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).
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 1st 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 30th 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 23rd November,
2016 to 31st 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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