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India-Central Asia Summit 2022

India-Central Asia Summit Prime Minister Narendra Modi hosted the first India-Central Asia Summit in virtual format on 27 January 2022, which was attended by Presidents of the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan. This first India-Central Asia coincided with the 30th anniversary of establishment of diplomatic relations between […]

Proposal for Setting Up a Bad Bank is Still Pending

Bad Bank: The Reserve Bank of India’s (RBI’s) approval for the implementation of the proposal for setting up a ‘Bad Bank’ is still pending. In September 2021, the Union Cabinet approved the Rs. 30,600 crore guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan assets. NARCL & […]

Chakmas And Hajongs Communities

Chakmas And Hajongs Communities: The National Human Rights Commission (NHRC) in its order directed Ministry of Home Affairs and Arunachal Pradesh to submit action taken report within six weeks against alledged racial profiling and relocation of the Chakmas and Hajongs from the State. Also both the authorities were directed to “ensure that human rights of […]

Regional Rapid Transit System (RRTS)

Regional Rapid Transit System (RRTS): The officials of Regional Rapid Transit System (RRTS) estimated that RRTS will reduce CO2 emissions by taking around 1.5 lakh private vehicles off the road. The corridor will start from Sarai Kale Khan in Delhi, pass through Ghaziabad, and reach Modipuram in Meerut (Uttar Pradesh). The RRTS, the first of […]

EU Case Against Beijing at World Trade Organization (WTO)

World Trade Organization (WTO): The European Union has launched a case against Beijing at the World Trade Organization (WTO) for targeting Lithuania over its stance on Taiwan. Lithuania made waves in July when it allowed Taiwan to open a diplomatic outpost in Vilnius. The move outraged Beijing, which does not recognise Taiwan as a state […]

Air India Formally Handed Over To Tata Group

Air India Now Formally Handed Over To Tata Group: The Union government has transferred its shares in Air India, along with control and management, to Tata Sons subsidiary, Talace, ending a disinvestment process that started five years ago. Tatas will get Air India’s fleet of 141 planes, along with ownership of iconic Brands like Air […]

Non-Renewal of FCRA Registration

Foreign Contribution Regulation Act (FCRA): The Supreme Court asked 6,000-odd NGOs to go back to the government for redressal of their grievances on non-renewal of their Foreign Contribution Regulation Act (FCRA) registration. The FCRA was enacted during the Emergency in 1976 in an atmosphere of apprehension that foreign powers were interfering in India’s affairs by […]