₹11,500 crore fraud rocks state-run PNB

₹11,500 crore fraud rocks state-run PNB Context: State-run lender Punjab National Bank (PNB) reported unauthorised transactions worth ₹11,500 crore in one of its branches in south Mumbai. Banking fraud: The Enforcement Directorate has registered a money laundering case in the matter. It involves Mumbai-based billionaire diamond merchant Nirav Modi. A case has been registered by… Continue reading ₹11,500 crore fraud rocks state-run PNB

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Supreme Court may hear plea to take up two-child norm

Supreme Court may hear plea to take up two-child norm Context: The Supreme Court may hear a plea to direct the Union government to adopt the “two-child” policy norm in family planning. About the Petition: The public interest litigation petition has been filed by activist Anupam Bajpai The petition calls for incentives for couples who… Continue reading Supreme Court may hear plea to take up two-child norm

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Prasar Bharati, Centre on collision course

Prasar Bharati, Centre on collision course Context: The Prasar Bharati Board on Thursday will discuss a proposal of the Information and Broadcasting Ministry to appoint an IAS officer as a board member, giving it a larger say in the working of the autonomous public service broadcaster. Introduction: Surya Prakash, who was recently reappointed Prasar Bharati… Continue reading Prasar Bharati, Centre on collision course

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Order to install CCTV cameras in courts is only for security reasons, clarifies Supreme Court

Order to install CCTV cameras in courts is only for security reasons, clarifies Supreme Court Context: Recently, the Supreme Court passed orders for installation of CCTV cameras in courts. Background: On March 28, 2017, the Supreme Court directed that CCTV cameras should be installed in courts and important locations of court complexes in at least… Continue reading Order to install CCTV cameras in courts is only for security reasons, clarifies Supreme Court

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Pakistan backed terrorists will continue attacks in India, says U.S. intel chief

Pakistan backed terrorists will continue attacks in India, says U.S. intel chief Context: The United States intelligence chief has said that he expected increased tensions between India and Pakistan. Details: U.S Intelligence Chief warned that terror groups supported by Pakistan will continue to attack inside India The remark was made during the hearing on ‘Worldwide… Continue reading Pakistan backed terrorists will continue attacks in India, says U.S. intel chief

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Don’t disrupt global economy, China warns

Don’t disrupt global economy, China warns Context: China has warned that U.S. trade sanctions will hit the world economy What has happened? Recently, President Donald Trump threatened to impose fresh tariffs on imports from China. China has warned that any sign of unilateralism or protectionism will worsen global trade and will hurt the recovering momentum… Continue reading Don’t disrupt global economy, China warns

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Trump mulls China sanctions, scrapping S. Korea trade deal

Trump mulls China sanctions, scrapping S. Korea trade deal Context: Recently, U.S. President Donald Trump has threatened retaliatory action against two major Asian trading partners. What has happened? President Trump had recently received two Commerce Department reports concerning alleged Chinese subsidies for steel and aluminium exports-materials that are vital for industries from construction to autos… Continue reading Trump mulls China sanctions, scrapping S. Korea trade deal

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India offers support for reconstruction of Iraq

India offers support for reconstruction of Iraq Context: India has called for a comprehensive political settlement and reconciliation in Iraq at the International Conference for Reconstruction of Iraq in Kuwait, where major world powers are meeting to chalk out a plan of recovery for the country. India called for an end to global terrorism: India… Continue reading India offers support for reconstruction of Iraq

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