RBI blames PNB board for fraud

RBI blames PNB board for fraud News: In written reply to parliamentary standing committee of finance, RBI blames PNB board of directors for nirav modi fraud. Important facts: RBI has  pointed out that Nirav Modi loan allocation is the failure of “three lines of defence” of banking system. Three lines of defence First the officer… Continue reading RBI blames PNB board for fraud

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Trump-Kim Meet ends with promise

Trump-Kim Meet ends with promise News: At the recent Singapore Summit, USA and North Korea has signed a joint statement Important facts: Key highlights of the joint statement: Commitment to establish U.S.–DPRK relations USA-DPRK collective efforts to build a lasting and stable peace regime on the Korean Peninsula Reaffirming the Panmunjom Declaration, the DPRK has committed… Continue reading Trump-Kim Meet ends with promise

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National Dam Safety Authority in the works

National Dam Safety Authority in the works News 1-The Union Cabinet has approved the proposal for introduction of Dam Safety Bill, 2018 in the Parliament. Important facts: 2-Key features of the Bill Provides for proper surveillance, inspection, operation and maintenance of all specified dams in the country to ensure their safe functioning. Provides for constitution… Continue reading National Dam Safety Authority in the works

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Cleaning up balance sheets

Cleaning up balance sheets News: 1-The government has revived the idea of setting up an asset reconstruction or asset management company, a sort of ‘bad bank’ first mooted by Chief Economic Adviser Arvind Subramanian last year. Important facts: 2-Bad Bank Bad bank purchase those assets from public sectors bank that has no salvage value they… Continue reading Cleaning up balance sheets

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An improbable friendship

An improbable friendship Article Rakesh sood, former diplomat, expresses his views about the recent US-North Korea summit Important Analysis Author considers this event equivalent to Nixon’s travel to China, 1972 and Reagon and gorbhachov meeting at Reykjavik. In 1994 North Korea threatened to withdraw from the Nuclear Non-Proliferation Treaty (NPT). At that time US addressed… Continue reading An improbable friendship

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The crimes of a few condemn the fate of many

The crimes of a few condemn the fate of many Article Aakar patel, Executive Director, Amnesty International has analyses about India’s insensitivity to Rohingya refugee Important Analysis Rohingyas are ethnic muslims who were a minority in Rakhine state of Myanmar. After being pushed out by majority Buddhists, 700,000 of them had to take refuge in… Continue reading The crimes of a few condemn the fate of many

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The missing tiers

The missing tiers Article: 1-Mathew Idiculla, lawyer and researcher on urban issues, analyse the reasons behind disempowerment and depoliticisation of urban local government. Important Analyses: 2- The passage of 73 rd  and 74th  Amendment came into force  in 1993 3- 73rd amendment deals with creation of panchayats, while 74th amendment deals with creation of municipalities. 4- Problems associated… Continue reading The missing tiers

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Decongesting our cities

Decongesting our cities Article: P. Agarwal, CEO, World Resources Institute India, suggests adoption of app-based public transport survives. Important Analysis: 2.  Objective: Aimed at improving public transport systems. 3. Consequences of using private transport: Severe traffic congestion Air pollution Impact on energy security of the nation. Impact on economic efficiency of cities 4. Advantages of using… Continue reading Decongesting our cities

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For stronger employee representation

For stronger employee representation Article: Krishnadas Rajagopal discusses the amendments to the Major Port Authorities Bill, 2016 Important Analysis: 2. The amendments are based on the recommendations of the Department-related Parliamentary Standing Committee. 3. Changes incorporated: Number of the Labour representatives to be appointed in the Port Authority Board among the serving employees of the… Continue reading For stronger employee representation

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