News Updates & Current Affairs 6 August 2015
1. Union Cabinet gives nod to Direct Release of Wages into bank accounts of MNREGA workers
2. Asia’s biggest telescope MAST inaugurated at Udaipur Solar Observatory in Rajasthan
Multi-Application Solar Telescope (MAST), Asia’s biggest telescope was inaugurated at the Udaipur Solar Observatory in Rajasthan. It was inaugurated by Professor U.R Rao, Chairman of Physical Research Laboratory.
3. Mathematician Dr. Amalendu Krishna wins 2015 Ramanujan Prize
=Mathematician Dr. Amalendu Krishna has won the Ramanujan Prize for year 2015. He has been bestowed with this award for his outstanding contributions in the area of algebraic cycles, algebraic K-theory and the theory of motives.
4. IDFC Bank to start operations from October
IDFC Bank is set to start lending operations from October 1.The stage is set for this with the Reserve Bank of India (RBI) granting IDFC Bank licence for undertaking banking business, said IDFC in a notification to bourses.
5. NDDB wins award for geographical info system
The National Dairy Development Board (NDDB) on Tuesday said it has won the Esri Special Achievement in GIS Award 2015 for exemplary work in Dairy Geographical Information System.
6. Delhi Government decides to have tram network in Old Delhi
8. Union Cabinet approves proposal to sign agreement with UNESCO
Union Cabinet gave its nod to a proposal to sign an agreement with UNESCO for establishment of a Centre for World Natural Heritage Management and Training for Asia-Pacific region. This centre will be established as a category-2 centre (C2C) of the UN body at the Wildlife Institute of India (WII) in Dehradun, Uttarakhand. By signing this agreement WII Dehradun will be first existing institute to be accorded recognition by UNESC.
9. Parliament passes Delhi High Court Amendment Bill, 2015
Parliament of india Parliament has passed the Delhi High Court Amendment Bill, 2015. Firstly it was passed in Rajya Sabha in May 2015 and later on 5 June 2015 it was passed in Lok Sabha by a voice vote. The Bill seeks to amend the Delhi High Court Act, 1966 in order to reduce the workload of the Delhi High Court. Key highlights of Bill Increases pecuniary jurisdiction of the Delhi high court over suits above the value of 2 crore rupees from present 20 lakh rupees. Thus, it will reduce work load of Delhi High Court in case of civil suits by transferring them to 9 district courts in the National Capital Territory of Delhi. Empowers the Chief Justice (CJ) of the Delhi High Court to transfer any pending suit to a relevant subordinate court. It should be noted that, pecuniary jurisdiction refers to the jurisdiction of a court over a suit based on the amount or value of its subject matter. Read More
10. Union Cabinet gives nod to hiving off BSNL towers to a new company
Union Cabinet has approved hiving off Bharat Sanchar Nigam Limited (BSNL) mobile towers into a new company. Decision in this regard was taken in Union Cabinet meeting presided by Prime Minister Narendra Modi in New Delhi. This move will help state owned telecommunications giant to realign its structure in the highly competitive telecom sector in lines with private players. Read More
11. India, Mozambique ink MoU to boost ties in New and Renewable Energy sector
India and Mozambique agreed to deepen cooperation in New and Renewable Energy. In this regard both sides inked Memorandum of understanding (MoU) on expanding cooperation in energy sector. It was signed after delegation level talks between Indian Prime Minister Narendra Modi and his counterpart Filipe Nyusi, President of Mozambique who is on official 5 day visit to India. Apart from this, both nations also agreed ways to intensify cooperation in maritime security and ocean economy as both have large coastlines and are linked by Indian Ocean. India and Mozambique Relations India and Mozambique share a history of profitable trade relations and there bilateral trade in 2014-15 valued at US 2.4 billion dollars. Read More
12. Bihar Assembly passes Bihar Public Grievance Redressal Bill, 2015
Bihar Assembly has passed Bihar Public Grievance Redressal Bill, 2015. It was passed by a voice vote. The bill seeks to empower people of state and provide legal rights to them for redressal of their complaints within a time-frame. Key provisions of Bill Duty-bound binding rules on government servants to dispose grievances of the people in a time-bound manner. Failure to do so it time will amount to misconduct for which errant officials could be dismissed from service. Read More
13. Russia renews bid for Arctic regions
Russia has renewed its efforts to get the United Nations (UN) recognition for 1.2 million square kilometers of the Arctic shelf region which it claims to be its sovereign territory. In this regard, Russia has forwarded its fresh bid to UN Commission on the Limits of the Continental Shelf backed by scientific data. However all other 4 countries bordering the Arctic viz. Norway, Denmark, Canada and the US have rejected Russia’s claim. It should be noted that earlier in 2001, UN had rejected Russia’s similar claim over the resource rich territory on the northern tip of Earth because of insufficient evidence. Background of Territorial dispute over Arctic There is territorial dispute between all 5 countries bordering the Arctic over its energy rich potential which is believed to hold up to a quarter of the world’s undiscovered oil and gas. These 5 countries claiming their own sovereignty over this region are Denmark, Canada, Norway, US and Russia. Read More
14. ILO, FICCI ink MoU to boost MSME productivity
The International Labour Organisation (ILO) and Federation of Indian Chambers of Commerce and Industry (FICCI) have inked MoU to impart training to Micro, Small & Medium Enterprises (MSMEs) to make them competitive and boost productivity. The MoU was signed as part of the second phase of Sustaining Competitive and Responsible Enterprises (SCORE) Global Programme. The second phase covers three years period from January 2014 to December 2017 wherein national institutes will provide training to MSMEs.
News Updates from earlier this month