CBDT

Govt appoints Indian Revenue Services officer Nitin Gupta new CBDT chairman (JUNE 27, 2022)

IRS officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.  Gupta, an Indian Revenue Service (IRS) officer of the 1986 batch of the Income Tax cadre, is serving as the Member (investigation) in the Board and is scheduled to retire in September next year.

The post of the CBDT chief was being held in an additional capacity by Board member and 1986-batch IRS officer Sangeeta Singh after J B Mohapatra retired on April 30.  

The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary.

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MINISTRY OF FINANCE 

Finance Ministry asks banks to tie up with fintech; explore co-lending opportunities (JUNE 27, 2022)

The Finance Ministry has asked public sector banks to explore fintech partnerships and co-lending opportunities to expand their business. The ministry also urged the heads of the public sector lenders to strengthen IT security systems and cybersecurity to check fraud.

As per the RBI's latest data, growth in lending by PSBs has improved significantly to 7.8 per cent in March 2022 from 3.6 per cent a year ago. Some of the PSBs recorded 26 per cent growth.

To improve the financial health of PSBs, the government implemented a comprehensive 4Rs strategy -- recognition of NPAs transparently, resolution and recovery of value from stressed accounts, recapitalisation of PSBs, and reforms in PSBs and the wider financial ecosystem -- for a responsible and clean system.

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BOMBAY HIGH COURT 

Bombay High Court: No defamation in case of fair reporting of FIR (JUNE 27, 2022)

The Bombay High Court while quashing criminal proceedings of defamation that had been initiated over a news report has stated that a true report of affairs available in the public domain is a right that follows from the fundamental right granting freedom of speech.

The ruling stated that taking action on the grounds of defamation against a true report is an unhealthy practice in a democratic setup. It also stated that it is not the responsibility of the publisher to ascertain the authenticity of the facts mentioned in a First Information Report (FIR).

NHRC 

NHRC directs Govt to take steps on abuse of minors in short stay homes (JUNE 27, 2022)

The National Human Rights Commission (NHRC) directed the State’s Chief Secretary to initiate measures on the recommendation of the Special Rapporteur, on the issue of death and exploitation of children in Shelter homes in the State in general and in the Dhenkanal district in particular.

Disposing a petition filed by rights activist and lawyer Radhakanta Tripathy the NHRC passed the order seeking compliance of suggestive measures by the Special Rapporteur.

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NEWS AT GLANCE 

  • In 90th edition of Mann ki Baat program, Prime Minister Modi exhorts Indians to never forget the dreadful period of emergency; Says, people of the country defeated dictatorial mindset through democratic means.

  • Political turmoil in Maharashtra continues; Shiv Sena initiates legal proceedings against 16 rebel MLAs

  • G7 Summit kicks off in Germany; Announces 600 billion dollar infrastructure initiative to help developing countries tackle climate change.
  • Prime Minister Modi meets Argentinian President Alberto Fernandez on the sidelines of G7 Summit.
  • Rebel Shiv Sena leader Eknath Shinde moves Supreme Court challenging disqualification notices issued to rebel Maharashtra MLAs by Deputy Speaker.
  • Social activist Teesta Setalvad and former Gujarat DGP RB Sreekumar remanded to police custody till July the 2nd in fabrication of evidence case.
  • Opposition's Presidential poll candidate Yashwant Sinha files nomination papers.
  • Iran launches a solid-fueled rocket into space.

WORD OF THE DAY

Section 499 of the Indian Penal Code deals with defamation. Defamation occurs when a person or publication makes or publishes any untrue statement or allegation or false information related to any person which could lead to maligning their reputation.

MARKET TODAY (as on 27.06.2022)

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1 US Dollar = 78.44 Indian Rupee ( Last updated · 27 June, 2:09 pm UTC )

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