The Reserve Bank of India(RBI) has issued a revised prudential framework for resolution of stressed assets. This revised circular was issued after Supreme Court had declared the RBI’s February 12 circular on the resolution of stressed loans as unconstitutional. This framework will apply to accounts worth Rs 2,000 crore and above but from January 1,2020… Continue reading RBI revises stressed asset resolution norms
Author: ForumIAS
Can’t promote Bimstec at the cost of Saarc: Nepal
Nepal ambassador to India has said that BIMSTEC cannot be a substitute for SAARC. The ambassador has also said that SAARC had nothing to do with bilateral disputes and that the region cannot grow rapidly without cooperation among South Asian nations. The debate whether BIMSTEC can be an alternative to SAARC or not started in… Continue reading Can’t promote Bimstec at the cost of Saarc: Nepal
Draft bill moots 10-year jail for crypto dealing
Government has introduced a draft bill on Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019. The draft bill says that anybody who mine, hold, transact or deal with cryptocurrencies in any form whether directly or indirectly through an exchange or trading can attract a jail term of one to 10 years. The… Continue reading Draft bill moots 10-year jail for crypto dealing
India to hold first simulated space warfare exercise next month
India is planning to conduct its first ever simulated space warfare exercise titled ‘IndSpaceEx’. The exercise will basically be a table-top war-game with all stakeholders from the military and scientific community taking part in it. The main aim of ‘IndSpaceEx’ exercise is to assess the requisite space and counter-space capabilities that are needed by India.The… Continue reading India to hold first simulated space warfare exercise next month
Bhutan’s lower house of parliament votes to decriminalise homosexuality
Bhutan’s lower house of parliament has voted to scrap laws criminalising homosexuality. The lower house scrapped Sections 213 and 214 of the penal code, which criminalised unnatural sex.However,the amendment is yet to be ratified by the upper House of Parliament. Currently,LGBT+ people are not recognised under Bhutanese law and as such aren’t protected from employment… Continue reading Bhutan’s lower house of parliament votes to decriminalise homosexuality
SEBI, MCA sign pact for more data scrutiny
Ministry of Corporate Affairs(MCA) and the Securities and Exchange Board of India(SEBI) has signed a Memorandum of Understanding (MOU) for data exchange between the two regulatory organizations. The MoU comes in the backdrop of increasing need for surveillance in the context of Corporate Frauds affecting important sectors of the economy. The MoU will facilitate the… Continue reading SEBI, MCA sign pact for more data scrutiny
Denial of LoP status to Congress illegal, can be challenged in court: Abhishek Singhvi
Congress leader has said that the single largest party in Lok Sabha deserves the post of Leader of Opposition(LoP).He alleged that the rule cited to deny the LoP post to Congress was unconstitutional. Leader of Opposition is a statutory office provided for in the Salary and Allowances of Leaders of Opposition in Parliament Act,1977. The… Continue reading Denial of LoP status to Congress illegal, can be challenged in court: Abhishek Singhvi
Dissenting view not part of final order, says EC
The Election Commission has issued a formal order stating that dissent views will not be made part of orders relating to model code of Conduct (MCC) violation cases. This decision was taken as MCC matters were not quasi-judicial proceedings and hence did not require dissent or minority views to be conveyed as part of the… Continue reading Dissenting view not part of final order, says EC
Bill: Ease green card cap on STEM students
The US Democratic Party senators have introduced a bill called “Keep STEM Talent Act of 2019”. The bill aims at removing unfair barriers for science, technology, engineering and maths-educated international students who want to work in the US after completing their degrees. The bill provides that STEM graduates could obtain green card if two conditions… Continue reading Bill: Ease green card cap on STEM students
SBI to offer home loan linked to repo rate
State Bank of India(SBI) has announced to introduce a repo rate-linked home loan product from July 1,2019.This move seems to be in line with the RBI ‘s direction to the banks to link home loans to an external benchmark. SBI had taken this decision even though RBI had deferred the plan to link the rate… Continue reading SBI to offer home loan linked to repo rate
