Thursday, August 31, 2017

August, 2017: Cabinet approves framework for merger of public sector banks

Cabinet approves framework for merger of public sector banks

The Union Cabinet gave its in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism (AM). The decision would facilitate consolidation among the Nationalised Banks to create strong and competitive banks.

Salient Features

The salient features of the approval Framework for Consolidation of Public Sector Banks are as follows:·

August, 2017: Supreme Court strikes down triple talaq

Supreme Court strikes down triple talaq

A five-judge constitutional bench by a 3:2 majority judgment said there is no constitutional protection for triple talaq as it is arbitrary and "whimsical" as it leaves no scope for conciliation and violates Muslim women's rights.

Justices Kurian Joseph, Rohinton Fali Nariman, and Uday Umesh Lalit held that triple talaq is not integral to Islam, is bad in law and lacks approval of the Shariat. Chief Justice J S Khehar and justice S Abdul Nazeer held triple talaq to be part of fundamental right to religion of Muslims and said it was not unconstitutional.

August, 2017: Supreme Court Declares Right To Privacy Is Fundamental Right Under Constitution

Supreme Court  Declares Right To Privacy Is Fundamental Right Under Constitution

The Supreme Court pronounced that individual privacy is a fundamental right protected by the Constitution. A nine-judge Constitution Bench of the Supreme Court ruled that right to privacy is “intrinsic to life and liberty” and is inherently protected under the various fundamental freedoms enshrined under Part III of the Indian Constitution.