Legal Current Affairs for 12 April 2026

Born: In Maharashtra into a socially backward Mali community.
He was given a title of Mahatma by Vithalrao Krishnaji Vandekar.
Father of Indian Social Revolution: Phule worked for upliftment of backward classes, and women and wanted abolition of caste system.
Publications: Satyashodhak (Weekly newspaper), Gulamgiri, Brahmananche Kasab, Sarvajanik Satyadharma Pustak, Shetkaryacha Asud etc.

NBFCs cannot accept demand deposits;
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself;
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to depositors of deposit taking NBFCs.
Standalone Primary Dealers, registered as NBFCs with the RBI, can access the Liquidity Adjustment Facility window of the RBI.
Exception: Only those NBFCs holding a specific deposit-accepting Certificate of Registration and a minimum investment-grade credit rating of ‘BBB-‘ are permitted to accept deposits.

Objective: Demonstration of human spaceflight capability by launching a crew of 3 members to a Low Earth Orbit (LEO) of 400 km for a 3 days mission and bringing them back safely to earth, by landing in Indian sea waters.
Two unmanned missions and one manned mission will be undertaken by ISRO.
Three Components of the Mission
Human Rated Launch Vehicle (HLVM-3): ISRO’s reliable heavy-lift launcher, LVM3, has been re-configured to meet human rating requirements. It is a three-stage rocket:
First stage: Two solid-fuel boosters strapped to the rocket core.
Second stage: Powered by two liquid-fuelled, clustered Vikas 2 engines.
Third stage: Equipped with the CE-20 indigenous cryogenic engine, using liquid hydrogen and liquid oxygen as fuel and oxidiser, respectively.

Founded in 1911, it is an international inter-parliamentary organization within the Commonwealth.
Objective: advancement of parliamentary democracy and good governance
Membership: 180 national, state or provincial legislatures divided up between 9 geographic regions of the Commonwealth.
Key publication: The Parliamentarian journal.

Genesis: It was set up by the Government of India under Export (Quality Control and Inspection) Act, 1963.
Ministry: Ministry of Commerce and Industry.
Aim: To ensure sound development of export trade of India through Quality Control and Inspection.
Functions: It is an advisory body to Central Government, which is empowered to notify commodities which will be subjected to quality control and inspection prior to export.
It also exercises technical and administrative control over the five Export Inspection Agencies (EIAs), one each at Chennai, Delhi, Kochi, Kolkata and Mumbai established.

Overview: Apex organisation set up in 2001 under the Ministry of Tribal Affairs.
Aim: Provides financial assistance for income generating and sustainable livelihood activities for Scheduled Tribes.
Achievement: Extended 16.8 lakh loans worth ₹4,400 crore.
Significance: Promotes inclusive growth, livelihood generation, and tribal entrepreneurship.