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Mar 29, 2018

[CA] Daily News [29-03-2018]


 Around INDIA
# Centre likely to move Supreme Court for clarification on Cauvery verdict; the Centre wants clarity from the Supreme Court on what the judgment means by “framing a scheme” under Section 6A of the Inter State Water Disputes Act; The judgment does not specify the formation of a Cauvery Management Board unlike the Cauvery tribunal Award in Feb 2007
# Supreme Court described the reopening of the assassination case of Mahatma Gandhi an “exercise in futility”
# CBSE to re – conduct the exam Class 10 mathematics and Class 12 economics tests after the question papers were leaked
# Ministry of Power partnered with the Ministry of Skill development and Entrepreneurship to train the manpower in six States (Assam, Bihar, Madhya Pradesh, Jharkhand, Odisha and Uttar Pradesh) for speedy implementation of SAUBHAGYA Scheme
- SAUBHAGYA (Pradhan Mantri Sahaj Bijli Har Ghar Yojana) aims to achieve universal household electrification in all parts of India in a time bound manner
# With production of 1423 billion units (BU) in financial year 2016, India was the third largest producer of electricity in the world [Click for more details...]
# Indu Bhushan was appointed as the Chief Executive Officer (CEO) of the Ayushman Bharat National Health Protection Mission
# Union Cabinet approved the official amendments to the National Medical Commission (NMC) Bill
- It has now been left to the State Governments to take necessary measures for addressing and promoting primary health care in rural areas
- Union Cabinet also approves certain other amendments to the NMC Bill, including the final MBBS examination to be held as a common exam across the country and would serve as an exit test called the NEXT (National Exit Test)
# Union Cabinet has approved the signing of the Memorandum of Understanding (MoU) between India and Zambia in the field of Judicial Cooperation.
# Union Cabinet has   approved   signing   of   the   Memorandum   of Understanding (MoU) between India and United Kingdom and Northern Ireland regarding cooperation and Exchange of Information for the Purposes of Combating International Criminality and Tackling Serious Organised Crime.
# Union Cabinet has approved signing of a Memorandum of Understanding (MoU) between India and South Asian Cooperative Environment Programme (SACEP) for cooperation on the response to Oil and Chemical Pollution in the South Asian Seas Region.
# Union Cabinet has given its approval for restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC) to strengthen governance, implementation and monitoring framework.
# Union Cabinet has given its ex-post approval for the Memorandum of Understanding (MoU) between India and Canada.   The MoU was signed on 23rd February, 2018 to establish bilateral cooperation activities in the field of Intellectual Property (IP). The MoU is intended to promote innovation, creativity and economic growth in both countries.
# Cabinet Committee on Economic Affairs (CCEA) approves the Commerce Ministry’s proposal to remove any prohibition on the export of edible oils, except mustard oil
# Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Fertilizers for continuation of Nutrient Based Subsidy (NBS)and City Compost Scheme beyond 12th  Five Year plan till 2019-20.   The total expenditure for continuation of both the schemes till 2019-20 will be Rs. 61,972 crore.
# Cabinet Committee on Economic Affairs (CCEA) has given its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The Government of India will now contribute the Employer's full admissible contribution for the first three years from the date of registration of the new employee for all the sectors including existing beneficiaries for their remaining period of three years.
# Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Department of School Education and Literacy to formulate a Integrated Scheme on School Education by subsuming Sarva Shiksha Abhiyan (SSA), Rashtriya Madhyamik Shiksha Abhiyan (RMSA) and Teacher Education (TE) from 1st April, 2018 to 31st March, 2020. An estimated allocation of Rs 75,000 crore over the period has been approved which is a 20% increase over the current allocations.
STATES SCAN
# Jammu & Kashmir: Indira Gandhi Memorial Tulip Garden, Asia’s largest Tulip garden in Srinagar was reopened
BILATERAL ISSUES
# India and Pakistan will go ahead with talks on the Indus Waters Treaty despite an upsurge in tensions over the LoC crossfire and allegations of harassment of diplomats
# China: pledged to continue sharing of data on Brahmaputra and Sutlej waters, marking another confidence-building step post-Doklam
# 9th India – Japan strategic dialogue to be held in Tokyo; External Affairs Minister, Ms. Sushma Swaraj to attend the meet
- India and Japan will discuss cooperation in the Indo – Pacific in the first high – level meeting
# 15th meeting of the India – USA Counterterrorism joint working group was held in New Delhi
# Seychelles’ opposition coalition (which holds a majority in Seychelles Parliament) stated that it would not ratify a deal signed with India to build a military infrastructure on its Assumption Island
 WORLD
# Myanmar: Mr. Win Myint was elected as the new President
# North Korea: Leader Mr. Kim Jong-un has pledged to denuclearize and meet US officials; the statement came from North Korean leader after he met Chinese President, Mr. Xi Jinping
# Sri Lanka: Government has decided to postpone International Workers’ Day events from May 1 to May 7 this year, to avoid an overlap with the Buddhist festival of Vesak
ECONOMICS
# SEBI has tightened the corporate governance norms for listed companies by accepting the most of the recommendations of the Uday Kotak committee while also strengthening the regulations for derivatives and algorithmic trading
# NITI Aayog CEO Mr. Amitabh Kant launched the baseline ranking for the Aspirational Districts based on published data of 49 indicators across five developmental areas of Education, Health and Nutrition, Agriculture and Water Resources, basic Infrastructure and Financial Inclusion and Skill Development
# India and Asian development Bank (ADB) have signed 480 million loan agreement to modernize technical and vocational education and training (TVET) institutions in the State of Himachal Pradesh
SPORTS
 # Australian Cricketer players Steve Smith and David Warner ordered one – year exile while Cameron Banecroft was suspended for nine months for the ball tampering scandal in South Africa: Cricket Australia
# ISSF 2018 (Junior World Cup): India’s Muskan won gold in the Women’s 25m air pistol; while in team of 25m air pistol India’s Muskan, Manu Bhaker and Devanshi Rana won Gold [Click for more details...]
# Indian cricket captain Virat Kohli’s wax figure will soon be unveiled at Madame Tussauds, New Delhi
# All India Football Federation (AIFF) launched “Scout-Me”, a mobile based scouting application to discover future players
MISC
# PEPPER, a humanoid robot in Japan to train the senior citizens in giving exercise
# Lyricist and director Sreekumaran Thampi has been selected for the J. C. Daniel Award, the Kerala Government’s highest honours for lifetime contribution to Malayalam cinema; the award comprised of Rs. 5 lakh and a citation
# NASA has delayed the launch of its $8 billion James Webb space Telescope – set to be the World’s biggest space observatory – until at least May 2020
# Two Indian activists Mirnalini Dayal and Yogesh Kumar have been selected among 20 finalists for the Commonwealth Youth Awards 2018 for their contribution towards achieving gender equality; they have been selected from across 53 Commonwealth member – countries
- Mirnalini Dayal has been chosen for her work as a campaign leader for “Health Over Stigma”
- Yogesh Kumar has been shortlisted for establishing the social enterprise “Even Cargo”

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