1. LOK SABHA PASSES BILL TO LINK ELECTORAL ROLLS WITH AADHAAR
News: Union Law Minister Kiren Rijiju, while moving the Election Laws (Amendment) Bill, 2021, told the House that the linking of the electoral roll with a person’s Aadhaar was “voluntary”, but went on to quote a report of the Parliamentary Standing Committee on Law and Justice to assert that the process would “purify” the rolls.
About Aadhaar Card:
Aadhaar is a 12-digit unique identity number that can be obtained voluntarily by the citizens of India and resident foreign nationals who have spent over 182 days in twelve months immediately preceding the date of application for enrolment, based on their biometric and demographic data.
The data is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established in January 2009 by the Government of India, under the jurisdiction of the Ministry of Electronics and Information Technology, following the provisions of the Aadhaar (Targeted Delivery of Financial and other Subsidies, benefits and services) Act, 2016.
Aadhaar is the world’s largest biometric ID system. World Bank Chief Economist Paul Romer described Aadhaar as “the most sophisticated ID programme in the world”.
Considered a proof of residence and not a proof of citizenship, Aadhaar does not itself grant any rights to domicile in India.
In June 2017, the Home Ministry clarified that Aadhaar is not a valid identification document for Indians travelling to Nepal and Bhutan.
2. SIX ADDITIONAL SEATS FOR JAMMU, ONE FOR KASHMIR PROPOSED
News: The Jammu and Kashmir Delimitation Commission on Monday proposed to increase six seats for the Jammu division and one for the Kashmir division, besides reserving 16 seats for the Scheduled Castes (SC) and the Scheduled Tribes in the Union Territory, triggering sharp reactions from the regional parties. The Kashmir division currently has 46 seats and Jammu 37.
3. SEBI HALTS FUTURES TRADING IN KEY CROPS
News: Market regulator Securities and Exchange Board of India (SEBI) on Monday issued an order suspending futures trading in paddy (non-basmati), wheat, Bengal gram (chana dal), mustard seeds and its derivatives, soyabean and its derivatives, crude palm oil and green gram (moong dal) for a year, in a move believed to stem rising prices.
The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the ownership of Ministry of Finance , Government of India.
It was established on 12 April 1988 and given Statutory Powers on 30 January 1992 through the SEBI Act, 1992.
Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.
It became an autonomous body on 30 January 1992 and was accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament.
SEBI has its headquarters at the business district of Bandra Kurla Complex in Mumbai and has Northern, Eastern, Southern and Western Regional Offices in New Delhi, Kolkata, Chennai, and Ahmedabad respectively.
It has opened local offices at Jaipur and Bangalore and has also opened offices at Guwahati, Bhubaneshwar, Patna, Kochi and Chandigarh in Financial Year 2013–2014.
4. BIMSTEC WORKING ON JOINT DISASTER RELIEF PLANS
News: The COVID-19 pandemic had been a “black swan” event that overwhelmed national capacities, disrupted supply chains and brought people back to the drawing board, Chief of the Army Staff General Manoj Mukund Naravane said on Monday at the inaugural event of PANEX-21, a disaster management exercise of the multilateral grouping Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation of seven South Asian and Southeast Asian nations, housing 1.73 billion people and having a combined gross domestic product of $3.8 trillion (2021).
The BIMSTEC member states – Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand – are among the countries dependent on the Bay of Bengal.
Fourteen priority sectors of cooperation have been identified and several BIMSTEC centres have been established to focus on those sectors.
BIMSTEC free trade agreement is under negotiation (c. 2018), also referred to as the mini SAARC.
Leadership is rotated in alphabetical order of country names. The permanent secretariat is in Dhaka, Bangladesh.
On 6 June 1997, a new sub-regional grouping was formed in Bangkok under the name BIST-EC (Bangladesh, India, Sri Lanka, and Thailand Economic Cooperation).
There are 14 main sectors of BIMSTEC along technological and economic cooperation among South Asian and Southeast Asian countries along the coast of the Bay of Bengal.