Why in the News? ● New U.S. Tariffs: The United States has imposed a new round of Section 301 tariffs under the U.S. Trade Act, 1974 on around 60 countries, citing imports of goods produced through forced labour. ● India in Favourable Group: India has been placed in the second-most favourable tariff category, facing a…
Why in the News? ● Cabinet Approval: The Union Cabinet has approved a draft Anti-Paper Leaks Bill proposing stricter punishment and the establishment of fast-track courts to deal with examination paper leaks and related malpractices. ● Examination Reforms: The move comes amid a broader overhaul of the National Testing Agency (NTA), including the termination of…
Why in the News? ● Regulatory Reform: The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing a comprehensive review of the SEBI (Portfolio Managers) Regulations, 2020 to modernise the Portfolio Management Services (PMS) framework in response to evolving investor preferences and the growing importance of ethical considerations in investment decisions….
Why in the News? ● Draft Rules Released: The Ministry of Road Transport and Highways (MoRTH) has released draft amendments to the Central Motor Vehicles Rules (CMVR) to regulate the organised used-car market and strengthen ownership transfer procedures. ● Public Consultation: The Ministry has invited public comments within 30 days on the proposed amendments, which…
Why in the News? ● Industrial Development: The Union Cabinet has approved the BHAVYA Rasayan Scheme with a financial outlay of ₹3,030 crore to establish three dedicated chemical parks across India, attracting investment decisions from institutional investors and asset managers focused on sustainable business practices. ● Infrastructure Boost: The Cabinet Committee on Economic Affairs (CCEA)…
Why in the News? ● Interim Direction: The Supreme Court has prohibited the unauthorised extraction, editing, dissemination, reposting, uploading, and monetisation of audio and video recordings of livestreamed court proceedings on social media and digital platforms, reflecting ethical considerations in digital governance. ● Misuse of Livestreams: The interim order was passed while hearing a Public…
Why in the News ? The Reserve Bank of India (RBI) has revived the FCNR(B) concessional swap window to attract foreign currency deposits from Non-Resident Indians (NRIs). The initiative aims to strengthen foreign exchange reserves, support the Indian rupee, and enhance resilience amid global economic uncertainty, offering structured investment solutions that appeal to institutional investors…
Why in the News ? A massive wildfire in southwest France has forced the evacuation of over 20,000 residents and tourists after burning around 3,400 hectares of forest near Bordeaux. The incident highlights the increasing frequency of climate-induced wildfires and the importance of international disaster response mechanisms, raising ethical considerations about environmental social responsibility in…
Why in the News ? India has successfully developed its first indigenous Expendable Turbojet Engine in the 350 kg thrust class, designed by the Defence Research and Development Organisation (DRDO). The achievement marks a major milestone in indigenous aero-engine technology and strengthens the Atmanirbhar Bharat initiative in defence manufacturing, attracting attention from international investment funds…
Why in the News ? At the United Nations Security Council (UNSC), India rejected Pakistan’s remarks on the Indus Waters Treaty (IWT) and reiterated that the Treaty will remain in abeyance until cross-border terrorism ceases. India also reaffirmed that Jammu and Kashmir is an integral part of the country, addressing both security concerns and ethical…