SEBI should seek power to tap phone calls: TK Viswanathan Committee
The Committee on Fair Market Conduct, headed by former law secretary T K Viswanathan, submitted its report to SEBI Chairman Ajay Tyagi on August 8, 2018. In its report, the committee recommended the market regulator Securities and Exchange Board of India (SEBI) to seek powers to tap telephones and other electronic communication devices to check insider trading and other frauds.
Currently, the SEBI has the power to only ask for call records, which includes numbers called and the duration of calls made. The Securities and Exchange Board of India (SEBI) has sought comments from public on the committee's recommendations till August 24, 2018.
Cabinet approves amendments in instant triple talaq bill, seeks approval from Rajya Sabha today
The Union Cabinet on August 9, 2018 approved a few amendments in the instant triple talaq bill, making it permissible for a magistrate to give bail for the offence. The amended triple talaq bill will be tabled in Rajya Sabha on August 10, 2018 for its approval.
The amendment mandates that the magistrate can decide on releasing the husband on bail only after hearing the wife. However, the offence remains non-bailable. The government has not struck down the three year jail penalty for the husband or the provision that only empowers a magistrate to release the accused on bail.
India ranks 57 in Global Innovation Index 2018
The 11th edition of Global Innovation Index (GII) 2018 was launched in India on August 8, 2018. The index was based on the theme– ‘Energizing the World with Innovation’. The India launch was organised by the Confederation of Indian Industry (CII), one of the founding partners of GII along with WIPO.
The 2018 GII index shows interesting changes in the top 10. While Switzerland leads the rankings for the eighth consecutive year, the Netherlands and Sweden swapped their positions, ranking 2nd and 3rd respectively.
World Bio-Fuel day 2018 observed globally
The World Bio-Fuel Day was observed across the world on August 10, 2018 with an aim to create awareness about non fossil-fuels (green fuels). The day highlights the importance of non-fossil fuels as alternative to conventional fossil fuels and highlights the various efforts made by the Government in the bio-fuel sector.
Prime Minister Narendra Modi addressed a diverse gathering consisting of farmers, scientists, entrepreneurs, students, government officials and legislators in New Delhi to mark the World Biofuel Day 2018.
Former Chilean President, Michelle Bachelet to be next UN human rights chief
The United Nations on August 8, 2018 announced that UN Secretary-General Antonio Guterres has chosen former Chilean President Michelle Bachelet to be the UN’s new human rights chief. Bachelet would be succeeding Jordanian diplomat Zeid Ra'ad al-Hussein, who had been one of the most outspoken critics of abuses by the governments in many countries.
UN Chief Guterres informed the General Assembly of his intention to appoint Bachelet as the next United Nations High Commissioner for Human Right after consultations with the Chairs of the regional groups of Member States.
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