MINISTRY OF FINANCE  

India received highest ever foreign inward remittances in a single year of $89,127 million in FY 2021-22 (7 FEB 2023)

During 2021-22, India received foreign inward remittances of $89,127 million which was the highest ever inward remittances received in a single year. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha today.

PRESS RELEASE : https://www.pib.gov.in/PressReleasePage.aspx?PRID=1897036

ED seized ₹859.15 crore under PMLA and Rs 189.28 crore under FEMA Act (7 FEB B2023)

Giving information on addressing the issue of money laundering through illegal loan apps, the Minister stated that the Directorate of Enforcement (ED) has been entrusted to curb money laundering under the provisions of PML Act, 2002. ED has initiated investigation under PMLA in several cases where the proceeds of crime has been generated and acquired by accused persons/entities through illegal loan apps, the Minister stated.  

PRESS RELEASE : https://www.pib.gov.in/PressReleasePage.aspx?PRID=1897034

SUPREME COURT 

AgustaWestland Chopper Scam: Supreme Court rejects bail plea of 'middleman' Christian Michel James (7 FEB 2023)

Christian, who was arrested and extradited from Dubai on December 4, 2018, approached SC against Delhi High Court's order refusing to grant him bail on the ground that he covered u/s 436A of CrPC which deals with the maximum period for which an under trial prisoner can be detained. He had stated in his plea that he had covered 50% of his maximum sentence which according to sections 8 and 9 of the Prevention of Corruption Act was 5 years.

NEWS REPORT : AgustaWestland Chopper Scam: Supreme Court rejects bail plea of 'middleman' Christian Michel James- The New Indian Express

DELHI HIGH COURT 

Virginity test on female accused sexist, unconstitutional: Delhi High Court (7 FEB 2023)

The court observed that there is no legal procedure that provides for a "virginity test" and such testing is a form of inhuman treatment. The order was passed by Justice Swarana Kanta Sharma on a plea moved by Sister Sephy, who sought to declare the conduct of a "virginity test" on her in connection with a criminal case over a nun's death in Kerala in 1992 as unconstitutional.

The court emphasised that the concept of "custodial dignity" of a female includes her right to live with dignity even while in police custody and conducting a virginity test on her not only amounts to interference of the investigating agency with her bodily integrity, but also with her psychological integrity.

DETAILS : Virginity test on female accused sexist, unconstitutional: Delhi High Court (mid-day.com)

NEWS AT GLANCE 

  • Home Minister Amit Shah says, there is no place for violence and Left Wing Extremism in self-reliant new India.  
  • Government to open Integrative Medicine Centres in all government hospitals across the country.  
  • Scrutiny of nominations for Meghalaya and Nagaland assembly elections to be taken up today.  
  • RBI to announce its final bi-monthly monetary policy review this morning for financial year 2022-23.

WORD OF THE DAY 

The legal term in pari delicto is most commonly used in situations when both parties to a civil lawsuit are equally at fault for the wrongdoing. It basically means that, because both parties are equally to blame, the court will side with neither party.

MARKET TODAY (as on 7.02.2023)

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NIFTY 50                           17721.50 (-43.10)

1 US Dollar = 82.64 Indian Rupee (Last updated · 7 February)

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