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Important Current Affairs 26th July

NATIONAL:

Lok Sabha passed the 2019 Muslim Women (Protection of Rights on Marriage) Bill

• Lok Sabha passed the Muslim Women (Protection of Rights on Marriage) Bill, 2019 on 25 July. The Bill was introduced by the Law Minister Ravi Shankar Prasad. The bill is for the justice, respect and dignity of women.

• Provisions of th eBill: The Bill criminalises instant triple talaq among Muslims. It also approves a jail term of three years for the husband.

The bill will replace the ordinance passed by the previous government in February. It should be noted that around 20 Muslim countries in the world, including Pakistan and Malaysia, have banned the triple talaq.

Opposition:

The Bill was opposed by BJP ally Janata Dal (United). The party said that it will create distrust among a particular community.

The Companies Amendment Bill, 2019 introduced in Lok Sabha on 25 July

• The Companies (Amendment) Bill, 2019 has been introduced in Lok Sabha on 25 July. The Bill was introduced by the Union Finance Minister Nirmala Sitharaman.

• Provision of the Ordinance:

16 of the offences that are punishable with fine or imprisonment, or both has been recategorised as it empowers the adjudicating officers, who are appointed by the central government, may now levy penalties instead.

The ordinance prohibits a company from issuing shares at a discount, except in certain cases.

• It also says that a company can not commence business unless it files a declaration within 180 days of incorporation or files a verification of its registered office within 30 days of incorporation.

The companies must register charges such as mortgages on its property within 30 days of creation of charge.

Lok Sabha cleared the Unlawful Activities Prevention (Amendment) Bill, 2019

• Lok Sabha cleared theUnlawful Activities Prevention (Amendment) Bill, 2019. The Bill aims to end terrorism.

• Provisions of the Bill: The Bill will now empower the government to designate individuals as terrorists. If any person commits or participates in acts of terrorism or involved in terrorist, he/she can be designated as terrorist.

The Director-General of the National Investigation Agency (NIA) can now grant approval of seizure or attachment of property when the case is investigated by the agency.

• Bill was opposed: The amendments to the Bill was opposed saying that the legislation violates Article 21 and also lacks judicial review. Also, the opposition said that the intent of the Bill will be used to just detain people in jail and deny them a trial. The Bill was also termed as anti-federalism and anti-people.

BUSINESS AND ECONOMY:

RIL became the top Indian company in the latest Fortune Global 500 list

• Reliance Industries (RIL) has topped the Indian company to feature in the latest Fortune Global 500 list. RIL has moved 42 positions from its previous and has secured 106th ranking. The Indian company that stands next to RIL is the state-run Indian Oil Corporation (IOC). It has secured 117th rank.

RIL:

The profit of RIL has been increased from $62.3 billion to $82.3 billion in 2019. IOC has recorded a 17.7% growth in revenue from $65.9 billion to $77.6.

• Other Indian Companies in the list:

The other companies that are included in the Fortune Global 500 list are ONGC that ranked 160, State Bank of India that ranked 236, Tata Motors that ranked 265, Bharat Petroleum which ranked 275 and Rajesh Exports that ranked 495.

APPOINTMENTS AND RESIGNATION:

Priti Patel has been appointed as the Britains first Indian origin home secretary

• Priti Patel has been appointed as the Britain's first Indian-origin home secretary which is a part of Prime Minister Boris Johnson's top team on 25 July. She will replacePakistani-origin Sajid Javid. He has been transferred to the Treasury department as the first ethnic minority Chancellor of the Exchequer.

• About Priti Patel:

Patel was a prominent member from the Conservative Party leadership. She was a member of the Back Boris campaign. Since 24 July 2019, she has been Secretary of State for the Home Department. Also, a Member of Parliament for Witham in Essex since 2010. She was previously International Development Secretary from 2016 to 2017. Patel has also served as a junior Treasury minister. She has released a report on the British economy arguing for lower taxes and for a new Bank of England mandate more focused on asset price inflation and financial imbalances.

Congress leader Adhir Ranjan Chowdhury appointed PAC Chairman

• Congress party leader Adhir Ranjan Chowdhury appointed as the Chairman of the Public Accounts Committee (PAC).The post was held by Congress leader Mallikarjun Kharge .He recently concluded elections lost from Gulbarga constituency in Karnataka to BJP's Umesh Jadhav.Chowdhury along with former Union Ministers Satyapal Singh and Jayant Sinha elected as the members of PAC

• The other members elected to the committee from Lok Sabha are TR Baalu (DMK), Subhash Chandra Baheria, Sudheer Gupta, Darshana Vikram Jardosh, Ajay (Teni) Misra, Jagadambika Pal, Vishnu Dayal Ram, Ram Kripal Yadav (all BJP), Bhartruhari Mahtab (BJD), Rahul Ramesh Shewale (Shiv Sena), Rajiv Ranjan Singh (JD-U) and Balashowry Vallabbhaneni (YSRC Party).

SPORTS:

Boxing Legend Manny Pacquiao won WBA Super Welterweight title 2019

• Manny Pacquiao(40) won the WBA (World Boxing Association) welterweight championship 2019. He defeated  Keith Thurman of US at the MGM Grand Garden Arena, United States. Two judges scored it 115-112 in favor of Pacquiao. The one judge scored it 114-113 to Thurman.

• The eight-division world champion Pacquiao improved to 62-7-2 score with 39 knockouts. He is currently serving as a senator of the Philippines won 12 major world titles as well as being the first boxer to win the lineal championship in five different weight classes.

• He won the “Best Fighter ESPY Award. He currently ranks No. 4 in Boxer's ranking of the greatest pound for pound boxers of all time.

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