25 July 2018 Current Affairs : PM in Uganda Parliament, Inter-Creditor Agreement, PCA Amendment Bill, Gauba committee for mob lynching, Tribal Atlas of Odisha

///25 July 2018 Current Affairs : PM in Uganda Parliament, Inter-Creditor Agreement, PCA Amendment Bill, Gauba committee for mob lynching, Tribal Atlas of Odisha
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This Daily Current Affair Capsule aims to be a time-saving tool for going through relevant news from national dailies and government releases on PIB. Aspirants for UPSC IAS, CDS, SSC CGL, NDA, etc. will find it highly useful to cover for revision and awareness purposes.

 

National Important Current Affairs – 25 July 2018

■ Prime Minister Narendra Modi arrived in Kampala, the capital of Uganda and held delegation-level talks with Ugandan President.

  • India and Uganda have also signed four MoUs in the areas of defence cooperation, visa exemption for official and diplomatic passport holders, cultural exchange programme and material testing laboratory.
  • India has also announced two Lines of Credit worth nearly 200 million US dollars to Uganda in energy, infrastructure, agriculture and dairy sectors.

Prime Minister Narendra Modi has also addressed Ugandan Parliament, the first ever by an Indian Prime Minister, saying Uganda is the pearl of Africa and a land of great wealth of resources and rich heritage

 

■ The Lok Sabha has passed the National Council for Teacher Education (Amendment) Bill to grant retrospective recognition to Central/State institutions that are conducting teacher education courses without NCTE approval. All these institutions running teacher education courses, such as B Ed and D.El.Ed will have to obtain recognition from the NCTE under section 14 of the NCTE Act.

Note that: The NCTE Act, 1993, came into force in 1995 and applies to all parts of India, except the State of Jammu and Kashmir.

 

■ The Lok Sabha has passed the Prevention of Corruption (Amendment) Bill, 2018. The punishment for both bribe givers and takers has been enhanced to make it a deterrent for the corrupt. The following important features of the bill are listed:

  • Increased punishment for bribe-taking: Minimum punishment of 3 yrs, extendable up to 7 yrs with fine; from the earlier 6 months, with extension up to 3 yrs.
  • Expansion of ‘Undue Advantage’ : The earlier limited definition of “undue advantage” expanded to now include “anything other than legal remuneration”.
  • Criminalisation of Gifts : Gifts received for established undue advantage/mala-fide motive are now considered an act of corruption.
  • Collusive bribe-givers: For the first time, the giving of bribe has now been made a direct offence on par with taking of bribe. At the same time, protection has been built-in against coercive bribery, as long as the victim comes forward within 7 days.
  • Corporate bribery criminalised: Superiors to be held if employee/agent has bribed with their approval, for advancement of the organisation’s interests.
  • Timely trial mandated: The investigation and trial to be concluded within 2 yrs, extendable up to 4 yrs.

 

■ Lok Sabha has also passed the Negotiable Instruments (Amendment) Bill, on cheque bounce cases, aimed to reduce the number of cheque dishonour cases pending in courts.

  • Now, the bill which amends the Negotiable Instruments Act 1881, will go to the Rajya Sabha for its nod. If bill gets Parliament’s nod, it will preserve the sanctity of cheque transactions by stopping the practice of people trying to deliberately delay cases through filing of appeals and obtaining stay a on proceedings.

This will provide for allowing a court trying an offence related to cheque bouncing to direct the drawer to pay interim compensation to the complainant.

  • The interim compensation, to be paid within 60 days of the court’s order, can be up to 20% of the value of the cheque.
  • The court may direct the payee to repay the interim compensation, with interest, if the drawer is acquitted.

 

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■ After his visit to Hathras (UP), Yogi Adityanath became the first Uttar Pradesh CM to visit all the 75 districts in the state within 16 months of his government’s rule.

 

■ The Centre has announced a 4-member committee to suggest laws against lynching and mob violence. The Committee will be headed by: Rajiv Gauba (Union Home Secretary).
This comes after the Supreme Court had condemned the recent spate of lynchings as “horrendous acts of mobocracy” and told Parliament to make lynching a separate offence.

Note that:  As per the Constitution, ‘Police’ and ‘Public Order’ are State subjects and State governments are responsible for controlling crime, maintaining law and order and protecting the life and property of the citizens.

 

■  The Odisha Government has unveiled first-ever ‘Tribal Atlas of Odisha’. This is a compilation of demographic and cultural information of the tribal population in the state.  It is first-of-its-kind tribal compilation in the country.
The book was published by SC and ST Research and Training Institute in collaboration with the Academy of Tribal Language and Culture (ATLC).

  • The atlas displays the salient features of tribal population of Odisha with a series of maps, charts and diagrams.
  • It contains 60 plates pf maps along with corresponding graphs and diagrams which portray the distributional aspects of the Odisha’s tribal population, ecological setting of the tribal habitats, their socio-cultural attributes such as linguistic/dialectical affinity, sex composition and literary levels.

 

■ The Union Government has reduced minimum yearly deposit required under flagship girl child savings scheme, Sukanya Samriddhi Yojana to Rs 250 from earlier amount of Rs 1,000.  This has been lowered to enable more people to enjoy the benefits of this scheme by amending the Sukanya Samriddhi Account Rules, 2016.

 

International Current Affairs Capsule – 25 July 2018

■ The first meeting of the India-Bangladesh Joint Committee on Border Haats was held in Agartala, Tripura. There both the sides noted the positive impact of Border Haats on the livelihoods of people living in areas adjoining Haats. They also held extensive discussions on issues related to review of operations of four functional Border Haats viz. Kalaichar (Meghalaya), Balat (Meghalaya), Kamlasagar (Tripura) and Srinagar (Tripura).

 

Cuba has started providing internet on the mobile phones of select users for the first time, as it aims to roll out the service nationwide by year-end.  Journalists at state-run news outlets were among the first this year to get mobile internet.  Cuban President Miguel Díaz-Canel has said the move will boost the economy and help Cubans defend their revolution.

 

Scientists have developed the fastest man-made rotor in the world, to help them study quantum mechanics. It is the fastest man- made spinning object that has been synthesised as a tiny dumbbell from silica and levitated it in high vacuum using a laser.

  • With about 60 billion revolutions per minute, this machine is more than 100,000 times faster than a high-speed dental drill.
  • The Potential applications: For studying quantum mechanics and the properties of vacuum. The understanding of these mechanisms is an essential goal for the modern generation of physics.

 

Economics Today’s Current Affair Capsule – 25 July 2018

■ India has extended Rs 1,378 crore ($200 million) Lines of Credit (LOC) to Rwanda after PM Narendra Modi held talks with the nation’s President Paul Kagame. The two countries have also signed agreements on industrial and agricultural development.

 

■ The Reserve Bank of India (RBI) is set to issue new Rs 100 denomination currency notes in the Mahatma Gandhi series. The base colour of the new denomination is lavender and contains other designs, geometric patterns aligning with the overall colour scheme both at the observe and reverse.

  • The dimension of the banknote will be the same size as that of the Rs 200 note.
  • The new banknote has a motif of ‘Rani Ki Vav’ (the Queen’s Stepwell) on the reverse, which is a UNESCO World Heritage site. The “Rani ki Vav” heritage site is a stepwell located on the banks of Saraswati river in Patan, Gujarat.

 

■ Banks and financial institutions, including State Bank of India (SBI), Punjab National Bank (PNB) and the Life Insurance Corporation of India (LIC) have entered into an overarching Inter-Creditor Agreement (ICA)in order to fast-track resolution of stressed assets of Rs 50 crore or more which are under consortium lending.

  • The ICA is being signed by 22 public sector banks (including India Post Payments Bank), 19 private sector banks and 32 foreign banks.
  • Besides, 12 major financial intermediaries, like LIC, HUDCO, PFC and REC are also signatories to the pact, according to the agreement.

About Inter-Creditor Agreement (ICA): The inter-creditor agreement is aimed at the resolution of loan accounts with a size of Rs 50 crore and above that are under the control of a group of lenders. It is part of the “Sashakt” plan approved by the government to address the problem of resolving bad loans. The agreement is based on a recommendation by the Sunil Mehta committee that looked into resolution of stressed assets.

Sports Current Affairs – 25 July 2018

■ British cyclist Chris Froome has won his third consecutive and fourth overall Tour de France title in Paris.
The 3540 km and 23 days long Grand Tour featured a total of 198 riders this year (2018).

 

“Current Affairs Questions for UPSC IAS Prelims – 25 July 2018 “

Q1. NITI Aayog has signed Statement of Intent (SoI) with which pharmaceutical company to collaborate in Aspirational Districts Programme?

  • A) Cipla
  • B) Dr. Reddy’s Laboratories
  • C) Aurobindo Pharma
  • D) Lupin Foundation

Q2. Who has been named the first-ever female high court chief justice of Pakistan?

  • A) Asifa Quraishi
  • B) Riffat Hassan
  • C) Maria Ulfah
  • D) Tahira Safdar

Q3. Which state government has launched e-Pragati Core initiative to provide integrated services to citizens?

  • A) Andhra Pradesh
  • B) Rajasthan
  • C) Karnataka
  • D) Kerala

Q4. Fakhar Zaman, who has become the fastest player to score 1000 ODI runs, is belong to which country?

  • A) Bangladesh
  • B) Australia
  • C) Pakistan
  • D) South Africa

Q5. Which ministerial committee has been set up by the Odisha government for development of Odia film industry?

  • A) S B Behera committee
  • B) Prafulla Samal committee
  • C) Ananta Das committee
  • D) Kirti Patnaik committee

Answer these questions in the comments below. We encourage you to discuss your thoughts on the news and issues mentioned in today’s current affairs post. The idea is to promote healthy discussions on interesting issues to make preparation fun. Have a good day!

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2018-07-25T18:11:11+00:00

One Comment

  1. Aditya Moran July 25, 2018 at 6:23 PM - Reply

    Thanks for resuming the current affairs
    You are much required to cover these news items precisely.

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