Legal Current Affairs for 02 January 2026

National Sports Governance Act, 2025: Introducing an independent National Sports Board, a National Sports Tribunal for disputes, national sports election panel etc.
Khelo Bharat Niti-2025: Policy for strengthening talent identification in rural/tribal areas, upgrading district/block-level facilities etc.
Khelo India Programme: India’s national initiative to revive sports culture at the grassroots level.

It refers to a scenario in which two suppliers dominate the market for a commodity or service.
In India, markets with just two suppliers in operation are becoming more common. E.g., Duopoly of Ola and Uber in cab services.
Reason for Rise of Duopoly
High capital requirements: Makes entry and survival difficult for smaller firms. E.g., Aviation sector.
Network effects: Big firms spend early on to acquire customers, squeezing out competitors. E.g., Telecom sector
Regulatory Gaps: Allows dominance to deepen.

Code on Social Security (2020) provides a formal safety net.
Inclusion Criteria (90-day rule): gig workers engaged for at least 90 days a year (or 120 days across multiple platforms) are now eligible for formal social security benefits like health and accident insurance via the e-Shram portal and Ayushman Bharat.
Pradhan Mantri Suraksha Bima Yojana (PMSBY): All eligible registered unorganised workers including gig workers are entitled to get benefit of an accidental insurance cover of Rs. 2.0 Lakh for a year.
Legal interventions by State Governments: Rajasthan Platform-Based Gig Workers Act, 2023, etc.

Nature: Apex, non-statutory council under the Ministry of Finance established in 2010 to strengthen financial stability mechanisms.
Composition: Chaired by the Union Finance Minister with members including the RBI Governor, heads of SEBI, IRDAI, PFRDA, IBBI etc. along with several government secretaries and Chief Economic Adviser.
Functions: Coordinates macro-prudential supervision, promotes inter-regulatory coordination, financial sector development, inclusion and literacy.
FSDC Sub-Committee: Chaired by the RBI Governor; provides inputs to FSR and deliberates on systemic risks.

Bulgaria has adopted the euro as its official currency, becoming the 21st Eurozone member.
Political Features
Location: Southeast Europe, on Balkan Peninsula.
Neighbouring countries: Romania (North), Turkey and Greece (South), and North Macedonia and Serbia (West).
Bordering water body: Black Sea (East).
Geographical Features
Climate: Varies from continental to Mediterranean.
Major Rivers: Danube, Maritsa, Struma etc.

Platform: Hindustan Aeronautics Limited’s ALH Dhruv is an indigenously developed, twin-engine multi-role helicopter.
Variant: Dhruv-NG is the new-generation civilian version with modern avionics and systems.
Roles: Designed for transport, air ambulance, disaster relief, tourism, and utility missions.

It is the European Union’s (EU) policy to impose a carbon tax on imports of certain products from countries with less stringent climate policies. E.g. Steel.
CBAM, implemented in 2023, moves from transitional phase to full enforcement by 2026.
Objective: Prevent Carbon Leakage by stopping firms from shifting production to countries with weaker climate rules.
Sectors Covered: Cement, aluminium, fertilisers, iron and steel, hydrogen and electricity.
Trade Impact: Indian exports of steel, aluminium, cement may face higher costs.

Ancient origin: The world’s oldest bee lineage, existing for nearly 80 million years.
Anatomy: They possess stingers, but these are highly reduced and functionally useless for defense.
Diversity: Nearly 500 species exist globally, with over 170 found specifically within Peru.
Healing: Their “liquid gold” honey is prized for its potent antibacterial and anti-inflammatory properties.
Significance: These ancient pollinators sustain 80% of Amazonian flora, including cacao and coffee.