Subject: Economy Context: Centre to consider plan for five-year extension for Plastic recycling units in SEZ Concept: India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965. With a view to overcome the […]
Subject: Polity Context: Rajya Sabha passes two farm bills by voice vote amid opposition protests Concept: Both the concepts of a voice vote as well as a division have been borrowed from the Parliament of the United Kingdom and were already in use in legislatures in British India. A voice vote involves the speaker putting […]
Subject: Polity Context: Lok Sabha Speaker obliged to demand for adjournment of the House. The request was made as several Opposition members were on a sit-in protest in Rajya Sabha, which would have meant that MPs allocated seats there on account of social distancing protocol would not have been able to take their places. Concept: The Speaker […]
Subject: IR Context: Swiss Leaks, Panama Papers, now SARs are bank reports that alert law-enforcement agencies Concept: The FinCEN Files refer to a set of over 2,100 “Suspicious Activity Reports” (SARs) filed by banks with the United States Department of the Treasury’s Financial Crime Enforcement Network, the agency that serves as the leading global regulator in the […]
Subject: Economy Context: The Banks Board Bureau (BBB) has recommended to the government names of 13 general managers of various public sector banks (PSBs) for appointment as executive directors. Concept: The Bureau started functioning from April 01, 2016 as an autonomous recommendatory body. It is tasked to improve the governance of Public Sector Banks, recommend selection of chiefs of […]
Subject: Polity Context: Government pushed through two crucial agriculture Bills in Rajya Sabha, rejecting Opposition demands that they be referred to a Select Committee of Rajya Sabha. Concept: India’s Parliament has multiple types of committees. They can be differentiated on the basis of their work, their membership and the length of their tenure. First are committees […]
Subject: Economy Context: The Corporate Affairs Ministry (MCA) has extended by one year the term of the existing Company Law Committee (CLC) Concept: It was set up to promote Ease of Living in the country by providing Ease of Doing Business to law abiding corporates and fostering improved corporate compliance for stakeholders at large. The […]
Subject: Schemes Context: The Ministry of Social Justice and Empowerment has formulated and is implementing a National Action Plan for Drug Demand Reduction (NAPDDR) for 2018-2025. This information was given by Minister of State for Social Justice and Empowerment Shri Rattan Lal Kataria in a written reply in Lok Sabha Concept: The Ministry of Social […]
Subject: Economy Context: No preference for ‘Make in India’ in World Bank project to curb coronavirus Concept: The $1 billion World Bank loan to prevent, detect and respond to the threat of coronavirus and strengthen national health systems for preparedness as India combats the ongoing pandemic comes with a condition of “universal eligibility” in procurements. […]
Subject: Polity Context: Twelve opposition parties gave notice for a no-confidence motion against Rajya Sabha Deputy Chairman Harivansh, accusing him of violating the parliamentary procedures in trying to pass the farm sector Bills in haste, circumventing all demands for proper voting. Concept: Rajya Sabha elects a Deputy Chairman to perform the functions of the Chairman in case of […]