- This means that these banks are considered too big to fail and require higher capital requirements to protect against financial instability.
- Minister of State Nityanand Rai from the Ministry of Home Affairs will chair it.
- The members of the High Powered Committee, in addition to the chairperson, will include the Ladakh Lieutenant Governor, a Member of Parliament, the chairpersons of the Leh and Kargil Hill councils, representatives of the Apex Body Leh and Kargil Democratic Alliance, and the nominee officials from the Ministry of Home Affairs.
- They will be in charge of talking about the safeguards for culture and language in light of Ladakh's strategic importance and geographic location.
- In addition, they will talk about methods to empower the Ladakh Autonomous Hill Development Councils of Leh and Kargil, inclusive development, job creation, and protections for land and jobs for the general public.
- The creation of the High Powered Committee was prompted by months of protests in Ladakh calling for the protection of the rights of the Ladakhi people after the revocation of special status to Jammu and Kashmir in August 2019 and the formation of Ladakh as a separate Union Territory.
- Civil society and political groups in Ladakh have been advocating for inclusion under the 6th schedule of the Constitution.
Question:
Q.1 The MHA has established an HPC for which state/UT to preserve the culture, language, and employment of that state/U.T.?
a. Jammu & Kashmir
b. Assam
c. Chandigarh
d. Ladakh
a. Jammu & Kashmir
b. Assam
c. Chandigarh
d. Ladakh