Centre defines J&K domicile rules
The Union government has issued a notification defining “domiciles” in the new Union Territory (UT) of Jammu and Kashmir for protecting jobs in the Group D category and entry-level non-gazetted posts for the domiciles.
What is a ‘domicile’?
In law, domicile is the status or attribution of being a lawful permanent resident in a particular jurisdiction. A person can remain domiciled in a jurisdiction even after he has left it, if he has maintained sufficient links with that jurisdiction or has not displayed an intention to leave permanently (i.e. if that person has moved to a different state but has not yet formed an intention to remain there indefinitely).
Who is eligible for domicile?
- Anyone “who has resided for a period of fifteen years in the UT of J&K”.
- Or has studied for a period of seven years and appeared in class 10th/12th examination in an educational institution located in the UT of J&K.
- Or those registered as migrants and their children.
- Or the children of those central government officials, All India service officials, Officials of Public sector undertaking, autonomous body of central government, public sector banks, officials of statuary bodies officials of central universities and recognised research institutes of central government who have served in J&K for a period of ten years.
- Or children of residents of J&K who reside outside the Union Territory in connection with employment or business or for other professional or vocational reasons, but whose parents fulfil any of the conditions provided in the latest gazette notification will also be entitled to domicile status.
The order says the domiciles will be eligible “for the purposes of appointment to any post carrying a pay scale of not more than Level 4”. The Level 4 post comprises positions such as gardeners, barbers, office peons and waterman, and the highest rank in the category is that of a junior assistant.
The Government of India has launched a mobile app developed in public-private partnership to bring the people of India together in a resolute fight against COVID-19.
The App, called ‘AarogyaSetu’ joins Digital India for the health and well-being of every Indian. It will enable people to assess themselves the risk for their catching the Corona Virus infection. It will calculate this based on their interaction with others, using cutting edge Bluetooth technology, algorithms and artificial intelligence.
How does it work?
Once installed in a smart phone through an easy and user-friendly process, the app detects other devices with AarogyaSetu installed that come in the proximity of that phone. The app can then calculate the risk of infection based on sophisticated parameters if any of these contacts is tested positive.
Iran warns US after it deploys ‘Patriot’ in Iraq
Iran has warned the U.S. that it was leading West Asia to disaster in the midst of the COVID-19 pandemic after it deployed Patriot air defence missiles to Iraq.
What is ‘Patriot’ air defence missile?
- Patriot (MIM-104) is a long-range, all-altitude, all-weather air defence system to counter tactical ballistic missiles, cruise missiles and advanced aircraft.
- The missile is equipped with a track-via-missile (TVM) guidance system.
- The missile has a range of 70km and a maximum altitude greater than 24km. The minimum flight time is less than nine seconds and the maximum is three and a half minutes.
Countercyclical capital buffer
Reserve Bank has deferred implementation of countercyclical capital buffers (CCyB) and extended the realisation period for export proceeds.
The RBI had put in place the framework on counter-cyclical capital buffer (CCyB) on February 5, 2015, wherein it was advised that the CCyB would be activated as and when the circumstances warranted.
What Is a Countercyclical Capital Buffer (CCyB) in Banking?
- The countercyclical capital buffer is intended to protect the banking sector against losses that could be caused by cyclical systemic risks increasing in the economy.
- Countercyclical capital buffers require banks to hold capital at times when credit is growing rapidly so that the buffer can be reduced if the financial cycle turns down or the economic and financial environment becomes substantially worse.
- Banks can use the capital buffers they have built up during the growth phase of the financial cycle to cover losses that may arise during periods of stress and to continue supplying credit to the real economy.