19th July, 2021 Current Affairs

July nineteenth current affairs

National
SC to implement system for Safe Digital Transmission of Bail Orders

• Supreme Court of India announced onJuly 16, 2021, to implement a system forsafe digital transmission of its bail orders to jails across India.
• With the implementation of ‘safe digital transmission of bail order’ scheme, authorities will not be required to wait for authentic orders to release prisoners.
• Bench headed by Chief Justice N V Ramana has directed Secretary-General of Supreme Court to submit proposal on safe digital transmission of its bail orders scheme.
• Bench directed to implement scheme within a month.
• It also requested states to provide information on availability of internet connection in jails across India because, digital transmission scheme would require an internet connection.
• Senior Advocate Dushyant Dave has been appointed as amicus curiae to aid implementation of scheme.

SEBI introduces ‘Expected loss-based’ rating scale

• Security Exchange Board of India (SEBI) has introduced a new framework for“expected loss-based rating scale”.
• Under the new framework, credit rating agencies are required to provide expected loss-based ratings for projects and instruments which are associated with infrastructure sector.
• SEBI introduced expected loss-based rating, divided into a scale of seven levels, from lowest to highest expected loss.
• This new scale will be used by credit rating agencies to rate projects or instruments associated with infrastructure sector to start with.
• All provisions in latest circular, except those related to standardisation of rating scales, will be applicable for Credit Rating Agencies (CRAs) with ‘immediate effect’.
• Circular was issued by exercising powers under Section 11 (1) ofSecurities and Exchange Board of India Act, 1992.

Successful trial of train between Jaynagar in India and Kurtha in Nepal undertaken

• On July 18, 2021, successful trial of movement of train was undertaken betweenJaynagar in India and Kurtha in Nepal.
• The length of the rail section is 34.50 and this is the first section of the rail line links between the two countries which connects Kurtha in the Mahottari district of Nepal to Jaynagar in the Madhubani district of Bihar.
• The total cost for this rail section is 619 crores.
• IRCON has set up the The Jayanagar – Kurtha Railway under the India – Nepal friendship rail project which was financed by the Indian government.

Published date : 19 Jul 2021 06:35PM