Interim bail and other types
Supreme Court has recently extended the interim bail of an ex-Minister.
- Interim bail – Granted for a short time before the hearing for the grant of regular bail or anticipatory bail.
- Regular Bail – Granted to a person who has been arrested or is in police custody.
- Anticipatory bail – Can be filed by those who fear arrest for a non-bailable offense.
- Provisions covered in – Criminal Procedure Code (CrPC) (replaced by Bharatiya Nagarik Suraksha Sanhita)
MILAN 24 Exercise
Indian Navy to Host MILAN 24 Exercise in Visakhapatnam.
- A biennial multi-national naval exercise.
- Participating countries – Indian, Indonesia, Singapore, Sri Lanka and Thailand
Henley Passport Index 2024 (HPI)
HPI was released by Henley & Partners, a global leader in residence and citizenship planning.
- Ranks different passports according to number of destinations their holders can visit without a prior visa.
- Based on data provided by – International Air Transport Association.
- India’s Rank – 80th in list of most powerful passports. Has visa-free access to 62 nations.
- Number 1 spot – France, Germany, Italy and Spain, Japan and Singapore
Momentum investing
Many academic studies have shown that momentum investing can generate high returns.
- Refers to a style of investing wherein investors purchase assets such as stocks or bonds that are consistently rising in price, while selling assets whose prices are falling.
- Momentum investor hope that the upward price momentum of these assets would continue, thus allowing them to sell these assets at higher prices in the future to make profits.
- The buy high, sell higher philosophy of momentum investing is in stark contrast to the traditional approach of buy low, sell high.