Daily Current Affairs 16th March, 2017

Daily Current Affairs 16th March, 2017

INTERNATIONAL

Pakistan successfully test-fires land based anti-ship missile

  • Pakistan Navy has successfully test-fired ground-to-sea missile from the coastal region on March 16, 2017.
  • The trial was witnessed by Vice Chief of Naval Staff Admiral Khan Hisham Bin Siddique.
  • The missile is equipped with modern technology avionics,  secured a hit on a target placed at sea with a high degree of accuracy .
  • Would strengthen Pakistan’s defence and operational capabilities . Hence officials didn’t give any detail about the missile include it’s name.

NATIONAL

Cabinet approves 2{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} additional DA for Central Government employees

  • The Union Cabinet has approved 2{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} additional Dearness allowance for Central government employees and Dearness relief for pensioners.
  • It will be effective from 1 January, 2017. This decision will benefit about 48.85 lakh Central government employees and 55.51 lakh pensioners.
  • Its combined impact on the exchequer will be over 6,833 crore rupees in 2017-18 for a period of 14 months from January, 2017 to February, 2018.

Amarinder Singh sworn-in as CM of Punjab Senior Congress leader

  • Captain Amarinder Singh was sworn in as 26th Chief Minister of Punjab.
  • He was administered the oath of office and secrecy by Governor VP Singh Badnore at Raj Bhawan in Chandigarh.
  • Besides him, 7 ministers including Navjot Singh Sidhu also sworn in as cabinet ministers.

Inter-state River Water Disputes (Amendment) Bill, 2017 introduced in Lok Sabha

  • The government has introduced Inter-State River Water Disputes (Amendment) Bill, 2017 in Lok Sabha.
  • The Bill proposes a Single Standing Tribunal (with multiple benches) instead of existing multiple tribunals, which shall consist of one Chairperson, one Vice-Chairperson and not more than six other Members. While the term of office of the Chairperson is five year or till he attains the age of 70 years, whichever is earlier, the term of office of Vice Chairperson and other member of tribunal shall be co-terminus with the adjudication of the water dispute.
  • The Bill also provides for the appointment of Assessorsto provide technical support to the tribunal. They shall be appointed from amongst experts serving in the Central Water engineering Service not below the rank of Chief Engineer.
  • The total time period for adjudication of dispute has been fixed at maximum of four and half years. The decision of the Tribunal shall be final and bindingwith no requirement of publication in the official Gazette.
  • The Bill also proposes to introduce mechanism to resolve the dispute amicably by negotiations, through a Dispute Resolution Committee (DRC)to be established by the Central Government consisting of relevant experts, before such dispute is referred to the tribunal.
  • The Bill also provides for transparent data collection systemat the national level for each river basin and for this purpose, an agency to maintain data-bank and information system shall be appointed or authorized by Central Government.

Cabinet approves setting up of 50 Kendriya Vidyalayas

  • Fifty new Kendriya Vidyalayas (KVs) will be established across the country to provide quality education to around 50,000 students with the Cabinet giving a go ahead to the project.
  • The schools, which will be set up under the civil sector for classes 1 to 5.
  • By providing a common syllabus and system of education, the KVs are intended to ensure that the children of government employees do not face education disadvantages while their parents are transferred from one location to another.

Govt approves National Health Policy

  • The government has approved the National Health Policy which proposes to provide assured health services to all in the country.
  • The policy was approved at the meeting of Union Cabinet chaired by Prime Minister Narendra Modi in New Delhi.  The policy increases the gambit of sectors covered in the Primary Health Centre (PHC) level and envisages a comprehensive approach.

About National Health Policy

  • It aims to raise public healthcare expenditure to 2.5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of GDP from current 1.4{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}, with more than two-thirds of those resources going towards primary healthcare.
  • It envisages providing a larger package of assured comprehensive primary healthcare through the ‘Health and Wellness Centers’.
  • It is a comprehensive package that will include care for major non-communicable diseases (NCDs), geriatric healthcare, mental health, palliative care and rehabilitative care services.
  • It proposes free diagnostics, free drugs and free emergency and essential healthcare services in all public hospitals in order to provide healthcare access and financial protection.
  • It seeks to establish regular tracking of disability adjusted life years (DALY) Index as a measure of burden of disease and its major categories trends by 2022.
  • It aims to improve and strengthen the regulatory environment by putting in place systems for setting standards and ensuring quality of healthcare.
  • It also looks at reforms in the existing regulatory systems both for easing drugs and devices manufacturing to promote Make in India and also reforming medical education. It advocates development of mid-level service providers, public health cadre, nurse practitioners to improve availability of appropriate health human resource.

Targets:

  • It aims to ensure availability of 2 beds per 1000 population to enable access within golden hour. It proposes to increase life expectancy from 67.5 to 70 years by 2025.
  • It aims to reduce total fertility rate (TFR) to 2.1 at sub-national and national level by 2025.
  • It also aims to reduce mortality rate (MR) of children under 5 years of age to 23 per 1000 by 2025 and maternal mortality rate (MMR) to 100 by 2020.
  • It also aims to reduce infant mortality rate to 28 by 2019 and reduce neo-natal mortality to 16 and still birth rate to ‘single digit’ by 2025.

ECONOMY

State Bank of India signs MoU with CREDAI

  • State Bank of India and real estate developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) have signed a memorandum of understanding (MoU) to jointly conduct various initiatives towards development of the realty sector.
  • The MoU will be in force for a period of 3 years.
  • CREDAI is the largest real estate association in the country with over 11,500 members.

HDFC Bank to offer online loans against securities

  • HDFC Bank launched an instant digital Loan Against Securities (LAS) facility in collaboration with the National Securities Depository Ltd.(NSDL).
  • The bank stated that customers can avail themselves of overdraft facility against shares in three steps:

(a) Select the shares to be pledged on net banking

(b) Accept agreement through one-time password (OTP)

(c) Pledge the shares with NSDL online through OTP.

  • Demat customers can calculate their eligibility for overdraft limit against shares, and open a current account instantly.

SEBI allows celebrities to endorse mutual fund products at industry level

  • The Securities and Exchange Board of India (SEBI) has allowed celebrities to endorse mutual fund products at the industry level purpose of increasing awareness of mutual funds as a financial product category.
  • However, such endorsements will be not used as a branding exercise of an asset management company or promoting scheme of a particular mutual fund.
  • Prior approval of SEBI will be required for issuance of such advertisements which feature celebrities.
  • SEBI also issued new advertising code that will require fund houses to communicate in a simple manner with the public.

 

 

 

 

 

 

 

 

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