{"id":81271,"date":"2026-08-11T18:41:32","date_gmt":"2026-08-11T13:11:32","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=81271"},"modified":"2026-08-11T18:41:58","modified_gmt":"2026-08-11T13:11:58","slug":"news-in-short-11-08-2026","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/11-08-2026\/news-in-short-11-08-2026","title":{"rendered":"News In Short 11-08-2026"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\">RBI\u2019s New Loan Recovery Rules<\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Economy&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-left\"><strong>In News<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Reserve Bank of India (RBI) has issued a <strong>comprehensive set of rules governing how commercial banks<\/strong> recover unpaid loans, significantly revising the conduct expected from banks and outsourced recovery agents.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About RBI\u2019s New Loan Recovery Rules<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is designed to r<strong>egulate loan recovery practices <\/strong>and shield borrowers from harassment, while allowing banks to recover genuine dues.\n<ul class=\"wp-block-list\">\n<li>It will start on January 1, 2027.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>It also introduces <strong>India\u2019s first detailed regulatory framework <\/strong>for technology-based restrictions on mobile phones financed through bank loans.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"d7d1c8\" data-has-transparency=\"false\" style=\"--dominant-color: #d7d1c8;\" loading=\"lazy\" decoding=\"async\" width=\"424\" height=\"272\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image.webp\" alt=\"\" class=\"not-transparent wp-image-81272\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image.webp 424w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image-300x192.webp 300w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Provisions&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No device locking: <\/strong>Banks cannot remotely lock or restrict borrowers&#8217; mobile phones, tablets or laptops to recover dues, unless the loan was specifically taken to finance that device.<\/li>\n\n\n\n<li><strong>No harassment:<\/strong> Recovery agents shall not abuse, threaten, intimidate, publicly shame or personally attack borrowers.<\/li>\n\n\n\n<li><strong>Privacy Protection:<\/strong> Banks\/recovery agents cannot use a borrower\u2019s contacts, photos, messages, call records or location data for recovery.<\/li>\n\n\n\n<li><strong>Data sharing is limited <\/strong>to recovery agents or employees to the degree necessary for <strong>debt recovery.<\/strong><\/li>\n\n\n\n<li>EMIs and unpaid debt and interest not waived by rules; Borrowers still accountable.\u00a0<\/li>\n\n\n\n<li>Defaults still affect<strong> legal and credit score implications.<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Goals&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The objective is to make the debt recovery procedure fair, transparent and regulated, and not through harassment, threats or abuse of technology and personal data.<\/li>\n<\/ul>\n\n\n\n<p>Source:<a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/rbi-loan-recovery-rules-phone-lock-borrower-rights-10821867\/\" rel=\"nofollow noopener\" target=\"_blank\">IE<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">10 Years of Government e-Marketplace<\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/Governance<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Government e Marketplace (GeM)<\/strong> completed <strong>ten years<\/strong> of operations on 9 August 2026.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Government e-Marketplace<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GeM is a one stop portal <strong>to facilitate online procurement <\/strong>of <strong>common use Goods &amp; Services<\/strong> required by various <strong>Government Departments \/ Organizations \/ PSUs.\u00a0<\/strong><\/li>\n\n\n\n<li>It was launched in <strong>2016<\/strong>, and is operated by the <strong>GeM SPV (Special Purpose Vehicle)<\/strong>, a <strong>100% government-owned company<\/strong> under the <strong>Ministry of Commerce and Industry.<\/strong><\/li>\n\n\n\n<li>The purchases through GeM by Government users have been authorized and made <strong>mandatory by the Ministry of Finance <\/strong>in <strong>2017.<\/strong><\/li>\n\n\n\n<li><strong>Core Principles of GeM:<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"accce3\" data-has-transparency=\"false\" style=\"--dominant-color: #accce3;\" loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"199\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image-91.png\" alt=\"\" class=\"not-transparent wp-image-81273\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image-91.png 662w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2026\/08\/image-91-300x90.png 300w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><strong>Performance of GeM<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The platform has facilitated a cumulative<strong> Gross Merchandise Value (GMV) of over \u20b920 lakh crore <\/strong>through more than 3.78 crore orders.\n<ul class=\"wp-block-list\">\n<li>The platform took<strong> more than eight years to achieve its first \u20b910 lakh crore in cumulative GMV, <\/strong>the next \u20b910 lakh crore milestone was reached in<strong> less than two years.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Participation: <\/strong>The number of profile-completed sellers has increased from 3,339 to 25.45 lakh, while primary buyer organisations have grown from 1,707 to 1.37 lakh.\u00a0<\/li>\n\n\n\n<li><strong>GeM now digitises the entire public procurement lifecycle<\/strong> and deploys Artificial Intelligence (AI) and Machine Learning (ML) tools to identify suspected cartelisation, collusion and order splitting.\u00a0<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2296138&amp;reg=3&amp;lang=1\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">National Youth Parliament Scheme Web Portal<\/h2>\n\n\n\n<p><strong>Syllabus: GS2\/Governance<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Ministry of Parliamentary Affairs has launched an <strong>upgraded version of the National Youth Parliament Scheme web portal, known as NYPS 2.0.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The National Youth Parliament Scheme (NYPS) is an initiative of the <strong>Ministry of Parliamentary Affairs.<\/strong><\/li>\n\n\n\n<li>It is aimed at <strong>promoting democratic values, parliamentary practices, and constitutional awareness<\/strong> among young people.\u00a0<\/li>\n\n\n\n<li>Unlike the previous version, which was limited to students of recognized institutions only, <strong>NYPS 2.0 is open to all educational institutions, groups and citizens across the country.<\/strong><\/li>\n\n\n\n<li><strong>Web Portal: <\/strong>The Ministry of Parliamentary Affairs launched the web portal of the NYPS in <strong>2019.<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Aim:<\/strong> To expand the outreach of the Youth Parliament Programme of the Ministry to all the recognized educational institutions of the country.<\/li>\n\n\n\n<li><strong>NYPS 2.0 has been introduced so that all the citizens of the country can participate on the portal through<\/strong>: Institution Participation; Group Participation and Individual Participation.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2297008&amp;reg=48&amp;lang=1\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\">Modified Mix Seal Surfacing Plus (MSS+)<\/h2>\n\n\n\n<p><strong>Syllabus: GS3\/Science and Technology\/Environment&nbsp;<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>In News<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CSIR-Central Road Research Institute (CSIR-CRRI) showcased its indigenous<strong> Modified Mix Seal Surfacing Plus (MSS+) Technology <\/strong>to the Rajasthan Government, highlighting its potential for <strong>sustainable and cost-effective road construction and maintenance.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Modified Mix Seal Surfacing Plus (MSS+)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is a <strong>low-emission technology<\/strong> for sustainable road construction and maintenance<\/li>\n\n\n\n<li>It is developed indigenously by the <strong>CSIR-Central Road Research Institute (CRRI), New Delhi.<\/strong><\/li>\n\n\n\n<li>It offers a cost-effective, durable, and environmentally friendly alternative to conventional hot mix asphalt using a custom bitumen emulsion.<\/li>\n\n\n\n<li>It <strong>eliminates the need for pre-heating of aggregates and binders.<\/strong> This drastically reduces carbon emissions and overall building costs.\u00a0<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Instances of Usage&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MSS+ has already been proven successful with excellent field performance on more than 100 kilometres of roads in Uttar Pradesh.\u00a0<\/li>\n\n\n\n<li>It is now being demonstrated to the Government of Rajasthan in Jaipur and is gaining momentum as a critical solution for climate-resilient, sustainable road infrastructure across the country.<\/li>\n<\/ul>\n\n\n\n<p>Source: <a href=\"https:\/\/www.pib.gov.in\/PressReleaseDetail.aspx?PRID=2296561&amp;reg=22&amp;lang=1\" rel=\"nofollow noopener\" target=\"_blank\">PIB<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><strong>2026 Dirac Medal<\/strong><\/h2>\n\n\n\n<p><strong>Syllabus: Miscellaneous<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Context<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Indian physicist Deepak Dhar has been honored with the <strong>2026 Dirac Medal<\/strong> for his remarkable contributions to the realm of <strong>statistical mechanics.<\/strong>\n<ul class=\"wp-block-list\">\n<li>Dhar shares the award with Bernard Derrida, Marc M\u00e9zard and Haim Sompolinsky.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>About Dirac Medal<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Dirac Medal is awarded annually by the International Centre for Theoretical Physics (ICTP) in honour of physicist <strong>Paul Dirac<\/strong>. The medalists also receive a prize of <strong>US$5,000<\/strong>.<\/li>\n\n\n\n<li>Instituted in <strong>1985<\/strong>, the award has over the years been associated with several prominent figures in theoretical physics, including <strong>Stephen Hawking<\/strong>.<\/li>\n\n\n\n<li>The Dirac Medal is <strong>not awarded to Nobel Laureates<\/strong>, Fields Medallists, or Wolf Foundation Prize winners, although many Dirac Medallists have proceeded to win these prestigious prizes.<\/li>\n<\/ul>\n\n\n\n<p><strong>Source:<\/strong> <a href=\"https:\/\/economictimes.indiatimes.com\/news\/new-updates\/who-is-deepak-dhar-indian-physicist-who-worked-with-richard-feynman-wins-dirac-medal-previously-won-by-stephen-hawking\/articleshow\/133104500.cms?from=mdr\" rel=\"nofollow noopener\" target=\"_blank\">ET<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong><br \/>\nIn News<\/p>\n<p><\/strong><\/p>\n<li class=\"ms-5\">\nThe Reserve Bank of India (RBI) has issued a comprehensive set of rules governing how commercial banks recover unpaid loans, significantly revising the conduct expected from banks and outsourced recovery agents.<\/p>\n<\/li>\n<p><\/p>\n<p><strong><\/p>\n<p>About RBI\u2019s New Loan Recovery Rules<\/p>\n<p><\/strong><\/p>\n<li class=\"ms-5\"\t>\n<p>It is designed to regulate loan recovery practices and shield borrowers from harassment, while allowing banks to recover genuine dues.\n<\/li>\n<li class=\"ms-5\">\n<p>It will start on January 1, 2027.<\/p>\n<\/li>\n<p><a href=\" https:\/\/www.nextias.com\/ca\/current-affairs\/11-08-2026\/news-in-short-11-08-2026 \" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-81271","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/81271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=81271"}],"version-history":[{"count":2,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/81271\/revisions"}],"predecessor-version":[{"id":81275,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/81271\/revisions\/81275"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=81271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=81271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=81271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}