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Oxirgi xabar 97

2021-12-21 03:02:32 GS-3, Economy

What are Panama papers?

The Panama papers are files that are related to the documents and other details about illegal activities of wealthy off-shore account holders were leaked.

They were leaked from one of the world's most secretive companies, a Panamanian law firm called Mossack Fonseca.

The files show how Mossack Fonseca clients were able to launder money, dodge sanctions and avoid tax.

In one case, the company offered an American millionaire fake ownership records to hide money from the authorities.

This is in direct breach of international regulations designed to stop money laundering and tax evasion. It is the biggest leak in history, dwarfing the data released by the Wikileaks organisation in 2010.

There are links to 12 current or former heads of state and government in the data, including dictators accused of looting their own countries. More than 60 relatives and associates of heads of state and other politicians are also implicated.

How it is related to India?

A petition was filed by Supreme Court advocate Manohar Lal Sharma seeking an apex court-monitored probe against the Indian offshore account holders and stock market regulators.

A bench led by Justice Dipak Misra was asked to direct the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act
263 views00:02
Ochish/sharhlash
2021-12-21 03:02:32 Securities and Exchange Board of India (SEBI)

GS Paper - 3

Statutory Bodies

Quasi Judicial Bodies

Capital Market

About

SEBI is a statutory body established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

The basic functions of the Securities and Exchange Board of India is to protect the interests of investors in securities and to promote and regulate the securities market.

Background

Before SEBI came into existence, Controller of Capital Issues was the regulatory authority; it derived authority from the Capital Issues (Control) Act, 1947.

In April, 1988 the SEBI was constituted as the regulator of capital markets in India under a resolution of the Government of India.

Initially SEBI was a non statutory body without any statutory power.

It became autonomous and given statutory powers by SEBI Act 1992.

The headquarters of SEBI is situated in Mumbai. The regional offices of SEBI are located in Ahmedabad, Kolkata, Chennai and Delhi.

Structure

SEBI Board consists of a Chairman and several other whole time and part time members.

SEBI also appoints various committees, whenever required to look into the pressing issues of that time.

Further, a Securities Appellate Tribunal (SAT) has been constituted to protect the interest of entities that feel aggrieved by SEBI’s decision.

SAT consists of a Presiding Officer and two other Members.

It has the same powers as vested in a civil court. Further, if any person feels aggrieved by SAT’s decision or order can appeal to the Supreme Court.

Powers and Functions of SEBI

SEBI is a quasi-legislative and quasi-judicial bodywhich can draft regulations, conduct inquiries, pass rulings and impose penalties.

It functions to fulfill the requirements of three categories –

Issuers – By providing a marketplace in which the issuers can increase their finance.

Investors – By ensuring safety and supply of precise and accurate information.

Intermediaries – By enabling a competitive professional market for intermediaries.

SEBI Chairman has the authority to order "search and seizure operations". SEBI board can also seek information, such as telephone call data records, from any persons or entities in respect to any securities transaction being investigated by it.

It also works for promoting and regulating self-regulatory organizations and prohibiting fraudulent and unfair trade practices relating to securities markets.
283 views00:02
Ochish/sharhlash
2021-12-21 03:02:32 Governance

Delimitation

GS Paper - 2

Indian Constitution

Elections

Statutory Bodies

What is Delimitation?

Delimitation literally means the act or process of fixing limits or boundaries of territorial constituencies in a country to represent changes in population.

Why Delimitation?

To provide equal representation to equal segments of a population.

Fair division of geographical areas so that one political party doesn’t have an advantage over others in an election.

To follow the principle of “One Vote One Value”.

How delimitation is carried out?

Under Article 82, the Parliament enacts a Delimitation Act after every Census.

Under Article 170, States also get divided into territorial constituencies as per Delimitation Act after every Census.

Once the Act is in force, the Union governmentsets up a Delimitation Commission.

The first delimitation exercise was carried out by the President (with the help of the Election Commission) in 1950-51.

The Delimitation Commission Act was enacted in 1952.

Delimitation Commissions have been set up four times — 1952, 1963, 1973 and 2002 under the Acts of 1952, 1962, 1972 and 2002.

Delimitation Commission

The Delimitation Commission is appointed by the President of India and works in collaboration with the Election Commission of India.

Composition: 

Retired Supreme Court judge

Chief Election Commissioner

Respective State Election Commissioners

Functions:

To determine the number and boundaries of constituencies to make population of all constituencies nearly equal.

To identify seats reserved for Scheduled Castes and Scheduled Tribes, wherever their population is relatively large.

In case of difference of opinion among members of the Commission, the opinion of the majority prevails.

The Delimitation Commission in India is a high power body whose orders have the force of law and cannot be called in question before any court.
397 views00:02
Ochish/sharhlash
2021-12-21 03:02:32 UPSC PYQ - 2014

Turkey is located between

A) Black sea and Caspian Sea
B) Black sea and Mediterranean Sea
C) Gulf of Suez and Mediterranean sea
D) Gulf of Aqaba and Dead sea


Answer :-

Answer is B. Turkey's smaller part is in Southeastern Europe and its larger part in Western Asia which is located between Black sea and Mediterranean sea.
417 views00:02
Ochish/sharhlash
2021-12-20 05:34:45
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The Hindu Analysis video ka link
6.3K views02:34
Ochish/sharhlash
2021-12-20 03:53:13
Justice RV Raveendran Committee
65 views00:53
Ochish/sharhlash
2021-12-20 03:53:13 Governance

Pegasus Case

GS Paper - 2

Cyber Security

Judgements & Cases

Why in News

Recently, the Supreme Court (SC) has appointed an expert committee [to be overseen by a retired apex court judge (Justice Raveendran Committee)] in the Pegasus case.

Under the case, the Union Government is alleged to have used spyware for surveillance on private citizens.

Supreme Court Judgment:

Judicial Principle Against Bias:

The court rejected the government’s plea to set up its own probe.

Formation of Expert Committee:

On account of the government's inaction to file a detailed response to the allegations made by the petitioners, the Court has constituted a panel of experts under former SC judge Justice R V Raveendran

Terms of Recommendation:

The court has also asked the Raveendran committee to make recommendations on a legal and policy framework to protect citizens against surveillance and enhance cyber security of the country.

Issues Addressed by the SC:

Right to Privacy:

The court reiterated that right to privacy is as sacrosanct as human existence and is inalienable to human dignity and autonomy.

The Right to Privacy was held as a part of fundamental rights by the Supreme Court in K S Puttaswamy case, 2017.

Any surveillance or snooping done on an individual by the state or any outside agency is an infringement of that person’s right to privacy.

Surveillance on Free Speech:

The Court has drawn a link between surveillance and self-censorship.

The knowledge that one is under the threat of being spied on leads to self-censorship and potential chilling effect.

The chilling effect surveillance can produce is an assault on the vital public-watchdog role of the press, which may undermine the ability of the press to provide accurate and reliable information (Free Speech).

It further held that, an important and necessary corollary of such a right is to ensure the protection of sources of information
63 views00:53
Ochish/sharhlash
2021-12-20 03:53:13 Pegasus Spyware

GS Paper - 3

Cyber Security

Cyber Warfare

Challenges to Internal Security Through Communication Networks

GS Paper - 2

Government Policies & Interventions

Why in News

Recently, it has been reported that Pegasus, the malicious software, has allegedly been used to secretly monitor and spy on an extensive host of public figures in India.

Key Points

About Pegasus:

It is a type of malicious software or malware classified as a spyware.

It is designed to gain access to devices, without the knowledge of users, and gather personal information and relay it back to whoever it is that is using the software to spy.

Pegasus has been developed by the Israeli firm NSO Group that was set up in 2010.

The earliest version of Pegasus discovered, which was captured by researchers in 2016, infected phones through what is called spear-phishing – text messages or emails that trick a target into clicking on a malicious link.

Since then, however, NSO’s attack capabilities have become more advanced. Pegasus infections can be achieved through so-called “zero-click” attacks, which do not require any interaction from the phone’s owner in order to succeed.

Targets:

Human Rights activists, journalists and lawyers around the world have been targeted with phone malware sold to authoritarian governments by an Israeli surveillance firm.

Indian ministers, government officials and opposition leaders also figure in the list of people whose phones may have been compromised by the spyware.

In 2019, WhatsApp filed a lawsuit in the US court against Israel's NSO Group, alleging that the firm was incorporating cyber-attacks on the application by infecting mobile devices with malicious software.

Recent Steps Taken in India:

Cyber Surakshit Bharat Initiative: It was launched in 2018 with an aim to spread awareness about cybercrime and building capacity for safety measures for Chief Information Security Officers (CISOs) and frontline IT staff across all government departments.

National Cyber security Coordination Centre (NCCC): In 2017, the NCCC was developed to scan internet traffic and communication metadata (which are little snippets of information hidden inside each communication) coming into the country to detect real-time cyber threats.

Cyber Swachhta Kendra: In 2017, this platform was introduced for internet users to clean their computers and devices by wiping out viruses and malware.

Indian Cyber Crime Coordination Centre (I4C): I4C was recently inaugurated by the government.

National Cyber Crime Reporting Portal has also been launched pan India.

Computer Emergency Response Team - India (CERT-IN): It is the nodal agency which deals with cybersecurity threats like hacking and phishing.

Legislation:

Information Technology Act, 2000.

Personal Data Protection Bill, 2019.

Types of Cyber Attacks

Malware: It is short for malicious software, refers to any kind of software that is designed to cause damage to a single computer, server, or computer network. Ransomware, Spy ware, Worms, viruses, and Trojans are all varieties of malware.

Phishing: It is the method of trying to gather personal information using deceptive e-mails and websites.

Denial of Service attacks: A Denial-of-Service (DoS) attack is an attack meant to shut down a machine or network, making it inaccessible to its intended users.

DoS attacks accomplish this by flooding the target with traffic, or sending it information that triggers a crash.

Etc
47 views00:53
Ochish/sharhlash
2021-12-20 03:53:13 Pegasus spyware
6 views00:53
Ochish/sharhlash
2021-12-20 03:53:13
6 views00:53
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