Insolvency and Bankruptcy Code (IBC) The Code creates time-bound processes for insolvency resolution of companies and individuals. These processes will be completed within 180 days (unless extended by a one time extendable period of 90 days). If insolvency cannot be …
What’s in the news? The RBI has created a Payment Infrastructure Development Fund (PIDF) with a corpus of Rs 500 crore, with an aim to give a push to digital payments. The RBI has made an initial contribution of Rs …
About PLFS In India, the National Sample Survey Organisation (NSSO) has been quinquennially collecting data on employment and unemployment but from 2017 onwards, the Periodic Labour Force Survey (PLFS) was launched by the NSSO. It aimed to provide quarterly employment …
What is the CPEC project? China-Pakistan Economic Corridor (CPEC) refers to a clutch of major infrastructure works currently under way in Pakistan, intended to link Kashgar in China’s Xinjiang province to Gwadar deep sea port close to Pakistan’s border with …
About UNSC The United Nations Security Council (UNSC) was established in 1946 as one of the six principal organs of the UN. It is generally viewed as the apex of the UN system. It is responsible for the maintenance of …
What’s in the news? Prime Minister Modi and his Australian counterpart PM Scott Morrison took part in the first-ever virtual bilateral summit between the leaders of the two countries. During the summit India and Australia concluded several key agreements including …
Context Protesters have marched in the US for a week over the death of George Floyd at the hands of a police officer. Their anger over the killing of the unarmed black man has now spread worldwide. From …
Context India, the world’s third largest crude oil importer has an existing storage capacity of 5.3 million tonnes at Visakhapatnam, Mangaluru and Paadoor, built at an investment of $600 million in the first phase. This is operational and can …
Context Visible effect of the lockdowns was clean air in cities as vehicles went off roads. The Himalayan range became visible from Punjab for the first time in 30 years. Satellite images showed the steep drop in nitrogen …
What is Inner Line? The Inner line is a concept drawn by colonial rulers, which separated the tribal-populated hill areas in the Northeast from the plains. Inner Line Permit System: An Inner Line Permit is a document that allows …