Speaker suspends six Cong. MPs for 5 days
- Lok Sabha Speaker Sumitra Mahajan suspended six Congress MPs for five days for "unruly behaviour" and disrupting the proceedings of the House.
- The Lok Sabha got off to a stormy start with leader of the Congress' Legislative Party Mallikarjuna Kharge demanding a discussion on widespread incidents of mob violence and murder.
- The party had moved an adjournment motion for the discussion but it was denied by the Speaker.
- This is not the first time Ms Mahajan has suspended opposition MPs; in July 2015 she had suspended 25 Congress MPs for five days for causing disruption.
Related Terms:
Question Hour:The first Hour of every sitting of the Parliament is generally reserved for asking and answering of Questions.
Zero Hour:The time immediately following the Question Hour has come to be known as Zero Hour.It starts at around 12 noon (hence the name) and members can,with prior notice to the speaker,raise issues of importance during this time.Typically,discussions on important Bills,the Budget and other issues of national importance takes place from 2 PM onwards .
Gangotri glacier retreated 0.15 sq km in 9 years: govt
The Gangotri glacier has retreated
0.15 sq km between
2007 and 2016, the Rajya
Sabha was informed on
Monday.
The melting of
Gangotri glacier has been
studied by the Indian Space
Research Organisation
(ISRO) by taking Survey of
India maps of 1962 as the
base
Study over 40 years: The ISRO study during last
four decades has revealed
that loss in area of Gangotri
glacier during the years: (i)
1962 and 2005 was 3.19 sq
km; (ii) 1990 and 2007 was
0.13 sq km and (iii) 2007
and 2016 was 0.15 sq km
Major initiatives taken under
the National Mission for
Sustaining the Himalayan
Ecosystem (NMSHE) under
the National Action Plan on
Climate Change (NAPCC) include
establishment of a
Centre for Himalayan Glaciology
at the Wadia Institute
of Himalayan Geology in
Dehradun and setting up of
six thematic task forces
Climate changes: They include natural and
geological wealth, water,
ice, snow including glaciers,
micro flora and fauna and
wildlife and animal population,
Himalayan agriculture,
traditional knowledge system
and forest resources
and plant diversity.
He said climate change
centres have been set up in
Jammu and Kashmir, Himachal
Pradesh, Uttarakhand,
Manipur,
Mizoram, Tripura, Sikkim,
Arunachal Pradesh, Nagaland,
Meghalaya and West
Bengal.
He added that as per the
fifth assessment report
(AR5) of Intergovernmental
Panel on Climate Change
(IPCC) published in 2014,
globally land and ocean surface
temperature has risen
by 0.85 degrees Celsius
(0.65 to 1.06 degrees) over
the period of 1880 to 2012
Soul of India is in tolerance: Pranab
In his last address to the nation
as the Head of State,
President Pranab Mukherjee
on Monday stressed the need
for pluralism and tolerance,
saying that the soul of India
resides in these values.
He also made a strong
pitch for freeing public discourse
from violence, both
“physical as well as verbal”
“Multiplicity in culture,
faith and language is what
makes India special. We derive
our strength from tolerance ”
Plurality had
become an essential part of
the country after centuries
of assimilation of ideas. The
soul of India resided in pluralism
and tolerance
Compassion
and Empathy were the
“true foundation” of India’s
civilisation
He contended that only a
non-violent society could ensure
the participation of all
sections of the people, particularly
the marginalised
and the dispossessed, in the
democratic process
“India is
not just a geographical entity.
It carries a history of
ideas, philosophy, intellect,
industrial genius, craft innovation
and experience ”
“We may argue, we may
agree or we may not agree.
But we cannot deny the essential
prevalence of multiplicity
of opinion. Otherwise,
a fundamental
character of our thought
process will wither away,” he
asserted.
He reminded
people of Mahatma Gandhi’s
philosophy and said that the
creation of an inclusive society
had to be an article of
faith. The President also
stressed the need for financial
inclusion for an equitable
society, and said that
the poorest needed to be
empowered.
Opposition seeks scrutiny of Banking Regulation Bill
- Union Finance Minister introduced the Banking Regulation (Amendment) Bill, 2017, in the Lok Sabha on Monday.
- The Bill seeks to authorise the RBI to resolve the problem of stressed assets, even as the Opposition demanded that it be sent to a standing committee for scrutiny.
- The Bill seeks to amend the Banking Regulation Act, 1949, and replace the Banking Regulation (Amendment) Ordinance promulgated in May.
- It allows the RBI to open an insolvency resolution process in respect of specific stressed assets.
- The RBI will also be empowered to issue directives for resolution and appoint authorities or committees to advise the banking companies on stressed asset resolution.
IMF retains India 2017 GDP growth forecast at 7.2%
- The International Monetary Fund's (IMF) July World Economic Outlook Update retained India's projected GDP growth rate for 2017-18 at 7.2%, and at 7.7% for 2018-19.
- “Growth in India is forecast to pick up further in 2017 and 2018, in line with the April 2017 forecast,” the IMF said
- The IMF added that while activity slowed following demonetisation, growth for 2016-17 was higher than anticipated on the back of government spending and stronger momentum in the first part of that year, as revealed by data revisions.
- On the other hand, the growth outlook was revised upwards for Japan, the euro area, and China.
- "Inflation in advanced economies remains subdued and generally below targets; it has also been declining in several emerging economies, such as Brazil, India, and Russia," the IMF said.
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