Weekly Current Affairs 1st To 7th September 2019

Weekly Current Affairs 1st To 7th September 2019

National News

Motor Vehicle (Amendment) Act, 2019

  • A penalty of Rs 500 would be imposed for traffic violations in place of Rs 100 earlier.
  • Rs 2000 in place of Rs 500 (earlier) would be imposed on the disobedience of orders of authorities.

Meity tied up with Google to “Build for Digital India”

  • The programme is launched to give a platform to the engineering students to develop technology-based solutions to solve social problems.
  • Engineering Students would be called to apply and join the programme and they can take part in both online and offline learning.

KVIC Launches ‘Terracotta Grinder’

  • The ‘Terracotta Grinder’ is the first-ever machine launched to grind the wasted pottery items for reusing them in pottery making.
  • It requires mixing of only 20% of the terracotta powder with the clay to make a saving of Rs 520.

India announced $22 million to GFTAM

  • This is the 6th replenishment cycle (2020-22) of the GFTAM, and India has increased its contribution by 10% over its 5th cycle contribution.
  • The Global Fund has allocated $500 million to India in the current funding cycle (2018-21).

“Eat Right India Movement”

  • The ‘Eat Right India Movement’ of Food Safety and Standards Authority of India (FSSAI) was launched with a new logo and tagline ‘Sahi Bhojan, Behtar Jeevan’.
  • To avoid the harmful effects of reused cooking oil, FSSAI has prescribed a limit for Total Polar Compounds (TPC) at 25% in cooking oil.

Govt urged CPSEs to boost Capital Expenditure

  • Finance Ministry has urged Central Public Sector Enterprises (CPSEs) to boost their capital expenditure during the current FY 2019-20.
  • The Centre has budgeted Rs 3.38-lakh crore for capital expenditure for the FY 2019-20.

Annual Kaushalacharya Awards launched by MSDE

  • The “Kaushalacharya award” is launched under the Skill India Mission, would be given to 53 trainers from various fields including trainers from National Skill Training Institutes (NSTIs), Jan Sikshan Sansthan (JSS), WorldSkills Competition winners etc.
  • The award will recognize the trainer’s contribution and make them join a training career as it is estimated that by 2022 India will need about 2.5 lakh trainers across the skilling ecosystem.

Banking

Fintech Committee Final Report

  • The committee was constituted as per the announcement made by Arun Jaitley, then Finance Minister in his Budget speech 2018-19.
  • The committee gave some recommendations on Fintech space globally and in India.

Capital infusion by Government in IDBI Bank

  • The IDBI bank has reduced its net NPA from peak of 18.8% in June 2018 to 8% in June 2019.
  • The government continues to be a promoter and holds 46.46% stakes of the IDBI Bank and LIC acquired 51% stakes.

RBI mandated to link Retail Loans to External Benchmark

  • The directive is applicable to all Public Sector Banks voluntarily, while the private banks are yet to.
  • Recently, some state-run banks have introduced home and auto loans having repo-linked products but the RBI wants them to add loans to micro, small and medium enterprises (MSMEs) to an external benchmark.
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