Supreme Court refers pleas related to%C2%A0mitigation of death penalty to 5-judge bench (SEP 19, 2022)
The Supreme Court on Monday referred to a five-judge Constitution bench a suo motu plea on framing of guidelines on how and when potential mitigating circumstances be considered by courts during trial in cases which entail the death penalty as the maximum punishment.
A bench headed by Chief Justice Uday Umesh Lalit said it was of the opinion that this matter required a hearing by a larger bench to have clarity and uniform approach as to when an accused, facing death penalty as maximum sentence, is required to be heard with regard to mitigating circumstances.
KERALA HIGH COURT
Broadcasters approach Kerala High Court against CCI probe (SEP 19, 2022)
The CCI probe was earlier ordered on the basis of an information filed by Asianet Digital Network (P) Ltd. (ADNPL) - a Multi System Operators (MSO) engaged in the business of providing digital TV services, predominantly in Kerala.
The main thrust of the allegations was that by offering additional discounts to select MSOs and the main competitor of ADNPL in Kerala viz. Kerala Communicators Cable Ltd (KCCL), Star India Pvt Ltd (SIPL) has placed the MSOs like ADNPL at a huge disadvantage which was detrimental to competitors, resulting in distortion of the level playing field in the market place besides hindering the ability of the players to compete in an effective manner.
Accordingly, this Circular shall be applicable to all UCBs under Tier 3 and Tier 4 categories except UCBs under All Inclusive Directions (AID).
UCBs under Tier 1 and Tier 2 categories shall continue to be governed under the existing guidelines. The UCBs under Tier 4 category shall put in place a Board-approved policy and a Compliance Function, including the appointment of a Chief Compliance Officer (CCO), based on the Framework given in the Annex, latest by April 1, 2023. The UCBs under Tier 3 category shall implement the same latest by October 1, 2023.
This Circular shall be placed in the immediate next meeting of the Board of Directors for information and devising an implementation strategy, under the Board’s supervision, in a time-bound manner.
ECONOMY
RBI likely to hike repo rate by 50 bps in its next policy meet: Morgan Stanley (SEP 19, 2022)
In line with the global trend of monetary policy tightening to cool off inflation, the RBI has so far hiked the key repo rates by 140 basis points in three tranches to 5.40 per cent – which is above the pre-pandemic level of 5.15 per cent. The RBI also decided to remain focused on the “withdrawal of accommodation” stance to ensure that inflation remains within the target going forward while supporting growth.
For the record, India’s retail inflation rose to 7 per cent in August from 6.71 per cent the previous month due to a sharp rise in food prices.
NEWS AT GLANCE
- A Constitution Bench of Supreme Court rules, judgment delivered by a larger bench to prevail irrespective of number of judges in majority.
- Centre to bring new National Tourism Policy before Budget Session of Parliament; To also launch Ambedkar Tourist Circuit soon.
- India emerges as Sri Lanka’s largest bilateral lender overtaking China.
WORD OF THE DAY
Nemo Contra Factum Suum Venire Potest is a Latin maxim which means ‘no one can go against his own act’. When an act has once been performed, which is binding on the actor, s/he cannot at will depart from that act or do anything contrary to it.
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