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Ministry of Consumer Affairs, Food & Public Distribution
Bureau of Indian Standards (BIS) develops an Indian Standard for 'Non-electric cooling cabinet made of clay' (JUNE 16, 2022)
Bureau of Indian Standards (BIS), the National Standards Body of India, has developed an Indian Standard, IS 17693: 2022 for 'non-electric cooling cabinet made of clay'. Named as ‘Mitticool refrigerator’, Shri Mansukh Bhai Prajapati from Gujarat is the innovator behind the refrigerator which projects an eco-friendly technology.
BIS standard specifies the construction and performance requirements of a cooling cabinet made out of clay, which operates on the principle of evaporative cooling. These cabinets may be used to store perishable foodstuff without the need of electricity. This standard helps BIS in fulfilling 6 out of 17 United Nations Sustainable Development Goals (SDGs) like No poverty, Zero hunger, Gender equality, Affordable and clean energy, Industry, innovation, and infrastructure, and Responsible consumption and production.
KARNATAKA HIGH COURT
Official Communication Between Two Public Servants Without It Being Referred To Other Departments Not Defamation: Karnataka High Court (JUNE 16, 2022)
The Karnataka High Court has held that a pure official communication between two people, without it being referred to any other department or a quarter, cannot become the ingredient of Section 499 of the IPC.
A single judge bench Justice M Nagaprasanna allowed the petition filed by D. Roopa, presently working as Managing Director, Karnataka Handicraft Development Corporation and quashed the proceeding pending against her before the magistrate court on a complaint filed by former IPS officer HN Sathyanarayana Rao under sections 357, 499 and 500 of the IPC.
SECURITIES APPELLATE TRIBUNAL
SAT stays SEBI's notices issued to BSE, NSE in Karvy Stock Broking case (JUNE 16, 2022)
The Securities Appellate Tribunal (SAT) on Thursday stayed Sebi's demand notices issued to stock exchanges, BSE and NSE, in a case related to Karvy Stock Broking Ltd (KSBL), whereby the regulator had asked them to pay over Rs 5 crore within 15 days.
In its order, the appellate tribunal observed that these appeals were listed for admission on June 14, on which date the matters were adjourned for June 21, and an oral direction was given to Sebi that no recovery should be made till that date.
In an order on April 12, Sebi had slapped a penalty of Rs 3 crore on BSE and Rs 2 crore on NSE for "laxity" on their part in detecting misuse of clients' securities by KSBL.
WORLD AFFAIRS
UAE Cybercrimes Law: Accessing your husband’s or wife’s phone without permission can land you in legal trouble (JUNE 16, 2022)
On June 14, the UAE Public Prosecution raised awareness about Article 9 of the Federal Decree-Law No. 34 of 2021 for Combatting Electronic Crimes and Rumours, also referred to as the Cybercrimes Law. The Article stipulates penalties that a person faces if he or she obtains a password or passcode without permission.
As per the law, a person can face a monetary fine between Dh50,000 and Dh100,000 for accessing any information system by using a password they obtained without permission. The action will be considered an aggravated offence if the password was obtained in an unauthorised manner with the intent to commit a crime.
WORD OF THE DAY
The term liability insurance refers to an insurance product that provides an insured party with protection against claims resulting from injuries and damage to other people or property. Liability insurance policies cover any legal costs and payouts an insured party is responsible for if they are found legally liable.
Unlike other types of insurance, liability insurance policies pay third parties—not policyholders.
MARKET TODAY (as on 16.06.2022)
BSE SENSEX 51,495.79 ▼ 1,045.60 (1.99%)
NIFTY 50 15,360.60 ▼ 331.55 (2.11%)
1 US Dollar = 78.03 Indian Rupee (Last updated · 16 June, 2:28 pm UTC )
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