OBC creamy layer judgment: Centre seeks exemption for 2025 and 2026 civil service examination recruitments
The Union government has petitioned the [Supreme Court of India] to not apply its March 11 judgment on determining the **creamy layer** for [Other Backward Classes] (OBCs) retrospectively. The court had ruled that excluding children of PSU or private sector employees from reservation based solely on income, without considering the equivalence of their posts to government groups (A, B, C, D), is discriminatory.
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Must ReadNSA Doval, Wang Yi hold border talks in Beijing
National Security Advisor Ajit Doval met with Chinese Foreign Minister Wang Yi in Beijing for the 25th Round of the Special Representatives (SR) talks, a mechanism established in 2003 to address the 3,488 km India-China boundary dispute. This meeting, which included a discussion with Chinese Vice-President Han Zheng, emphasized enhancing strategic mutual trust and strengthening peace in border areas.
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Must ReadUPI completes 10 years of digital payments, sees 13,000-fold surge in transaction volume, 4,000-fold rise in value
The [Unified Payments Interface] (UPI), developed by the [National Payments Corporation of India] (NPCI), has completed 10 years of operation, transforming India's digital payment landscape. Launched in 2016, UPI has seen phenomenal growth, with transaction volumes surging 13,000-fold and values increasing 4,000-fold over the decade.
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Must ReadEAM Jaishankar holds talks with Russian counterpart Lavrov on bilateral, global issues
External Affairs Minister S. Jaishankar held comprehensive talks with Russian Foreign Minister Sergey Lavrov in Moscow, focusing on bilateral cooperation and global issues including the situations in Ukraine, Iran, and Afghanistan.
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Must ReadSEBI’s ITRI — a global test for India’s future-ready financial architecture | Explained
The [Securities and Exchange Board of India] (SEBI) has introduced the IT Resilience Index (ITRI), a quantitative scorecard to measure the technological robustness of Market Infrastructure Institutions (MIIs) like stock exchanges and depositories. This shifts regulatory oversight from pure compliance to a measurable resilience framework, assessing MIIs' ability to handle cyber threats and operational shocks in India's highly digitalized capital markets.
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Must ReadGovt. approves transfer of DRDO developed missile tech to Indian defence industry
The [Ministry of Defence] has approved a major policy shift allowing the [Defence Research and Development Organisation] ([DRDO]) to transfer technology for all conventional missile systems to the Indian private defence industry. This move aims to transition missile development from state-run research facilities to industrial-scale production by domestic private players, including Micro, Small, and Medium Enterprises ([MSMEs]).
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Must ReadIndia may face China’s problem before it reaches the Dragon's wealth
The Registrar General of India's [Sample Registration System (SRS)] Statistical Report 2024 reveals India's Total Fertility Rate (TFR) has declined to 1.9, falling below the replacement level of 2.1. This demographic shift raises concerns about whether India might face an aging population crisis, similar to China, before achieving high per capita income levels.
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Must ReadLabour rights beyond the shadow of BWSSB
The Supreme Court recently delivered a judgment regarding a reference questioning the 1978 [Bangalore Water Supply and Sewerage Board (BWSSB)] case, which established a broad definition of 'industry' under the [Industrial Disputes Act, 1947]. The reference was rendered largely academic due to the repeal of the [Industrial Disputes Act, 1947] and its replacement by the [Industrial Relations Code, 2020].
Must ReadInvisible actors: On bulk applications, voter name deletion
The [Election Commission of India (ECI)] has received allegations of fraudulent bulk filings of Form 7 to delete eligible voters from the electoral rolls during its Special Intensive Revision (SIR). Opposition parties claim coordinated efforts to manipulate voter lists in states like Rajasthan, Gujarat, and Uttar Pradesh, prompting calls for stricter verification protocols and a standardized operating procedure to protect voting rights.
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Must ReadRBI’s great dollar haul: Where are the $73 billion going?
The [Reserve Bank of India (RBI)] has successfully mobilized approximately $73 billion in foreign exchange inflows, primarily through the [Foreign Currency Non-Resident (Bank) or FCNR(B)] deposit scheme. Despite this massive influx of dollars, the Indian Rupee has not significantly appreciated against the US Dollar.
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