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18 October Daily National & International Current Affairs

National

Oct 18: The ECP decided to randomly scrutinise annual statements of assets and liabilities submitted to it by the lawmakers.

Why Scrutiny?

Submission of details of assets and liabilities is a mandatory requirement under Section 42A of the Representation of the People Act (ROPA), 1976, and Section 25A of the Senate (Elections) Act, 1975. Members of the Senate, National Assembly and provincial assemblies are required to submit the details of assets and liabilities of their own, along with those of their spouses and dependents annually to the Commission by the thirtieth day of September each year

As per Section 42A (4) of the ROPA: “Where a member submits the statement of assets and liabilities under sub-section (1) which is found to be false in material particulars, he may be proceeded against under section 82 for committing the offence of corrupt practice.”

Section 82 of ROPA prescribes punishment of imprisonment for a term up to three years for a person guilty of corrupt practice.

Oct 18: The second International Conference of the Linguistic Association of Pakistan kicked off at University of the Punjab, Lahore.

Oct 18: The Center for Law and Democracy (CLD), a Canada-based research institute that issues rankings on transparency legislation in the world, termed Pakistan’s Right to Information (RTI) law, weakest in South Asia.

International

Oct 18: The BIMSTEC countries expressed commitment, through Leaders Retreat Outcome Document, to combat terrorism in all its forms and manifestations.

About BIMSTEC

  1. BIMSTEC stands for Bay of Bengal Initiative on Multi Sectoral Technical and Economic Cooperation.
  2. It is a sub-regional group of seven countries in South Asia and Southeast Asia lying in the littoral and adjacent areas of the Bay of Bengal.

Established: 6 June 1997 through the Bangkok Declaration

Headquarters: Dhaka, Bangladesh.

Member States: India, Nepal, Bangladesh, Bhutan, Sri Lanka (from South Asia) and Myanmar, Thailand (from South East Asia).

Oct 18: World Bank announced $2 billion in soft loans for Bangladesh to fight climate change.

Oct 18: India quietly completed its nuclear triad by inducting the indigenously built strategic nuclear submarine INS Arihant into service.

India is the fourth country to have a nuclear triad. Other countries having nuclear triad are Russia, United States and China.

What is Nuclear Triad?

The nuclear triad refers to a country’s ability to the capability delivering nuclear weapons by aircraft, ballistic missiles and submarine launched missiles.

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