Thursday, August 1, 2013

Party/RTI,Modi,Court_Rulings,RBI,Sahara,ISRO&MBT

Dear all,
Welcome.

Political Outfits/ RTI: The govt. had decided to keep all political parties out of RTI law. It would suitably amend RTI Act 2005. A draft in this regard would be put up before the cabinet. It is prepared by the DoPT.
It is to note that the govt. had to take the step as earlier order issued by CIC had kept political parties under the scope of RTI. It had also directed six major political patties to appoint Information Officer within a period of six weeks. These are Congress, BJP, BSP, CPI, CPM, & NCP. CIC had also told them to made donations public, which had been opposed by all political parties except CPI.
The Act 2 of said RTI act would be amended for new definition of public servant. The CIC had issued order on June 3.

Modi brand: At Jharkhand's Ramgarh district, BJP member, Yashwant Sinha, had stated that Modi would be the next PM. He is saying it openly. He also stated that cine actor Shatrughan Sinha is his friend but his statement is objectionable with Nitish kumar as the one who betrayed. He spoke to reporters at BJP leader's house. due to govt. policies, fiscal deficit had reached heights but Congress is playing. Food Security bill is dangerous than MNREGA. It would become a source of corruption.
Nitish kumar had been made Bihar CM by BJP itself. During the upcoming elections, his stature would be lowered.

Court Rulings:
1. NEET: The Health ministry would raise legal steps for continuing NEET for medical students. Under it, Ministry would file review petition against Supreme Court's order. If it doesn't work, the law may also be amended suitably. It's stance is agreeable to law ministry.
It is to note that three member bench had decided to cancel the NEET test by 2-1. Though Justice Dave had maintained MCI decision to continue it. He had cited paucity of time for consideration by other Judges.
2. KNPP: The Executive Chief Justice Bench had rejected two petitions related to Atomic Energy Regulatory Board's NOC for implementation of 15 directions by Supreme Court. Making them as basis, a petition was filed on July 17 wherein the State govt. had told Court that the criminal cases against protesters could not be reverted tback as the City's situation is not conducive to it. The Madras High Court had asked for reverting of cases against those accused for anti-Nuclear power plant demonstration
3. PMLA: The case against Cine star, Bachhan, & SP's Amar Singh is on the verge of closure. It is to note that the administration had asked for information on thirteen points after it was registered under Prevention of Money laundering act. The resident of Chakeri Post had lodged a complaint under PMLA act against both of them. He had alleged that Amar Singh had benefited his company while he was UP State development Coucil's President. The Energy development co, Pankaja Art and credit ltd, EDCL power project let, EDL Infrastructure Ltd, Easter India Chemical lt, Sarvottam Caps ltd etc. were used for Money laundering purpose. He had earned money as public servant illegally. The govt. had asked report on 13 points from District Magistrate.

Modi & Rally: The constitution of separate State from erstwhile South Indian State had been declared by Congress to fetch victory during upcoming general elections. But BJP had after considering the issue raised doubts on it and presented it's own road map for development. Modi would be attending the rally on August 11 at the State's capital but prior to it, he had in an open letter promised development. Besides, he had asked for joint capital whereas Congress had been keeping the issue pending during past nine years.
Congress had snatched a political issue but Modi brand is also preparing for fighting back. He had addressed in a letter that BJP would be doing development which would have all areas covered.
Congress's policy had not been transparent. It is not reliable whereas BJP govt. had made three States viz. Uttarakhand, Jharkhand & Chattisgarh. He also raised few questions about consensus not having happended uptil date.

RBI: Due to rupee downfall and price hike, the RBI had declined to lessen interest rates during quarterly monetary policy review. No reduction in rates is done due to which there would be no dose provided to the economy. The industry had demanded for it.
As per Central bank, the economy is undergoing through a bad phase and efforts are being made in this regard. It is mostly due to unstable major global economies. The Current Account deficit is not improving despite steps being taken in this regard. The Central govt. is asked to take immediate steps.
Also, investment scenario is not improving for which govt. had taken various steps. The delay in implementation of projects for which govt. had taken steps is also not lessening. However, the price control steps would be showing improvement. This would provide relief during March 2014. The economic growth rate is reduced from 5.7 to 5.5%.

Sahara Group: The Company law act and SEBI act violation had resulted in a summon being issued by a local Mumbai Court to Sahara Chief and group's two companies. They had been summoned on September 30. Earlier, a summon was sent by Court on a petition made by SEBI. But it had not been received resulting in another summon. SEBI had alleged that the company had violated Sahara of collecting money from investors illegally.
Recently, Supreme Court had issued contempt of court notice to Sahara India Real estate Corp. (SIREC) and Sahara India Housing Investment Corp. (SHIC) directors. SEBI had argued that Managing director is also responsible equally like other directors. It is to note that Supreme Court had asked Sahara to return investors 24,000 crores INR but SEBI had claimed that it had not reutrned the money.
Sahara's MD claims that he cannot be held responsible personally. Neither he is director nor he is holding executive post. He is shareholder. SEBI's counsel had argued that he is equally responsible as he is promoter with 70% stakes in it. They had asked for maximum penalisation and sentence. The Court had asked as to how the recovery is to be made.

ISRO: ISRO & NASA are planning for developing a satellite jointly. ISRO chief had told that the study would be done whether it could be developed jointly, which has synthetic aperture radar. It should be able to work on two frequency bands L & S. SAR changes the sound vibrations of different radars into pictures.
with SAR technique, the ground activities could be monitored. NASA administrator had visited Space Application Centre in this regard. The joint Satellite mission would be an advantage. It is not just making an equipment but working jointly. Both organisations are coming closer for developing it.

Arjun Mark-II: India's Main Battle tank (MBT) would be undergoing final testing during August. Along with 19 big changes, around 93 corrections had been made in it. It could find land mines, has automatic target tracking, and Advanced land navigation system techniques etc. Through it, a total of 500 rounds could be fired at a single time, which is more than T-72s 250 rounds. The South region Chennai based Battle tank Research and development institute had designed it.

With regards,

M.K.Pachraiya

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