FOREX RESERVES RISE TO RECORD $476 BILLION
Why in News? The country’s foreign ex Mumbai change reserves swelled by $3.091 billion to a lifetime high of $476.092 billion in the week to February 14, mainly due to a rise in foreign currency assets, according to RBI data The Foreign exchange reserves of India consists of below four categories: Foreign Currency Assets Gold […]
PAKISTAN RETAINED IN FATF’S GREY LIST
Why in news? Pakistan has been retained on the “grey list” of the Financial Action Task Force (FATF) for another four months, with a stern warning from the global watchdog that met in Paris (February 19-21) to complete the 27-point action plan it has been given by June 2020 or face being put on the “black list” […]
ECONOMY NEEDS MORE MONETARY STIMULUS: RBI GOVERNOR
Why in news? Economy needs a further monetary stimulus, thus indicating that the central bank was open to cutting interest rates as Green shoots are visible While the macroeconomy needs further monetary stimulus, the inflation outlook continues to be uncertain Considering the overall evolving growth inflation situation, it would be prudent to continue the focus […]
ARTICLE 371
Why in news? Union Home Minister told that Centre won’t dilute Article 371 Background/details Most of the States that have been accorded special provisions under Article 371 are in the northeast and the special status aims to preserve their tribal culture. Article 371(A) states that no act of Parliament shall apply to the State of […]
SC PASSES INTERIM ORDER ON MAHADAYI TRIBUNAL’S AWARD
Why in news? The Supreme Court passed an interim order allowing an application by the State of Karnataka to notify the Mahadayi Water Dispute Tribunal’s award. The implementation of the award would, however, be subject to the final judgment of the Supreme Court in the civil appeals filed by Karnataka, Goa and Maharashtra, challenging the […]
CAA WILL CAUSE MUSLIMS TO FACE EXCLUSION: U.S. PANEL
Why in news? Days before U.S. President Donald Trump is due in India, the United States Commission on International Religious Freedom (USCIRF) released a fact sheet on the Citizenship (Amendment) Act (CAA). “There are serious concerns that the CAA serves as a protective measure for non-Muslims in case of exclusion from a nationwide National Register […]
ONE IN THREE ADOLESCENTS FACE ONLINE ABUSE, FINDS STUDY BY NGO
Why in news? NGO — Child Rights and You (CRY) — conducted a survey in collaboration with Forum for Learning and Action with Innovation and Rigor (FLAIR). It was conducted among 630 adolescents aged between 13-18 years from eight schools in Delhi NCR More about survey One in every three adolescents exposed to the Internet […]
FOODGRAINS PRODUCTION SET TO TOUCH A RECORD HIGH
Why in news? Total foodgrains production is projected to scale an all-time high of almost 292 million tonnes in 2019-20, propelled by record production of both rice and wheat
KARBIS PROTEST AGAINST ST STATUS FOR HILL BODOS
Why in news? The Bodos, an ethnic group in Assam, had been demanding a separate State since 1972, and are recognised as a Scheduled Tribe (Plain). After the conclusion of the latest Bodo pact, the Karbi Longri and North Cachar Hills Liberation Front (KLNLF), a militant group that signed a ceasefire pact with the Centre […]
PAKISTAN TO REMAIN IN TERROR FINANCING WATCHDOG’S GREY LIST
Why in news? The International Cooperation Review Group (ICRG) of the Financial Action Task Force (FATF) recommended that Pakistan be retained on the ‘Grey List’, given its failure to completely implement the 27 point action plan to check terror financing