Oath of MPs
The newly elected Members of Parliament (MP) of the 18th Lok Sabha have started taking oath.
- Dealt under – Article 99 of the Constitution
- To be subscribed before – President or some person appointed by him.
- Forms of oath are provided in – 3rd Schedule.
- Article 104 – Provides a penalty for a member if he/she sits in the House without the oath.
- Exception to this rule – An individual can become a minister without being elected to Parliament and, he/she can take part in proceedings of the house (without having the power to vote).
- Oaths can be subscribed in – English or any of the 22 Scheduled languages.
Frontrunning
Recently, a Mutual Fund was alleged to have indulged in Front- Running.
- Usage of non-public information to directly or indirectly buy or sell securities, or enters into options or futures contracts, in advance of a substantial order.
- Illegal in India.
- Issue – Undermines confidence in the financial markets and creates an uneven playing field for other investors.
International Hydrographic Organisation
IHO celebrates World Hydrography Day (21 June every year) to raise awareness about hydrography.
- Intergovernmental organization that works to ensure all world’s seas, oceans and navigable waters are surveyed and charted.
- Function – Coordinates the activities of national hydrographic offices.
- IHO Secretariat has been hosted by – Principality of Monaco since its creation in 1921.
- Members – 100 Member States including India.
- Nodal agency for Hydrographic surveys and nautical charting in India – Indian Naval Hydrographic Department under Indian Navy
World Craft City
Srinagar has been recognised as a ‘World Craft City’ by World Crafts Council.
- Launched in – 2014
- Launched by – World Crafts Council
- Aim –
- To establish a dynamic network of craft cities across the globe, aligning with the principles of creative economy.
- Recognizes role of local authorities, craftspeople, and communities in cultural, economic, and social development worldwide.
Javelin
India and the US held discussions on the co-production of American javelin missiles in India, as per reports.
- World’s premier single man-portable medium-range anti-tank weapon system.
- Significance –
- Missile automatically guides itself to the target after launch (fire-and-forget principle) which allows the gunner to take cover and avoid counter fire.
- Can be safely fired from inside buildings or bunkers