UAE top source of inward remittances in 2016-17:RBI News: The Reserve Bank of India’s survey of inward remittances for 2016-17 released recently. Important facts: 2. Remittances represent household income from foreign economies arising mainly from the temporary or permanent movement of workers to source economies. 3. The survey highlighted the following facts: The United Arab… Continue reading UAE top source of inward remittances in 2016-17:RBI

A welcome retreat News: Centre is pulling out FRDI Bill Important facts: 2. The Bill named “the Financial Resolution and Deposit Insurance Bill, 2017 was introduced in Lok Sabha last year. 3. Reasons for withdrawing  the Bill: The Bill was in controversy for “Bail-in Clause” provision. Under bail-in clause provision, banks are essentially dependent on… Continue reading A welcome retreat

U.S. hits Russia with new sanctions News: The U.S.  will soon impose new sanctions against Russia . Important facts: 2. The new sanctions would be in response to the attempted assassination of a former Russian spy living in England and his daughter. 3. Terms of sanctions: Any attempt by a U.S. company to obtain an… Continue reading U.S. hits Russia with new sanctions

Responding to widespread concern News: Recently, the SC/ST amendment Bill overcomes the March 20 judgment of the Supreme Court by amending the 1989 Act to introduce Section 18A. Important facts: 2. Recently, the Supreme Court gave verdict on the SC/ST (Prevention of Atrocities) Amendment Bill 2018. 3. The 2018 Bill overrides the apex court judgment,… Continue reading Responding to widespread concern

Perils of historical amnesia Article: Sandeep Bhardwaj, research associate with Centre for Policy Research, highlighted the controversies involved with Article 35A of the Constitution and India’s efforts to bring Kashmir into its fold. Important facts: 2. The critiques  of Article 35A argued that : The Article affords Jammu and Kashmir undue power especially by preventing… Continue reading Perils of historical amnesia

Nod for three changes to triple talaq Bill News: Recently, the Union Cabinet approved crucial amendments to the triple talaq Bill. Important facts: 2. These amendments were proposed to the Muslim Women Protection of Rights on Marriage Bill. 3. The Bill makes instant triple talaq illegal and imposes a jail term of up to three… Continue reading Nod for three changes to triple talaq Bill

‘India to triple ethanol production by 2022’ News PM says India will triple its ethanol production by 2022 Important Facts 2. World Bio-fuel Day is on 10th August 3. Government has planned 12 biofuel refineries in the country at an investment of ₹10,000 crore 4. Benefits This will increase the total ethanol production from 141… Continue reading ‘India to triple ethanol production by 2022’

IIP surges to five-month high of 7% News The Index of Industrial Production registered a growth rate of 7% in June, rising from 3.93% in May. Important Facts 2. Main driver of growth Manufacturing sector grew 6.9% in June from 3.66% in May The primary goods grew 9.28% in June, up from 5.74% in May.… Continue reading IIP surges to five-month high of 7%

Khangchendzonga Biosphere Reserve enters UNESCO list News: Recently, the Khangchendongza Biosphere Reserve (KBR) has been included in the UNESCO’s World Network of Biosphere Reserve (WNBR). Important Facts The decision of inclusion was taken at the 30thsession of the International Coordinating Council of Man and Biosphere Reserve Programme, UNESCO, held in Indonesia Biosphere Reserves in India… Continue reading Khangchendzonga Biosphere Reserve enters UNESCO list

We averted a possible debacle: ISRO chairman News ISRO recently recall its satelliteGSAT-11 midway between its reaching the French port and the launch. Important facts 2. ISRO’s Chairman K. Sivan has recently justified the decision 3. Dr. Sivan said an apex committee of former chairmen and former space commission members collectively decided to bring GSAT-11… Continue reading We averted a possible debacle: ISRO chairman