Current Affairs: Short Updates – April 11, 2017
Daily Current Affairs Short Updates for April 11, 2017 with important short notes on current events.
India cautioned Pakistan of consequences if Kulbhushan Jadhav is executed
- Kulbhushan Jadhav is retired Indian Navy Commander convicted by Pakistani army court. Jadhav has been denied consular access.
- Indian side firmly stated that the death sentence will be taken as a pre-mediated murder and seriously hurt the bilateral relations.
- Indian side maintains that consular access was a prerequisite for verifying the facts and understanding of Jadhav’s presence in Pakistan.
Centre plans to fix quantity standards in restaurants
- In a step to contain wastage of food, Food Minister Ram Vilas Paswan has proposed fixing the quantity of food served by the restaurants across the country.
- Food wastage is being seriously taken up by many developed nations like Germany and France.
NPA Policy: Government to assist banks to speed the decisions
- The new policy dealing with Non-performing assets will be around the consortium of banks. A new framework is being planned to let the consortium to deal with NPAs more effectively.
- The new policy will bend the current rules and guidelines and bring down the threshold in terms of number of banks in a Joint Lending Forum JLF.
- The government may also introduce more changes to the Prevention of Corruption Act as part of the new comprehensive NPA policy to deal with toxic assets worth INR 6 lakh crores.
PAN and TAN to be issued in one day for new firms
- The government will now issue PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) in electronic format in a day to the new corporations.
- The Central Board of Direct Taxes has tied up with Ministry of Corporate Affairs under which companies can submit single application form and get both PAN and TAN issued immediately.
- This will significantly improve the ranking of India in ease of doing business index prepared by the World Bank.
Bill on Equal Rights to HIV patients passed in LS
- Human Immunodeficiency Virus HIV and Acquired Immune Deficiency Syndrome AIDS (Prevention and Control) Bill, 2017.
- The Bill gives equal rights to persons suffering from HIV and AIDS in getting treatment or admissions in educational institutions and jobs.
- The Bill defines the grounds on which discrimination against HIV-positive persons and those living with them is prohibited and any non-compliance will amount to legal penalty.
Army Jawan with AIDS is entitled to disability benefits: SC
- SC came to the rescue of the Army Jawan suffering from AIDS who was declined the disability pension and other benefits by the Army and the Armed Forces Tribunal in 2009.
- SC stated that there was no dispute that the appellant while in service suffered from AIDS and meningitis was entitled to 100 percent benefits.
Scientists all set to drill World’s Highest Glacier
- Scientists are headed towards Himalayas to become the first team to drill through the highest glacier in the world in the foothills of Mt. Everest.
- The team is slated to spend 6 weeks on the Khumbu glacier to be able to drill 200 m in the ice to study the internal structure and measure its temperature.
North Korea warns of nuclear strike on US
- North Korea has criticised the US deployment of naval strike group to the Korean peninsula.
- The Carl Vinson strike group stopped at the region in a show of force.
Iron-ore prices to remain high
- Despite the problems in supply spurred by buoyant demand.
- NMDC has raised the prices in some clusters where the demand was strong while the next revision will depend on the international movement of prices which have moderated in the last month.
- NMDC has produced 34.03 million tonnes this year which is the highest figure ever recorded.
Domestic steel companies to depend on exports to improve profits
- The domestic steel companies have decided to stay focussed on exports due to favourable conditions in the global markets led by increased competitiveness. Also, the demand at home is not steady.
- The governmental impetus on infrastructural development will likely spur demand in home market.
Ethanol blending hurt
- The severe shortfall in sugarcane output and withdrawal of excise duty has severely hurt Ethanol Blending programme.
- Sugarcane production is lower by 20 percent from the last years’ figures. This has in turn lowered the ethanol production. Lower crushing of cane has further doubled the price of molasses.
Categories: Daily Current Affairs