Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 26 - AUGUST - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 26 - AUGUST - 2016
Friday, 26 August 2016 07:45

 

 

 


RMI'S Current Affairs - https://www.facebook.com/RMIS-Current-Affairs

DAILY NEWS UPDATES

26- AUGUST - 2016

 

:: NATIONAL ::

PM REACHED OUT TO PEOPLE OF KASHMIR

  • Reaching out to the people of the troubled Kashmir Valley, PM Modi said there had to be a dialogue to find a “permanent and lasting solution” to the problem within the framework of the Constitution.
  • In a meeting with leaders of Opposition parties from Kashmir, the Prime Minister stressed that all those who had lost their lives were “part of us” – be they youth, security personnel or policemen.
  • Speaking in Jammu on Sunday, Finance Minister ArunJaitley had described stone-throwers as “aggressors” and blamed Pakistan for the current unrest in the Valley.
  • Meeting was expected to last half-an-hour but the Prime Minister gave a “patient hearing” to the concerns of the delegation for over 55 minutes and also discussed ways to tackle the worsening situation in the State.
  • National Conference president Omar Abdullah, who led the delegation, welcomed the Prime Minister’s statement and extended his support for bringing normality in the State.

SC PITCHES FOR A POLITICAL SOLUTION OF KASHMIR SITUATION

  • Noting that the judiciary has its limits, the Supreme Court indicated that a political solution across party lines might probably bring peace to Kashmir, where street clashes between security forces and mobs and curfew continued to choke normality.
  • Referring to the Opposition parties’ talks with the Centre as an effort in the right direction, a Bench led by Chief Justice of India T.S. Thakur said such talks offered more chances of reaching a well-rounded solution than court hearings did.
  • In its report, the Centre said that despite the violent fallout of the killing of three Hizb-ulMujahideen terrorists, including Burhan Wani, normality was returning.
  • The Centre accused social media of inflaming passions after the killing of the terrorists. It said the public address systems of some mosques were used to raise “pro-freedom slogans” to incite youth.
  • Home Ministry said curfew was initially imposed in 10 of the 22 districts, but was now reduced to some areas.
  • The report showed that security forces and civilians had clashed 872 times between July 9 and August 3. During this period, 2,656 civilians had been admitted to hospital and 58 major eye surgeries done to save their eyesight.

A MOVE THAT WOULD ENCOURAGE WITNESSES TO REPORT ACCIDENTS TO THE POLICE

  • In a move that could go a long way in encouraging witnesses to report accidents to the police, the Centre issued a notification ensuring that the affidavit of “Good Samaritan”.
  • Aperson, who voluntarily declares himself to be an eyewitness, shall be treated by the investigating officer as a final statement.
  • The notification is in response to Supreme Court directions in an October 2014 case of SaveLIFE Foundation asking the Centre to issue directions to save Good Samaritans until Parliament frames a law.
  • The court had directed the government to frame Standard Operating Procedures (SOPs) for the examination of a Good Samaritan. In March, the court approved the guidelines and the SOPs issued by the government with certain modifications.
  • The crux of the guidelines is that no bystander rushing to the rescue of an accident victim should be subject to civil or criminal liability and/or be forced to be a witness.
  • Any disclosure of personal information or offer to be a witness, in the event of the Good Samaritan also being an eyewitness to an accident, ought to be voluntary.
  • Further, the examination of such a volunteer as a witness shall be done only on a single occasion and without harassment or intimidation.

ROAD MAP FOR THE POWER SECTOR FOR THE NEXT FIVE YEARS TO COME SOON

  • A national electricity plan, which provides a road map for the power sector for the next five years, will be ready by next month.
  • The national electricity plan, drafted once every five years, would indicate the requirements and the likely scenario for the next five years in terms of power transmission, distribution and generation.
  • It would also include requirement of manpower and funds. The plan would provide a break-up of the projected growth in different forms of power such as thermal, hydel, nuclear, solar and wind energy.
  • Electrical power survey would forecast the power requirements of different States for the next five years, was also being prepared to help provide crucial inputs to the national electricity plan.
  • India might follow Geneva’s example of operating eco-friendly electric buses with flash-charging facility.
  • These buses can be charged automatically within 15 seconds when it arrives at a bus-stop. The charging is done through a structure on the bus-top which automatically connects to the power point on the roof of the bus stop.

:: INTERNATIONAL ::

PM MODI PROMISES TO STAND BY AFGHANISTAN

  • Highlighting “close” friendship between the two countries, India reached out to the government of President Ashraf Ghani of Afghanistan and said that New Delhi will “always” be there to support the country.
  • Inaugurating the newly restored ‘Stor Palace’ in Kabul, a stately building which had been damaged in the civil war, Prime Minister Narendra Modi said the palace, which is also known as the Star Palace or ‘Kasre-estar’, is a sign of the rich heritage of Afghanistan.
  • Mr. Modi stressed that, “whatever may be the odds, India will work with you for a bright future for all Afghans.”
  • Presenting the views of the Afghan side, President Ghani said the “logic” of peace and benevolence will defeat the logic of terror and violence. India and Afghanistan have always been close friends, he added.
  • The Stor Palace was built during the reign of Amir Abdul Rahman Khan in 1880. It underwent a series of renovations till 1965 when most of the functions were shifted to another building.
  • The building is expected to regain its stature with the restoration process now completed.

TENSION RISES BETWEEN ISRAEL AND GAZA

  • Israel said its forces carried out dozens of air and tank strikes in Gaza in response to a rocket that hit a southern Israeli town.
  • Palestinian medical officials said four people were wounded in the strikes launched after a rocket was fired from Gaza into the city of Sderot.
  • Bases of Hamas’s military wing, the Ezzedine Al-Qassam Brigades, as well as of two smaller militant groups were hit, the security officials said.
  • A spokesman for Hamas said Israel “carries responsibility for the escalation in the Gaza Strip and this new aggression will not succeed” in weakening the movement.

:: BUSINESS AND ECONOMY ::

THE CENTRE IS FRAMING A POLICY TO ENABLE ALL MAJOR PORTS TO DEVELOP INLAND WATERWAYS

  • The Centre is framing a policy to enable all major ports to set up subsidiary companies to develop inland waterways. This is part of its plan to cut logistics costs for exporters by moving more cargo on water instead of over land.
  • The establishment of separate units will facilitate easy foreign funding for inland waterway projects by capitalizing on the financial credentials of the government owned ports.
  • The objective of the government is to reduce logistics costs to make exports competitive and all ports will be asked to improve inland waterways in their periphery to divert large part of the cargo on waterways which is cost effective.
  • India’s biggest container port Jawaharlal Nehru Port Trust (JNPT), which posted a profit of Rs.1,000 crore last year, has been asked to set up a subsidiary for this purpose.
  • JNPT will develop waterways on seven to eight rivers in Maharashtra which flow from Madhya Pradesh. Goa Port will be the next to follow and will develop inland waterways on two rivers. The Detailed Project Report (DPR) has been prepared.
  • All major ports have a combined turnover of Rs.4,000 crore and based on that an amount of Rs.50,000 crore can be raised as foreign loans at 2.75 per cent interest as against 12 per cent from Indian banks for inland waterway projects.
  • The shipping ministry has also urged the finance ministry to allocate 5 per cent of the money collected as cess on diesel and petrol for inland waterways.

MARKET REMAINED CAUTIOUS AFTER URJIT PATEL NOMINATION

  • Bond prices fell as investors paused their recent liquidity-fuelled purchases of government debt to take stock of the appointment of Reserve Bank of India (RBI) Deputy Governor Urjit Patel as its next head.
  • The yield on the benchmark 10-year bond rose 6 basis points to 7.16 per cent.
  • Dr. Patel, who was a key architect of the new monetary policy framework that prescribes inflation-targeting as the central bank’s primary objective and is viewed in the markets as an “inflation hawk.
  • The medium term objective of RBI is to attain 4 per cent retail inflation with a tolerance band of plus, minus 2 percentage points. CPI (Consumer Price Index)-based price gains accelerated to 6.07 per cent in July.
  • Bonds prices had rallied in recent times and yields touched 7.08 per cent on Aug. 11, their lowest level since September 2009.
  • The Sensex slid 0.33 per cent, or 91.5 points, to close at 27,985.54, while the Nifty 50 index fell 0.44 per cent to 8629.15.“
  • The central bank will announce its next monetary policy review on October 4, most likely under the new framework where the rate decision will be taken by the Monetary Policy Committee, which is headed by the RBI Governor.
  • Not many market participants expect a rate cut in the October policy meeting as retail inflation is higher than the central bank’s March 2017 target of 5 per cent.

:: IMPORTANT DETAILED NEWS ::

NEW WORLD WEALTH REPORT 2016 RELEASED: INDIA STOOD AT 7TH POSITION AMONG 10 WEALTHIEST COUNTRIES

The New World Wealth released the report titled The W10: The 10 wealthiest countries in the world. As per the rankings in the report, India is the seventh richest country in the world with a total individual wealth of 5.6 trillion US dollars.

The United States topped the list with total individual wealth held at 48900 billion US dollars. The study ranked the wealthiest countries in the world as of June 2016 in terms of total individual wealth held.

Highlights of the report

• The United States is the wealthiest in the world in terms of total individual wealth held at 48900 billion US dollars.

• China stood second and Japan third, with total individual wealth of 17400 billion US dollars and 15100 billion US dollars, respectively.

• Others in the top 10 club include the United Kingdom (4th position) with a total individual wealth of 9200 billion US dollars, followed by Germany  at 5th and France at 6th position.

• India is ranked seventh, ahead of Canada (4700 billion US dollars), Australia (4500 billion US dollars) and Italy (4400 billion US dollars), which came in at 8th, 9th and 10th slots, respectively.

• Australia’s ranking is impressive considering it only has 22 million people living there.

• China was the fastest growing W10 country over the past 15 years (in terms of wealth growth).

• Australia and India also grew strongly. India, Australia and Canada have just overtaken Italy over the past 12 months.

India's Position in The W10 Report

India is the seventh wealthiest country in the world. It figures among the 10 wealthiest countries, with a total individual wealth of 5.6 trillion US dollars.

The ranking of India as one of the top 10 wealthiest countries in the world is largely because of its large population. At least three countries from Asia appeared on the list, while four from Europe made it to the rankings.

About New World Wealth

• New World Wealth is a global wealth intelligence and market research company based in Johannesburg, South Africa.

• It provides customized services to: wealth managers, family offices, real estate professionals, migration platforms and fund managers.

• The organisation interviews over 800 HNWIs every year in order to determine their preferences.

SAKSHI MALIK NAMED BRAND AMBASSADOR FOR BETI BACHAO, BETI PADAO CAMPAIGN IN HARYANA

Sakshi Malik, the woman wrestler who won the bronze medal at 2016 Rio Olympics in the 58 kg category, was named as Haryana’s brand ambassador for Beti Bachao, Beti Padao campaign.

Haryana Chief Minister Manohar Lal made this announcement on 24 August 2016 at Bahadurgarh where he awarded Malik with 2.5 crore rupees and Commendation Certificate. He also offered her a class two level job in the state government.

Her coaches Mandeep and Kuldeep were also presented cheque of 10 lakh rupees each by the Chief Minister.

Besides, the Chief Minister also announced that a sports nursery and a stadium would be set up at Mohra, native village of Sakshi in Rohtak district.

UNION GOVERNMENT LAUNCHES 'SUGAMYA PUSTAKALAYA' AN E-LIBRARY FOR PERSONS WITH PRINT DISABILITIES

Union Government launched Accessible E-Library 'Sugamya Pustakalaya'for Divyang under Prime Minister’s Accessible India Campaign (Sugamya Bharat Abhiyan). The e-library was jointly launched by Union Ministers Ravi Shankar Prasad, Prakash Javadekar and Thawar Chand Gehlot.

Sugamya Pustakalaya is an online platform that makes accessible content available to print-disabled people. It houses more than 2 lakh books in diverse subjects and languages and multiple accessible formats.

The e-library was created by Department of Empowerment of Persons with Disabilities (Divyangjan), Ministry of Social Justice and Empowerment in collaboration with member organizations of Daisy Forum of India and powered by TCS Access.

Accessible India Campaign

The Accessible India Campaign (Sugamya Bharat Abhiyan) was launched by Department of Empowerment of Persons with Disabilities (DEPwD) as a nation-wide Campaign for achieving universal accessibility for Persons with Disabilities (PwDs). The initiative is in line with the Article 9 of UN Convention on the Rights of Persons with Disabilities (UNCRPD) to which India is a signatory from 2007.

BRICS DISASTER RISK REDUCTION MEET ADOPTS UDAIPUR DECLARATION

The BRICS Countries adopted the Udaipur Declaration during the second meeting of BRICS (Brazil, Russia, India, China & South Africa) Ministers for Disaster Management in Udaipur, Rajasthan.

The aim behind the adoption of the Udaipur Declaration is to  set up a Joint Task Force for disaster risk management for regular dialogue, exchange, mutual support and collaboration among BRICS Countries.

Highlights of the Joint Task Force for disaster risk management

• The Joint Task Force shall consist of one representative from each BRICS country and will be chaired by rotation by the representative of the country holding chairmanship of BRICS during that year.

• It shall meet on the sidelines of the meeting of the BRICS Ministers for disaster management and may also hold additional meetings as necessary, including through video conferencing.

Joint Action Plan (JAP) for BRICS emergency services (2016-18)

• During the meeting, the countries also finalised the roadmap for implementation of the three-year Joint Action Plan (JAP) for BRICS emergency services (2016-18).

• The JAP was agreed upon at the first meeting of BRICS Ministers for Disaster Management at St. Petersburg in Russia in 2016 itself.

• Through JAP, the countries will work together on exchange of Information on disaster management, research & technology exchange on forecasting and early warning for floods.

Moreover, a technical session on Disaster risk in a changing climate was also held. The session focused on emerging disaster risks as a result of climate change and evolving practices in the area of Disaster Risk Management.

The 8th BRICS Summit will be hosted by India, the current BRICS chair, in Goa in October 2016.

 

 

#‎RAY‬ - ‪#‎Empowering‬ ‪#‎Talent‬ ‪#‎Since‬ 1971
www.rosemaryinstitute.com

 

Last Updated on Tuesday, 30 August 2016 04:57