LAW AND GOVERNANCE
SUPREME COURT DEMANDS REPORT ON STOCK MARKET CRASH AFTER ELECTIONS
Vishal Tiwari vs. Union of India
An application by Advocate Vishal Tiwari seeks the Supreme Court’s direction for SEBI and the Union government to report on the stock market crash following the 2024 Lok Sabha results. Highlighting investor losses and pending investigations from the Adani-Hindenburg case, Tiwari calls for transparency and accountability.
Legal Provisions and Framework:
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CJI CALLS FOR ENHANCED COMMERCIAL ARBITRATION FRAMEWORK
Speech by Chief Justice of India DY Chandrachud
In a speech at the UK Supreme Court, Chief Justice DY Chandrachud urged India to bolster its commercial arbitration framework. Highlighting the India International Arbitration Centre, he stressed the importance of professionalism and transparency in arbitration institutions to relieve the overburdened judiciary and improve dispute resolution efficiency.
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SUPREME COURT REINSTATES BAIL IN MONEY-LAUNDERING CASE
Parvinder Singh Khurana vs Directorate of Enforcement
The Supreme Court reinstated bail for Parvinder Singh Khurana, questioning the Delhi High Court’s prolonged stay on his bail. Emphasizing the importance of personal liberty, the court mandated the enforcement of the original bail order. The case will be reviewed again on July 11, with responses sought from Enforcement Directorate.
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Source- Supreme Court of India
GOVERNMENT SCHEME
PRIME MINISTER’S SCHOLARSHIP SCHEME FOR RAILWAY PROTECTION FORCE (PMSS)
(Ministry of Railways)
OBJECTIVES: The Prime Minister’s Scholarship Scheme for RPF aims to empower dependents of Ex/Serving RPF/RPSF personnel and widows by facilitating access to higher technical and professional education. Initiated in 2008-09, the scheme encourages academic excellence and supports deserving candidates in pursuing recognized professional degree courses.
BENEFITS:
- Generous Scholarship Amount: ₹2500/- per month for male students and ₹3000/- per month for female students.
- Personal Recognition: Each selected applicant receives a personal letter from the Hon’ble Prime Minister, acknowledging their academic achievements and dedication.
- Extended Duration: Scholarships are granted for the entire duration of the chosen course, ranging from two to five years, ensuring continuous support towards academic pursuits.
ELIGIBILITY:
- Dependents of Ex/Serving RPF/RPSF personnel and widows below the Rank of Gazetted officer are eligible.
- Minimum 60% marks in Minimum Entry Qualification (MEQ) i.e., 12th Std., Diploma/Graduation is required.
- Limitation: Only two wards per family can avail of the scholarship, ensuring equitable distribution.
- Approved Courses: Only courses recognized by regulatory bodies such as AICTE, MCI, UGC, NCTE, etc., are permissible under the scheme.
SCHEME FOR GOOD SAMARITAN
(Ministry of Road Transport & Highways)
OBJECTIVES: The Scheme for Good Samaritan, launched by the Ministry of Road Transport & Highways, aims to instill a sense of responsibility and humanity among citizens by encouraging immediate assistance to road accident victims. The scheme seeks to reduce fatalities by facilitating prompt medical aid during the critical Golden Hour.
BENEFITS:
- Financial Reward: Good Samaritans receive a commendable award of ₹5000/- per incident, recognizing their prompt action in saving lives.
- National Recognition: Outstanding contributors are eligible for prestigious National Level Awards, further motivating individuals to proactively assist in emergency situations.
- Appreciation Certificate: Each cash award is accompanied by a Certification of Appreciation, acknowledging the noble act of saving lives.
- Legal Protection: Good Samaritans assisting accident victims are exempted from any further obligations by the police or hospitals, ensuring their immediate release after rendering assistance.
ELIGIBILITY:
- Eligible candidates include individuals who provide immediate assistance to victims of fatal accidents involving motor vehicles, ensuring prompt transportation to Hospital/Trauma Care Centre within the Golden Hour.
- Good Samaritans willing to disclose their details are eligible for consideration under the scheme, promoting transparency and accountability.
Source- myScheme
Also read- DAILY CURRENT AFFAIRS (7 JUNE 2024)