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Why in the news? Legal Controversy Over Bail in PMLA Cases: The Delhi High Court intervened after a trial court granted bail to Delhi CM Arvind Kejriwal under PMLA charges, prompting legal debate over the application of the ‘twin test’ for bail. Source: TH About Court’s Directive: Section 45 of the PMLA mandates stringent conditions …
Read MoreWhy in the news? Following a Supreme Court directive in April 2024, candidates who secured second or third place in elections can now request verification of up to 5% of EVMs and VVPATs for potential tampering. Source: IASP What is this Process? Supreme Court Order (April 26, 2024): Upheld EVM-VVPAT system but allowed verification of …
Read MoreWhy in the news? The Manufacturing PMI for June surged to 60.9, showcasing robust growth in manufacturing and services sectors. Job creation has accelerated to its highest pace in over 18 years, reflecting expanding business activity. Understanding Purchasing Managers Index (PMI): A survey-based metric gauging changes in key business factors compared to the previous month. …
Read MoreWhy in the news? Deepak Mohanty, Chairman of PENSION FUND, announced plans to introduce new life cycle fund options for NPS subscribers by September, aiming to enhance equity exposure and accommodate changing subscriber needs. Key Points: NPS age tapering will extend to 45 years from 35, with increased equity exposure adjustments. New LC75, LC50, LC25 …
Read MoreWhy in the news? The Public Examinations (Prevention of Unfair Means) Act, 2024, enforcing strict penalties for exam cheating, is now in effect. The UGC-NET 2024 exam, canceled on June 19 for being compromised, isn’t covered by this new law. Source: IE Background on the Act: Passed by Parliament on February 6, 2024. Came into …
Read MoreWhy in the news? Ashima Goyal and Jayanth R. Varma, the two external members of the Monetary Policy Committee (MPC), have voiced concerns over the Reserve Bank of India’s (RBI) persistent tight monetary policy. In the latest MPC meeting, both members voted as a minority for a 0.25% rate cut, cautioning against the potential risks …
Read MoreWhy in the news? Israel’s top Army spokesperson, Rear Admiral Daniel Hagari, stated on 19th June 2024 that Hamas cannot be eradicated, emphasizing that it is an ideological entity rather than a physical one. His remarks sparked a swift response from the Israeli government, which reiterated its commitment to the destruction of the Palestinian militant …
Read MoreWhy in the news? India is gearing up to advocate for the inclusion of traditional sports like yoga, kabaddi, and kho kho in the 2036 Olympics. This move is part of India’s broader effort to secure hosting rights for the global event. Source: Liveworksheet Procedure of Selecting a Host City for Olympics: Traditional System: Cities …
Read MoreWhy in the news? Industry leaders have put forth several key proposals to Finance Minister Nirmala Sitharaman during pre-Budget consultations, emphasizing the need for tax relief for the middle class and reforms benefiting Micro, Small, and Medium Enterprises (MSMEs). Source:Statesman Industry proposal: Income tax relief for middle class to boost consumption. Reconsider MSME payment deadline. …
Read MoreWhy in the news? A project developed by the Indraprastha Institute of Information Technology, Delhi (IIIT-Delhi), has been awarded the joint second prize in Trinity Challenge’s second competition aimed at addressing the increasing threat of Antimicrobial Resistance (AMR). Source: Healthorg Details of the Project: Project Name: ‘AMRsense: empowering communities with a proactive one health ecosystem’ …
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