✅Kesavananda Bharati Case, 1973: In this case, Sc held that amending power of the Parliament is subject to basic features of the Constitution. ✅ Indira Gandhi Vs Raj Narain Case, 1975: The Doctrine of Basic Structure was reaffirmed. SC held that to adjudicate any dispute among the parties are purely judicial function and parliament cannot do this function even by using amending power under the constitution. ✅ Swaran Singh Case, 1998: The SC held that the pardon act of the governor to the convicted is unconstitutional.
Rajya Sabha chairperson Jagdeep Dhankhar said any incursion by the three organs of the government into each other’s domains has the potential to upset the governance apple cart and asserted that all should respect the “laxmanrekha”.
✅Kesavananda Bharati Case, 1973: In this case, Sc held that amending power of the Parliament is subject to basic features of the Constitution. ✅ Indira Gandhi Vs Raj Narain Case, 1975: The Doctrine of Basic Structure was reaffirmed. SC held that to adjudicate any dispute among the parties are purely judicial function and parliament cannot do this function even by using amending power under the constitution. ✅ Swaran Singh Case, 1998: The SC held that the pardon act of the governor to the convicted is unconstitutional.
Rajya Sabha chairperson Jagdeep Dhankhar said any incursion by the three organs of the government into each other’s domains has the potential to upset the governance apple cart and asserted that all should respect the “laxmanrekha”.
BY CSE EXAM ( UPSC prelims mains) CAPF
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Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
Start with a fresh view of investing strategy. The combination of risks and fads this quarter looks to be topping. That means the future is ready to move in.Likely, there will not be a wholesale shift. Company actions will aim to benefit from economic growth, inflationary pressures and a return of market-determined interest rates. In turn, all of that should drive the stock market and investment returns higher.
