Hint: Municipal bonds are being seen as viable source of finance for ULBs. Thus, the question will need their role in financing of the local bodies. Introduction (I): Define Municipal bonds. Body (B): 1) Briefly highlight gaps in financing in ULBs. 2) Now bring out the role these bonds can play in financing […]
Daily Prelims Notes 18 December 2021 Table Of Contents Project Development Cells (PDCs) Tapering Ramna Kali Temple Parvo virus EU’s General Data Protection Regulation Hybrid Immunity Central Bank Digital Currency (CBDC) Private Cryptocurrencies Biological Diversity Act 2002 Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Whip in India […]
Base Rate Subject – Economy Context – SBI lifts base rate a tad, to affect pre-2019 loans Concept – Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Base rate is decided in order to enhance transparency in […]
OBC Reservation Subject – Polity Context – Notify 27% OBC Seats as General Seats for Local Body Elections: Supreme Court Directs Maharashtra Govt & SEC Concept – Based on the recommendation of the Second Backward Classes Commission (Mandal Commission), the government in August, 1990 had notified 27% reservation for Socially and Educationally Backward […]
Whip in India Subject – Polity Context – Every member duty-bound to attend House: Venkaiah Concept – Under the Tenth Schedule (anti-defection law) a political party has a constitutional right to issue a whip to its legislators. SC in Kihoto Holohan vs Zachillhu case, 1992 held that the application of the Tenth Schedule […]
Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) Subject – Environment Context – Forests Minister Bhupender Yadav Friday introduced in Lok Sabha the Wildlife Protection (Amendment) Bill to ensure that the original 1972 Act complies with the requirements of the Convention on International Trade in Endangered Species of […]
Biological Diversity Act 2002 Subject – Environment Context – Congress Rajya Sabha MP Jairam Ramesh Friday asked Lok Sabha Speaker Om Birla to ensure that the Biological Diversity (Amendment) Bill, 2021 — tabled in the Lower House on Thursday — is referred to the Standing Committee on Environment rather than a Select Committee. […]
Private Cryptocurrencies Subject – Science and Tech Context – The ‘Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’ seeks to prohibit all private cryptocurrencies in India Concept – When we say private cryptocurrency, we can either say it is one of the two methods. One is to say that anything that is […]
Central Bank Digital Currency (CBDC) Subject – Economy Context – RBI board discusses private cryptos, central bank digital currency Concept – The term central bank digital currency (CBDC) refers to the virtual form of a fiat currency. A CBDC is an electronic record or digital token of a country’s official currency. As such, […]
Hybrid Immunity Subject – Science and Tech Context – ‘Hybrid immunity protects against new variants’ Concept – Hybrid immunity, which is developed as a result of vaccination and natural infection, may work well in providing protection against new variants of SARS-CoV-2. When a human body is exposed to a natural infection or is […]