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6th Indian Ocean Dialogue and 11th Delhi Dialogue

Ministry of External Affairs hosted organized the 6th Indian Ocean Dialogue and 11th Delhi Dialogue (Delhi Dialogue XI) in New Delhi.

• Theme of Indian Ocean Dialogue: “Indo-Pacific: Re-imagining the Indian Ocean through an Expanded Geography”

Month: Current Affairs – December 2019

Categories: National News

Important Points: Ministry of External Affairs, Indian Ocean Dialogue, Delhi Dialogue, Expanded Geography, Indian Ocean Rim Association, Priority Area of Academic, Science and Technology Cooperation

CJI Sharad Arvind Bobde created a 2-Judge Committee for speedy disposal of rape cases

CJI Sharad Arvind Bobde has created a 2-Judge Committee including Justice Subhash Reddy and Justice MR Shah to ensure speedy disposal of rape cases.

• As per National Crime Records Bureau data of 2017, Uttar Pradesh recorded the highest number of crimes against women while Madhya Pradesh witnessed the highest number of rape cases.

Month: Current Affairs – December 2019

Categories: National News

Important Points: CJI Sharad Arvind Bobde, Justice Subhash Reddy, National Crime Records Bureau, Violent Crimes, Indian Penal Code, Special & Local Laws, Crime Against Children , Cyber Crime, Total Cognizable Offences

ADB gave $250 million loan to the PSU- Energy Efficiency Services Limited

Asian Development Bank (ADB) has given $250 million loan to the PSU- Energy Efficiency Services Limited (EESL) to increase investments in energy efficiency projects in India.
Apart from this loan, $46 million will also be provided from Clean Technology Fund (administered by ADB).

Month: Current Affairs – December 2019

Categories: Banking & Economy

Important Points: Energy Efficiency Services Limited, Asian Development Bank, Clean Technology Fund, facilitating policy dialogues, providing advisory services, mobilizing financial,export credit sources

National Payments Corporation of India set up a subsidiary for UPI

National Payments Corporation of India (NPCI) has set up a subsidiary to take Unified Payment Interface (UPI) model to international level.
UPI aims to increase its customer base to 500 million by 2022 and has over 100 million at present.

Month: Current Affairs – December 2019

Categories: Banking & Economy

Important Points: National Payments Corporation of India, Unified Payment Interface, Reserve Bank of India, Indian Banks’ Association, Payment and Settlement Systems Act, Not for Profit, Immediate Payment Service, National Automated Clearing House, Aadhaar Payment Bridge, Aadhaar enabled Payment System, National Financial Switch

Annual report on banking ombudsman for 2018-19 released

RBI has released the annual report on banking ombudsman for July 2018-June 2019.
(A) About Banking Ombudsman Scheme (BOS)
Launched: 1995 under Section 35A of Banking Regulation Act, 1949.

Month: Current Affairs – December 2019

Categories: Banking & Economy

Important Points: RBI, banking ombudsman, Banking Ombudsman Scheme, Disposal rate, Non-Banking Financial Companies, Digital Transactions, NBFC-O Scheme

Recycling of Ships Bill, 2019 approved by the President

President Ram Nath Kovind has approved the Recycling of Ships Bill, 2019.

• It amalgamates Shipbreaking Code (revised), 2013 and provisions of the Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships, 2009.

Month: Current Affairs – December 2019

Categories: National News

Important Points: Recycling of Ships Bill, Shipbreaking Code, Ships Recycling Yards, Ready for Recycling Certificate, Statement of Compliance, Diplomatic Conference, International Maritime Organization Member States