MINISTRY OF FINANCE

Sovereign Gold Bond Scheme 2022-23 (JUNE 17, 2022)

In exercise of the powers conferred by clause (iii) of Section 3 of the Government Securities Act, 2006, the Central Government hereby makes the following Scheme.

The Gold Bonds under this Scheme may be held by a Trust, HUFs, Charitable Institution, University or by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual.

The bonds will be issued in denominations of one gram of gold or multiples thereof. The Gold Bonds shall be eligible to be converted into Demat form. The Gold Bonds shall be repayable on the expiration of eight years from the date of the issue of the BOND.

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SUPREME COURT

SC refuses stay on High Court proceedings against Jharkhand CM (JUNE 17, 2022)

The Supreme Court on Friday refused to halt the Jharkhand High Court’s proceedings against Chief Minister Hemant Soren on PILs seeking a CBI/ED probe against him in connection with the grant of mining lease and transfer of funds into shell companies.  

Hearing a plea against the High Court order which had upheld the maintainability of the Public Interest Litigation (PIL) against Soren, a bench comprising Justice JK Maheshwari and Justice Hima Kohli asked the petitioner to approach the High Court with the matter.

Last month, the apex court had directed the Jharkhand High Court to decide on the maintainability of the PILs. The top court was informed that there were PILs before the High Court, where one of the PILs sought an ED investigation pertaining to alleged offences arising out of the disbursement of MGNREGA funds.  

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MADRAS HIGH COURT 

Madras High Court rejects Rajiv Gandhi assassin Nalini's plea for premature release ( JUNE 17, 2022 )

Dashing the hopes of Nalini, one of the seven convicts in former Prime Minister Rajiv Gandhi assassination case, the Madras High Court on Friday refused to order premature release of her without the consent of the Governor. The first bench of Chief Justice Munishwar Nath Bhandari and Justice N Mala pronounced the orders on the two petitions.

The bench said the High Court does not have the powers to order for premature release of the convicts as done by the Supreme Court exercising powers under Article 142 of the Constitution to release another convict Perarivalan.

Nalini is currently under parole and is staying at a private house in Vellore.

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WORLD AFFAIRS 

UK approves extradition of Wikileaks founder Julian Assange to US (JUNE 17, 2022)

UK Home Secretary Priti Patel has approved the extradition of Julian Assange to the United States on Friday, Spectator Index reported. The case passed to the home secretary last month after the supreme court ruled that there were no legal questions over assurances given by US authorities over how he is likely to be treated.

The United States government unsealed an indictment against Assange related to the leaks provided by Chelsea Manning. On 23 May 2019, the United States government further charged Assange with violating the Espionage Act of 1917.

For News Report, Click Here

WORD OF THE DAY 

Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including aggregate demand for goods and services, employment, inflation, and economic growth.  

Fiscal policy is often contrasted with monetary policy, which is enacted by central bankers and not elected government officials.

NEWS AT GLANCE 

  • Government extends upper age limit for Agnipath recruitment scheme from 21 years to 23 years.
  • Government approves additional Central assistance of over one thousand forty three crore rupees to drought affected Rajasthan and Nagaland.
  • Seventy five beaches of country to be cleaned up to commemorate 'Azadi Ka Amrit Mahotsav.
  • Online helicopter booking service portal launched for Shri Amarnath Ji Yatra.
  • Prime Minister to dedicate to the nation main tunnel and five underpasses of Pragati Maidan Integrated Transit Corridor Project on Sunday.
  • 14th BRICS Summit to be held in Beijing on 23rd June.

MARKET TODAY (as on 17.06.2022)

BSE SENSEX                 51,360.42 ▼ 135.37 (0.26%)

NIFTY 50                        15,293.50 ▼ 67.10 (0.44%)

1 US Dollar = 78.06 Indian Rupee (Last updated · 17 June, 1:34 pm UTC)


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