According to the International Monetary Fund(IMF),the level of non-performing loans in India remains high.IMF has favoured strengthening the level of capitalisation of some banks,particularly government-owned banks. Further,the IMF has said that strengthening the level of capitalisation in banks was one of the recommendations of the Financial Sector Assessment Programme (FSAP) for India. The Financial Sector… Continue reading High stock of non-performing assets in India, more progress needed: IMF
Author: ForumIAS
Daily Quiz: UPSC Prelims Marathon – April 11, 2019
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SC Collegium recommends 5 new Chief Justices of HCs
The Supreme Court Collegium has recommended names of five judges for appointment as chief justice of Rajasthan,Chhattisgarh,Meghalaya, Andhra Pradesh and Karnataka High Courts. The High court for Andhra Pradesh was created on January 1,2019. It was created following the division of a combined high court of Telangana and Andhra Pradesh. Collegium system in India is… Continue reading SC Collegium recommends 5 new Chief Justices of HCs
Anonymity of poll bonds must go: EC
The Election Commission of India (ECI) has told the Supreme Court that it was not opposed to the use of Electoral Bonds as an instrument but did not want the donations to remain anonymous. Earlier,the Election Commission had filed an affidavit in the Supreme Court.It said that the introduction of electoral bonds and the removal… Continue reading Anonymity of poll bonds must go: EC
Rahul on the verge of contempt of court, says Nirmala Sitharaman
Defence Minister has said that the Congress president’s comments on Rafale review petition amount to contempt of the Supreme Court. Earlier,Congress President has thanked the Supreme Court for rejecting the Centre’s objections over the admissibility of the leaked documents cited by petitions seeking a review of the Rafale verdict. Contempt of court is an offense… Continue reading Rahul on the verge of contempt of court, says Nirmala Sitharaman
RTI Act supersedes official secrets law
The Supreme Court has said that the Centre cannot withhold documents from disclosure under the RTI Act citing national security and relations with a foreign state.However,the applicant must establish that withholding of such information produces greater harm than disclosing it. The observation was made by a Supreme court judge in which the Court has allowed… Continue reading RTI Act supersedes official secrets law
SC rejects Centre’s plea to keep Rafale documents secret
The Supreme Court has dismissed the central government’s plea that the documents related to the purchase of Rafale fighter jets should not be part of the review petition moved in the case. The government had argued that documents linked to the Rafale deal were stolen from the defence ministry and newspapers that published these files… Continue reading SC rejects Centre’s plea to keep Rafale documents secret
President Ram Nath Kovind pays homage to CRPF martyrs on 54th Valour Day
The Indian President has paid his tribute to the fallen troops at the National Police Memorial in Delhi on the occasion of the CRPF ‘‘Valour Day’. The Central Reserve Police Force observed its 54th Valour Day on April 9, 2019.The day is observed by the force every year as a remembrance of the gallant fight… Continue reading President Ram Nath Kovind pays homage to CRPF martyrs on 54th Valour Day
How is Google’s GPay operating without authorisation, Delhi HC asks RBI
The Delhi High Court has asked the Reserve Bank of India (RBI) to explain how Google was operating its payment services in India without taking any approvals or licence from the RBI. Google’s GooglePay uses BHIM unified payments Interface (BHIM UPI) for money transfers. The court’s query has come in the backdrop a plea which… Continue reading How is Google’s GPay operating without authorisation, Delhi HC asks RBI
India Singapore Joint military exercises kicks off in Babina
The 12th edition of India- Singapore joint military exercise called Bold Kurukshetra 2019 has began at Babina Cantonment,Jhansi,Uttar Pradesh. The three-day exercise is aimed at a) bolstering cooperation against terrorism (b)developing defence technology and (c)improving maritime security. The exercise seeks to attain a high level of interoperability between the armies of both nations through mutual… Continue reading India Singapore Joint military exercises kicks off in Babina
