Daily Current Affairs 8th March 2018

Daily Current Affairs 8th March 2018 - Dailygkaffairs

Delhi’s International Women’s Day Gift : Panic Buttons :-

On the eve of International Women’s Day, in a move to bolster the security of women passengers, the Delhi government has announced a pilot project under which state-run buses would be installed with Panic Alarm Systems.

What steps have been taken by Delhi govt to ensure Women Safety in buses ?

  • Delhi govt has deployed bus marshals in all Delhi Transport Corporation (DTC) buses.
  • Installed CCTV cameras in 200 buses on a pilot basis.
  • And now Panic Alarm Systems would be installed in state run buses.

By March 2019, the three initiatives will be scaled up to cover all DTC and cluster buses.

The project is being implemented in collaboration with a Bangalore-based NGO, Project Durga, which works on women’s safety and gender equity in public spaces.


Supreme Court stays CBSE notification :-

In a huge relief to thousands of students, a Constitution Bench of the Supreme Court on Tuesday stayed a CBSE notification making it mandatory for aspirants to produce their Aadhaar or its enrolment proof mandatory in order to register or appear for the National Eligibility cum Entrance Test (NEET) 2018.

Why Supreme Court has stayed CBSE Notification making Aadhaar mandatory for NEET 2018 ?

  • The Supreme Court had already made it clear in a series of interim orders that Aadhaar would continue to be voluntary till a final decision is taken by the court about its constitutional validity.
  • But the government had been issuing several such notifications, which in fact, amounted to contempt of the Supreme Court’s orders.

Cabinet nod to relief package to telecom sector :-

The Union Cabinet, headed by Prime Minister Narendra Modi, approved relaxing the cap on spectrum holding by telecom sector based on the recommendations by the Inter Ministerial Group on stressed assets in the telecom sector will facilitate investments, consolidation and enhance ease of doing business.

What Steps have been taken by Govt under relief package for telecom sector ?

  • The Cabinet has also given telecos the option to extend the time period for payment of spectrum bought in auction to 16 years from the present 10 years.
  • The cap on overall spectrum that can be held by an operator in a circle has been raised to 35% from the current 25%.
  • In line with earlier recommendations of TRAI, the current cap of 50% on intra-band spectrum holding has also been removed.
  • Instead, there will be a cap of 50% on the combined spectrum holding in the sub-1 GHz bands (700 MHz, 800 MHz and 900 MHz bands).
  • There will be no cap on individual or combined spectrum holding in the above 1 GHz band.

The government is hopeful that this move would encourage participation in future spectrum auctions.


Hikes in Dearness allowance and relief by Cabinet :-

The Union Cabinet on Wednesday announced a 2% hike in dearness allowance and dearness relief for Central government employees and pensioners, a move that will benefit an estimated 11 million people across the country.

  • The hike will be effective from January, 2018, an official statement said.
  • The increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

Cabinet approved amendments to Commercial Courts Act 2015 :-

  • The Union Cabinet on Wednesday approved amendments to the Commercial Courts Act 2015 that reduces the threshold amount of a dispute to be tried at commercial courts from Rs1 crore to just Rs 3 lakh.
  • This would help bringing down time taken in resolution of commercial disputes and further improving India’s ease of doing business ranking.
  • The amendment sets up commercial courts at district judge level in Chennai, Delhi, Kolkata, Mumbai and Himachal Pradesh.
  • It also introduces the pre-mediation institution process where no urgent or interim relief is sought.

Cabinet Approves Arbitration & Conciliation (Amendment) Bill :-

The Union Cabinet on Wednesday approved the Arbitration and Conciliation (Amendment) Bill, which seeks to establish an independent body to make arbitration process user-friendly, cost-effective and ensure speedy disposal and neutrality of arbitrators.

What does amendment provides for ?

  • The amendment provides for creation of the Arbitration Council of India (ACI) which will grade arbitral institution and accredit arbitrators by laying down norms and take all such steps as may be necessary to promote and encourage arbitration, conciliation, mediation and other ADR mechanism.

How ACI will work ?

  • The ACI will also evolve policy and guidelines for the establishment, operation and maintenance of uniform professional standards in respect of all matters relating to arbitration and ADR mechanism.
  • The Council shall also maintain an electronic depository of all arbitral awards.
  • The ACI shall be a body corporate.
  • The Chairperson of ACI shall be a person who has been a Judge of the Supreme Court or Chief Justice or Judge of any High Court or any eminent person. Further, the other members would include an eminent academician etc. besides other government nominees.

Arbitration and Conciliation Act 2015 :-

 

  • The Arbitration and Conciliation Act, 2015, amended the Arbitration and Conciliation (Amendment) Act, 1996.

 

Leave a Reply