Author: ForumIAS

HAL gets order for 15 attack helicopters: Context Hindustan Aeronautics Limited (HAL) on Friday received a Request for Proposal (RFP) for 15 limited series Light Combat Helicopters (LCH) from the Indian Air Force (IAF) and the Indian Army Backdrop This development comes days after the IAF issue the RFP to HAL for manufacturing 83 Tejas Light Combat Aircraft (LCA) in Mk-1A… Continue reading HAL gets order for 15 attack helicopters:

PCA only to improve banks’ health, says RBI Context The Reserve Bank of India (RBI) has once again clarified that prompt correction action (PCA) is imposed to encourage banks to improve their financial health Backdrop The reiteration comes in the wake of rumours on social media that some of the banks that are under PCA could be closed down RBI’s statement… Continue reading PCA only to improve banks’ health, says RBI

India’s record share sales bring banks little cheer in fees Context Funds raised in India through share sales reached the most in a decade this year thanks to booming stock markets News Funds raised in India through share sales reached the most in a decade this year thanks to booming stock markets, but the rush… Continue reading India’s record share sales bring banks little cheer in fees

RCEP: India hardens stand ahead of ASEAN summit Context In a sign that India’s Free Trade Agreement (FTA) negotiations could slow further, the Ministry of External Affairs (MEA) has taken a strong stand that the country should restrain itself from concluding any such pact from which it would not gain in the medium term What has happened? Ministry of External Affairs… Continue reading RCEP: India hardens stand ahead of ASEAN summit

SEBI raids brokers in data leak probe Context Raids by SEBI wrt alleged leak of sensitive financial information on social media What has happened? The Securities and Exchange Board of India (SEBI) raided 34 locations on Friday, aimed at members of a particular WhatsApp group, as part of a probe into alleged leak of sensitive… Continue reading SEBI raids brokers in data leak probe

Proud of India, says Palestinian envoy: Context Jerusalem issue News Palestinians are proud of India and India’s support to the cause of peace in West Asia, the Ambassador of Palestine said, hours after India voted in favour of a negotiated solution to the issue of Jerusalem Israeli ambassador’s reaction Israeli Ambassador Daniel Carmon reiterated his… Continue reading Proud of India, says Palestinian envoy:

A capital mistake: on UN resolution against US’ Jerusalem move: Context Jerusalem issue No tolerance for pressure The world witnessed in the past few days at the United Nations, on a resolution demanding that the U.S. rescind its recognition of Jerusalem as the capital of Israel, was an unprecedented display of the arrogance of power Never… Continue reading A capital mistake: on UN resolution against US’ Jerusalem move: 

‘India, China must go beyond bilateral ties’ Context The 20th round of Special Representative talks b/w India & China What was discussed? They discussed enhancing confidence-building measures and an “early settlement” of the boundary issue The talks were referred repeatedly to the consensus reached by Prime Minister Narendra Modi and Chinese President Xi Jinping on the subject of bettering ties… Continue reading ‘India, China must go beyond bilateral ties’

Publish first NRC draft for Assam by December 31: SC What has happened? The Supreme Court is standing firm by its order directing the government and the authorities to publish the first draft of National Register of Citizens (NRC) for Assam by December 31, 2017 Backdrop The Supreme Court is hearing a writ petition filed by Assam Public Works (APW) in July 2009 for identification… Continue reading Publish first NRC draft for Assam by December 31: SC

UPCOC Bill falters in Legislative Council Context UPCOC bill What has happened? The State government’s UPCOC Bill on Friday hit a roadblock in the Legislative Council where a determined Opposition stalled its passage. Following its rejection, the Council Chairman referred the Bill to a House panel for scrutiny Opposition in command Riding on its strength… Continue reading UPCOC Bill falters in Legislative Council