Citizens' Issues
Ponder over passive euthanasia issue, SC tells government
New Delhi : The Supreme Court on Monday directed the government to consider the matter of passive euthanasia and made it clear that pendency in the apex court should not come in the way of authorities to take a decision on the matter.
 
The Centre earlier told the court to allow a public debate on passive euthanasia or "living will" by terminally ill patients not willing to prolong their lives by the use of life-support system instead of determining the issue judicially, as sought by non-governmental organisation Common Cause. 
 
Urging that the public debate on the contentious issue would be a better course, Additional Solicitor General P.S. Patwalia, appearing for the Centre, told an apex court bench of Justices Anil R. Dave, Kurian Joseph, Shiva Kirti Singh, A.K. Goel and R.F. Nariman that the law commission report was under examination of the health ministry.
 
Seeking deferment of court hearing till July, Patwalia told the constitution bench that once the health ministry examined the law commission report, the law ministry will draft the necessary law.
 
Even as NGO counsel Prashant Bhushan urged the court to consider the limited issue of a terminally ill patient executing a 'living will' as the right to die with dignity was a part of the right to life, Justice Kurian Joseph asked him if he wanted "judicial decisions or the people's decision".
 
Allowing the Centre's plea for more time, the bench adjourned the matter till July 20, observing that the government was considering the issues of passive euthanasia and living will.
 
The court made it clear that the matter's pendency before it should not come in the way of a decision by authorities who should go ahead with consideration of the issue. 
 
As Prashant Bhushan pointed to a long adjournment saying the petition was filed in 2005, the court said" "We are only giving a reasonable time."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Exports slump 13.6% in January

Non-petroleum exports also declined 10.6% to $19,116 million from $21,371 million year ago and 9.6% in 10 months to $1,92,408 million from 2,12,730 million

 

Exports declined 13.6% in January in dollar terms over the same month year ago, with no let-up in the last 13 months, the commerce ministry said in a statement on Monday.
 
"Exports valued at $21,076 million (Rs.1,41,738 crore) was 13.6% lower in dollar and 6.6 percent in rupee terms in January 2016 as against $24,394 million (Rs.1,51,791 crore) during January 2015," the statement said here.
 
In the first 10 months (April-January) of this fiscal (2015-16), cumulative export value plunged 17.7% in dollar and 12% in rupee to $.2,17,680 million (Rs.14,15,061 crore) from $2,64,323 million (Rs.16,09,886 crore) in like period year ago.
 
Non-petroleum exports also declined 10.6% to $19,116 million from $21,371 million year ago and 9.6% in 10 months to $1,92,408 million from 2,12,730 million.
 
Similarly, imports declined 11% in dollar and 3.9% in rupee to $28,715 million (Rs.1,93,112 crore) in January this year from $32,265 million (Rs.2,00,774 crore) in same month year ago.

 

Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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Negative interest rate comes into force in Japan

The measure, announced on January 29 by the BoJ, applies a negative interest rate of minus 0.1% to deposits that Japanese financial institutions place at the BoJ

 

The negative interest rate recently approved by the Bank of Japan (BoJ) for certain bank deposits, came into force on Tuesday, a historic measure intended to boost the growth of the world's third largest economy.
 
It is the first time that the benchmark rate falls into negative territory in Japan, after data on Monday showed a contraction in the gross domestic product (GDP) in the October-December quarter, showing the effects of a global deceleration on the Japanese economy, EFE news reported.
 
The measure, announced on January 29 by the BoJ, applies a negative interest rate of minus 0.1% to deposits that Japanese financial institutions place at the BoJ.
 
The decision, which penalises financial institutions for storing excess funds, aims to stimulate investment and credit and is meant to force a reduction of interest rates applied by banks -something which has already begun to translate into rebates for some deposits and mortgage rates.
 
Initially, the measure would affect roughly 10 trillion yen (about $88 billion) in bank funds, about 4 percent of all deposits at the BoJ.
 
Shortly after the announcement, the yield on Japanese 10-year bonds briefly slipped into negative territory for the first time in history, showing the first effects of the BoJ measures on banks which have opted for Japanese debt as a safe haven to mobilise their assets.

 

 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article

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