As per RBI data, ICICI Bank topped the list of banks that witnessed most number of frauds during April to December period of 2016 with state-owned SBI taking the second spot.
During the first nine months of the current fiscal, as many as 455 fraud cases, involving 1 lakh rupees and above, were detected in ICICI Bank, closely followed by SBI with 429, Standard Chartered with 244 and HDFC Bank with 237.
However, in value terms, frauds involving 2,237 crore rupees were reported in SBI, followed by Punjab National Bank with 2,250 crore rupees and Axis Bank with 1,998 crore rupees.
The Indian Institute of Technology-Madras in the first week of March 2017 was selected for the 2017 IEEE Spectrum Technology in the Service of Society Award.
The Institute of Electrical and Electronics Engineers (IEEE) has chosen the IIT-M for the award for its solar-direct current (DC) inverter system.
The IEEE Spectrum Technology in the Service of Society Award is presented to a company or an institution voted by the IEEE Spectrum editors as having developed the technology that has the potential to benefit mankind.
The system was developed by Centre for Decentralised Power Systems at IIT-M using micro grid technology.
Its ability to tap rooftop solar power makes it the most energy efficient solution for homes and offices.
The system consists of a DC solar generation unit, DC power-line, DC appliances and a battery.
At present, the system is functional in more than 11,000 homes in Rajasthan and Assam.
It also has been installed in villages of 5 States, namely, Karnataka, Odisha, Tamil Nadu, Andhra Pradesh and Telangana.
As per the developers, the system can power a small home at lesser cost than a conventional solar power system.
The system will power a few fans, lights, a television, mobile charging, mixer grinder and computer that run on DC current.
India has suspended cross-LoC travel between India and Pakistan on the Poonch-Rawalakote road following heavy unprovoked mortar shelling and automatic weapon firing by the Pakistani troops at various places in the Poonch district.
The announcement was made by the Deputy Commissioner of Poonch district, Mohammad Harun Malik. Though there have been no casualties on the Indian side, some damage has been caused to a two storey administrative block at the Trade Felicitation Centre in the district’s Chakkan Da Bagh area.
The 82 mm mortar shelling was initiated by the Pakistani troops on 12 March 2017 in Krishnagati sector along LoC in Poonch district. The travel on cross-border Poonch-Rawlakote bus service was suspended as a precaution after the shelling.
The shelling was resumed after a brief cease-fire, targeting Indian posts and civilian areas near the Line of Control.
According to an army spokesperson, Indian forces befittingly responded to the shelling.
The damaged administrative block houses the offices of Custodian cross-LoC trade, excise department and security officials among others. Apart from causing damage to its walls, the shelling blew off its tin sheet roof and left holes in the equipment and infrastructure installed inside it.
Speaking on the damage caused, the Custodian of cross LoC trade Tanveer Ahmed said that they are still assessing the damage and will take some time to restore the block and its infrastructure. He further added that the trade would be initiated depending upon the situation as other TFC offices were intact.
In another precautionary measure, Jammu & Kashmir’s education department has postponed the 6th and 7th class exams in the areas affected by the unprovoked firing in Poonch.
President Pranab Mukherjee on 10 March 2017 appointed Chief Justices for High Courts in Kerala, Chhattisgarh, Madhya Pradesh and Jharkhand.
Hemant Gupta was appointed as the Chief Justice of Madhya Pradesh High Court. Before this appointment, he was serving as the Acting Chief Justice of Patna High Court . Acting Chief Justice of Jharkhand High Court P K Mohanty was appointed as the Chief Justice of Jharkhand itself.
Justice Navniti Prasad, a judge in Patna High Court, was appointed as the Chief Justice of Kerala High Court. Justice T B Radhakrishnan, Acting Chief Justice of Kerala High Court, was named as the Chief Justice of Chhattisgarh High Court.
The Supreme Court collegium headed by Chief Justice J S Khehar recommended nine names to the government for taking over as regular High Court Chief Justices. This was a much-anticipated move to appoint regular chief justices for High Courts instead of having acting chief justices for months.
Around 201 proposals by the Supreme Court collegium for appointment of judges in the high courts are at various stages of processing.
As on 1 March 2017, the 24 high courts were working with 642 judges, while the approved strength is 1079, a shortfall of 437.
Radha Mohan Singh, Union Agriculture and Farmer's Welfare Minister, on 11 March 2017 laid the foundation stone of the Banana Research Centre at Gorole, Vaishali, Bihar.
The Banana Research Centre is established to fulfil the aspirations of the banana growers of Vaishali.
Highlights The Banana Research Centre, Vaishali falls under Garole area.Garole has been selected for the establishment of the centre due to its ecological conditions.
The centre will work in the areas of finding reasons of less production in banana, enhancement in acreage for cultivation, suitable utilization of the various parts of the plants, different products, marketing and value addition. It is expected that the cooperation of the researchers of the centre along with the participation of farmers would help to bring a new era of banana cultivation in Bihar and surrounding states.
Banana production in India : The total production of banana in India is around 14.2 million tons.India holds number one position in the world in the area of banana production.
The country stands at number three in acreages which is 13% of the entire acreage and 33% of the total production.
Among the states in India, Maharashtra is the largest producer followed by Tamil Nadu. Productivity of Maharashtra is 65.7 tonnes/hectare, which is more than the average national production of 34.1 tonnes/hectare. In Bihar, Banana is grown in around 27.2 thousand hectare, production is around 550 thousand tons and average productivity is 20.0 tonnes/hectare, which is very less than the national average.
Telangana State Finance Minister Etela Rajender on 13 March 2017 presented the annual Budget for the FY 2017-18 in the legislative assembly.
Presenting his fourth Budget, Rajender announced that the State would achieve a Gross State Domestic Product (GSDP) growth of over 10.1 per cent between April 2016 and March 2017.
Highlights of Telangana State Budget 2017-18 : The total size of the budget was pegged at Rs 1,49,446 crore. Compared to the 2016-17 Budget, which was pegged at Rs 1,30,415 crore, it is more than over 19 crore rupees.
The demonetization initiative of the Union Government has adversely affected the revenue collections under stamps and registration and to a lesser extent the revenue from the value added tax in the current year.
A provision of Rs 50,954.61 crore is proposed in 2017-18 towards the committed expenditure under revenue heads.
In addition, an amount of Rs 4,659.48 crore for loan repayments and an amount of Rs 5,544.85 crore towards loans and advances and Rs 448.26 crore has been proposed under the capital heads.Thus, the total amount proposed in 2017-18 towards committed expenditure is Rs.61,607.20 crore.
Three installments of farm loan waiver have already been deposited into the bank accounts of farmers and the last installment will be released in 2017-18, for which a provision of Rs 4,000 crore has been proposed.
It is proposed to procure and distribute 84 lakh sheep to 4 lakh Yadava families in the State over the next two years. It has been proposed to develop a textile park in Warangal and an apparel park in Sircilla.
An amount of Rs 1,200 crore has been proposed towards assistance to weavers in the 2017-18 Budget.Rs 1,000 crore allocated for Most Backward Classes Commission.
On the admission of pregnant women in a government hospital, the government has decided to extend an assistance of Rs 4,000. At the time of discharge from the hospital, further assistance of Rs.4000 will be provided.
The Court of Arbitration for Sport (CAS) on 13 March 2017 upheld a lifetime ban levied against Sergei Portugalov for his role in providing illicit substances to Russian athletes.
Portugalov is former Chief of the Russian Athletics Federation's Medical Commission.
The CAS upheld the ban as part of an arbitration involving the International Association of Athletics Federation (IAAF) and the Russian Athletics Federation.
In a statement, the CAS stated that there is a "clear evidence" that Portugalov violated IAAF doping rules governing possession and trafficking of prohibited substances.
In a 2015 report, the World Anti-Doping Agency (WADA) has stated that Portugalov supplied performance enhancing drugs to athletes and coaches, administered doping programmes and "even injected athletes himself".
Court of Arbitration for Sport : The Court of Arbitration for Sport is an international quasi-judicial body.It was established to settle disputes related to sport through arbitration.
Its headquarters are in Lausanne, Switzerland. Its courts are located in New York City, Sydney and Lausanne.
The CAS was originally conceived by International Olympic Committee president Juan Antonio Samaranch to deal with disputes arising during the Olympics. In 1984, the body was established as a part of the International Olympic Committee in 1984.
In its biggest show of naval force since World War II, Japan is planning to send its largest warship, JS Izumo on a 3-month tour through the South China Sea, starting from May 2017.
The main aim is to test the capability of the warship by sending it out on an extended mission.
Highlights : The warship, which was commissioned two years ago, is an Izumo helicopter carrier.
It will be stopping over in Singapore, Philippines, Indonesia and Sri Lanka before joining the Indian and US naval vessels for a joint naval exercise in the Indian Ocean in July 2017.
The carrier will return to Japan by August 2017.
According to sources, Japan is looking to invite Philippine President Rodrigo Duterte to visit the carrier when it reaches the Subic Bay, about 100 km west of Manila, the capital of Philippines.
The water of the South China Sea is disputed with China, Taiwan, Malaysia, Vietnam, the Philippines and Brunei all claiming parts of it. While China claims almost all of the disputed water, the other countries claim parts that have rich fishing grounds, oil and gas deposits and through which around $5 trillion of global sea-borne trade passes each year.
Though Japan does not have any claim to the waters of the South China Sea, it does have a separate maritime dispute with China in the East China Sea.
Besides this, Japan’s move comes at a time when China’s growing military presence in the sea has fuelled concern in both Japan and the West.
JS Izumo : Based in Yokosuka, near to Tokyo, the warship’s primary mission is anti-submarine warfare.
The 249m long carrier is as large as Japan’s World War II-era carriers and can operate up to 9 helicopters. While it resembles the assault carriers used by US Marines, it lacks their well deck for launching and landing craft and other vessels. The carrier has been designated as a destroyer.
The Union Ministry of Agriculture and Farmer's Welfare on 11 March 2017 launched Mission Fingerling, a programme aimed at achieving the Blue Revolution by enabling holistic development and management of fisheries.
The main motive behind this programme is to enhance the fisheries production from 10.79 mmt (2014-15) to 15 mmt by 2020-21.
Highlights : In order to recognize the potential and possibilities in the fisheries sector, the Union Government envisaged a program named Blue Revolution.
The Blue Revolution focuses on creating an enabling environment for an integrated and holistic development and management of fisheries for the socio economic development of fish farmers.
This program with a total expenditure of around Rs 52000 lakh will facilitate the establishment of hatcheries and Fingerling rearing pond to ensure the fish production of 426 crores fish fingerling, 25.50 crores Post Larvae of shrimp and crab in the country.
This will converge in the production of 20 lakh tonnes of fish annually and will benefit about 4 million families.
It lays greater emphasis on infrastructure with an equally strong focus on management and conservation of the resources through technology transfer.
Productivity enhancement will also be targeted through integration of various production oriented activities such as production of quality fish seeds, cost effective feed and adoption of technology etc.
Fish Fingerling production is the single most important critical input visualised to achieve fish production targets under the Blue Revolution.
Use of high yielding verities of brooders is another significant aspect to be addressed on priority.
The Union Agricultural Ministry identified 20 States based on their potential and other relevant factors to strengthen the Fish Seed infrastructure in the country.
The implementation of this programme will supplement the requirement of stocking material up to a large extent to achieve the enhanced fish production.
Sri Lanka has sought an extension of two more years from the United Nations Human Rights Council (UNHRC) to probe into the alleged war crimes that were committed during the three-decade long civil war with the Liberation Tigers of Tamil Eelam (LTTE).
In October 2015, the UNHRC had given Sri Lanka 18 months to launch a proper probe into the crimes committed during the war with LTTE. The foreign ministry of Sri Lanka however, is seeking an extension in the timeline for the fulfilment of its commitment at the International body’s 34th session.
Highlights : According to the data collected by the United Nations, around 40000 civilians were killed by Sri Lankan security forces during former president Mahinda Rajapaksa's regime, which brought an end to the long conflict after defeating LTTE in 2009.
Sri Lanka’s proposition for an extension follows UNHRC’s criticism of the country’s slow progress in addressing its wartime past.In fact, earlier this month, the international body repeated its call for a hybrid court of international and local judges to investigate the allegations of human rights violations during the civil conflict.
The demand was rejected by Sri Lankan Prime Minister, Ranil Wickremesinghe who called it impractical.
While Sri Lanka’s main party, the Tamil National Alliance (TNA) has demanded for more time from the UN to meet all obligations, the party’s rival groups oppose the demand saying that the TNA has excluded the opinion of the majority of Tamils and even after one and half years, the government has not made any progress in its investigation.
Malaysia’s Lee Chong Wei won the 2017 All England Championship Title of Badminton in the men’s singles event. In the final match he defeated China’s Shi Yuqi by 21-12, 21-10 score. It was his overall fourth title in men’s singles event and had earlier won in 2010, 2011 and 2014.
Women’s Single: Tai Tzu-ying (China) won the title by defeating Ratchanok Intanon (Thailand) by 21-16, 22-20 score.
Men’s Double: Indonesia’s Marcus Gideon and Kevin Sukamuljo won the title by defeating China’s Li Junhui and Liu Yuchen by 21-19, 21-14 score.
Women’s Double: South Korea’s Chang Ye Na and Lee So Hee won the title by defeating Denmark’s Kamilla Rytter Juhl and Christinna Pedersen by 21-18, 21-13 score.
Mixed Double: China’s Lu Kai and Huang Yaqiong won the title by defeating Malaysia’s Peng Soon Chan and Liu Ying Goh by 18-21, 21-19, 21-14 score.
Punjab has won the 71st Santosh Trophy football tournament by defeating Railways by 2-1 goals. It was Punjab’s overall ninth Santosh Trophy after it had earlier won it in 1970, 1974, 1980, 1984, 1985, 1987, 2006 and 2007. For Punjab, both goals were scored by Rajbir Singh (16th and 61st minutes). For Railways, goal was scored by Rajesh Soosanayakam (59th minute).
Santosh Trophy is an annual Indian football tournament played in India. It was founded 1941. The trophy is named after the late Maharaja Sir Manmatha Nath Roy Chowdhary of Santosh (now it is in Bangladesh). It is knock-out competition contested by the regional state associations and government institutions under the All India Football Federation (AIFF).
State-run NTPC (National Thermal Power Corporation Limited) has installed India’s largest floating solar photovoltaic (PV) plant at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) at Kayamkulam in Kerala.
The 100 kWp (kilowatt peak) floating solar PV plant has been indigenously developed as a part of Union Government flagship ‘Make In India’ initiative.
It has been indigenously developed by NETRA (NTPC Energy Technology Research Alliance), R&D arm of NTPC, in collaboration with Central Institute of Plastic Engineering & Technology (CIPET), Chennai.
The system was installed by Chennai based Swelect Energy Systems Ltd with support from NETRA and NTPC Kayamkulam station in a short span of 22 days. Floating solar PV systems are fast emerging as an alternative to conventional ground mounted PV systems which are land intensive.
It can also be installed on saline water environment. It has various benefits like conserving water through reduction of evaporation, increased power generation due to cooling effect on the panels, reduced installation time etc
. Installation potential of such type of floating systems in India is huge because of abundance of water bodies.Particularly in Kerala this type of system has a great potential due to availability of water bodies and lack of presence of enough land.
National Thermal Power Corporation Limited (NTPC) : NTPC limited is a Central Public Sector Undertaking (CPSU), operational under the Ministry of Power.
It is India’s largest power generator and accounts for 25% of total electricity generated in the country It was established in 1975 by Union Government which now holds 70% of its equity shares as of May 2015 (after divestment of its stake in 2004, 2010, 2013, and 2015). Its headquarters are located in New Delhi.
Malayalam film director Diphan also known as Deepan passed away on 13 March 2017 following liver cirrhosis and kidney failure in a private hospital at Kochi. He was 47. He is survived by his wife and two children.
Diphan is known for his films namely Puthiya Mukham, Hero and SIM.
Diphan : A native of Thiruvananthapuram, Diphan was the son of dubbing artist Anandavally. Diphan worked as an assistant director for several years in the Malayalam film industry before venturing out on his own.
Diphan, in his brief career, directed six films after turning an independent director in 2003 when he directed the political thriller The King Maker: Leader.
After a gap of six years in 2009, he returned with Puthiya Mukham movie starring Prithviraj.
In a career spanning about 14 years as a director, he helmed seven films including Hero, SIM and D Company.
His last directorial venture was Dolphin Bar in 2014 which featured actor and BJP Rajya Sabha member Suresh Gopi.
His upcoming movie Sathya, which has Jayaram in the lead, was in the post production stage.
The US Senate on 13 March 2017 confirmed healthcare consultant Seema Verma as administrator of the 1 trillion dollars Centres for Medicare & Medicaid Services (CMS). The Senate voted 55-43 to approve Seema Verma to run the US health program.
Seema Verma was a nominee of President Donald Trump. The Indian-American woman will be running the US government’s health program for the elderly, poor and disabled.
Seema Verma : Verma is the owner of SVC Inc, a healthcare consulting firm
She has helped redesign Medicaid programs in several States, including Indiana when Vice President Mike Pence was Governor.Verma will report to US Health and Human Services Secretary Tom Price.
Earlier, the House Republicans released the text of a bill to repeal and replace the Affordable Care Act, also known as Obamacare.
Top-ranked Lee Chong Wei of Malaysia on 12 March 2017 won his fourth All England Open crown.
Lee defeated first-time finalist Shi Yuqi of China 21-12, 21-10, to grab the Men’s Singles title at the tournament.
Lee Chong Wei : Born on 21 October 1982, Lee Chong Wei is a Malaysian professional badminton player.
From 21 August 2008 to 14 June 2012, he was ranked first worldwide for 199 consecutive weeks as a singles player.
He is the fourth Malaysian player after Rashid Sidek, Roslin Hashim and Wong Choong Hann to achieve such a ranking.He is the only Malaysian badminton player to hold the number one ranking for more than a year.
He is triple silver medallist at the Olympic Games. He is also the sixth Malaysian to win an Olympic medal.
All England Open : The All England Open Badminton Championships is the world's oldest badminton tournament. It is held annually in England.
The tournament was given Superseries status in 2007. It upgraded to Superseries Premier status in 2011.
The world's first open tournament was held in the English town of Guildford in 1898.The tournament halted for two instances: from 1915 to 1919 (due to World War I) and from 1940 to 1946 (due to World War II).
The 2017 All England Open Badminton Championships had a total purse of USD 600000. In 2016, the Men’s Singles title was won by China’s Lin Dan.
Intel has announced a deal under which it will buy Israeli technology company Mobileye for $15.3 billion. Mobileye provides anti-collision, driver assistance, and autonomous driving solutions. Intel will buy all the shares of Mobileye at $63.54 per share in cash.
The acquisition will combine the computer vision expertise of Mobileye with the high-performance computing of Intel to create automated driving solutions from the cloud through the network to the car.
Prof Amnon Shashua, Mobileye’s Co-founder, Chairman, and CTO will lead this new combined entity. He will further report to Intel CEO, Brian Krzanich.
Intel has estimated the vehicle systems, data and services market to be around $70 billion by 2030.
Founded in 1999 in Israel, Mobileye went public on New York Stock Exchange (NYSE) back in 2014. In 2016, tesla stopped doing business with Mobileye after self-driving car crashed, causing the death of the driver.
Chinese smartphone company OnePlus has roped in Bollywood star Amitabh Bachchan as its new brand ambassador for India on March 6, 2017.
Mr Bachchan is the first major face that OnePlus India is associating with for its latest flagship smartphone, OnePlus 3T.
According to the OnePlus team, Bachchan has been considered since he better represents ‘OnePlus’ motto ‘Never SettleOnePlus 3T is rated as the best smartphone as compared to other brands based on consumer ratings on Amazon India.
With this, Amitabh Bachchan has now joined the first-ever “OnePlus Star” which is a select group of distinguished OnePlus users.
Korea’s Hyundai Engineering Co has signed a deal worth 3 billion euros (USD 3.2 billion) with an Iranian investment fund on March 13, 2017 to invest in a major Iranian oil project.
agreement covers construction of the second phase of the Kangan Petro RefiningComplex in southwest Bushehr province of Iran in which Hyundai Engineering plans to invest 3.1 billion euros which is 95 percent of the overall project cost.
The South Korean company will have nine months to secure financing for the oil project which is a potential obstacle due to continued reluctance of international banks to engage with Iran.
The second phase of the deal involves the construction of four production plants at the Kangan site and is expected to take four years.
The first phase of the Kangan project was 30 percent completed with an investment of nearly 120 million euros.
Jatiya Sangsad, the Parliament of Bangladesh unanimously adopted a resolution on March 11, 2017 to declare March 25 as Genocide Day in remembrance of the brutality carried out by the Pakistani Army in the “Black Night” of March 25, 1971.
MPs also suggested that the government should take initiative so that December 9, which is marked by the UN as international day of commemoration of genocide, sees that March 25 victims being commemorate as well.
The Pakistan government is set to conduct its first national census in 19 years from March 15, 2017 for proper allocation of funds and resources.
The census will be done in two phase. The first phase of the census will begin on March 15 and last on April 15. After a ten day gap, the second phase will start from April 25 and conclude on May 25.
The census will include the assistance of over 200,000 Army troops and 118,918 civilians who are government servants from various departments.
Atleast one soldier will accompany each civilian enumerator who will visit house to house to enlist the number of households and individuals living there.
For the census programme, an amount of Rs 18.5 billion have been allocated by the government.
In case of any wrong information, there will be imprisonment of six months and Rs 50,000 fine.
Islamabad last conducted a census in 1998, which recorded a national population of approximately 180 million.
The Arunachal Pradesh government has launched a new scheme Adarsh Gram Yojana that is in accordance with the basic philosophy of the Prime Minister “Sabka Saath Sabka Vikaas” (Collective Efforts Inclusive Growth).
The scheme aims to reach the poor people in rural areas of the state to serve them better.
Under the scheme, 123 villages (comprising one village per circle) will be developed as ‘Model Villages’ during the fiscal year 2017-18.
The state government has allocated an amount of Rs.93 crore in the Budget 2017-18 for infrastructure development and for creating employment opportunities and community assets for the people of those villages.
All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month.
In a two-stage process, the weekly withdrawal limit per account had been raised to Rs. 50,000, from Rs. 24,000, with effect from February 20, and all limits on ATM withdrawals were slated to cease from March 13.
The announcement had been made by RBI Deputy Governor R Gandhi following the fiscal year's last monetary policy review announcement by the central bank in February, when it kept its key interest rate unchanged at 6.25 per cent, saying it awaited data on the full impact of the government's demonetisation drive.
Airtel Payments Bank, offered by telecom major Bharti Airtel, announced that over one lakh savings accounts were opened in 100 villages across Tamil Nadu.
Through the initiative, the villages would have access to banking services along with the option of making digital payments. Till date, over one lakh savings accounts have been opened with Airtel Payments Bank across Tamil Nadu.
By launching the service, Airtel Payments Bank will not charge any processing fee from its customers and merchant partners for digital transactions. Airtel Payments Bank, which was the first payments bank to go live, has committed investment of Rs 3,000 crore countrywide and plans to build digital payments with over five million merchants. Payment Banks accept deposits from individuals and small businesses up to a maximum of Rs 1 lakh per account.
Finance Minister Arun Jaitley was today given the additional charge of the Defence Ministry after Manohar Parrikar resigned to take on the new role of Goa Chief Minister.
A Rashtrapati Bhawan communique said that the resignation of Parrikar as the Defence Minister, on advice of Prime Minister Narendra Modi, has been accepted with immediate effect. Parrikar submitted his resignation after BJP staked claim to form an alliance government in Goa. He will be sworn in as the Chief Minister of Goa tomorrow heading the BJP-led ministry which has the support of regional outfits and Independents.
This is the second time that Jaitley is holding the additional portfolio of Defence Ministry during the present NDA government. He was incharge of the ministry earlier from May 26 to November 9 in 2014.
Election Commission of India on 11 March 2017 announced the results of the 2017 Assembly elections in Punjab. Punjab voted in a single phase on 4 February 2017.
Congress led by Amrinder Singh succeeded in winning 77 seats in the state. With this, Congress also emerged as the largest party in the state.
On the other hand, the ruling SAD+BJP combine failed in saving the government in the state. The party was decimated to 18 seats.
Aam Aadmi Party, which is a new entrant to the assembly elections in Punjab, was able to secure 20 seats.
Punjab Results 2017 – Party wise Seats
Akali Dal-BJP alliance (NDA)-18
The Lok Sabha on 10 March 2017 passed the Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016. The Bill seeks to establish a legal framework to consolidate the existing laws relating to admiralty jurisdiction of courts, admiralty proceedings on maritime claims, arrest of vessels and related issues.
The intended legislation also repeals the following five obsolete British statues on admiralty jurisdiction in civil matters.
i. The Admiralty Court Act, 1840
ii. The Admiralty Court Act, 1861
iii. The Colonial Courts of Admiralty Act, 1890
iv. The Colonial Courts of Admiralty (India) Act, 1891
v. The provisions of the Letters Patent, 1865
The repealing of five admiralty statutes is in line with the government's commitment to do away with archaic laws which are hindering efficient governance.
Highlights : The bill confers admiralty jurisdiction on High Courts located in coastal States of India and this jurisdiction extends up to territorial waters.
The jurisdiction is extendable, by a Central Government notification, up to exclusive economic zone or any other maritime zone of India or islands constituting part of the territory of India.It applies to every vessel irrespective of place of residence or domicile of the owner.
Inland vessels and vessels under construction are excluded from its application, but the Central Government is empowered to make it applicable to these vessels also by a notification if necessary.It does not apply to warships and naval auxiliary and vessels used for non-commercial purposes.
The jurisdiction is for adjudicating on a set of maritime claims listed in the bill In order to ensure security against a maritime claim, a vessel can be arrested in certain circumstances.
The liability in respect of selected maritime claims on a vessel passes on to its new owners by way of maritime liens subject to a stipulated time limit. In respect of aspects on which provisions are not laid down in the bill, the Civil Procedure Code, 1908 is applicable.