Daily Current GK Update
16 February, 2019
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India-U.S. Commercial Dialogue and CEO Forum held in New Delhi
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
India withdraws Most Favoured Nation (MFN) status to Pakistan
Following the attack in Jammu & Kashmir’s Pulwama that left 44 CRPF personnel dead, India has withdrawn the MFN (Most Favoured Nation) status that it had granted to Pakistan.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
India signs legal agreements with The World Bank
The Government of India, Government of Himachal Pradesh (GoHP) and the World Bank signed 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
PC Mody appointed as chairman of CBDT
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.
Source: – Central Board of Direct Taxes (CBDT)
CBDT chief Sushil Chandra appointed as Election Commissioner
President Ram Nath Kovind appointed Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra as an Election Commissioner. The post had fallen vacant after the appointment of the then Election Commissioner Sunil Arora as Chief Election Commissioner on superannuation of his predecessor O.P. Rawat in December 2018.
Former bureaucrat Ashok Lavasa is the first and senior-most Election Commissioner. A 1980-batch Indian Revenue Service (IRS) official, Mr. Chandra is an IIT graduate. His appointment comes weeks ahead of the Lok Sabha elections.
Source: – The Hindu
India signed deal with US to procure 72,400 Assault Rifles
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 km China’s border.
Source: – Business Standard
Pradhan Mantri Shram Yogi Maan Dhan implemented in India
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.