Questions

FERA stands for Foreign Exchange Regulation Act.

• It came into existence in 1973.
• FERA lays emphasis on the regulation of currencies.

Trinamool Congress became the 7th political party to be recognized as a National Party in September 2016.

Conditions for Recognition as a National Party

1. Secure at least 6% of the valid vote in an Assembly or a Lok Sabha General Election in any four or more states and won at least 4 seats in a Lok Sabha General Election from any State or States.

2. Win at least 2% of the total Lok Sabha seats in a Lok Sabha General Election and these seats have to be won from at least 3 states.

3. The party is recognized as a State Party in at least four states.

Article 19 (1) (c) of the Constitution guarantees to all citizens the right “to form associations and unions.” Under clause (4) of Article 19, however, the State may by law impose reasonable restrictions on this right in the interest of public order, morality or sovereignty and integrity of India.As per the Article 19 of the Constitution, the right to form associations and unions is a fundamental right guaranteed only to citizens.

Pluto Exchange, a Dubai-based Cryptocurrency Dealer has launched the India’s first mobile ‘Bitcoin trading app’ fortransacting in virtual currencies. Users of Pluto Exchange’s app will be able to buy, sell, store and spend bitcoins via mobile number using four-digit Personal Identification Number (PIN).

The Constitution of India makes special provisions for the administration of the tribal dominated areas in four states viz. Assam, Meghalaya, Tripura and Mizoram. As per article 244 and 6th Schedule, these areas are called “Tribal Areas“, which are technically different from the Scheduled Areas under fifth schedule.