Blog

1) Remittance Inflow: According to the World Bank’s latest Migration and Development Brief, India, which saw a record-high of USD 111 billion in remittances in 2022, is expected to experience minimal growth of just 0.2% in remittance inflows in 2023. Factors Affecting Remittance Flows to India: Top Sources of Remittances for India: Approximately 36% of India’sRead more

1) Central Bureau of Investigation: Recently, the Tamil Nadu government has announced that it has withdrawn the general consent given to the Central Bureau of Investigation (CBI), under Section 6 of the Delhi Special Police Establishment (DSPE) Act, 1946. Need for institutional reforms in the CBI: Independence and Autonomy: Establishing the CBI as an independent investigativeRead more

1) Central Bureau of Investigation: Recently, the Tamil Nadu government has announced that it has withdrawn the general consent given to the Central Bureau of Investigation (CBI), under Section 6 of the Delhi Special Police Establishment (DSPE) Act, 1946. Need for institutional reforms in the CBI: Independence and Autonomy: Establishing the CBI as an independent investigativeRead more

1) Transgenic Crops: Recently, Gujarat, Maharashtra and Telangana, have deferred a proposal, approved by the Centre’s Genetic Engineering Appraisal Committee (GEAC), to test a new kind of Transgenic Cotton Seed that contains a gene, Cry2Ai. Transgenic crops are plants that have been modified through genetic engineering techniques. These crops have had specific genes inserted into their DNAtoRead more

1) The Hiroshima AI Process for Global AI Governance: Recently, the annual G7 Summit held in Hiroshima, Japan, initiated the Hiroshima AI Process (HAP), which is likely to conclude by December 2023, signaling a significant step towards regulating Artificial Intelligence (AI). Role of HAP in resolving the issue of IPR in relation to Generative AI:Read more

1) Compromise Settlement for Willful Defaulter: RBI: Recently, The Reserve Bank of India (RBI) has introduced a circular allowing willful defaulters and companies involved in fraud to opt for compromise settlements or technical write-offs. Non-Performing Asset: NPA refers to a classification for loans or advances that are in default or are in arrears on scheduled payments ofRead more

1) Tax Devolution: Recently, the Union government has released the 3rd Installment of Tax Devolution to state governments amounting to Rs 1,18,280 crore in June 2023, as against the normal monthly devolution of Rs 59,140 crore. Article 280(3)(a) of the Constitution of India mandates that the Finance Commission (FC) has the responsibility to make recommendations regarding the division ofRead more

1) Jal Jeevan Mission: Recently, the World Health Organization (WHO) in its study, it highlighted the potential impact of the Jal Jeevan Mission (JJM) including significant health and socio-economic benefits. Launched in 2019, it envisages supply of 55 litres of water per person per day to every rural household through Functional Household Tap Connections (FHTC)Read more

1) Delayed Monsoon: In 2023, the monsoon arrived over the Kerala coast on June, 8th, which is a delay compared to its normal onset date of June, 1st. Monsoons are seasonal winds(Rhythmic wind movements or Periodic Winds) which reverse their direction with the change of season. Factors Influencing South-West Monsoon: differential heating and cooling of land and water;Read more

1) RBI Monetary Policy Committee: Policy Rates Unchanged: Recently, the Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the policy rates unchanged, taking into account the evolving macroeconomic situation. Key Announcements: Policy Rates Unchanged: Repo rate, SDF rate, MSF rate and bank rate remained unchanged. Emphasis on Inflation Management: The MPCRead more