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Category Archives: 2016-05-MAY

US Backs India for Nuclear Club Entry

As China claimed support from “several members” to block India’s entry into the Nuclear Suppliers Group, USA has come forward to back India’s bid to join the exclusive club of nuclear trading nations.

China made it clear that it will …

India tops Global Slavery Index

According to the 2016 Global Slavery Index, released by Australia-based human rights group Walk Free Foundation, an estimated 45.8 million people, including women and children, are subject to some form of modern slavery in the world, compared to 35.8 million …

SC allows Italian marine to go home

The Supreme Court allowed Salvatore Girone, one of the two Italian marines accused of killing two fishermen off Kerala, to return to Italy after the Centre also endorsed the apex court’s condition that the Italian Ambassador should give an undertaking …

Eatables like bread, buns, etc. contain Class 2B carcinogenic compound

According to a study of Centre for Science and Environment (CSE), 84% of bread and bakery samples collected from across Delhi contain residues of potassium bromate, potassium iodate or both. Potassium bromate is said to be a Class 2B carcinogenic, …

Is Sykes-Picot pact responsible for present Middle East tension?

In its 100th year, Sykes-Picot pact was remembered, not for the brokered peace but for the long term tension that filled every sphere of life in the Middle East. It was actually a pact to satisfy the colonial greed …

Rajya Sabha passes Insolvency and Bankruptcy Code 2016

The bill was passed by the Rajya Sabha on 11th May with voice vote. It got Lok Sabha’s nod last week. It got the support of majority of the parties in both Houses, as government accepted all the amendments …

India-Mauritius sign landmark tax pact, DTAC

India and Mauritius have signed a pact for amendment of convention for Avoidance of Double Taxation and Prevention of Fiscal Evasion. After the amendment, India will get taxation rights on capital gains arising from alienation of shares acquired on or …

RBI denies permission to government to access CRILC

Finance Ministry seeks access to big borrowers’ database, CRILC, (Central Repository of Information on Large Credits) to take proactive steps so that loan disbursement is not stuck. However, RBI denied the access on the ground of privacy.

Government’s logic:

  1. Knowledge

India ranks ninth in crony-capitalism index: The Economist

According to a new study by The Economist, India is ranked at ninth position in crony-capitalism with crony sector wealth accounting for 3.4 per cent of the gross domestic product (GDP). The non-crony sector wealth amounts to 8.3 per cent …

PM Modi launches Pradhan Mantri Ujjwala Yojana at UP’s Ballia

Prime Minister Narendra Modi paid a visit to Uttar Pradesh’s Ballia and launched the ‘Pradhan Mantri Ujjwala Yojana’.

Points to remember about Pradhan Mantri Ujjwala Yojana

  1. AIM: Provide LPG connections to BPL households that will ensure universal coverage of
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