UPSC Current affairs - Insolvency and Bankruptcy Code (IBC)

Insolvency and Bankruptcy Code (IBC)

Insolvency and Bankruptcy Code (IBC) Context: Comparing outstanding loan amounts with the value realised may not be a ‘reasonable indicator’ to assess the bankruptcy law’s effectiveness, said Reserve Bank Deputy Governor M. Rajeshwar Rao, while seeking to address concerns over deep haircuts that banks had […]

Civil services Current affairs - Widespread Heatwave

Widespread Heatwave

Widespread Heatwave Context: India is facing an unusually long series of heatwaves that began in the end of March and scorched north India for most of April. The India Meteorological Department (IMD) said April was the hottest in northwest India in 122 years. It has […]

IAS Current affairs - FEMA


FEMA Context: The Enforcement Directorate has seized ₹5,551.27 crore from Xiaomi Technology India Private Ltd. under the provisions of the Foreign Exchange Management Act (FEMA), in connection with the alleged illegal remittances made by the company. About FEMA: The Foreign Exchange Management Act of 1999 […]