Indus Water Treaty: India’s Notice to Pakistan
India announced on 25 Jan 2023 that it wants to modify the 62-year-old Indus Water Treaty (IWT) with Pakistan, citing what it called Pakistan’s “intransigence” in resolving disputes over the Kishenganga and Ratle hydropower projects, both in Jammu and Kashmir. India also protested Pakistan’s “unilateral” decision to approach a court of arbitration at The Hague.
Hindenburg Report on stocks of Adani Group of Companies
Hindenburg Research LLC was founded by Nathan (Nate) Anderson, 38, is an American short seller, has published critical research and analyses of alleged corporate fraud that have triggered investigations and regulatory action.
What is GDP?
GDP stands for “Gross Domestic Product” and represents the total monetary value of all final goods and services produced (and sold on the market) within a country during a period of time (typically 1 year). GDP is the most commonly used measure of economic activity. The modern concept was developed by the American economist Simon…
GARNISHEE ORDER & ITS FEATURES
Garnishee Order is an order passed by an executing court directing or ordering a garnishee not to pay money to judgment debtor since the latter is indebted to the garnisher (decree holder).
Amalgamation of Public Sector Banks
Why in news? Government has approved the amalgamation of ten Public Sector Banks (PSBs). At present, India has 18 state-owned banks compared with 27 in 2017. After the merger, the number will further come down to 12. Benefits of Bank Consolidation Cost benefits as larger banks offer better economies of scale, efficiency, cost of funding,…