Sarat Chandra IAS Academy

Important Terms in 5th August-2020 News

 

H1B visa

  • The H-1B visa category covers individuals who work in a specialised occupation, engage in cooperative research and development projects administered by the US Department of Defense or fashion models that have national or international acclaim and recognition.
  • The H-1B is most well known as a visa for skilled tech workers, health care and media also use these visas.

Financial Action Task Force ( FATF )

  • The FATF is an inter-governmental body that works to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
  • A country is put on the grey list when it fails to curb terrorism financing and money laundering.
  • Putting a country on the blacklist means shutting all doors to international finance for that country.

Central Bureau of Investigation ( CBI )

  • Central Bureau of Investigation (CBI) is the premier investigating police agency in India.
  • It functions under the superintendence of the Department of Personnel, Ministry of Personnel, Pension & Public Grievances, and Government of India – which falls under the prime minister’s office.
  • However for investigations of offences under the Prevention of Corruption Act, its superintendence vests with the Central Vigilance Commission.
  • It is also the nodal police agency in India which coordinates investigation on behalf of Interpol Member countries.

Zero FIR

  • Zero-FIR means that a FIR can be filed in any police station (i.e.: irrespective of place of incident/jurisdiction) and the same can be later transferred to the appropriate police station.

Public interest Litigation ( PIL )

  • Public interest Litigation (PIL) means litigation filed in a court of law, for the protection of “Public Interest”, such as Pollution, Terrorism, Road safety, Constructional hazards etc.
  • Any matter where the interest of public at large is affected can be redressed by filing a Public Interest Litigation in a court of law.
  • Public interest litigation is not defined in any statute or in any act.
  • It has been interpreted by judges to consider the intent of public at large.

 

 

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