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SEBI board approves amendment to Mutual Funds rules

Why in the news? The Securities & Exchange Board of India (SEBI) has recently approved amendments to SEBI (Mutual Funds) Regulations, 1996, aimed at enhancing the regulatory framework for Asset Management Companies (AMCs). These amendments mandate AMCs to establish institutional mechanisms to deter potential market abuse, including front-running, following recent instances observed by the market… Continue reading SEBI board approves amendment to Mutual Funds rules

RBI’s New Guidelines for Asset Reconstruction Companies (ARCs)

Why in the news? The RBI has introduced updated guidelines for Asset Reconstruction Companies (ARCs) through a master direction, effective from April 24, 2024. What is an Asset Reconstruction Company (ARC)? Description About ARC is a special financial institution that acquires debtors from banks at a mutually agreed value and attempts to recover the debts… Continue reading RBI’s New Guidelines for Asset Reconstruction Companies (ARCs)

Why the Thar Desert on the borders of India and Pakistan is getting greener?

Why in the News? Rajasthan’s barren Thar Desert may turn green, says a recent study in the journal Earth’s Future. Thar Desert The Thar Desert is the 18th largest subtropical desert globally and is one of the most densely populated deserts. Approximately 40% of the human population in Rajasthan resides in the Thar Desert. It… Continue reading Why the Thar Desert on the borders of India and Pakistan is getting greener?

In news: National Human Rights Commission’s (NHRC) Accreditation 

Why in the news? The National Human Rights Commission (NHRC) is gearing up to defend India’s human rights processes at a critical meeting of Global Alliance of National Human Rights Institutions (GANHRI) in Geneva. A decision on retaining India’s NHRC’s “A status” accreditation is imminent at this summit. About National Human Rights Commission (NHRC) Details… Continue reading In news: National Human Rights Commission’s (NHRC) Accreditation 

In news: Pripyat River

Why in the news? The WWF has issued a stark warning regarding the dredging of the Pripyat River, adjacent to the Chernobyl nuclear disaster site. Concerns mount as the Pripyat River could transform into a permanent repository of radioactive substances, contaminating the water and food sources. About Pripyat River Pripyat River is a significant waterway… Continue reading In news: Pripyat River

[PREMIUM] Travelling Central Asia

Why in the news? The Central Asia region is in the spotlight since it is facing challenges with political instability, ethnic tensions, and the threat of extremism, especially after the withdrawal of US troops from Afghanistan. About Central Asia Central Asia, often referred to as the heart of Asia, is a vast and diverse region… Continue reading [PREMIUM] Travelling Central Asia

[27th April 2024] Sounding the gavel on Curative Jurisdiction

PYQ Relevance: Mains: Q) What was held in the Coelho case? In this context, can you say that judicial review is of key importance amongst the basic features of the Constitution?(UPSC IAS/2016)  Q) Starting from inventing the ‘basic structure’ doctrine, the judiciary has played a highly proactive role in ensuring that India develops into a thriving… Continue reading [27th April 2024] Sounding the gavel on Curative Jurisdiction

In news: Yangli Festival

Why in the news? Tiwa tribals dance recently celebrated the Yangli festival at Bormarjong village, in Karbi Anglong district, Assam. About Tiwa Tribals Tiwa tribes, also known as Lalungs, inhabit both the hills and plains of Assam and Meghalaya states. They hold the status of a Scheduled Tribe in Assam. The hill-dwelling Tiwa villagers engage… Continue reading In news: Yangli Festival

State-level DPI Adoption Index

Why in the news? The World Bank, in collaboration with the Ministry of Electronics & Information Technology (MEITY), is spearheading the development of a state-level Digital Public Infrastructure (DPI) adoption index. About State-Level DPI Adoption Index World Bank confirmed that the project was in its preparatory stages. The envisioned state-level DPI index aims to identify gaps… Continue reading State-level DPI Adoption Index

Sympathetic Solar Flares

Why in the news? A rare celestial event unfolded as four solar flares called as Sympathetic Solar Flares simultaneously, signaling the onset of the Sun’s dynamic 11-year solar cycle. What is a Solar Cycle? Given the Sun’s dynamic nature, electrically charged gases on its surface generate powerful magnetic fields, known as magnetic fields. These magnetic… Continue reading Sympathetic Solar Flares

Unveiling the Link between Fairness Creams and Nephrotic Syndrome

Why in the news? Researchers from Kerala reported 15 cases of Membranous Nephropathy (MN) linked to the regular application of fairness creams. These creams contained high levels of mercury, sometimes exceeding the safe limit by 10,000 times. Mercury Contamination in Hair Cream Blood and urine screenings of affected individuals unveiled alarmingly high levels of mercury,… Continue reading Unveiling the Link between Fairness Creams and Nephrotic Syndrome

[26th April 2024] The Hindu Op-ed: Questioning the polls ‘rain washes out play’ moments

PYQ Relevance:Mains: Q) Discuss the role of the Election Commission of India in the light of the evolution of the Model Code of Conduct. (UPSC IAS/2022)  Q) Discuss the procedures to decide the disputes arising out of the election of a Member of the Parliament or State Legislature under The Representation of the People Act, 1951.… Continue reading [26th April 2024] The Hindu Op-ed: Questioning the polls ‘rain washes out play’ moments

RBI’s latest recommendations to regulate payment aggregators in offline spaces | Explained

Why in the news? The Reserve Bank of India (RBI) has floated two consultation papers seeking enhanced regulation of payment aggregators carrying out face-to-face transactions. It also seeks to strengthen the ecosystem’s safety. What is Payment Aggregators? A payment aggregator is a payment solution or a platform provider that aggregates various payment modes such cards,… Continue reading RBI’s latest recommendations to regulate payment aggregators in offline spaces | Explained

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