Author: ForumIAS

Cryptocurrencies will boost illegal transactions: RBI to SC News: The RBI recently said dealing in cryptocurrency will encourage illegal transactions. Important facts: Earlier also, the RBI has issued a circular prohibiting use of these virtual currencies. Cryptocurrencies: Cryptocurrencies are “a stateless digital currency” in which encryption techniques are used for trading. These currencies operate independently… Continue reading Cryptocurrencies will boost illegal transactions: RBI to SC

Fault lines in a ‘landmark’ judgment Article: Shyam Babu, senior fellow, centre for policy research, highlighted the critical aspect of the recently delivered verdict on the SC/STs Atrocities Act by the Supreme Court Justice. Important facts: The SC Justice A.K. Goel defended his judgment on SCs/STs Atrocities Act delivered by him on March 20, 2018.… Continue reading Fault lines in a ‘landmark’ judgment

An index to determine the value of coal blocks News:  The High-powered committee suggested major changes in the coal block auction system. Important facts: 2. The committee was set up last year to review the current process. 3. The Expert Committee to ‘report on the challenges faced by the current auction system and recommend changes’… Continue reading An index to determine the value of coal blocks

Source : What is the GDP deflator? News: GDP deflator is a more comprehensive measure of inflation. Important facts: 2. GDP deflator: It is a more comprehensive measure of inflation. The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an… Continue reading What is the GDP deflator?

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