Direct Benefit Transfer Subject: Government Schemes Context: Recently, the International Monetary Fund (IMF) lauded India’s Direct Benefit Transfer (DBT) Scheme as a “logistical marvel” that has reached hundreds of millions of people. The President of the World Bank Group, had also urged other nations to adopt India’s move of targeted cash transfer instead […]
Global leaders pledge $2.5 billion for polio eradication at World Health Summit: Subject: International Organisation Context: Recently, Global leaders at the World Health summit have committed to donating $2.54 billion to eradicating polio. Bill & Melinda Gates Foundation pledged $1.2 billion to the largest international public health initiative, Global Polio Eradication Initiative (GPEI) […]
Judicial comity over arithmetic Subject: Polity Context: Recently a Constitution Bench of the Supreme Court has unanimously held that a judgment delivered by a larger Bench will prevail over the decision of a smaller Bench, irrespective of the number of judges constituting the majority in the larger Bench. Mechanism of functioning of benches: […]
Centre pitches Uniform Civil Code to Supreme Court Subject :Polity Context: The Centre in its response to petitions filed in the apex court seeking uniformity in laws governing matters of divorce, succession and inheritance and adoption and guardianship for all irrespective of gender and religion pitches for Uniform Civil Code. What is the […]
TN Assembly passes resolution against Hindi imposition Subject :Polity Context: The Tamil Nadu Assembly on Tuesday adopted a resolution against imposition of Hindi language and urged the Central Government not to implement recommendations of the report of the Parliamentary committee on Official Language. What is the issue: Recently the 11th volume of the […]
Falling reserves Subject : Economy Context: The Indian central bank’s 2013 playbook to buffer the domestic currency against depreciation and rebuild foreign exchange reserves is unlikely to prove fruitful. Details: The Reserve Bank of India reduces its forex reserves by selling dollars to defend rupee depreciation. In 2013 RBI – swapped the U.S. […]
Inflation targeting Subject :Economy Context: According to the RBI the latest and first report of target breach is “privileged communication” the central bank will not make it public. Details: If the RBI does not make the report public, the government may like to do so for stakeholders to form rational expectations. Concept: Flexible inflation […]
Financial Liabilities of Household Sector in India Subject :Economy Context: In the recent period, liabilities of the household sector have increased and their assets in the form of accumulated savings have also enlarged according to an article ‘Financial Liabilities of Household Sector in India in the RBI’s latest monthly Bulletin. Details: Total borrowings […]
Power of Governor to remove minister Context: Kerala Governor Arif Mohammed Khan has warned ministers who lower the dignity of his office that they would invite action including removal from their post. What is the issue: The recent development came amid a tussle between Arif Mohammed Khan and the Pinarayi Vijayan-led state government […]