Presidential Ordinance Expands Supreme Court Judge Strength to 38

1. Which specific Article of the Indian Constitution grants Parliament the authority to prescribe the number of judges in the Supreme Court?

Explanation: Article 124(1) states that the Supreme Court shall consist of a Chief Justice of India and, until Parliament by law prescribes a larger number, of not more than seven other judges. This gives Parliament the power to increase judge strength via legislation or ordinances.

2. Following the completion of the strategic investment by Emirates NBD, what is the maximum expected shareholding percentage the Dubai-based entity can hold in RBL Bank?

Explanation: As per the regulatory clearance and deal terms, Emirates NBD's shareholding in RBL Bank is expected to range between 51% and 74%, subject to the completion of the mandatory open offer and RBI regulations.

3. What is the minimum daily average cumulative AUM threshold required for a market index to be classified as a 'Significant Index' under the new SEBI framework?

Explanation: According to the SEBI framework, an index is classified as a Significant Index if the daily average cumulative AUM tracking or benchmarking it exceeds ₹20,000 crore for each of the preceding six months.

4. Under the implementation timeline of 'Mission Mausam', in which year is Phase-II expected to conclude?

Explanation: Mission Mausam is a two-phase initiative. Phase-I is scheduled to conclude in 2026, while Phase-II is planned to extend until 2031.

5. How much crude oil is the Abu Dhabi National Oil Company (ADNOC) permitted to store in India under the newly proposed Strategic Petroleum Reserve framework?

Explanation: Under the proposed arrangement signed during the Abu Dhabi visit, ADNOC may store up to 30 Million Barrels of Crude Oil in India's Strategic Petroleum Reserve infrastructure.