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Prelim Bits 10-05-2017

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May 10, 2017

Kulbhushan Jadhav

  • Indian naval officer Kulbhushan Jadhav was awarded the death sentence by a Pakistan military court on charges of terrorism and spying.
  • International Court of Justice (ICJ) at The Hague has stayed his execution. In a petition to the ICJ, India had accused Pakistan of gross violation of international laws.
  • The ICJ is a part of the United Nations, and its judgments have binding force and are without appeal for the parties concerned.

Integrated Theatre Command

  • An integrated theatre command envisages a unified command of the three Services, under a single commander, for geographical theatres that are of security concern.
  • The commander of such a force will be able to bring to bear all resources at his disposal.
  • The Indian armed forces currently have 17 commands.
  • A committee appointed by the Defence Ministry has recommended creating 3 integrated theatre commands of the Indian armed forces — northern, western and southern — instead of the 17 in place currently.

Floating Rate Bond

  • A bond whose interest amount fluctuates in step with the market interest rates, or some other external measure is called Floating Rate Bond.
  • Price of floating rate bonds remains relatively stable because neither a capital gain nor a capital loss occurs as market interest rates go up or down.

Integrated Case Management Information System

  • The system will help litigants access data and retrieve information online.
  • It will be a step towards a paperless Supreme Court.
  • Digital filing of cases would make the judicial system “extremely transparent” and rule out any manipulation of records.
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