President Current Affairs - 2019

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Justice A S Oka sworn in as Chief Justice of Karnataka High Court

Justice Abhay Shreeniwas Oka was sworn-in as the Chief Justice of Karnataka High Court. He now becomes 31st Chief Justice of Karnataka HC. His oath of office was administered by Karnataka Governor Vajubhai R Vala, at Raj Bhavan in Bengaluru.

Key Facts

  • The Karnataka Chief Justice office had fallen vacant after then incumbent Justice Dinesh Maheshwari was elevated as a Supreme Court (SC) judge in January 2019.
  • After erstwhile Chief Justice Maheshwari’s elevation Justice L Narayana Swamy was appointed as Acting Chief Justice of Karnataka High Court
  • On 30 April 2019, central government on recommendation of the SC collegium (constituted on April 8) notified the Justice Shreeniwas Oka’s appointment as Chief Justice Karnataka by President Ram Nath Kovind.

About Justice Shreeniwas Oka

  • The 58 year old Justice Oka, enrolled as an Advocate in 1983 started his practice in Thane District Court, Maharashtra.
  • In 1985-86, he joined office of V P Tipnis, a former Lok Ayukta and former Judge of Bombay High Court and appeared in many major cases including public interest litigations (PILs).
  • In August 2003 he was appointed as an additional judge of Bombay High Court in and in November 2005 he was appointed as a permanent Judge.
  • Before his appointment as Chief Justice of Karnataka he was serving as second senior-most judge in Bombay High Court.

High Courts in India

According to Article 214 of Indian constitution, each state of India shall have a High Court. The Chief Justice of a High Court is appointed in accordance to Article 217 of Indian constitution by President with consultation of Chief Justice of India (CJI) and the Governor of respective State.

Month: Categories: Persons in News

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Chief Economic Advisor Krishnamurthy Subramanian appointed as Advisory Council Member in 15th Finance Commission

The Chief Economic Advisor (CEA) to Central government, Dr. Krishnamurthy Subramanian is appointed as twelfth (12) member of Advisory Council of Fifteenth (15th) Finance Commission (FCc).

Advisory Council

It now has 12 members, which include noted economists Surjit Bhalla, Arvind Virmani, Indira Rajaraman and M Govinda Rao among others.

Role and Function:

  • To is to advise FC on any relevant matter or subject related to Terms of Reference (ToR) of Commission.
  • To assists FC in preparing any research paper or study which would enhance commission’s understanding on issue contained in its ToR.
  • To help expand FC understanding in adopting best national and international practices on matters of fiscal devolution and
  • To help improve quality, reach and enforcement of FC recommendations.

Finance Commission

  • It is constituted under article 280 of Constitution by President of India. It mainly gives its recommendations on tax devolution i.e. distribution of tax revenues between Union and States and amongst states themselves.
  • It is appointed for a period of five years and comprise of five member including one chairman and four other members.
  • First FC was constituted under chairmanship of Shri K.C. Neogy on 6th April, 1952.

Fifteenth Finance Commission

  • It was constituted in November 2017, to give recommendations for tax devolution and other fiscal matter for five fiscal years, 1 April 2020- 31 March 2025.
  • It is chaired by N. K. Singh, and members Ajay Narayan Jha, Ashok Lahiri and Anoop Singh. Ramesh Chand is a part-time member in FC.

Month: Categories: Business, Economy & Banking

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