State Of Global Climate – 2021

State Of Global Climate-2021: A provisional report released by the World Meteorological Organisation has stated that the last seven years have been the warmest on record and global sea-level rise accelerated since 2013, reaching a new high in 2021. The report has attributed the record sea-level rise to warming up and acidification of ocean waters. […]

Infrastructure For Resilient Island States (IRIS)

Infrastructure For Resilient Island States (IRIS): Prime Minister Narendra Modi launched Infrastructure for Resilient Island States (IRIS) on sidelines of climate summit in Glasgow. Infrastructure for Resilient Island States or IRIS is the first major initiative by the Coalition for Disaster Resilient Infrastructure (CDRI) started by India in 2019. IRIS seeks to operationalise the CDRI […]

Revised Prompt Corrective Action (PCA) Framework For Banks

Revised Prompt Corrective Action (PCA) Framework For Banks: The RBI has issued a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at “appropriate time” and also act as a tool for effective market discipline. The revised PCA framework will be effective from January 1, 2022. Capital, asset quality and leverage will […]

Asset Reconstruction Companies (ARCs): RBI

Asset Reconstruction Companies (ARCs):RBI To streamline the functioning of asset reconstruction companies (ARCs), the Reserve Bank panel has come out with a host of suggestions. The RBI had set up a committee headed by Sudarshan Sen to undertake a comprehensive review of the working of asset reconstruction companies (ARCs) in the financial sector ecosystem and […]

Madras High Court on Tamil Nadu Reservation Law

Unconstitutional – A Reservation Law Passed By The Tamil Nadu Legislative Assembly: The Madras High Court has declared as unconstitutional a reservation law passed by the Tamil Nadu legislative Assembly. The law envisaged providing 10.5% internal reservation to Vanniakula Kshatriya community, within the 20% earmarked for Most Backward Classes (MBCs) in education and public employment. […]

Khasi Inheritance Of Property Bill, 2021

Khasi Inheritance Of Property Bill, 2021: The Khasi Hills Autonomous District Council (KHADC) in Meghalaya announced that it would introduce the ‘Khasi Inheritance of Property Bill, 2021. The bill is aimed at “equitable distribution” of parental property among siblings in the Khasi community. If implemented, the proposed Bill would modify an age-old customary practice of […]

Project-15B

Project-15B: The first ship of the four Project-15B state-of-the-art stealth guided missile destroyers i.e. ‘Y 12704 (Visakhapatnam)’, was delivered to the Navy. The ship is constructed using indigenous steel DMR 249A and is amongst the largest destroyers constructed in India. India’s Destroyer Construction Programme: India’s indigenous Destroyer construction programme commenced in the late 1990s with […]