Current anc corporate news : 5 september 2020
11th INDRA NAVY: Bilateral maritime exercise between Indian and Russian Navy to begin tomorrow: The 11th edition of exercise INDRA NAVY, a biennial bilateral maritime exercise between Indian and Russian Navy will begin in the Bay of Bengal from tomorrow. Initiated in 2003, Exercise INDRA NAVY epitomises the longterm strategic relationship between the two Navies. Whilst the two-day exercise is being undertaken in the Bay of Bengal, Defence Minister Rajnath Singh, is on a visit to Moscow on the invitation of Defence Minister of the Russian Federation General Sergei Shoigu to discuss bilateral cooperation and issues of mutual interest and commemoration of the 75th Anniversary of Victory in World War-II. This exercise has matured over the years with increase in scope, complexity of operations, and level of participation. The primary aim of exercise INDRA NAVY-20 is to further consolidate interoperability built up by the two Navies over the years and also to enhance understanding and procedures for multi-faceted maritime operations. The scope of this edition includes wide-ranging and diverse activities across the spectrum of maritime operations. Due to restrictions imposed by the COVID19 pandemic, INDRA NAVY-20 would be undertaken in a ‘non-contact, at sea only’ format.
Tribal Affairs Ministry signs agreement with IIPA for setting up of National Institute of Tribal Research: Tribal Affairs Ministry today signed an agreement with Indian Institute of Public Administration, IIPA for setting up of National Institute of Tribal Research at the IIPA campus, New Delhi. The proposed National Institute will be functional in a few months and will be engaged in quality tribal research in collaboration with reputed government and non-governments NGOs spread over the country. The agreement was signed in the presence ofTribalAffairsMinisterArjunMunda.
Rajnath Singh to represent India at Shanghai Cooperation Organisation meeting in Moscow: Defence Minister Rajnath Singh, who is on a three-day visit to Russia, today visited the Main Cathedral of the Armed Forces of the Russian Federation and the Museum Complex in Moscow. Yesterday, Mr Singh had a meeting with Russian Defence Minister, Gen. Sergei Shoigu, at the Russian Ministry of Defence. The Defence Minister will attend the combined meeting of Defence Ministers of Shanghai Cooperation Organization, SCO, Collective Security Treaty Organization, CSTO and Commonwealth of Independent States, CIS Member States in commemoration of the 75th Anniversary of victory in the World War-II.
SC rejects 1984 riots convict Sajjan Kumar’s plea seeking interim bail: The Supreme Court today dismissed the plea of former Congress leader Sajjan Kumar, who is serving life imprisonment in an 1984 anti-Sikh riots case, seeking interim bail on health grounds. A bench headed by Chief Justice S. A. Bobde said, it will hear him finally someday but cannot grant
him bail. It further added, it is not treating the judgement (of the Delhi High
Court which convicted and sentenced Kumar in the case) as faulty merely
because it has reversed earlier verdict. Kumar is serving life imprisonment
after the Delhi High Court had convicted him and others in the case on December 17, 2018.
Media must exercise restraint in its coverage of Sushant Singh Rajput case: Bombay HC: The Bombay High Court has said that it expects media organisations to exercise restraint while publishing or reporting any details about the investigation in the case of actor Sushant Singh Rajput’s death. A division bench of Justices A A Sayed and S P Tavade said, the media should report in such a manner that it does not hamper the investigation. The court was hearing two petitions which claimed a media trial is going on in the case and sought for it to be stopped.
G-20 Meet: India calls for protecting interests of foreign students, facilitating return of stranded seafarers: India has called upon Governments around the world to ensure that interests of foreign students are protected and movement of stranded seafarers back to their home country facilitated. Participating in the G20 Foreign Ministers’ Extraordinary virtual Meeting, External Affairs Minister Dr. S. Jaishankar also proposed development of voluntary ‘G20 Principles on Coordinated Cross – Border Movement of People’ in the backdrop of Covid-19. These principles are based on three elements. Standardisation of testing procedures and universal acceptability of test results, Standardisation of ‘Quarantine procedures’ and Standardisation of ‘movement and transit’ protocols.
BJP Leader Syed Zafar Islam elected unopposed for Rajya Sabha seat from UP: Bharatiya Janata Party Leader Syed Zafar Islam has been elected
unopposed for the lone Rajya Sabha seat from Uttar Pradesh today. The
election was necessitated following the demise of Rajya Sabha MP Amar
Singh. Chief Minister Yogi Adityanath congratulated Syed Zafar Islam for
his unopposed election. Earlier party’s UP unit general secretary Govind
Narayan Shukla withdrew his candidature for by-elections yesterday,
clearing the way for the original nominee Syed Zafar Islam to be elected to
contest unopposed. Zafar couldn’t come for the nomination as he was
found covid positive. Today was the last date for the withdrawal of
nominations and only Zafar was left in the fray so the election process
could not be stretched till September 11, the date for polling. Zafar Islam
would serve the remainder of Amar Singh’s term till July 4, 2022.
Bangladesh govt extends suspension of jail term of former PM Khaleda Zia for 6 months: Government of Bangladesh has suspended the jail sentence of former Prime Minister Khaleda Zia for six more months on health grounds. Announcing this in Dhaka on Saturday, Road Transport and Bridges Minister and Awami League General Secretary Obaidul Quader said that the decision has been taken so that the 75 year old leader can receive necessary medical treatment, reports the official news agency BSS. Former Prime Minister and leader of the main opposition Bangladesh Nationalist Party (BNP) Khaleda Zia was released on March 25 for six months after suspending her sentence for six months on health grounds. Before her release in March this year, BNP Chairperson Khaleda Zia was serving jail sentence since February 2018 after the court sentenced her to five years imprisonment in 2017 in connection with the Zia Orphanage Trust graft case. The High Court enhanced her imprisonment to 10 years in 2018.
BUSINESS AND FINANCE
RBI reviews PSL guidelines to align it with emerging national priorities for inclusive development: The Reserve Bank of India has comprehensively reviewed the Priority Sector Lending (PSL) guidelines to align it with emerging national priorities and bring sharper focus on inclusive development, after having wide ranging discussions with all stakeholders. The revised PSL guidelines will enable better credit penetration to credit deficient areas; increase the lending to small and marginal farmers and weaker sections; boost credit to renewable
energy and health infrastructure, bank finance to start-ups (up to 50 crore
rupees); loans to farmers for installation of solar power plants for solarisation of grid connected agriculture pumps and loans for setting up Compressed Bio Gas (CBG) plants have been included as fresh categories eligible for finance under priority sector. Some of the salient features of revised these guidelines are, to address regional disparities in the flow of priority sector credit, higher weightage have been assigned to incremental priority sec tor credit in ‘identified districts’ where priority sector credit flow is comparatively low.
US Open Tennis Tournament: Serena Williams wins in straight sets yet again: In the US Open tennis tournament, Serena Williams won in straight sets again. She moved into an all-American showdown against Sloane Stephens. Other women moving into the third round included No. 2 Sofia Kenin, who won the Australian Open in February; No 7 Madison Keys, No. 15 Maria Sakkari, No. 18 Donna Vekic and No. 22 Amanda Anisimova, a teenager American who beat another fellow teen Kristina Scott.
Tennis: Sumit Nagal exits US Open after losing to Dominic Thiem: In Tennis, India’s Sumit Nagal exited the US Open after suffering defeat at the hands of World Number three Dominic Thiem. The world number 122, Nagal lost to second seed Austrian, in straight sets 3-6 3-6 2-6 in the second
round. Nagal came into the match after defeating Bradley Klahn of USA 6-1,
6-3, 3-6, 6-1 in the first round. With the win, the 23-year-old became the first
Indian to win a singles main draw match at a Grand Slam in the last seven years.
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Compiled By : CS Surbhi Saxena
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