Daily Current Affairs – 1 February, 2022

In News Recently, India and the United Kingdom concluded the first round of discussion for the ambitious Free Trade Agreement (FTA).  About The discussion was conducted over two weeks and included 32 sessions that dealt with 26 policy areas, The discussion spanned over the topics: Customs and trade facilitation,  sanitary and phytosanitary measures,  technical barriers […]

In News Neglected tropical disease day is observed every year on 30th January. It was declared in the 74th World Health Assembly (2021). The proposal to recognise the day was floated by the United Arab Emirates. It was adopted unanimously by the delegates. About Definition: NTDs is an umbrella term that refers to 20 medically […]

In Context The Economic Survey 2021-22 has called for a standardised framework for Cross-Border insolvency as the Insolvency & Bankruptcy Code (IBC). Need The IBC currently does not allow for automatic recognition of any insolvency proceedings in other countries.  The present provisions lead to uncertainty of outcomes of claims for creditors, debtors and other stakeholders […]

In News Recently, the Supreme Court collegium has recommended the elevation of Madras High Court Acting Chief Justice (ACJ) Munishwar Nath Bhandari as its Chief Justice. He would take oath after the issuance of a Presidential notification. Constitutional Provisions for Appointment of Judges Judges of the Supreme Court and High Courts are appointed by the […]

In News  Recently, the Union Minister for Finance & Corporate Affairs presented the Economic Survey 2021-22 in the Parliament.  What is the Economic Survey? It is an annual document prepared by the Department of Economic Affairs, the Ministry of Finance under the guidance of the Chief Economic Advisor. It is regarded as the official report […]