AMENDMENTS IN IBC Subject: Governance Context: The Supreme Court on Tuesday upheld amendments in the Insolvency and Bankruptcy Code which prescribe that at least 100 allottees from the same real estate project should support the initiation of corporate insolvency resolution process in NCLT against their property developer. Concept: The Insolvency and Bankruptcy Code […]
INVESTMENT MODELS IN E-COMMERCE Subject: Economy Context: India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc., to restructure ties with some major sellers. Concept: It is a type of business model, or segment of a […]
PARAKRAM DIWAS Subject: Current Events/History Context: The Union Culture Ministry on Tuesday announced that January 23, birth anniversary of Subhas Chandra Bose, would be celebrated as “ParakramDiwas” — day of courage — every year. Concept: Prime Minister Narendra Modi would preside over the inauguration of the celebrations in Kolkata, where a permanent exhibition […]
S 400 Subject: Defence Context : As India prepares to receive the first batch of S-400 long-range air defence system by year-end, the first group of Indian military specialists are scheduled to depart for Moscow soon to undergo training courses on the S-400, the Russian Embassy here said in a statement. Concept: The […]
HABEAS CORPUS Subject: Polity Context: The court said this while disposing a Habeas Corpus plea filed by an MBA student seeking that a 23-year-old woman, whom he wished to marry, be produced before the court, as she had been illegally detained. Concept: According to Article 32, both the High Courts and the Supreme […]
GLOBAL RISK REPORT Subject: International Report Context: The report, released ahead of the virtual ‘Davos Agenda’ summit of the WEF from January 25-29 that would be attended by Prime Minister Modi among other global leaders. Concept: The (16th edition) report was released by World economic forum and it is a part of it’s […]
K SHAPED RECOVERY Subject: Economics Concept: A K-shaped recovery occurs when an economy recuperates unevenly, and there’s a separate trajectory for two segments of the society. While the financial markets recover and grow, the real economy, or the flow of goods and services, gets worse. That’s worrying, because 84% of the stock market […]
DSIB’s Subject: Economy Context : The Reserve Bank of India (RBI) has retained State Bank of India, ICICI Bank and HDFC Bank as domestic systemically important banks (D-SIBs) or banks that are considered as “too big to fail”. Concept : D-SIB means that the bank is too big to fail. According to the […]
P – NOTES Subject: Economics Context: Data show that ₹87,132 crore ($11.6 billion approx) worth of P-note positions were outstanding as of December 2020. Concept: A promissory note is an instrument in writing (not being a bank note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a […]
INSIDER TRADING Subject: Economics Context : The Andhra Pradesh High Court on Wednesday quashed cases filed by the CID alleging insider trading in land transactions — during the tenure of the Telugu Desam Party. Concept: Insider trading is the buying or selling of a publicly-traded company’s shares/debt papers by someone who has […]