Ministry of Law and Justice
Press Communique Posted (12 DEC 2022)
In exercise of the power conferred by Article 223 of the Constitution of India, the President is pleased to appoint, Shri Justice Sanjay Vijaykumar Gangapurwala, senior-most puisne Judge of the Bombay High Court, to perform the duties of the office of the Chief Justice of that High Court with effect from the date Shri Justice Dipankar Datta relinquishes the charge as Chief Justice of the Bombay High Court consequent upon his appointment as a Judge of the Supreme Court of India.
RBI
RBI introduces new norm, allows banks to sell loans before 'default' tag (DEC 12, 2022)
Bank and finance companies can sell stressed loans, that are marked default in their records, to asset reconstruction companies (ARCs). The Reserve Bank of India modified the loan sale guidelines last week to allow lenders to sell these loans. Previously, loans could only be converted to ARCs after being in default for more than 60 days or being labelled as non-performing assets (NPAs).
NEWS AT GLANCE
- Government tells Lok Sabha there is no proposal under consideration to revive Old Pension Scheme.
- Finance Minister Nirmala Sitharaman asserts that Indian rupee has been strong against every other currency.
- UAE successfully launches first ever Arab-Built lunar spacecraft.
- Four-day meeting of G20 Development Working Group to begin tomorrow in Mumbai.
- CBI questions K Kavitha, daughter of Telangana Chief Minister K Chandrashekhar Rao, in connection with Delhi Liquor Policy scam.
WORD OF THE DAY
Jus naturale is a Latin term meaning 'natural law'. It is the law of nature. A set of principles that are not derived from any statute or constitution is Jus Naturale.
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