The Aam Aadmi Party-led Delhi government declared 50% subsidy on the power tariff to benefit approximately 28 lakh households, after announcing 667 litres of water free of charge to all households in the capital who have metered connections.
50 % subsidy would be provided to domestic electricity consumers, who consume up to 400 units per unit. The decision will benefit 28 lakh consumers.
The subsidy will be available from Jan 1.
For up to 200 units, the cost of one unit would be Rs.1.95 against the actual rate of Rs.2.90. Right now, consumers are paying Rs.2.70 after the previous government introduced a subsidy.
For up to 400 units, the cost per unit would be Rs.2.90 against the actual rate of Rs.5.80. Presently; consumers are paying Rs.5 after the previous government introduced subsidy.
No subsidy will be available to domestic consumers who cross the consumption limit of 400 units.
Additional requirement to provide this subsidy from January-March 2014 will be Rs.2 billion
Note: Delhi Chief Minister, Mr. Arvind Kejriwal is also in process to bring the three power distribution companies – BSES Yamuna Power Ltd, BSES Rajdhani Power Ltd and Tata Power Delhi Distribution Ltd – under the purview of the Comptroller and Auditor General.
Finance Minister called financial sector regulators to implement FSLRC proposals
January 3, 2014
The Union finance minister, P Chidambaram stated the regulators must implement proposals of the Finance Sector Legislative Reforms Commission (FSLRC).
The FSLRC report contains 12 key proposals and these do not require legislative changes. It also included a draft Indian Financial Code that is expected to replace the current financial sector legislations but is unlikely to be tabled in Parliament soon.
About FSLRC report
The financial sector regulators will take serious action with high penalties on violators and time bound investigations that would act as deterrents and improve consumer protection.
The proposals that called for penalties discourage the future violations as a multiple of the illegitimate gain of violations.
Regulators should also put in place internal manuals on conducting investigations. The investigating officer would be kept different from the officer who would decide the penalty for the crime.
Note: The Financial Stability and Development Council on October 2013 decided to finalize an action plan for implementation of all FSLRC principles on regulatory governance, transparency and improved operational efficiency that do not require legislative action.
Pakistan appoints a female judge to Sharia Court for the first time
January 3, 2014
Ms Ashraf Jehan (56) appointed as the first female judge of Shariah Court (Pakistan), which hears cases under the Islamic legislation. Ms Jehan was earlier serving as an additional judge at the high court in Sindh.
Note: The Shariah Court was established in 1980 during the rule of military dictator Ziaul Haq as part of his policy towards Islamisation of Pakistan’s institutions. It examines the country’s laws to check them for conformity with Islamic injunctions and hears appeals under religious legislation known as the “Hudood Laws”, which run parallel to the penal code.
The Union Minister of State for Human Resource Development, Dr. Shashi Tharoor named as the Person of the Year by the animal rights body PETA (People for the Ethical Treatment of Animals) – India for taking steps to advance animal protection. Mr. Tharoor recommended the National Council for Teacher Education (NCERT) to ban the use of animals, viz. for dissection, etc, in training teachers.
By his initiative, in 2012, the Ministry of Environment and Forests issued a directive instructing all the institutes or establishments associated with teaching of medical, pharmacy and other courses in life sciences to follow UGC guidelines for discontinuation of dissection and animal experimentation in universities and colleges and introduce use of alternatives to animal experimentation.