SRIRAM LAW TIMES - A BI-MONTHLY NEWSLETTER

February 2018
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NEWS IN BRIEF
1. India has slipped to the 2. Indian U-19 (boys) cricket
He said the focus of the
42nd position on the team created history as it
EIU Democracy Index won the ICC U-19 World Budget is agriculture and
compiled by the Cup 2018 by defeating rural economy, health,
Economist Intelligence Australia in the final and infrastructure and senior
Unit. India moved down thus became the first-
citizens. He announced
from the 32nd place to 42nd ever team to win this
tournament four times. that the Minimum Support
place owing to “rise of
conservative religious Indian vice-captain Price (MSP) for notified
ideologies. Norway, Shubham Gill was kharif crops would be 1.5
Iceland and Sweden adjudged the man of the
times of the cost incurred
occupied the top three match.
3. Finance Minister Arun by farmers for production.
positions. The report, titled
Jaitley presented the The highlight of the
Democracy Index 2017,
Union Budget 2018 - budget being taking
has classified India as
the last budget of the
flawed democracy and healthcare protection to a
BJP-led NDA
attributed the dip in India’s new aspirational level.
government in the
rankings to lack of
Parliament prior to the Launching a flagship
freedom of speech and
Lok Sabha elections National Health
free media. slated for 2019.
Protection Scheme
(Ayushman Bharat
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SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

Scheme) to cover 10 value of wetlands for 11. Supreme Court

crore poor and humanity and the planet. referred to a
vulnerable families, 7. “Exam Warriors” is the Constitution Bench to
benefiting approx. 50 name of the book written decide whether the
crore. Providing Rs 5 lakh by Indian Prime Minister people of Tamil Nadu
per family per year for Narendra Modi that was can preserve Jallikattu
medical reimbursement, released on 4 February as their cultural
under National Health 2018. heritage under Art. 29
Protection Scheme. This 8. The Ministry of Railways (1) of the Constitution
will be world’s largest has decided to set up of a and demand its
health protection scheme. massive rail coach protection. This decision
factory in Latur district was made while hearing a
4. Tata Sons Chairman N. in Maharashtra. batch of petitions filed by
Chandrasekaran is 9. Prime Minister the People for Ethical
heading the 17- Narendra Treatment of Animals
member task force Modi inaugurated the (PETA) and activists to
constituted by the first 'Khelo India' School strike down the Prevention
Department of Defence Games at the Indira of Cruelty to Animals
Production on 2 February Gandhi Indoor (Tamil Nadu Amendment)
2018 to study use of Stadium in New Delhi. Act of 2017.
artificial intelligence for These games ran till 8 12. The Maldives
defence applications and February. The 'Khelo government declared a
production. India' initiative will help in state of emergency for
5. The government will come selecting sports talent 15 days following a
out with a framework to from schools and Supreme Court ruling.
regulate developing them as future The Supreme Court of the
cryptocurrencies by the champions. Haryana Maldives had on 1
end of this financial year, topped the medals tally of February 2018 overturned
as it looks to clamp down Khelo India Games 2018 terrorism charges against
on rapidly growing virtual followed by Maharashtra. nine opponents of
currencies such as bitcoin. 10. Justice Abhilasha President Abdulla Yameen
6. The World Wetland Day Kumari on10th February and had said that these
(WWD) is observed every became first woman to charges were illegal. The
year on 2 February to become the chief justice of apex court had also
raise awareness about the the Manipur high court. annulled the 13-year jail
sentence of country’s
2
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

exiled former president was one of the key 20. President Mahmoud Abbas
Mohamed Nasheed. highlights of Prime bestowed the “Grand
13. In the India Open Minister Narendra Modi's Collar of the State of
badminton tournament, visit to Oman. Palestine” on Indian
World No.4 P.V. Sindhu 17. President Ramnath President Narendra Modi
tripped on match-point Govind inaugurated the after the conclusion of
and lost to Zhang grand anointing ceremony their bilateral meeting in
Beiwen of China. – Ramallah on 10 February
14. Dubai airport was the Mahamastakabhisheka 2018.
world’s busiest for held once in 12 years at 21. Bochasanwasi Akshar
international passengers in Shravanabelagola by Purushottam Sanstha
2017 for the fourth year unveiling an idol of Lord (BAPS), the worldwide
running, with 88.2 million Bahubali religious and civic
travelers. (Gommateshwara) statue. organization within the
15. The Ministry of 18. “Rabindra Setu” Swaminarayan branch of
Environment has released (popularly known as Hinduism, will construct a
India State of Forest Howrah Bridge), the grand Swaminarayan
Report 2017. According iconic cantilever bridge in Temple in Abu Dhabi,
to current assessment the Kolkata, completed 75 which will be the first
total forest cover is years of its opening. The Hindu temple in Abu
nearly 7, 08,273 sq km bridge is over Hooghly Dhabi. The proposed
which is 21.54% of the River and connects the temple will be on the
geographical area of two cities of Howrah and pattern of the existing
the country. There has Kolkata Akshardham
been an increase of 6778 19. Prime Minister Narendra Swaminarayan temples in
sq km or 1% in forest Modi made a historic visit Delhi and Gandhinagar.
covers at the national to Palestine. He 22. Russian authorities have
level. In terms of area, reaffirmed India’s support demanded over $20 million
Madhya Pradesh (77,414 for the Palestine cause and for rectifying the damage
sq km) has the largest called for dialogue to find suffered by nuclear
forest cover. a permanent solution to submarine INS Chakra.
16. India has been given the crisis but did not The front portion of the
access to the key port of mention anything on the submarine was damaged
Duqm in Oman for contested issue of the while entering the harbour
military use and logistic status of Jerusalem. in Vishakhapatnam.
support. Getting access
3
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

23.Krishna Kumari is poised Karnataka needs to February 2018. He also

to become the first woman supply only 177.25 tmc addressed the gathering at
from Pakistan’s tiny Cauvery water to Tamil this mosque. This is first-
minority Hindu community Nadu now. of-its-kind event in India
to be elected to country’s 26.The 2018 Winter associated with any
upper house (the Senate) Olympics (officially Iranian President. Makkah
after she was nominated known as the XXIII Masjid is located near the
by the Pakistan People’s Olympic Winter Games) historic Charminar in the
Party (PPP) for the were held at PyeongChang Muslim-majority old city of
upcoming Senate elections (South Korea) from 9 Hyderabad.
to be held in March 2018. February to 25 29.South African
24.According to an analysis February 2018. The president Jacob
by the Association for opening and closing Zuma resigned from
Democratic Reforms (ADR) ceremonies were held at office, bringing an end to a
the richest Chief Minister is PyeongChang Olympic long-running fight for
Telugu Desam Party leader Stadium. Next Winter political survival he lost
and AP Chief Minister N. Olympics of 2022 will be control of after standing
Chandra Babu Naidu held at Beijing (China). down as leader of the
who has declared 27.Indian banking sector was ruling African National
assets worth Rs. 177 rocked as country’s second Congress (ANC)
Crore, while the largest public-sector bank 30.Cyril Ramaphosa was
“poorest”, Chief Minister, Punjab National Bank elected South Africa’s
CPI (M) leader and (PNB) on 14 February President by the ruling
Tripura CM Manik 2018 disclosed that it has party legislators after the
Sarkar, had total assets detected fraudulent resignation of Jacob Zuma
worth Rs. 26 lakh. transactions amounting to whose scandals brought
25.A Special Bench of the more than $1.77 billion the storied African National
Supreme Court, led by (Rs. 11,500 crore) Congress (AWC) to its
Chief Justice Dipak Misra, involving billionaire jeweler weakest point since taking
in its order of 16 February Nirav Modi, his wife, power at the end of
2018 reduced 14.75 tmc brother and partners. apartheid. Mr.
(one thousand million 28. Iran’s President Hassan Ramaphosa is South
cubic feet) from the 192 Rouhani, who was on a African’s fifth President
tmc Cauvery water state visit of India, offered since the end of the
supplied by Karnataka prayers at the historic apartheid system in 1994.
from its Billigundlu site to Makkah Masjid in
Mettur dam in Tamil Nadu. Hyderabad on 16
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SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

31.Khadga Prasad Sharma (Corruption Perception Indian woman to fly a

Oli from the Communist Index 2017) slid to 81 fighter aircraft solo as
Party of Nepal (Unified among a group of 180 she flew a 30-minute solo
Marxist-Leninist) has been countries. The 2017 sortie in a MiG-21 at the
sworn in as the 41st prime index was released by Jamnagar airbase.
minister of Nepal, formally Berlin-based non- 42.Canadian PM Justin
concluding the long- government organisation Trudeau came to India on
delayed democratic Transparency International a seven-day visit. He
transition. (TI) on 22 February. visited Gujarat, where he
32.Sanjiv Bajaj, managing 37.The Shanghai paid homage at Mahatma
director of Bajaj Finserve Cooperation Gandhiji’s Sabarmati
has been named the Ernst Organization Summit Ashram and later visited
& Young Entrepreneur (SCO) 2018 will be held in Akshardham temple. He
of the year 2017. coastal city of Qingdao in also visited Taj Mahal and
33.Roger Federer became East China's Shandong the Golden Temple in
the oldest World No.1 province in June 2018 Amritsar.
at the age of 36. 38.Nuclear-capable 43.Former chief election
34.PepsiCo Chairman and surface-to-surface commissioner N.
CEO Indra Nooyi has Dhanush ballistic Gopalaswami will head
been appointed to the missile was successfully the Empowered Expert
International Cricket test-fired from naval ship Committee constituted
Council (ICC) Board as off Odisha near Paradip in for selecting 20 institutes
the governing body’s the Bay of Bengal. of higher education that
first independent 39.Chief Minister Mamata will be developed into
female director. Nooyi Banerjee has announced ‘World Class Institutes’.
will join the Board in June the decision to opt out of 44.The United Nations
2018 to align with the Centre’s ‘Modicare’ Under-Secretary
term of the ICC scheme, saying the Bengal General and head of UN
Independent Chairman. government had already Environment, Erik
35.Crime drama, “Three enrolled 50 lakh people Solheim on 19 February
Billboards Outside under its own Swasthya 2018 announced that India
Ebbing, Missouri’ Sathi programme. will be the host for the
captured five British 40.Petra Kvitova beat World Environment Day
Bafta awards including Garbine Muguruza to win 2018, that will be
best film. the Qatar Open. observed on 5 June
36.India’s ranking in the 41.Avani Chaturvedi 2018.
annual corruption index became the first-ever
5
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

45. For the very first time, the Gymnastics World Cup Saurashtra by 41 runs on
Indian government opened in Melbourne 27 February 2018.
commercial coal mining 53. The 21st National
for Indian and foreign 50. Rustom-2 belongs to a Conference on e-
companies in the private family of India’s Governance was held in
sectors. Coal mining was Unmanned Aerial Vehicle Hyderabad, capital city of
nationalized in 1973. UAVs) under development, Telangana. This year the
46. The Reserve Bank of besides Rustom-1 and theme for it was
Baroda (RBI) has set up a Rustom-H. It is a Technology for
committee under former Medium Altitude Long accelerating
board member Y.H. Endurance drone Development’.
Malegam to look into the (MALE). It can fly up to 54. Tensions between
reasons and suggest an altitude of 22,000 feet the Maldives and India hit
steps to prevent frauds and has an endurance of a high point which was
in banks. over 20 hours. It is evidenced by the fact that
47. Kamal Haasan launched capable of carrying the island nation has
his political party “Makkal payloads for electronic and declined New Delhi's
Nedhi Maiam” amidst a signal intelligence invitation to participate in
huge cheering crowd in missions.– Rustom-2 was the biennial naval
Madurai. He also unveiled successfully test-flown by exercise Milan.
his party’s flag featuring the Defence Research and 55. India celebrated National
six united hands – three Development Organisation Science Day on February
each in white and red – (DRDO) at its Aeronautical 28 to mark Dr. C.V.
with a white star in the Test Range at Chitradurga Raman’s discovery of the
middle. in Karnataka on 25 scattering of light, also
48. Veteran Bollywood actress February 2018. known as the “Raman
Sridevi passed away in effect.” This year the
51. With 14 gold medals, 14
Dubai on 24 th
February theme for the day was
silver medals and 11
after accidental drowning “Science and Technology
bronze medals, Norway
in the bath tub. for a sustainable future.
topped the medals tally
49. 22-year Aruna Budda
of 2018 Winter
Reddy created history by Refer Next
Olympics.
becoming the first Indian Page for
52. Karnataka won the
gymnast to clinch an Current Affairs
Vijay Hazare Trophy for
individual medal at the Quiz
2018 by defeating

6
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

6. World Wetlands Day was wickets in Women’s

observed on February 2nd. cricket?

Check Your
This day was observed 13.Which event held once in
CURRENT AFFAIRS
commemorating which 12 years was inaugurated
Quotient
treaty signed in 1973? by President Ram Nath

7. Which two cities will be Kovind in February?

1. On 1st February 2018, linked by India’s first ever 14.Who has been appointed
where did the 7th India defence industrial corridor? as the International Cricket
Energy Congress organized 8. Name the captain of the Council Board’s first ever
by the World Energy India U-19 team which independent female
Council India begin? won the U-19 World Cup in director?
2. In which state capital has New Zealand 15.Where did the 2018 Winter
the Universal Peace 9. NicosAnastasiades has Olympic Games take place
Retreat Centre been been appointed the head last month?
launched in early of state of which island 16.By defeating Saurashtra,
February? country? which team emerged as
3. Which state government 10.The ‘Pelican Bird Festival’ the winners of the 2018
has banned the sale of the was held at which bird Vijay Hazare Trophy?
chemical ‘endosulfan’? sanctuary in early 17.Name the political outfit
4. Which country has become February? launched by Kamal Hassan
the first ever low-income 11.Which International Airport in Madurai, Tamil Nadu
country to provide eye has retained the title of 18.With 14 gold medals,
care for all? the World’s busiest which country topped the
5. Which organisation airport? medal tally of the 2018
celebrated its 41st 12.Which cricketer became Winter Olympic Games?
foundation day on the 1st the first to take 200 ODI 19.The Under-Secretary
of February 2018? General of the United

7
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

nations has announced India has been ranked at 31.Who beat Garbine

which country as the host which position? Muguruza to clinch the

for the World Environment 26.PM Narendra Modi Qatar Open?

Day 2018? inaugurated the first 32.In which capital city was

20.Who became the first ever edition of the Khelo India the 21st National

woman to fly a fighter School Games 2018 in Conference on e-

aircraft solo? which city? Governance held?

21.Name the head of state 27.Justice AbhilashaKumari 33.Who was elected as the

who visited the Taj Mahal, has been appointed as the President of South Africa

Agra and Golden Temple, first ever woman Chief as the resignation of Jacob

Amritsar in February 2018 Justice of which high Zuma?

22.What was India’s rank in court? 34.Which scheme will be

the Transparency 28.Which Asian country was launched this year as per

International’s Corruption under a period of Budget 2018 to improve

Perception Index list? emergency for 15 days in the Health Sector of the

23.Roger Federer became the February 2018? country?

oldest player to be ranked 29.As per an analysis by the 35.What is the salary of

World #1 in Tennis. He Association of Democratic President as per Union

hails from which country? Reforms, who is the Budget 2018?

24.What is the name of the richest chief minister in Correct Rating

Answers
books written by Narendra India? 28 and above Excellent
22 to 27 Good
Modi for students all over 30.Which leader on a state 15 to 21 Average
14 and below Needs improvement
India released in February visit to India has offered
Refer NEXT PAGE for ANSWERS
2018? his prayers at the Makkah

25.Compiled by the Economist Masjid in Hyderabad?

Intelligence Unit, in the

EIU Democracy Index

8
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

Q.No Answer 21 Justin Trudeau (Canada)

1 New Delhi 22 81st
2 Amaravati, Andhra Pradesh 23 Switzerland
3 Punjab 24 Exam Warriors
4 Rwanda 25 42nd
5 Indian Coast Guard 26 New Delhi
6 Ramsar Treaty 27 Manipur High Court
7 Chennai and Bengaluru 28 Maldives
8 Prithvi Shaw 29 N Chandrababu Naidu
9 Cyprus 30 Hassan Rouhani (IRAN)
10 Atapaka Bird Sanctuary 31 Petra Kvitova
11 Dubai International Airport 32 Hyderabad, Telangana
12 JhulanGoswami 33 Cyril Ramaphosa
13 Mahamastakabhishekha Mahotsav at 34 National Health Protection Scheme
Shravanabelagola
14 Indra Nooyi 35 Rs. 5 Lakh
15 Pyeongchang, South Korea
16 Karnataka
17 ‘MakkalNeedhiMaiyam’
18 Norway
19 India
20 Avani Chaturvedi

REFER NEXT PAGE for

Budget 2018
Major Highlights:

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SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

for Fisheries and Animal • Ten prominent sites to be

Budget 2018 Husbandary sectors, Re- developed as Iconic tourist
Major Highlights structured National destinations.
Bamboo Mission gets • NITI Aayog to initiate a
• Budget guided by mission
Rs 1290 crore. national programme on
to strengthen
• Loans to Women Self Help Artificial Intelligence (AI)
agriculture, rural
Groups will increase to and centres of excellence
development, health,
Rs.75,000 crore in will be set up on robotics,
education,
2019 from 42,500 crore AI, Internet of things etc.
employment, MSME
last year. • Disinvestment crossed
and infrastructure
• Outlay on health, target of Rs 72,500 crore
sectors
education and social to reach Rs 1,00,000
• Government says, a series
protection will be 1.38 crore.
of structural reforms will
lakh crore. Tribal students • Comprehensive Gold Policy
propel India among the
to get Ekalavya on the anvil to develop
fastest growing economies
Residential School in yellow metal as an asset
of the world. The nation is
each tribal block by class.
firmly on course to achieve
2022. • 100% deduction proposed
over 8 % growth as
• World's largest Health to companies registered as
manufacturing,
Protection Scheme Farmer Producer
services and exports
covering over 10 crore Companies with an annual
back on good growth
poor and vulnerable turnover upto Rs 100 crore
path.
families launched with on profit derived from
• MSP for all unannounced
a family limit upto 5 such activities, for five
kharif crops will be one
lakh rupees for years from 2018-19.
and half times of their
secondary and tertiary • Deduction of 30% on
production cost like
treatment. emoluments paid to new
majority of rabi crops.
• Fiscal Deficit pegged at employees Under Section
• “Operation Green”
3.5%, projected at 3.3% 80-JJAA to be relaxed to
launched to address price
for 2018-19. 150 days for footwear and
fluctuations in potato,
• Rs 5.97 lakh crore leather industry, to create
tomato and onion for
allocation for more employment.
benefit of farmers and
infrastructure. • Proposal to extend
consumers.
reduced rate of 25%
• Two New Funds of Rs
currently available for
10,000 crore announced
10
SRIRAM LAW TIMES - A MONTHLY NEWSLETTER February 2018

companies with turnover expenditure from Rs at the rate of 10%,

of less than 50 crore (in 30,000 to Rs 50,000 under without allowing any
Financial Year 2015-16), to section 80D. indexation benefit.
companies reporting • Increase in deduction limit However, all gains up to
turnover up to Rs. 250 for medical expenditure for 31st January, 2018 will be
crore in Financial Year certain critical illness from grandfathered.
2016-17, to benefit micro, Rs 60,000 (in case of • Proposal to introduce tax
small and medium senior citizens) and from on distributed income by
enterprises. Rs 80,000 (in case of very equity oriented mutual
• Standard Deduction of Rs senior citizens) to Rs 1 funds at the rate of 10%.
40,000 in place of present lakh for all senior citizens, • Proposal to increase cess
exemption for transport under section 80DDB. on personal income tax
allowance and • Proposed to extend and corporation tax to 4%
reimbursement of Pradhan Mantri Vaya from present 3%.
miscellaneous medical Vandana Yojana up to • Proposal to roll out E-
expenses. 2.5 crore March, 2020. assessment across the
salaried employees and • Current investment limit country to almost
pensioners to benefit. proposed to be increased eliminate person to person
to Rs 15 lakh from the contact leading to greater
Relief to Senior Citizens
existing limit of Rs 7.5 lakh efficiency and
proposed:
per senior citizen. transparency in direct tax
• Exemption of interest
Tax Highlights: collection.
income on deposits with
• More concessions for • Proposed changes in
banks and post offices to
International Financial customs duty to promote
be increased from Rs
Services Centre (IFSC), to creation of more jobs in
10,000 to Rs 50,000.
promote trade in stock the country and also to
• TDS not required to be
exchanges located in IFSC. incentivise domestic value
deducted under section
• To control cash economy, addition and 'Make in
194A. Benefit also
payments exceeding Rs India' in sectors such as
available for interest from
10,000 in cash made by food processing,
all fixed deposit schemes
trusts and institutions to electronics, auto
and recurring deposit
be disallowed and would components, footwear and
schemes.
be subject to tax. furniture.
• Hike in deduction limit for
• Tax on Long Term Capital
health insurance premium
Gains exceeding Rs 1 lakh
and/or medical
11