The Supreme Court has finalised the new Constitution for the Board of
Control for Cricket in India (BCCI), rejecting the ‘one State-one vote’
recommendation of the Justice R.M. Lodha Committee and altering the
cooling-off period for cricket bosses.
“To utilise territoriality as a basis of exclusion is problematic
because it ignores history and the contributions made by such associations
to the development of cricket and its popularity,” Justice D.Y. Chandrachud,
who wrote the judgment, reasoned.
The court gave Services Sports Control Board, the Railways and the
Association of Universities full membership in the BCCI. In case of
varsities, the court described them as “a nucleus for encouraging the game
of cricket among players of the college-going generation.”
The court supported the recommendation of the Lodha panel that cricket
administrators should undergo a “cooling-off period” before contesting
elections to BCCI or State associations.
But the Bench struck a balance. Justice Lodha had suggested that the
cooling-off period should kick in for a cricket administrator after his
every tenure of three years in office. Instead, the court said an
administrator needs to “cool-off” only after two consecutive terms of six
years in office, whether in BCCI or a State association or a combination of
CCEA approves distribution of pulses to states at discounted price
Having procured an all-time high amount of pulses from farmers over the
past two years, the Centre has now decided to offload stock from its
overflowing warehouses by selling it to States for use in welfare schemes at
a discount of Rs. 15 per kg over the wholesale rate.
The Cabinet Committee on Economic Affairs approved the plan to sell
almost 35 lakh tonnes of tur, channa, masoor, moong and urad dal. The scheme
is likely to cost the exchequer Rs. 5, 237 crore, according to an official
Farmers have seen record harvests of pulses in the past two years,
resulting in a sharp drop in prices. With the government making market
interventions to protect farmers’ interests, price support schemes have been
widespread in many States. This has led to a record procurement of 45.43
lakh tonnes of pulses.
In order to clear space for the procurement this season, the Centre has
decided to offer 34.88 lakh tonnes of pulses to the States for use in ration
shops under the public distribution system or in welfare schemes such as
mid-day meals or the Integrated Child Development Programme. This will be a
one-time dispensation for a period of 12 months or till the stock runs out.
Global Innovation Index, GII- 2018 launched in India
India’s rank on the Global Innovation Index (GII) has improved from 60
in 2017 to 57 in 2018. India has been consistently climbing the GII ranking
for the past two years.
Launching the index,Principal advisor to NITI aayog Mr Watal said, “The
culture of spending on research and development is growing in India and we
are seeing the results in the form of improvements in rankings such as the
He further said that GII 2018 report served another purpose. It provided
an opportunity to look at examples from similar economies from across the
world and understand how they effected change in their countries.
Former Chairman, Atomic Energy Commission, Dr Anil Kakodkar, who is
author of the India chapter in the report said that “we must devise
strategies to address our energy deficit, to ensure sustainable domestic
energy supply”. He emphasized the need to look for innovative ways to tackle
the country's energy problems.
SEBI panel recommends power to tap phone calls.
A committee set up by the Securities and Exchange Board of India (SEBI)
has recommended giving the capital market watchdog direct powers to
intercept phone calls for better investigation while strengthening the
regulations to act against perpetrators of financial statements fraud.
The committee has recommended that SEBI may seek direct power to
intercept calls to aid in investigation, akin to the power granted to the
Central Board of Direct Taxes. However, proper checks and balances must be
ensured for use of the power,” stated the report by the Committee on Fair
Market Conduct formed under the chairmanship of former law secretary T.K.
Currently, the regulator has powers to seek call data records as part of
its probes, but the committee is of the view that the regulator needs more
powers to assist in its regulatory responsibilities.
The panel is in favour of including a new sub-section within the SEBI
Act to prohibit schemes or artifices to manipulate the books of accounts and
financial statements or to hide diversion, misutilisation or siphoning of
public issue proceeds.
The panel has proposed broadening the ambit of manipulative and unfair
trade practices, stating that listed firms should have policies to deal with
leaks of unpublished price sensitive information.
Venezuela confirms to continue oil trade with India
Venezuela’s crude shipments to India, its third largest export market
after the U.S. and China, fell 21% in the first six months of the year, but
the country’s Ambassador in Delhi has said plans are on to boost production
at home and that oil trade with India will continue unabated despite U.S.
Venezuela shipped 2,80,000 barrels per day (bpd) of heavy crude to India
in the first half of the year, down from 3,55,500 bpd shipped in the
corresponding period of last year, which cited trade documents of PDVSA,
Venezuela’s state-run oil company.
Regarding the economic crisis and hyper inflation, Mr.Montiel said
Venezuela’s new cryptocurrency, Petro, will start circulating from August
20. Petro is pegged to the international price of oil.
“The aggression against countries like Venezuela and Iran by the U.S. is
hurting India as well. Multilateralism is in threat because of these
sanctions,” said the Ambassador.
India –Indonesia MoU on health cooperation approved
The Union Cabinet chaired by Prime Minister ShriNarendraModi has
approved the signing the Memorandum of Understanding (MoU) between India and
Indonesia on health cooperation.
The MoU covers the following areas of cooperation:-
Research and development, active pharmaceutical ingredients (API) and
IT-based medical equipment;
Human Resource Development;
Health services; and
Any other area as may be mutually agreed upon.
A Working Group will be set up to further elaborate the details of
cooperation and to oversee the implementation of this MoU.
::SCIENCE & TECHNOLOGY::
ISRO methodology to map Kharif rice area
Mapping and inventorying of Kharif rice area in Jharkhand is carried out
by Mahalanobis National Crop Forecasting Centre (MNCFC), Ministry of
Agriculture and Farmers’ Welfare, using ISRO developed methodology.
One of the objectives of Bringing Green Revolution to Eastern India (BGREI)
scheme is to promote cultivation in post Kharif-rice fallow areas to
increase cropping intensity and income of farmers.
These are mostly located in the southern districts of the state. About
25-30% of these post kharif rice fallow lands are found to be suitable for
cultivation of short duration pulse crops during post kharif season.
The analysis findings are being provided to the local Government/
Department with locations/ maps where farmers can optimise or maximise the
utilisation of resources by taking up another or additional crop during the
post kharif fallow period.
Indian telescope discovers most distant radio galaxy known
Astronomers have used an Indian telescope to discover the most distant
radio galaxy ever known, located at a distance of 12 billion light-years.
The galaxy, from a time when the universe was only 7% of its current age
was found using the Giant Metrewave Radio Telescope (GMRT) in Pune.The
distance to this galaxy was determined using the Gemini North telescope in
Hawaii and the Large Binocular Telescope in Arizona.
The galaxy is perceived as it looked when the universe was only a
billion years old, according to the study appearing in the journal Monthly
Notices of the Royal Astronomical Society . This also means that the light
from this galaxy is almost 12 billion years old.
Radio galaxies are very rare objects in the universe. They are colossal
galaxies with a supermassive black hole in their centre that actively
accretes gas and dust from its surroundings.
This activity initiates the launch of high-energy jet streams, which are
capable of accelerating charged particles around the supermassive black hole
to almost the speed of light.
CoA VinodRai happy about supreme court verdict
Committee of Administrators (CoA) chief VinodRai, reacting to the
Supreme Court decision on the Lodha reforms, said it was a ‘very positive
About the cooling-off period, Rai made it clear that it would not be an
issue. “That (the cooling-off period dilution) is okay. Sometime ago, even I
had said that I am okay with two terms before the cooling-off period,” he
said. “As long as the nine-year rule remains, there should not be any
Rai also pointed out that one of the most important aspects of the order
is the fact that the State associations will have to fall in line now.
ISl to begin on September 29th
“The ISL will begin on September 29 and the I-League around October 15,”
informed Kushal Das, general secretary, All India Football Federation (AIFF).
The Indian team will travel to China to play a friendly in October while
another friendly (most likely against Saudi Arabia or Syria) will be played
in November (between 12 and 20). We will have a break of four to five days
then,” he said.