B2B of the day: European Union (EU), National Company Law Appellate Tribunal (NCLAT), Solar geoengineering

Here are 3 Back2Basics collections from today’s news items

B2B #1: From news- India-EU meeting in May to counter online radicalisation

European Union (EU)

  1. The European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe
  2. The Maastricht Treaty established the European Union in 1993 and introduced European citizenship
  3. The EU has developed an internal single market through a standardized system of laws that apply in all member states
  4. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development
  5. Within the Schengen Area, passport controls have been abolished
  6. The EU traces its origins from the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), established, respectively, by the 1951 Treaty of Paris and 1957 Treaty of Rome

B2B #2: From News- Google appeals against Competition Commission of India’s ‘search bias’ verdict
National Company Law Appellate Tribunal (NCLAT)

  1. National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1st June 2016
  2. NCLAT is also the Appellate Tribunal for hearing appeals against the orders passed by Insolvency and Bankruptcy Board of India under Section 202 and Section 211 of IBC
  3. NCLAT is also the Appellate Tribunal to hear and dispose of appeals against any direction issued or decision made or order passed by the Competition Commission of India (CCI)
  4. The President of the Tribunal and the chairperson and Judicial Members of the Appellate Tribunal shall be appointed after consultation with the Chief Justice of India

The Members of the Tribunal and the Technical Members of the Appellate Tribunal shall be appointed on the recommendation of a Selection Committee consisting of—

(a) Chief Justice of India or his nominee—Chairperson;

(b) a senior Judge of the Supreme Court or a Chief Justice of High Court— Member;

(c) Secretary in the Ministry of Corporate Affairs—Member;
(d) Secretary in the Ministry of Law and Justice—Member; and

(e) Secretary in the Department of Financial Services in the Ministry of Finance— Member

B2B #3: From News- Scientists study ways to dim sunshine, slow global warming

Solar geoengineering

  1. Solar radiation management (SRM or solar geoengineering) is a theoretical approach to reducing some of the impacts of climate change by reflecting a small amount of inbound sunlight back out into space
  2. It is in the early stages of research
  3. SRM would not directly reduce concentrations greenhouse gases
  4. Different SRM techniques have been proposed such as- Stratospheric aerosol injection, Marine cloud brightening
  5. Stratospheric aerosols might delay the regeneration of the ozone layer

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