7th May 2021

Confidant Classes

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Daily-NEWS-Summary | 26-03-2021-The-Supreme-Court-refuses-to-suspend-the-sale-of-electoral-bonds-before-assembly-elections

Daily-NEWS-Summary | 26-03-2021-The-Supreme-Court-refuses-to-suspend-the-sale-of-electoral-bonds-before-assembly-elections

Daily NEWS Summary | 26-03-2021

The Supreme Court refuses to suspend the sale of electoral bonds before assembly elections

Daily NEWS Summary | 26-03-2021; On Friday, the Supreme Court refused to suspend the sale of electoral bonds before assembly elections in crucial states like West Bengal and Tamil Nadu.

  • The trial of a bench led by Chief Justice of India Sharad A. Bobde said the program started in 2018 and continued into 2019 and 2020 without any hindrance.
  • Chief Justice Bobde, who read the ruling, said the court found no reason to block the sale of election bonds now.
  • The ruling came as a result of an urgent request from the NGO Association for Democratic Reforms (ADR), represented by lawyer Prashant Bhushan, to suspend the sale scheduled for April 1-10.
  • The NGO, also represented by lawyer Neha Rathi, expressed serious concerns that the sale of electoral bonds before the Assembly elections “would further increase the illegal and illicit financing of political parties through front companies.”
  • Attorney General K.K. Venugopal said the sale was announced after obtaining permission from the Election Commission of India (ECI).
  • The ECI registered its support for the electoral bond system during the final hearing of the case earlier this week.
  • The electoral body’s platform was quite surprising as the NGO had consistently argued that the RBI and ECI had opposed the electoral bond system.
  • Data obtained through RTI showed that illegal outlets were opened in the past for the benefit of certain political parties.
  • There is great fear that any additional sale of electoral bonds before the next state elections in West Bengal, Tamil Nadu, Kerala and Assam will further increase the illegal and illicit financing of political parties through political parties.
  • Government had notified the project on January 2, 2018 and had defended electoral obligations as an antidote to the influence of black money in politics and anonymous cash donations of large amounts.

Supreme Court rules in favor of Tata Sons, overturns NCLAT decision reinstating Cyrus Mistry as president

Daily NEWS Summary | 26-03-2021; On Friday, the Supreme Court ruled entirely in favor of Tata Sons Private Limited by reversing the National Corporation Law Appeals Court (NCLAT) decision to reinstall the company, Shapoorji Pallonji group minority shareholder, Cyrus Mistry, as chairman.

  • A three-judge bench led by Chief Justice of India Sharad A. Bobde rejected arguments that the removal of Mistry as chairman by the Tata Sons board was “oppressive.”
  • Chief Justice Bobde, who read the ruling, said that all the legal issues raised in the dispute were in favor of the Tatas.
  • The court dismissed the appeals filed by the Shapoorji Pallonji group.
  • The court said the question of “just compensation” for the Shapoorji Pallonji group cannot be decided by the Supreme Court in this case.
  • The Supreme Court, which ruled in favor of the Tatas, appears to have accepted their argument that the NCLAT ruling effectively amounts to handing over control of the company to a minority (Shapoorji Pallonji group).
  • NCLAT decision was a blow to corporate democracy and the rights of the board of directors, Tata Sons argued in his appeal.
  • Tata Sons said the Court had crossed its jurisdiction by characterizing the appointment of current incumbent N. Chandrasekaran as illegal while reinstating Mistry as president, Mistry’s term as president and CEO of Tata Sons expired in March 2017.
  • NCLAT decision to return him to his “original position” for the “remainder of his term” was against corporate law, a recipe for disaster and a dangerous precedent in law.
  • Furthermore, Mistry had never asked to be reinstated. NCLAT went beyond its jurisdiction, said Tata Sons’ appeal, filed through Karanjawala & Co.
  • The majority of the Tata Sons board voted to replace Mistry as chairman on October 24, 2016 after losing confidence in him.
  • He was again dismissed from his duties as director of Tata Sons on February 6, 2017 following the procedure applied to company appointments.

Modi praises 1971 martyrs and meets minority leaders in Dhaka

Daily NEWS Summary | 26-03-2021; Prime Minister Narendra Modi on Friday paid a rich tribute to the martyrs of the 1971 Bangladesh Liberation War at the National Martyrs Monument in Dhaka and said that the sacrifice of the participants in the historic war will remain a lasting legacy in South Asia.

  • Modi arrived at the monument shortly after landing at Shahjalal International Airport in Dhaka, where he was greeted by Prime Minister Sheikh Hasina and his Council of Ministers.
  • At the beginning of their exchanges, Prime Minister Modi met the leaders of the ruling alliance in Dhaka and met with a delegation of Muktijoddha or former guerrillas who fought in the 1971 war.
  • He also met leaders of religious minorities in Bangladesh.
  • Previously, Modi arrived in Dhaka for a two-day visit to Bangladesh, during which he will attend the celebrations of the country’s Golden Jubilee of Independence, the centenary of the birth of “Bangabandhu” Sheikh Mujibur Rahman, and will meet with his counterpart: Sheikh Hasina.

Center extends validity of driver’s licenses and vehicle documents until June 30

Daily NEWS Summary | 26-03-2021; In view of the current ‘grim’ pandemic situation and the need to prevent the spread of Covid-19 throughout the country, the Ministry of Road Transport has again recommended to law enforcement authorities to treat as valid all documents relating to the vehicle, such as aptitude, license, registration and driving license, the validity of which has expired on February 1, 2020 or would expire on June 30, 2021.

  • Previously, under of Covid-19 in 2020, the Ministry of Road Transport and Highways had issued opinions on March 30, June 9, December 24 and 27.
  • It was reported that the validity of the aptitude, permit (all types), license, registration or any other document in question could be considered valid until March 31, 2021.
  • Secondly, they had issued a notice as citizens faced long queues in front of transport offices.
  • Now the Ministry of Roads has declared that all of the above-mentioned documents can be considered valid until June 30, 2021.
  • This covers all documents whose validity expired on February 1, 2020 or would expire on June 30, 2021. He may be the last warning on this.

Ramesh Jarkiholi CD scandal: woman files complaint through lawyer

Daily NEWS Summary | 26-03-2021; Hours after the publication of a video, the woman in the CD scandal involving the BJP MLA and former Karnataka government minister Ramesh Jarkiholi filed a complaint through a lawyer with the commissioner of Kamal Pant police, requesting action against the chief.

  • Pant asked lawyer K.N. Jagadish Kumar approaches the Cubbon Park police station to file a complaint.
  • In the complaint, the woman accused Jarkiholi of sexually assaulting, cheating and threatening her after promising her a job in the government.
  • The woman said the MLA assaulted her twice and even forced her to share private photos and talk to her. Additionally, he said in the complaint that he made the video to defame it, believing he could file a complaint.

Covid Update

Daily NEWS Summary | 26-03-2021; The number of reported coronavirus cases in India was 1,18,63,815 at the time of publication of this bulletin, with a death toll of 1,62,495.

  • A direct causal relationship between deaths and vaccination with Covid-19 has not been established, and reported adverse events are well within expected numbers, said the Expert Panel Investigating Post-Immunization Adverse Events (AEFI ).
  • The national committee that analyzed AEFI looked at 412 cases of serious adverse events, including 79 deaths (recorded as of March 13).
  • Furthermore they found that deaths have occurred in cases where the person had underlying problems, including heart problems, high blood pressure, diabetes as NK Arora, a member of the national COVID-19 task force, said.
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Daily NEWS Summary | 26-03-2021
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Daily NEWS Summary | 26-03-2021
Description
Daily briefing of NEWS, especially designed for competitive examination aspirants.
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