Economically Weaker Sections

Economically Weaker Sections: A government committee report in the Supreme Court has said that “income” is a “feasible criterion” for defining the “Economically Weaker Sections” (EWS) in society, and the annual family income of ₹8 lakh is a “reasonable” threshold to determine EWS in order to extend reservation in admissions and jobs. The committee did […]

Solid-State Batteries

Solid-State Batteries: Shareholders of California-based QuantumScape Corp, a battery startup backed by Volkswagen AG, have approved a multibillion-dollar pay package for Chief Executive Officer Jagdeep Singh, subject to the company meeting some performance milestones. QuantumScape’s solid-state battery — lithium metal with a solid electrolyte separating the two electrodes — is seen as an exceptionally bright […]

Financial Resolution And Deposit Insurance (FRDI) Bill

Financial Resolution And Deposit Insurance (FRDI) Bill: The Finance Ministry has sought views of the Reserve Bank of India (RBI) on drafting a modified version of the Financial Resolution and Deposit Insurance (FRDI) Bill in order to deal with Insolvency of Firms in the financial sector. In 2018, the Government had withdrawn the FRDI Bill […]