The Supreme Court quashed a 2021 Office Memorandum (OM) granting ex post facto environmental clearances to infrastructure projects.
About
The 2021 Office Memorandum (OM) allowed retrospective approval for projects that had already commenced construction without environment clearances (ECs).
The court held that ex-post facto ECs cannot be created through an OM, but recognised that the government may, in exceptional circumstances and in public interest, provide such a mechanism through a statutory notification issued under delegated legislative powers.
PM-Vidyalaxmi is supporting equitable higher education by providing collateral-free education loans and interest assistance.
PM-Vidyalaxmi
It is a Central Government Scheme approved in November 2024 for providing collateral-free, guarantor-free education loan to meritorious students admitted in designated Quality Higher Education Institutions (QHEIs).
The Reserve Bank of India (RBI) Governor has stated that the Indian rupee is undervalued in both nominal and Real Effective Exchange Rate (REER) terms.
About
The RBI Governor stated that the RBI does not target any specific exchange rate but intervenes in the foreign exchange market only to contain excessive volatility and maintain orderly market conditions.
Recently, IRDAI has approved a set of reforms by the IRDAI aimed at modernising the insurance industry, strengthening governance, enhancing protection to policyholders and speeding up insurance penetration.
Background
The insurance industry is a vital part of the economy, helping to provide financial security, mobilising long-term savings and contributing to economic growth.
To realise the objective of ‘Insurance for All by 2047’, IRDAI has brought in regulatory and supervisory changes to make the sector more transparent, efficient and investor-friendly while maintaining enhanced protection for the policyholders.
India is close to completing the process of theaterisation, bringing Army, Navy and Air Force into joint theatre commands.
Theaterisation
It refers to integrating the command structures of the Army, the Air Force, and the Navy to optimise decision making and resource utilisation during wars and operations,
It involves unifying the resources of all three branches under a single commander for seamless coordination.
