Contents
CLAT GK Update – Month of June
13th June 2020
- Second Lieutenant Anmol Narang will create history by becoming the first observant Sikh to graduate from the prestigious United States Military Academy at West Point on Saturday Read More
- The RBI panel will examine and review the eligibility criteria for individuals or entities to apply for a banking licence Read More
Takeaways – The bank licensing rules mandated that a private bank’s promoter will need to pare holding to 40% within three years, 20% in 10 years and to 15% in 15 years. Why do you think the RBI has regulated the banks to have the shareholding stakes reduce over a time frame? Can anyone figure out this logic? Think in terms of monopoly!
- Adani Green Energy Ltd has bagged a manufacturing-linked solar contract from the Solar Energy Corporation of India (SECI) to develop 8 GW of projects Read More
- “We’re not thinking about raising rates — we’re not even thinking about thinking about raising rates,” Fed Chairman Jerome Powell told reporters during Wednesday’s press conference Read More
This will give you an insight into the American Federal Reserve policies and why they want to continue with a zero rate for a while to come.. this trend started as a consequence of the 2008 Mortgage Crisis which led to a policy called Quantitative Easing – where the US Govt. initiated a massive campaign to buy back bonds and release liquidity into the market. - The Trump administration on Friday released a rule that would roll back Obama-era protections for transgender patients under the Affordable Care Act, despite a last-minute push by Democrats and health groups to block a change they say will curtail health-care access during the Covid Pandemic Read More
(One Free Article – so please don’t pay or subscribe to this :p)
Opinions That Matter
- “Riots are the language of the unheard,” are Dr. King’s words that are incessantly invoked by pundits trying to illuminate why peaceful marches and protests by day, devolve into volatile scenes of vandalism, arson, and looting by night. Read More
- George Floyd’s dying words, “I can’t breathe”, rival Martin Luther King Jr.’s living words, “I have a dream”. That Floyd’s words were uttered when the world was breathing through masks, inhaling with fear, expiring in despair has given us a chilling picture of the human origins of the crisis that we have brought upon ourselves. Read More
- Why parota gets charged a higher GST than roti? :p
(While the world riles in a pandemic and impending economic debauchery.. we’re debating over this? and let’s not name you know who and the other stuff being discussed) Read More