CJI wants judiciary to revisit conventional wisdom : (National) Chief Justice of India RanjanGogoi on Wednesday said great institutions like the judiciary should be on their guard against the “wicked and the vile,” who work in the…
CJI wants judiciary to revisit conventional wisdom : (National)
Chief Justice of India RanjanGogoi on Wednesday said great institutions like the judiciary should be on their guard against the “wicked and the vile,” who work in their dark recesses to weaken them in a deceptive manner.
The Chief Justice was speaking at the inauguration of the state-of-the-art Additional Building Complex of the Supreme Court. On the occasion, the Court also launched the translation of 100 of its English judgments in seven other languages.
In his address, the CJI said it is time for stakeholders to introspect their respective roles in order to successfully engage in the process of nation-building.
“The threat from such people has always been the greatest to institutions like the judiciary, which do not pander to any particular interest or bow to powerful coteries that breed in the nooks and dark corners,” the CJI said.
The Chief Justice also said there is a dire need for introspection among the stakeholders as to where and how they would like to see this institution in the decades ahead.
In this context, the CJI said the court and all its constituents should revamp existing methodologies and revisit conventional wisdom and traditions.
Cabinet clears amendment to bankruptcy code : (Economy)
- The Union Cabinet on Wednesday approved amendments to the Insolvency and Bankruptcy Code, placing a greater emphasis on more time-bound resolution and laying down voting rules of the financial creditors.
- Among the amendments approved is the one that mandates a deadline for the completion of the resolution process within 330 days, including all litigation and judicial processes.
- “Votes of all financial creditors covered under Section 21(6A) shall be cast in accordance with the decision approved by the highest voting share [more than 50%] of financial creditors on present and voting basis,” the release added.
- Another amendment allows for creditors who voted against the majority to receive a minimum liquidation value. This decision would have retrospective effect in cases where the resolution plan has not yet been finalised or has been appealed against.
- The Amendment Bill also states that the resolution plan will be binding on all the stakeholders, including governments, to whom a debt is owed.
IMD plans to review quantity of normal monsoon rain : (Science and technology)
- The India Meteorological Department (IMD) is likely to revise downward by 2% the quantity of ‘normal’ monsoonal rain, two independent sources confirmed.
- Currently, 89 cm of monsoon rain from June to September is considered ‘normal’, more technically, the long period average (LPA), and this is derived from the average rainfall that the country got from 1960-2010.
- The IMD routinely updates ‘normal’ rain every 10-12 years but the changes can take nearly 5 years to reflect in the agency’s official forecasts.
- This time the change could be reflected by 2021 after taking into account the monsoon rainfall from 1970-2020, a senior meteorologist connected to IMD's forecast process told.
- This year the monsoon has been 16% short over India so far, largely due to a shortfall in June. It has improved in July and the IMD has forecast a pick-up in the coming days due to a ‘monsoon pulse’ in Southern India. Kerala, the Konkan coast, Odisha and Madhya Pradesh will see heavy rainfall.
Hima Das wins gold in Tabor Athletics meet : (Sports)
- Star Indian sprinter Hima Das clinched her fourth gold in a fortnight as she won the 200m race with a creditable timing in the Tabor Athletics Meet in Czech Republic yesterday.
- Hima won the race in 23.25 seconds, which had a mediocre field with most of the competitors representing clubs of Czech Republic.
- In men's 400m, Muhammad Anas won in 45.40 seconds, while compatriots Tom Noah Nirmal came second with a season-best effort of 46.59 seconds. KS Jeevan was third with a timing of 46.60 seconds and MP Jabir finished fourth in 47.16 seconds.
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