Daily GK Updates : 1st April, 2017

­NATIONAL UPDATES:

1. India becomes associate member of IEA: India, world’s 3rd largest energy consumer has joined International Energy Association (IAE) as associate member. India will also now have a greater say in global energy issues. With India as a associate member, IEA now formally covers 70% of the world’s energy consumption, thus increasing its relevance.

2. Cabinet approves ratification of 2 ILO conventions on prohibiting child labour: The Union Cabinet has given its approval for ratification of two fundamental conventions of International Labour Organization (ILO) concerning with Child Labour. They are Minimum Age Convention (No 138) and Worst Forms of Child Labour Convention (No 182). Now these conventions will be legally binding.

3. Barmer-Munawab, Pipad Road-Bilara rail routes declared as Green Corridors: The North Western Railway has declared the Barmer-Munawab and Pipad Road-Bilara rail routes in Rajasthan as Green Corridors. With this total number of green corridors has increased to five. The 114-km-long Manamadurai– Rameswaram stretch of Southern Railway was India’s first ‘Green corridor’. Okha-Kanalus and Porbandar-Wasjaliya railway sections of Gujarat also have been declared green corridors.

4. CCEA approves amendments in Mega Power Policy 2009: The Cabinet Committee on Economic Affairs (CCEA) has approved amendments in the Mega Power Policy, 2009 to push 31 GW stranded projects entailing an investment of Rs 1.5 lakh crore. The initiative mainly aims at bringing down power tariff for making electricity more affordable and achieving the ambitious goal of 24X7 power for all.

5. CCEA allows unrestricted export of all certified organic agricultural products: The Cabinet Committee on Economic Affairs (CCEA) has approved removal of all quantitative ceilings on individual organic products and allowed unrestricted exports of all organic and organic processed products. The removal of quantitative ceilings will be irrespective of any existing or future restriction/prohibition on the export of their basic product (non-organic). However, in respect of organic pulses and lentils, the quantitative ceiling on exports will continue but enhanced from the existing 10,000 MT per annum (MTPA) to 50,000 MTPA. in view of their acute shortage in the country.

6. CCEA approves amendment to New Urea Policy-2015: The Cabinet Committee on Economic Affairs (CCEA) has given its approval for amendment in Para 5 of New Urea Policy (NUP), 2015. The amendment is related to the production beyond Re-Assessed Capacity (RAC) and inclusion of Para 8 in NUP 2015 to protect the production beyond RAC by urea units and boost indigenous urea production in the country. 

7. Government launched two mobile apps- echallan and mParivahan: The government has launched two mobile apps, echallan and mParivahan, that provide access to various services and information, and enable citizens to report any traffic violation or road accident. 'eChallan' is an integrated enforcement solution to manage traffic violations. 'mParivahan' is an empowering app for the citizen which provides access to various services, information and utilities related to the transport sector.

8.  Vanaja N. Sarna - New Chairperson of CBEC: Vanaja N. Sarna (Internal Revenue Service:1980) has been appointed as the Chairman of Central Board of Excise and Customs (CBEC). She has replaced Najib Shah. Sarna has served Central Board of Excise and Customs (CBEC) in several capacities over the last 36 years.

9.  IIT-Madras signs MoU with Indian Army: The Indian Army has entered into a Memorandum of Understanding with the Indian Institute of Technology Madras (IIT-M). The objective of the agreement is to identify and enhance the critical technological areas that can be enhanced in the armed forces.

10. Govt decides to liberalize e-visa regime from existing 30 days to 4 months: Today, India has decided to liberalize e-visa regime by increasing the time limit for seeking the entry permit from existing 30 days to a maximum of four months. The duration of stay for foreigners, coming into the country through select categories of e-visa, has also been extended to two months.  The liberalization of the visa regime will considerably facilitate entry of foreigners into India for tourism, business, and medical purposes. Under the new simplified visa regime, three new sub-categories (e-tourist visa, e-business visa, and e-medical visa) for grant of e-visa.

INTERNATIONAL UPDATES:

1.  Mega-conference of world parliamentarians begins in Dhaka: Today, Prime Minister of Bangladesh Sheikh Hasina has inaugurated the 4-day mega Conference of world parliamentarians in Dhaka. She has also released a commemorative stamp and launch the IPU web television. Around 687 members of 131 national parliaments around the world are participating in the conference. The conference promising to focus on ways and means to end political & economic inequality and uphold democracy and human rights. The Conference will also adopt a resolution to guarantee the financial inclusion of women as drivers of development.

2. Japan commits 371 bn yen assistance for infra projects in India: Japan has committed an 'Official Development Assistance' (ODA) of 371.345 billion yen (about Rs 21,590 crore) under 2016-2017 for various infrastructure projects, including the dedicated freight corridor, in India. The notes in this regard were exchanged in New Delhi between S Selvakumar, Joint Secretary, Department of Economic Affairs and Kenji Hiramatsu, Ambassador of Japan to India.

3. Radhamohan Singh to inaugurate International center for Foot and Mouth Disease: Today, the Union Agriculture Minister 'Radha Mohan Singh' has inaugurated an International research centre for Foot and Mouth disease of cattle and buffalos at Argul,(Khurda district) Odisha. The research center has been constructed in joint collaboration of UN’s Food and Agriculture Organisation & Indian Council of Agricultural Research to conduct research on the viral disease of cattle and buffaloes. The research center has the facility for safe handling and storage of live Foot and Mouth disease virus that essentially is required for control of the disease. This center will also serve as a regional resource laboratory for countries of the South Asian Association for Regional Cooperation (SAARC).

                       OTHER UPDATES:

BUSINESS & FINANCE:

1. RBI to set up separate Enforcement department: The Reserve Bank of India (RBI) will set up a separate enforcement department to monitor banks in case they violate regulations. The Enforcement Department will start operations from 1^st April, 2017. The department will develop a broad policy for enforcement and initiate action against the regulated entities for violation consistent with such policy.

2. Withdrawal of service charge on e-tickets of train extended till 30th June: According to Railway ministry, the withdrawal of service charge on online booking of train tickets has been extended upto 30^th June 2017 to promote the use of digital modes of payment. Earlier, the union government had decided to give incentive to the passengers for booking tickets online by withdrawing service charge on them from 23^rd November, 2016 to 31^st March, 2017.

3. India signs First Loan Agreement with New Development Bank: India has signed a loan agreement with the New Development Bank (NDB) for USD 350 million funding for a project involving development and up gradation of major district roads (approx 1,500 km) in Madhya Pradesh. The objective of the project is to up gradation of major district roads in the state to improve connectivity with the national and state highway networks. This is the first loan agreement for the New Development Bank assisted project in India.

4. Karnataka Bank & SBI Card launch co-branded credit card: The Karnataka Bank Limited and SBI Card have launched co-branded credit cards ‘Karnataka Bank Platinum SBI Card’ and ‘Karnataka Bank SimplySAVE SBI Card’ for the customers of Karnataka Bank.‘Karnataka Bank Platinum SBI Card’ has been designed keeping in mind the premium customers, offers features in line with their lifestyle and spending patterns. ‘Karnataka Bank SimplySAVE SBI Card’ is aimed at value-conscious consumers and offers rewards and features that enable customers to maximise their savings on their regular spends.

 

HONOURS & AWARDS:

5. Awards for Transformation Leadership: Chandrababu Naidu selected for US-Business Council award of  "Transformative Chief Minister." The electronics and IT secretary Aruna Sundarrajan would also receive Transformation leadership awards at the Summit.

6. 'Barmer-Munawab' & 'Pipad Road-Bilara' rail routes declared as Green Corridors: The North-Western Railway has declared the ‘Barmer-Munawab (119 km)’ and ‘Pipad Road-Bilara (41 km)’ in Rajasthan, rail routes as Green Corridors. The trains in the section have been equipped with bio-toilets to ensure zero discharge of human waste on the rail tracks under the ‘Swachh Rail-Swachh Bharat’ initiative. Now, the total number of green corridors has increased to three.

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