- The Supreme Court recently indicated that a Power of Attorney ("POA") granted to an agent can be implicitly revoked if the principal chooses to act on their own behalf, a fact known to both the agent and third parties.
- About Power of Attorney (POA):
- A Power of Attorney (POA) is a legal document that authorizes an agent, also referred to as an attorney-in-fact, to act on behalf of another individual known as the principal.
- It represents a delegation of authority from one person to another, establishing a principal-agent relationship.
- A POA terminates upon the death of the principal, revocation by the principal, or invalidation by a court of law.
- It also ends if the principal divorces a spouse holding the POA or if the agent is unable to fulfill their responsibilities.
- In June, inflows into India’s equity mutual funds surged by 17% sequentially to reach a record high of Rs 40,608 crore, according to recent data from the Association of Mutual Funds in India (AMFI).
- About Equity Mutual Funds:
- Equity mutual funds are investment funds that pool money from multiple investors to primarily invest in a diversified portfolio of stocks, also known as equity securities.
- Equity funds can be categorized as either active or passive:
- Active funds are managed by professionals who actively research and select stocks to invest in, aiming to outperform the market.
- Passive funds, on the other hand, replicate the performance of a specific market index, such as the Sensex or Nifty Fifty, with minimal deviation.
- Equity funds can also be classified based on market capitalization:
- A recent study reveals that Denisovans not only inhabited but thrived in the challenging high-altitude environment of the Tibetan plateau for over 100,000 years.
- About Denisovans:
- Denisovans are an extinct species of hominid closely related to modern humans, discovered relatively recently in 2010 from remains found in a Siberian cave.
- They inhabited diverse environments ranging from the cold mountains of Siberia and Tibet to the tropical jungles of Southeast Asia during the last Ice Age.Genomic studies suggest Denisovans had a relatively small population with low genetic diversity, implying a potentially limited overall population size.
- The Indian National Centre for Ocean Information Services (INCOIS) recently announced an upgrade to its Regional Analysis of Indian Ocean (RAIN) system, aimed at enhancing the comprehensive monitoring of the Indian Ocean's health.
- About RAIN:
- RAIN is a sophisticated data assimilation system developed at INCOIS.
- Previously focused on salinity and sea surface temperature, the upgraded version now incorporates sea surface height anomaly (SSHA), enhancing its analytical capabilities.
- Key Facts about Indian National Centre for Ocean Information Services (INCOIS):
- Established in 1999 under the Ministry of Earth Sciences (MoES), INCOIS operates as a unit of the Earth System Science Organization (ESSO).
- Its primary mandate is to provide essential ocean information and advisory services to diverse stakeholders including society, industry, government agencies, and the scientific community.
