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Daily Current Affairs – 14 January, 2026

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    Section 17A of Prevention of Corruption Act

    Context

  • The Supreme Court delivered a split verdict on the legality of a provision in an anti-corruption law which mandates prior sanction before prosecuting public servants.

    • About

  • Justice B.V. Nagarathna concluded that Section 17A of the Prevention of Corruption Act 1988 was plainly unconstitutional, while Justice K.V. Viswanathan said that sanction must be decided by an independent authority like the Lok Pal or the Lok Ayukta.
  • The section 17A of Prevention of Corruption Act has barred the agencies from probing corruption charges against government officials without the Centre’s permission. 
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    38th India-France Strategic Dialogue

    Context

  • India and France reaffirmed their strategic partnership during the 38th India-France Strategic Dialogue, co-chaired by National Security Adviser and Diplomatic Adviser to the French President.

    • About

  • India and France discussed ongoing bilateral initiatives spanning the domains of security, defence, technology, space, and civil nuclear cooperation.
  • Opportunities were explored for joint-development and collaboration in the spirit of Make in India and Atmanirbhar Bharat.
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    Delay in Constituting Arbitration Council of India

    Context

  • The Union Government has not yet constituted the Arbitration Council of India (ACI) despite amendments to the Arbitration and Conciliation Act in 2019.

    • What is the Arbitration Council of India (ACI)?

  • The ACI was proposed under the Arbitration and Conciliation (Amendment) Act, 2019. It is mandated to regulate and promote institutional arbitration in India.
  • Its key functions include:
  • Grading arbitration institutions.
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    RBI Proposes Reopening Licensing Window for Urban Co-operative Banks

    Context

  • Recently,  the Reserve Bank of India (RBI) has proposed reopening the licensing window for Urban Co-operative Banks (UCBs) after two decades of halt.

    • About the Urban Co-operative Banks (UCBs)

  • They are co-operative societies that engage in banking activities, including accepting deposits and lending money, mainly to members of the co-operative and the general public within urban and semi-urban areas.
  • UCBs are member-owned, operating on the principle of ‘one member, one vote’, regardless of the amount of share capital held, unlike commercial banks, which operate as joint-stock companies.
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    News In Short 14-01-2026

    Context

  • A fire has been raging near the Valley of Flowers forcing the Forest Department to seek the help of the Air Force.

    • About Valley of Flowers

  • It is situated in the Chamoli district of Uttarakhand inside the Valley of Flowers National Park, which is part of the Nanda Devi Biosphere Reserve. 
  • It is called the Valley of Flowers because the entire valley comes alive with thousands of blooming flowers during the monsoon. 
  • It was declared a National Park in 1982. In 2005, it was declared a UNESCO World Heritage Site because of its unmatched beauty and unique alpine ecosystem. 
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