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Cloudbursts in Kangra and Kullu districts of Himachal Pradesh

Cloudbursts in Kangra and Kullu districts of Himachal Pradesh: Cloudbursts in Kangra and Kullu districts of Himachal Pradesh triggered devastating flash floods, killing two people and leaving over a dozen missing.A cloudburst is a sudden, highly intense rainfall event, releasing ≥100 mm of rain in under one hour over a localized area (~10 km²). These […]

UN80 Initiative

UN80 Initiative: The United Nations Secretary-General António Guterres unveiled the UN80 Initiative to reform and revamp the UN system ahead of the Charter’s 80th anniversary. The UN80 Initiative is a comprehensive reform drive across the UN system to align its structures, mandates, and operations with 21st-century challenges. Launched by: UN Secretary-General António Guterres.Objective is to […]

RBI has reduced the Priority Sector Lending target for Small Finance Banks

RBI has reduced the Priority Sector Lending target for Small Finance Banks: The Reserve Bank of India (RBI) has reduced the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) from 75% to 60% to enhance lending flexibility and profitability.RBI’s revised PSL norms aim to ease lending restrictions for SFBs, allowing them to diversify […]

Banakacherla Project

Banakacherla Project: A new inter-state water conflict has emerged between Telangana and Andhra Pradesh over the Banakacherla reservoir project, with Telangana alleging violation of the Andhra Pradesh Reorganisation Act, 2014. The Banakacherla Reservoir Project is a proposed irrigation infrastructure by the Andhra Pradesh government aimed at diverting surplus Godavari River water to address drought conditions […]

Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS)

Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS): The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) recently stated that revenue proceedings are not possible after the issuance of discharge certificate under SVLDRS [Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019] Scheme. Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS) […]