Article 35A and the basic structure Article SuhrithParthasarathy an advocate, has talked about connection between Article 35A and basic feature of Indian Constitution. Article 35A: Was added was added into the constitution through presidential order of 1954. Empowers the Jammu and Kashmir state’s legislature to define “permanent residents” of the state and provide special rights… Continue reading Article 35A and the basic structure
Council conundrum News: Odisha calling for national policy on legislative council in states. Important facts: 2. Currently, only 7 states have upper house (legislative council). 3. State cabinet of Odisha has passed the resolution to create 49 member legislative council. 4. Creation of state council involve tedious process. 5. Parliament may by law provide for… Continue reading Council conundrum
Odisha to come up with single revenue code News: Odisha government planning to bring single revenue code. Important facts: 2. Existing law governing land and revenue are unable to meet the requirement. 3. There is no provision for settlement in case of encroachment if it is more than 30 years. 4. A committee to frame… Continue reading Odisha to come up with single revenue code
Powell doctrine News: US central bank chairmen in favor increasing interest rate gradually. Important Facts: 2. According to recent data, the US economy is growing at a strong pace. 3. Unemployment figure touching 20 year low and inflation is close to target of 2 %. 4. Central Bank chief has supported the gradually increase in… Continue reading Powell doctrine
Time for catastrophe bonds? News: The recent floods in Kerala have set off a debate about the need for timely aid required to kickstart the relief process. Important facts: 2. The idea that catastrophe risk could be securitised and that it could be dispersed among a wide number of investors was first mooted after hurricane… Continue reading Time for catastrophe bonds?
What is share buyback? News: With prominent companies such as Infosys, TCS, and L&T having gone for a share buyback, there is low-down on the mechanism and the reason for firms taking such a step. Important facts: 2. A buyback is a mechanism through which a listed company buys back shares from the market. 3.… Continue reading What is share buyback?
Delays plague projects, despite RERA News: The bulk of property locked in delayed projects across India, causing distress among homebuyers. Important facts: 2. The bulk of this property is located in the National Capital Region(NCR) and the Mumbai Metropolitan Region(MMR). 3. As per findings by PropEquity, a real estate analytics company, most units in housing… Continue reading Delays plague projects, despite RERA
New copters to enable tech transfer News: The Defence Ministry will soon release project-specific implementation guidelines for the 111 naval utility helicopters to be procured under the Strategic Partnership (SP) model. Important facts: According to some foreign companies, there is still some clarity required on crucial legal, liability and technology transfer issues like legal. Under… Continue reading New copters to enable tech transfer
Until dams do us part Article: Executive Director, Nityata River Otter Conservancy, highlighted that India’s policy on dams has to be urgently reviewed. Important facts: 2. The tragedy in Kerala has highlighted the damages of excess water accumulation in dams. 3. The opening of the gates of the Idukki dam, caused the Periyar river to… Continue reading Until dams do us part
M.P. seeks revival of cheetah reintroduction project News: The Madhya Pradesh forest department has written to the National Tiger Conservation Authority to revive the plan to reintroduce cheetahs in the State’s Nauradehi sanctuary. Important facts: 2. The forest department would need finances from the Centre for the project. 3. The ambitious project was conceived in… Continue reading M.P. seeks revival of cheetah reintroduction project