International News
Sri Lanka removed from FATF's Grey List
- Srilanka has been removed from the Financial Action Task Force's grey list at the five-day plenary concluded in Paris.
- The FATF was established in 1989, is an inter-governmental body to combat terror financing, money laundering and related financial and cybercrimes.
Rohingya refugees to be Relocated to Camp at Bhashan Char Island
- The relocation camp built at Bhashan Char will accommodate about 1lakh people and has the facilities of the warehouse, embankment, etc.
- Rohingya are an ethnic group (largely Muslims), who moved to certain parts of India and Bangladesh from Myanmar, where they are classified as resident foreigners or as associate citizens.
2nd Assembly of International Solar Alliance (ISA)
- ISA is the Indian government’s initiative, launched by Indian Prime Minister and the President of France on 30th November 2015 at Paris, France.
- The Alliance was formed on the side-lines of the COP-21, with 121 solar resource-rich countries lying fully or partially between the tropic of Cancer and tropic of Capricorn as prospective members.
National News
Training of 2nd group of Nepalese Officers at NACIN Started
- The training is given on Anti-Money Laundering and Countering Financing of Terrorism at NACIN Regional centre in Bengaluru.
- The course is being provided under the Indian Technical and Economic Cooperation (ITEC) Programme of Ministry of External Affairs and is fully supported by the Government of India.
25 years of Pulse Polio Programme
- The Global Polio Eradication Initiative (GPEI) was launched by the World Health Assembly (WHA) in 1988.
- In India, the Delhi government had first launched the immunization programme on a pilot basis on 2nd October 1994 with the tagline ‘Do Boond Zindagi Ki’.
Hindustan Petroleum, Power Grid Corp got 'Maharatna' Status
- The government has accorded ‘Maharatna’ status to state-owned Hindustan Petroleum and Power Grid Corporation.
- The Department of Public Enterprises, under the Ministry of Heavy Industry and Public Enterprises, issued the orders to this effect on 23rd October 2019.
BSNL, MTNL to be Merged
- As per the merger, MTNL will act as a subsidiary of BSNL (both together holds 14% market share in the mobile business in India).
- The revival package of Rs 70,000 crore includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees.
World Bank signed Loan Agreement for Odisha Farmers
- In Odisha, farming is largely dominated by farmers with landholdings of less than two hectares and the frequency of droughts in the state has increased from 1 in 5 years to 1 in 2 years.
- The $165 million loans from the International Bank for Reconstruction and Development (IBRD), has a maturity of 24 years and a 6-year grace period.
Ease of Doing Business-Implementation of RFID
- Minister of State (Independent Charge) for Shipping and Chemicals and Fertilizers, Mansukh Mandaviya, inaugurated the Ease of Doing Business-Implementation of Radio Frequency Identification (RFID) based Port Access Control System (PACS) at Kolkata Dock System (KDS).
- RFID based Port Access Control System (PACS) will provide a single-window system to the Port users for obtaining a permit/ pass through 100% cashless transaction.
Odisha-Mo Parivar Launched
- Chief Minister and BJD supremo Naveen Patnaik have launched ‘Odisha-Mo Parivar’ initiative on 26th October 2019.
- Under the Programme, the party leaders of Biju Janata Dal (BJD) will dedicate themselves to protect the environment with trees planting and generate awareness among the public.
Vote through Postal Ballots for Octagenarians & Persons with Disability
- The Ministry has amended the Conduct of Election Rules, 1961 to allow them for postal ballots and ease the process of voting to all such categories of electors.
- As per the amended Rule, the person will make an application in a new Form 12 D, which will reach the Returning Officer within 5 days following the date of notification of election.
14th National Health Profile, 2019
- The NHP is published since 2005 by the Ministry of Health and Family Welfare.
- The e-book of NHP was also released by the ministry, as digital documents give us an opportunity for wider dissemination of information.
Overseas Citizen Permitted to Enroll in NPS
- Pension Fund Regulatory and Development Authority (PFRDA) is a statutory Authority that functions to regulate, promote and ensure orderly growth of the National Pension System (NPS).
- Earlier, NPS was notified for central government employees joining service after 1st Jan 2004 and was later adopted by state governments employees.
Banking
Penalty Imposed on TMB
- RBI has imposed Rs 35 Lakh penalty on TMB for non-compliance of provisions issued by RBI on “Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016”.
- RBI is vested with powers under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 to impose such penalty.
RBI imposed Penalty on Jalgaon Peoples Co-operative Bank Ltd
- RBI has imposed the penalty with the power vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949.
- On 1st March 2018, the statutory inspection of the bank was conducted by RBI, with reference to the financial position of the Bank.
RBI imposed Penalty on Janata Sahakari Bank Ltd
- RBI has imposed a monetary penalty of Rs 1 crore on Janata Sahakari Bank Ltd., Pune by an order dated 16th October 2019.
- RBI has imposed the penalty with the power vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949.
RBI imposed Penalty on Bandhan Bank Limited
- The penalty has been imposed for the for non-compliance with the guidelines on promoter holding contained in ‘Guidelines for Licensing of New Banks in Private Sector’, read with the conditions imposed by RBI in the exercise of powers under section 22 of the Banking Regulation Act, 1949.
- RBI is vested with powers under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 to impose the penalty.
Reports
India ranks 63rd in World Bank’s Doing Business Report
- The DBR ranks countries on the basis of Distance to Frontier (DTF) and this year India’s DTF score improved to 71.0 from 67.23 in 2018.
- India has improved its rank in 7 out of 10 indicators that include Construction Permits, Registering Property, Getting Electricity, Starting a Business, Paying Taxes, Trading Across Borders and Resolving Insolvency.
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