SUPREME COURT 

Supreme Court to consider hearing in open court a review petition filed by Centre against 2022 judgment (31 JAN 2023)

The 2022 judgment had declared Sections 3(2) and 5 introduced through the Benami Transactions (Prohibition) Amendment Act of 2016. The 2016 law had amended the original Benami Act of 1988. It had expanded the 1988 Act to 72 Sections from a mere nine Sections.

Section 3(2) had provided for punishment of three years’ imprisonment for those who had entered into benami transactions between September 5, 1988 to October 25, 2016. That is, a person could have been sent behind bars for a benami transaction entered into 28 years before the section even came into existence. The court had held that the provision violated Article 20(1) of the Constitution.

NEWS REPORT : Amendments in Benami law | Supreme Court to consider hearing in open court a review petition filed by Centre against 2022 judgment - The Hindu

DELHI HC 

Delhi HC sends to SC plea seeking uniform minimum age for marriage for men and women (31 JAN 2023)

The high court had earlier sought the Centre's response on the BJP leader's PIL claiming that the difference in the minimum age of marriage for men and women was based on patriarchal stereotypes and had no scientific backing.  The difference in marriage age violated the principles of gender equality, gender justice and dignity of women, the petition claimed.

DETAILS : Delhi HC sends to SC plea seeking uniform minimum age for marriage for men and women - The Economic Times (indiatimes.com)

FINANCE NEWS 

Gold shines brighter than in a decade, demand for yellow metal surges to 11-year high (31 JAN 2023)

The annual demand for gold (excluding OTC) in 2022 has risen 18% on-year, hitting an 11-year high, according to the World Gold Council’s latest report. The annual demand for gold surged to 4,741 tons, propelled by a record breaking fourth quarter. 

Retail investors and central banks flocked to the safe haven asset as fears of a global economic slowdown loomed. Despite numerous headwinds such as growing interest rates, a strong US dollar and geo-political tensions, gold ended CY22 with a mild gain at $1,800 per ounce.

NEWS REPORT : Gold shines brighter than in a decade, demand for yellow metal surges to 11-year high (msn.com)

NEWS AT GLANCE 

  • President says, continuation of Garib Kalyan Anna Yojana is hallmark of a sensitive and pro-poor government.  
  • Finance Minister Nirmala Sitharaman presents Economic Survey in both Houses of Parliament; GDP growth projected at 6.5 per cent for 2023-24 fiscal.  
  • IMF says India to remain fastest growing major economy in the world despite global slowdown.

WORD OF THE DAY 

Pro se is an abbreviation of the Latin phrase propria persona meaning “for oneself”.  In other words, when a person makes legal representations in court, files pleadings or argues a case in court without legal counsel, that person is considered to be proceeding “pro se”.

MARKET TODAY (as on 31.01.2023)

BSE SENSEX                  59,549.90 INR▲ +49.49 (+0.083%) 

NIFTY 50                        17,662.15 INR▲ +13.20 (+0.075%)

1 US Dollar = 81.78 Indian Rupee (Last updated · 31 January at 12:59 pm UTC) 

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