Daily Factly-04-07-2020

What is Daily Factly?

Daily Factly is the NDI-NationalDefence Institute initiative to help students in the process of preparation for UPSC, CDS, CAPF, NDA, AFCAT, INET, SSC, and other State-level exams. Complemented with thorough preparation and revision of all subjects and mock tests, Daily Factly would undoubtedly help you gain those extra 10-12 marks when you have exhausted the limits of your knowledge. the real test is close. We hope this helps you.

• Article 131 of the Constitution talks about the original jurisdiction of the Supreme Court, where the apex court deals with any dispute between the Centre and a state; the Centre and a state on the one side and another state on the other side; and two or more states
• The anti-defection law sought to prevent political defections which may be due to reward of office or other similar considerations. 
• For this, the Tenth Schedule was inserted in the Constitution in 1985, by the 52nd Amendment Act. It lays down the process by which legislators may be disqualified on grounds of defection by the Presiding Officer of a legislature based on a petition by any other member of the House. Aadhaar is a verifiable 12-digit identification number issued by the Unique Identification Authority of India (UIDAI) to the resident of India. UIDAI, is a statutory authority established under the provisions of Aadhaar Act 2016, under the Ministry of Electronics & Information Technology
• The Office of the Custodian of Enemy Property for India (CEPI) was set up in the year 1939 to deal with enemy properties confiscated during World War II. The legal status to the office was given under Enemy Property Act, 1968.
• Under Article 30 (1), all minorities, whether based on religion or language, have the right to establish and administer educational institutions of their choice.
• National Commission for Minority Educational Institutions NCMEI, a quasi-judicial body, regulates the certification of minority educational institutions all over India. Its Chairman should be who has been a Judge of the High Court and three members are to be nominated by Central Government. It has the powers of a Civil Court.
• All India Judicial Services (AIJS) aims at creating a centralized cadre of District Judges who will be recruited centrally through an all-India examination and allocated to each State along the lines of the All India Services (AIS). It has been pitched as a solution to judicial vacancies, lack of representation for the marginalised and the failure to attract the best talent.
• United Nations Convention for the Law of the Sea (UNCLOS) is an international treaty which was adopted and signed in 1982. It lays down a comprehensive regime of law and order in the world's oceans and seas establishing rules governing all uses of the oceans and their resources.
• International Court of Justice (ICJ) is the principal judicial organ of the United Nations (UN). It settles disputes between states and gives advisory opinions on international legal issues referred to it by the UN. The ICJ is the successor of the Permanent Court of International Justice (PCIJ), which was established by the League of Nations in 1920. The ICJ comprises a panel of 15 judges elected by the General Assembly and Security Council for nine-year terms. The court is seated in the Peace Palace in The Hague, Netherlands
• prompt corrective action (PCA) is a framework under which banks with weak financial metrics are put under watch by the RBI. The RBI introduced the PCA framework in 2002 as a structured early-intervention mechanism for banks that become undercapitalized due to poor asset quality, or vulnerable due to loss of profitability. It aims to check the problem of Non-Performing Assets (NPAs) in the Indian banking sector.