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Safeguarding RBI’s Autonomy While Ensuring Democratic Accountability Syllabus: GS Paper – 3, Banking Sector & NBFCs, Growth & Development Why in the News? Recent debates over central bank independence have resurfaced amid concerns about regulatory capture, governor tenure, and political influence in RBI appointments. Drawing lessons from international models and recent financial reforms like GST, …
Read MoreIntroduction The Finance Commission in India is a constitutional body responsible for allocating financial resources between the central government and the States. It promotes fiscal stability, fiscal autonomy for States, and the equalization of public services. Established under Article 280 of the Indian Constitution, it operates on a five-year cycle, impacting fiscal relations significantly and …
Read MoreSyllabus: GS 2 and 3: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Role of external state and non-state actors in creating challenges to internal security. Focus: ED arrested Delhi CM Arvind Kejriwal. Source:- The Hindu The Prevention of Money Laundering Act (PMLA), enacted by …
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