India’s Foreign Relation India and Russia ▪ According to the Russia based Sberbank, India and Russia have doubled their payments in their national currencies (rupee-rouble). ▪ Rupee deposits by Indian corporates have also increased multifold in 2024 despite western sanctions. ▪ India and Russia have set a 100$ billion trade target by 2030. ▪ The bilateral trade between India and Russia in 2023-24 is around $65 billion. About Russia ✓ Capital – Moscow ✓ Currency - Russian Ruble ✓ Prime Minister - Mikhail Mishustin ✓ President – Vladmir Putin General Awareness and Public Administration Money Bills ▪ Chief Justice of India D.Y. Chandrachud stated that a Constitutional Bench will be formed to address the petitions challenging the passage of Laws as Money Bills by the Central Government. ▪ Some of the legislations passed as Money Bills in the Parliament include: ✓ Amendments to the Prevention of Money Laundering Act ✓ The Finance Act of 2017 ✓ Aadhaar Act, 2016 ▪ The Money Bill question was referred to a seven judge Bench in November 2019 by a five- judge Bench headed by Chief Justice Ranjan Gogoi in the case of Rojer Mathew vs. South Indian Bank Ltd. Note ▪ A Money Bill is deemed to contain only provisions dealing with all or any of the matters under clauses (a) to (g) of Article 110(1). ▪ Article 110 deals with Money Bill and it can be introduced only in Lok Sabha. Welfare Schemes “One Scientist, One Product” programme ▪ The Indian Council of Agricultural Research (ICAR) launched the ‘One Scientist One Product’ recently on its 96th Foundation Day (July 16) ▪ One Scientist One Product - Aims to improve research in the field of agriculture and animal husbandry. ▪ ICAR also announced the release of 323 varieties of 56 crops, including cereals,…
