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DAILY NEWS ANALYSIS
18 June, 2020
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Insurance regulator IRDA has asked all insurers to transfer the deposits of policyholders that have been laying unclaimed for over 10 years to the Senior citizen’s welfare fund. The corpus of the Senior Citizens Welfare Fund comprises any credit balance in any of the accounts under the small savings like Post Office Saving Schemes, Banks, etc. remaining unclaimed for 7 years from the date of declaration as an inoperative account. The nodal Ministry for the administration of the Fund shall be the Ministry of Social Justice and Empowerment. The Fund shall be utilized for such schemes that are in line with the National Policy on Older Persons and the National Policy on Senior Citizens.
Source: PIB
A year after tensions arising from Operation Sindoor, India and Azerbaijan have taken steps to restore and normalise bilateral relations. The 6th round of Foreign Office Consultations, held in Baku, marked the first such engagement since 2022, signaling renewed diplomatic momentum. Recent Diplomatic Engagement During the consultations, bo
The India–Australia Economic Cooperation and Trade Agreement has completed four years since its signing. Both countries now aim to build on this progress through strengthened collaboration and ambitious targets, including reaching AUD 100 billion in bilateral trade by 2030. What is the India–Australia Economic Cooperation and Tra
A recent report by the Association for Democratic Reforms (ADR) analyses donations of ?20,000 or more declared to the Election Commission of India (ECI) by national political parties for FY 2024–25, highlighting transparency and accountability in political financing. Key Findings Massive Funding Surge Total donations to nationa
Maritime chokepoints are narrow channels along global shipping routes where maritime traffic is concentrated. These points are geopolitically and economically critical, as they handle a large proportion of global trade, especially energy shipments. Current Relevance Over two-thirds of seaborne energy trade passes through a handful o
Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.Iran retaliated through Operation True Promise 4, launching missile attacks against Israel and nearby Gulf states. The escala
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