Current Affairs for July 4, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Union Cabinet has approved the proposal for granting Organised Group ”A” Service status to Group ”A” executive cadre officers of Central Armed Police Forces (CAPFs).
- It also extended the benefit of Non-Functional Financial Upgradation (NFFU) and Non-Functional Selection Grade (NFSG) at an enhanced rate of 30%.
- Prakash Javadekar (Minister of Information and Broadcasting) assessed the progress of National Film Heritage Mission (NFHM) during a visit to the National Film Archive of India (NFAI), Pune, Maharashtra.
|National Film Heritage Mission|
|Ministry||Ministry of Information and Broadcasting|
|Purpose||Preservation of the country’s Films|
- For the first time, India will host the International Cooperative Trade Fair (IICTF) at Pragati Maidan, Delhi in October.
- Purpose: To promote cooperative-to-cooperative trade and showcase India’s products and services from the sector to a global market.
- Rajasthan is going to set up a ‘Vedic education and culture board’ to aware future generations about Vedic culture, tradition and values.
- In Feb, Ministry of Human Resource Development had approved to create India’s first national school board for Vedic education, called the “Bharatiya Shiksha Board”.
- Ministry of Commerce and Industry will set up a “cooperative sector export-promotion forum” (CSEPF) to double the exports from Rs 2.75 lakh crore to about Rs 7 lakh crore by 2024-2025.
6.Minister of Minister of Electronics and Information & Technology- Ravi Shankar Prasad informed Lok Sabha that Data Protection bill is under formulation.
|Justice B N Srikrishna Committee|
|By||Ministry of Electronics and Information Technology|
To study the issues on data protection and frame Data Protection Bill
The committee has proposed the draft of ‘Personal Data Protection Bill 2018’
- National Green Tribunal had fined Meghalaya of Rs 100 crore for failing to curb illegal coal mining. The fine will be submitted to the Central Pollution Control Board (CPCB).
- Supreme Court directed the state to hand over the illegally extracted coal to Coal India Ltd. for auction of coal.
- Council of Scientific and Industrial Research (CSIR)-Centre for Cellular and Molecular Biology (CCMB) and Centre for DNA Fingerprinting and Diagnostics (CDFD) signed an MoU.
- Purpose: – To search out better ways for diagnosis and treatment of human genetic disorders to reduce the cases of genetic disorders in India.
- Minister of Railways Piyush Goyal has informed Lok Sabha that all Unmanned Level crossings in the broad-gauge network has been eliminated.
- Meaning: – Unmanned level crossing is a term for a road or any other pathway which intersects with a railway path and has no flagman or other safety measure to prevent crossing the path of an oncoming train.
- Ministry of Agriculture and Farmers Welfare has signed a Statement of Intent (SoI) with IBM India Private Limited.
- Aim: – To utilize Artificial Intelligence (AI) and weather technology in agriculture in 3 districts- (Nanded) Maharashtra, (Rajkot) Gujarat, (Bhopal) Madhya Pradesh in the Kharif season 2019.
- IBM’s Watson Decision Platform for Agriculture will provide information to farmers on weather forecast and soil moisture at free of cost basis.
- Buffalo Traders Welfare Association filed a petition against the Prevention of Cruelty to Animals 2017 rules claiming that the rules are promoting seizure of their cattle and transfer of their cattle to gaushalas.
- Jammu and Kashmir will host its first investor summit in Sept-Oct. 2019 in Srinagar (and a part in Jammu) to attract investment and counter perceptions about the State.
- Delhi government has launched the ‘Mukhyamantri Tirth Yatra Yojana’ to facilitate smooth pilgrimage for citizens above 60 years of age.
- Under it, the government will pay for pilgrimage of citizens (including their travel, stay, and food) to different places in India.
- Rajasthan had launched the ‘Baal Sabha’ program to conduct public gathering of the school students in villages, has now been extended to include elders of the villages.
- On the suggestions of elders, quality standards of schools will be set.
- Comptroller and Auditor General (CAG) audit report for 2013-18 on setting up small hydro projects on public-private partnership (PPP) basis, mentions that only 36.85 MW installed capacity was achieved as against the estimated installed capacity of 417.85 MW.
- Reason: – Improper planning and inadequate monitoring.
- National Green Tribunal (NGT) has ordered Gujarat to deposit ₹75 crore in an ESCROW account on reports of high level of air pollution in Ahmedabad.
- Kerala’s first high security state-of-the-art prison was launched at Viyyur district of Thissur in Kerala.
- Central government has decided to form an “inter-disciplinary, high quality” research team to find out the cause of acute encephalitis syndrome (AES) outbreak in Muzaffarpur, Bihar.
- UN Women’s report, “Progress of the world’s women 2019–2020: Families in a changing world”, shows the following results:
20. PM Samman Nidhi Yojana implementation so far:-
[DEATILED SCHEME IS COVERED IN GOVERNMENT SCHEME DOCUMENT]
- WHO has released its first guideline on self-care interventions for health titled as “WHO Consolidated Guideline on Self-Care Interventions for Health”.
- Its first volume focuses on sexual and reproductive health and rights.
- These guidelines aim to make individuals self-sufficient to cope up with disability and prevent diseases.
- Leonardo DiCaprio (Hollywood actor) along with Laurene Powell Jobs and Brian Sheth has decided to launch a new alliance called – “Earth Alliance” to tackle climate change.
- DiCaprio will transform its existing ‘Leonardo DiCaprio Foundation’ into Earth Alliance.
BANKING AND ECONOMY
- International Labour Organisation (ILO) released its report ‘Working on a Warmer Planet: The Impact of Heat Stress on Labour Productivity and Decent Work’ which mentions:
- Uttarakhand launched a new scheme called “One Time Settlement” scheme to recover Non- performing assets (NPAs) of co-operative banks that will be valid for 100 days-from July to October 2019.
- In the last 25 years, the NPA of cooperative banks has accrued to Rs 392 crore out of which around Rs 21 crore have been recovered.
- RBI formed a working group , headed by Tapan Ray, to review the ‘regulatory and supervisory framework’ for Core Investment Companies (CIC).
- CICs are the NBFCs which carry out the business of acquisition of shares and securities.
- CLP India is set to buy three power transmission assets from Kalpataru Power Transmission Ltd (KPTL) and Techno Electric Engineering for Rs 3,275 crores.
- Canada’s Brookfield Asset Management acquired a Mumbai real estate asset for ₹750 crore from Mars Enterprises and Hospitality Ltd (owned by Sanjay Narang).
- The rate of long- term capital gains tax (LTCG) and short-term capital gains tax (STCG) will be 14.25% and 21.37% respectively.
- Currently, the peak rate is 11.96 per cent and 17.94 per cent for LTCG and STCG, respectively.
- Comptroller General of Accounts report, shows that revenue from corporate and personal tax receipts was $11.25 trillion in FY19 (more than 12% growth from previously collected $10 trillion).
- The target was $12 trillion revenue collection for FY19.
- In the Interim budget Feb 2019, the target was $13.8 Trillion for FY19.
- Kerala extended the farm loan waiver debt limit to Rs 2 lakh from Rs 1 Lakh.
- Ursula von der Leyen has been nominated for the post of European Commission president by European Union (EU) (subject to approval by European Parliament).
- Rahul Gandhi resigned from the post of Congress President.
- World Vitiligo Day (WVD) is observed on June 25 to counter the misconceptions regarding thisskin disorder by creating awareness.
- Theme for 2019:- “The Quality of Life of a Vitiligo Patient”.
- Vitiligo is a skin disease which causes white patches on the skin due to lack of the skin pigment- melanin.
- WVD headquarters are in Hanoi, Vietnam.
- Quantela Company won the ‘Technology Pioneers’ award given by World Economic Forum.
- Reason: – It used their digital platform, Atlantis to provide optimum digital infrastructure information for cities and communities.
- Indian Cricketer Ambati Rayudu announced retirement from all forms of cricket.
- USA’s women’s team won the FIFA Women’s World Cup 2019 held in France.
- All India Football Federation (AIFF) has approved I-League to continue for two more years.
- Background: – AIFF was planning to give the status of National Football league to “Indian Super League” by seizing it from I-League.
- I-League (Hero I-League) is currently, India’s top football league of men.
- World Shotgun Championship 2019 is being held at Lonato Del Garda, Italy.
- Hero Women’s Pro Golf Tour is being held in Bengaluru.
- Cricketer Harman preet Kaur signed up for Lancashire Thunders (cricket club) for the 2nd consecutive season with the club in Kia Super League.
- Carlin Dunne (36 years), motorcycle racer passed away during the 97th Pikes Peak International Hill Climb after crashing his motorcycle.
- Lee Iacocca (Former Chrysler CEO) passed away at 94.
- He released two books: his autobiography –“Iacocca-An Autobiography” (1984) and “Talking Straight” (1988).
- Kelvin Cinema Festival of Films- a 3-day festival of short films will be held in Shillong, Meghalaya in November.
- It is named after Kelvin, one of the first cinema halls in the northeast (opened in 1926).