Eighty-four out of the 102 cities that have been tasked with
reducing toxic particulate matter levels by 20%-30% by 2024 have submitted
proposals, C.K. Mishra, Secretary, Union Environment Ministry, said at a
“We haven’t set any annual targets for the cities but are
looking at a periodic review,” Mr. Mishra said at a function to announce the
government’s plans to celebrate World Environment Day on June 5. One hundred and
two cities, considered India’s most polluted, have been tasked with reducing PM
(particulate matter) 10 and PM 2.5 levels by 2024, as part of the National Clean
Air Programme (NCAP). This was made public in January this year.
The States in which the cities are located are expected to
produce plans that include increasing the number of monitoring stations,
providing technology support, conducting source apportionment studies, and
strengthening enforcement. For achieving the NCAP targets, cities would be
expected to calculate the reduction in pollution, keeping 2017’s average annual
PM levels as the base year.
The NCAP requires cities to implement specific measures such as
“ensuring roads are pothole-free to improve traffic flow and thereby reduce
dust” (within 60 days) or “ensuring strict action against unauthorised brick
kilns” (within 30 days). It doesn’t specify an exact date for when these
obligations kick in.
Mere financial assistance provided to purchase property for
the welfare of family members cannot be classified as a benami transaction,
the Supreme Court held in a recent judgment.
A Bench led by Justice L. NageswaraRao upheld a Karnataka High
Court order, which dismissed a plea that the financial help given by G.
VenkataRao to his family members to purchase property was a benami transaction.
Financial assistance or source of money cannot be sole
determinative factor or circumstance to hold that a purchase of property is
The court reiterated its own precedents while considering the
nature of benami transactions. “The source of money had never been the sole
consideration. It is merely one of the relevant considerations but not
determinative in character,” Justice Rao wrote in the verdict.
It referred to the Supreme Court’s judgment in the Thakur Bhim
Singh case, in which it held that “while considering a particular transaction as
benami, the intention of the person who contributed the purchase money is
determinative of the nature of transaction.”
“It is further observed by this court as to what the intention
of the person was, who contributed the purchase money, has to be decided on the
basis of the surrounding circumstance,” the Bench said.
The Reserve Bank of India (RBI) on Wednesday constituted a
task force to suggest policy and regulatory interventions required for
development of secondary market in corporate loans, including loan
transaction platform for stressed assets.
The six-member body, headed by Canara Bank chairman T. N.
Manoharan, has been set up to review the existing state of the market for loan
sale/transfer in India as well as international experience in loan trading, the
central bank said.
Secondary loan market in India is largely restricted to asset
reconstruction companies (ARCs)and ad hoc sale to other lenders, including
banks, and no formalised mechanism has been developed to deepen the market.
A well-developed secondary market for debt will also aid in the
transparent price discovery of the inherent riskiness of the debt being traded,
the Reserve Bank of India said while announcing the task force.
The task force has also been asked by the central bank to make
recommendations for the creation of a loan contract registry to remove
information asymmetries between buyers and sellers, its ownership structure and
related protocols such as standardisation of loan information, independent
validation and data access.
The task force has been asked to submit its report by the end of
The Trump administration removed India from its currency
monitoring list of major trading partners. It cited certain developments and
steps being taken by New Delhi which address some of its major concerns.
Switzerland is the other nation that has been removed by the US
from its currency monitoring list. The list includes other countries like China,
Japan and Germany.
India has been removed from the monitoring list in the latest semi-annual report
on macroeconomic and foreign exchange policies of major trading partners of the
US. The Treasury Department reasoned that India had met only one out of three
criteria - a significant bilateral surplus with the US - for two consecutive
After purchasing foreign exchange on net in 2017, the central
bank steadily sold reserves for most of 2018, with net sales of foreign exchange
reaching 1.7 per cent of GDP over the year.
The report added that India maintains ample reserves according
to the IMF metrics for reserve adequacy.
In both Switzerland and India, there was a notable decline in
2018 in the scale and frequency of foreign exchange purchases, the report
India for the first time was placed by the US in its currency
monitoring list of countries with potentially questionable foreign exchange
policies in May 2018 along with five other countries - China, Germany, Japan,
South Korea and Switzerland.
Meanwhile, even as it still kept China on a list of countries
whose trade surpluses with the US and other indicators are closely tracked, the
administration once again refused to label China as a currency manipulator.
The World Health Organization (WHO) will no longer
categorise being transgender as a “mental disorder”.The change was brought
in after a major resolution to amend the WHO health guidelines was approved
earlier this week on May 25.
The global health organisation said, “Evidence is now clear that
gender incongruence is not a mental disorder, and indeed classifying it as such
can cause enormous stigma for people who are transgender. Also there remain
significant health care needs that can best be met if the condition is coded
under the ICD (International Classification of Diseases).”
The WHO added that a “significant change in the mental disorders
section of ICD-11 is the attempt of statisticians to simplify the codes as much
as possible to allow for coding of mental health conditions by primary health
care providers rather than by mental health specialists.
Health and human rights activists are now hoping that the ICD-11
will be implemented by the WHO’s 194 member states over the next three years.
The WHO’s removal of “gender identity disorder” from its diagnostic manual will
have a liberating effect on transgender people worldwide, they said.
“In India, psychiatrists at an individual level have stopped
treating transgender as a mental health condition. With this move, the Indian
government will have to make the changes in the medical systems and laws that
require this now officially outdated diagnosis,” said Dr.ZakirhusainShaikh,
assistant professor, Department of Community Medicine, Hamdard Institute of
Medical Sciences and Research.
AkkaiPadmashali, social activist, said, “The Indian government
now has to ensure that this is implemented in totality. This may be a milestone,
but there is still quite a way to go.”