Author: ForumIAS

IBC: UN model eyed for cross-border norms News: The government is looking at the possibility of adopting a United Nations legal model for cross-border insolvency cases. Important facts: 2. It works on strengthening the insolvency resolution framework. 3. The Insolvency and Bankruptcy Code (IBC) has sections pertaining to cross-border insolvency matters but are yet to… Continue reading IBC: UN model eyed for cross-border norms

Army to get artillery guns from September News: The Army will be inducting two types of artillery guns into its arsenal very shortly. Important facts: 2. These will be the first induction of heavy artillery since the Swedish Bofors guns imported in the 1980’s. 3. The Army will start taking delivery of the K9 Vajra-T… Continue reading Army to get artillery guns from September

Watershed development projects lagging behind badly News: According to the parliamentary standing committee report, watershed development projects lagging behind badly. Important facts: 2. The report highlighted the following points: Watershed development project is a vital component of the Pradhan Mantri Krishi Sichai Yojana (PMKSY). According to parliamentary standing committee, only 10% of projects completed. Not… Continue reading Watershed development projects lagging behind badly

Dealing with the Taliban hand News: The U. S. new Afghanistan policy, unveiled last year by the President Donald Trump, lies in tatters. Important facts: 2. President Trump blamed Pakistan for protecting terrorist and later cut off security assistance to Taliban’s greatest benefactor and backers. 3. The new American move comes at a time when… Continue reading Dealing with the Taliban hand

July 30 NRC list only a draft: Rajnath News: The National Register of citizens (NRC) for Assam to be published on July 30, was only a “draft” list, says Home Minister Rajnath Important facts: 2. The NRC is being updated in accordance with the Assam Accord signed on Aug14, 1985. 3. The entire process is… Continue reading July 30 NRC list only a draft: Rajnath

Short spells of heavy showers News: Mini-cloud bursts are increasing in India Important facts: A mini-cloud burst is defined as rainfall in excess of 50 mm in two consecutive hours. The term was coined by the scientists at Pune’s Indian Institute of Tropical Meteorology(IITM) due to an increase in heavy rainfall of short durations during… Continue reading Short spells of heavy showers

Iran becomes India’s No. 2 oil supplier News Iran was the second-biggest oil supplier to Indian state refiners between April and June, after Iraq Important facts Iran replace Saudi Arabia as second largest supplier of oil India and other major buyers of Iranian oil are under pressure to cut imports from the country after Washington… Continue reading Iran becomes India’s No. 2 oil supplier

Banks agree to resolve stressed assets quickly News 24 public, private and foreign banks have signed inter-creditor agreements (ICA) to resolve stressed assets. Important facts The move comes after RBI dismantling of all the existing resolution mechanisms, such as the joint lenders’ forum in its 12 February circular RBI asked lenders (Banks, NBFC) to start… Continue reading Banks agree to resolve stressed assets quickly

Stimulus mode News Goods and Services Tax Council has announced a reduction in the tax rates for over 85 goods. Important Analysis 2. Reduction in Tax slabs On consumer durables such as television sets, washing machines and refrigerators, along with a dozen other products, have been slashed from 28% to 18%. This rate cut leave… Continue reading Stimulus mode

PM in Africa amid a fall in trade News  PM to visit three African Nations to Boost India-Africa Bilateral Relation Important facts 2. This visit is important as it is a reflection of Indian engagement and the priority of India with African nations. 3. Indian engagement with African nations has been increased over last 4… Continue reading PM in Africa amid a fall in trade