Current Affairs June 16 to June 24, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Ministry of Defence has constituted a committee to be headed by Sanjiv Mittal (Controller General of Defence Accounts) for One Rank One Pension (OROP) Scheme.
- Purpose: – To ensure effective implementation of the next revision of pension to over 25 lakh ex-servicemen and widows.
- OROP was implemented by the NDA-I government with effect from July 1, 2014, to provide pension to ex-servicemen.
- Periodic Labour Force Survey (PLFS), released by the (Ministry of Statistics and Program Implementation) depicts the overall Labour Force Participation Rate (LFPR), Workforce Participation Rate (WPR) and Unemployment Rate (UR) for July 2017- June 2018 as:
- Overall Female LFPR has fallen to 3% (highest fall was in Bihar).
- LFPR for women between 15-29 age fell by 8% to 4% between 2011-12 and 2017-18 (highest fall was between 30-39 years to be at 33.5%).
- According to ILO estimates, Indian women worked for 44.4 hours per week as against the 35-36 hours a day in developed countries.
- Remuneration: – Males earn 1.4 to 1.7 times extra than females in rural areas and in urban areas, men earned 1.2 to 1.3 times more than a woman.
- PM Narendra Modi set up agenda to make India a $5 trillion economy by 2024 and urged the states to increase their GDPs to 2 to 2.5 times, during the 5th meeting of the NITI Aayog’s governing council.
- PM Modi also held a meeting on the theme “Economic Policy – The Road Ahead” to discuss methods to make India a $5 trillion economy.
- Transforming Agriculture: Need For Structural Reforms With Special Emphasis On: Agriculture Produce Marketing Committee (APMC) Act and Essential Commodities Act (ECA), 1955was also discussed.
- Following state schemes for water were also appreciated for their achievements.
- 2nd Meeting of India-Italy Joint Working Group on Counter Terrorism was held in New Delhi.
- Indian Border Security force signed a joint record of discussion with Border Guard Bangladesh to reduce the killing incidents across borders to zero by increasing coordinated patrols.