News Reading Practice #58

(100 Day Challenge)


SC ORDERS SBI TO FURNISH POLL BOND DETAILS TODAY

■Apex court puts SBI on notice for 'willful disobedience'

RAKESH K. SINGH | DC
 NEW DELHI, MAR. 11 

In a huge setback to the State Bank of India (SBI), the Supreme Court on Monday junked its plea seeking an extension of time and ordered it to disclose the data of electoral bonds encashed by political parties to the Election Commission by close of business hours on March 12. 

A five-judge Constitution bench headed by Chief Justice of India D.Y. Chandrachud also directed the Election Commission to publish the details shared by the bank on its official website by 5 pm on March 15. 

The CJI-led bench, also comprising Justices Sanjiv Khanna, B.R. Gavai, J.B. Pardiwala, and Manoj Misra, put the SBI on notice that the apex court may be inclined to proceed against it for "wilful disobedience" of its February 15 verdict if the bank failed to comply with its directions and timelines. 

In a landmark verdict delivered on February 15, a five-judge Constitution bench had scrapped the Union government's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the EC of donors, the amount donated by them and the recipients by March 13. 

Ordering the forthwith closure of the scheme, the top court had last month directed the SBI, the authorised banker under the scheme, to submit by March 6 the details of the electoral bonds purchased since April 12, 2019, till date to the Election Commission.

 

The five-judge Constitution bench headed by Chief Justice of India D.Y. Chandrachud (centre) during hearing on the SBI's plea seeking more time to disclose electoral bonds in New Delhi on Monday. - PTI

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FURNISH: To provide or supply (information, details, etc.).(നൽകുà´•)

POLL BOND: A financial instrument used for political funding during elections.(ഇന്à´¤്യയിà´²െ à´°ാà´·്à´Ÿ്à´°ീà´¯ à´ªാർട്à´Ÿികൾക്à´•് ധനസഹാà´¯ം നൽകുà´¨്à´¨ à´’à´°ു à´®ാർഗം)

APEX: The highest point or part; in this context, refers to the Supreme Court.(à´¸ുà´ª്à´°ിം à´•ോà´Ÿà´¤ി)

WILFUL DISOBEDIENCE: Intentional failure to follow orders or directions.(മനഃà´ªൂർവമാà´¯ à´…à´¨ുസരണക്à´•േà´Ÿ്)

SETBACK: A reversal or check in progress; a disappointment or hindrance.(à´¤ിà´°ിà´š്à´šà´Ÿി)

JUNK: Rejected or discarded as without value or use.(തള്à´³ിà´•്കളഞ്à´žു)

PLEA: A request or appeal made in an urgent manner.(à´…à´ªേà´•്à´·)

EXTENSION: Additional time granted for a particular purpose or activity.(à´¨ീà´Ÿ്à´Ÿിà´•്à´•ൊà´Ÿുà´•്കൽ)

DISCLOSE: To make information known or reveal.(à´µെà´³ിà´ª്à´ªെà´Ÿുà´¤്à´¤ുà´•)

ENCASHED: Converted into cash, typically referring to financial instruments.(à´šെà´•്à´•ും മറ്à´±ും പണമാà´¯ി à´®ാà´±്à´±ുà´•)

COMPRISE: Including or consisting of; made up of.(ഉൾപ്à´ªെà´Ÿുà´¨്à´¨ു)

PUT ON NOTICE: Officially informed or warned about something.(à´¨ോà´Ÿ്à´Ÿീà´¸് നൽകി)

INCLINED: Willing or favorably disposed toward a particular course of action.(à´¤ാà´¤്പര്à´¯ം)

VERDICT: A formal decision or judgment made by a court.(à´µിà´§ി)

COMPLY: To adhere to or fulfill the requirements of something.(à´ªാà´²ിà´•്à´•ുà´¨്നതിൽ)

LANDMARK: A significant or pivotal point in a process or development.(à´¨ാà´´ിà´•à´•്à´•à´²്à´²ാà´¯)

SCRAPPED: Abolished or abandoned; put an end to.(റദ്à´¦ാà´•്à´•ി)

SCHEME: A plan or program of action designed to achieve a particular result.(പദ്ധതി)

ANONYMOUS: Without a known or disclosed identity.(à´…à´œ്à´žാà´¤)

UNCONSTITUTIONAL: Not in accordance with the principles or rules of a constitution.(ഭരണഘടനാ à´µിà´°ുà´¦്à´§ം)

FORTHWITH CLOSURE: Immediate and prompt termination or conclusion.(ഉടൻ à´…à´Ÿà´š്à´šുà´ªൂà´Ÿ്ടൽ)

AUTHORISED: Legally empowered or officially permitted.(à´…ംà´—ീà´•ൃതമാà´¯)

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