Today's news, Uncategorized

Today’s important articles/news in various newspapers (25th May)

Dear aspirants, following are the links of various articles taken from various newspapers. Click the link to read further. To get notification, follow the blog. Thank you!

1- A flawed rescue act

The buck stops with the Reserve Bank of India (RBI)! This is the crux of the Banking Regulation (Amendment) Ordinance of May 4, 2017, which empowers the RBI to take decisions on the settlement of non-performing assets (NPAs) and a consequent cleaning up of bank balance sheets.

Link it with GS Paper 3 (Banking reform)

2- Lessons from the new French Revolution

The marked preference for individuals over parties has not proved too felicitous for democracy.

Link it with Political Science and Public Administration optional paper as well as GS Paper 2 (Political parties and advocacy group)

3- Say no to GM mustard

The manner in which the Genetic Engineering Appraisal Committee (GEAC) recently cleared the proposal for genetically modified (GM) mustard is extraordinary to say the least. It makes a mockery of the commitment in the Bharatiya Janata Party manifesto that “GM foods will not be allowed without full scientific evaluation on the long term effects on soil, production and biological impact on consumers”.

Link it with GS Paper 3 (Biotechnology).

4- Govt. to widen coverage under UDAN

The Central government has proposed widening the scope of its UDAN scheme for regional connectivity by making more flight operations eligible for a host of concessions, including viability gap funding. Soon, all routes which do not have flight services at present may become part of the Scheme.

Click me to know more about UDAN scheme.

5- Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

What is FIPB?

The FIPB (Foreign Investment Promotion Board) is the designated institution which considers the FDI proposals that require government approval. It also grants composite approvals involving foreign investment/ foreign technology. FIPB is located in the Department of Economic Affairs, Ministry of Finance.

Till now FIPB can give recommendations of FDI proposals below Rs 5000 crore to the Minister of Finance for consideration.

Link it with GS Paper 3 (Ease of doing business)

6- The sword of global justice

In Jadhav case, ICJ shows creativity by balancing its powers with principle of state sovereignty and consent.

Link it with GS Paper 2 (International organisation)

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