LOK SABHA SUSPENDS 7 MPS FOR REST OF BUDGET SESSION

Focus: GS-II Governance Why in news? The Lok Sabha on 5th March 2020 suspended seven MPs for the remaining period of the Budget session for ‘gross misconduct and utter disregard’ for House rules after papers from the Speaker’s table were snatched by the MPs. What can be the reason for suspending an MP? The general […]

YES BANK PLACED UNDER MORATORIUM BY RBI TILL APRIL 3

Focus: GS-III Indian Economy, Prelims Why in news? The government has put private sector lender Yes Bank under moratorium till April 3 and capped deposit withdrawal at ₹50,000 after severe deterioration of the bank’s financial position. The decision was taken by the government after an application from Reserve Bank of India (RBI). Why was it […]

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