Showing posts with label CURRENTAFFAIRS. Show all posts
Showing posts with label CURRENTAFFAIRS. Show all posts
Yudhvir Singh Malik appointed as new Chairman of NHAI
- The Union Government appointed Yudhvir Singh Malik as the Chairman of National Highways Authority of India (NHAI). Malik is a 1983 batch IAS officer of the Haryana cadre. Prior to this appointment he was posted as special secretary in NITI Aayog. Prior to joining NITI Aayg, he was CEO of FSSAI from October 2014 to September 2015. His tenure marked with Maggi noodle ban issue which had brought food regulator into limelight.
About National Highways Authority of India (NHAI)
- NHAI is an autonomous agency of the Union Government, responsible for management of a network of over 70,000 km of national highways in India. It was established through National Highways Authority of India Act, 1988. In February 1995, it was formally made an autonomous body. It is a nodal agency of the Union Ministry of Road Transport and Highways. It is responsible for the development, management, operation and maintenance of National Highways.
CCEA approves setting up of Jawahar Navodaya Vidyalayas in 62 uncovered districts
- The Cabinet Committee on Economic Affairs (CCEA) has approved opening of one Jawahar Navodaya Vidyalaya (JNV) in each of the 62 uncovered districts. These JNVs will provide good quality modern education to the talented children prominently from rural areas. Nearly 35,000 students will be benefitted from these JNVs.
Highlights
- The expenditure for this purpose during the 12th Plan will be 109.53 crore rupees with a spill over amount of 2,761.56 crore rupees from 2017-18 to 2024-25. All JNVs are residential and co-educational in nature. It is compulsory for all the staff and students to reside in the Vidyalaya campus.
- These 62 new JNVs will provide direct permanent employment to 2914 individuals. They will also generate opportunities to the local vendors for supply of essential commodities. It will also create large opportunity for local service providers such as tailor cobbler, barber, manpower for housekeeping and security services etc.
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. Under the pact, both countries will start collecting data in accordance with the global standards in 2018 and exchange it from 2019 onwards. Thus, 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) also known as Common Reporting Standards (CRS) on AEOI.
- Switzerland always had been at the centre of the debate on black money allegedly stashed by Indians abroad. It used to be known for very strong secrecy walls around its banking practices till a few years ago. However, after huge global pressure had forced Switzerland to sign MCAA on AEOI and do away with its tough secrecy clauses in its local laws given to the banks. What is the Multilateral Automatic Exchange of Financial Account Information (MCAA)?
About MCAA
- MCAA is multilateral convention on administrative assistance in taxation matters developed by the Organisation for Economic Co-operation and Development (OECD).
- It was signed by 53 jurisdictions in July 2015 based on Article 6 of the Convention on Mutual Administrative Assistance in Tax Matters. India had joined it in June 2015.
Noted journalist Dileep Padgaonkar dies at 72
Noted journalist Dileep Padgaonkar died on Friday morning at Ruby Hall Clinic in Pune of multiple organ failure, nearly a week after he was admitted in a critical condition following a heart attack.
Dr Sanjay Pathare, medical director at the hospital, said that his kidneys had failed and he was immediately put on dialysis. Padgaonkar, 72, was a former editor of The Times of India.
Dr Prachee Sathe, chief intensivist at the hospital, said that Padgaonkar was on ventilator support since he was admitted on November 18. “He passed away due to multiple organ failure after the heart attack,” Sathe said.
PM Narendra Modi and Congress president Sonia Gandhi were among those who condoled Padgaonkar’s death. “Mr. Dileep Padgaonkar was a leading public thinker whose contribution to journalism will always be remembered. Pained by his demise. RIP,” Modi tweeted.
Source : Indian Express
CUBAN REVOLUTIONARY LEADER FIDEL CASTRO DIES AGED 90
Cuban Revolutionary leader Fidel Castro has passed away at the age 90 on friday. Cuban state Tv announced. The lawyer-turned-guerrilla overthrew the Cuban dictator Batista's government and established a communist state in 1959. He later went on to repel a US-backed attack and survived countless assassination attempts during nearly half a century in power.
INS SHARDUL
- Indian Amphibious Warship INS Shardul enter Port Louis, Mauritius to promote maritime security in the Indian ocean region.
- The Ship would also assist local authorities in providing logistics and medical support to the outer islands of Agalega and St Brandon.
- Indian navy has been deploying ships to Mauritius Bi-Annually to assist in patrolling the Vast EEZ (Exclusive Economic Zone) of the country based on request by the Government of Mauritius.
- The last such deployment was by INS Trikand in july-2016
MITRA SHAKTI-2016
- Indo-Srilankan Joint Military exercise "MITRA SAKTHI-2016" conducted from Oct 25 to Nov 6 at Sinha Regimental centre Ambepussa
- Rajputana rifles of Indian Army and Sinha regiment of Srilankan army participated in the 4th edition of this Bi-lateral exercise.
- This exercise enhances the interoperability (avle to exchange and make use fo information) while carrying out Counter Insurgency and counter terrorism.
- Previous exercise conducted in the month of Sep-2015 at pune in India
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