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Nov272017 by albindiaNo Comments

HINDU NOTES-November 27 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE Why don’t you trust PM, Law Minister asks judiciary News In sharp criticism of the National Judicial Appointments Commission (NJAC) judgment which revived the Supreme Court collegium. Beyond News Article 124A of the Constitution, the Law Minister was an ex officio member of the NJAC and the Prime Minister was part of the three-member panel which nominated the two eminent persons to the NJAC. It was meant to give the political class an equal say in judicial appointments to the Supreme Court and the High Courts. Chief Justice of India Dipak Misra responded to Mr. Prasad by pointedly saying that the judiciary reposed as much trust in a popularly elected PM as the…

Nov252017 by albindiaNo Comments

HINDU NOTES-November 25 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE India, Sri Lanka to expedite projects News Expediting decisions on joint projects and “solving the problems that have emerged” was at the top of the agenda as Sri Lankan Prime Minister Ranil Wickremesinghe met Prime Minister Narendra Modi, External Affairs Minister and President during his two-day visit to Delhi. Beyond News Among the projects discussed in particular were the plans for India to develop the Trincomalee harbour, including the Oil Tank farms project, as well as the Indian bid to lease and manage the Mattala airport in Hambantota. The emphasis on speeding up joint ventures comes after months where there is no movement on many of the pending decisions on joint ventures. The…

Nov242017 by albindiaNo Comments

HINDU NOTES-November 24 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE President signs bankruptcy ordinance News President Ram Nath Kovind on Thursday gave his assent to the ordinance approved by the Union Cabinet to amend the Insolvency and Bankruptcy Code (IBC) to strengthen the regime. Beyond News The ordinance aims at putting in place safeguards by prohibiting wilful defaulters, those associated with non-performing assets (NPAs), and the habitually non-compliant, from regaining control of the defaulting company or stressed assets through the back door in the garb of being a ‘resolution applicant’. The amendments also provide for fine ranging from Rs. 1 lakh to Rs. 2 crore for those violating these norms. According to the statement, a new section has been introduced in the IBC…

Nov232017 by albindiaNo Comments

HINDU NOTES-November 23 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE Bankruptcy code to be amended News The Union Cabinet approved a proposal to promulgate an Ordinance to amend the Insolvency and Bankruptcy Code (IBC). Beyond News The move is to strengthen the IBC by explicitly preventing certain persons including wilful defaulters, disqualified directors, those who have indulged in fraudulent transactions as well as promoters whose account is classified as non-performing assets (NPA) beyond a prescribed duration from regaining control of the defaulting company through the backdoor in the garb of a resolution applicant. The IBC provides for an effective and robust legal framework for “time-bound insolvency resolution to release assets locked up in NPA and promote maximisation of value of assets, failing which,…

Nov222017 by albindiaNo Comments

HINDU NOTES-November 22 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE India pulls off a diplomatic coup, wins prized ICJ seat News India scored a major diplomatic victory as its nominee to the International Court of Justice (ICJ) Dalveer Bhandari was re-elected after the United Kingdom withdrew its candidate Christopher Greenwood. Why its important? This is the first time in over seven decades of the United Nations, that the U.K. will not be represented in the ICJ; and this is the first time that one of the five permanent members of the UN Security Council lost out to an ordinary member in a race. This is also the first time that one sitting member of the ICJ lost out to another sitting member. Beyond…

Nov212017 by albindiaNo Comments

HINDU NOTES-November 21 2017 [UPSC Current affairs]

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Hindu Notes from General Studies-02 Editorials are covered separately. HINDU NOTES are available free date wise| CLICK HERE ‘Leakage of Aadhaar data dangerous for country’ News: Unique Identification Authority of India, in response to a report based on a RTI reply stating that 210 government websites had made Aadhaar data public, said that Aadhaar data was completely safe and secure. Beyond News: West Bengal Chief Minister Mamata Banerjee criticised the Centre for the alleged leakage of data of some Aadhaar beneficiaries on more than 200 Central and State government websites and described it as “dangerous” for the individual, society and the country. China condemns Kovind’s trip News: China on Monday strongly objected to President Ram Nath Kovind’s visit to Arunachal Pradesh, saying India should refrain from “complicating” the border dispute when…