Reading Time: 3 mins Recently, an inter-ministerial committee on the regulation of the payments system in India has submitted its report to the finance ministry. However, the RBI has opposed its proposal to establish a separate and independent regulator for the payments sector in India.
Reading Time: 5 mins The Inter-governmental Panel on Climate Change (IPCC) has recently released a special report on the measures the world requires to take to prevent global average temperatures from increasing beyond 1.5 degree C compared to pre-industrial times.
Reading Time: 4 mins In August 2018, Delhi High Court decriminalized beggary by striking down some sections of the Bombay Prevention of Beggary Act, 1959, as extended to Delhi. Begging is a crime in twenty states and two union territories of India. It is treated as a cognizable and non-bailable offense. Presently, there is not a single uniform law on begging & destitution and several states have adopted the Bombay Prevention of Begging Act, 1959.
Reading Time: 4 mins Recently a private company in Chengdu, China has announced its plans to put a “fake moon” or illumination satellite into space by 2020 in order to brighten the night sky replacing streetlights and lower electricity costs. The fake moon will be 8 eight times brighter than the moon which is a cause of concern.
Reading Time: 3 mins If the twentieth century brought the Internet as a decentralized domain, the twenty-first century is noted by the fight over the control of data. Data localization is the collection, processing, and storage of all data within the national boundaries, which is gaining momentum in India.
Reading Time: 3 mins Supreme Court ordered a total ban on the sale and registration of Bharat Stage IV (BS-IV) vehicles in India from April 1, 2020 onwards.
Reading Time: 5 mins The Zika virus has hit Jaipur, Rajasthan and it has the risk of spreading to other areas as well. With the number of cases rising steadily, the central government has sent an Indian Council of Medical Research (ICMR) Team to Rajasthan to intensify vector control measures. Notably, a broad range of initiatives are being taken by authorities to control Zika, however, they are being viewed as a delayed response to an epidemic.
Reading Time: 4 mins The Infrastructure Leasing and Financial Services (IL&FS) crisis exposes the weakness in India’s financial regulatory architecture. It highlights the need for suitable reforms in regulatory mechanisms since the consequences are widespread.