SUPREME COURT 

Supreme Court to hear on Nov 1 pleas challenging Sec 6A of Citizenship Act (SEP 07, 2022)

The issue has been scheduled for hearing on November 1 by the Bench of Justices D.Y. Chandrachud, M.R. Shah, Krishna Murari, Hima Kohli, and P.S. Narasimha. The court was considering a case challenging Section 6A of the Citizenship Act, which was added in 1985 as part of the Assam Accord. 

The Assam Accord was a Memorandum of Settlement (MoS) signed by representatives of the Government of India and Assam Movement leaders. On 15 August 1985, it was signed in New Delhi in the presence of then-Prime Minister Rajiv Gandhi.  The core point of the accord was the identification and deportation of illegal immigrants from Assam, for which the All  Assam Students’ Union (AASU) had been protesting since 1979.

NEWS REPORT: Supreme Court to hear on Nov 1 pleas challenging Sec 6A of Citizenship Act - Newsx.com

RBI 

RBI Mulls Addressing Monopoly of PhonePe, Google Pay in UPI Space; Deputy Guv Explains (SEP 07, 2022)

Reserve Bank of India deputy governor T Rabi Sankar on Wednesday said that the central bank was going to find a solution to the problem of payments done on the United Payments Interface (UPI) getting concentrated on two big players — Google Pay and PhonePe.

In March 2021, the National Payments Corporation of India, or NPCI, had mandated a cap on the signing up of new users by UPI platforms with over 30 per cent market share.

At the moment, PhonePe leads the chart of the monthly UPI transactions done across the country, with 46 per cent of the total transactions being done on the platform. Google Pay comes next with a share of 38 per cent, while Paytm Payments Bank has a share of just 17 per cent.

NEWS REPORT : RBI Mulls Addressing Monopoly of PhonePe, Google Pay in UPI Space; Deputy Guv Explains (msn.com)

NEWS AT GLANCE 

  • New Delhi Municipal Council passes resolution to rename Rajpath as Kartavyapath.  
  • CBI officials raid houses of West Bengal law minister Moloy Ghatak at Asansol in connection with the coal smuggling case; 
  • Indian-origin barrister Suella Braverman inducted as Home Secretary in the new UK Cabinet.
  • Government to make seatbelts mandatory for all car passengers.  
  • India's first intra-nasal Corona vaccine gets emergency use authorisation from DCGI.  
  • ED raids 30 locations in Delhi, Mumbai, Gurugram and Hyderabad in connection with Delhi Liquor Scam.  
  • India and UK conduct Counter Ransomware Exercise for 26 nations.

WORD OF THE DAY 

An omnibus clause is a clause that provides or includes all residuary not specifically mentioned. For example, in automobile liability insurance an omnibus clause may provide coverage for the named insured, any member of the insured's household, and any person using the automobile with the insured's permission, provided the use was within the permitted scope.  

Also in a will an omnibus clause can distribute to a named beneficiary all unnamed assets included in the decedent's estate.

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1 US Dollar = 79.90 Indian Rupee (Last updated · 7 September at 1:16 pm UTC)

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