Union Cabinet has eased foreign direct investment(FDI) norms for various industries such as single-brand retail, coal mining, contract manufacturing and digital media. The changes in FDI policy will result in making India a more attractive FDI destination which may lead to increased investments,employment and growth. Single brand Retail sector:Currently,the FDI policy says that a single… Continue reading Cabinet eases FDI rules in retail, media
Author: ForumIAS
Indonesia to move capital from Jakarta to East Kalimantan
Indonesia has decided to shift its capital city from Jakarta to the province of East Kalimantan on the island of Borneo. The reason for shifting the capital is (a)to ensure a more equitable development amid environmental concerns (b)traffic congestion and air pollution in Jakarta and (c)Jakarta is prone to annual flooding and is one of… Continue reading Indonesia to move capital from Jakarta to East Kalimantan
Stress, apathetic attitude taking toll on policing: Study
The survey titled ‘Status of Policing in India Report 2019: Police Adequacy and Working Conditions’,has been conducted by the NGO Common Cause and the Centre for the Study of Developing Societies (CSDS). The survey found that except for Nagaland,the average working hours of police officers were between 11 and 18 hours.However,the Model Police Act recommends… Continue reading Stress, apathetic attitude taking toll on policing: Study
Simply put: How the forces protect VIPs
The Ministry of Home Affairs(MHA) has said that former Prime Minister Manmohan Singh will continue to have Z plus security cover after the withdrawal of Special Protection Group(SPG) from his security. In India,the Government of India provides security to some high-risk individuals with the help of police and local government. Special Protection Group(SPG) provides security… Continue reading Simply put: How the forces protect VIPs
Jalan panel proposes change in RBI accounting year, transparent accounts
The Reserve Bank of India(RBI) has accepted the Bimal Jalan panel recommendations.It was set up to review the RBI’s economic capital framework. The economic capital framework reflects the capital that an institution requires or needs to hold as a counter against unforeseen risks or events or losses in the future. The panel has recommended a… Continue reading Jalan panel proposes change in RBI accounting year, transparent accounts
Open Market Operations(OMO)
The Reserve Bank of India (RBI)’s surplus for 2018-19 was higher than the surplus in recent years.This was due to the large amount of open market operations(OMOs) conducted by the central bank during the year. Open market operations is the sale and purchase of government securities and treasury bills by RBI or the central bank… Continue reading Open Market Operations(OMO)
Russia to push for final orders in $1 bn Kamov copters deal
India is likely to sign the final contract with Russia for 200 Kamov KA-226T light utility helicopters during Prime Minister visit to Russia for the Eastern Economic Forum. India and Russia had signed the deal for 200 Kamov KA-226T light utility helicopters during Indian Prime Minister’s visit to Russia in 2015. Under the deal,Russia will… Continue reading Russia to push for final orders in $1 bn Kamov copters deal
Age of third-degree torture is over, Amit Shah tells police
Union Home minister has attended the 49th foundation day celebrations of the Bureau of Police Research and Development(BPRD). During the session,he stressed on the need for police reforms and suggested that police force should do away with the age-old third-degree torture and adopt more scientific and new methods of investigation to stay ahead of criminals.… Continue reading Age of third-degree torture is over, Amit Shah tells police
Common code of conduct proposed for legislative bodies
Lok Sabha Speaker has formed a committee of Speakers of state legislative bodies to frame a code of conduct. The purpose of of the Code of Conduct is to set out the minimum ethical standards required by public representatives when discharging their obligations to the Assembly, their constituents and the public at large. Code of… Continue reading Common code of conduct proposed for legislative bodies
Cabinet nod for sugar export subsidy
Cabinet Committee on Economic Affairs(CCEA) has approved sugar export subsidy for 2019-20. This move is aimed at countering the surplus sugar stock’s impact on prices.The lower sugar prices would make it difficult for mills to pay farmers dues. The subsidy will be provided for expenses on marketing costs including handling, upgrading , international and internal… Continue reading Cabinet nod for sugar export subsidy
