Current Affairs for July 6 And July 7, 2019
BANKING AND ECONOMY
CURRENT AFFAIRS VIDEO
- Union Cabinet decisions:
- Increased Minimum Support Price for common variety Kharif Crops to ₹1,815 per quintal for the 2019-20 season.
- Leased out 3 airports- Ahmedabad, Lucknowand Mangaluru of Airports Authority of India- through Public Private Partnership (PPP) to M/s. Adani Enterprises Ltd.
- Approved the Code on Wages Bill 2019.
Features of Code on Wages Bill 2019
It enables the Centre to fix a national minimum wages for the entire country.
It combines the Payment of Wages Act (1936), Minimum Wages Act (1948), Payment of Bonus Act (1965) and Equal Remuneration Act (1976) into one code.
Government has proposed to streamline 44 labour laws into a set of 4 labour codes out of which code on wages is one code.
4 proposed laws –Industrial Relations Code Bill, Wage Code Bill, Small Factories (Regulation of Employment and Conditions of Services) Bill, and Employees Provident Fund and Miscellaneous Provisions (Amendment) Bill that would deal with wages, social security and welfare, safety and industrial relations.
Centre will fix minimum wages for certain sectors, including railways and mines.
States can also set minimum wages for other category of employment.
The minimum wage should be revised in every 5 years.
- Approved the Surrogacy (Regulation) Bill, 2019 which aims to prohibit commercial surrogacy in India.
Aim: – Prohibits the exploitation of surrogate mothers and to protect the rights of children born through surrogacy.
It will establish a ‘National Surrogacy Board’ at the central level and ‘state surrogacy boards’ at states/UTs level.
228th report of Commission of India recommended to prohibit commercial surrogacy and to allow altruistic (for humanitarian reasons) surrogacy.
- Parliament passed the Central Educational Institutions (Reservation in Teachers’ Cadre) Bill, 2019″. [details of the bill is mentioned in June 8-15 document]
- Minister of State for Fisheries, Animal Husbandry and Dairying, Pratap Chandra Sarangi informed Lok Sabha that Kisan Credit Card (KCC) has been extended to fisheries and animal husbandry farmers to help them meet their working capital requirements.
- The credit limit for the existing KCC holders is Rs 3 lakh including animal husbandry and fisheries activities.
- A credit limit of Rs 2 lakh is set under KCC for animal husbandry and fisheries to meet their working capital requirements.
- 2% per annum subsidy on interest (and additional interest subsidy of 3% per annum in case of prompt repayment) will be given.
- The budget for drug de-addiction measures has been increased to Rs 135 crore from Rs 33 crore in 2014.
- It is provided to the National Drug Dependence Treatment Centre (NDDTC) for 2019-20.
- Drug peddlers will be imprisoned for 6 months to 15 years with imposition of fines.
- National Action Plan for Drug Demand Reduction (NAPDDR) for the period 2018-2025 has been prepared to tackle drug issue.
- Budget 2019: Under the Unnat Jyoti by Affordable LEDs for All (UJALA) Scheme, Rs 18,341 crore have been saved annually by distributing around 35 crore LED (Light Emitting Diode) bulbs.
- NITI Aayog’s “Agricultural Marketing and Farmer Friendly Reforms Index” 2019 was released which ranks states/UTs on 7 provisions proposed under the model Agricultural Produce Market Committee (APMC) Act, 2003.
- Maharashtra was ranked 1st followed by Gujarat and Rajasthan.
- Smriti Irani, Union Minister of Women and Child Development, mentioned that Gross Enrolment Ratio (GER) of girls in secondary education level has increased 80.29% in 2016-17 as against the 80.10 % in 2015-16.
- Sex Birth Ratio – Increased to 931 as against 923 during 2015-16 to 2018-19 at the national level.
- Morarji Desai National Institute Yoga (MDNIY) and Bureau of Police Research & Development (BPR&D) signed an MoU to organize Yoga education and training courses/programmes.
- Beneficiaries: – Police officials and Central Armed Police Forces (CAPFs) and their family members across the country will avail the benefits of this program.
- India’s first Design Development Center- “Fashionova” has been launched in Surat, Gujarat.
- Purpose: – To promote the fashion design sector and to provide assistance to all apparel businesses.
- Anupam Goyal is the founder of Fashionova Design Development Centre.
- Henley Passport Index 2019 shows India is at 86th position (with Visa-Free Entry Scores at 58) along with Mauritiana and Sao Tome and Principe.
- Japan and Singapore are at 1st spot among the 199 countries (for a second time).
- South Korea, Finland and Germany are at 2nd position followed by Denmark, Italy, and Luxembourg (at 3rd position).
- Afghanistan at the 109th place is last on the list with a score of just 25.
- National Association of Software and Services Companies (NASSCOM) and National Skill Development Corporation (NSDC) organized “World Skills India”- International Cloud Computing Challenge 2019 in July at NASSCOM Campus in New Delhi.
- India is the 2nd largest and fastest-growing cloud services market after China, according to NASSCOM.
- WorldSkills India (launched in 2011 by NSDC) provides a platform to youth and businesses to develop professional skills required for the 4th Industrial revolution.
- ISRO and Russian company- Glavkosmos (a Roscosmos subsidiary) signed a contract for training of Indian astronauts for ‘Gaganyaan’ mission.
- The work will be supported by the U A Gagarin Research & Test Cosmonaut Training Centre and Institute of Biomedical Problems of Russian Academy of Sciences.
- Gaganyaan mission to send human (including a woman) to space is set to be launched in Dec. 2021 at Rs 9,023-crore project.
- Uttar Pradesh launched a 24X7 toll-free ‘CM Helpline 1076’ to help people lodge complaints from anywhere in the state.
- It will establish a direct connection between the people and the CM’s Office.
- Over 9.5 crore individual household toilets have been built since 2014 under “Swachh Bharat Mission”.
- More than 99.2% of rural areas are under sanitation coverage.
- 5,61,014 villages (93.41%), 2,48,847 Gram Panchayats (96.20%)- 6,091 blocks (88.60%) and 618 districts (88.41%) have been declared Open Defecation Free.
- Two highways- of Delhi-Jaipur and Delhi-Agra are India’s first highways that will get charging stations for electric vehicles by March 2020.
- Delhi and Agra highway (Yamuna Expressway) and Delhi and Jaipur (NH-48) are 500 km long and 18 charging stations will be installed on them.
- Indian Army launched a song titled ‘Tujhe Bhulega Na Tera Hindustan’ (written by Bollywood lyricist Sameer) to commemorate martyrs of Operation Vijaya/ Kargil War of 1999.
- Delhi, Bengaluru, Mumbai, Kolkata, Chennai and Hyderabad are the most nitrogen-oxide (pollutant) producing states as per Greenpeace India (Environmental NGO).
- Reason: – They have high vehicular population and diesel consumption.
- The data was collected for the period of Feb 2018- May 2019.
- Hong Kong granted over $9 million ($7.032 million Hong Kong dollars) for victims of cyclone Fani in Odisha.
- Chhattisgarh CM Bhupesh Baghel inaugurated ‘Jan Choupal’ program in Raipur to discuss the issues of public in this gathering (it will be held once in a week).
- National Centre for Good Governance (NCGG), Uttarakhand will train 1,800 Bangladeshi civil servants between 2019-2025 as part of the MoU signed between India and Bangladesh in February 2019.
- NCGG is an institute under Department of Administrative Reforms and Public Grievances (DARPG).
- United States listed Balochistan Liberation Army (BLA) and Hezbollah operative Husain Ali Hazzima as Specially Designated Global Terrorists (SDGTs).
- Balochistan Liberation Army is based in Afghanistan.
- Hezbollah operative Husain Ali Hazzima is the intelligence branch of the Iranian–sponsored terrorist organization.
- Iraq’s Babylon city has been listed as the World Heritage Site by UNESCO.
BANKING AND ECONOMY
- Reliance Jio and Facebook have partnered to launch a digital literacy drive called ’Digital Udaan’ for the first-time users of internet in India.
- The program has audio-visual training in 10 regional languages and it is launched in nearly 200 locations.
- Punjab & Sind Bank set up the “Centralised MSME & Retail Group” (Cen-MARG)– a centralized hub- for efficiently processing retail and MSME loans in New Delhi.
- All MSME and retail credit approvals will be performed at this centralised set up.
- Tata Steel Kalinganagar (manufacturing plant) has become the first and the only Indian manufacturing plant to be included in the World Economic Forum’s Lighthouse Network.
- 10 new factories from across the world have been included in the list of erstwhile 16 factories.
- Ministry of Finance announced to give regulatory powers to RBI for regulating Housing Finance Firms (HFFs).
- Government will provide a one-time 6-month partial guarantee to nationalized banks for acquiring highly-rated assets from sound NBFCs.
- Ministry of Rural Development has given Rs 358 crore to Tripura for completion of half-done construction works and maintenance of roads in rural areas under Prime Minister Gramin Sadak Yojana.
- Government has fixed the price of Sovereign gold bonds at ₹3,443 per gram, with a discount of 1.45% (against the custom duty of 2.5%).
- Discount of Rs. 50 per gram will be given to those who apply and make payment online.
- Nalin Shinghal appointed as the Chairman and Managing Director of Bharat Heavy Electricals Ltd. (BHEL).
- B Harideesh Kumar appointed as director of Institute of Banking Personnel Selection (IBPS) for 3 years.
- International Day of Cooperatives is observed on the first Saturday of July (6th July this year) every year by UN.
- Theme for 2019:- “Coops 4 decent work”.
- Committee for the Promotion and Advancement of Cooperatives (COPAC) under UN and the International Cooperative Alliance set the theme for this day.
- World Zoonoses Day is observed on July 6 to raise awareness about the zoonotic diseases.
- It commemorates the invention of the first vaccines of rabies virus by Louis Pasteur in 1885.
- Zoonotic diseases spread from animals to humans and vice-versa.
- Football player Arjen Robben has announced retirement.
- Duttee Chand has become the first women to win the gold medal in 100m sprint at the Summer Universiade in Napoli, Italy.
- Elavenil Valarivan (from India) won silver medal in 10m Air Rifle event at this event.
COMPLETE UNION BUDGET 2019-20 HAS BEEN COVERED IN THIS VIDEO: –