Contents1 What is the News?1.1 About Asset Reconstruction Company (ARC):2 Capital Requirements for an ARC:2.1 What are sources of funds for ARCs?2.2 How are ARCs different from the IBC? What is the News? The Reserve Bank of India(RBI) has set up the Sudarshan Sen committee to review the working of Asset Reconstruction Companies (ARCs) Comprehensively. It… Continue reading “Asset Reconstruction Companies” – Sudarshan Sen Committee Set-up
Category: daily news
“Startup India Seed Fund Scheme” launched
What is the News? Union Minister of Commerce & Industry launches the Startup India Seed Fund Scheme (SISFS). About Startup India Seed Fund Scheme (SISFS): The scheme was announced during the Prarambh: the ‘Startup India International Summit’. Which marks the 5-year anniversary of the Startup India initiative. Objective: Firstly, Startup India Seed Fund Scheme(SISFS) aims to… Continue reading “Startup India Seed Fund Scheme” launched
“NASA’s Mars Helicopter Ingenuity” Makes First Flight on Another Planet
What is the News? NASA’s Mars Helicopter Ingenuity successfully flies on Mars. It is the first powered flight on another planet. About NASA’s Mars Helicopter Ingenuity Ingenuity is the first helicopter to fly on Mars. NASA’s rover called Perseverance carried it to the Red Planet. Purpose: The helicopter’s main task is to carry out a… Continue reading “NASA’s Mars Helicopter Ingenuity” Makes First Flight on Another Planet
India needs to be cautious before joining Global Minimum Tax rate
Synopsis: A Global minimum tax rate is beneficial for the US. But India need to rethink before joining such international tax proposals Contents1 Introduction:2 Base Erosion and Profit Shifting (BEPS) Programme:3 Challenges to BEPS Programme:4 The OECD policy to solve BEPS issues:5 Concerns with the OECD policy proposal:6 Intermediate Taxation of Big Tech:7 The path to… Continue reading India needs to be cautious before joining Global Minimum Tax rate
Introducing Green Targets for Corporates
Synopsis: The government can introduce green targets and obligations on corporates. Adoption of such targets will help the global fight against climate change. Introduction: The massive levels of production, consumption, and disposal of goods and services benefited economic growth. But it slowed the replenishment cycle of limited resources. This is evident from the impacts of Climate… Continue reading Introducing Green Targets for Corporates
What led to the abolition of Intellectual Property Appellate Board?
Synopsis: A lack of effective government support provided to the Intellectual Property Appellate Board has led to its demise. Background The Intellectual Property Appellate Board (IPAB) established in 2003. It aimed to specifically deal with matters of intellectual property including copyright, trademarks, patents, and geographical indications. Further, since 2007 Novartis’ patent case, the IPAB has… Continue reading What led to the abolition of Intellectual Property Appellate Board?
University cannot give up its role as a site of dissent and questioning
Synopsis: The exit of Pratap Bhanu Mehta from Ashoka University has challenged popular assumptions about the space for unregulated intellectual freedom. Contents1 Introduction 2 Why is dissent important?3 How has dissent enriched academics over the years?4 The conclusion Introduction Concerns about the future of the academy and the ecosystems that define its routes have risen. The… Continue reading University cannot give up its role as a site of dissent and questioning
Girls Faced More Pressure During Pandemic: Study
What is the News? EMpower, global philanthropy has released a study titled ‘COVID In Her Voice: A Girl-led and Centred Participatory Research Study’. About the study: The U.K government supported the study. EMpower, (global philanthropy focused on at-risk youth in emerging markets) conducted it. Cities covered: Girls aged 13-24 from Ahmedabad, Alwar, Bareilly, Delhi, Lucknow,… Continue reading Girls Faced More Pressure During Pandemic: Study
National Policy for Rare Diseases 2021
Synopsis – National Policy for Rare Diseases 2021 is a good start; it provides financial assistance for one-time treatments of up to Rs. 20 lakh, implements a crowdfunding mechanism, establishes a rare disease registry, and allows for early detection. Introduction- Recently, the Ministry of Health and Family Welfare has approved the National Rare Disease Policy… Continue reading National Policy for Rare Diseases 2021
Cut in rate on small saving schemes withdrawn by Finance Minister
Synopsis – The Union government rolls back interest cut on small saving schemes interest rates, blaming the decision on an oversight. Introduction – The finance ministry has reversed its decision to cut interest rates on small savings accounts, citing an error. Reversing a rate cut of up to 110 basis points (1.1 percentage points) announced… Continue reading Cut in rate on small saving schemes withdrawn by Finance Minister
