Current Affairs Current Affairs February 2019

  Following the attack in Jammu & Kashmir’s Pulwama that left 44 CRPF personnel dead, India has withdrawn the MFN (Most Favoured Nation) status that it had granted to Pakistan. The decision was taken during the Cabinet Committee on Security meeting held in New Delhi. India had granted the status to Pakistan in 1996, a year after WTO’s formation.
Source: ANI

  Appointments Committee of Cabinet (ACC) has appointed senior IRS officer Pramod Chandra Mody as chairman of Central Board of Direct Taxes (CBDT). He will succeed Sushil Chandra, who was recently appointed Election Commissioner. He is 1982 batch Indian Revenue Service (Income Tax cadre). Prior to this appointment, he was a member in CBDT.
Central Board of Direct Taxes (CBDT)
  • It is nodal policy-making body of Income Tax (IT) department functioning under Department of Revenue, Union Ministry of Finance.
  • It is a statutory authority established under The Central Board of Revenue Act, 1963.
  • It is supreme body in India for framing policies related to direct taxes and is also tasked to enforce direct tax laws in the country.

  •  Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM) was rolled out by the Ministry of Labour and Employment from 15 February 2019. The scheme announced in the Interim Budget was notified by the Ministry recently. As many as 42 crore workers are estimated to be engaged in the unorganized sector of the country.
    Following are the Salient Features of PM-SYM:
  • Minimum Assured Pension: Each subscriber under the PM-SYM, shall receive minimum assured pension of Rs 3000/- per month after attaining the age of 60 years.
  • Family Pension: During the receipt of pension, if the subscriber dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension received by the beneficiary as family pension. Family pension is applicable only to spouse.
  • Source- Press Information Bureau (PIB)

     India and the United States held India-U.S. Commercial Dialogue and India-U.S. CEO Forum in New Delhi. Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, chaired the meeting. The CEO Forum was co-chaired by Chairman, Tata Sons, N. Chandrasekaran and President and CEO of American Tower Corporation, Mr. James D. The MoU was signed between National Accreditation Board for Certification Bodies (NABCB) of India and ANSI National Accreditation Board (ANAB) of the United States for cooperation in matters related to accreditation.
    Source- PIB

      The Indian Government has signed a deal with the US under Fast Track Procurement (FTP) to avail the Indian Army with 72,400 new ‘Sig Sauer Assault Rifles’ which will overhaul the army’s inventory of frontline rifles. These Sig Sauer Assault rifles are 7.62*51 mm which are compact, robust, advance in technology and easy to maintain in field conditions. These new rifles will come at a cost of around Rs. 700 Crore and will be used by the army troops deployed along the 3,600 kmChina’s border.
    Source: Business Standard

      The Government of India, Government of Himachal Pradesh (GoHP) and the World Banksigned a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area, who have been facing severe water shortages and water-borne epidemics over the last few years. The Shimla Water Supply and Sewerage Service Delivery Reform Programmatic Development Policy Loan 1 is expected to improve water supply and sanitation (WSS) services in and around the iconic hill city of Shimla. The $40 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 4-year grace period and a maturity of 15.5 years.
    Source: Press Information Bureau

     NASA announced that its Opportunity Rover mission is complete after the rover failed to respond despite repeated trials since August 2018. The space agency inferred that a planet-encircling dust storm cut off communications with Opportunity on June 10, 2018, disabling its solar panels from storing power. Since then NASA has beamed over 830 unanswered rescue commands. The robotic rover, which wandered the surface of the red planet for over 15 years, was launched by NASA in July 2003 as a part of its Mars Exploration Rover program. It is survived by NASA’s Curiosity rover, which is now the only active robot on Mars.
    Source: The Money Control

      The last session of 16th Lok Sabha came to an end on 13th of February 2019. Giving the details for the tenure of 16th Lok Sabha, Parliamentary Affairs Minister Narendra Singh Tomar informed that there were a total number of 331 sittings for Lok Sabha.205 bills were passed and the productivity was 85%.  For Rajya Sabha, 154 bills were passed and the productivity was 68%. The just-concluded Parliament session provided 10 sittings spread just-concluded of 14 days. The productivity of Lok Sabha was 89% and that of Rajya Sabha was 8%. The Interim Budget for 2019-20 was presented the 1st of this month.
    Source- Press Information Bureau (PIB)

     Union Minister of Food Processing Industries Harsimrat Kaur Badal commissioned Godavari Mega Aqua Food Park at Tundurru Village in Bhimavaram Mandal, West Godavari District, Andhra Pradesh through video conferencing. The park is promoted by Godavari Mega Aqua Food Park Pvt. Ltd. It will be the first Mega Aqua Food Park operationalised exclusively for fish and marine products processing in the state of Andhra Pradesh. The Godavari Mega Aqua Food Park Pvt. Ltd has been set up in 57.81 acre of land at a cost of Rs. 122.60 crores.
    Source- Press Information Bureau (PIB)

      Prime Minister Narendra Modi addressed the CREDAI YouthCon -19 in New Delhi’s Talkatora Stadium. The event is organized by the Confederation of Real Estate Developers’ Association of India, CREDAI. The theme for this YouthCon is ‘Next Generation’.  The annual conference will bring together the next generation of real estate builders and developers to enlighten their young minds and share their thinking and approach. He will also visit the exhibition organized by CREDAI.
    Source- Press Information Bureau (PIB)


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