Following is the 31 March 2018 Current Affairs For Government Exam
1. Government clears restructuring of NSDF, NSDC.
The government approved the restructuring of National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC).
The move will strengthen governance, implementation and monitoring framework.
NSDC and NSDF were set up by the Ministry of Finance and registered in July 2008 and January 2009 respectively for implementing coordinated action for skill development.
2. Cabinet enhanced the coverage of PMRPY.
The Cabinet Committee on Economic Affairs has given its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).
The informal sector workers would get social safety net and there would be more job creation.
In this scheme, Government is paying the 8.33% contribution of Employers to the Employees’ Pension Scheme (EPS) in respect of new employees.
3. Cabinet approved Nutrient Based Subsidy.
The Cabinet Committee on Economic Affairs has approved the continuation of Nutrient Based Subsidy (NBS) and City Compost Scheme beyond 12th Five Year plan till 2019-20.
Government is making available fertilizers, namely Urea and 21 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers.
The subsidy on P&K fertilizers is being governed by NBS Scheme.
4. India received 1st LNG shipment from US.
The first long-term liquefied natural gas (LNG) US cargo from the Houston-based Cheniere Energy Inc. arrived at the Dabhol LNG terminal in Maharashtra.
India is the world’s fourth-largest LNG importer.
The first crude oil shipment from the US to India arrived in October 2017 in Odisha.
5. LTCG tax & other taxes to begin from April 1.
Several budget proposals, including the reintroduction of the tax on long-term capital gains (LTCG) exceeding Rs. 1 lakh from the sale of shares, will come into effect from April 1.
The 2018-19 Budget had reintroduced 10% tax on long-term capital gains.
Tax proposals like the reduced corporate tax of 25% on businesses on turnover of up to Rs. 250 crore will come into effect.
6. Tripura to set up crime wing of state police.
The Tripura government has decided to set up a “well-equipped” crime branch under the state police to deal with unlawful activities such as drug and narcotics peddling.
The new wing will be modelled after Delhi Police’s crime branch.
The crime branch would exclusively deal with crimes like drug peddling, indulging in social unrest and crimes on women.
7. India receives first US LNG shipment at Dabhol under long-term deal.
India received its first Liquid Natural Gas (LNG) cargo from United States (US) under long-term supply deal.
The first US-sourced LNG shipment was imported by state-owned GAIL on board of its chartered LNG ship ‘Meridian Spirit’ from Cheniere Energy’s Sabine Pass LNG export facility in Louisiana.
8. 9th India-Japan Strategic Dialogue in Tokyo.
External Affairs Minister Sushma Swaraj attended the 9th India-Japan Strategic Dialogue in Tokyo.
Japanese FDI in India during 2016-17 was USD 4.7 billion, an increase of 80% over the last year.
India’s import from Japan for 2016-17 was USD 9.76 billion.
India and Japan concluded a Special Strategic and Global Partnership during the visit of Prime Minister Narendra Modi to Japan in 2014.
9. Pak successfully test fires Submarine Launched Cruise Missile BABUR.
Pakistan conducted successful test fire of indigenously developed Submarine Launched Cruise Missile (SLCM) BABUR having a range of 450 KMs.
SLCM BABUR is capable of delivering various types of payloads and incorporates state of the art technologies.
10. Senior bureaucrat Chandra Bhushan Kumar appointed as Deputy Election Commissioner.
Senior bureaucrat Chandra Bhushan Kumar has been appointed as Deputy Election Commissioner as part of a major bureaucratic reshuffle by the government.
Bhushan, a 1995 batch IAS officer of union territories cadre, has been appointed to the post for five years, an order issued by the Department of Personnel and Training (DoPT) said.
11. Vineet Joshi appointed as DG of NTA.
Vineet Joshi was appointed the first Director-General of the National Testing Agency (NTA) on 30th March.
NTA is an independent body dedicated to conducting entrance tests for higher education in India.
NTA, which was approved by the Union cabinet last October, will conduct entrance tests entrusted to it by any department or ministry.
12. RBI imposes Rs 59 Crore fine on ICICI Bank.
The penalty was for violating central bank’s directions pertaining to direct sale of securities.
The penalty was imposed in exercise of powers vested in RBI under the Banking Regulation Act, 1949.
13. Nepal banks can borrow from foreign banks.
Nepal’s Central Bank has allowed other commercial bank in the country to borrow money from foreign banks and financial institutions to finance sectors such as agriculture and infrastructure projects.
Nepal’s commercial banks could borrow loans up to 25% of their core capital.
The banks can borrow loans for the period from one year to five years.
14. OLX launched webwise to promote online safety.
OLX, India’s leading online classifieds, launched its consumer safety initiative, “OLX Webwise”.
The initiative aims to raise awareness among users about measures to keep oneself safe while transacting online.
OLX will be promoting online safety through its initiatives which include, Product updates, user safety guidelines, awareness programs with law enforcement authorities.
15. Fino Payments to set up Android-based mPOS.
Fino Payments Bank plans to set up multi-utility Android-based mPOS devices across 10,000 banking points throughout the country in a phased manner.
The move is aimed at eliminating the inconvenience of carrying multiple devices by the representatives leading to improved services to customers.
Fino which was a remittance service provider received authorization from RBI to operate as a bank.
16. Rivigo ties up with IDFC & YES Bank.
Rivigo is tying up with YES Bank, IDFC and 10 other financial institutions to make cheaper funds available to truck owners and operators on its platform.
The funds will be available at an interest rate of 1-2% per month, lower than the usual industry standard of 2-3%.
Rivigo is a homegrown logistics start-up that owns as well as acts as an aggregator of trucks.
17. Williamson announced Sunrisers captain.
Kane Williamson, the New Zealand captain, will lead SunRisers Hyderabad in the Indian Premier League 2018.
The decision comes in the wake of the recent ball-tampering controversy that led to bans for David Warner and Steven Smith from the 11th edition of IPL.
The franchise also later confirmed the appointment of Indian seamer Bhuvneshwar Kumar as the vice-captain for the upcoming season.
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