Archives GS 2 ‘RTI scrutiny will ruin judicial independence’ Opening up the “highly-sensitive” correspondence of the Supreme Court’s collegium and its workings to the Right to Information (RTI) regime would make judges and the government “shy” and “destroy” judicial independence, Attorney General K.K. Venugopal submitted on Wednesday. Group chats: WhatsApp users get more control The… Continue reading Must Read News Articles – April 4th, 2019
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10 PM Current Affairs Quiz : April 3, 2019
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9 PM Current Affairs Brief – April 3, 2019
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7 PM | Saubhagya scheme: Power for all | 3 April, 2019
Read In-depth analysis of all the Editorials here Context Access to Clean Cooking Energy and Electricity Survey of States (ACCESS) report by the Council on Energy, Environment and Water (CEEW), has highlighted the gap between a connection and reliable power supply. Regulatory framework Electricity is under the concurrent list. Under the Electricity Act, 2003, the central and… Continue reading 7 PM | Saubhagya scheme: Power for all | 3 April, 2019
SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
The Supreme Court has struck down the Reserve Bank of India’s February 12 circular that dealt with resolution of stressed assets in the economy.The Supreme Court has held the February 12 circular ultra vires as a whole which means the RBI had gone beyond its powers in issuing the circular.Earlier,the apex Court had stayed the… Continue reading SC holds ultra vires RBI’s February 12 circular mandating insolvency proceedings
Borrower behaviour will deteriorate
According to analysts,Supreme Court judgment striking down the Reserve Bank of India’s February 12 circular that dealt with the resolution of stressed assets will lead to deterioration of borrower behaviour and increase delays and litigation. On 12th February 2018,RBI had put out a circular on classification of non-performing assets that required (a)Banks to stipulate a… Continue reading Borrower behaviour will deteriorate
Starting May, ISRO to launch a string of ‘defence’ satellite
Starting May, ISRO to launch a string of ‘defence’ satellite The Indian Space Research Organisation (ISRO) is expected to launch a number strategic earth observation (EO) satellites in 2019-2020. The satellites which are expected to be launched are: a) RISAT-2B, b) Cartosat-3, c) RISAT-2BR1, d) GISAT-1(ne series), e) RISAT-2BR2, f) GISAT-2, g) RISAT-1A, and h)… Continue reading Starting May, ISRO to launch a string of ‘defence’ satellite
Manufacturing PMI at 6-month low
Manufacturing PMI at 6-month low According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data, manufacturing activity has slowed to a six-month low of 52.6 in March due to lower levels of new orders and production. PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and… Continue reading Manufacturing PMI at 6-month low
Jaitley rules out rethink on special status
Jaitley rules out rethink on special status Union Finance Minister has said that it is not possible to give Special Category Status (SCS) to Andhra Pradesh as 14th Finance Commission had removed the granting of SCS to any State. Further, he said that special financial package given to Andhra Pradesh was similar to the Special… Continue reading Jaitley rules out rethink on special status
Credit negative for banks, says Moody’s
According to credit rating agency Moody,Supreme Court’s decision to strike down the February 12,2018 circular of the Reserve Bank of India (RBI) will be credit negative for Indian banks. They said that the circular had significantly tightened stressed loan recognition and resolution for large borrowers.But,with the Supreme court order,resolution of stressed loans impacted by the… Continue reading Credit negative for banks, says Moody’s
