Current Affairs

  External Affair Minister Sushma Swaraj and her Chinese counterpart Wang Yi co-chaired the first-ever meeting of India-China High-Level Mechanism on Cultural and People-to-People Exchanges in New Delhi. India and China had decided to set up people to people mechanism during the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization Summit in China.
Source: News on AIR

  National Film Archive of India (NFAI) and Film & Television Institute of India (FTII) signed Memorandum of Understanding (MoU) for transfer of three acres of landfor the construction of storage facility for films and film material. The land belonging to FTII at their Kothrud campus in Pune will be transferred to NFAI for this purpose. Shri Bhupendra Kanthola, Director FTII, and Shri Prakash Magdum, Director NFAI signed the MoU.
Source: Press Information Bureau

  The government will infuse an additional Rs 41,000 crore into cash-starved public sector banks (PSBs). The outlay will go up from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing economy of the world. This would enable infusion of over Rs. 83,000 crore in the coming few months in Public Sector Banks (PSBs). This is in addition to the Rs 2.11 lakh crore bailout package announced by the government in October 2017.
The enhanced provision is aimed at:
  • (1) Meeting regulatory capital norms.
  • (2) Providing capital to better-performing PCA Banks to achieve 9% Capital to Risk-weighted Asset Ratio (CRAR); 1.875% Capital Conservation Buffer and the 6% Net NPA threshold, facilitating them to come out of PCA.
  • (3) Facilitating non-PCA banks that are in breach of some PCA thresholds to not be in breach.
  • (4) Strengthen amalgamating banks by providing regulatory and growth capital.
Source: DNA

 The US regulator Federal Aviation Administration (FAA) has retained the highest aviation safety ranking for India. The Federal Aviation Administration carried out an audit of the Directorate General of Civil Aviation (DGCA) in July 2018. FAA formally confirmed that India’s International Aviation Safety Assessment (IASA)rating remains ‘Category 1’. Category 1 means the carriers from the assessed state may initiate or continue service to the US in a normal manner and take part in reciprocal code-share arrangements with American carriers.
Source: The Business Standard

  Gujarat has emerged as the best-performing state in the Startup Ranking 2018.The National Report on States’ Startup Ranking was unveiled by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry in New Delhi. Gujarat, with 100 percentile, has performed better than all other states in all the seven areas including start up policy, incubation support, seeding innovation and scaling innovation. Karnataka, Kerala, Odisha and Rajasthan, with a score of more than 85 percentile, have been adjudged the top performers. Andhra Pradesh, Bihar, Chhatisgarh, Madhya Pradesh and Telangana have been recognised as Leaders. 27 states and 3 union territories participated in the ranking process.
Source- DD News

  The Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Dr. Jitendra Singhlaunched the iGOT (Integrated Government Online Training Programme) developed by Department of Personnel and Training, Ministry of Personnel, Public Grievances & Pensions. The Right to Information (RTI) Portal on Judgments/Orders of Supreme Court, High Courts and CIC has been developed by the Institute of Secretariat Training and Management (ISTM), New Delhi. This Portal will provide a learning environment for all stakeholders under which a repository on the landmark cases on the RTI will be available at one place.
Source: Press Information Bureau

  Union Minister of State for Civil Aviation Jayant Sinha launched an official mobile application for Global Aviation Summit 2019. The Global Aviation Summit (GAS) 2019 is scheduled to be held in January 2019 in Mumbai. The application was launched in the presence of R.N. Choubey, Secretary, Ministry of Civil Aviation, Dr. Guruprasad Mohapatra, Chairman, Airports Authority of India (AAI),Dr. Shefali Juneja, Joint Secretary, Ministry of Civil Aviation, and other officials of AAI.
Source: ANI News

 Renowned Kabaddi Player, Anup Kumar announced his retirement from Kabaddi ending a 15-year iconic career. The 35-year-old had led India to a memorable Kabaddi World Cup title triumph in 2016. A sports veteran, Arjuna awardee Anup began his international career in 2006 at the South Asian Games in Sri Lanka. He led India to the gold medal at the Asian Games and was also part of the team which repeated the feat in the 2014 edition.
Source- AIR World Service

 NITI Aayog unveiled its comprehensive national Strategy for New India titled ‘Strategy for New India @75’, which defines clear objectives for 2022-23. The document was released by the Finance Minister of India Mr Arun Jaitley. The Strategy Document advocates empowering and encouraging women to participate across all sectors of the economy, to build a strong and inclusive New India. It vouches for the transformation of the rural economy, creating a policy environment that enables income security for farmers and modernising agricultural technology for doubling farmers income.
Source- Press Information Bureau (PIB)

 Lok Sabha has passed the Surrogacy (Regulation) Bill, 2016 which is aimed at prohibiting commercial surrogacy and unethical practices relating to it. The Bill has provisions to constitute National Surrogacy Board, State Surrogacy Boards, and appointment of appropriate authorities for regulation of surrogacy. It permits surrogacy only for couples who cannot conceive a child. The intending couple must be Indian citizens and married for at least five years with at least one of them being infertile. The surrogate mother has to be a close relative who has been married and has a child of her own.
Source: AIR World Service


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