Category: Test 1

After FATF,Asia-Pacific group may also grey-list Pakistan Pakistan is facing the risk of being greylisted by the Asia Pacific Group (APG). Pakistan has a high non-compliant rate of nearly 70% on 40 recommendations against money laundering and terrorist financing. Earlier, Financial Action Task Force (FATF) had decided to keep Pakistan on its grey list. It… Continue reading After FATF,Asia-Pacific group may also grey-list Pakistan

In 2018, Official Secrets Act invoked in 5 cases The Ministry of Home Affairs (MHA) has issued five prosecution sanction orders in 2018 under the Official Secrets Act (OSA),1923. Official Secrets Act(OSA) is India’s anti espionage (Spy and Secret agent) act enacted in 1923 during the British Rule. It extends to all matters of secrecy… Continue reading In 2018, Official Secrets Act invoked in 5 cases

Electoral bonds hit transparency in political funding, says Election Commission The Election Commission of India has filed an affidavit in the Supreme Court. It said that the introduction of electoral bonds and the removal of the cap on corporate funding by the government will have a serious impact on the transparency of political funding. EC… Continue reading Electoral bonds hit transparency in political funding, says Election Commission

Pakistan acts to defuse tensions with Afghanistan Pakistan’s foreign ministry has clarified that the remarks made by Pakistan PM had been taken out of context and misinterpreted. It said that Pakistan has no other interest in Afghanistan but to promote peace through an Afghan owned and Afghan led political process. Recently, Afghanistan had recalled its… Continue reading Pakistan acts to defuse tensions with Afghanistan

SC sentences lawyer to 3 months in jail for contempt, suspends term on apology The Supreme Court had sentenced an advocate to three months jail for committing contempt of court by browbeating the judges. However the apex court suspended the sentence with a condition that he would abide by his own undertaking that he won’t… Continue reading SC sentences lawyer to 3 months in jail for contempt, suspends term on apology

Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla Chief of Naval Staff inaugurated the nuclear, biological and chemical training facility(NBCTF) ‘Abhedya’ at INS Shivaji in Lonavala, Maharashtra. This facility has been built by Goa Shipyard Limited. The word “Abhedya” means ‘impenetrable’. It symbolises the protective cover that is provided on naval… Continue reading Indian Navy’s maiden nuclear, biological and chemical training facility inaugurated in Lonavla

Japan gives UN World Food Programme $69m Japan has donated $69 million to the United Nations World Food Programme to provide vital aid to 28 countries in the Middle East, Africa, and Asia, with the biggest share of the money being earmarked for Yemen and Iraq. Japan is one of WFP’s top donors and has… Continue reading Japan gives UN World Food Programme $69m

SC to hear plea to stay poll bonds on April 2 The Supreme Court has decided that it will hear on April 2 the petitions which have challenged the issuance of electoral bonds by the government. The petitioners have challenged the electoral bond scheme on the grounds that it (a)keeps the identity of the donor… Continue reading SC to hear plea to stay poll bonds on April 2

Shift to formal trade slower than expected According to a recent report, Goods and Services Tax (GST) which was introduced in 2017 has seen the Indirect tax collections increased. However, shift in trade towards a formal economy has been slower than expected. The report also said that under GST regime, the manufacturing sector witnessed an… Continue reading Shift to formal trade slower than expected

RBI receives aggressive bids, infuses ₹34,500 cr. liquidity The Reserve Bank of India has successfully concluded a forex swap auction intended to ease liquidity conditions. The central bank bought the targeted $5 billion as part of the long term Dollar/Rupee swap auction with a three-year tenor. In turn, Rs 34,561 crore was infused into the… Continue reading RBI receives aggressive bids, infuses ₹34,500 cr. liquidity