07 Mar, 2020

  • Centre cannot brand organisations political: SC - Polity & Governance
  • SC upholds 2018 order on land acquisition - Polity & Governance
  • India joins Indian Ocean Commission as Observer - International Relations
  • Financial Crisis at YES Bank, RBI provides Reconstruction Scheme
  • Delimitation panel for J&K, Northeastern states set up - Polity & Governance
  • Practice Questions

Prelims Quiz

    Solution.

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    Description

    Centre cannot brand an organisation ‘political’   

    Supreme Court held that Central government cannot brand an organisation ‘political’ and deprive it of its right to receive foreign funds for using “legitimate forms of dissent” like bandh, hartal, road roko or jail ‘bharo’ to aid a public cause under FCRA.

    • The Petition – Challenged Centre Authority under FCRA provision and Rules
    • The Judgment

     

    Supreme Court upholds 2018 order on land acquisition   

    Constitution Bench of the Supreme Court held that land acquisition proceedings under the 1894 Act will not be deemed to have lapsed under Section 24(2) of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, if the authorities have tendered the compensation by deposit in the Treasury.

    • Supreme Court Judgment 2020
    • Compensation
    • What is the provision and why does it need interpretation?
    • Complexity of taking compensation from the two Acts of 2013 or 1894..!
    • Pune Municipal Corporation v Harakchand M. Solanki
    • (2014) Indore Development Authority vs. Shailendra (2018)

     

    India joins Indian Ocean Commission as observer   

    India has been approved as an observer state for Indian Ocean Commission (IOC). The decision was taken at the meeting of the IOC Conference of ministers in Seychelles making India the fifth observer.

    • About IOC
    • Benefits for India

     

    Financial Crisis at YES Bank, RBI provides Reconstruction Scheme

    India's fifth largest private sector bank "Yes Bank" has been placed under moratorium by the Central Government due to its poor financial position. In response, the RBI has come up with the scheme for Reconstruction to improve the financial position of Yes bank.

    The financial crisis within the Yes Bank raises grave concerns since it could have contagion impact on the entire financial sector. Further, it also raises questions over the failure of RBI to prevent the escalation of the financial crisis in the Yes Bank. Some of the economists have pointed out that RBI should have acted much earlier rather than waiting for the crisis to reach such a level.

    • Factors which have led to Present Crisis
    • Prompt Corrective Action - PCA
    • What has RBI done now?
    • Scheme for the Reconstruction of Yes Bank
    • Are there any such instances of Bank taking over another Bank?
    • What should be done in order to prevent the repeat of such crisis in future?

     

    Delimitation of J&K & North Eastern States set up

    As per the notification of Law Ministry, government has constituted a Delimitation Commission, to be headed by former Supreme Court Judge Ranjana Prakash Desai, to redraw Lok Sabha and assembly constituencies of the Union Territory Jammu and Kashmir and the northeastern states of Assam, Arunachal Pradesh, Manipur and Nagaland.

    • The Jammu & Kashmir reorganization Act, 2019
    • Purpose of Delimitation
    • Article 82
    • Delimitation Commission
    • Delimitation Act, 2002 provides for the following:
    Comments

    Bibek Kumar 2 months ago

    Glad to see this platform. YouTube just distract a lot by suggesting much more irrelevant videos. Thank you Rau’s team