Questions on RBI’s credibility outlandish, says Nirmala Sitharaman
Any suggestions on the credibility of the Reserve Bank of India (RBI) are “outlandish”, Union Finance Minister Nirmala Sitharaman said on Tuesday, responding to criticism on the transfer of ₹1.76 lakh crore surplus from the central bank to the exchequer.
Ms. Sitharaman further said the committee members themselves had given an explanation through the media that issues like fiscal financial stability, the surplus to meet any emergency and contingency had all been factored in by the committee while coming up with its formula.
RBI can pay interim dividend to govt in exceptional cases: Jalan panel
A Reserve Bank of India panel, led by former governor Bimal Jalan, has recommended that the central bank pay interim dividend to the government, a practice that started in 2016-17, only under exceptional circumstances.
All the recommendations of the panel, set up to study the central bank’s economic capital framework, were accepted by RBI’s central board on Monday. The Jalan committee has also recommended that RBI’s capital framework be reviewed every five years and its accounting year (July-June) be aligned with the fiscal year that ends on 31 March.
Hearing on pleas seeking uniform civil code adjourned
The Delhi High Court on Tuesday adjourned the hearing of two petitions seeking its directions for drafting a Uniform Civil Code (UCC). The first petition, filed by Bharatiya Janata Party leader and lawyer Ashwini Kumar Upadhyay, has sought directions for drafting a UCC to promote unity, fraternity and national integration.
The petition has been opposed by the All India Muslim Personal Law Board, which has filed an application to be impleaded as a party in the matter, claiming that the plea was not maintainable in law and ought not to be entertained.
A fresh petition by advocate Abhinav Beri has sought a direction to the Centre to constitute a judicial commission or a high-level expert committee to draft a UCC for securing gender justice, equality and dignity of women.
Kerala, TN, Himachal top India’s child well-being index, says report
Kerala, Tamil Nadu, Himachal Pradesh and Puducherry topped the charts in the child well-being index, a tool designed to measure and tracks children’s well-being comprehensively.
Meghalaya, Jharkhand and Madhya Pradesh featured at the bottom, as per a report released by the non government organisation World Vision India and research institute IFMR LEAD. The report is an attempt to look at how India fairs on child well-being using a composite child well-being index.
U.S. religious panel anxious about ‘potential abuse’ of NRC
A U.S. federal government bipartisan commission that looks into matters of international religious freedom has said it is concerned about the finalisation of the National Register of Citizens (NRC) in Assam.
United States Commission on International Religious Freedom (USCIRF) Chairman Tony Perkins and one of its commissioners Anurima Bhargava said the process to finalise the NRC by August 31 could undermine religious freedom for vulnerable minorities and potentially be used to “render stateless” Muslim communities in the northeast.
Focus to be on cooperation in Russian Far East during Modi-Putin meet: Indian envoy
India sees Russia as a long-term, reliable partner and at the coming bilateral summit between Prime Minister Narendra Modi and President Vladimir Putin, both nations are set to add new areas of cooperation beyond the traditional ones.
Russian Far East is a priority for us, it’s a priority for Russia. We see commonalities in terms of economic cooperation and investment. You can expect some major announcements on how India-Russia relations are going to be diversified. And cooperation in the Russian Far East will be a major component of that diversification.
What is Fedor the robot?
The humanoid robot Fedor, the first from Russia sent into orbit, reached the International Space Station. Short for Final Experimental Demonstration Object Research, Fedor can be operated manually by ISS astronauts wearing robotic exoskeleton suits. The robot mirrors their movements.
Fedor stands 180 cm tall and weighs 160 kg. It copies human movements, which will enable it to perform tasks that are risky for astronauts strapped onto an exoskeleton.
In an interview on the website of the Russian space agency Roscosmos, Fedor developer Yevgeny Dudorov said space is the most important industry for using robots, a dangerous environment for humans. “The ideal option for an assistant, and in some cases a complete replacement for a person, is an anthropomorphic robot,” Dudorov said.