Monthly Archives: May 2021

FDI IN INSURANCE SECTOR

Recently, the Ministry of Finance amended Indian Insurance Companies (Foreign Investment) Rules, 2015 and clarified on the final rules for increased FDI (Foreign Direct Investment) in the Insurance Sector. Parliament had passed the Insurance Amendment Bill 2021 to increase the FDI limit in the insurance sector to 74% from 49%. The Ministry of Finance has notified ‘Indian Insurance Companies (Foreign Investment) Amendment …

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WELFARE BENEFITS FOR UNORGANISED WORKERS

The Supreme Court of India (SC) has directed the Central Government and the State Governments to complete the registration process of unorganized workers so that they can avail the welfare benefits given under various government schemes. Important points: It has asked states and Union territories to keep a record of the returning migrant labourers, including details …

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NEW IT RULES 2021

Recently, messaging platform WhatsApp has moved the Delhi High Court to challenge the traceability provision in the New IT Rules 2021 Earlier the Ministry of Electronics and IT (MeitY) had sent a notice to WhatsApp asking it to withdraw a controversial update to its privacy policy which might be a threat to Data Protection of …

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BIOHUB INITIATIVE

The World Health Organization (WHO) and Switzerland have launched a BioHub facility that will allow pathogens sharing between laboratories and facilitate “analysis and preparedness” against them. Important points: The facility will help in safe reception, sequencing, storage and preparation of biological materials for distribution to other laboratories, so as to facilitate global preparedness against these pathogens. It will enable member states to share biological materials …

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SUPERMOON

Two celestial events – Total Lunar Eclipse and Supermoon – together coincide on 26th May 2021. Important points: A supermoon occurs when the Moon’s orbit is closest to the Earth at the same time that the Moon is full. As the Moon orbits the Earth, there is a point of time when the distance between the two is the …

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VIRTUAL VESAK GLOBAL CELEBRATIONS

The Prime Minister addressed “Virtual Vesak Global Celebrations” on Buddha Purnima. The event is being organised by the Ministry of Culture in collaboration with the International Buddhist Confederation (IBC) and will witness the participation of all the supreme heads of the Buddhist Sanghas from around the world. Important points: It is celebrated to mark the birth of Gautam Buddha, the founder of Buddhism. It …

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EUROPEAN UNION (EU)

Recently, the European Union (EU) imposed sanctions against Belarus, including banning its airlines from using the airspace and airports of the 27-nation bloc EU. Important points: Europe’s longest-serving ruler, President of Belarus Lukashenko took office in 1994 amid the chaos caused by the collapse of the Soviet Union in 1991. Often described as Europe’s “last dictator”, he has tried …

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SURVIVORS OF GENDER-BASED VIOLENCE.

The Ministry of Women and Child Development will set up One Stop Centres (OSCs) across 10 countries to provide assistance to Indian women who are survivors of gender-based violence. The missions where the OSCs will come up are Bahrain, Kuwait, Qatar, Oman, UAE, Jeddah and Riyadh in Saudi Arabia, Australia, Canada and Singapore. It will also set …

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LAKSHADWEEP DEVELOPMENT AUTHORITY REGULATION, 2021

The latest Draft Lakshadweep Development Authority Regulation, 2021, for the creation of a Lakshadweep Development Authority (LDA) is widely resented by the people of Lakshadweep. Important points: It empowers the government, identified as the administrator, to constitute Planning and Development Authorities under it to plan the development of any area identified as having “bad layout …

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CBI

Recently, the Central Government has appointed ‘Subodh Kumar Jaiswal’ as a new Director of the Central Bureau of Investigation (CBI) The Director of the CBI is appointed as per section 4A of the Delhi Special Police Establishment Act of 1946. Important points: The CBI was set up in 1963 by a resolution of the Ministry of Home Affairs. …

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