longer retain unclaimed amounts of policyholders if those accruals are more than 10 years old. Such sums need to be, instead, transferred to the Senior Citizens’ Welfare Fund (SCWF) of the Centre. Introduction : All insurers having… Continue reading Transfer unclaimed accruals to fund: IRDA :

Zero duty to hit Indian dairy industry : Context : 15 crore farmers will be impacted by FTA Introduction : The Indian dairy sector, providing livelihood to 15 crore farmers, would be severely hit if import duties on milk products were eliminated under any Free Trade Agreement (FTA) including the Regional Comprehensive Economic Partnership(RCEP), according to… Continue reading Zero duty to hit Indian dairy industry :

Govt. may not split Air India for stake sale : Govt. may not split Air India Context: The central government may not sell Air India’s domestic and international operations separately. Introduction : The government’s concern is that Air India’s valuation may take a hit if hives off Air India into two companies and invites bids for… Continue reading Govt. may not split Air India for stake sale :