01 August, 2019
0 Min Read
|GS-II||Too much quota may impact right to equal opportunity Supreme Court .|
|Government introduces Bill to amend RTI Act, opposition protest|
|Regulatory Sandbox||Economic Issues|
|Start Up India Scheme|
GS-II: Too much quota may impact right to equal opportunity Supreme Court
The Bench is examining whether to refer to a Constitution Bench a batch of petitions challenging the validity of a constitutional amendment providing 10% economic quota in government jobs and educational institutions.
Why issue over Quota?
Referring Indra Sawhney case
Issue over economically backward quota
GS-II Paper: Government introduces Bill to amend RTI Act, opposition protest
A bill give centre the power to set the salaries and service conditions of information commissioners was introduced by the government in Lok Sabha.
What is Right to Information Act (RTI), 2005?
RTI stands for Right To Information and has been given the status of a fundamental right under Article 19(1) of the Constitution Right to Information (RTI) Act 2005 mandates timely response to citizen requests for government information by various Public Authorities under the government of India as well as the State Governments. The law imposes a penalty for wilful default by government officials. Citizens can ask for anything that the government can disclose to Parliament.
The basic object of the Right to Information Act is to:
Achievements of Right to Information Act:
How does Right to Information Act?
Significance of Right to Information Act:
GS-III: Flee Market
The wheels of India’s multi-year stock market rally are slowly beginning to come off. Since the Union Budget was presented this month, there has been a palpable change in mood among investors, who in June led a mini-rally in the market as signs emerged one after another that the government led by Prime Minister Narendra Modi would be returning to power at the Centre.
Falling stock market
Interestingly, many industrialists who were previously enthusiastic cheerleaders for the Narendra Modi government have turned vocal about their disappointment at the government not being bold enough in pushing through structural reforms needed to boost economic growth despite the majority it enjoys in Parliament. This suggests the deep sell-off in stocks over the last 18 months may well be a sign of disappointed investors voting with their feet.
GS-III: Regulatory Sandbox
The Insurance Regulatory and Development Authority of India (IRDAI) will soon allow the use of regulatory sandbox (RS) to promote new, innovative products and processes in the industry.
About IRDAI sandbox
Why sandbox is necessary?
GS-III: Start Up India Scheme
About Start-Up India Scheme
The action plan of this initiative is based on the following three pillars:
Alternative Investment Funds (AIFs)
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