India’s edible oil imports set for a record high. The Global prices of edible oils, which hit an all-time high after Russia’s invasion of Ukraine, have crashed. Sunflower has seen the greatest volatility in the prices in the last one year. The UN Food and Agriculture Organization’s global vegetable oils price index soared to an …
Read More »Monthly Archives: May 2023
NATIONAL COMPANY LAW APPELLATE TRIBUNAL (NCLAT)
NCLAT was constituted in 2016 under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT). It is a is a quasi-judicial body that adjudicates issues relating to Indian companies. NCLAT is also the Appellate Tribunal for hearing appeals against: Orders passed by NCLT(s) under Section 61 of the Insolvency …
Read More »STOCK PRICE MANIPULATION
When someone artificially affects the supply or demand for a security (for e.g. causing stock prices to rise or to fall dramatically), it is known as Market manipulation. Market manipulation may involve techniques including: Spreading false or misleading information about a company; Engaging in a series of transactions to make a security appear more actively traded. Rigging …
Read More »GENERATIVE AI
Generative artificial intelligence (AI) describes algorithms that can be used to create new content, including audio, code, images, text, simulations, and videos. Recent breakthroughs in the field of Generative AI have the potential to drastically change the way people approach content creation. Generative AI and transformers (that help predict the next word or a sentence) …
Read More »RIGHT TO ASSEMBLY
The Andhra Pradesh High Court has set aside the state governemnt order that sought to regulate public gatherings or ‘assembly on roads, roadside and margins. The court in its order noticed that historically, culturally and politically, the tradition of public meetings, processions, assembly etc. on streets, highways etc. has been recognized in …
Read More »LOCALIZATIONS OF SUSTAINABLE DEVELOPMENT GOALS
Bhopal has become the first city in India to join the growing global movement. In 2015, the 193 member-states of the United Nations adopted the 2030 Agenda for Sustainable Development, which consists of 17 Sustainable Development Goals and 169 targets as a plan of action for ‘people’, ‘the planet’, and ‘prosperity’. Following the release of its Voluntary Local …
Read More »INDIA’S GREEN HYDROGEN HUB
Gujarat has signed MoUs with several big corporates, including Reliance, Adani, which have pledged huge investments in green energy projects. According to the state government, Gujarat aims to become hub for green hydrogen by creating a production capacity of 8 metric tonnes per annum (MTPA) by 2035. The State is framing a new policy …
Read More »PERMAFROST
Amidst Rising Global Temperatures, thawing permafrost is likely to destabilize thousands of industrial sites and linked contaminated areas in the Arctic. The arctic is dotted with industrial facilities such as oilfields and pipelines, mines and military bases. The consequences of global warming and thawing permafrost were not taken into account for long and permafrost was considered as a …
Read More »LUMPY SKIN DISEASE OF CATTLE
Centre pushes vaccination as lumpy skin ravages cattle More than 10,000 cattle have been infected with the Lumpy Skin disease in this wave of the epidemic. Uttarakhand has reported the bulk of the cases in this wave. While the Kutch region of Gujarat emerged as the epicenter of the Lumpy Skin disease outbreak last …
Read More »CHANDRAYAAN-3
The Chandrayaan-3 Mission is aimed at demonstrating critical technologies to land the spacecraft on the south pole of the moon. It is a follow-on mission to Chandrayaan-2 to demonstrate end-to-end capability in safe landing and roving on the lunar surface. Chandrayaan-3 is a composite of three modules i.e., propulsion, lander and rover. The mission …
Read More »DOTTED LANDS
The Andhra Pradesh government has started removing “dotted lands” in the state from the prohibited list. The Andhra government has started to remove the “dotted lands” in the state from the prohibited list. This will lead to restoration of full rights of selling or pledging these lands to the farmers who own them. Over …
Read More »SUPREME COURT UPHOLDS LAWS ALLOWING JALLIKATTU, KAMBALA
The Supreme Court upheld The Prevention of Cruelty to Animals (Tamil Nadu Amendment) Act of 2017 and Prevention of Cruelty to Animals (Conduct of Jallikattu) Rules of 2017. A five-judge constitutional bench of the Supreme Court upheld the amendments made by Tamil Nadu, Maharashtra and Karnataka to ‘The Prevention of Cruelty to Animals (PCA) …
Read More »THE ARTIFICIAL SWEETENER
The World Health Organization has recommended against using artificial sweeteners WHO in a recent report has recommended against using artificial sweeteners to achieve weight loss and prevent lifestyle diseases such as diabetes. The report emphasized that while there was a need to cut intake of sugar, it should not be replaced by artificial …
Read More »PLI SCHEME FOR IT HARDWARE
The Central Government approved Rs. 17,000cr PLI scheme For IT hardware Government approved the second phase of the Production Linked Incentive or PLI scheme for IT hardware The move is aimed to accelerate domestic manufacturing of hi-tech electronics, building on efforts that catapulted India to become the second-largest mobile phone manufacturer in the …
Read More »LIBERALIZATION REMITTANCE SCHEME (LRS)
Government amends the rules under the Foreign Exchange Management Act, to bring in the international credit card spends outside India under the Liberalized Remittance Scheme (LRS). The usage of an international credit card to make payments towards meeting expenses during a trip abroad was not covered under the LRS. The spendings through international …
Read More »NUTRIENT BASED SUBSIDY (NBS) SCHEME
The Central government approved Nutrient Based Subsidy for Nitrogen(N), Phosphorus(P), Potash(K) and Sulphur(S) for the 2023 kharif Season On the proposal of the Department of Fertilisers, the central government has revision of the NBS rates for Kharif Season (April-September) 2023 and for Rabi Season (January-March, 2023). Rs 70,000 crore will be spent …
Read More »LIBOR BENCHMARK
RBI recently stated that some financial institutions were yet to facilitate an absolute transition away from the LIBOR benchmark. What is LIBOR? The London Interbank Offered Rate (LIBOR) is a global benchmark interest rate that combines individual rates at which banks opine they may borrow from each other at the London interbank …
Read More »TRIMBAKESHWAR MAHADEV TEMPLE
Maharashtra Government orders SIT probe over dispute regarding forceful entry of into the Temple. The Trimbakeshwar Mahadev Temple: Trimbakeshwar town is an ancient Hindu Pilgrim center located at the source of the Godavari River, 28 kms from Nashik in Maharashtra. Trimbakeshwar Mahadev Temple is considered one of the 12 Jyotirlingas. Trimbakeshwar means …
Read More »THE MATRILINEAL SOCIETY OF MEGHALAYA
A tribal council’s order not to issue a Scheduled Tribe (ST) certificate to any Khasi person who adopts the surname of his/her father. The Khasi is an indigenous tribe of Meghalaya numbering about 1.39 lakh. They are of the three matrilineal communities of North-east besides the Garo and Jaintias. Following the matrilineal law of inheritance, …
Read More »THE FIRST INDIGENOUS VACCINE AGAINST DENGUE
Drug makers Serum Institute of India and Panacea Biotec are moving closer to develop the country’s first vaccine against dengue. They have applied to the Indian Council of Medical Research’s (ICMR) call for ‘Expression of Interest’ for collaborative Phase-III clinical trials for indigenous manufacturers. Phase-III clinical trial is being done for evaluation of efficacy, along with …
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