UN/MDG,Foreign_reserves,Land_Act,NBFC&Maoists

Dear all,

Welcome.

UN/MDG: To attain primary education target by 2015, more than half of the countries had lagged behind. A report issued by UNESCO had stated that although wartorn Afghanistan had progressed in women's education. India, Nepal, Sierra lone, Rwanda and Tanzania had also been praised. Niger, Chad, Pakistan, and Ethiopia are far behind. 52% of countries had been successful in attaining target. Three fourth had lagged behind. During past fifteen years, girls had reached schools. Now, target is kept as to be attained by 2030. Presently, six crore youths are bereft of education. Ten crore childrens do not go to schools. It would require 40 lakh teachers. During 2000, girls averaged to 4% which had reached 87% in 2012 in Afghanistan.
Foreign reserves: Country's foreign capital reserves had been 34300.56 crore dollars. It is INR equivalent of 21,46200 crore INR for the week ending April 3.
Foreign currency reserves had been 31864.27 crore dollars and is equivalent of 1993720 crore INR.
The gold reserves amount to 1903.8 crore dollars lessening by 79.9 crore dollars. It is INR equivalent to 1,19,160 crore INR. The SDR had increased to 402.15 crore dollars equivalent to 25170 crore INR. In IMF, country's reserves increased by 8150 crore INR to 130.34 crore dollars.
With regards,

M.K.PachraiyaOriginal_app_mssg(1) Land ActNew Delhi: The Supreme Court on Friday agreed to hear a petition moved by a group of NGOs working for farmers challenging the constitutional validity of government s action to re-promulgate the land acquisition ordinance.

According to reports, the apex court is likely to take up the matter on Monday.

The PIL was filed by Delhi Grameen Samaj, Bharatiya Kisan Union, Grameen Sewa Samiti and another NGO alleging that re-promulgation of the ordinance amounted to executive entering the impermissible domain of enacting legislation.

The NGOs told the court that the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Ordinance was first promulgated in December last year.

As a Parliament Session followed, the NDA government should have introduced a bill on the line of the ordinance to amend the land acquisition Act, 2013.

Instead of following the constitutionally dictated procedure, the government decided not to introduce amendment to Land acquisition Act in Parliament when it was in session and immediately after the session repromulgated the ordinance, the PIL said.

This amounted to government violating the constitutional procedures for ordinance promulgation rendering the executive decision unconstitutional.- With PTI inputs

 

Original_app_mssg(2)   NBFC

KOLKATA: The Reserve Bank of India plans to bar non-banking finance companies from outsourcing core activities such as internal auditing of accounts or sanctioning of loans; and proposed to bring other outsourced activities within its regulatory ambit.

The regulator said that NBFCs are exposed to risks as they are used outsource various activities from processing loan application to supervision. It has prepared a framework to regulate them and their outsourcing jobs.

"The outsourcing activities are to be brought within regulatory purview to protect the interest of the customers and to ensure that RBI has access to all books, records and information available with service provider," It said in the draft report. "Outsourcing involves several risks which need to be managed," RBI said.

This in step with the recommendations of the Financial Sector Legislative Reforms Commission (FSLRC). It has circulated the draft rules seeking market feedback by May 8. The guidelines are applicable to all NBFCs including core investment companies and primary dealers.

Outsourced financial services typically include applications processing for loan origination and credit card, document processing, marketing and research, supervision of loans, data processing and back office related activities.

"Should an NBFC, in its own judgment, decide to outsource a financial services activity, necessary safeguards for addressing the risks inherent in such outsourcing should be put in place, RBI said.

It has made NBFCs responsible for all the actions of their direct sales agents or recovery agents and the confidentiality of information pertaining to the customers that is available with the service provider. It told NBFCs to prepare a grievance redress mechanism for customers

 

Original_app_mssg(3) Maoist
Seven policemen were killed and 10 injured in an ambush by Maoists in the hilly terrain of Chhattisgarh’s Sukma district on Saturday, one of the worst attacks by the rebels in recent months.

“We lost seven jawans. The encounter took place in the remote interior inhospitable area. The injured jawans are being airlifted to Raipur by chopper for immediate medical attention,” additional director general of police (anti-Maoist operation) RK Vij said.

The condition of two injured policemen was described as critical.

There was no report of casualties among the rebels. Officials said a gun battle broke out when the 61-strong Special Task Force squad was ambushed by about 100 Maoist rebels in the south axis of Dornapal-Chintagufa area, where several ambushes and killings of security personnel have taken place in the past.

The Maoists looted the arms of the dead policemen. “Our operation will continue”, Vij said after the attack, one of the worst in recent months.

Two teams of the Central Reserve Police Force were rushed to the area to assist the police in carrying out cordon-and-search operations.

The dead policemen were identified as Platoon Commander Shankar Rao, Head Constables Rohit Sodhi and Manoj Baghel and Constables Mohan VK, Rajkumar Markam, Kiran Deshmukh and Rajman Tekam.

Chhattisgarh chief minister Raman Singh has condemned the attack. Sukma is one of the areas hit hardest by Maoist violence in Chhattisgarh.