Pant climbs BCCI ranks, SC urges faster arbitration hearings, and India–US trade talks advance as Modi and VP Vance pledge deeper economic collaboration.
DAILY CURRENT AFFAIRS (22 APRIL 2025)
SHREYAS IYER, ISHAN KISHAN RETURN TO BCCI CONTRACTS LIST AS RISHABH PANT GETS PROMOTED
FACT: BCCI Central Player Contracts 2024–2025
Shreyas Iyer and Ishan Kishan have been reinstated in the BCCI’s central contracts for 2024–25. Rishabh Pant earns a promotion to Grade A. Seven new players enter the contract list under Grade C. The contracts, valid from October 1, 2024, to September 30, 2025, maintain existing category structures.
LEGAL PROVISION
- BCCI operates under the Tamil Nadu Societies Registration Act, 1975.
- Employment contract governed by Indian Contract Act, 1872.
- Central contracts include performance clauses and conduct codes.
- Categorization and remuneration determined by BCCI Apex Council.
- Selection and promotion tied to participation in domestic cricket.
- BCCI guidelines mandate mandatory domestic appearances for contract retention
SOURCE: BCCI
MODI AND U.S. VICE PRESIDENT VANCE HAIL PROGRESS ON INDIA-U.S. TRADE TALKS
FACT: India–U.S. Bilateral Trade Agreement Negotiation Review
Prime Minister Narendra Modi and U.S. Vice President JD Vance welcomed notable progress in India-U.S. trade negotiations. Despite earlier tariff tensions, both sides aim to finalize a balanced agreement. The leaders discussed trade, strategic cooperation, and global issues, reaffirming commitment to enhance bilateral ties through diplomacy and reciprocal trade measures.
LEGAL PROVISION
- Governed by WTO agreements under the General Agreement on Tariffs and Trade (GATT).
- Bilateral trade regulated through India’s Foreign Trade (Development and Regulation) Act, 1992.
- U.S. international trade policy governed by the Trade Act of 1974.
- Tariff structures negotiated under MFN (Most Favored Nation) principles.
- Joint Working Groups oversee trade terms and dispute resolution.
- Terms of Reference established to guide reciprocal trade negotiations
SOURCE: ANI
SUPREME COURT FLAGS LENGTHY ARGUMENTS IN ARBITRATION APPEALS
Case Name: Larsen & Toubro Ltd. vs. Puri Construction Pvt. Ltd.
The Supreme Court criticised lengthy arguments and excessive citations in arbitration appeals. It warned that such practices delay justice and distort arbitration’s purpose. The Court stressed on time limits for oral submissions, dismissed L&T’s appeal, and upheld key findings, while partially setting aside damages awarded by the arbitral tribunal.
LEGAL PROVISION
- Arbitration and Conciliation Act, 1996 – Sections 34 (setting aside award) and 37 (appeals).
- Indian Contract Act, 1872 – Section 16 (Undue influence), Section 73 (Compensation for breach of contract).
- Civil Procedure Code, 1908 – Section 96 (regular appeals, referenced for comparison).
Source: Supreme Court of India
Also Read – DAILY CURRENT AFFAIRS (21 APRIL 2025)
