News: The Lok Sabha approved a Bill to amend the Chartered Accountants Act, 1949. The law governs the Institute of Chartered Accountants of India (ICAI). The amendment bill aims to improve discipline, governance, administration, and accountability of ICAI. Following are its main provisions: The ICAI’s disciplinary committee and board of discipline will be chaired by… Continue reading A parliamentary Bill the ICAI needs to take note of
Tag: gs paper 2
Life, limb & the law: SC’s right on liberal compensation for accident victims. But a clogged system is stacked against citizens
News: In a verdict that offers hope to accident survivors, and sets an example for lower courts, the Supreme Court counselled judges to take a liberal view in awarding compensation to those grappling with 100% disabilities. Need for reforms Only a fraction of motor insurance claims raised every year – reportedly around Rs 10,000 crore… Continue reading Life, limb & the law: SC’s right on liberal compensation for accident victims. But a clogged system is stacked against citizens
India can act today to shape tomorrow’s terms of connectivity with Pakistan
News: Recently, there have been various developments between India and Pakistan relations which were encouraging. Contents1 What are some of the positive developments?2 What are the issues/challenges from both sides? 3 What will happen if India continues to isolate Pakistan? 4 What can be done by India even if Islamabad does not reciprocate? 5 Way Forward What are… Continue reading India can act today to shape tomorrow’s terms of connectivity with Pakistan
India and Australia are finally acting like the natural partners they are
News: Indian-Australian PM had a virtual summit. Further, a historic free trade agreement is going to be signed between both the countries. The free trade negotiations were being carried out for a decade. The negotiation started since May 2011. The discussions were restarted in June 2020 when India-and Australia established a Comprehensive Strategic Partnership. Contents1… Continue reading India and Australia are finally acting like the natural partners they are
A missed chance for Indo-China relations
News: Recently, Chinese leader visited India. He visited after participating in the OIC Council of Foreign Minister (CFM) hosted in Islamabad and carrying a tour to Pakistan, Afghanistan and Nepal. It was the first Chinese leader visit to India after the military standoff in eastern Ladakh in 2020. What were the objectives behind the Chinese… Continue reading A missed chance for Indo-China relations
On CUET: Centralising tests
News: The UGC has decided to conduct a Common University Entrance Test (CUET) for admission from 2022-23 in undergraduate programmes in all the Central Universities (CUs) funded by it. Background Madhuri R. Shah Committee (1984) recommended a national merit examination for the Central Universities. The govt advocates for ‘one nation, one standard’ maxim in different… Continue reading On CUET: Centralising tests
Bridging the bay in quest of a stronger BIMSTEC
News: Sri Lanka is ging to host the Fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit. It is going to be the silver jubilee (25 years of BIMSTEC). BIMSTEC members should build the momentum of collaborations in the Bay of Bengal region for the security and development of all. What… Continue reading Bridging the bay in quest of a stronger BIMSTEC
Aid Sri Lanka’s economy and not Rajapaksa’s grip
News: As per reports, Sri Lanka has sought an additional $1 billion by way of a credit line, which would be on top of the $2.4 billion aid package it has already received from New Delhi this year. India should help Colombo get past its economic crisis for the sake of friendly ties and regional… Continue reading Aid Sri Lanka’s economy and not Rajapaksa’s grip
Hindu as minority: Government’s affidavit is consistent with the Constitution
News: This week, the Government of India submitted a detailed affidavit in the Supreme Court on the issue of who is a minority, and how minorities are defined in the Constitution. About Government’s affidavit: It states about granting minority status to Hindus in Kashmir, Ladakh, Punjab, a few Northeastern states, and Lakshadweep. The affidavit says… Continue reading Hindu as minority: Government’s affidavit is consistent with the Constitution
Globalization is dying: Long may the phenomenon live
Context: Recently, the Western world came together to impose sanctions on Russia, decades old business arrangements with countries were terminated. All this came in the backdrop of COVID-19, exposing the vulnerability of globalization. Among nation-states it has led to hardening of nationalistic agendas. Countries are focusing on self-reliance to reduce geopolitical risks. Is it possible… Continue reading Globalization is dying: Long may the phenomenon live
