News: The three new external members of the Reserve Bank of India’s Monetary Policy Committee (MPC) will be taking charge at a time when many believe interest rate curve is at an inflection point. 1. Monetary Policy Committee (MPC) is a statutory body under the RBI Act 1934. 2. It is responsible for fixing the… Continue reading New external MPC members may keep markets guessing

News: The Saudi Minister has said that prices could drop as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agree upon production limits, according to the delegates in the cartel. 1. Organisation of Petroleum Exporting Countries (OPEC): It is an intergovernmental organisation that was established in Baghdad in 1960 by… Continue reading Saudi Minister warns of $50 oil as OPEC+ members flout production curbs

News: SEBI has announced measures to limit individual trading in F&O segment and help investors to channel savings in productive areas. 1. Futures and Options (F&O): They are two varieties of financial derivatives which were introduced in India by National Stock Exchange (NSE) in June 2000. 2. F&O segment allows traders to speculate on future… Continue reading Norms of Trading

News: Sonam Wangchuk was detained on the Delhi border while leading a protest demanding inclusion of Ladakh in the 6th Schedule of the Constitution. 1. Asymmetrical Federalism is a form of federal arrangement where some states and areas enjoy more autonomy or have special provisions under the Constitution than others. 2. Asymmetrical Federalism is visible… Continue reading What special status is Ladakh seeking?

News: The Bombay High Court has struck down an amendment to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 in defence of the right to freedom of speech and expression and the likely violation of safe harbour provisions. 1. Major Provisions of the amended rules- a. Creation of Fact Check Unit (FCU)… Continue reading A case of nothing but patent censorship

News: Yesterday, PM launched the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan, which is a continuation in the series of schemes and projects, like PM JANMAN, which were rolled out for the benefit tribals across the country. 1. Dharti Aaba Janjatiya Gram Utkarsh Abhiyan: It aims at saturation of critical gaps in social infrastructure, health, education,… Continue reading Package launched for scheme saturation in ST-majority villages