GS-III

Package for sugar mills cleared

Cabinet clears Rs. 5,538-crore proposal that includes higher production aid to ryots For the fourth time in the last five months, the Centre has approved incentives to help the cash-starved sugar mills clear thousands of crore in arrears of payment to cane farmers. On Wednesday, the Cabinet Committee on Economic …

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Centre hikes import duty on select goods

The government on Wednesday released a list of 19 categories of items on which it would be hiking import duties, which include white goods such as air-conditioners, refrigerators and washing machines as well as non-essential items such as gems, travel bags and aviation turbine fuel (ATF). The new rates will …

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‘Biggest bird’ dispute put to rest

Scientists said on Wednesday that they have finally solved the riddle of the world’s largest bird. A study released on Wednesday by British scientists suggested that one species of elephant bird was even larger than previously thought, with a specimen weighing an estimated 860 kg — about the same as …

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Is it brakes on account opening?

It is the only digitally-available document for opening accounts online The Supreme Court ruling on Wednesday that Aadhaar is not mandatory for opening bank accounts could affect online opening of accounts. The State Bank of India, Axis Bank and Kotak Mahindra Bank are among the banks that allow opening of …

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Validation of UID principles: Nilekani

Infosys chairman Nandan Nilekani, who was the first Chairman of the Unique Identification Authority of India, has said that the landmark judgment was in favour of the unique identification programme. “More than just opining on the constitutionality of the Act, the Supreme Court has unequivocally validated the founding principles for …

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Record kharif foodgrains production expected

Agriculture Minister pegs output at 141.59 million tonnes India’s foodgrains production is estimated at a record 141.59 million tonnes (MT) in the kharif season of 2018-19 crop year, Agriculture Minister Radha Mohan Singh said on Wednesday. The country had produced 140.73 MT foodgrains in the kharif season of 2017-18 crop …

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A blow to private entities

The partial striking down of Section 57 of the Aadhaar Act, which allows private entities to use Aadhaar for authentication of a person’s identity, comes as a great blow to corporate entities. Section 57 has been one of the most watched areas in the Aadhaar litigation before a Constitution Bench …

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Boost to SC/ST quota in promotions

A Constitution Bench of the Supreme Court on Wednesday modified a 2006 judgment requiring the State to show quantifiable data to prove the “backwardness” of a Scheduled Caste/Scheduled Tribe community in order to provide quota in promotion in public employment. The 58-page judgment by a five-judge Bench led by Chief …

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Deleting biometric data is difficult

Majority judgment in Aadhaar case silent on erasing Though the majority opinion in the Aadhaar verdict is silent on deleting biometric data already collected by phone companies, Justice D.Y. Chandrachud’s direction to do so will open a Pandora’s box, if implemented. The Constitution Bench on Wednesday was unanimous in declaring …

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Rock band sets protest tune atop a palm oil tank

Greenpeace activists on Tuesday scaled storage tanks at an Indonesian palm oil refinery along with a popular rock band which played pro-environment songs, protesting against a commodity found in everything from soap to biscuits. The green group said 30 activists and Indonesian metal group Boomerang had been “occupying” the site …

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Apex court wants government to fill SAT vacancies quickly

The Supreme Court wants the government to quickly fill the vacancies at the Securities Appellate Tribunal (SAT), which is an important appellate body for filing appeals against orders passed by the capital market, insurance and pension regulators. While hearing an appeal filed by Quantum Securities, the apex court highlighted the …

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Liquidity crisis hits NBFC stocks hard

Concerns related to IL&FS has made investors turn wary of the whole sector The recent sell-off in the shares of non-banking financial companies (NBFCs) and housing finance companies (HFCs) has been so severe that some of the sector constituents are currently trading at a discount of over 50% when compared …

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