Author: ForumIAS

Vedanta finds oil in Krishna Godavari basin Vedanta Limited has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the Krishna Godavari basin. Oil has been discovered in the second exploratory well H2, located in the offshore block KG-OSN-2009/3, Krishna-Godavari basin. The Krishna Godavari… Continue reading Vedanta finds oil in Krishna Godavari basin

‘Deposits ordinance does not cover gold schemes’ Tax experts have said that the Banning of Unregulated Deposit Schemes Ordinance, 2019 does not cover gold schemes. There has been a lack of clarity on whether deposits taken by jewellers from customers falls under the ambit of the ordinance. Several gold jewellers across India run monthly deposit… Continue reading ‘Deposits ordinance does not cover gold schemes’

First Indian Army Mountaineering Expedition to Mt Makalu flags off Director General of Military Training has flagged off the first Indian Army Mountaineering Expedition to Mount Makalu. Mount Makalu is the fifth highest mountain in the world at 8,485 meters (27,838 ft), whose shape is a four-sided pyramid. It is located in the Mahalangur Himalayas… Continue reading First Indian Army Mountaineering Expedition to Mt Makalu flags off

After FATF,Asia-Pacific group may also grey-list Pakistan Pakistan is facing the risk of being greylisted by the Asia Pacific Group (APG). Pakistan has a high non-compliant rate of nearly 70% on 40 recommendations against money laundering and terrorist financing. Earlier, Financial Action Task Force (FATF) had decided to keep Pakistan on its grey list. It… Continue reading After FATF,Asia-Pacific group may also grey-list Pakistan

In 2018, Official Secrets Act invoked in 5 cases The Ministry of Home Affairs (MHA) has issued five prosecution sanction orders in 2018 under the Official Secrets Act (OSA),1923. Official Secrets Act(OSA) is India’s anti espionage (Spy and Secret agent) act enacted in 1923 during the British Rule. It extends to all matters of secrecy… Continue reading In 2018, Official Secrets Act invoked in 5 cases

Electoral bonds hit transparency in political funding, says Election Commission The Election Commission of India has filed an affidavit in the Supreme Court. It said that the introduction of electoral bonds and the removal of the cap on corporate funding by the government will have a serious impact on the transparency of political funding. EC… Continue reading Electoral bonds hit transparency in political funding, says Election Commission

Pakistan acts to defuse tensions with Afghanistan Pakistan’s foreign ministry has clarified that the remarks made by Pakistan PM had been taken out of context and misinterpreted. It said that Pakistan has no other interest in Afghanistan but to promote peace through an Afghan owned and Afghan led political process. Recently, Afghanistan had recalled its… Continue reading Pakistan acts to defuse tensions with Afghanistan

SC sentences lawyer to 3 months in jail for contempt, suspends term on apology The Supreme Court had sentenced an advocate to three months jail for committing contempt of court by browbeating the judges. However the apex court suspended the sentence with a condition that he would abide by his own undertaking that he won’t… Continue reading SC sentences lawyer to 3 months in jail for contempt, suspends term on apology