Ministry of Law and Justice

PM to address the inaugural session of Joint Conference of Chief Ministers and Chief Justices of High Courts on 30th April (APR 29,2022)

Prime Minister Shri Narendra Modi will participate in the inaugural session of the Joint Conference of Chief Ministers of States and Chief Justices of High Courts at Vigyan Bhawan, New Delhi on 30th April, 2022 at 10 AM. He will also address the gathering on the occasion.  

The Joint Conference is an occasion for the executive and the judiciary to come together to create frameworks for simple and convenient delivery of justice and to discuss steps required to overcome the challenges facing the justice system. The previous such conference was held in 2016. Since then, the government has taken various initiatives for improving infrastructure and integration of digital technology in court processes under eCourts Mission Mode Project.

For Press Release, Click Here 

SUPREME COURT 

Foreign MBBS holders can't be given provisional registration without clinical training, says Supreme Court (APR 29, 2022)

Foreign MBBS holders can’t be given provisional registration to complete their internship in India without completing the clinical training in physical form, the Supreme Court ruled on Friday.

The ruling came on the NMC’s appeal against a Madras High Court’s order reversing the Tamil Nadu Medical Council’s decision declining provisional registration to some students who had undergone nine semesters of their academic course including clinical training in medical colleges in China. However, due to COVID19 pandemic, the clinical training for Ophthalmology, Otorhinolaryngology and Nuclear Medicine in the 10th Semester was done online and they were granted MBBS degrees.

For Copy of Judgement, Click Here

For News Report, Click Here

Ministry of Information & Broadcasting 

News on Air Radio Live-stream Global Rankings (APR 29, 2022)

All India Radio’s relevance as the voice of India on global geo-political issues remains prime was evident in latest NewsOnAir ranking data which has revealed that the Punjabi service of All India Radio ‘AIR Punjabi’ is quite popular in Russia, amidst the ongoing Russia-Ukraine conflict, apart from its growing following in countries like United States, Canada, Finland and Ireland. 

In the latest rankings of top countries in the world (excluding India) where All India Radio live-streams on NewsOnAir App are most popular, United States, United Kingdom, Canada and Australia continue to top the charts, while Kuwait has made a comeback by displacing Nepal from the top list. 

Among the top All India Radio streams globally (excluding India), AIR Karaikal, AIR Kodaikanal and VBS Delhi have entered top 10, while AIR Pune, AIR News 24*7 and FM Gold Mumbai are out. More than 240 Radio Services of All India Radio are live-streamed on NewsOnAir App, Prasar Bharati’s official App. These All India Radio Streams on NewsOnAir App have a large number of listeners not just in India, but globally, in more than 85 countries.

For Details, Click Here

RBI

Guidelines on Compensation of Key Managerial Personnel (KMP) and Senior Management in NBFCs (APR 29, 2022)

A revised Scale Based Regulatory (SBR) framework for NBFCs was put in place vide circular DOR.CRE.REC.No.60/03.10.001/2021-22 October 22, 2021. 

  • In terms of para 3.2.3 (h) of the said circular, in order to address issues arising out of excessive risk taking caused by misaligned compensation packages, NBFCs are required to put in place a Board approved compensation policy. The policy shall at the minimum include, 
    • constitution of a Remuneration Committee, 
    • principles for fixed/ variable pay structures, and 
    • malus/ clawback provisions. 

  • Further, in terms of para 3.2.3 (i) it was also decided that the Board of NBFCs should delineate the role of various committees, including Nomination and Remuneration Committee (NRC). It was envisaged that detailed circulars will be issued in due course by the Reserve Bank. Accordingly, these guidelines have now been framed and furnished in Annex.
These guidelines shall come into effect from April 01, 2023.

For Notification, Click Here

INDO - PACIFIC

Sri Lanka Prez Gotabaya Rajapaksa To Form Interim Govt; PM Mahinda Rajapaksa Steps Down (APR 29, 2022)

Sri Lanka’s former president Maithripala Sirisena told reporters in Colombo that beleaguered president Gotabaya Rajapaksa agreed on Friday to form an interim government comprising all the political parties of the island nation. Sirisena also informed that the government will be formed without the participation of prime minister Mahinda Rajapaksa.

Sirisena also told reporters that the new cabinet will comprise at least 2o members. A National Council will comprise all political parties and decisions will be made after reaching an agreement with the members of the council.

Protests in Sri Lanka continue as the nation faces severe food, fuel, power and medicine shortage due to the ongoing economic crisis. Protesters have taken to the streets pressuring the Rajapaksas to step down. According to a report by news agency Associated Press, Sri Lanka will repay $7 billion in foreign debt this year, and $25 billion by 2026. Its foreign reserves currently stand at less than $1 billion.

For News Report, Click Here

WORD OF THE DAY 

A subpoena or witness summons is a writ issued by a government agency, most often a court, to compel testimony by a witness or production of evidence under a penalty for failure. There are two common types of subpoenas:  subpoena ad testificandum and subpoena duces tecum 

MARKET TODAY ( as on 29.04.2022 )

BSE SENSEX                  57,060.87 ▼ 460.19 (0.80%)     

NIFTY 50                        17,102.55 ▼ 142.50 (0.83%)

DOLLAR VS RUPEE 

1 US Dollar = 76.48 Indian Rupee (April 29, 3:20 PM UTC)

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