The Supreme Court on Wednesday observed that Section 497 of the Indian Penal Code (IPC) that criminalises adultery is an “archaic provision”. According to the 158-year-old provision, a married man can be punished for having sex with a married woman without the consent or connivance of her husband.A five-judge bench of the Supreme Court, headed by Chief Justice of India (CJI) Dipak Misra and comprising Justices Indu Malhotra, RF Nariman, AM Khanwilkar and DY Chandrachud, is hearing the matter on the constitutionality of adultery laws in India.The bench observed that even though the provision punishes an adulterous man with a term up to five years specifying that the woman cannot be booked even as an abettor, it is more discriminatory towards the woman.Close Justice Nariman said, “Requirement of the husband’s consent or connivance makes it appear as if the woman is a chattel or property of the husband." Terming the provision “manifestly arbitrary”, he … [Read more...] about Adultery law is an archaic provision, says SC; indicates it may go
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Goa minister Michael Lobo on Saturday demanded that public hanging of convicts in the rape-murder cases be made compulsory in the country for sending out a strong message in the society in order to curb crime against women.He also urged Prime Minister Narendra Modi and Union Home Minister Amit Shah to bring amendments to the law to facilitate public hanging of such criminals.His demand comes a day after all the four men, arrested for the rape and murder of a 25-year-old woman veterinarian in Hyderabad last month, were killed in an 'encounter' with police.Close "Taking cognizance of the growing crime against women, PM Narendra Modi and Home Minister Amit Shah should make necessary amendments to the Indian Penal Code (IPC) in the Parliament in order to make capital punishment with public hanging compulsory for convicts in rape-and-murder cases," the Ports Minister told reporters here. related news PIL seeks SIT probe into Telangana encounter, compensation to families No … [Read more...] about Make public hanging of rape-murder convicts compulsory: Michael Lobo
Hareesh VDespite positive Chinese manufacturing numbers and improved trade deal optimism, Zinc prices in the international and domestic markets tumbled to multi-month lows.Prices gained considerably in the first half of the year but nosedived to a three year low by September on feeble demand expectation from China.Close China is the world’s largest zinc producer. Additionally, the country is the top consumer, accounting for about half of the global consumption. However, the 16 months old trade dispute with the US has roiled the Chinese manufacturing sector and demand for zinc. related news How to evaluate your risk appetite? December is usually volatile, pause is not negative trigger as articulated Jute could be among priority industries to bet on in next rally Zinc is largely used for galvanising steel, hence, about 50 percent of global demand is from the construction sector. Transportation, infra, industrial machinery and consumer products are the other … [Read more...] about Trade deal optimism, positive China manufacturing data may limit further downside in Zinc
Dear Reader,From Arthur Conan Doyle’s ‘The Adventure of Silver Blaze’:Gregory (Scotland Yard detective): Is there any other point to which you would wish to draw my attention? Holmes: To the curious incident of the dog in the night-time. Gregory: The dog did nothing in the night-time. Holmes: That was the curious incident.Close The parallel between the little snippet from the Sherlock Holmes story and the Monetary Policy Committee (MPC) doing nothing at its December 5 meeting is rather neat. related news Robots are not just taking away jobs, they are making life tougher for staff OPEC agrees oil output cuts after much 'brain squeezing' Jute could be among priority industries to bet on in next rally Everybody, including yours truly, expected a rate cut, given the dismal GDP growth in the September quarter. We had argued a rate cut would not be of much use, but had little faith in the MPC’s intestinal fortitude for straying from the beaten track. Mea … [Read more...] about Moneycontrol Pro Weekender: The curious incident of the MPC in the slowdown
Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?