LRS (Liberalised Remittance Scheme) – Key Provisions

LRS (Liberalised Remittance Scheme) – Key Provisions

Consider the following statements regarding the Liberalised Remittance Scheme (LRS): All resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year. The Scheme is also available to corporates and Hindu Undivided Family (HUF). There are no restrictions on the frequency of remittances under the scheme, as long as the … Read more

Telecom Cyber Security Rules 2025: TIUEs & MNV System

Telecom Cyber Security Rules 2025: TIUEs & MNV System

Consider the following statements regarding the Telecommunications (Telecom Cyber Security) Amendment Rules, 2025: A new category called ‘Telecommunication Identifier User Entities (TIUEs)’ has been created. This new category brings platforms like Zomato, PhonePe, and Uber under the same regulatory framework as telecom operators like Airtel and Jio. The rules mandate the establishment of a Mobile … Read more

Indian Judiciary: Judge Appointment, CJI, & Collegium

Indian Judiciary: Judge Appointment, CJI, & Collegium

With reference to the appointment of judges in the Indian judiciary, consider the following statements: The Chief Justice of India (CJI) and other Supreme Court judges are appointed by the President under Article 124(2) of the Constitution. The appointment of the CJI is conventionally based on the seniority principle. The Collegium system, which evolved through … Read more

India’s Cross-Border Payments: Remittances & Initiatives

India’s Cross-Border Payments: Remittances & Initiatives

Consider the following statements about Cross-Border Payments: India was the top recipient of global foreign remittances in 2024. Key challenges in this area include lengthy transaction chains, high costs, and a lack of interoperability between data standards. ‘Project Nexus’ and the linkage of UPI with Singapore’s PayNow are Indian initiatives to improve cross-border payments. Select … Read more

RBI on State Finances: Freebies, Debt, & Fiscal Health

RBI on State Finances: Freebies, Debt, & Fiscal Health

Regarding the concerns raised by the RBI on state government finances, consider the following statements: The RBI warned against excessive pre-election populist spending, often termed “freebies.” This type of spending can lead to higher fiscal deficits, increased public debt, and inflationary pressure. The RBI has recommended that such welfare schemes should have “sunset clauses” to … Read more

Delhi Cloud Seeding: Weather Modification & Silver Iodide

Delhi Cloud Seeding: Weather Modification & Silver Iodide

With reference to Cloud Seeding, recently trialed in Delhi, consider the following statements: It is a weather modification technique that creates new clouds to induce rain. Silver Iodide (AgI) is a common seeding agent used due to its efficient ice nucleating properties. The process involves introducing tiny ice nuclei into existing clouds to improve their … Read more