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NotesCitizenship (Amendment) Act, 2019Reference News:Two years after the Citizenship (Amendment) Act, 2019 (CAA) was passed by Parliament, the Ministry of Home Affairs (MHA) is yet to notify the rules governing the Act. The legislation cannot be implemented without the rules being notified.Background:The C
Publish Date 11, Dec 2021
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Bills to Extend tenure of ED and CBI ChiefsNews:Amid strong objection from the Opposition, the Lok Sabha has passed two Bills allowing the Centre to extend the tenure of the Enforcement Directorate (ED) chief and the CBI Director up to five years from the current fixed tenure of two years.The Bil
Publish Date 11, Dec 2021
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More Cyclones in Arabian SeaReference News:An analysis of past data of cyclones over North Indian Ocean (Bay of Bengal and Arabian Sea) during the period from 1891 to 2020 indicates that:The frequency of “very severe cyclonic storms” has increased in recent years over the Arabian Sea. 
Publish Date 11, Dec 2021
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75 yrs of Constituent Assembly’s 1st sittingReference News:The Constituent Assembly of India had held its first meeting 75 years ago on December 9, 1946.Distinguished people from different parts of India, different backgrounds and even differing ideologies came together with one aim- to give the people of India
Publish Date 11, Dec 2021
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Benchmarking Rates: Alternatives to LIBORWhy in news?The announcement of FCA and the ICE Benchmarking Administration (IBA) about the end dates of London Interbank Offer Rate (LIBOR) has become a challenge from a Transfer Pricing perspective.What is LIBOR?It is a benchmark interest rate at which major global
Publish Date 10, Dec 2021
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High LPG Prices are Scorching the Air Pollution FightWhat is the issue?The sustained rise in the price of LPG cylinders has been a burden in the budget of many households for more than a year now.What is the trend of the price of LPG refills?The price of LPG refills has risen by more than 50% to over Rs. 900 per cylinder in Nove
Publish Date 10, Dec 2021
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PepsiCo patents issueReference News:The Protection of Plant Varieties and Farmers Rights (PPV&FR) Authority has revoked a PVP (Plant Variety Protection) certificate granted to PepsiCo India Holding (PIH) on a potato variety (FL-2027) on various grounds.This included the followi
Publish Date 10, Dec 2021
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Unified payments interface (UPI)Reference News:The UPI facility will soon be extended to feature phone users. At the moment, the Unified payments interface (UPI) — the single largest retail payments system in the country in terms of volume of transactions for small-value payments — is availab
Publish Date 10, Dec 2021
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Nod for Ken-Betwa link projectReference News:The Union Cabinet has approved the funding and implementation of the Ken-Betwa river interlinking project at a cost of ₹44,605 crore at the 2020-21 price level.The Centre would fund ₹39,317 crore for the project, with ₹36,290 crore as a grant and â
Publish Date 10, Dec 2021
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Law Commission of IndiaReference News:The Government has informed the Supreme Court that appointment of the Chairperson and Members of the 22nd Law Commission of India is under consideration.What’s the issue?The 22nd Law Commission was constituted by the Government on Fe
Publish Date 10, Dec 2021
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