July 25, 2019

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National

  1. Govt re-built GoM on sexual harassment at workplace
  • Centre Government has restructured the Group of Ministers (GoM) on sexual harassment at workplace and strengthens legal frameworks.
  • Union Ministers Nirmala Sitharaman, Amit Shah, Ramesh Pokhriyal ‘Nishank’ and Women and Child Development Minister Smriti Irani are members of the group.
  • To deal with and prevent sexual harassment at workplace this GoM was constituted. It can inspect and give recommendations for strengthening the legal and institutional framework.
  1. Piyush Goyal launches Global Innovation Index
  • Global Innovation Index (GII) has launched by Union Minister for Commerce and Industries Piyush Goyal.
  • In the 2019 Index, India improved their position by 5 positions in a year to achieve the 52nd rank. This index is considered as a charter for assessing the innovation capabilities of national economies worldwide.
  • Theme for year 2019 is – evaluating the Medical Innovation Scenario of the Next Decade. India has been performing well in terms of innovation and newly-emerging technologies and has fared its position by 24 places in the global index since 2015.
  1. State wise target to install solar rooftop Systems by 2022
  • The central government has urged all the states for rooftop solar systems installation by 2022 in order to achieve its 40,000 MW (40GW) target. In-charge for this grid connected solar program will be The Solar Energy Corporation of India(SECI), The state distribution companies(discom) and the state nodal agencies.

SECI

♦ It is a company of the Ministry of New and Renewable Energy Government of India established to facilitate the implementation of the National Solar Mission

♦ Headquarters-  New Delhi

♦ Founded- 9 September 2011.

State

  1. Maharashtra tops in ATM frauds, Delhi, Tamil Nadu, Karnataka follow
  • Maharashtra reported 233 cases of ATM fraud in 2018-19, the highest in the entire country, Reserve Bank Of India (RBI) data.
  • The data showed that Delhi grabbed the second spot with 179 cases, followed by Tamil Nadu with 147 cases of ATM fraud.
  • In Maharashtra, people lost Rs 4.8 crore to bank fraud, while in Delhi people lost Rs 2.9 crore. The country witnessed an increase in ATM fraud cases in general (up from 911 to 980).
  • Assam, Arunachal Pradesh and Tripura were the only three states that didn’t report a single incident. However, the money lost came down from Rs 65.3 crore in 2017-18 to Rs 21.4 crore in 2018-19.

International

  1. Russia regrets over violating S Korean airspace
  • Information issued by Seoul’s Presidential office, Russia has expressed regret for violation of South Korean airspace by Russian fighter jets, Russia called it a technical glitch.
  • The Russian defence ministry had earlier denied this incident. Seoul said a Russian warplane had twice violated its territorial airspace.
  • Japan also has protested both to Russia and South Korea over the incident because it claims sovereignty over the islands.

Banking & Finance

  1. IMF cuts India’s FY20 growth forecast by 30 bps to 7%
  • The IMF projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years.
  • The GDP Growth rate for India at 7.0% in 2019 and 7.2% in 2020.
  • This was announced in the World Economic Outlook, July 2019 released by IMF. The global GDP growth rate is predicted at 3.2% in 2019 and at 3.5% in 2020.
  1. LIC offering Rs 1.25 trillion by 2024 for highway projects
  • Nitin Gadkari, Minister of Road Transport and Highways stated that Mumbai headquartered Indian state-owned insurance group, LIC(Life Insurance Corporation) has agreed to offer Rs 1.25 trillion (Rs 1.25 lakh crore) line of credit by 2024, to fund highway projects for timely execution of the Rs 8.41 trillion ambitious Bharatmala project.
  • Bharatmala program will be funded through cess, toll revenue, market borrowings, private sector participation, insurance fund, pension funds, masala bonds, and other initiatives and the LIC credit line was one such initiative(bonds).
  • LIC offered Rs 25,000 crore in a year and Rs 1.25 trillion in five years for highways construction.
  • The budget allocation for Road Transport and Highways ministry has also increased by about Rs 5,000 crore.

Business & Economy

  1. India’s total fertility rate is declining: Report
  • As per the recent infromation issued by govenment’s Sample Registration System in 22 states, TFR for India declined to 2.2 in 2017 after being stable at 2.3 between 2013 and 2016.
  • Total Fertility Rate shows that the average number of children expected to be born to a woman during her reproductive span of 15-49 years.
  • In this index, a replacement level is indicating the number of children needed to replace the parents, after accounting for fatalities, skewed sex ratio, infant mortality, etc. Population starts falling below this level.
  1. Issues strict direction to deal with fugitive economic offenders
  • The Government issued directions to deal with willful bank loan defaulters or fugitive economic- offenders.
  • The Immigration Authorities can detain as well as prevent any person, including a willful defaulter, from leaving India against whom LOC has been issued. Bureau of Immigration has opened 83 LoCs till now at the behest of banks.
  • Fugitive Economic Offenders Act, 2018 has been enacted for effective action against economic offenders fleeing Indian jurisdiction.
  1. Voda’s M-Pesa shuts shop in India
  • Vodafone’s mobile phone-based banking service M-Pesa has shut down operations in India with effect from July 15.
  • M-Pesa is one of Vodafone’s success stories in countries such as Kenya, where it is hugely popular. It launched in India in 2013 and had received good response initially, but tough market conditions seem to have done it in.
  1. Chetak helicopters by HAL delivered to the Indian Navy ahead of schedule.
  • The Hindustan Aeronautics Limited (HAL) delivered one Chetak helicopter to the Indian Navy ahead of its scheduled month of august. The documents of the Chopper were handed over to CommodoreVikramMenon.
  • The HAL entered into a contract with the Indian Navy in the year 2017 to supply 8 Chetak helicopters by August 2020, with the first two by August 2019.
  • ii he remaining seven helicopters will be delivered by August 2020.
  • atest communication and navigation systems indigenously developed by HAL are fitted in this helicopter.

Key points

♦The HAL till date has produced over 350 Chetak helicopters and delivered about 80 to the Navy.

♦The Chetak helicopters are produced by HAL under the licence from Eurocopter, France.

♦The first Chetak helicopter was delivered to the Indian Navy in February 1966

♦Currently there are 51 Chetak helicopters in operation by the Indian Navy

Appointment & Resignation

  1. Boris Johnson will be UK’s new Prime Minister
  • Hardline Brexiteer Boris Johnson has won the UK’s Conservative Party leadership contest and will take over from outgoing Prime Minister Theresa May when she steps down.
  • Johnson, a former mayor of London and British foreign secretary, took 92,153 votes, while rival Jeremy Hunt scored 46,656 votes in a ballot of party members. Turnout was 87.4% with Johnson taking 66% of votes.

Award & Honors

  1. Mohun Bagan Ratna Award 2019 to be conferred to Keshav Dutt & Prasun Banerjee
  • Keshav Dutt, two-time Olympic gold medallist in hockey and Prasun Banerjee, former Indian football captain, will be awarded the ‘Mohun Bagan Ratna’ for the year 2019 on Mohun Bagan Day on July 29, 2019.

Key Points:

♦Keshav Dutt, aged 94, is one of the oldest surviving hockey Olympians of India. He represented India in the 1948 London Games, where India won the first gold post Independence. He won his second Olympic gold in Helsinki, Finland 1952.

♦Prasun Banerjee, aged 64, was a midfielder from Bengal. He played in 3 Asian Games in 1974, 1978 and 1982. He was part of an Asian All Star XI team. He is the younger brother of iconic footballer P.K. Banerjee.

♦Life membership was given to the distinguished personalities like Chuni Goswami, Dr.Vece Paes, Sourav Ganguly, Prasenjit Chatterjee and Deb Shankar Halder.

♦First recipient of Mohun Bagan Ratna was Sailen Manna, former Indian international football team captain in 2001.

Science, Space & Technology

  1. “JATAN”, a Virtual Museum software for Digitization of Archaeological Museum
  • Union Minister of State of Culture and Tourism ,Prahlad Singh Patel stated that digitization of Archaeological Museum across the country is being done in a phased manner through special software ‘JATAN’, developed by Human Centres Design and Computing Group, Centre for Development of Advanced Computing( C-DAC), Pune, Maharashtra.

Key points:

♦JATAN: Virtual Museum Builder, used for creating digital collections in various museums and digital archival tools that are used in the background for managing National Portal and Digital Repository for Indian Museums.

♦Data: The portal works through the website, (http://museumsofindia.gov.in/) where all the digitized data on museums have up-loaded.

♦Implementation: Totally 48 Archaeological Site Museums under the Archaeological Survey of India(ASI) will be digitized through JATAN.

  1. ISRO to launch India’s 1st solar mission Aditya-L1 in the first half of 2020
  • The Indian Space Research Organisation (ISRO) has announced that it will launch its first solar mission Aditya-L1 in the first half of 2020. It will be the first dedicated scientific mission to study Sun’s corona.

Key points:

♦Aim:  It aims to put Aditya-L1 satellite(800-kg) into a halo orbit around Lagrangian point L1 of Sun and Earth system. The L1 point is situated at a distance of about 1.5 million km from earth.

♦Aditya L1: It will be India’s 1st solar probe to study the magnetic field of the sun’s corona. The satellite will carry 7 payloads including the main payload Visible Emission Line Coronagraph (VLEC). It will study the dynamic nature of the sun’s outer most layers, corona, and chromosphere and collect data about Coronal Mass Ejections (CME).

  1. Bangladesh develops an alternative for plastic from jute- “Sonali”
  • A team of scientists working for Bangladesh Jute Mills Corporation (BJMC) have developed a method to convert Jute fibre into low cost Biodegradable cellulose sheets. It is named as “Sonali” – the Bengali word for “golden” bags. It is biodegradable after three months buried in soil and can also be recycled. Jute is called as the “golden fibre”.

Key Points:

♦The leader of the team that developed ‘Sonali’ was Mubarak Ahmad Khan.

♦Commercial production of alternative plastic-like bags made from jute will begin by December 2019.

♦India is the biggest producer of jute in the world, followed by Bangladesh.

Obituary

  1. Russian boxer Maxim Dadashev dies after suffering a brain injury during a match
  • The Russian boxing federation announced that Russian boxer Maxim Dadashev has died from brain injuries sustained during a fight with Subriel Matias( Puerto Rica) in Maryland, United States. He was 28.

Key points:

♦Dadashev, known as “Mad Max” was hospitalized & underwent emergency brain surgery but failed to recover.

♦He was born on 30 September 1990, Saint Petersburg, Russia was the 2008 World Junior Championships, silver medalist. He was undefeated in 13 professional bouts, 11 of them are knockouts or technical knockouts.

Important Days

  1. Income Tax Department celebrated Aaykar Diwas 2019 on July 24
  • The Central Board of Direct Taxes (CBDT) and all field offices celebrated the 159th Aaykar Diwas. The main function was held at New Delhi which was presided over by Finance Minister Nirmala Sitharaman. Minister of State for Finance Anurag Singh Thakur and other senior officials of the ministry also participated in the event.

Key Points:

♦On this occasion, the department launched ‘Kardaata e-Sahyog Abhiyaan’ to assist and support taxpayers and other stakeholders to help them to e-file their returns and discharge other tax-related obligations.

♦It also released departmental publications, e-journal, publicity kit for outreach programmes.

♦The day is celebrated since the Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses incurred by the British regime during the first war of independence against British Rule.

♦Field offices undertook a grievance redressal week or fortnight in order to redress pending grievances of the taxpayers.

READ IN HINDI

July 25, 2019

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