News: The ongoing Russia-Ukraine crisis has given an impetus to the question of de-dollarisation of the global forex framework. Efforts are already underway for the possible introduction of a new Russia-China payment system, bypassing SWIFT and combining the Russian SPFS (System for Transfer of Financial Messages) with the Chinese CIPS (Cross-Border Interbank Payment System). What… Continue reading Why ‘de-dollarisation’ is imminent?
Tag: Indian express
Indian express articles.
India is amongst the world’s largest arms importers, says SIPRI
What is the News? Stockholm International Peace Research Institute (SIPRI) has released a report titled “Trends in International Arms Transfers 2021 Report”. What are the key findings of the report? The volume of international transfers of major arms in 2017–21 was 4.6% lower than in 2012–16, but was 3.9% higher than in 2007–11. The five… Continue reading India is amongst the world’s largest arms importers, says SIPRI
What are MANPADS that the West is sending Ukraine?
What is the News? The United States and North Atlantic Treaty Organization(NATO) are shipping weapons into Ukraine, including highly sensitive items such as shoulder-fired missiles called Man-Portable Air-Defence Systems (MANPADS) that can take down aircraft. What are MANPADS? MANPADS are short-range, lightweight and portable surface-to-air missiles that can be fired by individuals or small groups… Continue reading What are MANPADS that the West is sending Ukraine?
Explained: The rank-pension case
What is the News? The Supreme Court upheld the manner in which the government had introduced the “One Rank One Pension” scheme in defence forces. What is One Rank One Pension(OROP)? One Rank, One Pension rule means that retired soldiers of the same rank and length of service will receive the same pension, regardless of… Continue reading Explained: The rank-pension case
Why special situation funds are necessary
News: Recently, Indian financial markets witnessed two crucial reforms. One was release of a dedicated regulatory framework for special situation funds (SSFs) by SEBI and, the other was approval of a new dual-structure for bad-bank (called NARCL-IDRCL) by RBI. Why have such new reforms been undertaken? India suffers from a bad loan problem which requires higher… Continue reading Why special situation funds are necessary
Explained: India’s draft medical devices policy, and why it is needed
What is the News? The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers has released “Draft National Policy for the Medical Devices, 2022. What is the Medical Devices Sector? Click Here to read What is the need for National Policy for the Medical Devices? Firstly, nearly 80% of the medical devices currently sold in the… Continue reading Explained: India’s draft medical devices policy, and why it is needed
Explained: What revoking Russia’s ‘most favoured nation’ status means
What is the News? The US and other members of the Group of Seven (G7) will revoke Russia’s “Permanent Normal Trade Relations (Pntr)” status to punish Russia for war over Ukraine. What is Permanent Normal Trade Relations(PNTR)? The status of Permanent Normal Trade Relations (PNTR) is a legal designation in the United States for free… Continue reading Explained: What revoking Russia’s ‘most favoured nation’ status means
Ukraine invasion and the great geopolitical reset
Context: Article explains the global dynamics after Russia-Ukraine war. Major wars have significant consequences for the internal and international politics of the combatant nations. For instance, Indo-Pak war of 1971: Liberated Bangladesh Altered balance of power between Delhi and Islamabad New Pakistani Constitution in 1973 to democratize a nation that was dominated by the Army.… Continue reading Ukraine invasion and the great geopolitical reset
Explained: The legal considerations of blockchain gaming in India
What is the News? The vast scope and potential of blockchain technology have attracted the gaming industry over the past few years. In India too, gaming industries are exploring this option. What is Blockchain Gaming? Blockchain Gaming are online video games that are developed by integrating blockchain technology into them. It includes elements that use… Continue reading Explained: The legal considerations of blockchain gaming in India
As RIMC turns 100, a celebration of its legacy of courage
What is the News? Rashtriya Indian Military College (RIMC), Dehradun, previously known as the Prince of Wales Royal Indian Military College, has completed 100 years. What is Rashtriya Indian Military College (RIMC)? Rashtriya Indian Military College (RIMC) is a military school situated in Doon Valley, Dehradun in India. The college is administered through the Army… Continue reading As RIMC turns 100, a celebration of its legacy of courage
