CURRENT AND CORPORATE NEWS : 26 SEPTEMBER 2020

Current and corporate news : 26 september 2020

NATIONAL NEWS

Dates for Bihar Assembly Elections announced; Voting to be held in three phases with strict adherence to social distancing norms: The Assembly elections in Bihar will be held in three phases starting from 28th of next month. The counting will take place on 10th November. Announcing the poll scheduled in New Delhi today, Chief Election Commissioner Sunil Arora said, the Model Code of Conduct, MCC has come into effect with the declaration of elections. He said, 71 assembly constituencies will go to polls in the first phase on 28th October, 94 seats in the second phase on 3rd November and 78 seats in the third phase on 7th November. Mr. Arora said, the number of phases for 243-member Bihar assembly polls has been
reduced keeping in mind security arrangements and festive season. He informed that the voting time has been extended by one hour till 6 PM and COVID-19 patients will vote in the last hour of the day. He said COVID-19 pandemic has forced a new normal in all aspects of life and Bihar assembly elections will be held under new security protocols.

RRTS trains entirely being manufactured under ‘Make in India’ policy, says MoHUA Secretary: Housing and Urban Affairs secretary Durga Shankar Mishra today said that high-speed commuter trains Regional Rapid Transit System, RRTS are entirely being manufactured under the government’s Make in India policy. Unveiling the first look of India’s first RRTS train today, Mr Mishra said that the environment friendly, energy efficient trains will improve the quality of life in and around NCR by accelerating economic growth and creating economic opportunities. He said, it will also reduce air pollution, carbon footprint, congestion and accidents. The Delhi-Ghaziabad-Meerut RRTS corridor is one of the three prioritised RRTS corridors being implemented in phase-1. The 82 km long Delhi-Ghaziabad-Meerut Corridor is the first RRTS corridor being implemented in India. The corridor will bring down the travel time between Delhi to Meerut by around one third. The prototype is scheduled to roll off the production line in 2022 and will be put into public use after extensive trials. The state-of-the-art RRTS rolling stock will be first of its
kind in India with a design speed of 180 kilometre per hour.

Govt sanctions 670 electric buses, 241 charging stations to boost electric mobility:

The government has sanctioned 670 electric buses and 241 charging stations to boost the electric mobility in the country. The buses have been sanctioned in the states of Maharashtra, Goa, Gujarat and Chandigarh whereas charging stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of FAME India Scheme. In a series of tweets, Heavy Industries Minister Prakash Javadekar said that this decision reflects government’s commitment for reducing dependence on fossil fuel
and promoting eco-friendly public transportation. Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India scheme was launched in 2015 to promote adoption of electric and hybrid vehicles in India. The second phase of this scheme has been implemented from last year with a total budgetary support of 10 thousand crore rupees.

Country’s apex regulator of medical education ‘National Medical Commission’ comes into existence: The National Medical Commission (NMC), in place of the Medical Council of India (MCI), as the country’s apex regulator of medical education and profession has come into existence from today. With the NMC coming into being, the Board of Governors (BoG)
which superseded the MCI on September 26th, 2018, to perform its functions, has been dissolved and the nearly 64-year-old Indian Medical Council Act abolished. Dr Suresh Chandra Sharma, former head of the All India Institute of Medical Sciences ENT department, Delhi, has been appointed as chairman for a period of three years. The NMC Act, which seeks to usher in mega reforms in the medical education sector,
received the assent of the president on August 8th last year. The NMC comprises a chairman, 10 ex-officio members and 22 part-time members.

DEFENCE NEWS

India-Japan bilateral maritime exercise ‘JIMEX’ to begin tomorrow: The 4th edition of India – Japan Maritime bilateral exercise JIMEX, which is conducted biennially between the Indian Navy and Japanese Maritime Self-Defense Force, JMSDF will be held in the North Arabian Sea beginning tomorrow. JIMEX series of exercises commenced in January 2012 with special focus on maritime security cooperation. The last edition of JIMEX was conducted in October 2018 off Visakhapatnam, India. Naval cooperation between India and Japan has increased in scope and complexity over the years. Advanced level of operations and exercises planned during JIMEX-20 are indicative of the continued upswing in IndoJapanese defence relations and continued efforts by both Governments to work closely for a more secure, open and inclusive global commons, in accordance with international regulations. Three day long, JIMEX 20 will showcase high degree of inter-operability and joint operational
skills through conduct of a multitude of advanced exercises, across the spectrum of maritime operations. Multi-faceted tactical exercises involving weapon firings, cross deck helicopter operations and complex surface, anti-submarine and air warfare drills will consolidate coordination developed by the two navies. JIMEX 20 will be spread over three days and is being conducted in a ‘non-contact at-sea-only format’, in view of COVID-19 restrictions.

BUSINESS AND FINANCE

RBI suggests five-pillared approach to deal with cybersecurity issues in Urban Cooperative Banks: The Reserve Bank today came out with a five-pillared strategic approach ‘GUARD’ to deal with cyber security threats being faced by Urban Cooperative Banks (UCBs). The RBI said in its document ‘Technology Vision for Cyber Security for Urban Cooperative
Banks 2020-2023′ that the number, frequency and impact of cyber incidents and attacks have increased manifold in the recent past, more so in the case of the financial sector, including UCBs. Therefore, it has become essential to enhance the security posture of UCBs to prevent, detect, respond to and recover from cyber-attacks. According to the central bank, the technology vision document, which was formalised after obtaining inputs from various stakeholders, is aimed at enhancing the cybersecurity posture of UCBs against evolving IT and cyber threat environment.

Central govt suspends operation of Insolvency and Bankruptcy Code by another 3 months to protect companies in distress due to Covid-19: The Central government has suspended the operation of the Insolvency and Bankruptcy Code, 2016 (IBC) by another three months in order to protect companies in distress due to the Covid pandemic. A gazette notification issued in this respect said that the suspension of the section 7, 9 and 10 of the IBC Code initially for six months has been further extended for another three months starting from 25th September. The Code was
earlier suspended for six months from 25 March to help the firms recover from the
financial distress due to the global pandemic. During the suspension of IBC codes, these
firms are protected from being referred to insolvency proceedings.

read more at :- Railways target to complete 100% electrification of broad gauge routes by 2023

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