Author: ForumIAS

After Mallya, Nirav Modi: Who is a ‘fugitive economic offender’?

News:Recently,the special Prevention of Money Laundering Act (PMLA) court has declared Nirav Modi as a fugitive economic offender (FEO) under Fugitive Economic Offenders Act,2018. Facts: About Fugitive Economic Offenders Act,2018: Indian Parliament had passed the Fugitive Economic Offenders Act in 2018. The act seeks to confiscate properties and assets of economic offenders that evade prosecution… Continue reading After Mallya, Nirav Modi: Who is a ‘fugitive economic offender’?

Draft National Logistic Policy

News:Minister of Commerce and Industry has informed Lok Sabha about the Draft National Logistics policy. Facts: About Draft National Logistics policy: The Draft National Logistics policy has been prepared by the Ministry of Commerce and Industry in consultation with the Ministries of Railways, Road Transport and Highways,Shipping and Civil Aviation. The aim of the policy… Continue reading Draft National Logistic Policy

Explained: What is Blue Water Force?

News:Recently,Indian Defence minister has said that the Indian Navy is the Formidable Blue Water Force. Facts: Classification of Navy:The Navies are classified in terms of the following colours: A navy whose operations are restricted close to the shore where the water is muddy, is called a Brown Water Force.  A navy that can go farther… Continue reading Explained: What is Blue Water Force?

Explained:What Palestine-India techno park says of relationship between the two countries

News:Recently,India has released the third tranche of funding worth $3 million for the construction of a Palestine-India Techno Park. Facts: About Palestine-India Techno Park: The Palestine-India Techno Park was established to create a business environment that will enable knowledge-based and creative enterprises as well as technology clusters to successfully operate locally, regionally and globally. The… Continue reading Explained:What Palestine-India techno park says of relationship between the two countries

ISRO Sets Up Space Technology Cells In IITs, IISc And Other Colleges

News:The Indian Space Research Organization has decided to set up five Space Technology Cells at the premier institutes in order to carry out research activities. Facts: About Space Technology Cells: The Space Technology cells are being established under the RESPOND Programme.The Technology cells will consist of professors and scholars associated with the institute.  Under the… Continue reading ISRO Sets Up Space Technology Cells In IITs, IISc And Other Colleges

Audit for FDI norms must for e-com firms

News:The government has issued new rules that makes it compulsory for e-commerce companies with foreign investments to submit an audit report every year. Facts: About the new rules: The rules will be applicable on E-commerce companies with foreign investments such as Amazon, Flipkart among others. These companies have to submit a report prepared by statutory… Continue reading Audit for FDI norms must for e-com firms

OPEC countries, Russia to cut oil output, pushing up prices

News:The Organization of Petroleum Exporting Countries(OPEC) and Russia has reached a deal deepening their output cuts.This deal is aimed at reducing surplus oil and to bolster crude prices. Facts: About OPEC: The Organization of the Petroleum Exporting Countries(OPEC) is a permanent, intergovernmental Organization. It was created at the Baghdad Conference in 1960 by Iran, Iraq,… Continue reading OPEC countries, Russia to cut oil output, pushing up prices

Carbon Markets

Facts: Carbon Market: It is a term used for a trading system through which countries may buy or sell units of CO2 emissions in an effort to meet their national limits on emissions. Carbon markets under the Kyoto Protocol: Under the Kyoto Protocol, three carbon markets were established. The aim was to reduce greenhouse gas… Continue reading Carbon Markets

India’s first HAM project in sewerage sector

News:India’s first Hybrid annuity model(HAM) in sewerage sector,a Sewage Treatment Plant (STP) was inaugurated in Sarai,Haridwar. Facts: About the Sarai Sewage Plant Project: The Plant is based on advanced aerobic biological process Sequential Batch Reactor(SBR) process. The project has been built under the Namami Gange project of National Mission for Clean Ganga(NMCG). The project is… Continue reading India’s first HAM project in sewerage sector

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