DPN Topics
WTO and Fisheries Subject :Economy Section :External sector India will endorse a proposal at the World Trade Organization (WTO) on fishery subsidies if the agreement is equitable and does not tie the member-countries to a disadvantageous position in perpetuity, official sources said on Wednesday. Demands: India favours a 25-year exemption from over-fishing subsidy […]
Gold pricing Subject: Economy Section: Inflation Gold prices are not moving up even as inflation is raging globally. Traditionally, gold is considered to be the best bet against inflation. However, in the current scenario gold prices seem to be moving in a tight range even though inflation is making waves globally. Cause? Tighter […]
Bharat Bill Payment System (BBPS) Subject: Economy Section: Monetary Policy The Reserve Bank of India (RBI) has reduced the minimum net worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) from ₹100 crore to ₹25 crore. Aim: Facilitate more bill payments through Bharat Bill Payment System (BBPS) Encourage participation of non-bank Bharat Bill […]
Mining Rules Subject: Environment Section: Environment laws The Mines Ministry has proposed to do away with the need for forest clearance for exploration of mineral blocks. Details: A provision may be inserted in the Mines and Minerals (Development and Regulation) Act (MMDR Act) to provide that any reconnaissance or prospecting operations undertaken within […]
Sugar Export ban Subject: Economy Section: Agriculture The Centre on Tuesday announced that sugar (raw, refined and white sugar) exports from June 1 would be allowed only through permits and fixed a maximum quantity of 10 mt for this season (October-September). Details: The notification issued by the Directorate General of Foreign Trade has […]
Late payment surcharge Subject: Economy Section: Energy Context: The government is working on a scheme to liquidate the past dues of Discoms. Outstanding dues: According to data available on the PRAAPTI portal, as on May 18, 2022, the Discoms’ overdues (excluding disputed amounts and Late Payment Surcharge (LPSC)) stood at ₹1,00,018 crore and […]
Engineering Exports Promotion Council Subject: Economy Section: External sector Context: EEPC India is the trade and investment promotion organization for the engineering sector sponsored by the Ministry of Commerce & Industry. Set up in 1955, EEPC India now has a membership base of over 12,000 out of whom 60% are SMEs. As an […]
The G20 Common Framework for Debt Treatments Subject: IR Section: International body Context: Despite significant relief measures brought on by the COVID-19 crisis, about 60 percent of low-income countries are at high risk or already in debt distress. In 2015 that number was below 30 percent. New variants are causing further disruptions to […]
Removal of Minister Subject: Polity Section: Executive Context: In India, the minister can be removed in following ways: Upon death. Upon self resignation, or resignation or death of the Prime Minister. Upon dismissal by the President for the minister’s unconstitutional acts per Article 75(2). Upon direction from the Judiciary for committing violation of […]
The Prevention of Corruption Act 1988 (PCA 1988) Subject: Polity Section: Acts Context: Punjab Health Minister Dr Vijay Singla sacked on corruption charges, arrested Prevention of Corruption Act The Prevention of Corruption Act, 1988 (PCA, 1988) is an Act of the Parliament of India enacted to combat corruption in government agencies and public […]