Recently, the government introduced the Bharatiya Nyaya Sanhita, 2023, reforming three penal Bills in the Lok Sabha, to improve the Indian justice system. However they also need to ensure effective implementation of it.
About the Bill
Key points in the Bill
The amendments made under IPC are as follows:
Need for changes
An official invitation from President Droupadi Murmu to G-20 guests where Indian President was described as the “President of Bharat” has triggered speculation that the central government could officially change the name of “India” to “Bharat”.
Debate around ‘Bharat’ or ‘India’:
History of names denoting today’s India:
Arguments in favour of Bharat:
Arguments against the use of term ‘Bharat’:
Do they can be used interchangeably?
Who has the powers to change the names?
Recently, a few commercial banks, including State Bank of India, Bank of Baroda, IDFC First Bank among others, have introduced UPI interoperability on their digital rupee application.
What is interoperability?
What is UPI QR code-CBDC interoperability?
UPI is directly linked to a customer’s account.
How will it benefit customers and merchants?
UPI and Benefits:
During a recent interview, the Prime Minister underscored the need for fiscal discipline for state governments, which essentially refers to governments spending within their means.
How should state government finances be judged?
They analysed data for 27 states on four different counts:
Status of India’s states in finances:
How state government manages their finances?
Recently, the Mizoram Assembly unanimously rejected the Forest (Conservation) Amendment Act, 2023, which permits forest land use near international borders without prior clearance, citing concerns for their people's rights and interests of Northeast.
What are the Key Provisions of the Forest (Conservation) Amendment Bill 2023?
Forest land in Northeast:
What are the limitations of forest laws in Northeast India?
Prime Minister is going to Indonesia to attend the 20th ASEAN-India Summit and 18th East Asia Summit.
Candidates of age group 18-45 years belonging to any of the following categories can apply for the training programme under PM-DAKSH:
SEBI plans to reduce trade settlement time from T+1 to just one hour for faster transactions.
About One-hour trade settlement:
Benefits of One-hour trade settlement:
The Supreme Court heard the rejoinder arguments of senior advocates on the concluding day of the hearing on constitutional challenges against Article 370, which went on for 16 days.
Supreme Court's Decision
Issues Discussed in Court
Ensuring Constitutional Interpretation
RBI should carefully examine data on digital currencies to determine the way forward.
Global Trend in CBDC Development
RBI's CBDC Initiatives and Their Impact
Benefits and Caution Surrounding CBDCs
As India grows into a higher-income nation with more organized businesses, the government will earn more money, so it must spend it wisely.
Expanding Taxpayer Base and Lower Tax Rates
Impact of Tax Cuts on Revenue
Fiscal Foundations Strengthening
Recent floods in northern India raised alarms. This is an indication that Infrastructure development and needs in the hills cannot be the same as in the plains.
Concerns over Himalayan Region
Sustainable Development Challenges
Verifying, please be patient.