The Indian Express | 1 day ago | 23-06-2022 | 02:45 pm
The Supreme Court on Thursday said that a plea seeking a direction to the governments of Maharashtra and Delhi to sack ministers Nawab Malik and Satyendar Jain, who were arrested in connection with separate criminal cases and are in judicial custody, would be listed for hearing after it is placed before the Chief Justice of India.The matter was mentioned for urgent listing before a vacation bench of Justices C T Ravikumar and Sudhanshu Dhulia.Advocate Ashwini Kumar Upadhyay, the petitioner in the matter, has also sought a direction to declare that a minister, who is not only a public servant but also a lawmaker, shall be temporarily barred from holding office after two days of judicial custody like public servants including IAS officers.Upadhyay mentioned the plea for urgent listing claiming that there is “serious violation” of Article 14 (equality before law) of the Constitution.“Did you make a mention before the registrar?” the bench said, adding, “Everyday we are saying please make a mention before the registrar and even then if it is not posted, mention before us.” Upadhyay told the bench that one cabinet minister of Maharashtra is in judicial custody while the other one is a cabinet minister of Delhi who is also in judicial custody.“You have filed it. Make a mention. Most probably it will be posted next week,” the bench said, adding, “….such matters will be posted before the Chief Justice first, then only it will be posted.” The petition has been filed through advocate Ashwani Kumar Dubey.“Alternatively, being custodian of the Constitution, direct the Law Commission of India to examine election laws of developed countries and prepare a comprehensive report to maintain nobility, dignity of ministers, legislators and public servants in spirit of Article 14,” the plea has said.Besides the governments of Delhi and Maharashtra, the plea has made union ministries of Home Affairs and Law and Justice, the Election Commission and the Law Commission as parties.It has sought a direction to the Maharashtra government to sack its cabinet minister Malik, who was arrested on February 23 and is in judicial custody.The petitioner has sought similar direction to the Delhi government to sack Jain, who was arrested by the Enforcement Directorate and is in judicial custody.
Uddhav Thackeray has the support of less than 13 MLAsMumbai: The battle for Shiv Sena's control has moved from the streets to the drawing room, where the legal teams of Chief Minister Uddhav Thackeray and Sena rebel MLA leader Eknath Shinde are working to make a claim as the rightful owner of Maharashtra's ruling party.In the Sena's first tangible move against Mr Shinde, who is camping in Guwahati and claims to have the support of nearly 40 Sena MLAs and 10 others, Maharashtra's Deputy Speaker Narhari Zirwal has accepted Ajay Choudhari as the Sena's Legislature Party leader by replacing Mr Shinde.The Deputy Speaker rejected a suggestion by the Mr Shinde camp to appoint Bharat Gogawala as the Sena's whip.Pressing on his attack, Mr Thackeray has asked the Deputy Speaker to disqualify Mr Shinde and 15 other rebel MLAs, who are camping in a five-star hotel in BJP-ruled Assam.After the Deputy Speaker issued notice to the rebel MLAs on the disqualification plea, two independents rose to defend the Mr Shinde camp by directly going for the Deputy Speaker - they moved a no-confidence motion against the Deputy Speaker Mr Zirwal in a bid to stop the MLAs from being disqualified.Mr Shinde, supported by the rebel MLAs, has said he would go to the Election Commission and claim the Shiv Sena as belonging to them as he has the numbers.The Sena's two allies in Maharashtra - Nationalist Congress Party, or NCP, and the Congress - have said they will stick with Mr Thackeray come what may. Sena leaders have said their party is strongly focused on cadre. While MLAs come and go, the cadre will remain with Mr Thackeray, they said.PromotedListen to the latest songs, only on JioSaavn.com"We're Shiv Sainik and will fight and will win. What they (rebel MLAs) are doing is not legal and politically not feasible. It's not happening for the first time with Shiv Sena. Earlier also it had happened but all in vain. This time also it will not succeed," Sena MP Priyanka Chaturvedi said.The Sena filed to disqualify the rebel MLAs in a last-ditch attempt to save the ruling alliance. Team Thackeray is unlikely to seek more rebel MLAs for disqualification since that would bring the halfway mark down, which would benefit the BJP. Sena's play appears to be to go for disqualifying a few rebels to discourage the rest from facing elections, hence forcing them to return from Assam, where the BJP's north-east election strategist Himanta Biswa Sarma is the Chief Minister.
Congress president Sonia Gandhi Thursday appointed Abhishek Singhvi, the All India Congress Committee (AICC) spokesman, as a member of the Congress Working Committee (CWC), the party’s highest decision-making body, along with a few other names. In an interview with The Indian Express, Singhvi spoke on a range of burning issues. Excerpts:How do you see your elevation as a CWC member?Undoubtedly, it is a matter of great honour, privilege and pleasure. Personally, I see this apex decision-making body of the Congress as representing firstly, geographical diversity, secondly, community diversity, and thirdly, a kind of a brains trust or an in-house think tank. The third element needs to be reinforced and reinvigorated.On the Presidential election, there is a sense that the Opposition lacked imagination. And the Congress, the main Opposition party, simply sat back and let the other parties come up with names and agreed on the name on which there was wider acceptance. Why?I don’t quite agree with this formulation for the reason that firstly, the paramount consideration has to be consensus. There cannot be “ekla chalo” model on the President’s selection. Secondly, Gopal Krishna Gandhi was our choice more than five years ago and was again a front-runner this time. One cannot be blamed if for a variety of reasons he declined gracefully. Yashwant Sinha is a powerful name with rich experience and represents a thinking process about whatever is wrong with the BJP. I do not mean the slightest disrespect to the NDA candidate and she has every right to vigorously campaign and claim the Presidency but that should not detract from the continuous efforts of every segment of the Opposition for the last several days to provide a very respectable ideological opponent.On the ED’s questioning of Rahul Gandhi, the Congress has been attacking the government accusing it of misusing the agency. The party has called the ED’s summoning “illegal”. Then why hasn’t the party approached the court or taken a legal recourse?It’s completely wrong to suggest that “confinement by questioning” or “detention through questioning” for 55 hours over 5 days can be attacked only by going to court. The whole point is that there’s nothing to go to court about. Interminable questioning was intended for harassment, heaping insults and political objectives. Certainly Rahul Gandhi could have sought anticipatory bail but we had resolutely decided not to do so because he was confident in standing up to such intimidation. How can the ED first act perversely and unreasonably and then put the ball in our court saying we should seek legal redress for their unreasonable behaviour.I can personally tell you that when the summons for questioning first came to Sonia Gandhi, it was difficult to restrain her from going even with Covid at the initial stage. She has been raring to go and will go immediately when medical advice permits. However, elementary medical knowledge tells us that exposure to collateral infection must be avoided, especially at her age, and that is the simple reason why time has been sought.First, let me briefly address the political part. No doubt this is a storm which should have been partly combated preventively. But one must never brush aside the humongous immoral conduct of the BJP. Luxury buses, 3 or 4 jets, trans-Indian coverage from Surat to Guwahati and over 70 rooms in luxury hotels and resorts do not come cheap. All escorts were provided by BJP leaders visible on camera and all protection by police of BJP-ruled states. Now we know how 90% of the money from electoral bonds which admittedly and officially goes to the ruling party is utilised. They are the last persons who have any right to preach or moralise or feign ignorance.Turning now to the legal, the options are limited because all of them, first and foremost, depend on the numbers. However, firstly any Chief Minister can recommend dissolution (of the Assembly) subject to the caveat that a Governor is not obliged to accept that recommendation if there is sufficient material to show that the recommendation is based upon a minority support. Secondly, the Governor is within his or her rights to order a floor test if some group so claims and the Governor on demonstrable material finds that the incumbent does not have numbers. Thirdly, the anti-defection law clearly kicks in but is unfortunately time-consuming. Thus, while in a properly constituted complaint with sufficient natural justice for hearing, the Speaker or Deputy Speaker would be fully entitled to disqualify those who have jumped ship, that may practically be of no use given the time lag involved. Fourthly, Indian genius has found enough ways of circumventing the anti-defection law by resigning, creating artificial deductions in the total pool of voting and then after toppling the government by such illegal shenanigans getting re-appointed as ministers with a six month window left for the election. Fifthly, if by any last minute retrieval, Uddhav Thackeray gets the numbers, he himself is entitled to call for a vote of confidence. Unfortunately, in all of this the Congress remains an outsider but a self-professed clear strong supporter (of Thackeray).On the contrary, I believe the Aghadi (MVA coalition) has had a highly desirable convergence of views to the center point of reasonableness of the Hindu religion. Aghadi is absolutely right in saying that this is the brand of Hinduism which is true Hinduism and not the distorted, politically expedient and hyperventilating, breast-beating of the BJP. In that sense a lot of aberrations and distortions have been ironed out to the golden mean which Aghadi has adopted.Undoubtedly, the elections will happen on time. And undoubtedly everyone is free to stand. And we must all respectfully await the results. Naysayers and doomsdayers will keep on creating negative scenarios because it does not suit their script. There is a wait of hardly a few months and we must therefore all await the eating-of-the-pudding before sermonising.You are also the chairman of the Parliamentary Standing Committee on Home. The committee is travelling to the Northeast. What is on its agenda?I’m equally privileged to be the Chair of the Parliamentary Standing Committee on Home not only because it’s an extremely important committee but because its remit covers the wide vistas from the Northeast to issues of national security to a huge swathe of paramilitary forces and to the vital themes of Center-state relations and federalism. On these issues, we have already started discussions on infiltration and security and border security in the Northeast. We have already examined the CRPF and ITBP. Indeed, the trip to the Northeast was already finalised and about to take off from 25th to 30th but was postponed because of the terrible floods and landslides and logical difficulties.Lastly, Kapil Sibal, one of the key G-23 leaders, has left the Congress and some of the leaders of the group have been placated with positions. How do you see the development and the activities of the dissident or reformist group?As Mr Sibal has rightly refused to comment on the Congress, the latter should equally rightly reciprocate. As far as your larger question on G-23 is concerned, I believe that the primary justification of such a grouping can only be suggestions for reform, which were intensively discussed and openly thrashed for over three days at the Udaipur Shivir. With (internal) elections round the corner, I think every legitimate demand of this G-23 has either been met or about to be met.
The still-unfolding scenes of the dramatic political crisis in Maharashtra, stretching from Mumbai to Guwahati via Surat, frame a government in freefall in an important state, and its rippling echoes. The Uddhav Thackeray government would appear to be coming undone by, on the one end, its own weakness, the inability or unwillingness or both of a family-run party to accommodate the rising ambitions within, and on the other end, by its partner-turned-foe’s aggressive fishing in murky waters. That the Sena rebels who have rallied behind Eknath Shinde have been ferried and locked into hotels in BJP-ruled states, first Gujarat and now Assam, tells its own story. There has been visible rancour between the Sena and BJP ever since 2019 assembly election, in which the BJP emerged as the single largest party but after which the two long-standing allies went their separate ways. The rift inaugurated a battle over the “real” flagbearer of Hindutva against the arresting backdrop of the country’s financial capital. At that time, the Sena went on to join hands with Sharad Pawar’s NCP and the Congress, and formed a coalition government. Now the Shinde-led group of rebels are pointing to that unlikely alliance and the need to go back to a solo, undiluted Hindutva as reason for their revolt, but they protest too much. After all, unlikely alliances are not unusual in Indian politics and, time and again, power has proved to be a strong glue. In all likelihood, therefore, the current unravelling in Mumbai has more to do with a Sena, having lost Bal Thackeray, finding it difficult to hold together and a BJP, in power at the Centre and not above weaponising its control of central agencies against political rivals and opponents, that is seizing the opportunity.In the coming days, the prospect of a vertical split in the Sena, and the endgame for the Uddhav Thackeray government, will pose a test for the institutions of the Speaker and Governor. The Deputy Speaker — since the Maharashtra assembly does not have a full-time Speaker since 2020 — could be called upon to assess the claims and counter claims and determine the status of the Sena factions under provisions of the anti-defection law. The governor could play a critical role in resolving the political instability, even as, after the Bommai judgement in 1994, the Supreme Court has laid down that the place for deciding whether a government has lost its majority is the floor of the assembly, not Raj Bhavan.The fate of the Uddhav Thackeray government in Maharashtra will also send signals that resonate beyond the state. With less than two years to go for the general election in 2024, and given that the Opposition is struggling to rally together to put up a fight against a formidable and predatory BJP, the loss of a crucial state will be consequential. Maharashtra, which has been one of the most prominent sites in the fight against Covid — during which, incidentally, the Uddhav Thackeray government kept a remarkably calm head — is now, amid the political tug and pull, again ground zero.
◾ In the top story of the day, Maharashtra Chief Minister Uddhav Thackeray offered to step down in a bid to defuse the crisis that has gripped the Maha Vikas Aghadi (MVA) government following the rebellion led by Eknath Shinde. An emotional Thackeray added that he was willing to resign if the rebel leader and MLAs supporting him declare that they don’t want him to continue as CM.◾ Meanwhile, Shinde stated that the MVA govt in Maharashtra was an “unnatural alliance” and it was imperative for his party to walk out of the coalition with the NCP and the Congress for its own sake and that of party workers.◾ Touted as the biggest-ever loan fraud case in India, the CBI has booked former promoters of Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan and Dheeraj Wadhawan, among 13 accused for defrauding a consortium of 17 banks of over Rs 34,000 crore. Until now, the Nirav Modi-led PNB loan fraud (Rs 13,000 crore) and ABG Shipyard loan fraud (Rs 20,000 crore) were considered to be the biggest.◾ In one of the country’s deadliest quakes in decades, a powerful earthquake struck a rural, mountainous region of eastern Afghanistan early today, killing 1,000 people and injuring 1,500 more. Officials warned that the already grim toll may still rise.Political Pulse◾ In this exclusive interview with The Indian Express, Yashwant Sinha, who has emerged as the Opposition’s consensus candidate for the July 18 presidential election in which he will be up against the NDA nominee Droupadi Murmu, talks about the presidential election being an ideological battle, Murmu’s candidature, and why it is too early to conclude that he does not have the numbers to win. Read more here◾ The protests across the country against the Centre’s short-term military recruitment scheme Agnipath have a recurring feature: railway properties have been vandalised, torched or attacked from Bihar to West Bengal to Telangana. This isn’t the first time the Indian Railways found itself the target of such protests. As a 168-year-old organisation that is a subsidised mode of travel for millions of Indians, the Railways carries huge symbolism for demonstrators seeking to make a point. Here’s whyExpress Explained◾ As poll results for Haryana’s 46 municipalities rolled in Wednesday, BJP scored a clear edge over its opponents by winning 22 civic bodies, while its ally JJP managed to win three. The lion’s share of the remaining local bodies went to the Congress, with debutant AAP managing just one. What do these results mean for all major political players in the state?◾ Britain is in the middle of its biggest rail strike in 30 years. Tens of thousands of rail workers took part in a mass walkout on Tuesday (June 21), protesting frozen salaries, changing working conditions, and proposed job cuts. What impact has the strike had and what happens here onward?
Important topics and their relevance in UPSC CSE exam for June 22, 2022. If you missed the June 21, 2022 UPSC key from the Indian Express, read it hereFRONT PAGEDroupadi Murmu set to be elected first tribal woman President of IndiaSyllabus:Preliminary Examination: Indian Polity and GovernanceMains Examination: General Studies II: Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of theseKey Points to Ponder:• Who is Droupadi Murmu?• Who elects the President of India?• The President is elected by members of the electoral college rather than by the general public. What does the electoral college entail?• What is the term of the office of the President?• When is the election of the Office of President of India held?• Who conducts the election to the Office of President of India?• The President of India is integral part of the Union Executive-True or False• Know in detail about Article 54 to Article 58 of the Indian Constitution• What electoral system/process is followed for the election to the office of the President?• President must be subscribed by at least how many electors as proposers and seconders?• What is System of proportional representation by means of single transferable vote?• Why System of proportional representation by means of single transferable vote is used for President’s Election in India?• The voting at the President’s election shall be by secret ballot-True or False?• How Constitution of India provides uniformity in the scale of representation of different states as well as parity between the states as a whole and the Union at the election of the President?• What are the Qualifications required by a candidate to contest the election to the Office of the President of India?• Who is appointed the Returning Officer/Assistant Returning Officer for the election to the Office of President of India? Who makes such appointment?• Can the result of the election to the Office of President be challenged? If so, what is the proper procedure for doing so?• Are the provisions of the Anti-Defection Law applicable in Presidential elections?• The oath of office to the President is administered by Whom?• The President can be removed from office by a process of impeachment for ‘violation of the Constitution’-True or False?• The Constitution of India defines the meaning of the phrase ‘violation of the Constitution’-True or False?• What are the powers enjoyed and the functions performed by the President of India?• Can the President be Impeached?Other Important Articles Covering the same topic:📍Yashwant Sinha is Opp’s President candidate📍Droupadi Murmu: 10 things to know about NDA’s presidential nomineeMinister leads Shiv Sena revolt, ruling MVA fights for survival in MaharashtraSyllabus:Preliminary Examination: Indian Polity and Governance-Constitution, Political System, Panchayati Raj, Public Policy, Rights Issues, etc.Mains Examination: General Studies II: Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of these.Key Points to Ponder:• What is going in Maharashtra Politics?• How many parties are there in Maha Vikas Aghadi?• How the numbers add up in the Maharashtra Assembly?• What is Horse-Trading?• Current development in Maharashtra is Horse trading or Defection?• What constitutes ‘horse-trading’ or defection?• What Supreme Court said in the SR Bommai case (1994) with respect to Horse trading and Defection?• What is the anti-defection law, and what is its purpose?• The 52nd Amendment Act of 1985 and the 10th Schedule of the Constitution are related to what?• What constitutes defection? Who is the deciding authority?• What Supreme Court of India said in Kihoto Hollohan case (1993)?• Has the anti-defection law ensured the stability of governments?• Have any suggestions been made to improve the law?• The 91st Amendment Act of 2003 made one change in the provisions of the Tenth Schedule. What was that?• The disqualification of member on the ground of defection does not apply in the two exceptional cases. What is that ‘exception’?Other Important Articles Covering the same topic:📍Out of touch with MLAs, lacklustre in admin, how Uddhav lost the plot📍Explained: The anti-defection law, and why Eknath Shinde could be poised to dodge it in MaharashtraEXPRESS NETWORKPM to attend BRICS virtual summit in China on June 23, 24Syllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s InterestKey Points to Ponder:• Evolution of BRICS from Russia-China (RC) to Russia-India-China (RIC) to Brazil- Russia-India-China (BRIC) to Brazil-Russia-India-China-South Africa (BRICS)• What is Brazil, Russia, India, China and South Africa (BRICS)?• BRICS Development Bank-Key Features• Brazil, Russia, India, China and South Africa (BRICS) Economy-Key Features• RIC (Russia-India-China) out of BRICS-Significance and Stature in World Politics?• Why BRICS Matters?• What are the issues and challenges Associated to BRICS in present scenario?Other Important Articles Covering the same topic:📍Brazil, Russia, India, China and South Africa (BRICS)📍Why BRICS Still Matters📍BRICS and the creation of a multipolar worldTHE EDITORIAL PAGEWhat MPC says, what RBI doesSyllabus:Preliminary Examination: Economic and Social DevelopmentMains Examination: General Studies III: Indian Economy and issues relating to planning, mobilisation, of resources, growth, development and employment.Key Points to Ponder:• What is the Monetary Policy Committee?• The Monetary Policy Committee (MPC) is a Statutory Body-True or False?• What is the Primary Objective of monetary policy in India?• Members/Composition of Monetary Policy Committee (MPC)-Know in detail• What is Inflation targeting (IT) regime resolution adopted by the Monetary Policy Committee (MPC)?• According to Author, the first few years of IT regime from 2016 to 2018 worked quite well but from 2019 onwards, things began to change-What change she (Author) is talking about? (Hint: Given in the Article)• Do You Know-The inflation target of the Reserve Bank of India is 4 per cent, with a band of 2 per cent on either side.• There are several direct and indirect instruments that are used for implementing monetary policy-What are they?• How Fast tightening of loose monetary policy, prudent fiscal policy and rational trade policy can control inflation?• The word ‘Inflation’ is now days very often in News. What do you understand by this term?• Why Inflation holds so much importance for an Economy?• The term ‘Price’ is almost familiar to all of us. What do you understand by the term ‘price’ and ‘Price Level’?• How price level is Measured?• What is Price Index? Which are the two most important Price indices?• What do you understand by Wholesale Price Index (WPI) and Consumer Price Index? WPI and CPI is published by whom?• What is CPI-based Inflation or Retail Inflation? Both are same?• The base year of Wholesale Price Index (WPI)?• Base Year for Consumer Price Index (CPI)?• Know the Types of Inflation like Moderate Inflation, Galloping Inflation, Hyper-Inflation, Stagflation, Deflation, Core Inflation etc.• Know the Causes of Inflation like Demand-Pull or Demand-Side inflation and Cost-Push or Supply-Side Inflation.• There are two economic groups in every society including India i.e. the fixed income group and the variable income group. How Inflation effects these economic group?• What is the Long term, Medium Term and Short-term impact of Inflation?• How Inflation is Measured in India?• Steps or Measures Taken by GOI to Control Inflation• National Statistical Office (NSO)-About, Vision, Mandate and RoleOther Important Articles Covering the same topic:📍The point of interest rate hikeTHE IDEAS PAGEOur entwined values & interestsSyllabus:Preliminary Examination: Current events of national and international importance.Mains Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.Key Points to Ponder:• India-Australia Bilateral Relations-Background• India & Australia-Areas of Cooperation• India & Australia-Bilateral Trade• India-Australia Economic Cooperation and Trade Agreement (INDAUS ECTA)-Key Proposals• How has the Quad impacted trade relations between India and Australia?• India-Australia and the new cyber framework between the two Nations-Key Highlights• INDAUS ECTA (India-Australia Economic Cooperation and Trade Agreement)-Key Proposals• Early harvest trade agreement between India and Australia-Key highlights• How has the Quad impacted trade relations between India and Australia?• What other Free Trade Agreements is India currently negotiating with Australia?• Map Work-Australia, Important Cities, PhysiographyOther Important Articles Covering the same topic:📍India and Australia are finally acting like the natural partners they areEXPLAINEDIndia’s emerging twin deficit concernsSyllabus:Preliminary Examination: Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.Key Points to Ponder:• What do you understand by the term ‘Twin Deficits’?• What is Fiscal deficit?• What is Current account deficit (CAD)?• How Current Account Deficit and Fiscal Deficit reinforces each other?• What is Stagflation?• Why Stagflation is dangerous for the economy?• What has caused the most recent stagflation worries in India?Other Important Articles Covering the same topic:📍What is Current Account Deficit?Summer SolsticeSyllabus:Preliminary Examination: Indian and World Geography-Physical, Social, Economic Geography of India and the World.Mains Examination: General Studies I: Important Geophysical phenomenaKey Points to Ponder:• What are solstices?• What is Summer Solstice?• What happens on summer solstice day?• Is June 21 always the summer solstice?• What is the purpose of summer solstice?• Have you heard of Winter Solstice?• Summer Solstice and Winter Solstice-Compare and Contrast• Misconceptions about the solstices-Know in briefOther Important Articles Covering the same topic:📍What are solstices?Why Israel is headed to its 5th election in 3 years, and what nowSyllabus:Preliminary Examination: Current events of national and international importance.Main Examination: General Studies II: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s InterestsKey Points to Ponder:• Electoral process is Israel and in India-Know the difference• What is ‘Knesset’?• What is happening in Israel now?• Why frequent elections is taking place in Israel?• Change in Government in Israel and its impact on India-Know in Detail• India and Israel marked 30 years of full diplomatic relations this year-Know its Significance• India and Israel Bilateral Relations-Historical Background• Pegasus and India-Israel Relations• India & the Palestinian cause and Israel-Know India’s Stand in this entire conflict• India and Israel Relations-Shift in policyOther Important Articles Covering the same topic:📍Explained: The India-Israel relationshipECONOMYRBI puts a stop to credit lines on prepaid instrumentsSyllabus:Preliminary Examination: Economic and Social Development-Sustainable Development, Poverty, Inclusion, Demographics, Social Sector Initiatives, etc.Mains Examination: General Studies III: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.Key Points to Ponder:• The Reserve Bank of India (RBI) has issued a notification recently disallowing non-bank prepaid wallets and prepaid cards from loading credit lines-why?• What else has RBI said in its notification?• What are prepaid payment instruments (PPIs)?• What are prepaid payment instruments examples?• What is a credit line?• Why has the RBI issued this notification?• Which are the fintechs offering credit products in India?Other Important Articles Covering the same topic:📍Prepaid payment instruments: First step towards better wallet safetyGet an e-paper subscription via our special offer – click hereFor any queries and feedback, contact email@example.comThe UPSC KEY Indian Express is now on Telegram. 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