1) Which of the following is not a parameter for calculating World Bank’s Ease of Doing Business Index?
1. Starting a business.
2. Dealing with construction permits.
3. Getting electricity
4. Registering property.
5. Getting credit.
6. Protecting minority investors
A. 2 and 3 only
B. 1 ,4 & 3 only
C. All of the above
D.None of the above
- Sol : D
EASE OF DOING BUSINESS INDEX ◦ Ease of doing business is an index published by the World Bank. It is an aggregate figure that includes different parameters which define the ease of doing business in a country.
◦ It was started by Simeon Djankov and elaborated by the World Bank Group since 2003 every year that is aimed to measure the costs to firms of business regulations in 190 countries.
◦ It is computed by aggregating the distance to frontier scores of different economies. The distance to frontier score uses the ‘regulatory best practices’ for doing business as the parameter and benchmark economies according to that parameter.
◦ For each of the indicators that form a part of the statistic ‘Ease of doing business,’ a distance to frontier score is computed and all the scores are aggregated. The aggregated score becomes the Ease of doing business index.
- The World Bank’s rankings are based on the country’s performance in following areas:
1) Starting a business.
2) Dealing with construction permits.
3) Getting electricity
4) Registering property.
5) Getting credit.
6) Protecting minority investors.
7) Paying taxes.
8) Trading across borders.
9) Enforcing contracts; and
10) Resolving insolvency.
- EASE OF DOING BUSINESS RANKING OF STATES OF INDIA
Ease of doing business ranking of states of India is the annual ease of doing business index of states and union territories of India based on the completion percentage scores of action items points of annual Business Reforms Action Plan (BRAP) under the make in India initiative The BRAP includes 405 recommendations for reforms on regulatory processes, policies, practices and procedures spread across 12 reform areas, that is, labour regulation enablers; contract enforcement; registering property; inspection reform enablers; single window system; land availability and allotment; construction permit enablers; environmental registration enablers; obtaining utility permits; paying taxes; access to information and transparency enablers and sector specific reforms spanning the lifecycle of a typical business. Andhra Pradesh, Telangana and Haryana have scored first, second and third spots, respectively, in annual ease of doing business rankings for states and Union territories, released by the World Bank and the Department of Industrial Policy and Promotion (DIPP)
2) Which of the following organization publishes GII (Global Innovation Index)?
A. World Bank
B. World Economic Forum
- Sol : D
In recently released Global Innovation Index (GII) 2018, India was ranked 57th among 130 countries. The Global Innovation Index 2018 (GII), in its 11th edition this year ( published annually since 2007), and continues to be co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, an agency of the United Nations). The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for economies, which in 2018 encompasses 126 economies, representing 90.8% of the world’s population and 96.3% of global GDP. This year, India has moved up 3 places as compared to 60th rank in GII 2017 and emerged as top-ranked economy in Central and South Asia….
NOTE : CII is one of the knowledge partners which assists GII in bringing out annual ranking.
- What is WIPO?
◦WIPO is the global forum for intellectual property services, policy, information and cooperation. We are a self-funding agency of the United Nations, with 191 member states.
Mission : ◦ to lead the development of a balanced and effective international intellectual property (IP) system that enables innovation and creativity for the benefit of all.
WIPO Convention :
◦ mandate, governing bodies and procedures are set out in the WIPO Convention, which established WIPO in 1967
3) Which of the following is true regarding National Company Law Appellate Tribunal(s) (NCLAT)?
A. NCLAT was constituted under Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT).
B. The jurisdiction of NCLAT was later extended to the orders passes by IBBI(Insolvency and Bankruptcy Board of India) and CCI (Competition Commission of India) as well.
C. Both a and b
D. None of the above
- Sol : c
◦ As per Section 408 of the Companies Act, 2013, the Central Government shall constitute by notification published in Official Gazette the National Company Law Tribunal (NCLT). The National Company Law Tribunal will exercise and discharge the powers and functions as conferred or as may be conferred under the Companies Act, 2013 or any other law for the time being in force. Composition of the National Company Law Tribunal: Composition of the National Company Law Tribunal consists of a President and such number of other Judicial and Technical Members as may be prescribed. The President of the Tribunal shall be appointed by the Central Government after consultation with Chief Justice of India. The Members are to be appointed by the Central Government on the recommendation of a Selection Committee.
President of National Company Law Tribunal:
◦ A person who is or has been judge of a High Court for five years is eligible to be appointed as president of National Company Law Tribunal.
◦ A person shall not be qualified for appointment as a Judicial Member unless he:
◦ Is or has been a judge of High Court; or
◦ Is or has been a District Judge for atleast five years; or
◦ Has, for atleast 10 years been practicing as an advocate
◦ “Judicial Member” includes President of the Tribunal.
- ADDITIONAL INFORMATION
◦ National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June, 2016.
◦ NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by NCLT(s) under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC), with effect from 1st December, 2016.
◦ NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of I BC.
◦ NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI) – as per the amendment brought to Section 410 of the Companies Act, 2013 by Section 172 of the Finance Act, 2017, with effect from 26th May, 2017.
4) “BRU” Tribe has been in news recently. They could be associated with which of the following states?
C. J & K
- Sol : d
◦ Reang are one of the 21 scheduled tribes of the Indian state of Tripura. The correct nomenclature for this ethnic group is actually Bru although the name Reang was accidentally incorporated by the Indian government during a census count.
◦ The Bru can be found all over the Tripura state in India. However, they may also be found in Mizoram, Assam, Manipur and Bangladesh.
◦ They speak the Reang dialect of Kokborok language which is of Tibeto-Burmese origin and is locally referred to as Kau Bru.
◦ Recently, following the Union Home Ministry’s decision to give voting rights to around 30,000 people who had fled from Mizoram to Tripura in 1997 in the wake of inter-community violence,
◦ The Election Commission has asked the State of Mizoram to revise its rolls for the poll this year and include the members of the internally-displaced community. As many as 32,876 people of the Reang tribe (known in Mizoram as Brus) are set to be repatriated to Mizoram after a tripartite agreement was signed between the Centre, Tripura and Mizoram.
RECENT IMP. ARTICLE https://indianexpress.com/article/explained/why-32000-bru-tribals-from-mizoram-were-stuck-in-tripurafor-21-years-5246144/
5) – From today’s Lecture Choose the incorrect statement from below wrt Emergency Provisions
A. National emergency is immune to judicial review.
B. President needs written recommendation of cabinet to proclaim it.
C. Central Govt can give any executive direction to states even when its assembly is not suspended.
D. President can cancel central grant to the state.
Sol : a