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Feb 24, 2018

[CA] Daily News [Feb 24, 2018]


Around INDIA
# Government has set up an inter-ministerial committee on medicinal and aromatic plants for the North - East to suggest actionable measures to generate more livelihood opportunities in the region
# FATF (Financial Action Task Force) plenary decided to put Pakistan back on the "grey list", subjecting to  direct monitoring and intense scrutiny by the International Co-operation Review Group (ICRG) on terror financing; Pakistan had been on the same list from 2012 to 2015
# Government to convene a meeting on Lokpal on March 01, 2018
- Prime Minister, Lok Sabha Speaker, the Chief Justice of India and the leader of the single largest Opposition Party will participate in the meeting
# Supreme Court directed the government to frame a law to regulate the auditing profession, saying "failures of auditors have resulted in scandals in the past"
# Vice President, Mr. Venkaiah Naidu released a commemorative stamp and a book on Mr. B. Nagi Reddy
# Prime Minister, Mr. Narendra Modi addressed the Economic Times Global Business Summit in New Delhi with the theme "New Economy - New Rules"
# Ministry of Culture organised the "Rashtriya Sanskriti Mahotsav" under the Ek Bharat Shrestha Bharat matrix in Madhya Pradesh from Feb 24 - March 02
TAMIL NADU
# Engineering admission in the State to go online for the academic year 2018-19
# JITO - 2018 (Jain International Trade Organisation) was held in Chennai
# Former Tamil Nadu Chief Minister, M. J. Jaylalithaa’s 70th birth anniversary; government to roll out subsidized two – wheeler scheme today

STATES SCAN
# Assam: "Aadi Mahotsava", a tribal festival was organised in Guwahati; the festival celebrates the art and culture of tribal communities
# Assam: Government has announced that Sep 22 will be celebrated as "Rhino Day"
# Delhi: around 20 officers of the Delhi Police searched Chief Minister, Mr. Arvind Kejriwal's residence in the Civil Lines area to seize CCTV footage of the alleged attack on Chief Secretary Mr. Anshu Prakash
# Madhya Pradesh: 44th Khajuraho dance festival started off in Chhatarapur Dt of Madhya Pradesh
# Telanagana: Government aims to double the valuation of its life sciences ecosystem to $100 billion in 10 years; 15th BioAsia Summit was held in Hyderabad
BILATERAL ISSUES
# India and German signed MoU for implementation agreement in sustainable urban development and smart cities in India
- Germany contributes up to 8 million EUR for the project; the project will be carried out for 3 years (2018 - 2020)
# Andijan region of Uzbekistan and Indian Government have inked an agreement for cooperation in the pharmaceutical industry
# Leaders of TAPI (Turkmenistan-Afghanistan-Pakistan-India) officially inaugurated the TAPI pipeline project in Turkmenistan
- The quartet aims to complete the 1840 km pipeline and begin pumping natural gas from Turkmenistan's giant Galkynysh gas field by the beginning of 2020
WORLD
# Maldives: amid a persisting political crisis, the Election Commission of Maldives has said the Presidential elections will be held in September
# USA: announced fresh measures to tighten the scrutiny of H1-B visa petitions, mandating fresh documentary requirements for workers at third-party worksites
ECONOMICS
# Union Finance Ministry announced the first sale of electoral bonds will start from March 01, 2018 for a period of 10 days at selected branches of SBI
MISC
# A supercritical carbon dioxide Brayton cycle test loop facility was inaugurated at the IISc, Bengaluru; It is claimed to be India's first supercritical CO2 Brayton cycle test bed and also the first ever to be coupled with a solar heat source

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