Category: Featured Editorials

Payment Ecosystem in India: A “payment system” means a system that enables payment to be effected between a payer and a beneficiary, involving clearing, payment or settlement service or all of them. Settlement’ means the settlement of payment instructions received and these include settlement of securities, foreign exchange or derivatives or other transactions.  Based on the… Continue reading Payment Regulation in India

Context: RBI Board Meeting to be held on 19th November 2018 Reserve Bank of India: The Reserve Bank of India (RBI) is India’s central bank, also known as the banker’s bank. The RBI controls monetary and other banking policies of the Indian government. The origins of the Reserve Bank of India (RBI) 1926: The Royal Commission on Indian Currency… Continue reading Centre-RBI Conflict

Context: The Ministry of Civil Aviation is likely to announce the third phase of the regional air connectivity scheme, UDAN, next month. What is Civil Aviation? The civil aviation sector consists of several segments including helicopter/seaplane services, ground handling services, maintenance and repair organizations, flying training institutes, and technical training institutions. Civil Aviation Sector in… Continue reading Civil Aviation in India

Context: Recently, the Indian Prime Minister announced a number of measures to make it easier for micro, small and medium enterprises (MSMEs) to access credit. What are Micro, Small and Medium Enterprises? According to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, there are two categories of MSMEs in the country – manufacturing and… Continue reading Micro, Small and Medium Enterprises in India: An Analysis

Context: Type-2 polio virus contamination detected in the vials used for immunisation in Uttar Pradesh, Maharashtra and Telangana What is poliomyelitis/polio? Poliomyelitis, often called polio or infantile paralysis is an acute infectious disease caused by polio virus. The virus is a human enterovirus of the Picornaviridae There are three types of Polio Virus: 1,2,3-Single stranded RNA… Continue reading Polio in India

Context:  The National Green Tribunal (NGT) has upheld the environmental clearance granted to the India-based Neutrino Observatory (INO). What is neutrino? A neutrino is a sub atomic particle with no electric charge. They are considered to be the second most abundant particle in the universe, after photons, or light particles. Neutrinos were initially thought to… Continue reading India-based Neutrino Observatory

“A world free of nuclear weapons would be a global public good of highest order”-Ban-Ki-Moon Context U.S. President Donald Trump declared that the U.S. is quitting the Intermediate-Range Nuclear Forces (INF) Treaty, a bilateral agreement with Russia signed in 1987. Nuclear Proliferation Proliferation means rapidly increasing the number or amount of something.The term nuclear proliferation… Continue reading Proliferation of Nuclear Weapons and Its Prevention

Context: The Ahmedabad Municipal Corporation wants monuments like Swaminarayan Temple, Chakudiya Mahadev and Karnamukteshwar temple and others to be included in the list of heritage monuments protected by the Archaeological Survey of India. What is an Ancient Monument? The Ancient Monuments and Archaeological Sites and Remains Act, 1958 defines an ‘Ancient Monument’ as any structure,… Continue reading Monuments in India: issues and Challenges

Context:The Supreme Courtdismissed a PIL petition seeking a judicial order to lower the legal marriageable age of men from 21 to 18 years. Definition: Child marriage in India is defined as the marriage solemnized between two people where the female is below the age of 18 years and the male is below the age of… Continue reading Child marriage in India