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Egypt As The Fourth New Member Of BRICS New Development Bank

Egypt As The Fourth New Member Of BRICS New Development Bank: India has welcomed Egypt as the fourth new member of BRICS New Development Bank that was established by the BRICS countries six years ago. Bangladesh, UAE, and Uruguay joined in September 2021. Membership expansion enables New Development Bank to position itself as a premier […]

Shakti Criminal Laws (Maharashtra Amendment) Act

Shakti Criminal Laws (Maharashtra Amendment) Act: The Maharashtra Assembly passed the Shakti Criminal Laws (Maharashtra Amendment) Act unanimously. With the passage of the Bill, it became the second state in India after Andhra Pradesh to approve death penalty for heinous offences of rape and gangrape. The Act has amended the existing criminal laws to include […]

Third Positive Indigenisation List

Third Positive Indigenisation List: The Ministry of Defence (MoD) has restricted the import of 351 systems and components as a part of third Positive Indigenisation List to boost Indigenisation in Defence Manufacturing. In June 2021, the MoD had notified the second negative import list, renamed as the ‘positive indigenisation list’ of 108 items. The ‘First […]

Digital Lending

Digital Lending: A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps submitted its recommendations in November this year. Key recommendations: A separate legislation should be enacted to oversee such lending. Setup a nodal agency to vet the Digital Lending Apps. A Self-Regulatory Organisation should […]

FSSAI Draft Regulations For GM Foods

FSSAI Draft Regulations For GM Foods: Social activists working among farmers have come out against the Food Safety and Standards Authority of India’s (FSSAI) draft regulations on genetically modified (GM) food, terming it “unacceptable”. They want FSSAI to explicitly say that GM foods will not be allowed into India by way of production or imports. […]

Corbevax and Covovax: New Vaccines Approved

New Vaccines Approved: India has cleared two more covid vaccines and one pill. The two latest vaccines approved by drug regulator CDSCO are Corbevax and Covovax. CORBEVAX vaccine is India’s 1st indigenously developed RBD protein sub-unit vaccine against COVID19, Made by Hyderabad-based firm Biological-E. The Nanoparticle Vaccine, COVOVAX, will be manufactured by Pune-based firm Serum […]

Apatani Weave: Arunachal Pradesh

Apatani Weave: An application seeking Geographical Indication (GI) tag for the Arunachal Pradesh Apatani textile product has been filed by a firm, Zeet Zeero Producer Company Ltd. Apatani weave: The Apatani weave comes from the Apatani tribe living at Ziro, the headquarters of Lower Subansiri district. The woven fabric of this tribe is known for […]