Daily News Analysis

Inoperative account by RBI

05 Jan,2024 Download Pdf 1 Min Read

A savings or current account is treated as inoperative, if there are no ‘customer induced transactions’ in the account for a period of over 2 years.
A customer induced transaction can be a financial transaction initiated by or done at the
- Behest of the account holder by the bank or third party, or
- A non-financial transaction, or

A KYC (know your customer) updation done in face-to-face physical mode or through digital channels such as internet banking or mobile banking application of the bank.

India-UK Vision 2035

The Indian Prime Minister's visit to London was indeed a significant diplomatic milestone, as it unveiled the India–UK Vision 2035 roadmap and formalized the Comprehensive Economic and T

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Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989

The Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 is a critical piece of legislation designed to protect the rights and dignity of Scheduled Castes (SCs) and Scheduled

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Financial Inclusion Index

The Financial Inclusion Index (FI-Index), as reported by the Reserve Bank of India (RBI), is a key metric that measures the level of financial inclusion across the country. Overview of the Fin

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International Seabed Authority

The International Seabed Authority (ISA) is currently in the midst of negotiations regarding the extraction of metals from the high seas, particularly as U.S. efforts to fast-track this practice h

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Election of Vice-President of India

Article 64 of the Constitution of India specifies that the Vice-President's post cannot remain vacant for any period of time, as it is essential for the functioning of the Rajya Sabha (Council

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Maharashtra Scraps Hindi as Compulsory Third Language

The Maharashtra government recently scrapped its Government Resolutions (GRs) that mandated Hindi as a compulsory third language from Grades 1 to 5 in Marathi and English medium schools. While the

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River Pollution in India

The Delhi government's focus on cleaning up the Yamuna River is part of a larger national effort to rejuvenate the Ganga River and its tributaries, in alignment with the Namami Gange Programme

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Infrastructure Failures

The recent collapse of the Mahisagar River Bridge in Vadodara, which tragically claimed the lives of 20 people, underscores the growing concern over India's infrastructure quality. Similar

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Special Intensive Revision (SIR)

The Supreme Court (SC) is currently reviewing the Election Commission of India’s (ECI) process for the Special Intensive Revision (SIR) of electoral rolls in Bihar, suggesting that Aadhaar,

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GM Crop

In ongoing trade talks, the United States is advocating for India to open its agriculture market to genetically modified (GM) crops. However, India has firmly rejected this proposal, citing concer

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