MDR reimbursement pending from banks News The Payments Council of India (PCI) has said that reimbursement of merchant discount rates from banks to service providers and merchant aggregators are yet to be received. What is Merchant Discount Rate (MDR)? MDR is the fee that a merchant has to pay to a bank for every transaction… Continue reading MDR reimbursement pending from banks
Author: ForumIAS
Railways to roll out smart coaches
Railways to roll out smart coaches News Railways roll out smart coaches with black box and diagnostics Important Facts: Smart Coaches are equipped with: State-of-the-art sensors that can detect defect on bearings, wheels and the railway track Centralized computer to monitor the status of all sensors through a single window Black-box has a multi-dimensional communication… Continue reading Railways to roll out smart coaches
Adultery is not a crime, rules SC; strikes it off IPC
Adultery is not a crime, rules SC; strikes it off IPC News Supreme Court in its judgment has ruled that adultery is not a criminal offence. Important Facts Background about Adultery and Section 497 of the IPC Problems with Adultery Law According to Section 497 of the IPC, a man had the right… Continue reading Adultery is not a crime, rules SC; strikes it off IPC
Hearings on Ayodhya title suit to resume, decides SC
Hearings on Ayodhya title suit to resume, decides SC News: Appeal for seven-judge bench to hear the Ayodhya case has been declined by the Supreme Court. Important Facts: The main dispute is related to the question of, “if a mosque as a place of prayer is an essential part of Islam”. Supreme Court, in 1994… Continue reading Hearings on Ayodhya title suit to resume, decides SC
Reservation in promotions: Disquiet over SC’s ruling on creamy layer for SCs, STs
Reservation in promotions: Disquiet over SC’s ruling on creamy layer for SCs, STs News: Government’s dilemma over Supreme Court ruling on concept of creamy layer for SC/STs. In the present judgment, the Supreme Court has decided not to collect data of backwardness to provide reservation to SC/STs but it may consider the concept of creamy layer… Continue reading Reservation in promotions: Disquiet over SC’s ruling on creamy layer for SCs, STs
Should the convicts in the Rajiv Gandhi case be released
Should the convicts in the Rajiv Gandhi case be released News: The Tamil Nadu government has recommended release of all seven convicts under Article 161 of the Constitution in Rajiv Gandhi assassination case. Article 161: This gives the Governor power to pardon, suspend, remit or commute sentences of people who have been proved guilty in court… Continue reading Should the convicts in the Rajiv Gandhi case be released
PT Facts
PT Facts PM Modi gets UN’s highest environmental honour Prime Minister Narendra Modi is amongst the six winners of the United Nation’s highest environmental honour. Name of the award: Champions of the Earth Awards. He has won the award for his pledge to eliminate all single-use plastic in India by 2022. PM Modi and French President Emmanuel… Continue reading PT Facts
Think big
Think big Article Recent decision of Centre to increase customs duty on 19 “non-essential” items is just improving the margins and not addressing the structural macroeconomic issue. Important Analysis Using tariffs to curb imports of these items will not have a significant impact on narrowing the current account deficit (CAD) as these imports constitute less… Continue reading Think big
Garibi hatao’ redux
Garibi hatao’ redux News: An update of the Multidimensional Poverty Index (MPI), bought out by UNDP and the Oxford Poverty and Human Development Initiative recently has given poverty estimates about India. Important Facts: Report named “The Global Multidimensional Poverty Index Report: The Most Detailed Picture to Date of the World’s Poorest People” presents the global… Continue reading Garibi hatao’ redux
River pollution: NGT directs States to act
River pollution: NGT directs States to act News: Taking suo motu cognisance of the increase in polluted river stretches in the country, the National Green Tribunal (NGT) has directed all States and Union Territories to prepare action plans within two months. Important Facts: The data from the Central Pollution Control Board (CPCB) stated that the… Continue reading River pollution: NGT directs States to act
