Ministry of Finance

Ms Bharati Das takes charge as new Controller General of Accounts (CGA) (oct 18, 2022)

Ms Bharati Das, a 1988-batch Indian Civil Accounts Service (ICAS) officer, is appointed by the Government of India as the Controller General of Accounts (CGA), Department of Expenditure, Ministry of Finance, with effect from October 18, 2021.

Controller General of Accounts (CGA) is ‘the Principal Advisor’ on Accounting matters to the Union Government. CGA is responsible for establishing and managing a technically sound Management Accounting System and preparation & submission of the accounts of the Union Government. CGA is also responsible for exchequer control and internal audits for central Government.

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SUPREME COURT

President, ministers can file defamation cases as private citizens, holds Supreme Court (OCT 18, 2022)

A bench of Justices S Abdul Nazeer and V Ramasubramanian made the observation while dismissing Bharatiya Janata Party leader Manoj Tiwari’s plea against a Delhi High Court order refusing to quash the summon served to him in a criminal defamation case filed by Delhi Deputy Chief Minister Manish Sisodia.

In his plea, Tiwari had argued that under Section 199 of the Criminal Procedure Code, there was a special procedure for presidents, vice presidents, governors, ministers and other public servants to file a defamation case. 

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KERALA HIGH COURT 

Illegal hoardings: Kerala High Court%C2%A0flexes muscle, flays state govt (OCT 18, 2022)

The Kerala High Court on Monday flayed the state government for not implementing the court’s directives and the government circulars against the erection of illegal flex boards, hoardings, and banners in public places such as the road margins and medians. 

Justice Devan Ramachandran, while hearing cases relating to the erection of unauthorised flags and banners, observed that the High Court was pursuing the issue for the last four years.

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WORLD AFFAIRS 

World Bank steps in to mediate water dispute between India and Pakistan (OCT 18, 2022)

The World Bank, which brokered the I960's Indus Basin Treaty took a complex path after Islamabad and New Delhi could not build consensus on any single mechanism for the dispute resolution, given in the treaty, The Express Tribune reported.

India had requested for appointment of a 'Neutral Expert', while Pakistan opted for Court of Arbitration.  In response, Michel Lino has been appointed as the Neutral Expert and Professor Sean Murphy has been appointed as Chairman of the Court of Arbitration, according to the World Bank.

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NEWS AT GLANCE 

  • 12th DefExpo to begin today in Ahmedabad and Gandhinagar.  
  • Britain's new finance minister Jeremy Hunt reverses most of economic package announced by government just weeks ago.  
  • Japan to conduct probe into Unification Church after assassination of Former Prime Minister Shinzo Abe

WORD OF THE DAY 

Assentio mentium – The meeting of minds, i.e. mutual assent.

MARKET TODAY (as on 18.10.2022)

BSE SENSEX                58,960.60 INR▲ +549.62 (+0.94%)

NIFTY 50                      17,486.95 INR▲ +175.15 (+1.01%)

1 US Dollar = 82.27 Indian Rupee (Last updated · 18 October at 2:54 pm UTC)

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