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Ministry of Women and Child Development
Nari Adalat ( MAR 25, 2022 )
The Government has now approved ‘Mission Shakti’, an integrated women empowerment programme. The program is carefully designed to touch upon and address all concerns and issues of women, responsively, in a comprehensive manner, and during their entire lifecycle continuum. One of the components included in Mission Shakti is 'Nari Adalat'. Initially, it is being started on a pilot basis, for providing women with an alternate Grievance Redressal Mechanism for resolving cases of petty nature (harassment, subversion, curtailment of rights or entitlements) faced by them at local level.
The National Commission for Women (NCW) used to provide financial assistance to Non-Governmental Organisations (NGOs) for organising Parivarik Mahila Lok Adalats (PMLAs) till the year 2014-2015. Thereafter, the scheme has been discontinued by the NCW.
This information was given by the Minister of Women and Child Development, Smt. Smriti Zubin Irani, in a written reply in Lok Sabha today.
For Press Release, Click Here
Enforcement Directorate (ED)
ED attaches assets worth Rs 11.35 cr of Shiv Sena MLA in NSEL scam (MAR 25, 2022)
The Enforcement Directorate (ED) has attached assets worth Rs 11.35 crore of Pratap Sarnaik, a Shiv Sena MLA. The assets include 2 flats and a parcel of land in Thane, and the same were attached under the Prevention of Money Laundering Act (PMLA) in the National Spot Exchange Limited (NSEL) fraud which is worth Rs 5,600 crore.
The central agency said one of the defaulters of NSEL, Aastha Group, diverted Rs 21.74 crore to Vihang Aastha Housing Project LLP between 2012-2013. Out of this, Rs 11.35 crore was transferred to Vihang Enterprises and Vihang Infrastructure Pvt Ltd, controlled by Sarnaik and his family. The agency added that the remaining amount of Rs. 10.50 crore from Aastha Group was paid to Yogesh Deshmukh. Aastha Group owes Rs 242.66 crore to NSEL, it said.
The ED probe is based on a case filed against the NSEL in 2013 with the Economic Offences Wing of the Mumbai police.
Shiv Sena leaders who are currently facing probe from the ED are Anandrao Adsul, Pratap Sarnaik, Anil Parab and Bhavana Gawali. On Tuesday, the ED had provisionally attached immovable properties worth Rs 6.45 crore in the case of M/s Pushpak Bullion, one of the Group companies of Pushpak Group.
Supreme Court
1987 Road Rage Case :"No Intention To Kill", Navjot Singh Sidhu Opposes Plea To Enhance Sentence; Supreme Court Reserves Judgment ( MAR 25, 2022 )
The Supreme Court on Friday reserved its judgment on the review petition preferred by the family of victim Gurnam Singh against its 2018 verdict that had reduced the sentence of Navjot Singh Sidhu to Rs 1000 from 3 years imprisonment in a 1987 road rage accident in which Gurnam Singh had died.The review petitions were listed before the bench of Justices A. M. Khanwilkar and Sanjay Kishan Kaul. On February 25, the Top Court had asked Navjot Singh Sidhu to file reply on the miscellaneous application seeking punishing Sidhu for the offence of murder instead of causing hurt under section 323 IPC for which he was convicted. Senior Advocate Siddharth Luthra for the petitioners had earlier submitted that the petitioners had filed an application seeking enlargement of the scope of notice (which limited on the aspect of quantum of sentence).
Case Title: Jaswinder Singh (Dead) Through Legal Representative v. Navjot Singh Sidhu And Ors.
SC refuses to entertain plea seeking disclosure of PM-Cares Fund ( MAR 25, 2022 )
The Supreme Court Friday refused to entertain a plea seeking a direction to the Centre to disclose accounts, activity and expenditure details of the PM-CARES Fund and make it open for audit by the Comptroller and Auditor General of India (CAG).
A bench of Justices L Nageswara Rao and B R Gavai asked the petitioner to approach the Allahabad high court and file a review petition in the matter. Senior advocate Devadatt Kamat, appearing for the petitioner, submitted that the ambit of relief sought is totally different and validity and disclosure of PM-CARES Fund was sought.
Business
Ola to acquire Avail Finance ( MAR 25, 2022 )
Mobility firm Ola has signed an agreement to acquire neo bank Avail Finance which provides financial services to the blue-collared workforce and has over 6 million users, the company said on Thursday. The acquisition is a key step in Ola's broader push into the fintech space as it looks to uild a mobility-focused financial services business under Ola Financial, it stated.
With this expansion, Ola will be able to cross-sell multiple lending products to its large driver-partner base. Ola recently invested nearly Rs 800 crores into its financial services business. The company is offering a buy now pay later service, Ola Postpaid, to its four crore customers.
World Affairs
BYJU’S named as official sponsor of FIFA World Cup Qatar 2022 ( MAR 25, 2022 )
Ed-tech company BYJU’S on Thursday said it has been named as an official sponsor of the FIFA World Cup Qatar 2022. BYJU’S, through this partnership, will leverage its rights to the FIFA World Cup 2022 marks, emblem, and assets, and run unique promotions to connect with football fans around the world, the company said in a statement. It will also create engaging and creative content with educational messages as part of a multifaceted activation plan.
The 2022 FIFA World Cup is scheduled to take place in Qatar from 21 November to 18 December, 2022.
Word of the Day
UNIVERSAL BANKING is a system of banking where banks undertake a blanket of financial services like investment banking, commercial banking, development banking, insurance and other financial services including functions of merchant banking, mutual funds, factoring, housing finance, insurance etc.
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Dollar vs Rupee
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