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  16th Mumbai Film Festival, organized by the Mumbai Academy of Moving Image (MAMI)  Swabhimaan  is a campaign of the Government of India which aims to bring banking services to large rural areas without banking services in the country. It was launched by Smt.Sonia Gandhi   1.   Israeli Prime Minister Benjamin Netanyahu  2.   Indian-srcin Singaporean poet and writer K.T.M. Iqbal will be awarded Cultural Medallion, the country’s highest cultural award by President Tony Tan Keng Yam on Thursday night in Singapore.  3.    With the appointment of former IMF economist Arvind Subramanian as the Chief Economic Adviser and Rajasthan cadre IAS officer Rajiv Mehrishi as the finance secretary    4. Modi is scheduled to visit Australia for the two-day G-20 summit in Brisbane starting November 15. He will be the first Indian Prime Minister to visit Australia since late Rajiv Gandhi, who visited the country in 1986. He will also be the first Indian Prime Minister to address the federal Parliament in Australia. 5.   Pandit Deendayal Upadhyay Shramev Jayate Karyakram’  Shramev Jayate (work alone triumphs) programme which includes portability through Universal Account Number for employee provident fund, single window portal to enable doing business with Labour Ministry and labour inspection scheme in central sphere skill development in Apprenticeship Protsahan Yojana launched Shram Suvidha Portal has simplified compliance of 16 labour laws, through a single online form. appointing National Brand Ambassadors of vocational training Once the Apprentices Amendment Bill passes through the Rajya Sabha it will create numerous jobs. 23 lakh people will undergo training. The revamped Rashtriya Swasthya Bima Yojana (RSBY) for workers in the unorganised sector will also be launched on the occasion. Two key areas of the reforms will be Shram Suvidha - a unified labour and industrial portal, where all data will be stored. The other will be the Labour Inspection Scheme, which aims at ending arbitrariness in the inspection mechanism. Inspection lists will now be made centrally and will be generated randomly by computer. Every inspection will have objective criteria and the report will have to be uploaded on the unified portal within 72 hours. This is radically different from the present system, under which units for inspection are selected locally, without any objective criteria, allowing inspectors to harass unit owners and even exploit them in cases of violation. Each of the six to seven lakh industrial units in the country will also get a unique Labour Identification Number, or LIN  6.   The All India Football Federation was on Wednesday assured of all help by the government as well as FIFA as far as hosting and successful conduct of the Under-17  World Cup in 2017 was concerned. 7.   Reserve Bank of Insia governor Raghuram Rajan has been conferred with the Best Central Bank Governor award for 2014 by Euromoney magazine.In January 2003, the  American Finance Association awarded Mr. Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40.  The other awards he has received include the global Indian of the year award from NASSCOM in 2011, the Infosys prize for the Economic Sciences in 2012, and the Center for Financial Studies-Deutsche Bank Prize for financial economics in 2013. 8.   Private sector non-life insurance company ICICI Lombard announced the launch of ‘self—service’ kiosks at three of its key branches in Mumbai, Delhi and Bengaluru, here today. The kiosks are designed to meet diverse customer requirements, including query update, status on claim processing, policy endorsement, printing of policy certificates and claim forms. The kiosks would also enable customers to renew their existing motor insurance and health insurance policies. They would also be able to extend their travel insurance policies at the click of a  button as well as benefit from faster response time and convenience with regard to their ICICI Lombard policies. 9.   Sushobhan Sarker has taken over as Director of the National Insurance Academy, Pune on September 29, 2014.He retired as Managing Director of Life Insurance Corporation of India (LIC) recently, and brings with him vast experience of the life insurance industry. 10.   Export-Import Bank of India has, at the behest of the Government of India, extended two additional Lines of Credit [LOCs] to Banco Exterior De Cuba, Cuba aggregating $7.76 million.  While one LOC (for $2.71 million) is for financing the setting up of a bulk blending fertilizer plant, the other (for $5.05 million) is for financing the modernisation of an injectable products plant.  With the signing of the above two LOC Agreements, Exim Bank, till date, has extended three Lines of Credit to Cuba, at the behest of the Government of India, taking the total value of LOCs extended to $12.76 million. Under the LOC, Exim Bank will reimburse 100 per cent of contract value to the Indian exporters, upfront upon shipment of goods. The LOC will be used for sourcing of goods and services from India. The main items that India exports to Cuba are pharmaceuticals, fine chemicals,  vehicles other than railway or tramway, organic chemicals, rubber manufactured products, and plastic products. The main items that India imports from Cuba are  vegetables, fruits, nuts and their preparations, pharmaceutical products, leather, raw hides and skin 11.   Karnataka Bank has signed a memorandum of understanding with TVS Motor for extending channel finance facility to the authorised dealers of the company. The bank  will provide channel finance on easy terms to eligible authorised dealers of the company, said a press release issued by the bank on Tuesday. Meera Aranha, General Manager of Karnataka Bank, and JS Srinivasan, Vice-President (Sales) of TVS Motor, signed the MoU in Bangalore recently.  12.   My Unforgettable Memories is the autobiography of Mamata Banerjee 13.   Mumbai becomes the fourth city in the country to have metro rail operations, besides Kolkata, Delhi and Bangalore.   The journey on the 11.4 km Versova- Andheri-Ghatkopar stretch will reduce to 20 minutes which otherwise takes around 90 minutes at present by road transport.  14.   India’s first monorail at Wadala.  8.93km route between Chembur and Wadala.  15.    Bollywood superstar Shah Rukh Khan was presented with the Global  Diversity Award 2014 for his outstanding achievements in the field of cinema and his involvement in philanthropic endeavours.  16.   Syed Muazzem Ali, has been appointed the new Bangladesh High Commissioner to India.Mr. Ali will replace Tariq A. Karim.  17.    Amitabh Bachchan, who successfully led the campaign to eradicate  Polio from the country, has now lent his support to the cleanliness drive ‘Banega Swachh India’.   18.   Prime Minister Narendra Modi’s  first radio broadcast- Man ki Baat  19.   Chennai Super Kings wins Oppo Champions League T20 final with 8  wickets.(v/s Kolkata Knight Riders)  20.   The 2014 SASTRA Ramanujan Prize will be awarded to Dr. James Maynard (27) of the Oxford University on Ramanujan’s birt h anniversary that falls on December 22 Peter Scholze in 2013.  21.   Celebrated every year on 9 January.   2014 12th Pravasi Bharatiya Divas New Delhi   Theme- Engaging Diaspora: Connecting Across Generations . 2015 13th Pravasi Bharatiya Divas Gujarat (Gandhinagar) Coincides with the 100th anniversary of the return to India from South Africa of the most well- known ‘pravasi’ –  Mahatma Gandhi  –  in 1915. Regional PBD will be held in London over two days in October this year. It will be the eighth such convention of Regional PBD (the last was in Sydney), and the first time it will be held in Britain.   Fiscal deficit target retained at 4.1%  of GDP for current fiscal 2.   Fiscal deficit target  3.6%  forr 2015-16 3.   Fiscal deficit target 3%  for 2016-17 4.   Revenue Deficit seen at  2.9% f  or FY15  5.    Aim to achieve  7-8  per cent economic growth rate in next 3-4 years 6.   Target Agriculture growth rate at 4 %   7.   Defence FDI cap raised to 49% from 26%  at present 8.   Insurance FDI cap raised to 49% from 26% at present 9.   Exemption limit on income tax from Rs. 2 lakh to Rs. 2.5 lakh . 10.   For senior citizens, the exemption on income has been raised to Rs. 3 la kh per annum. 11.   Tax-free cap on home loan interest from Rs. 1.5 to Rs. 2 lakh.   12.    Annual PPF ceiling to be improved to Rs 1.5 lakh from Rs 1 lak h 13.   Women Safety:   i.  Outlay of Rs. 50 crores for a pilot scheme on road safety ii.  Another 150 crores to be spent by MHA on safety on women in larger cities iii.  'Beti Bachao, Beti Padhao Yojana' - 100 crores   14.   Budget Allocate for National Rural Drinking Water - Rs 3600 cr    15.   Budget Allocate for (Rural housing) national housing banking programme - Rs 8000 crore   16.   Metro rails in PPP mode; for metro scheme in Ahmadabad and Lucknow - Rs. 100 cr    17.   Budget Allocate to set up virtual classrooms - Rs 100 crores   18.   Budget Allocate for setting up 5 more IIMs and IITs - Rs 500 crores   19.   Budget Allocate for SC development - Rs 50,548 cr   


Jul 23, 2017
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