Author: ForumIAS

Fears over FRDI bill misplaced:govt  Context In yet another clarification about the Financial Regulatory and Deposit Insurance (FRDI) Bill, the government has said depositors will be given preferential treatment in the event of liquidation of a bank, and the controversial bail-in clause will be used only with the prior consent of depositors. Bail-in won’t be… Continue reading Fears over FRDI bill misplaced:govt 

Rajya Sabha passes Bankruptcy Code bill  Context The Rajya Sabha on Tuesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2017, which bars unscrupulous persons from misusing the provisions of the Code. The Bill, which replaces an ordinance promulgated last November, was cleared by the Lok Sabha last week The Bill, which replaces an ordinance… Continue reading Rajya Sabha passes Bankruptcy Code bill 

Doctors call off strike after Centre defers Bill Context The Indian Medical Association (IMA) called off its 12-hour  strike on Tuesday after the government referred the controversial National Medical Commission Bill, tabled in the Lok Sabha, to a Standing Committee. It will go now to Standing Committee IMA’s next step would be to convince the… Continue reading Doctors call off strike after Centre defers Bill

Questionable remedy  Context The decision of the Lok Sabha to  send the National Medical Commisssion Bill to a standing committee for a relook   is the right one. First proposed in 2016 , the Bill aims to overhaul the corrupt and inefficient Medical Council of India, which regulates medical education and practice National Medical Commission Bill First… Continue reading Questionable remedy 

Israel passes new law on Jerusalem  Context Israel’s parliament passed a law on Tuesday requiring a supermajority to relinquish control over any part of Jerusalem, a move that could hamstring the city’s division in any future peace deal. Palestinian President Mahmoud Abbas called the legislation “tantamount to declaring war on the Palestinian people.” The amendment… Continue reading Israel passes new law on Jerusalem 

Sushma to go on tri-nation tour  Context Beginning the groundwork for the ASEAN-India Commemorative Summit later this month, External Affairs Minister Sushma Swaraj will visit Thailand, Indonesia and Singapore from January 4 to 8 To lay the groundwork for the ASEAN-India Commemorative Summit The three-nation visit is likely to cover India’s annual plans for the… Continue reading Sushma to go on tri-nation tour 

Among the multiple endings  Context How Kulbhushan Jadhav’s fate is tied to the state of play in India-Pakistan ties Two Years ago The symbolism was inescapable. Two years ago, when Prime Minister Narendra Modi made an impromptu stop-over in Lahore to reach out to the then Pakistani Prime Minister, Nawaz Sharif, during the wedding of… Continue reading Among the multiple endings 

Towards a genomics revolution  Context India has the scientific resources for genetic research — all it needs is the vision at the national level to leverage them Personalised medicine At this point, in principle, the prospect of building individualized medicine based on the precise information stored in each human’s DNA (their genome) had come into… Continue reading Towards a genomics revolution 

Key ministries disagree over CAMPA fund rules  Context Differences between the environment ministry and the finance ministry have become a roadblock to the Compensatory Afforestation Fund Management and Planning Authority (CAMPA). CAMPA This authority was envisaged as an independent body that would manage a corpus — collected from industries that have used forest land for… Continue reading Key ministries disagree over CAMPA fund rules 

Clearing the air on the bail in clause  Context The government on Tuesday issued another clarification on the Financial Resolution and Deposit Insurance Bill in a bid to clear the air about the many misgivings about the proposed Bill’s most notorious clause: the bail-in. What does the Bill seek to do? It is meant to… Continue reading Clearing the air on the bail in clause