Amendments to PMLA rules and its impact on ‘politically exposed persons’, NGOs

GS Paper 3 Syllabus: Money laundering-related issues   Source: IE Context: The Finance Ministry has amended the Prevention of Money Laundering Act (PMLA) and rules in line with the recommendations of the FATF – the global money laundering and terrorist financing watchdog.   Background: The government has been struggling to deal with the pandemic-era upsurge …

Sri Lanka’s recovery | The significance of India’s support

GS Paper 2 Syllabus: International Relations   Source: TH Context: Sri Lankan President announced that the country had cleared the last hurdles to be approved for a $2.9 billion bailout from the IMF.   Background: The country has been reeling from the covid crisis, economic mismanagement by the Rajapakse regime, mounting debts → soaring inflation …

Women’s Reservation Bill: History, politics behind long-pending law

GS Paper 2 Syllabus: Social justice (Issues related to women)   Source: IE Context: Bharat Rashtra Samithi (BRS) leader K Kavitha began a day-long hunger strike in New Delhi, demanding passage of the Women’s Reservation Bill (WRB).     Women’s Reservation Bill (WRB) The Bill will reserve one-third of the total number of seats in …