Weekly Current Affairs 8th To 14th November 2019

Weekly Current Affairs 8th To 14th November 2019

International News

India International Trade Fair 2019

  • The theme of the fair is 'Ease of Doing Business' on the eve of India's unique achievement in improving its rank in World Bank’s Ease of Doing Business Index to 63rd.
  • The fair will serve as a convergence point for government and non-government agencies along with private sector enterprises.

National News

India’s MMR declined by 8 points in One Year

  • Dr Harsh Vardhan, Union Minister of Health & Family Welfare stated the report and said India is on track to achieving the Sustainable Development Goal (SDG) target for reducing MMR by 2025, five years ahead of the timeline of 2030.
  • MMR has declined by 6.2% from 130/ lakh live births in 2014-16 to 122/ lakh live births in 2015-17.

Indian Railways launched 3 Online Applications

  • Indian Railways has launched three applications for all-India roll out to strengthen its IT-enabled services.
  • The apps will ensure proper monitoring of projects being undertaken by Railways.

World’s First CNG port Terminal

  • A CNG port terminal at Bhavnagar port is being set up jointly by the U.K. based Foresight group and Mumbai based Padmanabh Mafatlal group.
  • Chief Minister Vijay Rupani, who is the chairman of the Gujarat Infrastructure Development Board- GIDB has approved the proposal to construct the terminal at Bhavnagar. 

“Swachh-Nirmal Tat Abhiyaan”

  • The Ministry of Environment, Forest and Climate Change (MoEF&CC) has organised a cleanliness-cum-awareness drive under the “Swachh – Nirmal Tat Abhiyaan”.
  • The Ministry has identified 50 beaches under the “Swachh – Nirmal Tat Abhiyaan across 10 coastal States/Union Territories (UTs).

6th World Congress on Rural and Agricultural Finance

  • The representatives of banks and financial institutions from over 40 countries have gathered in the conference to deliberate on the subject of Rural and Agriculture Finance: Critical Input to Achieve Inclusive and Sustainable Development.
  • Asia - Pacific Rural Agricultural and Credit Association (APRACA) is a regional association facilitates mutual exchange of information and expertise in the field of rural finance to avert financial risks.

National Seminar on Social Audit

  • The seminar was jointly organised by the Department of Rural Development and National Institute of Rural Development and Panchayati Raj.
  • Social Audit is a public assembly where all the details of a project are scrutinized that includes the resources, both financial and non-financial, used by public agencies for development initiatives.

UP govt launched e-Ganna App and Web Portal

  • The web portal and e-Ganna App will help in strengthening the cane development societies by eradicating cane mafia and middleman between the sugar cane farmers and the sugar mills.
  • The portal and the App will ensure transparency in the process of getting slips, and facilitate sugarcane supply by farmers to mills and check irregularities.

Banking

RBI put Rs 5 lakh Penalty on Oxigen Services

  • The Reserve Bank of India (RBI) has imposed a fine of Rs 5 lakh on prepaid payment instrument Oxigen Services (India) Private Limited.
  • Oxigen Services is a Prepaid Payment Instrument (PPI) issuer and facilitates payment processing and money transfer services.

Documentation Identification Number (DIN) System

  • The step is aimed at bringing transparency and accountability in the indirect tax administration through the widespread use of information technology.
  • Now the CBIC communication will have to have a Documentation Identification Number and No communication would be issued without DIN.

RBI increased Household Income Limits for borrowers of NBFC-MFIs

  • The household income limits for borrowers of NBFCs and MFIs has been increased from Rs 1 lakh to Rs 1.25 lakh for rural areas.
  • Similarly, the limit has been increased from the current level of Rs 1.6 lakh for urban/semi-urban areas to Rs 2 lakh.
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