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04 December 2019 Top Daily Current Affairs

Posted in Current Affairs

Parliament passes SPG (Amendment) Bill, 2019

The Parliament has passed the Special Protection Group (Amendment) Bill, 2019. The proposed amendments in the SPG bill will provide security to Prime Minister and members of his immediate family residing with him at his official residence. It will also provide security for a period of five years to former Prime Ministers and his immediate family members residing with him at the residence allotted to him. The Bill says that when the proximate security is withdrawn from a former Prime Minister such proximate security will also stand withdrawn from members of their immediate family.

Government launches independent directors' databank

Indian government has launched a databank of independent directors which will be a "comprehensive repository" of existing as well as those eligible to be independent directors.

The databank portal would be maintained by the Indian Institute for Corporate Affairs (IICA), which comes under the corporate affairs ministry.

"It provides for a wide array of e-learning courses on various topics including the Companies Act, securities laws, basic accountancy, board practices, board ethics and board effectiveness. A number of value added services are expected to be rolled out through the portal for capacity building of independent directors," an official release said.

ADB, ACAMS Partner to Improve Anti-Money Laundering Capacities in Developing Asia

he Asian Development Bank (ADB) and the Association of Certified Anti-Money Laundering Specialists (ACAMS) are partnering in the pilot rollout of an internationally accredited online training program to boost anti-money laundering and know-your-client (AML/KYC) capacities of ADB’s Trade Finance Program (TFP) partner banks.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.

ACAMS is the largest international membership organization, with over 78,000 members located in 175 countries/jurisdictions, dedicated to enhancing the knowledge and skills of AML and financial crime professionals from a wide range of industries.

Indian Navy Day 2019: Why December 4 Is Important In History Of Indian Navy?

Indian Navy Day is celebrated on December 4 in commemoration of Operation Trident, the attack launched by the Indian Navy on Karachi harbour during 1971's Indo-Pakistan war. It was for the first time that an anti-ship missile was used in the operation. The operation was conducted on the night of December 4-5 and it inflicted heavy damage on Pakistani vessels. India did not suffer any loss during the operation.

As part of the operation, the Indian Navy sank four Pakistani vessels and ravaged Karachi harbour fuel fields in Pakistan. The Indian Navy's three warships : INS Nipat, INS Nirghat and INS Veer, played an important role in the attack. The Indian Navy fleet sailed from Gujarat's Okha Port towards Pakistani waters to attack the Karachi port. The fleet reached 70 miles south of Karachi at night and after missiles were fired Pakistani vessel: PNS Khaibar: sunk.

Lok Sabha Clears The Recycling of Ships Bill, 2019

Lok Sabha today passed the Recycling of Ships Bill 2019. The bill was passed after the Minister of State for Shipping (Independent Charge) Mansukh L. Mandaviya assured the House that it will pave way for streamlining the already existing ship breaking industry and also help the country obtain eco-friendly steel. He also assured the House that in the process, it will be asserted that India is not a place for dumping. Minister also assured the House, that all safety measures will be stringently followed as per the Hong Kong Convention.

As per the government, the Bill was necessary since the erstwhile Ship Breaking Code (Revised), 2013, did not provide penalties for contravention of the provisions of the Code, nor did it deal with the restrictions and prohibitions on use of hazardous materials on ships. The Bill was also an outcome of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009, to which India is a signatory.

Government launches Regional Connectivity Scheme 4.0

Government has launched the fourth round of the Regional Connectivity Scheme (RCS) meant to stimulate air connectivity in an affordable way, which is a part of its plan to operationalize over 100 airports in smaller towns and cities over the next five years.

The focus of the fourth round of RCS will be bringing connectivity to priority areas like North East India, Jammu and Kashmir, Ladakh, hilly states in others parts of the country, and islands.

At present, only 232 routes across 43 cities and towns of the 688 routes awarded to connect 137 small cities under the RCS scheme remains operational.

04 December 2019 Top Daily Current Affairs