News: The Enforcement Directorate has attached assets estimated at ₹757.77 crore of Amway India Enterprises Private Ltd., which has been accused by the agency of running a multi-level marketing scam.
About Pyramid Scam:
A pyramid scheme is a sketchy and unsustainable business model, where a few top-level members recruit newer members.
Those members pay upfront costs up the chain to those who enrolled them. As newer members in turn recruit underlings of their own, a portion of the subsequent fees they receive is also kicked up the chain.
A pyramid scheme funnels earnings from those on lower levels of an organization to the top, and are often associated with fraudulent operations.
The vast majority of pyramid schemes rely on profiting from recruitment fees and seldom involve the sale of actual goods or services with intrinsic value.
Multi-Level Marketing operations (MLMs) are similar in nature to pyramid schemes but differ in that they involve the sale of tangible goods.
Pyramid schemes are so named because they resemble a pyramid structure, starting with a single point on top, that becomes progressively wider toward the bottom.
2. L-ROOT SERVER
News: Rajasthan has become the first State in the country to get the L-root server, which will enable it to provide digital services and enforce e-governance with seamless connectivity.
The new facility will strengthen infrastructure and help improve security of Internet-based operations.
The new server has been installed at the Bhamashah State Data Centre here in association with the Internet Corporation for Assigned Names and Numbers.
This server has been installed by the state government in association with the Internet Corporation for Assigned Names and Numbers (ICANN).
With this ICANN root server, Rajasthan is no longer dependent on any root server for the domain name system.
After this arrangement, now if there is a problem in internet connectivity due to any technical glitch or natural calamity in the whole of Asia or India, it will continue to run without any interruption in Rajasthan. Along with this, high speed internet connectivity will also be ensured.
About Internet Corporation for Assigned Names and Numbers (ICANN):
ICANN is the Internet Corporation for Assigned Names and Numbers.
It is a non-profit organization headquartered in Southern California that was formed in 1998 to help the U.S. government manage certain functions that maintain the Internet’s core infrastructure.
ICANN maintains the central repository for IP addresses and helps coordinate the supply of IP addresses.
It also manages the domain name system and root servers. ICANN currently manages over 180 million domain names and four billion network addresses across 240 countries.
It is also important to note that which ICANN does not control, such as content on the Internet, malware or spam and Internet access.
3. GURU TEGH BAHADUR
News: The government will celebrate the 400th birth anniversary of Guru Tegh Bahadur with a two-day event at the Red Fort.
About Guru Tegh Bahadur:
Guru Tegh Bahadur was the ninth of ten Gurus who founded the Sikh religion and the leader of Sikhs from 1665 until his beheading in 1675.
He was born in Amritsar, Punjab, India in 1621 and was the youngest son of Guru Hargobind, the sixth Sikh guru.
Considered a principled and fearless warrior, he was a learned spiritual scholar and a poet whose 115 hymns are included in Sri Guru Granth Sahib, the main text of Sikhism. Guru Tegh Bahadur was executed on the orders of Aurangzeb, the sixth Mughal emperor, in Delhi, India.
Sikh holy premises Gurudwara Sis Ganj Sahib and Gurdwara Rakab Ganj Sahib in Delhi mark the places of execution and cremation of Guru Tegh Bahadur.
4. TRIBAL COUNCIL
News: A tribal council in Meghalaya has joined the list of individuals and organisations in opposing the State government’s deal with Assam to resolve a 50-year-old boundary dispute.
About Tribal Council:
The Sixth Schedule of the Constitution of India allows for the formation of autonomous administrative divisions which have been given autonomy within their respective states.
Most of these autonomous district councils are located in North East India but two are in Ladakh, a region administered by India as a union territory.
Presently, 10 Autonomous Councils in Assam, Meghalaya, Mizoram and Tripura are formed by virtue of the Sixth Schedule with the rest being formed as a result of other legislation.
Under the provisions of the Sixth Schedule of the Constitution of India, autonomous district councils can make laws, rules and regulations in the following areas:
Agriculture and cultivation
Formation of village councils
Village and town level policing
Appointment of traditional chiefs and headmen
Inheritance of property
Marriage and divorce
Money lending and trading
Mining and minerals
Autonomous district councils have powers to form courts to hear cases where both parties are members of Scheduled Tribes and the maximum sentence is less than 5 years in prison.