Important Points @ Glance: Part 4
·
The
Supreme Court has banned diesel taxis from
operating in the national capital. Earlier in December last year, SC had
directed that all diesel taxis be converted to CNG by March 1. The deadline was
later extended to March 31 and then again to April 30.
·
India’s
first new conventional submarine in 16 years, Kalvari,
has finally begun its sea trials off Mumbai, giving much-needed fillip to the Navy.
Kalvari is Indian Navy’s first indigenous
Scorpene-class stealth submarine. Kalvari is the first of the India’s
six Scorpene-class submarines being built under the much-delayed Project 75.
The vessels are being built by Mazagon Dock Limited (MDL) in collaboration with
French company DCNS.
·
Union
Urban Development Minister Mr. Venkaiah Naidu recently flagged-off the much
awaited East-West corridor of Bangalore Metro Rail Corporation Limited (BMRCL)
– South India’s first underground metro.
·
The
government has approved proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area
spread over 4 hectares. The decision was taken by an inter-ministerial Board of
Approval (BoA) recently.
·
To
make easier doing business in India, the government has announced revocation of
the earlier requirement of landing certificates to be submitted by exporters
under the Merchandise Export from India Scheme (MEIS). The government has also
decided to extend the market coverage to all countries. Aimed to incentivise
merchandise exports, MEIS was introduced in the Foreign
Trade Policy (FTP) 2015-20, approved in April last year. The current
trade policy has merged all the earlier export promotion projects under two
plans – MEIS and the Served from India scheme (SFIS) – for services exporters.
Landing certificate is the proof of landing of the consignment in the
designated market.
·
NASSCOM
(National Association of Software and Services Companies) has inked a
partnership agreement with social networking site Facebook
to build a ‘product design initiative’ in the
country. This nation-wide initiative by NASSCOM is aimed at offering focused
programmes to build awareness around product design, training on design tools,
design lab, awards, design sprints and mentorship. This will be a flagship
programme of the NASSCOM Product Council. This will aim at supporting over 500
product start-ups on product design. It will also focus on training over 5,000
product designers in the next two years.
·
Gravitational
wave scientists have won $3m Special Breakthrough Prize
in Fundamental Physics. It will be shared among the founders of the Laser Interferometer Gravitational-Wave Observatory (LIGO)
group, Kip Thorne, Rainer Weiss, and Ronald Drever, and scores of physicists
and engineers on the team. The three founders will divide $1m between them,
with the remaining $2m (£1.35m) shared equally among the 1,012 other
researchers and engineers on the LIGO team.
·
Reliance
Power has won an in-principle approval of the Bangladesh government for the
first phase of the 3,000 megawatt LNG-based power plant. This will be the
largest foreign direct investment in Bangladesh with a potential investment of
over US$1.3 billion. This project can power the country’s rising demand for
electricity and will provide clean and green power contributing to the
Bangladesh’s goal of energy security.
·
Rajya
Sabha Chairman Hamid Ansari has accepted the resignation of Independent member
Vijay Mallya. A Member of Rajya Sabha who intends to resign has to intimate in
writing under his hand addressed to the Chairman, his intention to resign his
seat in the Council. Also, as per Rule 213 of Rajya Sabha procedures, the
resignation submitted by a member must be voluntary and genuine.
·
The
Union Cabinet chaired by the Prime Minister Mr. Narendra Modi has given its
ex-post facto approval for the Memorandum of Understanding (MoU) signed in
February, 2016 between Reserve Bank of India (RBI) and Central Bank of United
Arab Emirates (UAE) on co-operation concerning currency swap agreement. The MoU
commits that RBI and Central Bank of UAE will consider signing a bilateral
Currency Swap Agreement on mutually agreed terms and conditions, after
undertaking technical deliberations, subject to the concurrence of respective Governments.
The MoU will further strengthen the close economic relationship and cooperation
between India and United Arab Emirates. The swap agreement is also expected to
facilitate invoicing of bilateral trade in local currencies.
Important Points @ Glance: Part 2
Important Points @ Glance: Part 3
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