Deposit Insurance and Credit Guarantee Corporation: The Finance Ministry is considering increasing the deposit insurance limit, which currently stands at ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) Act, 1961.DICGC is a subsidiary of the Reserve Bank of India (RBI) that provides deposit insurance to bank depositors, ensuring the safety of their […]
Category: Polity Current Affairs
Standard Chartered Appoints P.D. Singh as India CEO
Standard Chartered Appoints P.D. Singh as India CEO: Standard Chartered Bank has secured approval from the Reserve Bank of India (RBI) to appoint Prabdev (P.D.) Singh as its Chief Executive Officer for India and South Asia. Singh, a veteran in corporate banking and former CEO of JP Morgan India, will assume his new role on […]
Right to Access Justice
Right to Access Justice: The Supreme Court (SC) of India fined a petitioner for frivolous litigation and forum shopping, citing misuse of judicial time and resources.The case highlights legal misuse, with the petitioner repeatedly filing meritless pleas to overturn a service dismissal.The Supreme Court affirmed that while the right to access justice is a fundamental […]
Obscenity Laws in India
Obscenity Laws in India: YouTuber Ranveer Allahbadia and comedian Samay Raina are under police investigation for alleged obscene remarks on the YouTube show India’s Got Latent.Obscenity laws in India aim to balance free speech with moral standards and prevent explicit content that corrupts public morality. With the rise of digital platforms, defining what constitutes obscenity […]
Devolution Index
Devolution Index: The Ministry of Panchayati Raj will release the comprehensive Devolution Index Report on 13th February, 2025, at Indian Institute of Public Administration (IIPA), New Delhi. Devolution Index is a result of meticulous research and empirical analysis, providing insights into the progress of decentralization across States and Union Territories. The Index evaluates six […]
Competitive and Cooperative Federalism
Competitive and Cooperative Federalism: The government has emphasized various initiatives to foster competitive and cooperative federalism and its benefits. Competitive Federalism is a system of horizontal (state-state) and vertical (Centre-state) competition to attract investment, improve governance, and enhance services. The 15th Finance Commission (FC) has introduced indicators like tax & fiscal efforts to evaluate state […]
Balancing Freebies and Welfare
Balancing Freebies and Welfare: There is a rising trend among the political parties to promise a barrage of freebies or subsidies to lure the electorate as seen in the Delhi Assembly elections 2025.Electoral freebies (or “revdi culture”) are debated—some see them as harmful to development, while others view them as essential for socio-economic progress.The RBI […]
Civil Liability for Nuclear Damages Act (CLNDA), 2010
Civil Liability for Nuclear Damages Act (CLNDA), 2010: Union government’s recent announcement that it would amend the Civil Liability for Nuclear Damages Act (CLNDA), 2010, and the Atomic Energy Act, 1962, is likely to enthuse American and French nuclear power companies, whose projects have been deadlocked due to legal concerns for more than 15 years. […]
No Men in Women’s Sports Executive Order : Donald Trumph
No Men in Women’s Sports Executive Order : Donald Trumph President Donald Trump signed an executive order on Wednesday, February 5, 2025, titled the “No Men in Women’s Sports Executive Order.” The order prohibits transgender women and girls from competing in female sports, marking the fourth executive order targeting transgender individuals since Trump took office […]
Maharashtra Mandates Marathi Language Use
Maharashtra Mandates Marathi Language Use: Maharashtra has mandated the use of Marathi language in all official communication across government, semi-government, local self-government bodies, and government-aided offices. The Marathi Language Policy, approved in 2024, recommends the use of Marathi in all public affairs.Article 345 of the Constitution states that a state legislature can choose one or […]
