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CURRENT AFFAIRS
OCTOBER 2017
The bill amends Sections 156 and 190 of the Criminal Procedure Code (CrPC) and bars magistrates from
ordering investigation or investigation being conducted against public officials for acts done “in discharge of
official duties” without obtaining prior sanction under section 197 of CrPC, 1973.
It further lays down that the sanctioning authority may take up to six months for taking a decision otherwise
sanction would be deemed to have been issued.
The bill also prevents media from sharing any information about the accusations or allegations against such
officers till the sanctioning authority gives a go-ahead, which is a grave threat to media freedom and the
public’s right to know.
Debate surrounding the concept of Prior Sanction
Prior sanction is generally mandated to protect public servants from legal harassment for their public action. The
issue is whether prior sanction is required before beginning investigation, or before prosecution in court.
Government’s View - Prior sanction will protect honest officials from frivolous allegations levelled by vested
interests and thus prevent a situation of policy paralysis.
Supreme Court’s View - There have been conflicting views of Supreme Court on issue of prior sanction-
o In MK Aiyappa case, 2013 and Narayana Swamy, 2016 case Supreme Court held that even an
investigation cannot be ordered under Section 156(3) CrPC without prior sanction.
o While in some other cases SC has held opposite view saying that prior sanction for investigation impede
an unbiased and efficient investigation.
Current Legal Status - Currently under CrPC prior sanction is required before prosecution in courts. Section
19 of Prevention of Corruption Act also requires prior sanction for prosecution of public servants for
offences such as taking a bribe or criminal misconduct.
Other similar legislations - The prior sanctions before investigation were also incorporated in Maharashtra
legislation also but in that case sanction was to be given within 3 months and it did not prohibit publication
of names of accused public officials.
Way forward
While invalidating Section 6A of the Delhi Special Police Establishment Act, Supreme Court had observed
that provision of prior sanction destroys the objective of anti-corruption legislation, thwarts independent
investigation, forewarns corrupt officers and violates the spirit of article 14. The above judgement should be
the touchstone for judging the constitutionality of the pre-investigation sanction requirements.
Further there is need to operationalize Lokpal Act to put a check on corruption in higher echelons of public
offices.
2.1.1. INDIA-ITALY
Why in news? India-Italy relations
Italian Prime Minister Paolo Gentiloni recently Italy is India's fifth largest trading partner in the EU with a
paid official visit to India. bilateral trade of USD 8.79 billion in 2016-17.
Italy is one of the most important members of the European
Union (EU) with "the third largest presence of Indian
community after the UK and the Netherlands.
2.3. INDIA-AFRICA
Why in news?
Indian President recently paid an official visit to Djibouti (first ever by an Indian leader) and Ethiopia (first by an
Indian President in 45 years).
The launch of gold options is in line with the Difference between Options and Futures
government’s announcement of including new Under both futures and options, an investor enters
commodities in the derivatives markets. into a contract to buy (or sell) an asset at a pre-
This is the first commodity that the Securities and determined price within a certain time frame.
Exchange Board of India (SEBI) has approved for However, under a future, an investor is obligated to
options trading in 14 years. buy or sell (as the case maybe) within the time frame
The launch is also in consonance with the earlier while under options, he has the option not to.
initiatives taken up by the government for easing
trade in gold such as the Gold Monetisation Scheme launched in 2015 and the Sovereign Gold Bonds
launched in 2016.
The options allow trading in 1 kg of gold.
The gold options would allow investors to hedge any volatility in the price of the metal.
introduced in 2016.
Treasury Bills: These are government securities (debt instruments)
MCLR replaced the base rate system used by the government to raise money for a shorter period of time
(introduced in 2010). i.e less than a year. Therefore, they are categorized as money
Both the base rate and the MCLR were market instruments.
internally determined by the banks T-bills do not pay interest but are rather sold at a discounted rate
themselves. However, the major and can be redeemed at the face value at maturity.
difference between the two was that Certificate of Deposits: It is a money market instrument issued in
calculation of base rate was done as the demat form or as promissory notes by banks against funds
bank saw fit while MCLR was to be deposited at the banks. they can either be offered at a discounted
calculated through a set formula. rate or with a floating rate (to be determined by the market forces).
Repo rate: it is the rate at which banks borrow money from the RBI
against the pledge of government securities.
It shows that energy-intensive industries in India have reduced their carbon emissions by 31 million tonne,
or 2% of India's total annual emissions and saved over Rs 9,500 crore through more efficient energy use in
the three years between 2012 and 2015.
It also indicates towards gradual greening of Indian industry, as 5,635 MW of electricity generation was
avoided, accounting to monetary savings of Rs 37,685 crore.
About PAT (perform, achieve & trade) scheme National Mission for Enhanced Energy Efficiency (NMEEE)
It is one of the eight national missions under the National
It was launched by Bureau of Energy Efficiency Action Plan on Climate Change (NAPCC). NMEEE consist of
(Ministry of Power) under the National Mission for four initiatives to enhance energy efficiency in energy
Enhanced Energy Efficiency (NMEEE). intensive industries which are as follows:
It is a market based mechanism in which sectors PAT (perform, achieve & trade) scheme: Improving
are assigned efficiency targets. Industries which efficiency in energy intensive sector.
over-achieve target get incentives in the form of Energy Efficiency Financing Platform (EEFP): provides
energy saving certificates (ESCert). a platform to interact with financial institutions and
These certificates are tradable at two energy project developers for implementation of energy
efficiency projects
exchanges viz. Indian Energy Exchange and Power
Framework for Energy Efficient Economic
Exchange India, where it can be bought by other
Development (FEEED): focuses on developing
industries which are unable to achieve their targets. appropriate fiscal instruments to promote energy
PAT cycle I (2012-13 to 2014-15), was applicable efficiency financing
on eight energy intensive sectors. There are Market transformation for Energy Efficiency (MTEE):
about 478 numbers of Designated Consumers in Accelerating shift toward energy efficient appliances.
these 8 sectors which account for about 165
million tonnes oil equivalent of energy consumption annually (33% of India's primary energy consumption).
PAT cycle II (2016 2018-19): includes 8 sectors of PAT I and 3 new sectors viz, railways, discoms and
petroleum refineries.
PAT cycle III (2017-20): Under it, 116 new units have been included and given a reduction target of 1.06
million tonnes of oil equivalent.