Daily Current Events – 24.11.16 (With Rajasthan specific)

 

 

NATIONAL

 

  1.  The cabinet approves new Merchant Shipping Bill.

  •   The Merchant Shipping Bill, 2016, is a revamped version of the Merchant Shipping Act, 1958.
  •  It aims to simplify the rules to promote ease of doing business, transparency and effective delivery of services.
  • These provisions have been meticulously shortened to 280 sections in the Bill.

2. India, Switzerland sign joint declaration for AEOI.

  •  India and Switzerland have signed a Joint Declaration for implementation of Automatic Exchange of Information (AEOI) in respect of accounts of Indians held abroad.
  • It will help India to get details of bank accounts held by Indians in Switzerland for 2018 and subsequent years on an automatic basis from September 2019.
  •  It is considered as a big step towards fighting black money stashed by Indians overseas. The pact is based on the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (MCAA) .
  • MCAA is multilateral convention on administrative assistance in taxation matters developed by the Organisation for Economic Co-operation and Development (OECD).

3.  Government to open 62 new Jawahar Navodaya Vidyalaya.

  • Government to open the school in each of the 62 uncovered districts for which an amount of Rs.2,871 crore has been allocated.
  •  Near about 35,000 students will be benefitted from these new JNVs, which will provide good quality modern education to the talented children especially from rural areas, besides giving permanent employment to about 2914 individuals.
  • Highest schools (11) are allocated to Chhattisgarh while only 1 is allotted to Rajasthan.

 

4. India Ranks 138th in the Measuring the Information Society Report 2016.

  •  India has been ranked 138th in global rank Index 2016 with a score of 2.69 while it has been ranked 26th in the Regional Rank Index 2016.
  • South Koria Topped the list.

 

5. RBI doubles the E-wallet Limit to Rs. 20,000.

  • The Reserve Bank of India on November 23, 2016 declared to increase the limit of the Prepaid Payment Instruments (PPIs) from Rs. 10,000 to Rs. 20,000 per month and Rs. 50,000 for Merchant Bank to facilitate digital transactions.
  •  Prepaid Payment Instruments facilitates purchase of goods and services against the value stored on such instruments.
  • The prepaid instruments can be issued as smart cards, magnetic stripe cards, internet accounts, online wallets, mobile accounts, mobile wallets, paper vouchers and any such instruments used to access the prepaid amount.

6. The 13th World Robot Olympiad(WRO) to be held for the first time in India this year.

  • The 13th World Robot Olympiad(WRO) will be held at the India Expo Mart, Greater Noida, India from 25 to 27 November 2016. The theme for the event this year is ‘Rap the Scrap’. This year a new robot football game named WRO Football has been included in the Olympiad.
  •  The 13th World Robot Olympiad(WRO) will be held at the India Expo Mart, Greater Noida, India from 25 to 27 November 2016. The theme for the event this year is ‘Rap the Scrap’. This year a new robot football game named WRO Football has been included in the Olympiad.
  •  Over 2,000 students from 54 countries will participate in the event and find scientific ways using robotic technology to reduce, manage and recycle waste produced from daily use.

 
RAJASTHAN

 

1. Annapurna Scheme is launched in Rajasthan by Chief Minister.

  • Scheme is launched in 12 districts.
  •  Breakfast will be given for 5 rupees and Lunch/dinner for 8 rupees.
  •  It will be served by” food on wheels” and initially 80 mobile van will be carrying it.

 

2. Airtel Payments Bank goes live with pilot project in Rajasthan.

  •  Airtel mobile number would be his/her bank account number. The interest rate of 7.25 per cent per annual.
  • It would allow money transfer to any bank account in India and free money transfer from Airtel to Airtel numbers within the Airtel Bank. It is also offering personal accidental insurance of Rs 1 lakh with every savings account.
  •  In April 2016, Airtel Bank became the first entity in India to receive a payments bank licence from the Reserve Bank of India. It plans to leverage Bharti Airtel’s extensive national distribution network of 1.5 million retail outlets, with penetration in rural areas.
    What is Payment Bank :
  •  Payment bank is a novel concept. It can accept a restricted deposit limited to INR 1 lakh per customer account.
  •  Payment Banks cannot issue loans and credit cards.
  •  The RBI given approval for payment banks to 11 entities among the 41 applicant
    The minimum paid-up equity capital for payments banks shall be 100 crore.