Author: ForumIAS

MCX plans currency derivatives foray News: The Multi Commodity Exchange of India (MCX) plans to enter the currency derivatives segment. Important facts: 2. The MCX is the county’s largest commodity bourse in terms of market share. 3. The unified license regime will allow equity and commodity exchanges to expand their offerings by starting new segments.… Continue reading MCX plans currency derivatives foray

‘Centre open to discuss RBI’s power over regulating PSBs’ News: Recently, the Reserve Bank of India (RBI) had raised issues over the lack of powers in regulating state-run lenders. Important facts: 2. Finance minister Piyush Goyal, said that government is open to discuss these issues. 3. The minister also ruled out government paring its stake… Continue reading ‘Centre open to discuss RBI’s power over regulating PSBs’

Supreme Court verdict on Centre-Delhi tussle today News: The Supreme Court will pronounce its verdict on the ongoing tussle between the Centre and Delhi government. Important facts: 2.A five-judge Bench headed by Chief Justice of India will deliver its verdict on the Delhi government’s appeal challenging the High Court 2016 judgment holing the Lieutenant-Governor as… Continue reading Supreme Court verdict on Centre-Delhi tussle today

A good beginning News: Recently, the Cauvery Water Management Authority (CWMA) directed Karnataka to release water to Tamil Nadu and other states. Important facts: 2. The decision was taken during first meeting of the CWMA held in New Delhi, with representatives from Kerala, Karnataka, Tamil Nadu and Pondicherry. 3. The CWMA was formed to implement… Continue reading A good beginning

EC launches app to report electoral malpractice News: Recently, the Election Commission of India has launched an Android- based mobile application named ‘cVigil’. Important facts: 2. The application was launched for citizens to share cases of malpractices of political parties when the Model code of conduct is in force. 3. The application, whose Beta version… Continue reading EC launches app to report electoral malpractice

Take action to stop spread of fake news, govt. tells WhatsApp News: Recently, the cases of lynchings across the country over fake messages on WhatsAPP have been reported. Important facts: 2. Instances of lynchings have been reported from States like Assam, Maharashtra, Karnataka, Tripura, and West Bengal. 3. Instances have been reported by mobs provoked… Continue reading Take action to stop spread of fake news, govt. tells WhatsApp

Consult UPSC for selecting police chiefs, SC tells States News: The Supreme Court has issued directives to be followed by States while appointing the Director General of Police (DGP).   Important facts: 2. The apex court restrained state governments from appointing director general of police without first consulting UPSC. 3. The State concerned has to… Continue reading Consult UPSC for selecting police chiefs, SC tells States

Cosmic rays from star system may reach earth News: Eta Carinae, most luminous and massive stellar system within 10,000 light-years is accelerating particles to high energies. Important facts: 2. Some of these particles may reach the earth as cosmic rays. 3. According to Astronomers, cosmic rays with energies greater than one billion electron volts (eV)… Continue reading Cosmic rays from star system may reach earth

MSP for paddy hiked by Rs. 200 News: The Union cabinet has increased the Minimum Support Prices(MSP) for kharif crops. Important facts: 2. The decision was taken by the Cabinet Committee on economic affairs headed by PM Narendra Modi. 3. The MSP were announced for 14 commodities. 4. The government has increased MSP so that… Continue reading MSP for paddy hiked by Rs. 200

Freedom from being ‘India-locked’ Article: Sujeev Shakya, Secretary General of the Himalayan Consensus Institute, analyse that it is high time for India to redefine its engagement with Nepal rather than continue to be reactive. Important Analysis: 2. Nepal’s Prime Minister K.P. Sharma Oil’s visited to China last month. 3. The visit had much significance because:… Continue reading Freedom from being ‘India-locked’