UPSC Daily Important Topic

• Real founder of the Portuguese power in the East. • His Policy was of dominating entire oriental commerce by setting up forts in strategic places in Asia and Africa supplemented by a strong navy. • Introduced permit system for other ships and control over shipbuilding areas. • Albuquerque acquired Goa from the Sultan of […]

•The Members of Parliament Local Area Development Scheme (MPLADS) is a program first launched during the Narasimha Rao Government in 1993. •It is a Central Sector Scheme fully funded by the Government of India. •It was aimed towards providing funds for developmental works recommended by individual MPs. •The MPs then were entitled to recommend works

• The Road Transport and Highways Ministry announced this scheme so that taking a road crash victim to the hospital is not just hassle-free but there is also the incentive of a reward and recognition. • Historically, Indians are reluctant in taking victims to hospitals because of associated legal processes and investigations that follow. •

✓ CHARTER ACT 1833 •It made the Governor-General of Bengal as the Governor-General of India and vested in him all civil and military powers. • It deprived the governors of Bombay and Madras of their legislative powers. • It ended the activities of the East India Company as a commercial body, which became a purely

✓ REGULATING ACT 1773. • Governor of Bengal will now be Governor-General of Bengal. • Created an Executive Council of 4 members to assist him. •First Governor-General was Warren Hastings. •Establishment of Supreme court in Calcutta. Comprising 1 CJI and 3 other Judges. •Prohibited the Servants from engaging in any  Private Trades and taking Bribes

• Mutual funds, first of all came in the money market (regulated by the RBI), but they have the freedom to operate in the capital market, too. •This is why they have the provision of dual regulator—the RBI and SEBI. • Mutual funds are compulsorily registered with the Securities and Exchange Board of India (SEBI),

MUTUAL FUND [PART 1] • Of all investment options, mutual funds are touted to be the best tool for wealth creation over the long term. • They are of several types, and the risk varies with the kind of asset classes these funds invest in. • As the name suggests, a mutual fund is a fund

1. 24th AMENDMENT OF CONSTITUTION. • The Parliament reacted to the Supreme Court’s judgement in the Golak Nath case (1967) by enacting the 24th Amendment Act (1971). This Act amended Articles 13 and 368. • It declared that the Parliament has the power to abridge or take away any of the Fundamental Rights under Article

1.  Shankari Prasad case (1951) • The constitutional validity of the First Amendment Act (1951), which curtailed the right to property, was challenged. • The Supreme Court ruled that the power of the Parliament to amend the Constitution under Article 368 also includes the power to amend Fundamental Rights. 2.  Golak Nath case (1967) •