Daily Current Affairs 6th April 2018

Daily Current Affairs 6th April 2018

Cabinet Clears Human Rights Bill

  • The Cabinet has cleared the long-pending Protection of Human Rights (Amendments) Bill, 2019.
  • The Bill proposes to include the National Commission for Protection of Child Rights as a deemed member, besides adding a woman member to the panel.

About National Human Rights Commission :-

  • The NHRC was constituted under the Protection of Human Rights Act in 1993.
  • The commission includes 1 chairperson & 4 members :-
    ♦  Chairperson
    ♦  An Incumbent or retired Supreme Court judge
    ♦  A Former Chief Justice of a High Court,
    ♦  And Two persons with expertise in matters related to human rights, as members.
    ♦  In addition to these, the Chairpersons of four National Commissions (Scheduled Castes, Scheduled Tribes, Women and Minorities) serve as ex officio members.

The chairperson and members are appointed by the President on recommendations of a six-member committee chaired by the Prime Minister.

Proposed Amendments Under Bill :-

  • The present law proposes to enlarge the scope of eligibility and selection of the chairperson of NHRC as well as the State Human Rights Commission.
  • The Bill also proposes to amend the term of the chairperson and members of the NHRC and SHRC to make it in consonance with the terms of chairperson and members of other commissions.

Complying with international norms, the amendments will have to be ratified by Parliament.

RBI bars banks from using Cryptocurrencies :-

The Reserve Bank of India (RBI) announced a major crackdown on cryptocurrencies even as it unveiled plans to create its own digital currency.

RBI bans banks from using cryptocurrencies

RBI Notification :-

  • In its first policy for FY19, the RBI said banks and other regulated entities cannot provide services to users, holders and traders of cryptocurrencies.
  • it said a panel would submit a report by June on the desirability and feasibility of introducing a virtual currency backed by the government.
  • Further RBI has formed an interdepartmental group to study and provide guidance on the desirability and feasibility to introduce a central bank digital currency. The report will be submitted by end-June 2018

While the RBI is looking at digital currencies for cutting costs of paper and making transactions more efficient, the system would be in addition to paper currency and will not entirely replace banknotes.

Leave a Reply