Download The Assam Tribune Compilation and Current Affairs from The Hindu and The Indian Express. Important for APSC and UPSC Aspirant.
Foreign Exchange Management Act (FEMA) Amendment (Source: The Assam Tribune)
The Central Government has amended the FEMA by allowing 20% FDA in LIC.
Features of FEMA:
- The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”.
- It replaces the Foreign Exchange Regulation Act (FERA)
- This act seeks to make offenses related to foreign exchange civil offenses
- It extends to the whole of India
- It enables a new foreign exchange management regime consistent with the framework of the World Trade Organization (WTO)
- It also paved way to Prevention of Money Laundering Act (PMLA) 2002
The Definition of Secularism and the Doctrine of Essentiality (Source: The Assam Tribune)
Cybercrime and Cyber-security in India
Cyber-security Initiatives by Indian Government:
- Information Act 2000 (amended in 2008)
- National Cyber Security Policy 2013
- The CERT-In (Cyber Emergency Response Team-India)
- Indian Cyber Crime Coordination
- Cyber Swachhta Kendra
- Cyber Surakshit Bharat
- The Cyber Warrior Police Force
- Cyber-prime Prevention Against Women and children
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