National News
3 Citizen-Centric Services of the Chandigarh Police launched
- The ‘E-Beat Book’ is a web and mobile application to facilitate police a real-time updation of crime/criminal data by linking it to the Crime and Criminal Tracking Network & Systems (CCTNS).
- Emergency Response Support System (ERSS - Dial 112): is an emergency response service which is operationalized to strengthen proactive community policing by providing computer-aided dispatch of field resources to the location of distress.
New Standard Operating Procedure by Transport Ministry
- Central Motor Vehicles Rules are amended to the let the person produce the documents in electronic form.
- Under the rule, the hard copy of relevant documents is not necessary but the documents must be available on DigiLocker or mParivahan app.
Ministry of Agriculture & Farmers Welfare launched two Mobile Apps
- The CHC Farm Machinery App will help the farmers to get the machinery required at the rates feasible for them from the Custom Hiring Centres (CHC) located in the radius of 50 Kms.
- The Krishi Kisan App will provide information about the best demonstration of high-yielding crops and seeds in the nearby area of the farmers.
‘TB Harega Desh Jeetega’ Campaign
- The ministry also released the TB India Report (2019) and an all-oral regimen kit (which does not include painful injections) for multi-drug resistant TB patients.
- A partnership with the World Bank was announced which is providing a $400 million credit for accelerating TB response in 9 states through private sector engagement and other critical interventions.
First Indigenous Fuel Cell System launched
- President Ram Nath Kovind unveiled the first Indigenous High Temperature Fuel Cell System on the occasion of Council of Scientific and Industrial Research (CSIR) Foundation Day.
- The cell amounts to greater than 70% efficiency, which may not be possible by other energy sources.
Aadi Mahotsav Inaugurated in Noida
- The event will provide a platform to the tribal artisans from different states to feature exhibition-cum-sale of tribal handicrafts, art, paintings fabric, jewellery.
- It is jointly organized by the Ministry of Tribal Affairs & Tribal Cooperative Marketing Development Federation of India (TRIFED).
‘Sardar Patel National Unity Award’
- The government has constituted ‘Sardar Patel National Unity Award’ as the highest civilian award, in the name of Sardar Vallabhbhai Patel.
- The award consists of a medal and a citation and without any monetary grant or cash. And only 3 awards would be given in a year.
Central Government Banned Export of Onions
- Imposed stock limits on onion traders (limit of 100 quintals on retail traders and 500 quintals on wholesale traders) to facilitate the release of stocks in the market.
- Banned export of onions with immediate effect till further orders (on 13th September 2019, the Minimum Export Price of US$ 850 F.O.B. per metric ton was imposed).
Delhi-Meerut Package-3 inaugurated
- The Delhi-Meerut Expressway (82 kilometre-long) connects Delhi with Meerut in western Uttar Pradesh.
- The project will help in decongesting National Capital Region and a considerable reduction in pollution level.
Capacity Development Programme for Women Entrepreneurs launched
- The initiative is for capacity development of women entrepreneurs in the country and was launched under Startup India, Department for Promotion of Industry and Internal Trade (DPIIT).
- Kerala Startup Mission (KSUM) and Lets Venture have been given the responsibility to run this programme across the southern states of Tamil Nadu, Telangana, Andhra Pradesh, Karnataka and Kerala.
Banking
Scope of the Bharat Bill Payment System (BBPS) Expanded
- BBPS is an interoperable medium to facilitate customers to pay bills such as direct-to-home (DTH), telephone, water, gas and electricity at a single location either physical or electronic.
- After the expansion of the payment facility, municipal taxes, insurance premiums, school fees and other recurring payments can also be paid via BBPS.
Government amended CSR Spending Norms
- The government has amended the corporate social responsibility (CSR) spending norms to allow the corporates to spend on research and development (R&D) activities.
- The Companies Act requires firms with 1) net worth of Rs 500 crore 2) turnover of Rs 1,000 crore or net profit of Rs 5 crore or more to set aside 2% of their average net profit over the last 3 years towards ‘approved’ CSR activities.
SEBI tighten Mutual Fund Norms
- SEBI has tightened the norms for mutual funds by making it mandatory to hold at least 20% liquid assets in liquid schemes.
- The parking of funds in short term deposits of scheduled commercial banks won’t be charged investment management and advisory fees by the asset management company (AMC).
RBI has placed PMC Bank under Directions
- As per the Directions, the depositors of the Mumbai based PMC Bank are not allowed to withdraw amount exceeding Rs 1,000 of the total balance in a savings account/current account or deposit account.
- The directions are to remain in force for 6 months from the close of business of the bank.
RBI modified directions to PMC Bank
- The modifications of rules are done after police complaints were filed against the top officials of the PMC bank and Housing Development and Infrastructure Limited (HDIL) for allegedly looting 3,000 crore rupees of the depositors.
- A written complaint was filed alleging that money of at least 9.12 lakh PMC Bank depositors was looted by its top management and real estate firm HDIL.
RBI Put Lakshmi Vilas Bank under PCA Norms
- Due to high bad loans and insufficient capital, RBI has put the Tamil Nadu based Lakshmi Vilas Bank under prompt corrective action framework.
- RBI helps the bank by taking a corrective course of action when the bank has a weak financial performance for a sustained period on parameters of capital ratios, asset quality and profitability.
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