What is the News? Reserve Bank of India(RBI) has introduced a Prompt Corrective Action(PCA) framework for large non-banking financial companies(NBFCs). What is the need for this PCA Framework for NBFCs? The PCA Framework for NBFCs has been brought after four big finance firms — IL&FS, DHFL, SREI and Reliance Capital — which collected public funds… Continue reading RBI brings NBFCs under prompt corrective action framework
Author: Abdul
6th India Water Impact Summit Concludes
What is the News? The 6th Edition of the India Water Impact Summit has concluded. What is the India Water Impact Summit? Organized by: National Mission for Clean Ganga(NMCG) along with the Centre for Ganga River Basin Management and Studies(c-Ganga). Aim: To enlighten the participants on the complexities and peculiarities as well as the scales… Continue reading 6th India Water Impact Summit Concludes
Less than $1: How WHO thinks that can save 7 million lives
What is the News? The World Health Organization(WHO) has released a report titled “Saving lives, spending less: the case for investing in non-communicable diseases”. What are the key findings of the report? Non-Communicable Diseases(NCDs) such as diabetes, heart disease, cancer, chronic respiratory diseases and stroke kill 41 million people annually and damage the health of… Continue reading Less than $1: How WHO thinks that can save 7 million lives
Boost India capacity to secure its borders: Incoming US envoy
What is the news? Eric Garcetti, US President nominee for next envoy to India, has said that he intends to increase US efforts to strengthen India’s capacity to secure its borders. What are the key statements given by the upcoming US Envoy to India? On India’s geographical Position: India is situated in a tough neighbourhood.… Continue reading Boost India capacity to secure its borders: Incoming US envoy
Rajya Sabha passes Bills setting maximum 5-year tenure for CBI, ED chiefs
What is the news? Parliament has passed the Central Vigilance Commission (Amendment) Bill, 2021, and the Delhi Special Police Establishment (Amendment) Bill, 2021. The Bill extends the tenure of the chiefs of the Central Bureau of Investigation and the Enforcement Directorate to a maximum of five years from the earlier minimum period of two years.… Continue reading Rajya Sabha passes Bills setting maximum 5-year tenure for CBI, ED chiefs
OSCAR 1’s winning performance
What is the news? 12th Dec 2021 marked the launch date of the first amateur radio satellite called OSCAR 1. Background Sputnik 1 was launched successfully by the Soviet Union in 1957. This marked the beginning of the space age. Not willing to be left lagging behind, the U.S. launched their own satellite, Explorer 1… Continue reading OSCAR 1’s winning performance
SC approves widening of three Char Dham highways
What is the news? The Supreme Court has allowed the Centre to widen the three Himalayan Highways which form part of the Char dham Pariyojna Project. Must Read: What is the “Char Dham Project”? What has the Supreme Court done? The Supreme Court has modified its earlier 2020 order which had directed the centre to… Continue reading SC approves widening of three Char Dham highways
India loses WTO dispute over sugar subsidies; set to file an appeal
What is the news? India has lost the dispute over subsidies of sugar exports at the World Trade Organization (WTO). The dispute settlement panel has ruled against India on a complaint filed by Brazil, Australia, and Guatemala. What is the issue? In 2019, Brazil, Australia and Guatemala had filed parallel complaints at the WTO alleging… Continue reading India loses WTO dispute over sugar subsidies; set to file an appeal
PM Modi flags off new Kashi corridor as a bridge from past to future
What is the news? The Prime Minister of India has inaugurated the Kashi Vishwanath Temple Corridor project. What is Kashi Vishwanath Temple Corridor project? The Kashi Vishwanath Temple Corridor project in Varanasi connects the iconic Kashi Vishwanath temple and the ghats along the river Ganga. The project is aimed at ensuring easy movement of pilgrims… Continue reading PM Modi flags off new Kashi corridor as a bridge from past to future
SC notice to Centre on social security cover for gig workers
What is the news? The Supreme Court has agreed to examine the public interest litigation seeking social security benefits to “gig workers” and “platform workers” engaged by Uber, Ola Cabs, Swiggy and Zomato. What is the case about? A petition was filed in the Supreme Court arguing that “gig workers” and “platform workers” should be… Continue reading SC notice to Centre on social security cover for gig workers
