About IFSC An International Financial Services Centre (IFSC) is a jurisdiction that provides world class financial services to non-residents and residents in a currency other than the domestic currency (Indian Rupee) of the location where the IFSC is located. Services …
About AIIB The Asian Infrastructure Investment Bank (AIIB) is an international development bank that provides financing for infrastructure projects in Asia. Headquartered in Beijing, it began operations in 2016. It includes more than 100 members worldwide (India is a founder …
What’s in the news? Remittances to the country by non-resident Indians rose 26% on year to about $112.5 billion in FY23, underscoring the surge in demand for Indian professionals globally after the pandemic. Remittances to India were $89.1 billion in …
What are parliamentary privileges? Parliament and its Members (MPs) have certain rights and immunities that enable them to function effectively in their legislative roles. These are called parliamentary privileges. Parliamentary privileges are a mix of provisions in the Constitution, statutes, …
Introduction In March 2023, Saudi Arabia and Iran signed an agreement in Beijing, China, to re-establish diplomatic ties, respect each other’s sovereignty and maintain non-interference in the other’s domestic affairs. The agreement came after months of deliberations and four days …
What’s in the news? Corporate Affairs Ministry (MCA) is in the process of finalising Rules for operationalising the provisions of the Competition (Amendment) Act, 2023 enacted this year post receipt of Presidential assent on April 11. This amendment Act was …
What’s in the news? President Droupadi Murmu has granted assent to the Government of National Capital Territory of Delhi (Amendment) Bill 2023. The Bill amended the Government of National Capital Territory of Delhi Act 1991. Highlights of the Act National …
What’s in the news? President Droupadi Murmu has granted assent to the Digital Personal Data Protection Bill, 2023 (DPDP Bill) after it was passed by both Houses of Parliament. Highlights of the Act The Bill aims to manage digital personal …