Friday, May 1, 2015

#Daily #Current #affairs

India, Japan ink action agenda to boost trade, investment
India and Japan have signed a Five-point action agenda to increase bilateral trade and investment between the two nations.
The action agenda was signed between Japan’s Minister for Economy, Trade and Industry Yoichi Miyazawa and Minister of State (independent charge) for Commerce and Industry Nirmala Sitharaman.
The five-point agenda includes
·         Development of selected townships in India as Japanese industrial townships.
·         Promotion of investment and infrastructure development.
·         Further development and cooperation in IT sector.
·         Enhancing cooperation in strategic sectors.
·         Asia-Pacific economic integration.

Mamata declares Nadia first 'open defecation-free' district in India
West Bengal Chief Minister Mamata Banerjee declared Nadia as the first Open Defecation Free (ODF) district in the country. Thanking UNICEF and the World Bank for helping the district achieve this feat, Ms. Banerjee declared April 30 as the “Nirmal Bangla Diwas” to be observed in the years to come. UNICEF India representative David Mcloughlin congratulated the people of the district for achieving the goal.

Government withdraws PDMA, RBI Bill provisions from Finance Bill
Finance Minister Arun Jaitley withdrew the clauses from the Finance Bill pertaining to setting up of the proposed Public Debt Management Agency (PDMA) and the amendments to the Reserve Bank of India Act. The government in consultation with the RBI will prepare a detailed roadmap separating the debt management function and the market infrastructure from the RBI. The entire chapter on PDMA (Chapter VII) in the Finance Bill is being dropped, in addition to the changes proposed in sections 45U and 45W of the RBI Act.

RBI fines 3 banks (Dena Bank, Bank of Maharashtra and Oriental Bank of Commerce) Rs 4.5crore
The Reserve Bank of India imposed a fine of Rs 1.5 crore each on Dena Bank, Bank of Maharashtra and Oriental Bank of Commerce and cautioned eight other public sector banks following its investigation into last year's fixed deposit fraud. The fixed deposit fraud involved the perpetrators forging fixed deposit certificates of large organizations and misusing cash credit facilities against them. The fraud, which ran into several hundred crores, affected organizations such as Mumbai Metropolitan Regional Development Authority, South Indian Education Society and Jawaharlal Nehru Port Trust.The banks cautioned by the RBI are Central Bank of India, Bank of India, Punjab and Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, UCO Bank, Union Bank of India and Vijaya Bank.

Parliament Passes Amendment to Regional Rural Banks Bill
Rajya Sabha passed the Regional Rural Banks (Amendment) Bill, 2014. With this, the bill has been passed by both houses of the Parliament. It was passed by the Lok Sabha on 18 December 2014. The Regional Rural Banks (Amendment) Bill, 2014 that seeks to amend the Regional Rural Banks (RRB) Act, 1976 was introduced by the Union Minister of Finance, Arun Jaitley.  It seeks to amend the RRB Act, 1976 which mainly provides for the incorporation, regulation and winding up of Regional Rural Banks (RRBs). It removes the five year limit cap that was put on the sponsor banks to assist the upcoming RRBs under the RRB Act, 1976. As per the Act, sponsor banks were liable to train personnel and provide managerial and financial assistance for the first five years.

India ranks 13th in generating electricity from nuclear source
India ranks at 13th position in the world in terms of generation electricity from nuclear source.
This information was given by Minister of State (MoS) Dr Jitendra Singh in written reply in the Rajya Sabha to an unstarred question. The ranking was based upon the data published by Power Reactor Information System (PRIS) of International Atomic Energy Agency (IAEA) in 2014.

India’s current installed nuclear power capacity is 5780 MW. It is expected to increase to 10080 MW by 2019 on progressive completion of projects.