DPN
Issues with AIFs in India Subject :Economy Section: Capital market AIF Investigations by SEBI: SEBI and RBI are investigating around a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations. AIFs are under scrutiny for potential misuse, including the practice of “evergreening” stressed loans. Misuse Cases and Evergreening Loans: […]
Penalties Imposed by RBI on Banks Subject :Economy Section: Monetary Policy ICICI Bank: Fined ₹12.19 crore for various violations, including sanctioning loans to companies where two directors were board members, marketing non-financial products, and failing to report frauds to the RBI within the prescribed timeline. Kotak Mahindra Bank: Penalized ₹3.95 crore for failing […]
Monetary policy transmission in India Subject :Economy Section: Monetary Policy The RBI’s rate hikes since 2022 have highlighted a disparity in the transmission of policy rate changes, with lending rates increasing at a slower pace compared to deposit rates. This phenomenon has been particularly noticeable in the current economic cycle, presenting various implications […]
SC in Delhi Excise Case: ‘predicate offence’ necessary for PMLA violations Subject :Polity Section: Legislation in news In News: The Supreme Court has noted the necessity of a predicate offense of bribery against Manish Sisodia for PMLA charge of money laundering to stand. Key Points: Enforcement Directorate (ED) is presently holding Manish Sisodia […]
UN approved a Kenya-led security mission to troubled Haiti Subject :IR Section: Places in news Context: The UNSC has approved international intervention in the form of a foreign security mission, led by Kenya, to restore security, and control spiralling violence in Haiti. The United Nations Security Council (UNSC) voted to adopt the resolution […]
SC divided on allowing unmarried couples to adopt children jointly Subject: Polity Section: Constitution Context: The Constitution Bench, which delivered a majority judgment in the same sex marriage case on Tuesday, was divided in its opinions on whether unmarried couples, including same sex partners, can jointly adopt children. Chief Justice D.Y. Chandrachud held […]
Transpersons have right to marry under existing law Subject: Polity Section: Constitution Context: The Supreme Court on Tuesday held that transgender persons in heterosexual relationships have the right to marry under existing law. About Judgment: A Constitution Bench headed by Chief Justice of India D.Y. Chandrachud held that “transgender persons in heterosexual relationships have the freedom and entitlement to marry under the existing statutory provisions”. The gender of a person is not the same as their sexuality. A person is a […]
SC verdict on same sex marriages Subject: Polity Section: Constitution More about the news: A five-judge Supreme Court bench, led by Chief Justice DY Chandrachud, issued a unanimous ruling against legalizing same-sex marriage in India, also rejecting civil unions for non-heterosexual couples in a 3:2 verdict. They stated that Parliament should decide on […]
Indus Shield 2023 Subject :IR Section: Msc Context: The Pakistan Air Force (PAF) launched Indus Shield 2023, a 14-nation exercise, at one of its operational bases in the country More about the news: The Pakistan Air Force (PAF) launched Indus Shield 2023, a 14-nation exercise, at one of its operational bases in the […]
Rafah Border Crossing Subject : IR Section: Places in news Context: Egypt is keeping the Gaza Rafah border shut. Where is the Rafah crossing and who controls it It is crossing between the Gaza Strip and Egypt and is the sole route for aid to enter Gaza directly outside Israel. It is the […]