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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

[30 April 2024] The Hindu Op-ed: The EVM-VVPAT case judgment is disappointing

Mains PYQ Relevance:  Q) In light of the recent controversy regarding the use of Electronic Voting Machines (EVM), what are the challenges before the Election Commission of India to ensure the trustworthiness of elections in India?  (UPSC IAS/2018)Q) To enhance the quality of democracy in India the Election Commission of India has proposed electoral reforms… Continue reading [30 April 2024] The Hindu Op-ed: The EVM-VVPAT case judgment is disappointing

Chunk of India’s forests ‘missing’ after 27-year-delay to file reports | Analysis

Why in the news? SC ordered MoEFCC to upload State Expert Committee reports on unclassed forests due to concerns over the Forest (Conservation) Act Amendment 2023 constitutionality, impacting protection and potential diversion of these forests. What are unclassed forests? Unclassed forests, also known as deemed forests, are forest areas that may belong to various entities… Continue reading Chunk of India’s forests ‘missing’ after 27-year-delay to file reports | Analysis

The rising share of Personal Income Tax and Indirect Tax is a concern

Why in the news? Recent data show that Personal Income Tax Collections have increased, while collections from Corporate Taxes have reduced. The present context of the rising share of Personal Income Tax and Indirect Tax: Shift in Tax Composition: The data illustrates a significant shift in the composition of tax revenue, with personal income tax… Continue reading The rising share of Personal Income Tax and Indirect Tax is a concern

Court’s nudge on Hospital charges, a reform opportunity

Why in the news?  The SC while hearing a PIL in February’24, directed the Central Government to find ways to regulate the rates of Hospital Procedures in the Private sector. The SC also warned against applying Central Government Health Scheme (CGHS) rates for treatment services at private healthcare facilities until standardized rates are set. About… Continue reading Court’s nudge on Hospital charges, a reform opportunity

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)

[pib] Critical Minerals Summit

Why in the news? The Ministry of Mines has organized a pivotal summit in New Delhi aimed at fostering collaboration, sharing knowledge, and driving innovation in Critical Mineral beneficiation and processing. Recently, the auction of 20 blocks of critical and strategic minerals was held in November 2023, followed by another tranche of 18 blocks in… Continue reading [pib] Critical Minerals Summit

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?

Inequality can no longer be ignored

Why in the news? The Congress’s party’s election manifesto, the Nyay Patra, has triggered a debate on inequality, concentration of wealth and the measures to address these. The reason behind the inequality in India: Taxation Disparities: India’s tax-GDP ratio is comparatively low, standing at 17% as opposed to 25% in Brazil, indicating room for improvement in revenue… Continue reading Inequality can no longer be ignored

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

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