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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UNHRC – Council for Preventing Human Rights Violations
Concept: The UNHRC is a subsidiary body of the United Nations General Assembly (UNGA) responsible for promoting and protecting human rights worldwide. It was established in 2006, replacing the United Nations Commission on Human Rights (UNCHR), with the aim of addressing the shortcomings of its predecessor and enhancing the …
Read More »Exchange Traded Currency Derivatives
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 …
Read More »Securing Our Future: Recognizing the Vital Role of the National Disaster Resource Fund
TABLE OF CONTENTS News Concept of NDRF Key Features of NDRF News: Tamil Nadu on Wednesday filed a suit in the Supreme Court accusing the Union government of treating the people of the State in a “step-motherly” fashion by delaying the release of disaster relief funds of nearly ₹38,000 …
Read More »Promoting Global Security and Peace: The Multifaceted Mandate and Initiatives of UNODA
TABLE OF CONTENTS UNODA Objectives and Functions Key Initiatives and Programs I.UNODA: United Nations Office for Disarmament Affairs • Established in 1982, UNODA serves as the principal United Nations office dealing with disarmament matters. • Mandate includes promoting nuclear disarmament, non-proliferation, and arms control, among other disarmament efforts. • Headquartered …
Read More »India and the Northern Sea Route
Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora. The story so far: Murmansk, popularly called the capital of the Arctic region and the beginning point of the Northern Sea Route (NSR), is witnessing the rising trend of Indian involvement in cargo traffic. In …
Read More »ONLINE SAFETY BILL OF U.K.
During a visit to the U.K. last week, WhatsApp’s head Will Cathcart said that WhatsApp would not comply with the country’s proposed Online Safety Bill (OSB) which will in effect outlaw end-to-end (E2E) encryption. Mr. Cathcart said that it was the first time a “liberal democracy” was attempting to block …
Read More »THE ROLE OF THE U.S. SPEAKER
Following the narrow mid-term election victory of the U.S. Republican Party in the House of Representatives in November, California Congressman Kevin McCarthy waged a relentless campaign to become Speaker of the lower chamber of Congress. Facing a factionalised and conflict-ridden congressional conservative caucus, a record-making 15 voting rounds were conducted …
Read More »‘Cauvery Authority nod must for Mekedatu project’
Water Regulation Committee chief says it will be decided on merit at next meet A no-objection certificate from the Cauvery Water Management Authority (CWMA) is a prerequisite for the construction of a reservoir across the Cauvery at Mekedatu by Karnataka, said Navin Kumar, Chairman, Cauvery Water Regulation Committee and Chief …
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