National News
Government puts Minimum Export Price for Onion
- The notification has been issued by the Directorate General of Foreign Trade (DGFT) to export all varieties of onions only on Letter of Credit subject to the MEP of $850 FOB per tonne.
- Reasons for the price rise of onion is said to be due to falling in the supply of onions from Madhya Pradesh and Karnataka, rains in parts of Maharashtra hampering onion markets followed by droughts.
‘JALDOOT’ Travelling Exhibition Launched
- The Regional Outreach Bureau, ROB, is the office under the Ministry of Information and Broadcasting, with its headquarter at Pune for Maharashtra and Goa region.
- The Jaldoot Campaign has been launched by the ROB in association with MSRTC (Maharashtra State Road Transport Corporation).
Relief to Indian Railways Passengers
- The Ministry of Railways has announced to rationalize the fare structure and composition of Humsafar class of trains.
- The existing variable fare system of the Humsafar class of trains has been done away with, which means these trains will now have only ‘fixed’ fare system.
Public Premises (Eviction of Unauthorized Occupants) Amendment Bill, 2019
- The bill will facilitate smooth and speedy eviction of unauthorized occupants from Government residential accommodations.
- The step would increase the availability of government residential accommodations and reduce the waiting period for eligible persons.
Promulgation of the Prohibition of Electronic Cigarettes Ordinance
- The Union Cabinet chaired has approved the Promulgation of the Prohibition of Electronic Cigarettes (production, manufacture, import, export, transport, sale, distribution, storage and advertisement) Ordinance, 2019.
- As per the ordinance, the production, manufacture, import, export, transport, sale, distribution, storage and advertisement of e-cigarettes shall be a punishable offence.
Mongolian president visit to India
- President Battulga and Indian PM Modi jointly unveiled a statue of Lord Buddha at Gandan Monastery in Ulaanbaatar through video-conferencing in New Delhi.
- India announced an additional 236 million dollars Line of Credit for the ongoing Petrochemical Refinery Project in Mongolia.
Rashtriya Puraskar and National Safety Awards for the Performance Year 2017
- The "National Safety Awards (NSA)" and "Vishwakarma Rashtriya Puraskar (VRP)".(Previously known as ShramVir National Awards) are operated since 1965 under the Ministry of Labour and Employment.
- NSA is awarded for the outstanding safety performance of construction sites, ports, industrial establishments, and installations under the Atomic Energy Regulatory Board (AERB) in management of accident prevention programs.
LEAP-2019 & ARPIT-2019 launched
- LEAP has been launched for leadership development for Higher Education Institutions (HEIs) which is a 3-week leadership development training programme for second-level academic functionaries.
- ARPIT was launched by the HRD Ministry in November 2018 as a unique initiative of online professional development of 1.5 million higher education faculty through SWAYAM.
Banking
Aadhaar Authentication made Mandatory for New Dealers by GSTN
- Deputy Chief Minister of Bihar Sushil Kumar Modi, head of the Group of Ministers of GST Network has announced the decision.
- For those dealers who do not want Aadhaar authentication, physical verification will be carried out for them.
Govt incentive to Boost Exports and Housing Sector
- To provide a 10,000 crore rupees special window to help complete the ongoing affordable and middle-income housing projects.
- The housing projects under the special window include non-NPA (Non-Performing Assets) and non-NCLT (National Company Law Tribunal) projects.
RBI allowed Payment Banks to apply for Small finance banks
- The minimum paid-up capital requirement for SFBs is also revised by the RBI from Rs 100 crore to now Rs 200 crore.
- Promoter’s shareholding should be a maximum of 40% by the end of 5 years, and within 10years it should be down to 30% and within 15years it should be down to 15% shareholding.
RBI suggest Federal body like GST council for Farming Sector
- An RBI panel has suggested to set up a federal body like a GST council for providing credit flows to the agriculture sector.
- RBI had set up the 'Internal Working Group’ in February 2019 to understand the reasons for the regional disparity in agricultural credit and suggest measures.
Government Slashed the Corporate Tax Rates
- The tax rates are slashed by following an amendment in the Income-tax Act 1961 and the Finance (No. 2) Act 2019.
- The new domestic companies are those companies that are incorporated on or after 1st October 2019 and will commence production on or before 31st March 2023.
Reports
“Handbook on Fisheries Statistics - 2018”
- “Handbook on Fisheries Statistics - 2018” has been released by the Union Minister of Fisheries, Animal Husbandry & Dairying, Giriraj Singh.
- This is the 13th edition of the Handbook published by the Department of Fisheries of Ministry of Fisheries, Animal Husbandry & Dairying.
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