Current Affairs India - 25 August 2014

1. In a significant ruling, India's higher court the Supreme Court has ruled tpoday that all coal mining licences awarded between 1993 and 2010 are illegal. During this period, different governments gave rights to mine coal to state and private companies in a manner which was "not fair and transparent" and without competitive bidding, said a bench headed by Chief Justice R.M Lodha.


The apex court will now examine each of the 218 such licences if that should be cancelled or not. Earlier, India-s Comptroller and Auditor General (CAG) has ruled that Indian government lost USD 210 billion because of wrong allocation of coal blocks.


2. Textiles Ministry has inked a pact with domestic e-commerce major Flipkart to provide an online marketing platform to handloom weavers across the country in order to boost the handloom sector, empower the weavers and uplift manufacturing in the country.


As per the deal, Flipkart will provide weavers in India an online marketing platform, infrastructural support in data analytics and customer acquisition to help them get remunerative prices for their products and scale up their business. This move will help weavers and weaver entrepreneurs in the textile ministry in the country and also help to eliminate middleman.


3. Central Government has appointed R N Ravi as the new chief of Joint Intelligence Committee, a body tasked to assess intelligence gathered by various intelligence agencies including IB and RAW and functions under the National Security Council Secretariat.


He is a 1976 batch IPS officer from Kerala and retired in 2012 as Special Director of Intelligence Bureau. He will hold the charge for next three years.


4. Institute of Company Secretaries of India (ICSI) has awarded HCL Founder and Chairman Shiv Nadar with the ICSI Life Time Achievement Award 2013 for Excellence in Corporate Governance. He was awarded for his exemplary work in institution - building and good governance.