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Important Current Affairs 18th May 2020

National

FM announces 5th tranche of measures for “Aatmanirbhar Bharat Abhiyan”

The 5th tranche is focussed on Government Reforms and Enablers for providing employment, support to businesses, Ease of Doing Business, and State Governments as well sectors such as Education and Health. Seven measures have been announced under this.

1. Allocation for MGNREGS increased by Rs 40,000 Crore to provide employment boost– Will help generate nearly 300 crore person-days in total.

2. Health Reforms & Initiatives- Public Expenditure on Health will be increased by investing in grass-root health institutions. National Institutional Platform for One health by ICMR will encourage research. And the implementation of National Digital Health Blueprint under the National Digital Health Mission.

3. Technology Driven Education with Equity post-

PM eVIDYA– A programme for multi-mode access to digital/online education to be launched immediately; consisting of:

DIKSHA for school education in states/UTs: e-content and QR coded Energized Textbooks for all grades (one nation, one digital platform)

One earmarked TV channel per class from 1 to 12 (one class, one channel)

Extensive use of Radio, Community radio and Podcasts

Special e-content for visually and hearing impaired.

Top 100 universities will be permitted to automatically start online courses by 30th May, 2020.

Manodarpan– An initiative for psychosocial support of students, teachers and families for mental health and emotional wellbeing to be launched immediately.

National Foundational Literacy and Numeracy Mission for ensuring that every child attains Learning levels and outcomes in grade 5 by 2025 will be launched by December 2020.

4. Further enhancement of Ease of Doing Business through IBC related measures-

Minimum threshold to initiate insolvency proceedings raised to Rs. 1 crore (from Rs. 1 lakh, which largely insulates MSMEs).

Suspension of fresh initiation of insolvency proceedings up to one year, depending upon the pandemic situation.

5. Decriminalisation of Companies Act defaults- The Amendments will de-clog the criminal courts and NCLT. 7 compoundable offences altogether dropped and 5 to be dealt with under alternative framework.

6. Ease of Doing Business for Corporates- Direct listing of securities by Indian public companies in permissible foreign jurisdictions. Power to create additional/ specialized benches for NCLAT.Lower penalties for all defaults for Small Companies, One-person Companies, Producer Companies & Start Ups.

7. Public Sector Enterprise Policy for a New, Self-reliant India-  There is a need for a new coherent policy—where all sectors are open to the private sector while public sector enterprises(PSEs) will play an important role in defined areas. Accordingly, the government will announce a new policy whereby.

NRAI tie-up with DotPe to build tech platform

• National Restaurants Association of India (NRAI) has partnered with DotPe (a fintech start-up) to build its own tech platform that would enable them with online payments for digital ordering, bill settlements, and contactless dining.

• NRAI is the apex body of the Food and Beverage Industry in India.

• This would be in direct take on with existing food-tech aggregators, Zomato and Swiggy. It is also exploring synergies with social media platforms such as WhatsApp, Facebook, and Instagram to provide and ordering facilities and visibility for restaurant partners who could potentially be its members.

Centre launched ‘National Migrant Information System’ to track movement of migrants

• The online dashboard has been developed by National Disaster Management Authority (NDMA) on the existing NDMA-GIS portal. It will help in capturing the information regarding the movement of workers who have been stranded in different states.

• The Ministry of Home Affairs (MHA) has informed the states to upload data on NMIS to ensure better coordination, contact tracing, and movement monitoring of the migrant workers.

e-NAM reaches milestone of 1000 Mandis across 18 States, 3 UTs

• 38 new mandis were integrated with the e-NAM platform.

• With this move, the pan-India electronic agriculture trading portal, e-NAM has reached the milestone of 1,000 Mandis across 18 States and 3 Union Territories (UTS).

• The information was announced by the Agriculture Ministry.

International

Indian-origin Hinduja-Reuben Brothers Shares Second Spot in Annual UK  Rich List 2020

• The pair of Indian-origin siblings, Reuben and the Hinduja brothers, shares the second spot in the Britain’s annual rich list, with a fortune of 16 billion pounds each.

• ‘The Sunday Times Rich List 2020’ has been topped by British inventor-entrepreneur James Dyson tops with 16.2 billion pounds.

• Srichand and Gopichand Hinduja, the Hinduja Group of companies owner in UK, lost 6 billion pounds to slip to second position from the top slot in 2019.

Appointments and Resignations

Zubair Iqbal is JK Bank's New Managing Director

Senior vice president of HDFC Bank, ZubairIqbal has appointed as new managing director of Jammu and Kashmir Bank by Jammu and Kashmir Government. Iqbal will have a three-year tenure.

Days

International Museum Day: 18 May

• The International Museum Day is celebrated on 18 May to raise awareness about the fact that “Museums are an important means of cultural exchange, enrichment of cultures and development of mutual understanding, cooperation and peace among peoples.”

• Theme of International Museum Day 2020: “Museums for Equality: Diversity and Inclusion”.

• It is coordinated by the International Council of Museums (ICOM).

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