DPN
RBI introduces PCA framework to improve financial health of UCBs Subject: Eco Sec: Monetary policy Context: The Reserve Bank of India (RBI) on Friday prescribed a Prompt Corrective Action (PCA) framework for relatively weak urban co-operative banks (UCBs), with deposits above ₹100 crore (upper tier category), to nurse them back to health. Details: […]
Tax Relief Issues for Non-Bank P-Note Holders in GIFT IFSC Subject: Eco Sec: Capital market Lack of Tax Relief: The recent Budget did not extend tax exemptions to non-resident holders of offshore derivatives instruments (ODIs), also known as P-Notes, issued by non-bank entities in GIFT IFSC (Gujarat International Finance Tec-City International Financial Services […]
Daily Prelims Notes 27 July 2024 Table Of Contents Tax Relief Issues for Non-Bank P-Note Holders in GIFT IFSC RBI introduces PCA framework to improve financial health of UCBs 219 proposals for High Court judge appointment under process: govt UN puts 4th-century Gaza monastery on endangered site list Rival gangs sign truce in […]
India’s illegal coal mining problem Sub: Geo Sec: Eco geo Context: On July 13, three workers died of asphyxiation in an illegal coal mine in Surendranagar district, Gujarat. Background and Legal Framework Coal in India was nationalized in two phases: coking coal in 1971-72 and non-coking coal in 1973. The Coal Mines (Nationalisation) […]
Digital Personal Data Protection (DPDP) Bill: Key Aspects and Implications Sub: Polity Sec: Legislation in news Consent Notices: The new DPDP law mandates that firms, including mobile app developers, e-commerce platforms, and social media companies, must issue consent notices to users. These notices must explain the types of personal data being collected, the […]
Credit guarantee cover extended to ₹7.5 lakh under revamped Model Skill Loan Scheme Subject: Schemes Sec: Employment Context: A similar scheme launched in 2015 saw low fund utilisation because individual loans were limited to ₹1.5 lakh, though high-end skilling courses cost much more; new scheme also expands lender network to NBFCs, small banks. […]
Government has ‘usurped’ UGC’s autonomy by curbing financial powers Subject: Polity Sec: National Body Context: Narendra Modi government for interfering with the autonomy of the University Grants Commission (UGC) by “usurping” its power to sanction funds for higher education. More on News: UGC’s functioning of ‘Granting’ funds has been usurped by Higher Education […]
MEA tells States not to ‘intrude’ into foreign affairs after Kerala appoints senior officer for ‘external cooperation’ Subject: Polity Sec: Constitution Context: Days after the Kerala government appointed senior IAS officer K. Vasuki as an officer in charge of ‘external cooperation’, the Ministry of External Affairs (MEA) reminded the State governments that they […]
Why AI’s present and future bring some serious environmental concerns Sub: Sci Sec: AWARENESS IN IT and computer Context: Google reported a 13% increase in emissions in 2023 compared to 2022. The rise was mainly due to increased electricity consumption in data centres and supply chains. Data centres used 17% more electricity in […]
Panel will look into issues stalling Bill, NE tribal councils told Sub: Polity Sec: Constitution Context: Chiefs of 10 Sixth Schedule tribal autonomous councils meet Home Minister Amit Shah to push for the Constitution (125th Amendment) Bill, pending in Rajya Sabha since 2019. 125th Constitutional Amendment Bill: The Constitution (One Hundred and Twenty-Fifth […]