Daily Archives: February 14, 2022

KOALAS

Recently, Australia has officially classified koalas as ‘endangered’. Australia’s Koala population has been on the road to extinction for over two decades now. The number of Koalas in NSW (New South Wales) declined by between 33% and 61% since 2001. But despite several demands by animal rights groups and conservationists, the government …

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INDEX OF INDUSTRIAL PRODUCTION

Recently, as per official estimates for the Index of Industrial Production (IIP), India’s industrial recovery slowed sharply in December 2021, with output growing just 0.4% year-on-year, and manufacturing activity contracting 0.1%. Contrary to expected growth of 2.5%, growth has come in at 0.4% which is disappointing. IIP is an indicator that measures …

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ENFORCEMENT DIRECTORATE- PREVENTION OF MONEY LAUNDERING ACT

The Supreme Court (SC) is examining allegations of rampant misuse of Prevention of Money Laundering Act 2002 (PMLA) by the government and the Enforcement Directorate (ED). PMLA is pulled into the investigation of even “ordinary” crimes and assets of genuine victims have been attached. PMLA was enacted in response to India’s global commitment (including the Vienna Convention) …

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