Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 04 - SEPTEMBER - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 04 - SEPTEMBER - 2016
Monday, 12 September 2016 06:27

 

 

 


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DAILY NEWS UPDATES

04- SEPTEMBER - 2016

 

:: NATIONAL ::

SC QUASHED THE ACQUISITION OF LAND IN SINGUR

  • The Supreme Court quashed the CPI (M)-led West Bengal government’s acquisition of 997 acres of agricultural land for industry captain Tata Motors’ Nano “small car” plant in Singur.
  • Judgement said though it is “completely understandable” for the government to acquire land to set up industrial units, the “brunt of development” should not be borne by the “weakest sections of the society.”
  • The judgment questions the former CPI(M) government’s acquisition of the land over the objections raised by farmers and even proceeding to install equipment and factory machinery.
  • The acquisition had seen widespread protests in the State, compelling the Tatas to shift base to Gujarat in 2008.
  • The issue led to an electoral victory for the Mamata Banerjee government, which went on to enact the Singur Land Rehabilitation and Development Act in 2011 to re-claim the land from the Tatas.

ELECTION COMMISSION ISSUED DIRECTIONS FOR USE OF AN INTEGRATED VIOLET SKETCH PEN

  • The Election Commission issued directions for use of an integrated violet sketch pen of “approved” design, which would be manufactured by a particular firm, in future Rajya Sabha and Legislative Council polls.
  • The decision comes over two months after votes of 12 Congress legislators marked using a “wrong” pen were declared invalid in Rajya Sabha polls in Haryana.
  • In its order, the Election Commission said: “integrated violet sketch pen of specific design and manufactured by a particular firm, both approved by the Election Commission of India, shall be used in all future elections”.

HUNDREDS OF TONNES OF GOLD COULD BE RECOVERED FROM OLD ELECTRONIC DEVICES NOW

  • Hundreds of tonnes of gold could be recovered from old electronic devices such as smartphones, TV sets and computers each year, thanks to a simple chemical method developed by researchers.
  • Current methods for extracting gold from old gadgets are inefficient and can be hazardous to health, as they often use toxic chemicals such as cyanide, researchers said.
  • Electrical waste — including old mobile phones, televisions and computers — is thought to contain as much as seven per cent of all the world’s gold, a key component of the printed circuit boards found inside electrical devices.
  • Improving how the precious metal is recovered from discarded electronic devices could help reduce the environmental impact of gold mining and cut carbon dioxide emissions.
  • They developed a simple extraction method that does not use toxic chemicals and recovers gold more effectively than current methods.
  • The finding could help salvage some of the estimated 300 tonnes of gold used in electronics each year, researchers said.
  • The findings could aid the development of methods for large-scale recovery of gold and other precious metals from waste electronics, researchers said.

ENEMY PROPERTY ORDINANCE APPROVED BY THE CABINET

  • The Union Cabinet gave ‘post facto approval’ to the ordinance, a first in the independent parliamentary history of the country, promulgated by President Pranab Mukherjee to amend the Enemy Property Act.
  • Since the government could not get the required parliamentary approval in the just-concluded session, PM Modi invoked Rule 12 of business and transactions to seek re-promulgation of the ordinance by the President.
  • The amended provisions are to guard against claims of succession or transfer of properties left by people who migrated to Pakistan and China after the wars in 1965 and 1962.
  • Thanks to the amended version now, once a property is deemed as enemy property, no claims of ownership will be entertained, even if classification of the enemy changes in due course of time.
  • In the last two years, questions have been raised on the frequent recourse of the Modi government to the ordinance route and whether the President should have assented to all the governments for issue of ordinances.

:: INTERNATIONAL ::

DILMA ROUSSEFF WAS STRIPPED OF THE BRAZIL’S PRESIDENCY

  • Brazil’s Dilma Rousseff was stripped of the country’s presidency in a Senate impeachment vote, ending 13 years of Leftist rule in Latin America’s biggest economy.
  • Ms. Rousseff (68) was convicted by 61 of the 81 Senators of illegally manipulating the national budget. The vote, passing the needed two-thirds majority, meant she was immediately removed from office.
  • Brazil’s first woman President, holed up in the presidential palace on the outskirts of the capital Brasilia with close aides, was expected to make a statement soon after the vote.
  • Her Vice-President-turned-bitter-political-enemy, Michel Temer, was to be sworn as her replacement
  • Ms. Rousseff, from the leftist Workers’ Party, is accused of taking illegal state loans to patch budget holes in 2014, masking the country’s problems as it slid into its deepest recession in decades.

CHINA WILL PROVIDE AT LEAST 8 SUBMARINES TO PAKISTAN

  • Pakistan will acquire at least eight modified diesel-electric attack submarines from China by 2028 in a nearly $5 billion agreement, said to be the biggest arms export deal for Beijing.
  • China is expected to extend a long term loan to Pakistan at a low interest rate to cover the cost of the project, the report said.
  • It has not officially been confirmed what type of submarines will be supplied to the Pakistan Navy by the China Shipbuilding Trading Company (CSTC).
  • The first four submarines are expected to be delivered by the end of 2023 while the remaining four will be assembled in Karachi by 2028.
  • China is Pakistan’s biggest supplier of military hardware and the two jointly manufacture J-17 Thunder warplane.
  • Pakistan’s submarine fleet comprises five Agostas of which one — Hamza (Khalid Class) — was indigenously constructed and commissioned in 2008.

:: BUSINESS AND ECONOMY ::

FIRST QUARTER SAW DECLINE IN GDP GROWTH

  • India’s Gross Domestic Product (GDP) growth slowed to 7.1 per cent in the first quarter of this financial year, with private consumption still the mainstay of the expansion.
  • GDP growth stood at 7.9 per cent in the fourth quarter (January-March) of the previous financial year and at 7.5 per cent in Q1 of 2015-16.
  • The slowdown in the first quarter of this year was mainly driven by a slowdown in mining, construction and agriculture sectors.
  • The construction sector grew at only 1.5 per cent in Q1 of 2016-17 compared with 5.6 per cent in the same quarter of the previous year.
  • The mining sector saw a contraction of 0.4 per cent in Q1 of 2016-17 compared with a strong growth of 8.5 per cent in April-June last year.
  • In agriculture, the effect of a better monsoon will be reflected more in the next quarter rather than in April-June.
  • The sector grew at 1.8 per cent in the period under review compared with 2.6 in the same quarter of the previous year.
  • Another concern is to do with the imbalance between private consumption and capital formation, with the former being the main bolster for growth.
  • Private consumption expenditure grew 6.8 per cent in the first quarter, slightly slower than the 6.9 per cent in the year earlier period.

UNION CABINET APPROVAL FOR PERMANENT RESIDENCY STATUS TO ALL FOREIGN INVESTORS

  • The Union Cabinet approved a scheme to grant permanent residency status (PRS) to all foreign investors, except those from Pakistan, subject to the relevant conditions.
  • The PRS will be granted for a period of 10 years with multiple entry, the Centre added.
  • In order to avail this scheme, the foreign investor will have to invest a minimum of Rs.10 crore to be brought within 18 months or Rs.25 crore to be brought within 36 months
  • The Cabinet also gave its ex-post facto approval for the FDI policy amendments which opened up FDI norms for almost all sectors including food manufacturing, defence, broadcasting, pharmaceuticals, civil aviation etc.
  • The Cabinet also gave its approval to create a Project Development Fund (PDF) with a corpus of Rs.500 Crore “for catalysing Indian economic presence in Cambodia, Laos, Myanmar and Vietnam”.
  • The Cabinet Committee on Economic Affairs approved a Rs.1,145 crore project at Mormugao Port for the redevelopment of berths on public private partnership (PPP) mode.

SCHEME TO PROMOTE ELECTRIC AND HYBRID VEHICLES WILL HELP SAVE FUEL

  • The Centre’s scheme to promote electric and hybrid vehicles in the country will help save fuel worth Rs.60,000 crore.
  • The environment is one of the biggest concerns for the (auto) sector. Govt has therefore allocated Rs. 14,000 crore for the FAME scheme for promoting hybrid and electric mobility which will save Rs.60,000 crore fuel.
  • In April 2015, to promote eco-friendly vehicles, the government unveiled the FAME India, offering incentives on electric and hybrid vehicles of up to Rs.29,000 for bikes and Rs.1.38 lakh for cars.
  • The scheme is part of the National Electric Mobility Mission Plan.

:: IMPORTANT DETAILED NEWS ::

UNION CABINET APPROVED GRANT OF PERMANENT RESIDENCY STATUS TO FOREIGN INVESTORS

The Union Cabinet approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified by the Government from time to time.

It is expected that the scheme would encourage foreign investment in India and facilitate Make in India Programme.

Key Highlights

• Under the Scheme, suitable provisions will be incorporated in the Visa Manual to provide for the grant of PRS to foreign investors.

• The PRS will be granted for a period of 10 years with multiple entries.

• This can be reviewed for another 10 years if the PRS holder has not come to adverse notice.

• The scheme will be applicable only to foreign investors fulfilling the prescribed eligibility conditions, his/her spouse and dependents.

• In order to avail this scheme, the foreign investor will have to invest a minimum of 10 crores rupees to be brought within 18 months or 25 crores rupees to be brought within 36 months.

• Further, the foreign investment should result in generating employment to at least 20 resident Indians every financial year.

Apart from this, the Permanent Residency Status (PRS) will be granted for a period of 10 years initially with multiple entry facility, which can be renewed for another 10 years. PRS will serve as a multiple entry visa without any stay stipulation and PRS holders will be exempted from the registration requirements.

PRS holders will be allowed to purchase one residential property for dwelling purpose. The spouse/dependents of the PRS holder will be allowed to take up employment in private sector (in relaxation to salary stipulations for Employment Visa) and undertake studies in India.

AISHWARYAA R DHANUSH APPOINTED AS UN WOMEN’S ADVOCATE FOR GENDER EQUALITY AND WOMEN’S EMPOWERMENT IN INDIA

United Nations Assistant Secretary-General and UN Women Deputy Executive Director Lakshmi Puri announced the appointment of Aishwaryaa Rajinikanth Dhanush as UN Women’s Advocate for Gender Equality and Women’s Empowerment in India.

Film director, classical dancer and writer, Aishwaryaa will help raise awareness of UN Women’s core messages of gender equality and women’s empowerment across India. The act will boost the organisation’s efforts to close the gender gap and achieve a more equal world – a Planet 50-50– by the year 2030.

With this, Aishwaryaa joins the esteemed list of Farhan Akhtar, Sania Mirza, Emma Watson, Nicole Kidman and Anne Hathaway, who have teamed up with UN Women to work for gender equality and the empowerment of women.

About Aishwaryaa Rajinikanth Dhanush

Aishwaryaa is a leading film director and a startup entrepreneur.

She is the elder daughter of actor Rajinikanth.

She made her feature film debut with 3 starring her husband Dhanush.

In 2015, she launched Ten Entertainment, a digital medium to promote short film content and new digital ventures.

She is currently working on a book, Standing On An Apple Box, which describes her life as a celebrity daughter, mother and wife.

GUJARAT BECOMES FIRST STATE TO DISTRIBUTE 2 CRORE LED BULBS UNDER UJALA

Gujarat has become the first state to distribute 2 crore LED bulbs under Unnat Jyoti by Affordable LEDs for All (UJALA) scheme.

The state achieved the milestone in only 96 days. Over 42 lakh households have benefitted from the scheme.

The distribution of 2 crore LED bulbs has led to an annual energy savings of 259 crore kWh, which is equivalent to lighting up 5 lakh Indian homes for an entire year. Besides, Gujarat has also benefitted from daily CO2 emission reduction of 5000 tonnes.

Energy Efficiency Services Limited (EESL), under the administration of Ministry of Power, Government of India, is distributing approximately 2 lakh bulbs daily in Gujarat.

About Unnat Jyoti by Affordable LEDs for All

UJALA was launched by Prime Minister Narendra Modi on 1 May 2015.

The scheme replaced the Bachat Lamp Yojana.

Within 1 year of its launch, 9 crore LED bulbs were sold in the country, reducing their electricity bills by 55 billion rupees.

The scheme was announced as Domestic Efficient Lighting Programme (DELP) on 5 January 2015.

The scheme urged the people to use LED bulbs in place of incandescent bulbs, tube lights and CFL bulbs as they are more efficient, long lasting and economical in their life cycle duration.

With this scheme, the government's target is to replace 77 crore incandescent bulbs in India with LEDs by 2019. It will lead to an expected reduction in installed load of 20000 MW with an annual estimated savings of over 100 million kwh and an annual reduction of 400 billion rupees in electricity bills.

MOUD AND AMAR CHITRA KATHA SIGNS MOU TO PUBLISH AND DISTRIBUTE COMIC BOOK ON SWACHH BHARAT MISSION

The Ministry of Urban Development (MoUD) signed a Memorandum of understanding (MoU) with Amar Chitra Katha to publish and distribute a special edition of a comic book. The comic book will focus on Swachh Bharat Mission.

The 32-page comic book will carry messages pertaining to sanitation and solid waste components of Swachh Bharat Mission.

Key highlights of the comic book

The book would comprise a series of inspirational stories from the mission, cleanliness rankings of cities, the public figures and ambassadors, environmental impact.

It will also contain stories of individuals and organizations that can inspire children to the concept of Swachhata.

There will be an interactive workbook of tips and tricks, which children can use to clean their own areas.

It will also include a section about how to organize community cleanliness drives.

Amar Chitra Katha will be developing and creating the special edition comic book in English. It will also be translated into Hindi.

In order to ensure large scale dissemination of these stories, MoUD will distribute them through national school boards like CBSE, Kendriya Vidyalaya and Navodaya Vidyalaya.

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