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Entrance Web page
With allies additionally cautious, Govt. decides to ship Waqf Invoice to Home panel
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-II: Authorities insurance policies and interventions, Structure
What’s the continued story- With the Opposition vehemently opposing The Waqf (Modification) Invoice and its personal allies cautious concerning the widespread adjustments proposed by it, the federal government Thursday despatched the laws to a Joint Committee of Parliament.
Conditions:
— What’s Waqf?
— Why has the federal government launched the Waqf Invoice?
— How is the liberty of faith protected by the Structure?
— What are the Parliamentary Committees?
Key takeaways:
— The Waqf (Modification) Invoice proposes a number of key adjustments, together with permitting a non-Muslim chief government officer and no less than two non-Muslim members to be appointed by the state authorities to the Waqf Boards on the state stage. Additionally it is proposed to carry the district collector because the arbiter on whether or not a property is Waqf property or authorities land.
— The Waqf (Modification) Invoice, which renames the Waqf Act, 1995, because the Unified Waqf Administration, Empowerment, Effectivity and Growth Act, 1995, states that within the wake of suggestions of varied committees together with the Rajinder Sachar Committee and the Joint Parliamentary Committee on Waqf Council, it has develop into “essential” to amend the Act “to beat shortcomings and to reinforce the effectivity of the administration and administration of Waqf properties.
— Opposition MPs, nonetheless, mentioned the Invoice violates Article 25 and 26, in addition to 14 (equality earlier than regulation) and 15.
From Defined
— A Waqf is private property given by Muslims for a particular goal — spiritual, charitable, or for personal functions. Whereas the beneficiaries of the property may be totally different, the possession of the property is implied to be with God.
— Waqf properties in India are ruled by the Waqf Act, 1995. Nonetheless, India has had a authorized regime for the governance of Waqfs since 1913, when the Muslim Waqf Validating Act got here into power…
— A Waqf property is managed by a mutawalli (caretaker), who acts as a superviser. Waqf properties are managed in a manner that’s just like how properties underneath Trusts are managed underneath the Indian Trusts Act, 1882.
— The Waqf Act states that any dispute associated to Waqf properties can be determined by a Waqf Tribunal…
— A Waqf Board is a physique underneath the state authorities, which works as a custodian for Waqf properties throughout the state. In most states, there are separate Waqf Boards for the Shia and Sunni communities…
Learn Extra UPSC Key | eighth August, 2024 – Waqf Invoice
For Your Info:
— As per PRS Legislative Analysis, solely 16% of the Payments within the seventeenth Lok Sabha and 25% of the Payments within the sixteenth Lok Sabha had been referred to committees for detailed scrutiny.
— The figures had been a lot larger within the two UPA governments between 2004 to 2014. Within the 14th Lok Sabha, that’s throughout the Manmohan Singh authorities’s first time period, 60% Payments had been referred to committees. Within the fifteenth Lok Sabha, the time period of UPA 2, 71% Payments had been referred to committees for scrutiny.
— Within the seventeenth Lok Sabha, or the second Modi authorities, 4 Payments had been referred to a joint committee of Parliament. The Surrogacy (Regulation) Invoice was referred to a Rajya Sabha Choose Committee.
— Parliamentary Committees function microcosms of Parliament and are constituted for the aim of detailed scrutiny by members when a problem requires targeted consideration of a smaller physique serving as a mini-Parliament.
— The committees has members of various events. Every occasion is represented within the specific committee roughly in proportion to its illustration in Parliament.
— Standing Committees cope with a topic and are everlasting, whereas there are advert hoc committees which are constituted for a particular goal.
Factors to Ponder:
— What are the importance and limitations of the Parliamentary Committees?
— What are the arguments in favour and in opposition to the Waqf Invoice?
— What had been the suggestions of the Justice Rajinder Sachar Committee?
Publish Learn Query:
(1) The Justice Rajinder Sachar Committee (2006) is related to which of the next?
(a) Welfare of Muslims in India
(b) Railway restructuring
(c) Centre-State relations
(d) To determine ceiling charges underneath the responsibility reimbursement scheme for exporters
Different Necessary Articles Masking the identical subject:
Waqf (Modification) Invoice referred to joint Home panel after Opposition digs in heels
As Waqf Invoice is referred to a joint committee of Parliament, what different draft legal guidelines have lately been despatched to comparable panels
Can’t ignore meals inflation pressures: Das differs from Survey concept
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-II, III: Authorities insurance policies and interventions, Financial system
What’s the continued story- Within the Financial Survey for 2023-24, its creator Chief Financial Advisor V Anantha Nageswaran made a case for excluding meals costs from headline inflation, since meals costs had been protecting the CPI-based (Client Value Index) inflation excessive and delaying a reduce in rates of interest by the Reserve Financial institution of India. However RBI Governor Shaktikanta Das differed Thursday and mentioned meals inflation pressures can’t be ignored given the excessive share of meals within the consumption basket.
Conditions:
— What’s headline inflation?
— What’s the Repo charge?
— What’s the core inflation?
— What’s the Client Value Index (CPI)?
— What’s the Financial Coverage Committee (MPC)?
Key takeaways:
— “With the excessive share of meals within the consumption basket, meals inflation pressures can’t be ignored,” Governor Das mentioned after the RBI’s Financial Coverage Committee (MPC) left the primary coverage instrument, the Repo charge, unchanged at 6.5 per cent for the ninth consecutive time as “persisting excessive meals inflation” continued to stay a threat.
— Meals inflation, with a weight of round 46 per cent within the client worth index (CPI) basket, contributed to greater than 75 per cent of headline inflation in Could and June.
— Underneath the versatile inflation-targeting regime, the RBI has to take care of CPI within the 2-6 per cent vary. It has set a goal to carry down inflation to 4 per cent on a sturdy foundation. Headline
— Das mentioned the home financial exercise continues to be resilient. Home development is holding up effectively on the again of regular city consumption and bettering rural consumption, coupled with sturdy funding demand.
— On the demand facet, family consumption is supported by a turnaround in rural demand and regular discretionary spending in city areas, he mentioned.
For Your Info:
The Concepts Web page
— Rajani Sinha writes: “Meals inflation is influenced by climatic components and is past the management of the central financial institution. Nonetheless, it can’t ignore meals inflation because it has a powerful bearing on family inflationary expectations, which in flip can feed into precise inflation. That is what makes RBI’s future coverage unsure and sophisticated.”
— “Curiously, the most recent Financial Survey prompt that the MPC ought to take into account concentrating on CPI inflation excluding meals costs. The share of meals and beverage in India’s CPI basket is way larger than developed international locations (15 per cent within the US and 20 per cent within the EU) and even rising economies like Brazil, China and South Africa (weight ranges between 20-25 per cent).”
— “It’s comparatively simpler for developed international locations to have an inflation-targeting financial coverage given the low share of meals within the inflation basket, however it’s difficult for India. It is because meals costs are unstable and influenced by climate situations, making it difficult to have financial coverage focused round CPI inflation (together with meals). Financial coverage typically impacts demand-side components and is considerably ineffective in controlling supply-driven meals inflation.”
— “Going ahead, the RBI will proceed to look at developments in inflation. The route of meals inflation would have a powerful bearing on RBI’s future coverage choices. It’s essential for the RBI to evaluate what a part of meals inflation may very well be transient.”
Factors to Ponder:
— How is meals inflation impacting the general well being of the economic system?
— What are the explanations for meals inflation?
— What’s the position of RBI in controlling inflation?
— What’s the Present Account Deficit?
— How does a reduce within the repo charge affect inflation within the economic system?
Publish Learn Query:
Prelims
(2) In India, which one of many following is answerable for sustaining worth stability by controlling inflation? (UPSC CSE 2022)
(a) Division of Client Affairs
(b) Expenditure Administration Fee
(c) Monetary Stability and Growth Council
(d) Reserve Financial institution of India
Mains
Do you agree with the view that regular GDP development and low inflation have left the Indian economic system in fine condition? Give causes in help of your arguments. (UPSC CSE 2019)
Different Necessary Articles Masking the identical subject:
RBI’s rates of interest stay unchanged. However meals inflation will information coverage path
The cussed meals inflation downside
In Parliament
Funds authorised: Rajya Sabha returns appropriation and finance Payments to Lok Sabha
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-II: Polity, Structure
What’s the continued story- Parliamentary approval for the 2024-25 Funds was accomplished Thursday with Rajya Sabha returning the related items of laws to Lok Sabha.
Rajya Sabha returned the appropriation and finance Payments for 2024-2025 after Finance Minister Nirmala Sitharaman responded to the Opposition’s assault that the Funds was anti-middle class, saying the federal government had diminished the burden on the center class.
Conditions:
— What’s the finance Invoice?
— What’s the appropriation invoice?
— What’s the distinction between the Finance Invoice and the Appropriation Invoice?
Key takeaways:
— Replying to the dialogue on the three Payments, the Finance Minister mentioned the efficient capital expenditure this 12 months could be `15.02 lakh crore, a rise of 18% from 2023-2024. She mentioned the growing capital expenditure since 2020 had a bearing on personal funding, consumption and exports.
— She mentioned the federal government has simplified taxation.
— “In contrast with very many developed economies, which have really elevated the tax charges, regardless of the stress from Covid occasions, we have now really diminished the burden on the center class considerably,” the Minister mentioned.
For Your Info:
— The Union Funds is extra technically known as the Annual Monetary Assertion. Any finances basically offers three huge particulars.
— One, the full sum of money that the federal government will elevate within the coming 12 months; that is known as the full receipts.
— Two, the full sum of money it is going to spend; that is known as the full expenditure.
— Three, the full sum of money it is going to borrow from the market to plug the hole between what it spends and what it earns; that is known as the fiscal deficit.
Factors to Ponder:
— How Funds is handed within the Parliament?
— What are the important thing highlights of the Union Funds 2024?
— What are the assorted elements of the Union Funds?
Publish Learn Query:
Prelims
(3) Which of the next is/are included within the capital finances of the Authorities of India? (UPSC CSE 2016)
1. Expenditure on acquisition of belongings like roads, buildings, equipment, and so forth.
2. Loans acquired from international governments
3. Loans and advances granted to the States and Union Territories
Choose the proper reply utilizing the code given beneath.
(a) 1 solely
(b) 2 and three solely
(c) 1 and three solely
(d) 1, 2 and three
Mains
Distinguish between Capital Funds and Income Funds. Clarify the elements of each these Budgets. (UPSC CSE 2021)
Different Necessary Articles Masking the identical subject:
ExplainSpeaking: The nuts and bolts of a Union Funds
Union Funds 2024 : Key highlights for UPSC Prelims and Mains examination
Defined
Govt’s proposed curbs on impartial on-line content material creators
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-II: Authorities insurance policies and interventions
What’s the continued story- The Ministry of Info and Broadcasting has proposed introducing onerous rules on impartial creators of stories occasions on platforms like YouTube, Instagram and X – sparking considerations over freedom of speech and expression and the federal government’s powers to control it.
Conditions:
— How has the liberty of speech and expression been protected by the Structure?
— What’s the Info Know-how Act?
— What’s excessive (OTT)?
— Why does the federal government wish to management impartial content material creators?
Key takeaways:
— The ministry is known to have expanded its remit from OTT content material and digital information to incorporate social media accounts and on-line video creators in comparison with a model of the draft regulation which was launched publicly in November 2023.
— Within the 2023 model of the draft, the Invoice outlined information and present affairs programmes as: “(i)newly-received or noteworthy audio, visible or audio-visual programmes or stay programmes… or (ii) any programmes transmitted or retransmitted on broadcasting community, the place the context, goal, import and that means of such programmes implies so.”
— Nonetheless, within the 2024 draft has a brand new class known as “digital information broadcaster” or “writer of stories and present affairs content material” has been created, and outlined as “any one who broadcasts information and present affairs programme…
— It’s value noting that the Invoice particularly contains particular person creators within the definition of digital information broadcasters, in contrast to the definition within the Info Know-how Guidelines, 2021 that particularly excludes particular person customers.
— Now, if a creator is categorised as a digital information broadcaster, they need to ‘intimate’ the MIB about their work and existence. They may even should type a number of content material analysis committees at their very own expense.
— The penalty to not appoint such a committee is hefty underneath the present draft…
— A senior authorities official mentioned one key motive behind the numerous growth of scope within the present draft Invoice in comparison with the model which was launched for public session in November 2023 has been the “position quite a few impartial content material creators performed within the run-up to the 2024 Lok Sabha polls”.
— The draft says that on-line intermediaries like Fb, YouTube, and X are exempted from legal responsibility for third-party content material…
— The Invoice additionally has prison legal responsibility provisions for social media corporations if they don’t present info “pertaining to OTT Broadcasters and Digital Information Broadcasters” on its platforms for compliance.
— In Singapore, each conventional broadcasters, and excessive (OTT) content material suppliers fall underneath the nation’s broadcasting regulation… In the USA, the Federal Communications Fee (FCC) and its Media Bureau regulate broadcast radio and tv stations. At the moment, OTT platforms usually are not straight regulated by United States federal legal guidelines or authorities authorities.
For Your Info:
— Regulating content material on the web presents inherent challenges because of the international, decentralised nature of the online. In contrast to conventional media, the web hosts a far better variety of creators and influencers, there may be much more content material being generated, and the dissemination of this content material transcends nationwide boundaries, making jurisdictional enforcement complicated and infrequently impractical. Makes an attempt to impose stringent rules — what MIB appears to be doing by way of the present Invoice — can result in severe penalties.
— If the federal government is anxious about faux information or dangerous/deceptive content material, different mechanisms have to be leveraged, just like the IT Act 2000, which already offers for a flagging and takedown regime.
— The draft Broadcasting Invoice, 2024 wants a severe rethink. On the minimal, it requires thorough deliberation and dialogue with a broad and various vary of stakeholders earlier than it’s made into regulation. This laws isn’t nearly a number of corporations and media shops — it’s about the way forward for the web and the digital residents on it.
Factors to Ponder:
— What’s the criticism of the draft Broadcasting Invoice, 2024?
— What are the arguments in favour of the Invoice?
— How to attract a steadiness between people content material creator and to make sure equality in broadcasting?
Publish Learn Query:
(4) In India, it’s legally obligatory for which of the next to report on cyber safety incidents? (UPSC CSE 2017)
1. Service suppliers
2. Information centres
3. Physique company
Choose the proper reply utilizing the code given beneath:
(a) 1 solely
(b) 1 and a pair of solely
(c) 3 solely
(d) 1, 2 and three
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Massive Brother is binge-watching: How proposed regulation might censor on-line content material
What’s inflicting Antarctica’s deep-winter heatwave, what may very well be its fallout?
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-III: Setting
What’s the continued story- For the second time in two years, a record-breaking heatwave is sweeping by way of Antarctica on the peak of its winter season. Floor temperatures have been 10 levels Celsius larger than regular on common since mid-July, and as much as 28 levels larger on sure days.
Conditions:
— What’s the polar vortex?
— What’s the significance of the Antarctic Ice Sheet?
— What’s the international ocean circulation system?
Key takeaways:
— In components of East Antarctica, the comparatively higher-elevation swathe that makes up two-thirds of the world’s coldest continent, temperatures are presently within the vary of minus 25 levels to minus 30 levels Celsius. Deep-winter temperatures right here normally fluctuate between minus 50 levels and minus 60 levels Celsius.
— Scientists imagine that the upper temperatures are primarily a consequence of the weakening of the polar vortex, the band of chilly air and low stress methods that spins across the poles of the Earth within the stratosphere.
— The vortex normally stays sturdy and secure throughout winter within the southern hemisphere — protecting chilly air trapped over Antarctica and never letting scorching air are available in — but it surely has been disturbed this 12 months by large-scale atmospheric waves (periodic disturbances within the fields of atmospheric variables).
— On account of this, the vortex launched trapped chilly air, and opened the door for hotter air to enter the area. As this hotter air travelled downwards from the higher environment, it prompted a rise in temperatures.
— A number of different components — together with the discount of the extent of the Antarctic sea ice — is also at play.
— In June, the extent of Antarctic sea ice was the second-lowest ever for that point of 12 months… Sea ice performs an important position in protecting temperatures down within the polar areas, as its vivid, white floor displays extra daylight (photo voltaic vitality) again to area than liquid water.
— Based on a 2023 examine printed within the journal Nature Local weather Change, the continent is probably going warming at a charge of 0.22 levels Celsius to 0.32 levels Celsius per decade — virtually twice as quick as the remainder of the world.
— The Intergovernmental Panel on Local weather Change (IPCC), the United Nations physique that advances scientific data about local weather change, has estimated that the Earth as an entire is warming on the charge of 0.14-0.18 levels Celsius per decade.
— Antarctica’s scorching winter will doubtless result in additional losses of the Antarctic Ice Sheet (the world’s different main ice sheet is the Greenland Ice Sheet) that may doubtlessly elevate international sea ranges by tons of of toes.
— The Antarctic Ice Sheet, a glacier protecting 98% of the Antarctic continent, holds greater than 60% of the world’s whole freshwater. If completely melted, it could actually submerge coastal cities and reshape the world’s map.
— A sea stage rise of only some toes will displace the roughly 230 million individuals who stay inside about 3 toes of the excessive tide line at this time, in accordance with a report by the environmental organisation Antarctic and Southern Ocean Coalition.
— Rising temperatures may even affect the worldwide ocean circulation system, which regulates local weather by storing and transporting warmth, carbon, vitamins, and freshwater world wide. A 2023 examine printed within the journal Nature confirmed that the melting ice in Antarctica is slowing down this circulation.
Factors to Ponder:
— How local weather change is impacting the polar vortex?
— What steps have to be taken to regulate local weather change?
— What are the initiatives taken by India in Antarctica’s Context?
— What could be the affect of the melting of the Antarctic Ice sheet on India?
Publish Learn Query:
The Intergovernmental Panel on Local weather Change (IPCC) has predicted a worldwide sea stage rise of about one meter by AD 2100. What could be its affect in India and the opposite international locations within the Indian Ocean area? (UPSC CSE 2023)
Different Necessary Articles Masking the identical subject:
Rising Antarctic ice soften will dramatically sluggish international ocean flows, examine says: Why this issues
The Concepts Web page
Doing effectively on well-being
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-II: Authorities insurance policies and interventions
What’s the continued story- Shamika Ravi writes: Evaluation of unit-level knowledge from the Family Consumption Expenditure Survey (HCES 2022-23) has revealed a dramatic decline within the incidence of poverty since 2011-12. As essential as this can be, I want to transcend the dialogue of poverty and deal with households’ vulnerability to hostile shocks, notably for the underside 50 per cent of the inhabitants.
Conditions:
— What are the explanations for poverty in India?
— What’s the out-of-pocket expenditure?
— What’s the Ayushman Bharat Yojana?
Key takeaways:
— “We try to beat this problem by shocks to households within the type of medical expenditure. Though most households sometimes incur some type of medical spending in a given 12 months, some households are uncovered to bigger medical shocks within the type of hospitalisation…”
— “As said earlier, the emphasis of this evaluation is on the underside 50 per cent inhabitants the place the proportion of households that incurred hospitalisation expenditure elevated from 17 per cent in 2011-12 to 22 per cent in 2022-23. This contains a rise from 18 per cent to 23 per cent for rural households and from 16 per cent to twenty per cent for city households.”
— “This displays a major enchancment in accessibility to healthcare for the poorest 50 per cent inhabitants throughout rural and concrete areas of India.”
— “Subsequent, we examine the ratio of well being expenditure to the general family expenditure with and with out hospitalisation. The evaluation reveals that for the underside 50 per cent of the households, their well being expenditure with none hospitalisation was 3.3 per cent of their month-to-month family expenditure in 2011-12 which elevated marginally to three.6 per cent in 10 years.”
— “These outcomes spotlight that healthcare that entails vital hospitalisation expenditure is turning into extra reasonably priced for the poorest half of the Indian inhabitants, particularly in rural areas.”
— “The outcomes reveal that among the many poorest half of the inhabitants, 40 per cent of those that skilled hospitalisation confronted a decline of their consumption standing in 2011-12. Nonetheless, by 2022-23, regardless of the rising incidence of hospitalisation, solely 33 per cent of those households confronted a lower of their consumption standing.”
— “So general within the final decade, healthcare has develop into extra accessible and reasonably priced to the underside 50 per cent of the Indian inhabitants. We additionally discover that there’s a vital decline within the odds of households going through a loss in general consumption standing because of the monetary burden related to hospitalisation — which is a powerful measure of vulnerability.”
— “These noteworthy developments are carefully related to public well being insurance policies in India, notably Ayushman Bharat Yojana, which targets the monetary burden of hospitalisation for the poor.”
For Your Info:
— Over six years for the reason that Centre’s flagship medical health insurance scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) was launched in 2018, two-thirds of the full cash spent underneath the scheme every year went to non-public hospitals throughout the nation. This got here from 2.95 crore sufferers — 54% of all beneficiaries until December 2023, an investigation of official data and knowledge obtained underneath the Proper to Info by The Indian Specific reveals.
— The scheme is collectively funded by the Centre and the states within the ratio 60:40 (90:10 within the case of North-East and hilly states). Authorities hospitals account for 58% of all services empanelled.
— In a rustic the place the personal sector anyway accounts for extra hospitalisation instances — 60% in city areas and 52% in rural areas — this development affirms that for a giant part of the inhabitants that was dipping into its financial savings for remedy in personal hospitals, the Ayushman Bharat scheme has considerably diminished their out-of-pocket healthcare spending.
Factors to Ponder:
— What’s the significance of the Ayushman Bharat Scheme?
— What are the schemes launched by the federal government to cut back out-of-pocket medical expenditure?
— What are the schemes launched by the federal government for the welfare of the poor part of society?
— What’s the significance of personal hospitals within the success of the Ayushman Bharat Scheme?
Publish Learn Query:
Prelims
(5) With regards to the Ayushman Bharat Digital Mission, take into account the next statements: (UPSC CSE 2022)
1. Non-public and public hospitals should undertake it.
2. Because it goals to attain common, well being protection, each citizen of India must be a part of it finally.
3. It has seamless portability throughout the nation.
Which of the statements given above is/are right?
(a) 1 and a pair of solely
(b) 3 solely
(c) 1 and three solely
(d) 1, 2 and three
Mains
Acceptable native community-level healthcare intervention is a prerequisite to attain ‘Well being for All’ in India. Clarify. (UPSC CSE 2018)
Different Necessary Articles Masking the identical subject:
Over half of Ayushman Bharat beneficiaries used scheme to entry personal care; 53% sufferers in 5 southern states
5 years of Ayushman Bharat: A protect for the weak
Financial system
RBI to create repository of lending apps
UPSC Syllabus:
Preliminary Examination: Present occasions of nationwide and worldwide significance
Mains Examination: GS-III: Financial system
What’s the continued story- The Reserve Financial institution of India has determined to create a public repository of digital lending apps (DLAs) deployed by the regulated entities (REs) so as to support the purchasers in verifying the declare of DLAs’ affiliation with regulated entities like banks and keep away from unlawful apps.
Conditions:
— What are digital lending apps (DLAs)?
— What are regulated entities (REs)?
— What’s digital lending?
Key takeaways:
— The repository can be based mostly on knowledge submitted by the REs (with none intervention by the RBI) on to the repository and can get up to date as and when the REs report the small print — addition of recent DLAs or deletion of any current DLA. This knowledge can be obtainable on the RBI’s web site, it mentioned.
— The repository will allow debtors in figuring out whether or not the lending app is illegitimate or authorized.
— As per the findings of an RBI Working Group, as many as 600 out of 1100 lending apps obtainable for Indian Android customers throughout 80 software shops are unlawful apps. And because the variety of lending apps grows, this development would spike, since a person downloading a lending app can’t determine if the app is official or not.
— During the last 5 years, hundreds of individuals have fallen prey to predatory mortgage apps within the absence of any rules, even suffered sexual harassment and ended up giving extortion cash to mortgage restoration brokers.
For Your Info:
— The Reserve Financial institution of India has proposed to arrange a Digital Funds Intelligence Platform which can harness superior applied sciences to mitigate fee fraud dangers.
— Home fee frauds jumped by 70.64 per cent to Rs 2,604 crore throughout the six-month interval ended March 2024 from Rs 1,526 crore in the identical interval of final 12 months. The quantity of frauds additionally rose to fifteen.51 lakh throughout the March 2024 interval from 11.5 lakh within the earlier six-month interval, RBI knowledge reveals.
Factors to Ponder:
— What’s the significance of digital lending?
— What are the challenges of digital lending?
— What are the steps taken by RBI to make sure protected digital lending?
Publish Learn Query:
(6) A.P. Hota committee is said with
(a) growing the farmer’s earnings
(b) rise in crime in opposition to girls
(c) concerning digital public infrastructure platform
(d) bettering the standing of irrigation within the rural areas
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RBI plans new digital platform to examine fee fraud dangers
| Reply Key |
| 1. (a) 2. (d) 3. (d) 4. (d) 5. (b) 6. (c) |
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