Today's Headlines

Today's Headlines - 30 April 2024

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What Election Commission can do if the normal polling process is disrupted

GS Paper II

News Excerpt:

The Election Commission of India (EC), under Sections 58(2) and 58A(2) of the Representation of People Act, 1951 (RPA), recently declared the polls in 11 polling stations in Manipur and 8 polling stations in Arunachal Pradesh void.

FIU notifies fresh money laundering, terror financing reporting alerts for capital markets

GS Paper III

News Excerpt: 

A fresh set of ‘alert indicators’ have been issued by India’s financial intelligence unit (FIU) for capital markets, insurance companies, online payment gateway intermediaries and crypto currency service providers for effective checking of suspicious transactions in their channels as part of the anti-money laundering and counter-terrorism financing regime.

Also in News

Telecom Patent Fund

News Excerpt:

The Department of Telecommunications (DoT) is working on instituting a Telecom Patent Fund (TPF) in a bid to bolster innovation and support indigenous technology development.

Pakistan’s new Hangor class submarines

News Excerpt:

The first Hangor class submarine, built by China for Pakistan, was launched at a Wuhan shipyard in China.

Hingol National Park

News Excerpt:

In southwestern Pakistan's Hingol National Park, Hindu pilgrims ascend steep mud volcanoes to reach the ancient cave temple of Hinglaj Mata during the Hinglaj Yatra.

Towards a Green Growth: On the RBI and a Green Taxonomy

News Excerpt:

A notable feature of the Reserve Bank of India’s (RBI’s) latest Monetary Policy Report is the primacy given to “extreme weather events” and “climate shocks,” which affect not only food inflation but also likely have a broader impact on the natural rate of interest, thereby influencing the economy’s financial stability.

Interchange fees for transactions

News Excerpt: 

To increase the adoption of credit on the United Payments Interface (UPI), the National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions. 

G7 countries agree to end use of coal power by 2035

News Excerpt:

Energy ministers from the Group of Seven (G7) industrialised nations have reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels.

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