A Member of Parliament(MP) has introduced a private member bill in the Lok Sabha called Compulsory Voting Bill,2019. Compulsory voting can be defined as a legal obligation to attend the polls at election time and perform whatever duties are required there of electors.Voters are legally bound to vote in elections.If an eligible voter does not… Continue reading Private Bill on compulsory voting divides House
Author: ForumIAS
Preventive steps taken to check Marine Pollution
Minister of State for Shipping(I/C) and Chemical & Fertilizers has informed Lok Sabha about the various preventive steps taken by the Government of India to check marine pollution. The Minister informed that India is a signatory to MARPOL(International Convention on the Prevention of Marine Pollution). In addition,the Prevention of Marine Pollution is also dealt with… Continue reading Preventive steps taken to check Marine Pollution
Private member’s bill urges state poll funding
A Member of Parliament(MP) has moved a private member’s bill in the Rajya Sabha to amend the Representation of the People Act. The amendment seeks to make two key proposals which are (a)the current per candidate expenditure limit of ₹70 lakh should be lifted and (b)there should be state funding to ensure a cleaner polity… Continue reading Private member’s bill urges state poll funding
New anti-terror clause will be used sparingly; Azhar, Saeed to be first targets: official
Government officials have said that the proposed amendments to the Unlawful Activities Prevention Act(UAPA) will be used sparingly.The Unlawful Activities (Prevention) Amendment Bill 2019 has already been passed by the Lok Sabha. The Bill amends the Unlawful Activities (Prevention) Act,1967 providing special procedures to deal with terrorist activities and individuals and groups that foster terrorism… Continue reading New anti-terror clause will be used sparingly; Azhar, Saeed to be first targets: official
IBBI amends norms for insolvency resolution process for corporate persons
Insolvency and Bankruptcy Board of India(IBBI) has made several changes to regulations around insolvency resolution process for corporates as well as the liquidation process. The amendments require completion of liquidation process within one year of its commencement notwithstanding the pendency of applications for avoidance transactions. The amendments also specifies a maximum time of 90 days… Continue reading IBBI amends norms for insolvency resolution process for corporate persons
China launches first private rocket capable of carrying satellites
Chinese startup company iSpace has successfully launched the first commercial rocket of China into the Earth’s orbit. The successful launch of Hyperbola-1 was lifted off from Jiuquan Satellite Launch Centre with several satellites and payloads into a predetermined orbit. Hyperbola-1 has also carried the CAS-7B CubeSat.It is an amateur radio mission which is developed by… Continue reading China launches first private rocket capable of carrying satellites
Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.… Continue reading Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
Stable rupee, lower oil prices push forex reserves to all-time high
According to the government data,India’s foreign exchange reserves has reached an all-time high of $430.37 billion till July 19,2019. This surge in the foreign currency reserves was aided by the Recently conducted currency swaps worth $10 billion by the Reserve Bank of India. Further,the inflows have also come on the back of a stable rupee… Continue reading Stable rupee, lower oil prices push forex reserves to all-time high
IT Min meets industry on govt-led ‘cloud economic zone’ plan
Recently,the government has consulted with the industry representatives to understand the potential need for government-led ‘cloud economic zones’. Cloud economic zone are the geographical areas identified for the creation of data storage centres. However, Some industry representatives have expressed security concerns with placing sensitive data in restricted economic zones as this will allow for single… Continue reading IT Min meets industry on govt-led ‘cloud economic zone’ plan
NBFCs with big realty loans must rebalance books: RBI
The Reserve Bank of India(RBI) has asked non-banking finance companies(NBFCs) to bring down their lending to the real estate sector. In the finance sector,the National Housing Bank has also been keeping a watch on lending to real estate sector by finance companies.Banks too have scaled down their lending to this segment. Despite facing a credit… Continue reading NBFCs with big realty loans must rebalance books: RBI
