Daily Archives: January 11, 2023

RBI’S REVISED GUIDELINES FOR LOCKER MANAGEMENT

In order to enhance the safety, transparency and effective management of safe deposit lockers provided by banks, apex banking regulator Reserve Bank of India (RBI) released a list of revised guidelines, which came into force from January 1, 2022. The guidelines followed observations made by the Supreme Court in Amitabha Dasgupta vs United Bank of …

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THE STALEMATE BETWEEN TELANGANA AND AP

More than eight years after the bifurcation of the erstwhile united Andhra Pradesh, division of assets and liabilities between the two States remain elusive as the States make their own interpretation of the provisions under the Andhra Pradesh Reorganisation Act 2014. Several bilateral meetings between the two States as well …

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‘PRE-POLL BUDGET REFORMS

The Union Budget of 2023-24, India’s final full-year Budget before the Lok Sabha polls in 2024, is unlikely to see any major reforms and could see higher allocations for welfare measures as well as capex along with cuts in defence expenditure, as witnessed in recent pre-election Budgets, Goldman Sachs said …

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SECTION 6A OF CITIZENSHIP ACT

A Constitution Bench led by Chief Justice of India D.Y. Chandrachud on Tuesday said it will first take up for preliminary determination whether Section 6A of the Citizenship Act, 1955 suffers from any “constitutional infirmity”. Section 6A was a special provision inserted into the 1955 Act in furtherance of a …

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PURCHASING OF INDIGENOUS DEFENCE SYSTEMS

The Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for three capital acquisition proposals amounting to ₹4,276 crore. These include the helicopter-launched Nag (HELINA) anti-tank guided missiles (ATGM), very short-range air defence systems (VSHORAD), BrahMos cruise missile launchers, and fire control …

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THE BEGINNING OF INDIA’S CULTURAL RENAISSANCE

The month-long Kashi Tamil Sangamam, which showcased Tamil culture, heralded a new era where ancient Indian traditions intermingle with one another and are revitalised with the help of modern practices so that they contribute to cultural and economic growth. It gave a rich cultural context to India’s mission to become …

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LESSONS FROM RUSSIA’S UKRAINE WAR

Russia is “a riddle, wrapped in a mystery, inside an enigma,” said Winston Churchill in 1939, referring to the West’s muddled understanding of Joseph Stalin’s Soviet Union. The words of the Conservative leader, who led Britain during wartime, still ring true as the world, 10 months into Russia’s invasion of …

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BLACKBUCK SURVIVE CHALLENGES

A new study conducted by the Indian Institute of Science (IISc) has shed light on how blackbuck in India have fared in the face of natural and human-induced challenges to their survival. The blackbuck is found only on the Indian subcontinent. While males have corkscrew-shaped horns and black-to-dark brown coats, …

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EXPERT PANELS ON NEW ELEPHANT CORRIDORS

The Tamil Nadu government on Tuesday informed the Madras High Court that it had constituted two expert committees to come up with a consolidated list of elephant corridors, comprising those that had already been identified as well as potential elephant corridors, in the State. A Division Bench of Justices N. …

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INDO-AUSTRALIA TRADE RELATIONS

The Engineering Export Promotion Council of India (EEPC) on Tuesday organised an outreach programme to raise awareness among exporters from various sectors on Indo-Australia trade dynamics in light of the Australia-India Economic Co-operation and Trade Agreement (ECTA). The bilateral trade agreement came into force on December 29, 2022, and now, …

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