About Insolvency and Bankruptcy Code, 2016 Insolvency is a situation where individuals or companies are unable to repay their outstanding debt. The Code provides a time-bound process for resolving the insolvency of corporate debtors called the corporate insolvency resolution process …
What is the Bill about? The Tribunals Reforms Bill, 2021 replaces the Tribunals Reforms (Rationalisation and Conditions of Service) Ordinance, 2021 that sought to dissolve eight tribunals that functioned as appellate bodies to hear disputes under various statutes, and transferred …
About the Act The Muslim Women (Protection of Rights on Marriage) Act, 2019 makes all declaration of talaq, including in written or electronic form, to be void (i.e. not enforceable in law) and illegal. It defines talaq as talaq-e-biddat or …
Context The government recently decided to withdraw the retrospective taxation amendment in the I-T Act introduced in March 2012. While scrapping the retrospective levy is believed to provide clarity to investors by removing a major source of ambiguity on taxation …
What are Sacred Groves ? Sacred groves are forest fragments, size varying between 0.5-500 hectare (some groves are more than 500 hectare in size) which are protected by religious communities, and have a significant religious connotation for the protecting community. …
Why in News: Nine military personnel were awarded the Shaurya Chakra, the third highest peacetime gallantry award. About the awards Gallantry Awards have been instituted by the Government of India to honour the acts of bravery and sacrifice of the …
About WPI Wholesale Price Index measures and tracks the changes in the price of goods in the stages before the retail level. It provides estimates of inflation at the wholesale transaction level for the economy as a whole. WPI basket …
About GMOs Genetically modified organisms (GMOs) can be defined as organisms i.e. plants, animals or microorganisms in which the genetic material (DNA) has been altered in a way that does not occur naturally by mating or by natural recombination. The …
About Ramsar Convention The Ramsar Convention on Wetlands of International Importance signed in 1971, is an international treaty for the conservation and sustainable use of wetlands. It is named after the Iranian city of Ramsar, on the Caspian Sea. It …