Union Government issued New IT Guidelines to stop its Misuse
The Union government of India on 29 November 2012 issued new guidelines to stop misuse of a particular section of the Information Technology Act. Under the revised guidelines, the cases dealing with spreading messages of reported hatred by electronic medium will be decided by a senior police officer not below the rank of DCP in rural and urban areas. An IGP rank officer will have to give prior approval for registration of cases relating to section 66(a) of IT Act in metro-politan cities. Communication and IT Ministry sent an advisory to this effect has been sent to the states.The section 66[a] of IT Act provides for a jail term of upto three years making it an offence to send by means of computer resource or communication device any information which is grossly offensive, menacing and causes annoyance or hatred.
Economic growth declined in July-September quarter of current fiscal year
The economy of India grew just by 5.3 percent in July-September quarter of this fiscal year 2012-2013. The economy dropped down the rate of growth because of poor performance of the agriculture as well as manufacturing sectors and it is persistently indicating slowdown signs. In the previous fiscal year, the gross domestic product (GDP) had grown by 6.7 percent in the same quarter. In the first quarter of 2012-2013, the economy had grown by 5.5 percent. By the end of the July-September quarter, i.e., on 30 September 2012, the manufacturing sector had grown marginally by just 0.8 percent in comparison to 2.9 percent in the same quarter last year, revealed the Central Statistical Organisation.
The output of the farm sector expanded merely 1.2 percent in this quarter in 2012-2013 financial year in contrast to 3.1 percent in same quarter last year.
The economic growth for the time period of April-September in this financial year is 5.4 percent in contrast to 7.3 percent in previous fiscal year. In this quarter in the present fiscal year, hotels, transport, communications as well as trade showed slow pace at 5.5 percent in comparison to 9.5 percent last year in the same quarter.
The construction sector showed signs of improvement where the growth was 6.7 percent as against 6.3 percent last year. Apart from this, the rate of growth in certain service sectors such as real estate and insurance was 9.4 percent as against 9.9 percent in last year’s quarter. Finance Minister of India P. Chidambaram concluded that the only way to overcome the situation was through increased production as well as innovation.
IK Gujral, Former Prime Minister of India Died At 92
Former Prime Minister of India, Inder Kumar Gujral, the head of unsteady coalition government in 1990s, died at the age of 92 following brief illness on 30 November 2012.
I.K. Gujral last breathed in a private hospital at 3.27 P.M following multiple organ failure. After lung infection, he was admitted to hospital on 19 November 2012. Gujral had taken ill some days ago and was also on dialysis for more than a year. A few days ago, he suffered from critical lung infection as well.
I.K. Gujral will be cremated somewhere near Delhi on 1 December 2012. He is survived by two sons. One of his sons- Naresh Gujral is the Rajya Sabha MP as well as Akali Dal leader.
About I.K. Gujral
Gujral started off as the Vice President in NDMC in 1950s and later also became the Union Minister. Later, he became the Ambassador of India to USSR. I.K. Gujral was an intellectual who had put forward Gujral Doctrine comprising of five principles for maintenance of healthy relations with the neighbours. In 1980s, he parted from the Congress and joined Janata Dal. In 1989, he became the Minister of External Affairs. He was also the Rajya Sabha member two times in 1964 as well as 1976. He was then re-elected to Lok Sabha in 1998.
BS Yeddyyurappa resigned from BJP and Karnataka Legislative Assembly
B.S.Yeddyurappa( Bookanakere Siddalingappa Yeddyurappa), former Chief Minister of Karnataka on 30 November 2012 announced his resignation from Legislative Assembly and from primary membership of BJP party. Yeddyurappa submitted his resignation to the Speaker of the Assembly, KG Bopaiah. Yeddyurappa represented Shikaripura in his home district Shimoga, which is about 280 km north of Bangalore.Yeddyurappa resigned from chief Ministership in 2011 in the wake of allegations of corruption. He started his political career when he was elected as President of the Shikaripura Taluk erstwhile Jana Sangha in 1972. He won his first Assembly election in 1983 as BJP candidate. He belongs to Lingayat community. He became the first BJP chief minister in South India. At present, Jagadish Shettar is the Chief Minister of Karnataka.
Parliament of Egypt Passed Draft of the New Constitution
The Parliament of Egypt passed draft of their new constitution in which the duties, responsibilities and roles of the legislature, judiciary and executive have been defined.
230 articles of this new constitution were discussed as well as voted upon by Salafist and Islamist MPs at the rushed session of Egyptian Parliament which took place for 16 hours. This was also followed by protests and boycotting. The secular, liberal as well as leftist opposition with the minority Coptic Christians proscribed proceedings of Parliament while discussions and voting was going on.
As per the law of Egypt, now the draft would be sanctioned by the President of Egypt- Morsey. It would then be put for referendum from the nation within a month. It was concluded that speeding up passing of the draft was important because constitution was the need of the hour urgently in order to have properly-elected Parliament, President for execution of the law as well as an independent judiciary. President Morsey guarded his decisions on the grounds that his decisions were a step for saving the revolution which brought down the regime of Mubarak. In the meanwhile, National Salvation Front- the umbrella of leftist, secular and liberal opposition as well as youth revolutionary movements criticised this decision as ill-conceived and hastily moved. President Morsey was blamed to impose this constitution. The decision of the Parliament is seen as the effort to block the ruling of court which could have dissolved constitution drafting body completely. The ruling on dissolution of constitution assembly as well as upper house of Parliament was outstanding by the Supreme Constitutional Court.
Consequently, possibly this would increase tiff between the opposition as well as the Government because the opposition is continuously demanding fragmenting Presidential diktat which grants comprehensive powers to the existing President.
220 FEMA Notices Were Issued By ED in Past Three Years
Enforcement Directorate issued 220 notices under Foreign Exchange Management Act in past three years. From 2009 to 2012, Directorate of Enforcement in the action of its investigation had issued 220 show cause notices under the FEMA. These notices were issued in context with the illegal funds transfer in India via illegal medium.
The Directorate of Enforcement did not register the cases associated with illegal money flow from external sources in respect to the state government, Minister of State for Finance S S Palanimanickam wrote to Lok Sabha.
At present, the provisions of FEMA are quite adequate as well as appropriate on the portion of punishment or penalty.
About FEMA
In India, all the transactions which include foreign currency, also known as foreign exchange were initially regulated by FERA or Foreign Exchange Regulations Act, 1973. Eventually, economic reforms and liberalised scenario took place. The FERA was therefore replaced by FEMA, 1999. FEMA allows only the authorised people to deal with foreign security or foreign exchange. The definition of authorised people can be found in the Act.
The Union government of India on 29 November 2012 issued new guidelines to stop misuse of a particular section of the Information Technology Act. Under the revised guidelines, the cases dealing with spreading messages of reported hatred by electronic medium will be decided by a senior police officer not below the rank of DCP in rural and urban areas. An IGP rank officer will have to give prior approval for registration of cases relating to section 66(a) of IT Act in metro-politan cities. Communication and IT Ministry sent an advisory to this effect has been sent to the states.The section 66[a] of IT Act provides for a jail term of upto three years making it an offence to send by means of computer resource or communication device any information which is grossly offensive, menacing and causes annoyance or hatred.
Economic growth declined in July-September quarter of current fiscal year
The economy of India grew just by 5.3 percent in July-September quarter of this fiscal year 2012-2013. The economy dropped down the rate of growth because of poor performance of the agriculture as well as manufacturing sectors and it is persistently indicating slowdown signs. In the previous fiscal year, the gross domestic product (GDP) had grown by 6.7 percent in the same quarter. In the first quarter of 2012-2013, the economy had grown by 5.5 percent. By the end of the July-September quarter, i.e., on 30 September 2012, the manufacturing sector had grown marginally by just 0.8 percent in comparison to 2.9 percent in the same quarter last year, revealed the Central Statistical Organisation.
The output of the farm sector expanded merely 1.2 percent in this quarter in 2012-2013 financial year in contrast to 3.1 percent in same quarter last year.
The economic growth for the time period of April-September in this financial year is 5.4 percent in contrast to 7.3 percent in previous fiscal year. In this quarter in the present fiscal year, hotels, transport, communications as well as trade showed slow pace at 5.5 percent in comparison to 9.5 percent last year in the same quarter.
The construction sector showed signs of improvement where the growth was 6.7 percent as against 6.3 percent last year. Apart from this, the rate of growth in certain service sectors such as real estate and insurance was 9.4 percent as against 9.9 percent in last year’s quarter. Finance Minister of India P. Chidambaram concluded that the only way to overcome the situation was through increased production as well as innovation.
IK Gujral, Former Prime Minister of India Died At 92
Former Prime Minister of India, Inder Kumar Gujral, the head of unsteady coalition government in 1990s, died at the age of 92 following brief illness on 30 November 2012.
I.K. Gujral last breathed in a private hospital at 3.27 P.M following multiple organ failure. After lung infection, he was admitted to hospital on 19 November 2012. Gujral had taken ill some days ago and was also on dialysis for more than a year. A few days ago, he suffered from critical lung infection as well.
I.K. Gujral will be cremated somewhere near Delhi on 1 December 2012. He is survived by two sons. One of his sons- Naresh Gujral is the Rajya Sabha MP as well as Akali Dal leader.
About I.K. Gujral
Gujral started off as the Vice President in NDMC in 1950s and later also became the Union Minister. Later, he became the Ambassador of India to USSR. I.K. Gujral was an intellectual who had put forward Gujral Doctrine comprising of five principles for maintenance of healthy relations with the neighbours. In 1980s, he parted from the Congress and joined Janata Dal. In 1989, he became the Minister of External Affairs. He was also the Rajya Sabha member two times in 1964 as well as 1976. He was then re-elected to Lok Sabha in 1998.
BS Yeddyyurappa resigned from BJP and Karnataka Legislative Assembly
B.S.Yeddyurappa( Bookanakere Siddalingappa Yeddyurappa), former Chief Minister of Karnataka on 30 November 2012 announced his resignation from Legislative Assembly and from primary membership of BJP party. Yeddyurappa submitted his resignation to the Speaker of the Assembly, KG Bopaiah. Yeddyurappa represented Shikaripura in his home district Shimoga, which is about 280 km north of Bangalore.Yeddyurappa resigned from chief Ministership in 2011 in the wake of allegations of corruption. He started his political career when he was elected as President of the Shikaripura Taluk erstwhile Jana Sangha in 1972. He won his first Assembly election in 1983 as BJP candidate. He belongs to Lingayat community. He became the first BJP chief minister in South India. At present, Jagadish Shettar is the Chief Minister of Karnataka.
Parliament of Egypt Passed Draft of the New Constitution
The Parliament of Egypt passed draft of their new constitution in which the duties, responsibilities and roles of the legislature, judiciary and executive have been defined.
230 articles of this new constitution were discussed as well as voted upon by Salafist and Islamist MPs at the rushed session of Egyptian Parliament which took place for 16 hours. This was also followed by protests and boycotting. The secular, liberal as well as leftist opposition with the minority Coptic Christians proscribed proceedings of Parliament while discussions and voting was going on.
As per the law of Egypt, now the draft would be sanctioned by the President of Egypt- Morsey. It would then be put for referendum from the nation within a month. It was concluded that speeding up passing of the draft was important because constitution was the need of the hour urgently in order to have properly-elected Parliament, President for execution of the law as well as an independent judiciary. President Morsey guarded his decisions on the grounds that his decisions were a step for saving the revolution which brought down the regime of Mubarak. In the meanwhile, National Salvation Front- the umbrella of leftist, secular and liberal opposition as well as youth revolutionary movements criticised this decision as ill-conceived and hastily moved. President Morsey was blamed to impose this constitution. The decision of the Parliament is seen as the effort to block the ruling of court which could have dissolved constitution drafting body completely. The ruling on dissolution of constitution assembly as well as upper house of Parliament was outstanding by the Supreme Constitutional Court.
Consequently, possibly this would increase tiff between the opposition as well as the Government because the opposition is continuously demanding fragmenting Presidential diktat which grants comprehensive powers to the existing President.
220 FEMA Notices Were Issued By ED in Past Three Years
Enforcement Directorate issued 220 notices under Foreign Exchange Management Act in past three years. From 2009 to 2012, Directorate of Enforcement in the action of its investigation had issued 220 show cause notices under the FEMA. These notices were issued in context with the illegal funds transfer in India via illegal medium.
The Directorate of Enforcement did not register the cases associated with illegal money flow from external sources in respect to the state government, Minister of State for Finance S S Palanimanickam wrote to Lok Sabha.
At present, the provisions of FEMA are quite adequate as well as appropriate on the portion of punishment or penalty.
About FEMA
In India, all the transactions which include foreign currency, also known as foreign exchange were initially regulated by FERA or Foreign Exchange Regulations Act, 1973. Eventually, economic reforms and liberalised scenario took place. The FERA was therefore replaced by FEMA, 1999. FEMA allows only the authorised people to deal with foreign security or foreign exchange. The definition of authorised people can be found in the Act.
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