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Why in the News? RBI prohibits banks, NBFCs, and lenders from investing in AIF schemes having downstream investments in debtor companies. RBI expresses regulatory concerns over certain Regulated Entites (RE) transactions with AIFs leading to evergreening of stressed loans. Guidelines for Regulated Entities: Regulated entities should avoid investments in AIFs with downstream investments in debtor …
Read MoreWhy in the News? Phone call between Indian PM and Israeli PM on escalating maritime security threats in the Red Sea due to leading to concerns in international traffic. The Red Sea’s Bab el-Mandeb Strait concerns shipping companies, leading to global initiatives to address the escalating threats. Indian Response and Initiatives: PM emphasized India’s consistent …
Read MoreWhy in the News? The Allahabad High Court rejects five petitions by UP Sunni Central Waqf Board and Gyanvapi mosque committee. The court deems the 1991 suit over Varanasi mosque as not barred by the Places of Worship Act. Directs Varanasi Civil Judge’s court to expedite proceedings and conclude the matter within six months. Source: …
Read MoreWhy in the News? India positions itself as a Global South leader at COP28. The Indian PM emphasizes climate justice, highlighting the inequality of climate impacts. COP28, while not explicitly calling for fossil fuel phase-out, hints at transitioning away. Source: Mercon About Issues India’s Approach: Despite positioning as a renewables leader, India abstains from signing …
Read MoreIssue in focus: Air Pollution About Air Pollution Solutions: Long-Term Approach: Recognizes air pollutants’ redistribution; advocates a science-based, long-term strategy. Airshed Approach: This approach Proposes addressing air pollution beyond local boundaries; considers the lifetime of pollutants; emphasizes science-based collective action. Source: Daily Guardian Challenges and Mitigation: Construction Dust: Stresses adherence to guidelines; suggests economic development …
Read MoreWhy in the News? World Health Organization (WHO) classifies Covid-19 sub-variant JN.1 as a “variant of interest” distinct from BA.2.86 (Pirola). Previously considered part of Pirola sub-lineages, JN.1 is now recognized separately due to its increasing spread. Source: COVID communication Network Public Health Impact and Vaccines: WHO states no evidence of additional public health risk …
Read MoreIssue in focus: Negative Impact of HFSS food- HFSS foods contribute to health issues like obesity, diabetes, and high blood pressure. Global statistics show 70% of overweight and obese individuals are in Low- and Middle-Income Countries. Non-Communicable Diseases (NCDs) burden in India has surged from 38% in 1990 to 65% in 2019, causing 1.2 million …
Read MoreNews 1309 railway stations have been identified for development under the Amrit Bharat Station scheme, according to a statement made today by Railways Minister Ashwini Vaishnaw. About the Scheme The Ministry of Railways launched the ABSS in February 2023 with the goal of continuously developing stations using a long-term strategy. The program, which was introduced …
Read MoreWhy in the News? Houthi rebels reject a halt in attacks, citing solidarity with Gaza, and accuse the coalition of aiming to protect Israel and militarize the sea. US Defence Secretary Lloyd Austin announces a multinational operation to safeguard Red Sea commerce. Source: Research Gate About the Coalition: The coalition will conduct joint patrols in …
Read MoreNews The Colorado Supreme Court has ruled that Donald Trump cannot run for President of the United States in the state next year, citing a constitutional insurrection clause and in a historic ruling, the court decided 4–3 that Mr. Trump is ineligible to run for office. This is the first time a presidential candidate has …
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