In News: Voting for NRI, Hague Convention,Services PMI August 04 Complete News Analysis
Union Cabinet clears proxy voting for NRIs
The Union Cabinet has cleared a proposal to extend proxy voting to Non-Resident Indians (NRIs) and overseas Indians. Currently, only service personnel are permitted to vote through proxy.
Proxy for NRIs different from service personnel
- The facility for NRIs will not be the same as that enjoyed by service personnel For example, voters in the armed forces can nominate their relatives as permanent proxy to vote on their behalf
- Facility for NRIs: Overseas electors will have to appoint a nominee afresh for each election
- One person can act as proxy for only one overseas voter
Loksabha Passes Two New Bill
- NABARD (Amendment) Bill, 2017
NABARD is responsible for providing and regulating facilities like credit for agricultural and industrial development in the rural areas.
- Increase in capital of NABARD:
- Transfer of the RBI’s share to Union government : The Bill provides that the Union Government alone must hold at least 51% capital share of NABARD
- Adds Micro, small and medium enterprises (MSME) terms
- Consistency with the Companies Act, 2013
- Banking Regulation (Amendment) Bill, 2017
The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets or non-performing assets (NPAs) of banks.
- Authorize RBI to direct banking companies to resolve specific stressed assets by initiating insolvency resolution process.
- Authorize RBI to Issue directions on stressed assets
- Enables RBI to appoint members in Committee to advise banks.
- Applicable to the SBI and its subsidiaries and also RRBs
NOTA in use in RS polls since 2014
Background In a recent controversy of NOTA (None of the Above) option in upcoming Gujarat RS elections SC refused to stay on the NOTA stated that it is going to stay as it’s been already used since 2014 as per the direction of SC in 2013.
- NOTA is in use in 13 countries, including the United States, France, Brazil, Bangladesh, Sweden and Spain.
- In view of the existing rules, the electors — despite any party whip — can exercise their choice and in doing so, they do not face disqualification as legislators
Kuldip Nayar vs Union Of India & Ors
Amendments introducing the open ballot system was under challenge, but was dismissed by the court.
NOTA’s impact will be like abstention
- The impact of the decision of MLAs to exercise the NOTA (none-of-the-above) option in elections to the Rajya Sabha will be the same as that of an abstention.
- It does not attract anti-defection law.
- Abstentions — an option even before NOTA — produce the same results by bringing down the total number of votes.
Services PMI Plunges to 4-yr Low in July on GST Worries
Follows dip in manufacturing PMI for the same month; but sector confidence at 11-month high.
India’s services activity plunged to a four-year low in July because of the disruption caused by the goods and services tax (GST).
The Nikkei India Services PMI Business Activity Index plunged from June’s eight-month high of 53.1 to 45.9 in July, its lowest level since September 2013.
Confidence index about the future tellingly touched an 11-month high.
Global child abduction law and Hague Convention
India has been struggling for years with legislation on the custody of children caught in transnational marital discord.
The central government decided last year to not ratify The Hague Convention on the Civil Aspects of International Child Abduction (1980).
What is The Hague Convention?
The Hague Convention is a multilateral treaty developed by the Hague Conference on Private International Law (HCCH) that provides an expeditious method to return a child internationally abducted by a parent from one member country to another. India is yet to ratify it. The Convention applies to children under age 16
Signed: 25 October 1980
Parties: 97 (March 2017)
Effective: 1 December 1983
What has been done so far?
In 2009, the Law Commission of India recommended signing The Hague Convention.
In February 2016, Punjab and Haryana High Court again referred the matter to the Law Commission and Ministry of Women and Child Development.
Arguments against Convention.
Legislation would affect the interests of Indian mothers fleeing from abusive or difficult marriages. The law, the critics said, would compel these women to return to the foreign country where the child was born, to fight for custody in possibly unfavourable conditions. The Ministry of Women and Child Development, wary of Indian women being charged or prosecuted in foreign countries, declined to back the law.
Important Current Affairs For The Day
|TERM OF THE DAY : Voter Verified Paper Audit Trail. VVPAT generates a slip with the party candidate and symbol to whom the vote is cast, so the voter can verify it. This is displayed for seven seconds on a transparent window on the VVPAT WERE FIRST USED successfully in a bypoll in Nagaland in 2013|
|Israel Space Agency (ISA) and its French counterpart CNES launched its first environmental research satellite Venus (Vegetation and Environment Monitoring New Micro-Satellite) an earth-observation micro-satellite.|
|Market regulator Securities and Exchange Board of India (SEBI) has set up a committee on ‘fair market conduct’ headed by former law secretary T K Viswanathan.|
|The Indian Army has developed Humraaz mobile application through which serving soldiers can track details like postings and promotions.|