New Delhi, Apr 27: Senior advocate Indu Malhotra was today administered the oath of office as a Supreme Court judge by Chief Justice of India Dipak Misra, making her the first woman lawyer to enter the top judiciary directly.
With Malhotra joining the bench, the strength of the Supreme Court is now 25, against the sanctioned strength of 31, including the CJI.
Malhotra was administered the oath of office and secrecy in a ceremony held at court number 1 in the apex court.
New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.
"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.
The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.
Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.
Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.
Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.
He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.
The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.
The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.
India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.
Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31.
New Delhi, Mar 9: The Delhi Police Special Cell on Monday arrested a PFI member Danish from UP''s Moradabad for allegedly spreading fake propaganda during anti- CAA protests.
"Danish was the head of the Counter Intelligence Wing of PFI and has been actively participating in the anti-CAA protest across the city," sources in the Delhi Police Special Cell said.
Sources further claimed that his arrest has given clues regarding the Information war by the Popular Front of India (PFI).
The FIR related to the protest was filed by the Crime Branch but since the larger conspiracy regarding the Delhi riots is being probed by the Cell, the matter has been transferred to them.
Delhi Police Special Cell had on Sunday arrested a Kashmiri couple from Okhla for alleged links with Islamic State (IS) Khorasan module.
The couple have been identified as Jahanjeb Sami (husband) and Hinda Bashir Beg (wife). The police have seized some objectionable material from them and were interrogating them.
When asked about the couple, the sources said, "Officers of CERT-In are analysing the Eight Mobile phones and Laptop of the couple to question them further."
The couple being an active member of ISJ&K was operating from the Valley but later shifted their base to Delhi post internet clampdown.
Rome, Mar 21: Italy on Friday reported a record 627 new deaths from the novel coronavirus, taking its overall toll past 4,000 as the pandemic gathered pace despite government efforts to halt its spread.
The total number of deaths was 4,032, with the number of infections reaching 47,021.
Italy's previous one-day record death toll was 475 on Wednesday.
The nation of 60 million now accounts for 36.6 percent of the world's coronavirus deaths.
Italy has seen more than 1,500 deaths from COVID-19 in the past three days alone.
Its current daily death rate is higher than that officially reported by China at the peak of its outbreak around Wuhan's Hubei province.
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