RBI panel moots law to regulate digital lending:

GS Paper 3: Topics Covered: Cyber security related issues.   Context: A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps has submitted its recommendations.   Key recommendations: A separate legislation should be enacted to oversee such lending. Setup a nodal agency to vet the Digital …

Centre accepts Cairn’s offer on retrospective tax:

GS Paper 3: Topics Covered: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.   Cairn’s offer on retrospective tax Context: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow …

ASEAN objects as China wants Myanmar junta to join the summit:

GS Paper 2: Topics Covered: Important International institutions, agencies and fora, their structure, mandate.   Context: A Chinese envoy has lobbied Southeast Asian nations to let Myanmar’s military ruler attend a regional summit being hosted by China’s President next week but has met stiff opposition from other leaders.   What’s the issue? Myanmar’s standing as a …

No consensus on limiting the Speaker’s powers:

GS Paper 2: Topics Covered: Indian Constitution- historical underpinnings, evolution, features, amendments, significant provisions and basic structure.   Context: The All-India Presiding Officers’ Conference (AIPOC) ended recently with the delegates failing to reach a consensus on whether the Speaker’s powers under the Anti-Defection Law should be limited. However, the participants reiterated an earlier resolution that there …

Plea in Supreme Court on new Ordinances:

GS Paper 2: Topics Covered: Government policies and issues related.   Supreme Court on new Ordinances Context: Petitions have been filed in the Supreme Court urging the Supreme Court to quash the Ordinances, which allow the Government to extend the tenures of the chiefs of the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) …

Battle of Rezang La:

GS Paper 1: Topics Covered: India and its neighbourhood- relations.   Context: November 18 marks the 59th anniversary of the Battle of Rezang La. A memorial was inaugurated on the occasion.   Where is Rezang La? Rezang La is a mountain pass on the Line of Actual Control in Ladakh. It is located between village …