7 October 2026
Myanmar's president Min Aung Hlaing landed at Kuala Lumpur International Airport on Wednesday for a two-day visit, his first to Malaysia since the military took power in 2021.
Malaysia's government said the visit allows Prime Minister Anwar Ibrahim to maintain direct engagement with Myanmar, and named the voluntary, dignified and safe repatriation of Myanmar nationals staying illegally in Malaysia as the key bilateral issue.
Anwar has said about 10,000 Myanmar nationals have been sent back since January.
Malaysia hosts about 215,600 refugees and asylum seekers registered with the United Nations refugee agency, including about 126,000 Rohingya.
Since taking office as president in April, Min Aung Hlaing has travelled to Thailand, Laos, Cambodia, Viet Nam, China, India, Russia and Belarus.
Malaysia is not a party to the United Nations Refugee Convention and treats refugees as undocumented migrants.
Sent back since January:
about 10,000
Refugees registered in Malaysia:
about 215,600
Rohingya among them:
about 126,000
Why it matters for exams: Myanmar's return to bilateral summit diplomacy inside ASEAN and the Rohingya question are standing themes in international relations papers.
Kerala PSCUPSC
In plain words
Repatriation Return of nationals to their own country — The sending back of people to the country of which they are citizens.
ASEAN Association of Southeast Asian Nations — The ten-member grouping of Southeast Asian states to which Myanmar belongs.
7 October 2026
The Reserve Bank of India announced on October 7, 2026 the exclusion of Paytm Payments Bank Limited from the Second Schedule to the Reserve Bank of India Act, 1934.
The exclusion was effected by notification DoR.LIC.No.S3674/16.13.215/2026-27 dated July 31, 2026.
The notification was published in the Gazette of India (Part III, Section 4) dated September 7, 2026.
The announcement was issued as Press Release No. 2026-2027/1273 over the signature of Brij Raj, Chief General Manager.
A bank named in the Second Schedule is a scheduled bank, and removal from the Schedule ends that status.
Schedule:
Second Schedule to the Reserve Bank of India Act, 1934
Notification date:
July 31, 2026
Gazette publication:
September 7, 2026
Why it matters for exams: The Second Schedule is the legal basis of the term scheduled bank, and a named instance of inclusion or exclusion is how banking papers test whether a candidate knows the provision rather than the phrase.
Kerala PSCUPSCBank
In plain words
Scheduled bank Bank included in the Second Schedule to the RBI Act, 1934 — Inclusion brings the bank within the Reserve Bank's scheduled bank framework; exclusion removes it.
Payments bank Differentiated bank licensed by the RBI — A category of bank that can accept deposits within a limit but cannot lend.
7 October 2026
The Government of Kerala has invited applications for a vacancy on the Mental Health Review Board at Kannur.
The vacancy is for the member of the Board who is a medical practitioner.
Qualified persons may apply, and applications must reach by 23 October 2026.
Details of the eligibility conditions are published at www.ksmha.org.
The notice was issued through the Information and Public Relations Department on 7 October 2026.
Board location:
Kannur
Vacancy:
Member who is a medical practitioner
Last date:
23 October 2026
Why it matters for exams: Mental Health Review Boards are statutory bodies an aspirant is asked to place correctly, and this vacancy shows their composition includes a medical practitioner member.
Kerala PSC
In plain words
Mental Health Review Board — A quasi-judicial body that reviews admissions to mental health establishments and hears complaints about care and rights.
7 October 2026
The Kerala Women's Commission held an adalat at the Mammen Mathai Nagar Hall in Thiruvalla, Pathanamthitta district, on 7 October 2026.
Commission member Adv. Elizabeth Mammen Mathai chaired the sitting.
Fifty-three complaints were taken up, of which 17 were settled.
Seven complaints were sent for a report and two were referred to the Jagratha Samithi.
One complaint was referred to the District Legal Services Authority and 26 were postponed to the next sitting.
Psycho-social school counsellors, a police circle inspector and civil police officers took part in the sitting.
Complaints taken up:
53
Settled:
17
Postponed to next sitting:
26
Why it matters for exams: How a statutory state commission disposes of complaints, and the bodies it refers them to, is a standard polity question for Kerala PSC.
Kerala PSCUPSC
In plain words
Adalat — A sitting at which a commission or authority hears complainants in person and tries to settle cases on the spot.
Jagratha Samithi — A vigilance committee at local body level in Kerala that takes up complaints of violence and discrimination against women.
DLSA District Legal Services Authority — The district body that provides free legal aid and organises Lok Adalats under the Legal Services Authorities Act, 1987.
7 October 2026
Transport Minister C. P. John said on 7 October 2026 that KSRTC will operate 45 special services for the Beemapally Urs and the Vettukad church festival in Thiruvananthapuram.
Twenty buses will run for the Beemapally Urs, up from 14 last year, on the Kizhakkekotta, Eanchakkal, Vallakkadavu and Kallumoodu routes.
Twenty-five special services will run for the Vettukad church festival, up from 18 last year, on the Kizhakkekotta, Palayam and Valiyathura routes.
Temporary station master offices will be set up at both shrines.
The Minister directed KSEB to replace faulty streetlights and the PWD to complete road repairs urgently, and ordered drinking water supply, waste management and septage cleaning to be ensured.
A police aid post, round-the-clock volunteer service and a health department control room were also decided at the review meeting held at the Thaikkad Guest House.
Total special services:
45
Buses for Beemapally Urs:
20 (14 last year)
Services for Vettukad church festival:
25 (18 last year)
Why it matters for exams: Festival transport arrangements show how a state transport corporation and the line departments are coordinated, and the bus figures are easily asked.
Kerala PSC
In plain words
KSRTC Kerala State Road Transport Corporation — The state-owned road transport corporation that runs Kerala's public bus services.
Urs — The annual commemoration held at a Sufi shrine, marking the death anniversary of the saint buried there.
Septage — The sludge and liquid waste removed from septic tanks, which has to be collected and treated separately.
7 October 2026
Kerala has constituted the Kerala Holistic Model for Health, Wellness and Longevity Task Force.
Chief Minister V D Satheesan is its chairperson and Health Minister K Muraleedharan the vice-chairperson.
The body includes health and medical experts, senior government officials and representatives of modern medicine and Ayurveda.
It will assess the state's disease burden and ageing trends and recommend prevention and early detection strategies.
It will also examine coordination between the different systems of medicine and design a digital health system that pools health information while protecting privacy and security.
The task force has two months from its first meeting to submit an action-oriented report.
The report is to contain two to three pilot projects, a three-year action plan, cost estimates and funding sources, and a monitoring framework naming the responsible departments.
Chairperson:
Chief Minister V D Satheesan
Vice-chairperson:
Health Minister K Muraleedharan
Reporting time:
Two months from the first meeting
Action plan sought:
Three-year action plan with two to three pilot projects
Why it matters for exams: Kerala's demographic transition and its health governance bodies are recurring themes in both Kerala PSC and UPSC papers.
Kerala PSCUPSC
In plain words
Disease burden Disease burden — The total loss of health in a population from illness, disability and early death.
Task force Task force — A time-bound expert group set up by a government to recommend action on one defined problem.
7 October 2026
An Indian parliamentary delegation led by Rajya Sabha Deputy Chairman Harivansh took part in the second day of the 153rd Assembly of the Inter-Parliamentary Union at Arusha in Tanzania on 6 October 2026.
Harivansh exercised the Right of Reply to remarks made by Pakistan on Kashmir, saying on the floor of the Assembly that Kashmir is an integral and inalienable part of India.
Dr Sanjay Jaiswal, a member of the IPU Committee on Health, took part in the Committee's sessions and a field visit.
Anurag Singh Thakur attended the Standing Committee on Democracy and Human Rights and the debate on the draft resolution on inclusive social development and the rights of people living with disabilities.
Kamaljeet Sehrawat took part in the Standing Committee on Peace and International Security and in the debate 'Shaping peaceful futures: Parliamentary diplomacy, mediation and dialogue for lasting peace', while Dr Sasmit Patra joined a panel discussion on the role of parliaments in the age of military artificial intelligence.
N. K. Premachandran attended workshops on strengthening parliamentary response to terrorism and on critical minerals for shared prosperity. The delegation also joined a cultural programme hosted by the Indian High Commission and interacted with the Indian diaspora.
Assembly:
153rd IPU Assembly
Venue:
Arusha, Tanzania
Delegation leader:
Harivansh, Deputy Chairman, Rajya Sabha
Why it matters for exams: The IPU is the global organisation of national parliaments, and India's participation in its assemblies is regular current affairs material.
Kerala PSCUPSC
In plain words
IPU Inter-Parliamentary Union — The world organisation of national parliaments, which holds assemblies where member parliaments debate and adopt resolutions.
7 October 2026
Commerce Secretary Rajesh Agrawal called for greater utilisation of the opportunities under the India-EFTA Trade and Economic Partnership Agreement, delivering the keynote address at an outreach event for major exporters in New Delhi that formed part of the 2nd India-EFTA Prosperity Summit 2026.
TEPA entered into force on 1 October 2025, and leaders from all four EFTA States were in New Delhi to mark the first year of the Agreement.
The European Free Trade Association has four members: Iceland, Liechtenstein, Norway and Switzerland.
Under the agreement, EFTA commitments cover 92.2 per cent of tariff lines, which account for 99.6 per cent of Indian exports, while India's commitments cover 82.7 per cent of tariff lines, equal to 95.3 per cent of EFTA exports.
Under Article 7.1, the EFTA States shall aim to increase foreign direct investment into India by USD 50 billion within 10 years of the Agreement's entry into force and an additional USD 50 billion in the succeeding five years.
They shall also aim to facilitate the generation of 1 million jobs in India within 15 years. EFTA members together import goods and services worth over half a trillion US dollars a year.
In force since:
1 October 2025
EFTA tariff lines covered:
92.2 per cent
India's tariff lines covered:
82.7 per cent
Investment commitment:
USD 50 billion in 10 years, USD 50 billion more in the next 5 years
Jobs aimed at:
1 million within 15 years
Why it matters for exams: TEPA is the India trade pact that carries a quantified foreign investment commitment, and its membership and percentage coverage are frequently asked.
Kerala PSCUPSCBank
In plain words
TEPA Trade and Economic Partnership Agreement — The India-EFTA pact that cuts tariffs and carries a linked foreign investment commitment.
EFTA European Free Trade Association — A four-member grouping of Iceland, Liechtenstein, Norway and Switzerland, separate from the European Union.
7 October 2026
In Arvind Kejriwal v. Gujarat University, reported as 2026 LiveLaw (Guj) 263, the Gujarat High Court held that an educational degree held by a university is personal information for which no overriding public interest had been shown. The court also held that the Central Information Commission had no authority to direct suo motu disclosure under the Right to Information Act. A cost of ₹25,000 was upheld. The ruling appears in the High Court's September 2026 reported decisions.
Case:
Arvind Kejriwal v. Gujarat University
Citation:
2026 LiveLaw (Guj) 263
Cost upheld:
₹25,000
Why it matters for exams: The personal information exemption and the limits of the Information Commission's powers are standard RTI questions.
Kerala PSCUPSCSSC
In plain words
CIC Central Information Commission — The appellate body under the Right to Information Act for central public authorities.
Suo motu Of its own motion — An action a body takes on its own, without an application before it.
Background
The Commonwealth is a voluntary association of 56 independent and equal countries.
It is home to 2.7 billion people and includes both advanced economies and developing countries; 33 of its members are small states, including many island nations.
Member governments have agreed on shared goals such as development, democracy and peace, and the association's values and principles are expressed in the Commonwealth Charter.
His Majesty King Charles III is Head of the Commonwealth.
The Commonwealth Secretariat is the intergovernmental organisation that supports member countries and coordinates Commonwealth activities, and the Secretary-General is its Chief Executive Officer.
The international headquarters of the Commonwealth Secretariat and the Commonwealth Foundation are at Marlborough House on Pall Mall in London.
The establishment of the Commonwealth Secretariat in 1965 emphasised the equality of all members, and member countries are also supported by a network of more than 90 intergovernmental, civil, cultural and professional organisations.
Member countries:
56 independent and equal countries
Population:
2.7 billion people
Small states among members:
33
Secretariat established:
1965
Headquarters:
Marlborough House on Pall Mall, London
Why it matters for exams: The number of Commonwealth members, the Marlborough House headquarters and the Commonwealth Charter are repeatedly asked in Kerala PSC and UPSC papers.
Kerala PSCUPSC
In plain words
Commonwealth Charter Charter of the Commonwealth — The document in which the association's values and principles are expressed.
CSAT Commonwealth Secretariat Arbitral Tribunal — Resolves contractual disputes involving the Secretariat.
Background
The Kerala Public Service Commission describes itself as a body created by the Constitution of India.
The Commission advises the Government on all matters relating to civil services referred to it under Article 320 (3) of the Constitution.
It publishes notifications inviting applications for selection to various posts as per the requisitions of the appointing authorities.
It conducts written test and or practical tests, physical efficiency test and interview.
It prepares the ranked list based on the performance of the candidates and advises candidates for appointment strictly based on their merit and observing the rules of reservation as and when vacancies are reported.
The Head Office of the Commission is situated at Pattom, Thiruvananthapuram, the State Capital, at Thulasi Hills, Pattom Palace P.O., Thiruvananthapuram 695 004.
Constitutional provision cited:
Article 320 (3)
Head Office:
Pattom, Thiruvananthapuram
Address:
Thulasi Hills, Pattom Palace P.O., Thiruvananthapuram 695 004
Why it matters for exams: The constitutional article under which the Commission advises Government and the stages of its selection process are asked directly in Kerala PSC papers.
Kerala PSCUPSC
In plain words
Ranked list Ranked list — The list the Commission prepares on candidates' performance, from which it advises appointments.
Article 320(3) Article 320(3) of the Constitution of India — The provision under which matters relating to civil services are referred to a Public Service Commission for advice.
Background
The International Telecommunication Union is the United Nations specialized agency for information and communication technologies.
Its membership is made up of 194 Member States and more than 1000 companies, universities and international and regional organizations.
It is headquartered in Geneva, Switzerland, and has regional offices on every continent.
The Union is the oldest agency in the UN family, connecting people for over 160 years.
It was established in 1865 to manage the first international telegraph networks, and its mandate has since expanded to voice telephony, radiocommunications, communications satellites and, most recently, artificial intelligence and the metaverse.
Its Member States have set two strategic goals for the Union for 2024 to 2027: universal connectivity and sustainable digital transformation.
ITU's work is organised in the Radiocommunication, Standardization and Development sectors, and its top five officials were elected at the 21st Plenipotentiary Conference.
Established:
1865
Member States:
194
Other members:
more than 1000 companies, universities and international and regional organizations
Headquarters:
Geneva, Switzerland
Strategic goals 2024 to 2027:
universal connectivity and sustainable digital transformation
Why it matters for exams: Which UN agency is the oldest, and its 1865 telegraph origin and 194 Member States, are standard international-organisation questions.
Kerala PSCUPSC
In plain words
ITU International Telecommunication Union — The UN specialized agency for information and communication technologies.
Sector Member Sector Member of ITU — A company, university or organization that joins an ITU sector alongside Member States.
Background
The present Palakkad district, as an administrative unit, was formed on the first of January 1957, comprising of Palakad, Perinthalmanna, Ponnani, Ottapalam, Alathur and Chittur.
When the Malappuram district was formed, areas were transferred to it and a new taluk was formed, namely Mannarkkad.
In 2013, Ottapalam taluk was bifurcated and Pattambi taluk was formed.
At present the district consists of 2 revenue divisions, 6 taluks and 157 revenue Villages, with 7 Muncipalities, 13 block panchayats and 88 village panchayats.
The District headquarters is at Palakkad Town, and the District Collector is seated at the Collectorate, Civil Station, Palakkad.
The district administration records that the first District Collector of the district was Sri K. C. Sankaranarayanan IAS.
Palakkad is one of the fourteen districts of Kerala and has no coastal line; it is one of the main granaries of Kerala and is also the land of Palmyrahs.
Formed:
the first of January 1957
Administrative units:
2 revenue divisions, 6 taluks, 157 revenue Villages
Local bodies:
7 Muncipalities, 13 block panchayats, 88 village panchayats
Taluk formed in 2013:
Pattambi, from the bifurcation of Ottapalam
First District Collector:
Sri K. C. Sankaranarayanan IAS
Why it matters for exams: District formation dates, the taluks created later and the count of local bodies are standing Kerala PSC administration questions.
Kerala PSC
In plain words
Revenue village Revenue village — The smallest revenue unit, below the taluk, with its own village office.
Background
Established in 1874, the Universal Postal Union has its headquarters in the Swiss capital Berne and is the second oldest international organization worldwide.
With its 192 member countries, it is the primary forum for cooperation between postal sector players and helps ensure a truly universal network of up-to-date products and services.
Any non-member country of the United Nations may become a UPU member provided its request is approved by at least two-thirds of the member countries of the UPU.
Congress is the supreme authority of the Union and meets every four years.
The Council of Administration ensures the continuity of the UPU's work between Congresses, supervises its activities and studies regulatory, administrative, legislative and legal issues.
The Postal Operations Council is the technical and operational mind of the UPU and consists of 48 member countries, elected during Congress.
Established:
1874
Headquarters:
Berne, Switzerland
Member countries:
192
Congress:
supreme authority, meets every four years
Postal Operations Council:
48 member countries
Why it matters for exams: The founding year, the Berne headquarters, 192 members and the four-yearly Congress are the standard examination points on the Universal Postal Union.
Kerala PSCUPSC
In plain words
UPU Universal Postal Union — The forum for cooperation between postal sector players, founded in 1874.
POC Postal Operations Council — The UPU's technical and operational body of 48 member countries.
Background
Kozhikode district was the capital of the erstwhile kingdom of the mighty Zamorins and once a renowned commercial center.
The city of Calicut, the Anglicized form of Kozhikode, is the headquarters of the district.
The district is 38.25% urban and is bordered by Kannur district to the North, Wayanad to the East and Malappuram to the South, with the Arabian Sea to the West.
It is situated between latitudes 11 degrees 08 minutes N and 11 degrees 50 minutes N and longitudes 75 degrees 30 minutes E and 76 degrees 8 minutes E.
The division of the district into 4 Taluks came into effect in 2001: Kozhikode, Vadakara, Koyilandy and Thamarassery.
As per the census of 2011, 12 block panchayats make up the district, namely Balusseri, Chelannur, Koduvally, Kozhikode, Kunnamangalam, Kunnummal, Melady, Panthalayani, Perambra, Thodannur, Thuneri and Vadakara.
Headquarters:
The city of Calicut
Taluks:
4, in effect from 2001: Kozhikode, Vadakara, Koyilandy, Thamarassery
Block panchayats:
12
Urban share:
38.25% urban
Why it matters for exams: The taluks and block panchayats of each district, and Kozhikode's link to the Zamorins, are routine Kerala PSC items.
Kerala PSC
In plain words
Zamorin Samoothiri of Kozhikode — The ruler of the medieval kingdom whose capital was Kozhikode.
Block panchayat Block panchayat — The middle tier of rural local government between the grama panchayat and the district panchayat.
Background
As per the 2011 census, the population of Kannur district is about 7.56 percentage of the total population of the State.
Out of 25.23 lakhs population in the district, 8.82 lakhs persons are from rural area and 16.41 lakhs from urban area.
Rural population constitutes 34.95 percent and urban population is 65.05 percentage of the total population in the district.
Child population in the age group 0-6 years is 274318, which is 10.87 percent of the total population in the district.
The district administration gives the district area as 2,966 km square and annual rainfall as 3438 mm.
The mean maximum temperature is 35 degrees Celsius and the mean minimum temperature 20 degrees Celsius, in a humid climate.
The administrative setup listed on the district site has 2 subdivisions, 5 taluks, 132 villages, 11 block panchayaths, 9 municipalities and 1 corporation.
District population:
25.23 lakhs
Urban share:
65.05 percentage
Rural share:
34.95 percent
Child population 0-6:
274318, which is 10.87 percent
District area:
2,966 km square
Annual rainfall:
3438 mm
Why it matters for exams: Kannur's unusually high urban share and its census breakdown are the kind of district statistic Kerala PSC asks with numbers.
Kerala PSC
In plain words
Urban population Urban population share — The share of a district's people living in census towns, municipalities and corporations.
Background
Kollam, erstwhile Quilon, is a southern district of Kerala located 70 km north of the State capital Thiruvananthapuram.
It is flanked by the Arabian sea on the west, Tamil Nadu on the east, Alapuzha and Pathanamthitta districts on the north and Thiruvananthapuram district on the south.
The head quarters of the district administration is centred at Kollam City, the district's capital.
Administratively the district is composed of two revenue divisions, Kollam and Punalur, with three taluks each under them.
The district profile gives its area as 2491 Sq.Km. and its population as 25,84,118, with annual rainfall of 270 Cms.
The heart land of Kollam is naturally veined by the Ashtamudi lake, a massive multi-branched water body, and the Kollam canal cuts through the city.
Kollam has been the centre of cashew industry in Kerala from the time of the Portuguese in 16th c. and continues to be the largest processed cashew exporter in India.
Neendakara and Thangasseri are the two fishing harbours and ports in Kollam.
District area:
2491 Sq.Km.
District population:
25,84,118
Revenue divisions:
Kollam and Punalur, with three taluks each
Annual rainfall:
270 Cms.
Distance from Thiruvananthapuram:
70 km north of the capital
Why it matters for exams: District-wise administrative structure, area, population and the cashew trade of Kollam recur in Kerala PSC question papers.
Kerala PSC
In plain words
Revenue division Revenue division — A unit between the district and the taluk, headed by a Sub Collector or Revenue Divisional Officer.
Background
As per Article 279A(1) of the Constitution, the GST Council had to be constituted by the President within 60 days of the commencement of the Constitution (One Hundred and First) Amendment Act, 2016.
The notification for bringing into force Article 279A with effect from 12th September, 2016 was issued on 10th September, 2016.
The Union Cabinet approved setting up of the GST Council on 12th September, 2016 and also setting up its Secretariat, with its office in New Delhi.
The Secretary (Revenue) is the Ex-officio Secretary to the GST Council, and the Chairperson of the Central Board of Indirect Taxes and Customs is a permanent invitee (non-voting) to all its proceedings.
Where any proposal is put to vote, the vote of the Central Government has a weightage of one-third of the total votes cast and the votes of all the State Governments taken together a weightage of two-thirds; the proposal is carried if the total weighted votes in favour are equal to or greater than three-fourths.
The first meeting of the GST Council was held on 22nd and 23rd September, 2016.
Constitutional provision:
Article 279A
Enabling amendment:
Constitution (One Hundred and First) Amendment Act, 2016
Centre's vote weightage:
one-third of the total votes cast
States' vote weightage:
two-thirds of the total votes cast
Threshold to carry a proposal:
three-fourths
First meeting:
22nd and 23rd September, 2016
Why it matters for exams: The weighted voting formula of the GST Council is one of the most frequently asked facts about Indian fiscal federalism.
Kerala PSCUPSC
In plain words
Ex-officio By virtue of office — The Secretary (Revenue) is Secretary to the GST Council by virtue of holding that post.
CBIC Central Board of Indirect Taxes and Customs — Its Chairperson is a permanent, non-voting invitee to GST Council proceedings.
Background
The United Nations Convention on the Law of the Sea was opened for signature on 10 December 1982 at Montego Bay, Jamaica, after more than 14 years of work involving more than 150 countries.
It entered into force in accordance with its article 308 on 16 November 1994, twelve months after the sixtieth instrument of ratification or accession was deposited.
The Convention comprises 320 articles and nine annexes covering delimitation, environmental control, marine scientific research, economic activities, transfer of technology and dispute settlement.
A coastal State may establish the breadth of its territorial sea up to a limit not to exceed 12 nautical miles, and foreign vessels enjoy innocent passage through those waters.
Coastal States have sovereign rights in a 200-nautical mile exclusive economic zone over natural resources and certain economic activities, while all other States keep freedom of navigation and overflight there.
Disputes may go to the International Tribunal for the Law of the Sea, to the International Court of Justice or to arbitration, and the Tribunal has exclusive jurisdiction over deep seabed mining disputes.
Opened for signature:
10 December 1982, Montego Bay, Jamaica
Entry into force:
16 November 1994
Articles and annexes:
320 articles and nine annexes
Territorial sea limit:
not to exceed 12 nautical miles
Exclusive economic zone:
200 nautical miles
Why it matters for exams: The 12-nautical mile territorial sea and the 200-nautical mile exclusive economic zone are standard maritime-law questions in Kerala PSC and UPSC papers.
Kerala PSCUPSC
In plain words
EEZ Exclusive Economic Zone — A 200-nautical mile belt where the coastal State has sovereign rights over natural resources.
Innocent passage Right of innocent passage — Foreign vessels may pass through a coastal State's territorial sea without threatening its peace or security.
ITLOS International Tribunal for the Law of the Sea — The court set up by the Convention; it alone can hear deep seabed mining disputes.
Background
The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016.
The Code consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons.
The Board's own page calls it a unique regulator, because it regulates a profession as well as processes.
It has regulatory oversight over Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities.
It writes and enforces rules for corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code.
It has also been designated as the 'Authority' under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.
Established:
1st October, 2016
Parent law:
Insolvency and Bankruptcy Code, 2016
Also the 'Authority' under:
Companies (Registered Valuers and Valuation Rules), 2017
Why it matters for exams: The date of establishment, the parent Code and the four classes of regulated entities are standard objective questions on India's insolvency framework.
Kerala PSCUPSC
In plain words
IBBI Insolvency and Bankruptcy Board of India — The Board set up under the Insolvency and Bankruptcy Code, 2016.
IU Information Utility — Information Utilities are one of the four classes of entities under IBBI's regulatory oversight.