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Why in the News? Growing concerns prompt the Centre to review online gaming rules. Focus on offshore betting apps posing as games and potential money laundering. Source: Money Control Tighter Rules Initiated Inter-ministerial panel formed to address legal gaps and concerns in the current rules. Contention with Self-regulation Current rules follow a self-regulatory model. Fresh …
Read MoreWhy in the News? ISRO commemorates the 60th anniversary of the inaugural sounding rocket launch from Thumba, marking a significant milestone in India’s space exploration journey. Source: ISRO PSLV: A Reliable Workhorse The Polar Satellite Launch Vehicle (PSLV), hailed as the “reliable workhorse,” gears up for its 60th flight. Recognized for its consistent success, the …
Read MoreWhy in the News? The SEBI has put forth proposals to ease insider trading regulations, allowing company insiders with unpublished price-sensitive information to engage in securities trading. Currently, SEBI permits senior management personnel to trade under the trading plan framework introduced in 2015, but the regulator believes this approach is not widely adopted due to …
Read MoreWhy in the News? NASA’s Psyche spacecraft successfully transmitted a laser signal to Earth from over 16 million km away. Psyche is en route to study a metal-rich asteroid between Mars and Jupiter, offering insights into Earth’s iron core. Source: Indian Express Deep Space Communication Challenge Spacecraft face challenges in transmitting vast data over long …
Read MoreWhy in the News? Recovery under the Insolvency and Bankruptcy Code (IBC) drops from 43% to 32% between March 2019 and September 2023. Source: Legal India Extended Resolution Time: The average resolution time under IBC rises from 324 to 653 days, surpassing the stipulated 330 days. Limited judicial bench strength and a prolonged pre-IBC admission …
Read MoreWhy in the News? The Supreme Court’s recent ruling on Governor’s withholding assent to Punjab’s Bills highlights the removal of the Governor’s veto power. This significant decision emphasizes the essence of a parliamentary democracy, emphasizing the elected regime’s responsibility to the legislature. Source: Telangana today Context of the Case: Originating from Punjab, the case questioned …
Read MoreWhy in the News? The Union government, through the Department of Personnel and Training, has excluded the Computer Emergency Response Team (CERT-In) from the purview of the Right to Information Act (RTI). CERT-In serves as the national nodal agency, responding to cybersecurity incidents and promoting security awareness among citizens. It operates under the Ministry of …
Read MoreUnique Workspace in Antarctica Antarctic workspace characterized by frigid temperatures, commencing each day with record-low temperatures. Researcher Vishnu Nandan recounts the challenge of adapting to temperate climate post-return from Antarctica. Part of Antarctic Scientific Survey Vishnu Nandan, a polar researcher, spent eight months as part of a 25-member team in West Antarctica, conducting sea ice …
Read MoreWhy in the News? Madhabi Puri Buch, SEBI Chairperson, unveils Investor Risk Reduction Access (IRRA), a collaborative effort by major stock exchanges: BSE, NSE, NCDEX, MCX, and MSE. Purpose of IRRA IRRA acts as a safety net for investors, designed to address technical glitches faced by trading members or stock brokers, ensuring a safety mechanism …
Read MoreWhy in the News? Between September 15 and November 23, a total of 55,725 farm fires were recorded across six North Indian states – Punjab, Haryana, Uttar Pradesh, Delhi, Rajasthan, and Madhya Pradesh. Punjab alone accounted for 36,323 fires during this period. Farm fires in PunjabSource: The Indian Express Data Collection Agency The data is …
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