Context: The pandemic has given the country an opportunity to evolve from being the pharmacy of the world to being the centre of a revolutionary research. How has India performed in the field of biotechnology over the years? Change overtime: India has seen an immense improvement in the number and quality of its healthcare facilities, reduction in… Continue reading Making of a biotech hub
Category: Current affairs Categories
Banking reforms
Context- RBI committee has recommended a series of changes that could transform the banking landscape by paving the way for large industrial conglomerates to set up banks. What are Non-Banking Financial Companies NBFCs? These are establishments that provide financial services and banking facilities without meeting the legal definition of a Bank. Hence they are frequently referred… Continue reading Banking reforms
Lakshmi Vilas Bank (LVB) merger with DBS bank
Context: Lakshmi Vilas Bank (LVB) merger with DBS bank is justified Why RBI decided for merger of Lakshmi Vilas Bank (LVB) amalgamation with DBS bank? Erosion of trust in financial institutions: India, over the past two years has seen the collapse of four financial firms: IL&FS, Dewan Housing Finance, Punjab and Maharashtra Cooperative Bank and Yes… Continue reading Lakshmi Vilas Bank (LVB) merger with DBS bank
Digital nation: On delivery of citizen services
Context: The true measure of digitalisation would be smooth delivery of all citizen services. Analyse the development of India as a digital nation. Measure of digital nation: The true measure of digital nation is the readiness of governments to use technology to create open, participatory public systems that citizens consider trustworthy. Result of internet access: Affordable smartphones and… Continue reading Digital nation: On delivery of citizen services
Judiciary is not slipping into ‘barbarism
Context: Recently questions have been raised on functioning of judiciary that it is slipping into “judicial barbarism”. What are the recent charges made against the judiciary? Electoral bonds case: The court has refused to do timely hearings of cases that go to the heart of the institutional integrity of a democracy. Elgar Parishad case: The… Continue reading Judiciary is not slipping into ‘barbarism
Machine hole- Technology led initiative
Context – Centre announces new measures to end manual scavenging by august 2021. What is manual scavenging and step taken by government to eliminate manual scavenging? Manual scavenging is the practice of removing human excrement from toilets, septic tanks or sewers by hand. More than 375 workers died while cleaning septic and sewer tanks between 2015… Continue reading Machine hole- Technology led initiative
lakshmi vilas bank crisis
What are the reason of RBI to put LVB under moratorium and amalgamated with DBS Bank? The RBI has now decided to impose a 30-day moratorium on Lakshmi Vilas Bank Ltd (LVB) due to the following reasons- Continuous Losses: The RBI said the financial position was declining steadily, with continuous losses over the last three… Continue reading lakshmi vilas bank crisis
Threat to Democracies
Context: Problems faced by the leading democracies in the world. What are the issues that are threatening the Democracies? Identity crisis: The issues of identity, or threats to identity, are becoming an important issue in elections, across democracies. Menace of Fake news: Manipulation of grievances by using psychometric techniques and use of ‘deep fakes’ made… Continue reading Threat to Democracies
Regulating free speech
Context: The Supreme Court’s has questioned the Union government on the measures it can and is willing to take against communally slanted television coverage. More on news: It appears to be an attempt to bring about a commitment to a course of action that will curb inflammatory journalism on broadcast media. The Court has distinguished between… Continue reading Regulating free speech
Moratorium on Lakshmi Vilas Bank
Context: RBI has imposed a moratorium on Lakshmi Vilas Bank and drafted a scheme for a merger. Why it is a concern? Already, India’s banking system is distressed due to the failures of IL&FS, Punjab & Maharashtra Cooperative Bank and DHFL, followed by the bailout of Yes Bank. Now, the Reserve Bank of India decision to… Continue reading Moratorium on Lakshmi Vilas Bank
