Topic 1: Natural Justice and Proportionality

Context: The Supreme Court set aside the orders passed by the Ministry of Information & Broadcasting (MIB), and the Kerala High Court refusing to renew a Malayalam news channel’s broadcast license citing principles of natural justice and proportionality.

Key details:

What is sealed cover jurisprudence?It is a practice used by the Supreme Court or lower courts of asking for or accepting information from government agencies in sealed envelopes that can only be accessed by judges.Any specific law does not define the doctrine of sealed cover.The Supreme Court derives its power to use it from the Supreme Court Rules and Section the Indian Evidence Act of 1872.What the rules say?The information to be kept under sealed cover is of confidential nature.No party would be allowed access to the contents of such information.Exception:If the Chief Justice himself orders that the opposite party be allowed to access it.The rules also mention that information can be kept confidential if its publication is not considered to be in the interest of the public.Official unpublished documents relating to state affairs are protected and a public officer cannot be compelled to disclose such documents.

Principles of Natural Justice:

Doctrine of Proportionality

Topic 2: MISHTI scheme

Context: MISHTI scheme promotes development of 540 Sq. Kms Mangroves across 11 States and 2 Union Territories

About the scheme:

The CAMPA fundThe Compensatory Afforestation Fund Management and Planning Authority (CAMPA) was formed in India with the responsibility for promoting and executing compensatory afforestation.In 2004Ministry of Environment and Forests constituted Compensatory Afforestation Fund Management and Planning Authority (CAMPA) to overlook and manage the Compensatory Afforestation Fund (CAF) as directed by the SC.The authority was termed as the ‘custodian’ of the fund.Further in 2009, the government ordered that State CAMPAs had to be set up to boost compensatory afforestation at state.Whenever forest land is diverted for non-forest purposes, it is mandatory under the Forest (Conservation) Act, 1980 that an equivalent area of non-forest land has to be taken up for compensatory afforestation.In addition to this, funds for raising the forest are also to be imposed on whomsoever is undertaking the diversion.

Mangroves in India:

Topic 3: Adjournment sine die

Context: Budget Session of Parliament Adjourned Sine Die.

About Adjournment sine die:

Topic 4: Application Supported by Blocked Amount (ASBA)

Context: Securities and Exchange Board of India (SEBI) approved a framework for Application Supported by Blocked Amount (ASBA)-like facility for trading in the secondary market.

Key details:

Points of DifferencePrimary MarketSecondary Market
MeaningA marketplace for new sharesA marketplace where formerly issued securities are traded
Another NameNew Issue Market (NIM)After Market
ProductsIPO and FPOShares, debentures, warrants, derivatives, etc.
Type of PurchasingDirectIndirect
Parties of buying and sellingBuying and selling takes place between the company and investorsBuying and selling takes place between the investors
Intermediaries involvedUnderwritersBrokers
Price LevelsRemains FixedFluctuates with variations in demand and supply
Financing provided toIt provides financing to the existing companies for facilitating growth and expansion.No Financing is provided
Purchase ProcessThe purchase process happens directly in the primary market.The company issuing the shares is not involved in the purchasing process.
BeneficiaryThe beneficiary is the companyThe beneficiary is the investor
Government involvementA company issues shares and the government interferes in the processThere is no involvement of the government in the process.
Securities and Exchange Board of IndiaSEBI is a statutory body and a market regulator, which controls the securities market in India.The basic functions of Sebi is to protect the interests of investors in securities and to promote and regulate the securities market. Sebi is run by its board of members.The board consists of a Chairman and several other whole time and part time members.The chairman is nominated by the union government.The others include:two members from the finance ministry,one member from Reserve Bank of India andfive other members are also nominated by the Centre.The headquarters of Sebi is situated in Mumbai and the regional offices are located in Ahmedabad, Kolkata, Chennai and Delhi.HistoryBefore Sebi came into existence, Controller of Capital Issues was the regulatory authority.It derived authority from the Capital Issues (Control) Act, 1947.In 1988Sebi was constituted as the regulator of capital markets in India.Initially, Sebi was a non-statutory body without any statutory power.Following the passage of the Sebi Act by Parliament in 1992, it was given autonomous and statutory powers.

Topic 5: Horseshoe kidney disorder

Context: While hearing a suo moto plea involving a four-year-old boy suffering from horseshoe kidney disorder since birth, the Delhi High Court directed All India Institute of Medical Sciences (AIIMS) to take urgent steps to import an injection required for treating the boy as the same is unavailable in India.

Key details:

Functions of kidneysThe kidneys are part of the urinary system.Kidneys filter your blood to absorb and regulate the electrolytes the body needs.They also clean the blood by removing extra water and waste.The waste travels from the kidneys to the bladder and leaves the body through the urethra as urine. 

Topic 6: Extended Range Anti-Submarine Rocket

Context: Anti-submarine rockets developed by 2 Pune labs successfully tested from INS Chennai.

Key details:

Topic 7: What is a legal notice?

Context: Recently, a political analyst sent a legal notice to streaming giant Netflix over an episode of The Big Bang Theory allegedly used a “derogatory term” against Bollywood actress Madhuri Dixit.

What is a legal notice?

Topic 8: Representation in India’s police forces

Context: On a national level, it will take another 24 years to have 33% women in police forces across States according to the India Justice Report 2022.

Key findings:

Topic 9: UN Statistical Commission

Context: India has been elected to the UN Statistical Commission for a four-year term.

What is UN Statistical Commission?

Leave a Reply

Your email address will not be published. Required fields are marked *