✎ Kerala's name change to 'Keralam' was approved in Parliament without debate amid Opposition protests.

Relevance for Banking, SSC & RBI Grade B exams: Polity

The Lok Sabha passed the Kerala (Alteration of Name) Bill, 2026, renaming the state as ‘Keralam’ without debate, while the Rajya Sabha cleared the Tribunals Reforms Bill, 2026, to establish a National Tribunal Commission (NTC) for transparent appointments. The NTC, headed by a former Supreme Court judge or High Court Chief Justice, will appoint tribunal members to ensure merit-based selections, aligning with global best practices to strengthen India’s legal framework. These developments are significant for banking and SSC exams as they test candidates’ understanding of parliamentary procedures, constitutional amendments, and governance reforms, which are frequently asked in the polity sections of these examinations.

For RBI Grade B aspirants, the Tribunals Reforms Bill highlights the government’s focus on judicial efficiency and ease of doing business, a key theme in economic governance. The increase in tax liability for entities filing ITR-7—rising threefold to ₹1,043 crore in five years—also underscores the evolving tax landscape, relevant for banking exams that assess awareness of fiscal policies and their socio-economic implications. These topics reflect the intersection of polity, economy, and governance, making them crucial for aspirants preparing for competitive exams.

Source: The Hindu

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