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General Insurance Business (Nationalisation) Amendment Bill, 2021

General Insurance Business (Nationalisation) Amendment Bill, 2021: The General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed by both the houses of the parliament. It seeks to amend the General Insurance Business (Nationalisation) Act, 1972. Key Provisions of the Bill: It seeks to remove the mandatory requirement of the Central government holding not less than […]

60th Public Enterprises (PE) Survey 2019-20

60th Public Enterprises (PE) Survey 2019-20: The 60th Public Enterprises (PE) Survey 2019-20 was released by the Department of Public Enterprises (DPE), Ministry of Finance. It is the single largest source of information on Central Public Sector Enterprises (CPSEs) and acts as a basis for informed policy making. The government has reallocated the Department of […]

Fugitive Economic Offender

Fugitive economic offender:   UK High Court has granted fugitive diamond merchant Nirav Modi permission to appeal against a magistrates’ court order, in favour of extradition to India to face charges of fraud and money laundering before the Indian courts, on mental health and human rights grounds. The U.K.’s Home Department, in April 2020, approved […]

Jezero Crater on Mars: Perseverance Rover

NASA’s Perseverance rover: NASA’s Perseverance rover is exploring the Jezero Crater on Mars and attempting to collect its first rock samples. However, no rock samples were collected during the first attempt. About Perseverance Rover: It was launched in 2020 aboard a United Launch Alliance Atlas V. It carried a unique instrument, MOXIE or Mars Oxygen […]

Marburg Virus : Important Points

Marburg Virus:   West Africa’s first case of the extremely contagious and deadly Marburg virus was confirmed in Guinea. Its first case was first identified just two months after the country was declared free of Ebola. Both the Marburg case and this year’s Ebola cases were detected in Guinea’s Gueckedou district. The first cases of […]

NMEO-OP: National Edible Oil Mission – Oil Palm

National Mission on Edible Oil-Oil Palm: The Prime Minister has announced a new national initiative on palm oil production to help increase farm incomes. The scheme, called National Edible Oil Mission-Oil Palm (NMEO-OP), for self-reliance in edible oil involves investment of over Rs. 11,000 crore (over a five year period). Aims: To harness domestic edible […]