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Forum On China-Africa Cooperation

Forum On China-Africa Cooperation: China is hosting the ninth Forum on China-Africa Cooperation (FOCAC) Summit, a diplomatic event aimed at strengthening ties with African nations. Forum on China-Africa Cooperation was established in 2000 to formalise the strategic partnership between China and African nations. A summit is conducted every three years, with the host alternating between […]

Centralized Pension Payment System

Centralized Pension Payment System: The Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF has approved the proposal for a Centralized Pension Payment System (CPPS) for the Employees’ Pension Scheme, 1995. Centralized Pension Payment System provides a national-level centralized system allowing pension payouts through any bank or branch in India. This […]

Vertical Fiscal Imbalance

Vertical Fiscal Imbalance: There is the problem of Vertical Fiscal Imbalance (VFI) in Indian fiscal federalism, where expenditure decentralization overwhelms the revenue-raising powers of the States. Vertical Fiscal Imbalance (VFI) is defined as the share of sub-national governments’ own spending not financed through their own revenues. A VFI describes a situation in which revenues do […]

Vishvasya-Blockchain Technology Stack

Vishvasya-Blockchain Technology Stack: The Government of India has launched the Vishvasya-Blockchain Technology Stack, offering Blockchain-as-a-Service (Baas) with geographically distributed infrastructure to support permissioned blockchain applications. Vishvasya offers Blockchain-as-a-Service (BaaS) using a distributed infrastructure to support permissioned blockchain applications. BaaS provides cloud-based tools for companies to build and manage blockchain apps. It is part of the […]

California’s New Law On Deceased Personalities’ Likeness

California’s New Law On Deceased Personalities’ Likeness: California’s AB 1836, passed on August 31, 2024, regulates the commercial use of deceased personalities’ likenesses, including their voice and image. The law aims to protect against unauthorized AI-generated replicas by requiring consent from the deceased’s heirs for such uses. Using a deceased personality’s likeness without consent from […]