The Bombay High Court on Monday upheld the constitutional
validity of a section of the Indian Penal Code (IPC) under which life
imprisonment or death penalty can be awarded to repeat offenders in rape
The provision was introduced by the Criminal Law (Amendment)
Act, 2013, on February 3, 2013, on the basis of recommendations of the Justice
J.S. Verma Committee, which was formed to consider changes in law to deal more
sternly with offenders in sexual offence cases following the outrage over the
brutal gangrape of a 23-year-old paramedical student in Delhi in 2012.
In its 117-page judgment, the court held, “There is no vagueness
and confusion inasmuch as there exists a procedure which is just, reasonable and
fair to deal with the implementation of Section 376E.” The court said it did not
find any merit in the challenge to the constitutional validity of Section 376E,
and dismissed the petitions.
With the dismissal of the petitions, another Bench of the High
Court will now take up for final hearing appeals filed by the convicts
challenging their conviction and death penalty imposed by the sessions court and
also a petition filed by the State government for confirmation of their
The Reserve Bank of India has decided to reduce banks’
exposure to a group of connected parties to 25% of its capital base, while
the exposure to a single party has been capped at 20%. However, bank boards
can allow an additional 5% exposure in ‘exceptional cases.’
Till now, a bank’s exposure to a single borrower and a borrower
group was restricted to 15% and 40% of capital funds respectively.
The central bank, which notified a new framework for large
exposures of banks, on Monday decided to exclude entities connected with the
sovereign from definition of group of connected counterparties.
The RBI has introduced economic interdependence criteria in
definition of connected counterparties in the new guidelines. “The sum of all
the exposure values of a bank to a single counterparty must not be higher than
20% of the bank’s available eligible capital base at all times,” the RBI said.
“In some cases, a bank may have exposures to a group of
counterparties with specific relationships or dependencies such that, were one
of the counterparties to fail, all of the counterparties would very likely fail.
A group of this sort, referred to in this framework as a group of connected
counterparties, must be treated as a single counterparty,” it said.
The UN Security Council will meet today to discuss the
crisis in Sudan after security forces violently broke up weeks of protests
against military rule.
In this incident, more than 30 people have been dead and
hundreds injured. According to reports, Britain and Germany requested the talks
UN Secretary-General Antonio Guterres criticized Sudan's
security personnel for using excessive force.
In a statement, Mr.Guterres said, he is alarmed by reports that
security forces have opened fire inside a hospital in Khartoum and called for an
independent investigation into deaths from the violence.
Mr.Guterres urged Sudanese authorities to facilitate an
independent investigation of the deaths and ensure that those responsible are
The US said it was a brutal attack while the UK called it
outrageous. After the President Omar al-Bashir was overthrown in a coup in
April, the country has been governed by a military council.
Meanwhile, leaders of the pro-democracy movement, said they were
stopping all contact with the Transitional Military Council and called a general