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Central Government reconstitutes Eight key cabinet committees
On June 6, 2019, Under the Transaction of Business Rules, the Central Government has reconstituted eight key Cabinet Committees. These include -Appointments Committee, Committees on Accommodation, Economic Affairs, Parliamentary Affairs, Political Affairs, Security, Investment and Growth and Cabinet Committee on Employment and Skill Development.
- Appointments Committee of the Cabinet has Prime Minister. Shri Narendra Modi and Shri Amit Shah, Minister of Home Affairs.
- Cabinet Committee on Accommodation will have Shri Amit Shah (Minister of Home Affairs), Nitin Jairam Gadkari(Minister of Road Transport and Highways; Minister of Micro, Small & Medium Enterprises.) Smt. Nirmala Sitharaman, (Minister of Finance; Minister of Corporate Affairs) and Shri Piyush Goyal, (Minister of Railways, Minister of Commerce &Industry)………………………………………Click here to Read more
Health ministry chaired the meeting to review the status of the Revised National Tuberculosis Control Program (RNTCP) held in Delhi
On June 4, 2019, Union Minister for Health and Family Welfare, Dr.Harsh Vardhan held a high level meeting to review the status of the Revised National Tuberculosis Control Program (RNTCP) in New Delhi.
i. At the meeting, the ministry directed all the officials to take a necessary step as “Mission Mode” to eliminate TB (Tuberculosis).
ii. The mission includes all stakeholders to come together to make India free of tuberculosis by 2025.
iii. The ministry further suggested that innovative approaches should be taken to address TB. The slogan for TB-Free India is “TB Harega Desh Jitega“.
About Revised National Tuberculosis Control Program
i. The Government of India (GoI) launched the National TB Programme in 1962.
ii. The Revised National TB Control Programme (RNTCP), based on the internationally recommended Directly Observed Treatment Short-course (DOTS) strategy, was launched in 1997.
iii. It expanded across the country by 2006.
iv. In 2007, GoI introduced the Programmatic Management of Drug Resistant TB (PMDT) to combat drug resistance and achieved full geographical coverage by 2013.
Agreement between India and Marshall Islands for Exchange of Information notified
The Agreement between the Government of India and the Government of the Marshall Islands for the Exchange of Information with respect to taxes was signed on 18th March, 2016 at Majuro, the Republic of the Marshall Islands. The Indian-Marshall Tax Information Exchange Agreement (TIEA) was notified to the gazette of India.
i. The agreement provides a framework for the exchange of Information in tax matters which helps in tax evasion and tax avoidance.
ii. It provides information like banking and ownership between two countries for tax purposes.
About Marshall Islands:
♦ Capital – Majuro
♦ Currency – United States Dollar
♦ President – Hilda Cathy Heine
♦ Prime Minister – Stefan Löfven
Mumbai ranked most congested city in the world, Delhi ranked 4th: Traffic Index 2018
On June 5, 2019, The recent study “Traffic Index 2018”, analysis of the current status of traffic mobility was conducted by location technology specialist TomTom.
i. According to the findings, Mumbai is the most traffic-congested city among 403 cities in 56 countries with a congestion level of 65 percent, while New Delhi ranked fourth with congestion of 58 percent.
ii. The other top cities in the list of congested cities are Bogota (63 percent), Lima in Peru (58 percent), Moscow in Russia(56 Percent), Brussels (37 Percent), London (37 Percent) and Paris (36 percent).
iii. Top five most congested North American are in the list are Mexico City (52 per cent), Los Angeles (41 per cent), Vancouver (38 per cent), New York (36 per cent) and San Francisco (34 per cent).
BANKING & FINANCE
Second Bi-Monthly Monetary Policy of RBI 2019-20
The Reserve Bank of India (RBI) announced its second Bi-Monthly Monetary Policy Rates for 2019-20 in Mumbai on June 6, 2019. The three-day policy review meeting by the six members of Monetary Policy Committee (MPC) was headed by RBI Governor Shaktikanta Das with the members Dr Chetan Ghate, Dr Pami Dua, Dr Ravindra H. Dholakia, Dr Michael Debabrata Patra, Dr Viral V Acharya.
Highlights of the meeting:
In a rare 6-0 majority, Repo rate was reduced by 25 bps under the liquidity adjustment facility (LAF) to 5.75 percent for third time in a row. It fell below 6% for the first time in 9 years since September 2010……………………………….Click here to Read more
Current Policy rates:
|Reserve Repo Rate||5.50|
|Marginal Standing Facility(MSF) Rate||6.0%|
RBI releases report on Benchmarking India’s Payment Systems
On June 4, 2019, The Reserve Bank of India (RBI) released a report on “Benchmarking India’s Payment Systems”. It provides a comparative position of the payment system ecosystem in India.
- RBI had undertaken an exercise of benchmarking India’s Payment’s system compared to the payment systems of advanced economies, Asian economies and the BRICS nations.
- The analysis was conducted under 41 indicators. It covered 21 broad areas including regulation, oversight, payment systems, payment instruments, payment infrastructure, utility payments, Government payments, customer protection and grievance redressal, securities settlement and clearing systems and cross border personal remittances…………………………………….Click here to Read more
RBI removed charges for RTGS and NEFT transactions
The Reserve Bank of India(RBI) has removed the charges levied on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) transactions to boost digital payments.
i. At present, the banks levy minimum charges for transactions done through RTGS system for large-value (Rs 2 lakh and above) instantaneous fund transfers and NEFT System for other fund transfers (below Rs 2 lakh).
ii. The RBI has decided to set up a committee headed by Chief Executive Officer(CEO) of Indian Banks Association(IBA), V.G. Kannan, to examine the scope of Automated Teller Machines(ATM) charges and fees. The committee is supposed to submit its recommendations within two months of its first meeting and the composition & terms of reference will be issued within a week.
RTGS is the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time; ‘Gross Settlement’ means the settlement of funds transfer instructions occurs individually. The minimum amount to be remitted through RTGS is Rs 2 lakh. There is no upper ceiling for RTGS transactions.
Under this Scheme, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an account with any other bank branch in the country participating in the Scheme.
As per the RBI website, the structure of charges that can be levied on the customer for NEFT is given below:
♦ Inward transactions at destination bank branches (for credit to beneficiary accounts): Free, no charges to be levied on beneficiaries
♦ Outward transactions at originating bank branches – charges applicable for the remitter
- For transactions up to Rs 10,000 : not exceeding Rs 2.50 (+ Applicable GST)
- For transactions above Rs 10,000 up to Rs 1 lakh: not exceeding Rs 5 (+ Applicable GST)
- For transactions above Rs 1 lakh and up to Rs 2 lakhs: not exceeding Rs 15 (+ Applicable GST)
- For transactions above Rs 2 lakhs: not exceeding Rs 25 (+ Applicable GST)
Ashok Leyland partnered with Suryoday Small Finance Bank for vehicle loans
On June 4, 2019, Ashok Leyland, Hinduja Group flagship firm, partnered with Suryoday Small Finance Bank to provide vehicle loans.
i. Under this partnership, Suryoday Small Finance Bank will provide end-to-end financial solutions to the customers of Ashok Leyland for auto loans across India.
ii. The strategic financing partnership agreement was signed for 3 years.
BUSINESS & ECONOMY
CII Unveiled New Index To Measure Fiscal Performance
Confederation of Indian Industry (CII) has launched a new Index to measure fiscal performance titled ‘Fiscal Performance Index’(FPI). It uses multiple indicators to assess the quality of budgets presented by the Centre and state governments.
- FPI has been constructed using the United Nations Development Programme’s (UNDP) Human Development Index methodology. It comprises of 6 components.
- As per the new index, expenditure on infrastructure, education, healthcare and other social sectors are considered to be beneficial for economic growth. In addition, tax revenues are considered as sustainable sources of revenue for the government against the one-time income sources………………………..Click here to Read more
Delhi Metro is India’s first project to receive power from waste-to-energy
Delhi Metro became India’s the first ever project to receive power from a waste-to-energy plant. The Delhi Metro Rail Corporation (DMRC) started receiving 2 MW power from a 12 MW capacity waste-to-energy plant set up in Ghazipur, Uttar Pradesh.
i. Since June, DMRC received the power from the facility, utilized at the Vinod Nagar Receiving Sub-station (RSS) to meet the operational requirements of Pink Line of Delhi Metro.
ii. It will use approximately 17.5 million units per annum from the plant.
iii. The waste-to-energy plant was set up by East Delhi Waste Processing Company Limited (EDWPCL). It is based on a Public Private Partnership (PPP) between the Delhi government and East Delhi Municipal Corporation (EDMC).
iv. It is set up to process above 1,500 tonnes per day (TPD) of waste and generate 12 MW of green power. Along with this, it will help to reduce over 8 million tons of Greenhouse Gases (GHG) over the life of the project.
v. DMRC has also commissioned a facility at Rohini on PPP model with IL&FS Environmental Infrastructure & Services Ltd (IEISL) for recycling of Construction and Demolition (C&D) waste with a capacity of 150 tons per day.
AWARDS & RECOGNITIONS
Gajendra Singh Shekhawat, Jal Shakti Minister, presented awards to the winners of Ganga Quest 2019
- On June 5, 2019, In an event organized by National Mission for Clean Ganga (NMCG) to celebrate World Environment Day 2019, Union Minister for Jal Shakti, Shri Gajendra Singh Shekhawat, presented the awards to the winners of Ganga Quest 2019, a month-long online quiz organized for awareness and knowledge dissemination about river Ganga in the presence of Shri U.P. Singh, Secretary, and Shri Rajiv Ranjan Mishra, Director General, NMCG along with other senior officials of the ministry.
- An Agreement was signed for Howrah, Bally and Baranagar & Kamarhati STP projects under Hybrid Annuity based Public-Private Partnership(PPP) mode for West Bengal. It is the first project awarded in West Bengal under the concept of One City One Operator through Hybrid Annuity based PPP mode……………………………Click here to Read more
Jay-Z is the World’s 1st Billionaire Rapper as per Forbes Magazine
As per Forbes Magazine, Jay-Z, whose real name is Sean Carter, was named as World’s 1st Billionaire Rapper. The 49 years older rapper, husband of the singer Beyonce, has a wealth of $1bn (£800m).
i. Forbes has estimated the wealth by adding various assets and then “subtracting a healthy amount to account for a superstar lifestyle”.
ii. He was born on December 4, 1969, in Brooklyn, New York, US.
iii. He made his debut in 1996 through the album “Reasonable Doubt”.
APPOINTMENTS & RESIGNS
P Jayadevan Appointed as IOCL Executive Director for Tamil Nadu and Puducherry
P Jayadevan has been appointed as the executive director of Indian Oil Corporation Ltd for Tamil Nadu and Puducherry succeeding R Sitharthan. He will be coordinating the oil company.
i. He was previously heading Chairman’s Secretariat at the corporate office, New Delhi. Prime Minister’s Aadhaar Excellence Award was awarded to him for his contribution.
♦ Headquarters – New Delhi
♦ Chairman – Sanjiv Singh
BSF Officer S S Chahar Posted As BSF Academy Head
S S Chahar, 1983-batch BSF-cadre officer is appointed as an Additional Director General (ADG) of the Border Security Force (BSF)’s academy based in Tekanpur, Madhya Pradesh till 2021. He hails from Agra and 13th person to be elevated to this post. He has received honors like the Vishisht Seva Medal (VSM) and police medals for meritorious and distinguished services.
♦ Headquarters – New Delhi
Tijjani Muhammad-Bande elected as UNGA President
Nigeria’s Ambassador to the UN Tijjani Muhammad-Bande was elected as the President for the 74th session of United Nations General Assembly (UNGA). He will be succeeding Maria Fernanda Espinosa.
i. He is the second Nigerian UNGA president after Joseph Nanven Garba.
ii. He stated that the major priorities will be the implementation of the existing mandates and the 2030 Agenda with particular focus on peace and security, poverty and education, zero hunger, quality education, climate action.
♦ Headquarters – New York
♦ Parent Organization – United Nations
Gianni Infantino re-elected as FIFA President
Swiss–Italian football administrator Gianni Infantino has been re-elected as President of Federation Internationale de Football Association (FIFA), a global governing body of football till 2023.
About Giannni Infantino:
i. He is a Lawyer from Valais region of Switzerland and holds Italian Nationality.
ii. He was elected President of FIFA in 2016.
iii. Prior to becoming FIFA President, he was the General Secretary of UEFA (Union of European Football Associations) since 2009.
♦ Headquarter: Zurich, Switzerland.
♦ FIFA (Federation of International Football Association) is the governing body of association football, futsal and Beach Football.
♦ Currently, there are 211 countries that have FIFA membership.
SCIENCE & TECHNOLOGY
Indian Navy successfully conducted ‘live mating’ of submarine rescue system DSRV
On June 2, 2019, The Deep Submergence Rescue Vehicle (DSRV) based at Visakhapatnam, successfully conducted the live mating exercise. It involved the transfer of personnel from the bottomed submarine, INS Sindhudhvaj. It was inducted into the Navy by the former Chief of the Naval Staff, Admiral Sunil Lanba in December 2018.
i. The live mating exercise is a historic achievement towards DSRV integration into the Indian Navy. It paved way for the Indian Navy to emerge as a Submarine Rescue Provider in the Indian Ocean Region (IOR).
ii. The DSRV is equipped with sophisticated radar and a remotely operated vehicle (ROV).
iii. It is operated by a crew of three and can rescue 14 personnel from a disabled submarine at one time.
About Indian Navy:
♦ Chief of the Naval Staff: Admiral Karambir Singh
♦ Navy Day: 4th December
♦ Motto: Sham No Varunah (May the Lord of the water be auspicious unto us)
Google map launched new public transport features in India
On June 5, 2019, A web mapping service, Google map launched three India-First features targeted at Public transport users to access public transport quickly and easily. It stated that Google map users now can see the bus travel times from live traffic data across 10 cities, get to know the real-time train status on the platform as well as get commute suggestions that combine public transport and auto-rickshaws.
i. The 10 cities are Delhi, Bangalore, Mumbai, Hyderabad, Pune, Lucknow, Chennai, Mysore, Coimbatore, and Surat.
New species of dung beetle “Enoplotrupes tawangensis” found in Tawang, Arunachal Pradesh
New species of dung beetle Enoplotrupes tawangensis was found in Tawang district of Arunachal Pradesh. It is shining dark blue in colour and bigger than most of the dung beetles. It measured up to 27 mm. The details has been published in an international journal Oriental Insects.
i. The specimens were first collected and examined by two scientists from the Zoological Survey of India (ZSI) – Kailash Chandra and Devanshu Gupta.
ii. Dung beetles belong to superfamily Scarabaeoidea and have clubbed antennae and pro-tibiae (pro-legs) modified for burrowing dung inside the soil. They are referred to as little recyclers as they help in nutrient cycling of the soil.
Indian junior women Hockey team clinched Cantor Fitzgerald U21 by beating Ireland
On June 4, 2019, Indian Junior Women Hockey team clinched Cantor Fitzgerald U21 International 4-Nations title by beating Ireland 1-0 in the final.
i. The match was held at Dublin, Ireland.
ii. Mumtaz Khan is the highest goal scorer of this tournament.
iii. Gagandeep’s goal made the difference between the two sides, as India got 1-0 and took the title.
Dr. Patricia Bath inventor of Cataract treatment passes away at the age of 76
Dr. Patricia Bath, pioneering ophthalmologist the first African American female doctor to invented a more precise treatment for cataracts died at the age of 76 due to cancer at University of California San Francisco medical center. She was from Harlem in New York City. Bath has five U.S. patents. She also authored more than 100 papers.
‘Czar of Indian Cuisine’ Jaspal Inder Singh Kalra died at 71
Jaspal Inder Singh Kalra known as Jiggs Kalra, celebrated chef and culinary revivalist passed away at the age of 71 in New Delhi. He has many titles like “Czar of Indian Cuisine” and “Tastemaker to the Nation”. The Government of India named him as an advisor to the India Trade Promotion Organization in 1997. He was born in May 21, 1948 in New Delhi.
i. He was the first Asian to be inducted in the International Food and Beverage Gourmet Hall of Fame. Also, he was the first to conceptualize and host an Indian food based television series.
ii. He was an author of 11 titles on Indian cuisine, including ‘Prashad,’ which is regarded as “the bible” for chefs.
Maharana Pratap Jayanti observed on June 6th, 2019
The birth anniversary of Maharana Pratap Singh, a Rajput king of Mewar is celebrated as Maharana Pratap Jayanti on June 6th. He is renowned as a true patriot who commenced the first war of independence. The year 2019 commemorated the 479th birth anniversary of the great warrior. He was the 13th Rajput king of Mewar, a province in modern-day Rajasthan.
Haryana cabinet approved changes in state job recruitment rules
On June 4, 2019, the Haryana government Cabinet meeting chaired by the Chief Minister Manohar Lal Khattar, relaxed the state job recruitment rules in Group B posts such as teachers and educational supervisors and Group C, D posts.
i. As per the amendment, selection of the candidates will be purely based on the written exam, socio-economic criteria, and experience.
ii. The total marks for the post comprise 100 marks, including 90 for written exam and 10 for socio-economic criteria and experience.
iii. The cabinet decided to grant five extra marks for the first time candidates taking police exam and also decided to give 10 percent extra marks to widows, orphans and people from denotified tribes, besides those who do not have an immediate family member in any government job.
iv. The cabinet also approved the amendment in Haryana Development and Panchayats Department (Group C) Field Officers Rules, 2012. As per this amendment, the educational qualification for the post of ‘gram sachiv’ (village assistant) changed from matriculation to graduation.
Governor: Satyadev Narayan Arya
Chief minister: Manohar Lal Khattar
Madya Pradesh Cabinet passed a resolution to increase reservation for OBCs to 27%
On June 3, 2019, The Cabinet of Madya Pradesh (MP) State Government passed the resolution to increase the reservation quota for OBC (Other Backward Class) from the current 14 percent to 27 Percent. The resolution will be taken in the monsoon session of the state assembly.
i. If this resolution implemented, Madhya Pradesh will become the only state in the country to have a 27 percent quota for OBCs.
ii. The move will breach the 50% cap set by the Supreme Court in the Indra Sawhney case judgment by reaching to 63%. The MP government passed an Ordinance on March 9 to implement the quota. However, the Madhya Pradesh High Court had stayed the Ordinance on March 19.
iii. In another decision, the state Cabinet has also hiked the dearness allowance (DA) by 3% for employees and pensioners. Now, they will get 12% DA equal to the central government. It will cost the state exchequer Rs 1,647 crore.
About Madya Pradesh:
Chief minister: Kamal Nath
Governor: Anandiben Patel
Justice Prashant Kumar Appointed as Acting Chief Justice Jharkhand High Court
Justice Prashant Kumar, judge of Jharkhand High Court, is appointed as the Acting Chief Justice of the Jharkhand High Court following the appointment of the present Acting Chief Justice Dhirubhai Naranbhai Patel as the Chief Justice of Delhi High Court. The appointment has been made by Article 223 of the Constitution of India.
i. The former Chief Justice of Jharkhand HC Aniruddha Bose was appointed as Supreme Court judge on May 22.
♦ Capital – Ranchi
♦ Chief Minister – Raghubar Das
♦ Governor – Draupadi Murmu
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