Lok Sabha passes Negotiable Instruments (Amendment) Bill, 2017
The Lok Sabha on July 23, 2018 passed the Negotiable Instruments (Amendment) Bill, 2017 that seeks to amend the Negotiable Instruments Act, 1881. The Act has amended to deal firmly with cheque bounce cases.
The Bill inserts a provision allowing a court trying an offence related to cheque bouncing, to direct the drawer to pay interim compensation to the complainant. The interim compensation will not exceed 20 percent of the cheque amount. Negotiable Instruments refers to any legal documents like cheques, promissory notes, bill of exchange etc that promise to pay specific amount of money to bearer or holder of instrument or person whose name is written on instrument, either on demand or on specified time.
India, Uganda sign four MoUs in various fields
India and Uganda on July 24, 2018 signed four Memorandums of Understanding (MoUs) in various fields including the areas of defence, diplomatic ties, cultural exchange and material testing laboratory.
The agreements were signed following the delegation-level talks between Prime Minister Narendra Modi and Ugandan President Yoweri Museveni in Kampala. Prime Minister Narendra Modi also announced two Lines of Credit worth nearly USD 200 million to Uganda in energy, infrastructure, agriculture and dairy sectors. India will also render vehicles, ambulances and cancer therapy machine to Uganda.
Indian Air Force participates in Australia’s ‘Pitch Black Exercise’ for first time
An Indian Air Force contingent comprising of four Su-30 MKI fighter aircraft on July 24, 2018 landed at Darwin Air Force Base, Australia for participating in the Exercise Pitch Black-2018.
The Indian Air Force contingent consists of 145 personnel, including four Sukhoi Su-30 MKIs, an Ilyushin tanker, an Ilyushin Il-78 tanker, a Lockheed Martin C-130J-30 Super Hercules, and a Boeing C-17 Globemaster transport aircraft. The contingent will undertake simulated air combat exercises in a controlled environment. The three-week exercise will take place from July 27 to August 17, 2018.
BRICS Summit 2018 begins in Johannesburg
The 10th edition of BRICS Summit began in Johannesburg, South Africa on July 25, 2018. Attended by all the BRICS leaders, the BRICS Summit 2018 will be held from July 25 to July 27.
Indian Prime Minister Narendra Modi’s three-nation tour of Africa, which began from Rwanda, will culminate in South Africa. Modi is likely to meet Chinese President Xi Jinping on the sidelines of the summit. The BRICS leaders are expected to discuss global hotspot issues, international peace and security, global governance, trade issues during the restricted session.
WCD Ministry launches ‘Childline1098’ contest
The Ministry of Women and Child Development has launched a contest, '#Childline1098' to mark the World Day against Trafficking in Persons on July 30, 2018.
The contest invites people to share images of the Childline 1098 logo that they spot at unique locations and send it with a tagline. According to the WCD Ministry, the online contest is a means to connect with the citizens and engage them in spreading information about the initiative towards curbing trafficking.
Parliament passes Insolvency and Bankruptcy Code (Second Amendment) Bill, 2018
Assam-NRC Draft can’t be basis of any action by any authority: SC
Government to soon introduce bill proposing death penalty for mob lynching
Ministry of Shipping issues new guidelines for improving treasury investment for Major Ports