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Monthly DNA
01 Aug, 2019
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Context
The Bench is examining whether to refer to a Constitution Bench a batch of petitions challenging the validity of a constitutional amendment providing 10% economic quota in government jobs and educational institutions.
Why issue over Quota?
Referring Indra Sawhney case
Issue over economically backward quota
Source: The Hindu
Context
A bill that give the centre the power to set the salaries and service conditions of information commissioners was introduced by the government in Lok Sabha.
What is Right to Information Act (RTI), 2005?
RTI stands for Right To Information and has been given the status of a fundamental right under Article 19(1) of the Constitution Right to Information (RTI) Act 2005 mandates timely response to citizen requests for government information by various Public Authorities under the government of India as well as the State Governments. The law imposes a penalty for wilful default by government officials. Citizens can ask for anything that the government can disclose to Parliament.
The basic object of the Right to Information Act is to:
Achievements of Right to Information Act:
How does Right to Information Act?
Significance of Right to Information Act:
Source: Indian Express
Context
The wheels of India’s multi-year stock market rally are slowly beginning to come off. Since the Union Budget was presented this month, there has been a palpable change in mood among investors, who in June led a mini-rally in the market as signs emerged one after another that the government led by Prime Minister Narendra Modi would be returning to power at the Centre.
Background
Falling stock market
Slowing Growth
Conclusion
Interestingly, many industrialists who were previously enthusiastic cheerleaders for the Narendra Modi government have turned vocal about their disappointment at the government not being bold enough in pushing through structural reforms needed to boost economic growth despite the majority it enjoys in Parliament. This suggests the deep sell-off in stocks over the last 18 months may well be a sign of disappointed investors voting with their feet.
Source: The Hindu
News
The Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of a regulatory sandbox (RS) to promote new, innovative products and processes in the industry.
Regulatory Sandbox
About IRDAI sandbox
Why sandbox is necessary?
Source: Indian Express
News
About Start-Up India Scheme
The action plan of this initiative is based on the following three pillars:
Alternative Investment Funds (AIFs)
Source: Indian Express
Rajasthan First State to Implement Biofuel Policy Theme: Biofuel Policy Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre in May 2018. The desert State will lay emphasis on increasing the production of oils
National Khadi Festival 2018 held in Mumbai The National Khadi Festival 2018 is being organised by Khadi and Village Industries Commission (KVIC) to promote Khadi products. The main objective of the festival is to promote the products of the cottage industry and create awareness regarding th
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