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Today’s important articles/news in various newspapers (6th March March)

Dear aspirants, following are the links of various articles taken from various newspapers. Click the link to read further. To get notification, follow the blog. Thank you

1. It’s time to reimagine South Asia

India-China-Pakistan cooperation can transform the subcontinent — joining a renamed CPEC would be a good start.

What is CPEC ?

CPEC was initiated by china to connect its Western front Xin-Xiang with the Indian Ocean, by which it can over come long route for trade south china sea to Indonesia and making its backward states a new hope of progress. To link up Xin-Xiang with Indian Ocean, china built Gwadar Port at Baluchistan with huge investment.

It was said to be hidden aim of china to built Gwadar Port at Baluchistan, Western side of India to counter India strategically by making its military presence at coast near to India.

CPEC consider Road and Railway route from Gwadar port to sindh to Panjab to POK to Xin-Xiang, and further can be inked to Beijing possibly.

CPEC or China Pakistan Economic Corridor is a crucial leg of the grand Chinese design of OBOR or the One Belt One Road.

 
A well-informed public can serve as a watchdog more effectively than existing banking regulatory bodies.

Understanding Financial Regulatory Bodies in India

RBI – Reserve Banks of India :

SEBI – Securities and Exchange Board of India :

PFRDA – Pension Fund Regulatory and Development Authority :

FMC – Forward Markets Commission : It is the chief regulator of the commodity(MCX, NCDEX, NMCE, UCX etc) of the Indian futures market.

IRDA – Insurance Regulatory and Development Authority :

 

3. A gathering storm

With the assault on freedoms intensifying, it is crucial to engage more with international human rights law.

The World Justice Project® (WJP) is an independent, multidisciplinary organization working to advance the rule of law worldwide.

Effective rule of law reduces corruption, combats poverty and disease, and protects people from injustices large and small. It is the foundation for communities of equity, opportunity, and peace—underpinning development, accountable government, and respect for fundamental rights.

Founded by William H. Neukom in 2006 as a presidential initiative of the American Bar Association (ABA), and with the initial support of 21 other strategic partners, the World Justice Project transitioned into an independent  non-profit organization in 2009. Its offices are located in Washington, DC, and Seattle, WA, USA.

The Four Universal Principles

The World Justice Project’s definition of the rule of law is comprised of the following four universal principles:

1. Accountability
The government as well as private actors are accountable under the law.

2. Just Laws
The laws are clear, publicized, stable, and just; are applied evenly; and protect fundamental rights, including the security of persons and property and certain core human rights.

3. Open Government
The processes by which the laws are enacted, administered, and enforced are accessible, fair, and efficient.

4. Accessible & Impartial Dispute Resolution
Justice is delivered timely by competent, ethical, and independent representatives and neutrals who are accessible, have adequate resources, and reflect the makeup of the communities they serve.

4. Parliament and the Judiciary Background Note for the Conference on Effective Legislatures

Parliament and the Judiciary:
The Constitutional Relationship:-
The Constitution provides for a separation of powers between
Parliament and the Judiciary by demarcating their roles and
responsibilities. It also lays down various ways by which (i) the
Judiciary may guard against the unconstitutional exercise of
power by Parliament, and (ii) Parliament may legislate on or act
as a check in matters related to the Judiciary.

Parliament’s Powers and Privileges:–
Powers: Parliament enacts laws, exercises oversight over the
Executive, sanctions government expenditure and represents
citizens. It also has the power to amend the Constitution. Note
that Parliament has the power to legislate on matters related to
the Judiciary such as its powers, jurisdiction, organisation and
service conditions of judges. It also has the power to remove
judges on grounds of proved misbehaviour or incapacity.

Immunity from court proceedings: To grant Parliament
autonomy in its functioning, the Constitution guarantees certain
protections to parliamentary proceedings and those participating
in them. For example, Members of Parliament (MPs) enjoy
immunity from court proceedings for anything that they say or
any vote that they make in Parliament. The Constitution bars
the courts from examining validity of parliamentary proceedings on grounds of irregularity of procedure. The courts also cannot hold any person liable for any material (e.g. reports and proceedings) that is published under the authority of Parliament. They also cannot question any officer of Parliament or MP regarding actions taken by
them for regulating business or maintaining order in Parliament.

Judiciary’s Responsibilities and Powers
Powers: The Judiciary adjudicates disputes and administers justice under criminal law. In addition, the higher judiciary (Supreme Court and High Courts) acts as the custodian of the Constitution because it is responsible for its interpretation and enforcement. The higher judiciary also has the power to strike down laws of Parliament and actions of the Executive as invalid, if they violate the Constitution. This is called the power of judicial review.
For example, a law may be declared as invalid if it violates the fundamental rights guaranteed by the Constitution.
A law may also be declared invalid if its subject-matter is outside Parliament’s area of competence (e.g. a central law on police may be invalid because police falls within the state legislatures’ domain).

5. High noon

Governments must ensure local-level interventions to deal with heat stress.

6. Dalit women subsisting without voice or options

We need labour laws reforms to give exit options to Dalit women trapped in a system that will not even let them get to their 40th birthday, let alone give them cause to celebrate it.

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