ChinmayaIAS Academy - Current Affairs

GOVERNMENT’S POWER ON ORDINANCES

The central government promulgated an Ordinance that undid the unanimous verdict of a five-judge Constitution Bench of the Supreme Court. The Central government promulgated an Ordinance extending the powers of the Delhi Lieutenant Governor (LG) over services in the administration of the national capital. These powers essentially involve the power to transfer and appoint …

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THE DEBT CEILING CRISIS

In an unprecedented situation the US government is on the verge of Defaulting on its borrowing that could potentially hit economies around the world. The US government has never defaulted, and a default could have catastrophic consequences for America and for the world. The issue was serious enough for the American President to cancel …

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INDIA EYE’S DEVELOPED ECONOMY STATUS BY 2047

PM, CMs to draw up plans for developed economy status for India. India, which is the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. With eye on achieving developed country status by 2047, Central government will seek suggestions from states to stitch together a 25-year blueprint for …

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ARAB LEAGUE SUMMIT

The 32nd Arab League Summit held in Jeddah was unique in multiple ways. After 12 years, all 22 Arab states got together again, with 17 of them represented at the head of state or government level. The summit readmitted Syria and heard the Ukrainian President, a special invitee. The post-summit …

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DEPUTY CM

K Shivakumar sworn in as Deputy Chief Minister of Karnataka Appointment of a Deputy CM has been a long-standing feature of Indian politics. The post of Deputy CM represents a political compromise that often follows the formation of a coalition government or when no single leader commands unchallenged authority in …

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PANEL ON SEBI’S FUNCTIONING

Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India (SEBI) more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. Ahead of the Court’s original May 2 limit, SEBI had …

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THE PARADOX OF BRICS

Mysterious are the ways in which multilateral groupings prosper and wither away. The Non-Aligned Movement (NAM) and G-77 had their heyday in the Cold War era Later they lost their relevance, but they still exist. The South Asian Association for Regional Cooperation (SAARC) summits ended in 2014, but the Secretariat …

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EU’S CARBON BORDER ADJUSTMENT MECHANISM

On May 10, co-legislators at the European Commission signed the Carbon Border Adjustment Mechanism (CBAM). It has been described as a “landmark tool” to put a “fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleaner industrial production …

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THE TRAGEDY OF THE AXOLOTL MUTANT

Anyone who has suffered the misfortune of an amputation, and others with the imagination to conceive of such a horrible loss, might wish humans shared the famed ability of the Mexican axolotl (Ambystoma mexicanum) to regenerate their limbs. The axolotl is a species of salamander (lizard-like amphibians) originally found in …

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