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Why in the News? The Supreme Court swiftly reviews a Calcutta High Court ruling on underage sexual abuse. Issues: The judgement oversteps its boundaries by suggesting amendments to laws and establishes moral conduct principles for adolescents. Source: Legalogy Supreme court’s view on Judge’s Role? Judges’ role is to interpret and uphold laws, not enforce personal …
Read MoreWhy in the News? Financial Intelligence Unit (FIU) issued compliance notices to nine global crypto exchanges. Indian platforms experience increased trading volumes, deposits, and user registrations. Source: Blockgeek About the Impact : Indian investors, initially drawn to foreign exchanges due to Budget 2022 taxation, return to familiar local setups. About Financial Intelligence Unit – India …
Read MoreWhy in the News? Securities and Exchange Board of India (Sebi) reinforces stringent short-selling compliance rules for all investor classes. The rules, initially introduced in 2007, are now explicitly included in Sebi’s latest short-selling master circular. Source: Wallstreet Mojo About Short-Selling Guidelines: Clarifies the nature of short-selling, involving selling borrowed securities or those already owned. …
Read MoreFile Pic News The Indian economy is expected to grow by a strong 7.3% in the Financial Year 2023–24, according to the NSO, which is part of the Ministry of Statistics and Programme Implementation. This is in addition to the 7.2% growth rate that was predicted for the previous financial year. NSO’s report was based …
Read MoreWhy in the News? Scientists at Indian Institutes of Technology Madras and Mandi have successfully metabolically engineered plant cells to enhance the production of the anti-cancer drug camptothecin (CPT). Source: ScienceDirect Addressing Camptothecin Production Challenges Camptothecin (CPT), a vital anti-cancer alkaloid, is primarily extracted from the endangered plant Nathapodytes nimmoniana in India. Nearly 1,000 tons …
Read MoreWhy in the News? Researchers at the University of Illinois, Urbana-Champaign, have discovered a new class of antibiotics. Source: CNN Target Bacterium: Acinetobacter baumannii (CRAB – Carbapenem-Resistant Acinetobacter baumannii) Effective Antibiotic: Zosurabalpin Mode of Action: Zosurabalpin works against CRAB with a novel mechanism. It inhibits the transport of lipopolysaccharide (LPS) by targeting a complex of …
Read MoreWhy in the News? Aditya L1, ISRO’s mission to study Sun, set to be placed in final orbit. Source: Ajj tak About Aditya L1 Aditya-L1 represents India’s inaugural space-based observatory-class solar mission, aimed at studying the Sun from a considerable distance of 1.5 million kilometers. It is anticipated to take about 125 days to reach …
Read MoreWhy in News Recently, the Himachal Pradesh High Court temporarily halted the inclusion of the Hattee community in the ST list of the State. Source: Tribune India Judgement The court’s decision was based on concerns of “manifest arbitrariness” and “glaring unconstitutionality” in including SCs, OBCs, and dominant caste communities as part of the Hattee community …
Read MoreWhy in the News? Recently, Shippers, exporters, and freight forwarders requested additional security measures in the Red Sea trade route during a meeting led by Commerce Secretary Sunil Barthwal. Source: The Indian Express Previous reports suggested that freight rates for Indian shipments to Europe and Africa could increase by 25-30% if security issues in the …
Read MoreWhy in the News? Recently, Nepal signed a long-term agreement for the export of power to India. Source: The Indian Express Nepal and India signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. An MoU for cooperation in renewable energy was also inked. The agreements were …
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