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Daily News Analysis The Hindu June 21, 2017 By Jatin Verma Educator Unacademy unacademy For Editorial Analysis & English video,Visit my Unacademy Profile- https://unacademy.com/user/studiousjatin
BenamiTransactions (Prohibition)Act, 2016 [G.S.Paper-2 Polity] Page-10 Benami Transactions (Prohibition) Amendment Act, 2016 provides for: a fine which may extend to 25 per cent of the fair market value of the benami property. rigorous imprisonment of up to seven years, It also empowers the government to confiscate deposits of people using others accounts to convert unaccounted wealth into white money The PBPT Act prohibits recovery of the property held benami from benamidar by the real owner. Properties held benami are liable for confiscation by the Government without payment of compensation. For Daily News & Editorial Analysis, you can follow me on Unacademy https:llunacademy.com/user/studiousjatin
10,000 moreNGOsmay lose licence The Union Home Ministry is examining if the Foreign Contribution Regulation Act (FCRA) licences of over 10,000 NGOs should be cancelled, as they have not complied with the Centre's order to file annual returns under five categories. While over 8,000 NGOs did file the returns under all the five formats, most did not comply entirely. NGOs that receive foreign grants are required to get a FCRA licence and file five annual return forms.There are over 20,000 NGOs registered under the FCRA. IB Report lune 201 42 Greenpeace, Cordaid,Amnesty and ActionAid of "serving as tools for foreign policy interests of western governments" by sponsoring agitations against nuclear and coal-fired power plants across the country. NITI Aayog is the body to regulate(accreditation) Domestic non- foreign funded NGOs
Page-11: GJM pulls out of administration, peace on a precipice in hills. . The Gorkha Janmukti Morcha (GJM) decided to pull out of the Gorkhaland Territorial Administration (GTA) after a meeting of 14 political parties and social organisations in the Darjeeling Hills. The parties unanimously decided to continue the shutdown, and proposed an all-India coordination committee to take up the issue of Gorkhaland. . The GTA is an autonomous body, created after an agreement signed by the GJM, the West Bengal government and the Centre in 201 1.The GJM has administered it so far. brisdiction over 39 ey departments was gien to GTA. . Jurisdiction over 59 key departments was given to GTA.
Dalveer Bhandari gets re-nominated to IC] Syllabus topic:Important International institutions, agencies and fora- their structure, mandate. . India has re-nominated its serving candidate at the International Court of Justice (IC]), the principal legal rving candidate at the International Court ofJustice (C), the Principal egal organ of the United Nations. Justice Dalveer Bhandari, 69,who received the re-nomination, will serve for a term of nine years as the Indian judge at the ICJ, which is the platform of the ongoing Kulbhushan Jadhav case Justice Bhandari,who previously served in the Supreme Court of India, was elected in April 2012 to his current seat. India filed for his re-nomination with UN Secretary General. The election to the ICJ will be held at the next UN session, following which the next term will ensue. ICJ engages itself in cases ranging from maritime disputes,genocide,nuclear disarmament, terrorism and violation of sovereign rights. . The Court consists of 15 judges who are elected to nine-year terms by the United Nations General As- sembly and the Security Council.As a judge of the ICJ.Justice Bhandari will enjoy privileges and immunities equal to the head of a diplomatic mission
The International Court of Justice (ICJ) is the main judicial organ of the United Nations. . Setup under UN Charter of 1945. Permanent seat at Hague, Netherlands. It also has its own international secretariat, outside UN Secretariat. Official court languages: French and English. . ICJ-Judges Total 15 judges, elected for nine year term by UN General Assembly+UNSC.They must get absolute majority at both bodies. Members are eligible for re-election ICJ-Functions: Settle legal disputes submitted by States. As such, its Judgment is final.No mechanism for further appeal. But ultimately judgment has to be enforced by UNSC, therefore it is possible to veto IC] judgments. Advices UN and its special agencies on legal questions referred to it.
Iran-made drone downed in Syria. A U.S. warplane shot down an Iran-made drone operated by pro-regime forces in southern Syria. . The U.S.-led coalition said in a statement that an F-15E Strike Eagle jet destroyed the Shaheed-129 drone around 12:30 am northeast of the Al-Tanaf garrison, which is close to the Jordanian border. Australia halts mission Meanwhile,Australia's military military said on Tuesday it was temporarily halting air missions over Syria, following the shooting down ofa Sunday.
Pakistan begins fencing Afghan border. Pakistan has begun building a fence along its border with Afghanistan to improve security, a move that has angered authorities in Kabul. The two nations are divided by the 2,400-km Durand Line, drawn by British rulers in 1896. Kabul does not recognise it as an international border,causing friction between the two neighbours,with Pakistan suggesting Afghanistan has designs on part of its territory.The line runs through ethnic Pashtun territory,dividing families and tribes. It said a secure border is in interest of both countries and a well-coordinated security mechanism is essential for peace and stability. Afghanistan and Pakistan have long accused each other of turning a blind eye to militants operating along their porous frontier,but Afghanistan is opposed to the building of the fence. PRELIMS QUESTION: Radcliffe Line, MacMohan Line and Durand Line. . Sequence of years in descending order. Sequence of years in descending order. For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin
. Business Page: Resolution process to increase capital requirement for banks As per RBI rules, an account is classified as an NPA when payments are overdue for more than 90 days. Once this is done, banks need to set aside money to cover 25% of the loan amount in the first year. By solving the 500 accounts, a substantial amount of system NPAs-which is about 7 lakh crorewill be resolved. It is clear that once these 500 cases are taken care of, it takes care of a large percentage of stressed assets. Whatever is remaining, it is normal in the system at any given point of time. The ratio of Stressed Advances (including restructured loans and gross bad loans). Stressed assets = NPAs + Restructured loans + written off assets. Takeaway- 'Stressed assets' is a broader term