The Maharshi Badrayan Vyas Samman (MBVS) award is a prestigious honour conferred by the Vice-President of India. The recent recipient of this accolade, Dr. Gyanaditya Shakya was celebrated in New Delhi for his extraordinary contribution to Pali language and literature. The Department of Higher Education, Ministry of Human Resource Development, Government of India chose Dr. Shakya for his authorship of five notable books. Earlier in 2018, he also received the ‘Vividh (Shraman) Puruskar’ from the Governor and Chief Minister of Uttar Pradesh.
Maharshi Badrayan Vyas Samman Award: A Deeper Look
The MBVS is an esteemed recognition conferred on individuals who make significant contributions to the fields of Sanskrit, Persian, Arabic, and Pali/Prakrit. It’s awards comprise of a certificate and a monetary reward of Rs.1 lakh, presented to select young scholars aged between 30 to 45.
Dr. Gyanaditya Shakya’s Achievements
Dr. Shakya’s works, including ‘Bauddha Dharma Darshan Mein Brahmavihara Bhavana,’ ‘Anagatavasa,’ ‘Chakesadhatuvasa,’ ‘Pañcagatidipani’ and ‘Gandhavasa,’ led to his selection for the MBVS award. Aside from this, his commendations include the ‘Vividh (Shraman) Puruskar’ by the Governor and Chief Minister of Uttar Pradesh, spotlighting his exceptional work.
The Order of Zayed
The highest civilian award in the UAE, the Order of Zayed, was recently bestowed upon the Prime Minister of India, recognizing his efforts to strengthen bilateral ties between the two nations. UAE, home to the largest population of Indians outside India, is a key collaborator across sectors like investment, energy defense, and security.
| Fact | Data |
|---|---|
| India’s oil imports from UAE | 8% |
| UAE’s rank as a crude oil supplier to India | 5th Largest |
| India-UAE trade in USD (2017) | 50 Billion |
Recognized Recipients of The Order of Zayed
Prominent leaders such as Russian President Vladimir Putin, former US president George W Bush, former French president Nicolas Sarkozy, German Chancellor Angela Merkel, Queen Elizabeth II from the United Kingdom, and Chinese President Xi Jinping have also received The Order of Zayed award.
Counter-Cyclical Capital Buffer
The Reserve Bank of India (RBI) recently stated that it is not essential to activate the countercyclical capital buffer (CCCB) at the moment. Instituted by RBI in 2015, the CCCB comes into effect as warranted by the financial environment.
A Deeper Look into CCCB
The CCCB aims to ensure banking sector capital requirements cater to the macro-financial environment. Its role in Basel III norms, issued by the Basel Committee on Banking Supervision under Bank of International Settlement, is designed to protect the banking sector against losses. The overarching objective of the CCCB regime is dual folded. One, it mandates banks to establish a capital buffer during boom periods. Two, it curtails unregulated lending by the banking sector during periods of excess credit growth.
