Linking of Credit Cards with UPI

Linking of Credit Cards with UPI Q What is the context  ? The RBI has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI). Integrating Credit Cards to UPI The integration will first begin with the indigenous RuPay credit cards. Both the RuPay network and UPI are managed by the

Intellectual Property Rights

Intellectual Property Rights Q What is the context  ? The US Trade Representative (USTR) said in a report released last month that India was one of the most challenging major economies as far as IP protection and enforcement is concerned. US has decided to retain India on its Priority Watch List along with six other

FATF and Pakistan’s position on its ‘Grey List’

FATF and Pakistan’s position on its ‘Grey List’ Q Why is it in News ?  Pakistan which continues to face an economic crunch from the Financial Action Task Force (FATF), is hoping for some respite in the form of its removal from the FATF’s ‘grey list’. Q What is the FATF?  The FATF is an

Indo-Pacific Economic Framework

Indo-Pacific Economic Framework Q What is the context  ? A The official launch of the Biden Administration’s Indo-Pacific Economic Framework (IPEF), the US’s de facto foreign economic policy for Asia, has been lauded and welcomed. Q What is Indo-Pacific Economic Framework ? A  Seen as a means to counter China in the region, it is a U.S.-led

Anti-Defection Law

Anti-Defection Law Q Why is it in News ?  Vice-President M. Venkaiah Naidu said that there was a need to amend the anti-defection legislation in the country to plug existing loopholes. Q What did Vice President  notice now? Stating that there was no clarity in the law about the time frame for the action of

Sri Lanka’s aggravating Economic Crisis

Sri Lanka’s aggravating Economic Crisis Why is it in News ?  Sri Lanka’s economic crisis is aggravating rapidly, putting citizens through enormous hardship. Q What are the reasons for the Crisis ?  The first wave of the pandemic in 2020 offered early and sure signs of distress. In-migration: Thousands of Sri Lankan labourers in West Asian

Textile Industry in India

What is the context  ? South Asia became a major player in the global textiles and clothing market with the onset of the third wave of global production. What is status of textile industry in Bangladesh ? Bangladesh overtook India in exports in the past decade as Indian labour costs resulted in products becoming 20% more expensive.

Everything about Death Penalty

Death Penalty Q. Why is this in news ? On April 22, a Bench of the Supreme Court of India, led by Justice U.U. Lalit, decided to critically examine the routine and abrupt way in which trial judges often impose the death penalty on convicts. Q. What is Individualistic approach? The challenge before the Court in

Everything about Jute Industry

Jute Industry Q. Why is this in news?  West Bengal is experiencing a crisis that has led to the closure of several Jute Mills. Q. What is the Issue? High Rate of Procurement by Mills: Mills are procuring raw jute at prices higher than what they are selling them at after processing. Mills do not acquire their


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