Current Affairs Today
The Mumbai bench of the National Company Law Tribunal (NCLT) ordered the liquidation of the bankrupt Reid & Taylor following the bidder’s failure to meet eligibility criteria.
However, it asked the Resolution Professional (RP) to ensure that the brand is sold as a going concern and protect the interest of the workers. However, Reid & Taylor Employees Association has decided to challenge the liquidation order at the appellate tribunal NCLAT.
The move came after the representatives of India Gas failed to satisfy the mandatory net worth of Rs.50 crore and other bonafide, even though it was ready to make the Rs.2 crore non-refundable earnest money deposit.
The Chandigarh Lawn Tennis Association (CLTA) signed a deal with Club Atletico Montemar (CAM), Spain, for a five-year period, to ensure a high standard of training for its trainees.
The protocol, signed by CLTA president Jai Singh Gill and the Founder-Director of CAM, Joaquin Perez Roman, at the CLTA Complex, would help the trainees get two weeks of training every season from the visiting experts.
The coach and trainer who visit the CLTA from Spain will try to upgrade training facilities and provide the latest skills. Four trainees of CLTA’s rural scheme CHART will also visit Spain for two to three weeks to learn international techniques.
The foundation stone for the Patna Metro Rail project is to be laid down in March by Prime Minister Narendra Modi. Bihar Urban Development minister, Suresh Sharma said there was an in-principle agreement to get the foundation stone laid here by Modi at the NDAs rally on March 3.
The Detailed Project Report for Patna Metro Rail was cleared by the State Cabinet in October 2018. Respective state unit chiefs of the JD(U), the BJP and the LJP the three constituents of the NDA in Bihar had recently announced that top leaders of the coalition will be attending the rally which would be a veritable show of strength before Lok Sabha polls are announced.
Saudi Arabia announced the launch of its first satellite for communications from the French Guiana Space Centre. Khaled bin Abdulaziz Al-Falih, minister of Energy, Industry and Mineral Resources, said the launch aims at localizing strategic technologies and enabling Saudi young people to work with state-of-the-art technologies in the field of satellite development and manufacturing.
The satellite and will offer multiple applications including broadband telecommunications and secure communications for remote and disaster-stricken areas.
The satellite SGS-1 aims to employ advanced Ka-band capabilities to enable space communications at ultra-fast speeds, and will offer multiple applications including broadband telecommunications and secure communications for remote and disaster-stricken areas.
The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC). This is to be done through the International Financial Services Centres Authority Bill, 2019.
Aim is to encourage the Indian companies that are conducting business in foreign financial centres, to bring that business to India by providing them with a global-standard regulatory. Currently, the banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators like RBI, SEBI and IRDAI.
Pradhan Mantri Jan Arogya Yojana (PM-JAY) App has been launched on Google play store. Ayushman Bharat Yojana or Pradhan Mantri Jan Arogya Yojana (PM-JAY) is a centrally sponsored scheme. The scheme was launched in the year 2018 under the Ayushman Bharat Mission of MoHFW in the country.
This scheme aims at making interventions in primary, secondary and tertiary care systems, covering both preventive and promotive health, to address healthcare holistically. Moving ahead to digitalization this app is now available on Google Play store.
The Reserve Bank of India imposed a penalty of Rs.1 crore on Syndicate Bank due to non-compliance with the directions regarding frauds and risk management systems. RBI also imposed fine of Rs.20 lakh on Axis Bank for violating norms.
♦ Founded in: 1925
♦ Headquarters: Udupi, Karnataka
♦ Non-Exe Chairman: Ajay Vipin Nanavati
♦ MD & CEO: Mrutyunjay Mahapatra
♦ Syndicate bank is owned by the Government of India
Air India chief Pradeep Singh Kharola appointed as Civil Aviation secretary.
He will succeed Rajiv Nayan Choubey who retired on January 31, 2019, after the resignation he took over as a member in the Union Public Service Commission (UPSC).
Ministry of External Affairs appointed Sanjiv Ranjan as the Ambassador of India to the Republic of Colombia.
Presently he is the Ambassador of India to Argentina. Ranjan who is a 1993 batch Indian Foreign Service officer
Ministry of External Affairs:
Formed: September 1946
Headquarters: Raisina Hill, New Delhi
Minister: Sushma Swaraj
The Ministry is responsible for the conduct of foreign relations of India
Official languages: Spanish
President: Ivan Duque
Currency: Peso (COP)
The government has requested the Reserve Bank of India (RBI) for providing an interim surplus for the financial year 2018-19 on the analogy of previous financial year and transfer of the amount withheld from the surplus of 2016-17 and 2017-18.
The RBI is unlikely to give in to the government’s demand for transferring funds that were set aside for contingency reserves in 2016-17 and 2017-18. A total of Rs.27,330 crore was set aside by the RBI for the contingency fund. Rs.13,140 crore in FY17 and Rs.14,190 crore in FY18.
The contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises.
State Bank of India’s UK chief Shri Sanjiv Chadha honoured with the ‘Freedom of the City Of London’ by city of London Corporation.
Sanjiv Chadha was nominated for the honour by Lord Mayor of London Peter Estlin and Sheriff Vincent Keaveny.
Sanjiv Chadha took up the position in 2014 and he will be succeeded by Sharad Chandak.
The genesis of the ‘Freedom of the City of London’ is traced to the medieval time of around 123.
About State Bank of India
♦ Headquarter: Mumbai
♦ Chairman: Shri Rajnish Kumar
Air India’s First ever Flight Simulator knew as ‘Boeing 747-200’ was exhibited in Nehru Science Centre, Mumbai.
The Simulator was acquired by Air India in 1980, which is designed and manufactured by the CAE(Canadian Aviation Electronics), Canada.
The 21 years serviced Simulator is donated with a purpose to create awareness about the significance in the field of aviation among the public in general and students in particular.
Shri Babanrao Lonikar Maharashtra’s Minister for Water Supply and Sanitation and Shri Parameswaran Iyer Secretary, Ministry of Drinking Water and Sanitation were also present.
The World Bank supported the Darwaza Band -Part 2.
Three “Darwaza Band Part 2” films were launched by Amitabh Bachchan and dedicated re-adaptation of a poem of his father late Harivansh Rai Bachchan to the Swachh Bharat Mission “Swachh Tann, Swachh Mann, Swachh Bharat, Mera Parichay”
Over 50 crore people stopped defecating in the open since the launch of the Swachh Bharat Mission and with over 5.5 lakh villages have been declared Open Defecation Free (ODF) and the national sanitation coverage is now 98% compared to 39% in 2014.
About Swachh Bharat Mission
The mission was launched in 2nd October 2014.
It has two sub mission
Swachh Bharat Mission (Rural) under ministry of drinking water and sanitation.
Swachh Bharat Mission (Urban) under ministry of Urban Development
Union Minister of Textiles Smriti Irani launched the India Size project in Mumbai.
A first-of-its-kind project in the history of the country, India Size aims to arrive at a standard Indian Size for the ready-to-wear clothing industry, on the lines of the standardized sizes available in countries such as the USA and the UK.
India size project will benefit manufacturers, consumers and generate data which will help tap into the potential of the sector.
The Minister also launched a Study of Apparel Consumption in India.
The Ministry of AYUSH organized Second Conference of State AYUSH and Health Ministers conference in New Delhi.
It was inaugurated by the Minister of State for AYUSH (Independent Charge) and Health & Family Welfare Shripad Yesso Naik.
About the Conference
The programme is inaugurated to discuss about National AYUSH Mission (MAM), Integration of AYUSH services in Ayushman Bharat, Medicinal Plants, Ayurveda, Siddha, Unani and Homeopathy educational Institutes, Quality Control of Ayurveda, Siddha, Unani and Homeopathy drugs, Drugs Central Sector Schemes and special programmes and projects.