RBI Announced Several Regulatory Measures To Strengthen The Economy
The Reserve Bank of India (RBI) has announced several regulatory measures to reduce the financial pressure on the economy due to the lockdown. This announcement was made by RBI Governor Shaktikanta Das on 17 April. These measures will help in maintaining the market cash flow, bank credit facility will increase. Financial pressures will come down and formal operations of the markets will take place.
Highlights of RBI’s regulatory measures
Announced to reduce the reverse rapo rate from 4 percent to 3.75 percent. No change has been made in the raporate.
Also announced a package of fifty thousand crore rupees for small and medium industries.
The duration of the Samadhan Yojana will be extended to 90 days for stranded loans of banks.
Loans given by non-banking financial companies to real estate companies will be given benefits similar to those given by scheduled commercial banks.
It also announced a grant of Rs 50,000 crore for re-financing of financial institutions like NABARD, National Housing Bank and SIDBI.
The Ruling Democratic Party Won The South Korea Parliamentary Election
The ruling Democratic Party has won the recently concluded parliamentary elections in South Korea. In this election, President Moon-Jae-in’s Democratic Party won 163 seats in the 300-nation National Assembly. At the same time, the Sayogi Platform Party of the Democratic Party has also got 17 seats. In this way, the ruling party now has a total of 180 seats, including the allied seats.
About 35 parties fielded their candidates in this election, but the lawsuit was between the left-leaning Democratic Party and the Conservative Opposition, the United Future Party.
South Korea has become the first country in the world where national elections have been completed amidst the corona epidemic. In this election, 1.18 crore people had voted. Altogether 66.2 percent people voted, which is the highest number of voting after the 1992 election.
World Hemophilia Day, What is Hemophilia
World Hemophilia Day is observed every year on 17 April. The purpose of celebrating this day is to raise awareness among people about hemophilia and bleeding disorders. Since 1989, World Hemophilia Day was started to spread awareness about hemophilia. This year is the 31st edition of World Haemophilia Day.
The theme of World Hemophilia Day in this year i.e. 2020 is “Get + Involved”.
Frank Shanabel’s Birthday
This day is celebrated on the birthday of Frank Schnabel. Frank died in 1987 of AIDS due to infected blood. The World Federation of Haemophilia (WFH) was founded by Frank Shanabel in 1963. WFH is an international organization that works towards improving the lives of patients suffering from this disease.
What is Hemophilia?
Haemophilia is also known as ‘British Royal Disease’. It is a genetic disease in which the blood clotting process is interrupted. In this, bleeding is greatly accelerated due to deterioration of chromosome functioning. Mostly this disease occurs in men.
Controversy over Removal of Andhra Pradesh State Election Commissioner
Recently, the term of the State Election Commissioner- SEC has been cut by the Andhra Pradesh government through an ordinance.
The ordinance through which a retired judge of the Madras High Court has been appointed as the successor, which the former SEC has appealed to the High Court to declare unconstitutional.
While the Chief Minister alleged that the SEC was acting without consulting the government and is acting at the behest of some political leaders.
Changes Through Ordinance:
Through the ordinance, the amendment of the Panchayat Raj Act, 1994 (Panchayat Raj Act, 1994) limited the tenure of the SEC to three years.
Also, the ordinance mentions that the SEC cannot be removed on any basis other than the basis and procedure for the removal of a High Court Judge.
What was The Dispute?
Elections to local bodies were scheduled to take place in Andhra Pradesh but the SEC postponed the election citing the outbreak of COVID-19 epidemic.
After this, the state government wanted to take the case to the Supreme Court but the court refused to interfere in the matter.
Case of Aparmita Prasad Singh vs State of Uttar Pradesh (2007):
In Aparmita Prasad Singh v. State of Uttar Pradesh (2007) suit, the Allahabad High Court ruled that the tenure of service is also a part of the terms of service. The State Election Commission will not be able to discharge its constitutional obligations in the absence of security of service tenure.
The amendment to reduce the term of the SEC is an encroachment of the boundaries of the Constitution.
Strict on Non-Profit Institutions Receiving Foreign Contribution
Recently, the Union Home Ministry has asked all nonprofit organizations with ‘Foreign Contribution License’ in the country to share information about their contribution in dealing with COVID-19 with the government every month. .
According to the information given by the Union Home Ministry on 7 April 2020, the non-profit institutions receiving foreign contribution every month under the ‘Foreign Contribution Regulation Act- FCRA), 2010’ Their contribution in dealing with COVID-19 will have to be shared with the government through an online form by the 15th.
This was the second letter sent by the Union Home Ministry regarding the control of COVID-19 to non-profit institutions operating in the country.
In a letter sent earlier, MHA urged the non-profit institutions to cooperate with the government and local administration under the control of COVID-19.
In this paper, MHA had mentioned many areas in which non-profit institutions can support, such as setting up community kitchens for migrant laborers and homeless people, arranging shelter for homeless daily laborers and poor etc.
It is noteworthy that before the government’s request for cooperation from the non-profit institution, the government recently took strict action against the institutions working in the social sector. Also, in the last few years, non-profit institutions have seen a huge decline in the contribution received from abroad.
Government actions on non-profit institutions:
The registration of around 14500 NGOs in the country has been canceled by the Union Home Ministry in the last five years.
Also, licenses of more than 6600 non-profit entities for obtaining foreign contribution have been canceled due to violation of the provisions of FCRA in the last three years.
According to the information given to the Rajya Sabha by the Union Minister of State for Home Affairs in the Winter Session of Parliament last year, during the financial year 2018-19, the total number of NGOs registered under FCRA was Rs 2244.77 crore (as on 28 November) as foreign contribution. The total contribution received by NGOs in the financial year 2017-18 was Rs 16,902.41 crore.
Foreign Contribution / Contribution:
Under the FCRA, 2010, any goods, currency or securities received by a person directly or indirectly as a gift from a foreign source is defined as foreign contribution.
However, contributions received by non-resident Indians (NRIs) holding Indian citizenship are not considered as foreign contributions.
Human Rights and National Human Rights Commission
The National Human Rights Commission (NHRC) has requested the central government to subject an optional to all states and union terrains to properly implement the nationwide lockdown without violating the human rights of the general public.
Earlier, the National Human Rights Commission also asked the Ministry of Home Affairs to address the concerns of mentally ill people during the lockdown implemented to prevent the spread of coronovirus (COVID-19).
It is important to note that public servants facing stress and pressure to effectively implement lockdown guidelines sometimes mistreat the common people, especially the sick and poor laborers, due to which their human rights are violated.
Through the Advisory, the NHRC seeks to ensure that public servants, especially policemen, treat the common people properly and respect human rights related to their lives, liberty and dignity.
According to the NHRC, the Ministry of Home Affairs should issue necessary instructions to all states and union territories to ensure that care is taken for the care of a person suffering from any mental illness falling within their jurisdiction and their protection from the virus. To provide proper counseling and not be deprived of basic facilities like food, shelter and medical care etc. Go.
Human Rights and role of NHRC
Human rights mainly include right to life and liberty, right to freedom from slavery and torture, right to freedom of expression and right to work and education, etc. It is important to note that according to the definition of United Nations (UN), human rights are available without discrimination on the basis of race, gender, nationality, language, religion or any other basis.
Thus any person is entitled to get these rights without any discrimination.
In India, the protection of these rights is done by the National Human Rights Commission.
The National Human Rights Commission (NHRC) is an independent statutory body established on 12 October 1993 under the provisions of the Protection of Human Rights Act, 1993.
NHRC is a multi-member body consisting of 7 members including a chairman. It is necessary that 7 members have at least 3 ex-officio members. The Chairman and members are appointed by the President on the basis of the recommendations of the High Level Committee headed by the Prime Minister.
In addition, the Commission also has five specialized departments (Law Department, Investigation Department, Policy Research and Program Department, Training Department and Administration Department).