Mizoram Current Affairs - 2020

Union Government denies introduction of ILP in Meghalaya

The demand to create Inner Line Permit (ILP) system in Meghalaya has been rejected by the Union Government on grounds that the Constitution does not provide for extending the special provision to new areas.

The Government clarified that it was bound by Article 19 (D) of the Constitution which allows any Indian citizen to move freely throughout the territory of the country.

What is Inner Line Permit (ILP)?

ILP is an official travel document issued by an empowered State government to permit inward travel of an Indian citizen into a protected or restricted area for a limited period. It is mandatory for Indian citizens from outside those specific States to get permit for entering the protected State.

Why Inner Line Permit (ILP) is issued?

The ILP system empowers the government to regulate movement to certain areas located near the international borders. It is issued under the Bengal Eastern Frontier Regulation, 1873. At present, ILP is active in Arunachal Pradesh, Nagaland and Mizoram.

In context of Meghalaya, various organizations in the state have been demanding ILP system claiming the demography of the State is changing due to the intense inflow of people.

Political uncertainties are among the factors impacting capital markets: RBI

The RBI in its Macroeconomic and Monetary Developments Second Quarter Review 2013-14 said that markets in India face domestic uncertainties arsing from prolonged slowdown, falling corporate earnings and rising leverage, besides risks of political uncertainties associated with the electoral cycle.

Elections are to be held in Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Delhi in November-December 2013. National polls are also due before the term of the current Lok Sabha ends in May 2014.

In the recent past, India’s stock markets have faced volatility on the account of fears of a tapering of the monetary stimulus by the US Federal Reserve and concerns on domestic economy.

However, as per RBI, market uncertainties remain associated with how the debt ceiling issues will play out over the next several months and whether the nascent signs of recovery in the euro area sustain.

Global financial markets also got some relief with the US Federal Reserve decision to maintain the pace of its bond purchases and its signal that withdrawal of quantitative easing may take longer. However, RBI cautioned that the financial markets could be disrupted again when the extraordinary monetary accommodation in the advanced economies is withdrawn.