Daily Current Affairs – 2020Topic: For Prelims and Mains
21st October 2019
Jammu and Kashmir government has recently issued formal orders for abolition of legislative council and opening of new administrative secretariat in Ladakh under the Jammu and Kashmir Reorganisation Bill, which was passed in August.
The first Legislature of the State was established by the government of the Maharaja Hari Singh in 1934 under Act No. 1 of 1991 (Bikrami), which later came to be known as the Constitution Act of 1934 A.D.
The Legislature consisted of-
(a) the Council, comprising of the Prime Minister and Ministers appointed by him, and
(b) The Assembly, known as Prajasabha.
Out of seventy five members of the Assembly, thirty were elected from Constituencies and Communities specified in the Jammu and Kashmir Assembly Electoral Regulations while the rest forty two non-elected members included Ministers of His Highness, and officials and persons nominated by him.
In 1939, the Maharaja promulgated the Jammu and Kashmir Constitution Act of 1996 (Bilrami) corresponding to 1939 A.D.
Sunni Waqf Board has offered to drop its claim to the disputed temple-mosque site in Ayodhya and has no objection to the land being taken over by the government for a Ram Temple, a mediation panel of the Supreme Court has said in its report.
Property given in the name of God for religious and charitable purposes.
In legal terms, permanent dedication by a person professing Islam, of any movable or immovable property for any purpose recognised by the Muslim law as pious, religious or charitable.
It is a juristic person with power to acquire and hold property and to transfer any such property.
The board can sue and be sued in a court as it is recognised as a legal entity or juristic person.
Each state has a Waqf Board headed by a chairperson, one or two nominees from the state government, Muslim legislators and parliamentarians, Muslim members of the state Bar Council, recognised scholars of Islamic theology and mutawalis of the waqfs with an annual income of Rs 1 lakh and above.
The Waqf Board has powers under the law to administer the property and take measures for the recovery of lost properties of any waqf, to sanction any transfer of immovable property of a waqf by way of sale, gift, mortgage, exchange or lease.
However, the sanction shall not be given unless at least two thirds of the members of the Waqf Board vote in favour of such transaction.
It is an Act in India related to private trusts and trustees. The act defines what would lawfully be called as a trust and who can be legally its trustees and provides definition for them.
The Indian trusts amendment bill of 2015 amended the act and removed some restrictions on investment of the monetary assets by the trust in certain investments. But at the same time enabled the government to scrutinize the trusts investments at will.
Italy is readying a new tax on digital companies in its 2020 budget, as it seeks alternative revenues that will allow it to scrap a scheduled increase in sales tax,