Report of Internal Working Group of the RBI Why in News A recent report by an Internal Working Group of the Reserve Bank of India has attracted a lot of attention as well as criticism. The IWG was constituted to “review extant ownership guidelines and corporate structure for Indian private sector banks” and submitted its …
UMANG goes International Why in News? UMANG’s international version launched during Online Conference organised to mark 3 years of UMANG. Key partners of UMANG Employee Provident Fund Organization, Employee State Insurance Corporation, Ministries of External Affairs, Health, NPPA, DAR&PG, Education, Agriculture, Animal Husbandry, Staff Selection Commission (SSC). Countries Includes USA, UK, Canada, Australia, UAE, Netherlands, …
What Is the Kafala System? Introduction The kafala system is a legal framework defining the relationship between migrant workers and their employers in Jordan, Lebanon, and all Arab Gulf states but Iraq. It was created to supply cheap, plentiful labor in an era of booming economic growth, and its defenders argue that it benefits local …
G20 Summit India will host the G20 summit in 2023. G20 meetings in Italy in 2021, Indonesia in 2022, India in 2023 and Brazil in 2024. G20 leaders’ final declaration In the G20 Riyadh Summit Leaders Declaration issued at the conclusion of the conference of the world’s top 20 economies. While the global economy experienced …
India’s Import of Crude Oil Will Reduce In Coming Years In the normal sugar season, about 320 LMT of sugar is produced against domestic consumption of 260 LMT. To deal with surplus stocks of sugar, sugar-mills are being encouraged by the Government to export sugar, for which Government has been extending financial assistance. However, India …
Global Climate Agreements: Successes and Failures Introduction Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world could soon face devastating consequences of climate change. Through the Kyoto Protocol and the Paris Agreement, countries agreed to reduce greenhouse gas emissions, but the amount of carbon dioxide …
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India-Luxembourg Virtual Summit The Prime Minister of India, and the Prime Minister of the Grand Duchy of Luxembourg, H.E. Mr. Xavier Bettel, held the first-ever India-Luxembourg Virtual Summit. The two Prime Ministers underlined the excellent relations between India and Luxembourg based on shared principles and values of democracy, freedom, rule of law, and respect for …
Deemed Forests Recently Karnataka Forest Minister announced in the Assembly that the state government would soon declassify 6.64 lakh hectares of the 9.94 lakh hectares of deemed forests in the state (nearly 67%) and hand it over to Revenue authorities. The issue of deemed forests is a contentious one in Karnataka, with legislators across party …