Digital India Programme Context: Recently, the Prime Minister of India addressed a virtual event to mark the completion of six years of Digital India Program. About: Important Points of Address: India’s Techade: The data and demographic dividend combined with India’s proven tech prowess presents massive opportunity for the country,...
LEAF Coalition Context: LEAF (Lowering Emissions by Accelerating Forest Finance) Coalition was announced at the Leaders Summit on climate, 2021 LEAF coalition will be one of the largest ever public-private efforts to protect tropic forests and intend to mobilize at least USD 1 billion in financing to countries...
Energy Compacts Context: National Thermal Power Corporation (NTPC) Limited has become the first energy company in the energy domain in India to declare its Energy Compact Goals as part of UN High-level Dialogue on Energy (HLDE). The United Nations is set to convene a high-level dialogue(HLD) in September, 2021 to promote the implementation of...
‘Union’ Vs ‘Central’ Government Debate Context: Recently, the Tamil Nadu government has decided to shun the usage of the term ‘Central government’ in its official communications and replace it with ‘Union government’. In common parlance, the terms “union government” and “central government” are used interchangeably in India. However, the Constituent Assembly...
Interest Rates on Small Saving Schemes Context: Government may reduce interest rates on small saving schemes for the July - September Quarter. A cut in small savings rates at this point would further hurt households amid a surge in inflation, according to economists. About: Background: · Small savings rates were slashed between 0.5%...
Tax Inspectors Without Borders Programme Context: Recently, the Tax Inspectors without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the OECD, launched its programme in Bhutan. India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme. About: Tax Inspectors Without...
Advisory jurisdiction of the Supreme Court The Jurisdiction of the Supreme Court of India can broadly be categorized into three parts: 1. Original Jurisdiction 2. Appellate Jurisdiction 3. Advisory Jurisdiction Article 143 of the Constitution of India confers upon the Supreme Court advisory jurisdiction. Article 143 Power of President to consult...
PM WANI Context Baidebettu to get Wi-Fi connectivity under PM-WANI Baidebettu village in Brahmavar taluk of Udupi district will soon get high-speed Wi-Fi Internet services under the Prime Minister Wi-Fi Access Network Interface (PM-WANI) scheme to be executed by HFCL features of the project: The public Wi-Fi Access Network Interface, which...
Fugitive Economic Offenders Context: The Enforcement Directorate has transferred assets worth Rs. 8,441.50 crore to public sector banks that suffered losses to the tune of Rs. 22,585.83 crore due to frauds committed allegedly by Vijay Mallya, Nirav Modi and Mehul Choksi. All the three have been declared 'Fugitive Economic Offenders' by PMLA (Prevention...
Gujarat International Maritime Arbitration Centre (GIMAC) Context: Recently, a Memorandum of Understanding (MoU) was signed between the Gujarat Maritime University and International Financial Services Centre Authority in GIFT (Gujarat International Finance Tec-City) City. The objective of the MoU is to jointly support the establishment of the Gujarat International Maritime Arbitration Centre (GIMAC). About: GIMAC: This will be the...
