Concept : The Prevention of Money Laundering Act (PMLA), enacted by the Indian government, targets money laundering and associated financial offenses. Enacted in 2002, the PMLA aims to prevent and control money laundering activities and confiscate proceeds of crime derived from illicit activities. Key Provisions: Offences and Penalties: The PMLA …
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TABLE OF CONTENTS News Concept Types of Exchange-Traded Currency Derivatives Currency Options News: The Reserve Bank of India (RBI) Thursday deferred the implementation of norms on exchange-traded currency derivatives (ETCDs) linked to Indian rupee until May 3 following concerns by investors. Concept : Derivatives are financial instruments whose value is …
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M.A. Khader alleges bid to centralise education sector The proposal in the draft National Education Policy (NEP) 2019 of the Narendra Modi government to develop “national textbooks” may take away the freedom and autonomy of States, M.A. Khader, former head, Curriculum group, National Council for Educational Research and Training (NCERT), …
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Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs