NATIONAL
UPDATES:
1. Ashok Kumar Gupta appointed as the
chairman of Competition Commission of India : Former IAS
officer Ashok Kumar Gupta has been appointed as the chairperson of the
Competition Commission of India, according to an official communication. The
appointment would be till October 25, 2022 -- the date when he attains the age
of 65 years -- or until further orders, whichever is the earliest, it addedGupta
would replace acting chairperson Sudhir Mital
2. Digital
payment transactions jump to 244 cr in Aug 2018 : The number of
digital payment transactions in India touched 244.81 crore in August 2018, more
than three-fold rise from October 2016, underlining the massive adoption of
digital payment modes over the last two years.The statement by the Ministry of
Electronics and Information Technology said in New Delhi that New payment
modes, BHIM-UPI, AePS and NETC have transformed digital payment ecosystem by
increasing Person to Person (P2P) as well as Person to Merchant (P2M) payments.
INTERNATIONAL
UPDATES:
1. World Science Day
for Peace & Development being observed today : World Science Day for Peace &
Development celebrated every year on 10thThe day is observed to
highlights the important role of science in society and the need to engage the
wider public in debates on emerging scientific issues.It also underlines the
importance and relevance of science in our daily lives.The theme for 2018 is
“Science, a Human Right”, in celebration of the 70th anniversary of the
Universal Declaration of Human Rights and of the Recommendation on Science and
Scientific Researchers.
2. Vice President Inaugurates Indian War
Memorial in France : Vice President M Venkaiah Naidu
is on a three-day visit to France. He inaugurated Indian War Memorial at
Villers Guislain.Earlier the Vice President attended the Indian community
reception in Paris.The main ceremony at Arc de Triomphe monument in Paris was
presided over by the French President Emmanuel Macron.The Vice President also
met the Director-General of UNESCO, Audrey Azoulay.
3. Sri Lanka President Sirisena dissolves
parliament to pave way for an election : Sri Lankan
President Maithripala Sirisena on Friday dissolved parliament, paving the way
for an early general election in the country which is grappling with
unprecedented political crisis after the surprise sacking of Ranil
Wickremesinghe as Prime Minister and replacing him with Mahinda Rajapaksa.Sirisena
signed an official notification dismissing the 225-member assembly well ahead
of its August 2020 term expiry, state television reported.
OTHER
UPDATES:
DEFENCE:
1. SIMBEX 18 marks Silver Jubilee this Year : The 25th
edition of SIMBEX, an acronym for “Singapore-India Maritime Bilateral Exercise”
is scheduled from 10th to 21st November 2018 off Andaman Sea and Bay of Bengal.Bilateral
cooperation between Singapore and India was first formalised when RSN ships
began training with the Indian Navy in 1994.Both countries have a full calendar
of more than 20 bilateral mechanisms, dialogues and exercises, many of which
take place annually.
BANKING/FINANCE:
1. Reserve Bank of India plans payments ombudsman : The Reserve
Bank of India is likely to establish an ombudsman for digital payments by March
to take the load off the increasing number of complaints currently being
handled by the banking ombudsman.Given the rapid adoption of digital payments
across the country, RBI in its Annual Report for 2017-18 had said it was considering
a plan to establish a separate ombudsman to handle consumer complaints related
to digital transactions.
2. RBI relaxes ECB norms for infrastructure companies : The Reserve
Bank has liberalized the norms governing foreign borrowings for infrastructure
creation "in consultation with the Government".The minimum average
maturity requirement for ECBs (external commercial borrowings) in the
infrastructure space raised by eligible borrowers has been reduced to
three years from earlier five years, a notification said.
No comments:
Post a Comment