Current Affairs Today 31st January 2019 | Current Affairs News

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Daily Current Affairs PDF of 31st Jan 2019

CURRENT AFFAIRS: NATIONAL

PM Modi dedicated National Salt Satyagraha Memorial to the nation

• Prime Minister Narendra Modi dedicated the National Salt Satyagraha memorial monument to recall the historic DandiYatra on Mahatma Gandhi’s death anniversary
• Mahatma Gandhi began the march from Ahmedabad to Dandi near Surat on March 12th 1930 against the ban on Indians producing or selling salt.
• The memorial has statues of Mahatma Gandhi and 80 Satyagrahis who had marched with him during the historic Dandi Salt March. The cost of Memorial is Rs. 110 Crores.

CURRENT AFFAIRS: STATE

First Swadesh Darshan project inaugurated in Sikkim

• K.J. Alphons, Union Minister for Tourism inaugurated the project “Development of North East Circuit in Gangtok, Sikkim
• The project implemented under Swadesh Darshan Scheme of Ministry of Tourism, Government of India was sanctioned by the Ministry in June 2015 for Rs. 98.05 Crores
• Under this scheme, the Government is focussing on development of quality infrastructure in the country with objective of providing better experience and facilities to the visitors on one hand and on other hand fostering the economic growth
• Ministry has sanctioned 16 projects for Rs. 1349.04 crores covering all North Eastern States under its schemes of Swadesh Darshan and PRASHAD

Maharashtra government launched special scheme to curb infant deaths

• The Maharashtra government launched a special scheme to curb infant deaths.
• State child development Minister Pankaja Munde distributed baby care kits to the children born in primary health centres and government hospitals
• The scheme is applicable only for the first child and will benefit around four lakh women across the state Women.
• Each kit contains a blanket, a small mattress, a towel, a thermometer, baby oil, shampoo, toys, nail-cutter, gloves, socks, among other things. The cost of the kit is around Rs. 2,000
• The state government has allocated Rs 20 crore for the scheme

CURRENT AFFAIRS: BANKING AND FINANCE

IndiaFirst Life Insurance buys 9 percent stake in CSC e-Governance Services

• IndiaFirst Life Insurance has bought nine per cent stake in CSC e-Governance Services India Ltd
• IndiaFirst Life Insurance is a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK)
• CSC is an integral part of Digital India initiative of the government under Ministry of Electronics and Information Technology
• The financial inclusion journey, the two entities have worked towards enabling village-level entrepreneurs for reaching out to the last mile customers with tailored solutions

FDI grew 18% in FY18 to Rs 28.25 lakh crore: RBI data

• According to RBI data on ‘Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18’, foreign direct investment (FDI) during the previous fiscal grew 18 per cent to Rs 28.25 lakh crore
• FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value
• Overseas direct investment (ODI) by Indian companies increased by 5 per cent to Rs 5.28 lakh crore
• The census showed that Mauritius continued to be the largest source of FDI in India (19.7 per cent) followed by the US, the UK, Singapore and Japan.
• In case of overseas investment by Indian companies, Singapore (17.5 per cent) was the major destination, followed by the Netherlands, Mauritius and the US

NABARD fix 2019-20 priority sector lending target at Rs. 1,01,378 crore for Telangana

• The National Bank for Agriculture and Rural Development (NABARD) has fixed the total priority sector credit potential for Telangana at Rs. 1,01,378.60 crore for 2019-20
• This represents a 9 per cent increase over the target for 2018-19 which at was at 83,389 crore
• NABARD has released its State Focus Paper at the State Credit Seminar,this serves as a guiding document for banks and state government

SEBI proposed relaxed norms for REITs, InvITs to increase access to investors

• The Securities and Exchange Board of India (SEBI) has proposed a new framework for REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) in order to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors
• Under the proposal, minimum allotment and trading lot for publicly issued REITs and InvITs will be reduced
• It has been proposed that the leverage limit for InvITs will be increased from the existing 49 per cent to 70 per cent
• SEBI had notified REITs Regulations in 2014, allowing setting up and listing of such trusts which are very popular in some advanced markets
• At the time of initial/follow-on issue, the minimum application and allotment lot shall be of 100 units and the value of one such lot shall be within the range of Rs 15,000-20,000
• The minimum subscription from any investor in an initial offer and follow-on public offer is not less than Rs 2 lakh for REIT, and Rs 10 lakh in case of InvIT
• The prescribed trading lot for the purpose of trading of units of the REIT on the stock exchange is Rs 1 lakh, while the same is Rs 5 lakh for InvIT
• SEBI has proposed a separate framework to enable unlisted privately placed InvITs, the minimum investment by an investor should not be less than Rs 1 crore

CURRENT AFFAIRS: APPOINTMENTS AND RESIGNATION

Dilip Sadarangani appointed as part time Chairman of Federal Bank

• Kerala based private sector lender Federal Bank has appointed Dilip Sadarangani as the part-time chairman, He has been in the board of Federal Bank since 2013
• Dilip Sadarangani is a renowned banker with experience in various facets of banking, particularly technology, in different countries.
• He has played key roles in setting up of IT infrastructure in different banks in India, Australia and Kuwait.

Civil Aviation Secretary Rajiv Nayan Choubey Named as UPSC Member

• Civil Aviation Secretary Rajiv Nayan Choubey has been named as the member of the Union Public Service Commission (UPSC)
• Choubey, a 1981 batch IAS officer of Tamil Nadu cadre, He was named as the Civil Aviation Secretary in June 2015
• UPSC can have maximum of 10 members, besides a chairperson

Sunjay Sudhir appointed as India’s envoy to the Maldives

• Senior diplomat Sunjay Sudhir has been appointed as India’s Ambassador to the Maldives
• Sudhir was 1993 batch Indian Foreign Service officer, presently works as a Joint Secretary in the Ministry of Petroleum and Natural Gas
• The MEA also announced that Vijay Singh Chauhan, presently Consul General, Consulate General of India, Sao Paulo, has been appointed as the Ambassador of India to Burkina Faso

CURRENT AFFAIRS: AWARDS AND HONOURS

India bags Award of Excellence for ‘Best in Show’ at New York Times Travel Show 2019

• India received the Award of Excellence for ‘Best in Show’ at the recently concluded New York Times Travel Show 2019, It is the largest travel show in North America which held in New York
• The Ministry of Tourism participated as the ‘Presenting Partner’ in the New York Times Travel Show (NYTTS 2019)
• A high-level delegation led by Tourism Ministry Secretary YogendraTripathi and a number of stakeholders from India’s tourism industry participated in the Show

Tamil Nadu bags FSSAI award for Swasth Bharat Yatra

• Tamil Nadu was declared as the ‘Best State Overall’ for exemplary participation in the Swasth Bharat Yatra, Madurai and Sivakasi won the awards for the best performing districts, while the State also bagged 17 awards in various other categories
• Swasth Bharat Yatra is 100 day consumer outreach programme organised by Food Safety and Standards Authority of India (FSSAI), which was launched to amplify its Eat Right India initiative
• The Yatra, a cyclothon saw the involvement of 10 lakh participants and reached to around 2.5 crore people across various States and UTs
• Gujarat, Madhya Pradesh, Uttar Pradesh and Maharashtra were adjudged the Best States with population above 3 crore
• Punjab, Goa and Delhi were recognised as the Best States having population less than 3 crore.
• Meghalaya, Jammu and Kashmir and Uttrakhand were given special awards for their participation despite their hilly and difficult terrain

CURRENT AFFAIRS: COMMITTEE

EPFO’s central board of trustees notifies new committees 

• Employees’ Provident Fund Organisation has notified new finance, investment and audit committee (FIAC), the pension and EDLI implementation committee (PEIC) and the exempted establishments’ committee (EEC)
• All the three committees will continue to have central government representatives as well as two representatives each of the employers and the employees and domain experts
• FIAC will oversee investments made by portfolio managers and ensure timely investment of PF kitty for optimum returns
• PEIC will review the function of the Employees’ Pension Scheme, 1995 and the Employees Deposit Linked Insurance Scheme, 1976 as well as consider amendments to the existing schemes
• The EEC will oversee the working of exempted establishments and move suggestions for CBT for improvement in the working of these exempted establishment

CURRENT AFFAIRS: RANKINGAND INDEX

India’s unemployment rate hit four decade high of 6.1% in 2017-18

• As per the National Sample Survey Office’s (NSSO’s) periodic labour force survey (PLFS) of the Ministry of Statistics and Programme Implementation, India’s unemployment rate hit a 45 year high of 6.1 per cent in 2017-18. its highest level since 1972-73
• The report further stated that unemployment was higher in urban areas 8% as compared to 5.3% in rural areas of the country
• For educated rural females, the unemployment rate ranged between 9.7% to 15.2% between 2004-05 to 2011-12, which rose to 17.3 per cent in 2017-18,
• In case of rural educated males, the joblessness rate surged to 10.5 per cent in 2017-18 from 3.5 – 4.4% between 2004-05 to 2011-12

Daily Current Affairs PDF of 31st Jan 2019

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