Context: Permitting industrial houses to own banks could undermine economic growth and democracy. Background Recently, an internal working group of the RBI has made a far-reaching recommendation to permit industrial houses to own and control banks. According to the report, the reason for permitting industrial houses to own and control banks is that industry-owned banks would… Continue reading Permitting industrial houses to own banks
Category: Current affairs Categories
Ayush and Ayurveda
Context: Recently, the Indian Medical systems of Ayurveda, Siddha, Sowa-Rigpa and Unani Medicine have identified surgical procedures that can be performed by postgraduate Ayurvedic doctors in Shalya (surgery). What is the history of Ayurveda and Allopathic practices in India? After Independence: The Indian state was faced with the difficult task of accommodating both the ascendant modern… Continue reading Ayush and Ayurveda
India – US future cooperation relations
Context: The future looks bright for U.S.-India trade, but it may not be any easier. More on news: Constructive stance: There will be a more constructive stance on multilateral issues in the World Trade Organization (WTO). In bilateral trade policies: The Biden administration is likely to emphasise enforcement, and that will not differ so much. It is… Continue reading India – US future cooperation relations
Push for Exports
Context: India needs to shed its exaggerated fears of trade agreements to create new jobs. What are the challenges facing by Indian economy? Contracting Economic growth: India is in an economic recession for the first time in its independent history. Rising Unemployment: Thousands of people lost their jobs due to the slowing economy in 2018-19 and… Continue reading Push for Exports
Central Trade Unions strike
Context- Trade unions called for nationwide strike to protest government policies. Why Central Trade Union (CTUs) have called for a nation-wide strike and what are the demands Central Trade unions called for national wide strike to protest against anti-farmer laws, anti-worker labour codes, privatization of public sector and the corporatization policies of the government. Trade union’s demands- The… Continue reading Central Trade Unions strike
Right to choice of women
Context: The Uttar Pradesh government has cleared an ordinance that enables the state to police and punish inter-faith marriages with “the sole intention of changing a girl’s religion”. Discuss the issues associated with the law against love jihad. Law against fundamental rights: By clearing the ordinance, the state government has trespassed the fundamental right to marry guaranteed… Continue reading Right to choice of women
corporate houses in Indian banking
Context: Recently, an Internal Working Group of the Reserve Bank of India (RBI) has recommended that corporate houses be given bank licences. Background Earlier, in 2013, the RBI had issued similar guidelines permitting corporate and industrial houses to apply for a banking licence. However, no corporate was given a bank licence as none of the… Continue reading corporate houses in Indian banking
Protecting Article 32
Context: The Chief Justice of India is reported to have stated during the hearing of journalist Siddique Kappan’s bail matter, that the Court was trying to “discourage” recourse to Article 32. What does article 32 says? The right to move the Supreme Court by appropriate proceedings for the enforcement of the rights conferred by this… Continue reading Protecting Article 32
India exits RCEP
Context – India’s decision to stay out of the China-backed RCEP agreement and its significance. What is RCEP and its significance? Launched in 2012, Regional Comprehensive Economic Partnership is a trade pact between the 10-member ASEAN bloc, along with China, Japan, South Korea, Australia and New Zealand. However, India had been due to sign but pulled out… Continue reading India exits RCEP
Violence against women
Context: Domestic violence cases spiked during the COVID-19 lockdown. Explain about the violence during the pandemic? Shadow pandemic: The UN Secretary-General used the term for rise in domestic violence cases during the lockdown. Women and sexual minorities were confined indoors with their abusers and even making a call or stepping out for shelter were likely to be… Continue reading Violence against women
