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What is Multi Agency Centre (MAC)?

Multi Agency Centre (MAC): The Union government has asked the States to share more intelligence inputs through the Multi Agency Centre (MAC). MAC is a common counter-terrorism grid under the Intelligence Bureau that was made operational in 2001 following the Kargil War. As many as 28 organisations, including the Research and Analysis Wing (R&AW), armed […]

Airtel Payments Bank Is Now A Scheduled Bank

Airtel Payments Bank Is Now A Scheduled Bank: The Reserve Bank of India (RBI) has announced the inclusion of Airtel Payments Bank Ltd. in the Second Schedule to the Reserve Bank of India Act, 1934. With this, the bank can now pitch for government-issued Requests for Proposals (RFP) and primary auctions and undertake both Central […]

Consumer Protection Rules, 2021

Consumer Protection Rules, 2021: In exercise of its powers under provisions of the Consumer Protection Act, 2019, the Central Government has notified the Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021. The new rules revised pecuniary jurisdiction for entertaining consumer complaints. Overview of the new rules: Food […]