TITBITS :
1. BENAMI TRANSACTION
PROHIBITION ACT:
The Supreme Court
recalled its August 2022 order, which had declared certain provisions of the
Benami Transactions (Prohibition) Act, 1988, unconstitutional. This decision
came in response to a petition filed by the Centre, arguing that the
constitutional validity of the unamended Act was never questioned in the
original case.
2. INDIA’S CARBON MARKET
The Bureau of Energy Efficiency (BEE) launched two important guidelines in
Hyderabad to help improve India’s Carbon Market, which is part of the country’s
plan to fight climate change. These guidelines aim to make carbon credit
trading more effective, helping India reduce greenhouse gas emissions.
1.
Detailed Procedure for Compliance Mechanism
2.
Accreditation Procedure for Accredited Carbon
Verification Agencies
3. At a time when consumer price-based inflation
(CPI) is expected to remain above 5 per cent, and growth holding on, a cut in
the interest rate would be "premature, and very risky", Reserve Bank
of India (RBI) Governor Shaktikanta Das said.
4. The Supreme Court has unveiled a new statue of
"Lady Justice", reimagining the image-typically a blindfolded woman
holding a set of scales in one hand and a sword in the other- that is
synonymous with legal practice around the world.
5. The BRICS group will generate most of the
global economic growth in the coming years thanks to its size and relatively
fast growth compared with that of developed Western nations, Russian President
Vladimir Putin said.