Current Affairs 2019 - Current Affairs Today

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PSU banks to bring down govt equity to 52%

The Finance Ministry has asked the public sector banks to gradually reduce the government’s equity to 52 per cent. Currently, some of the public sector banks have government’s holding beyond 75 per cent. Why the disinvestment? The decision to bring down the government’s equity to 52 per cent was taken due to the following reasons: Read More…

SpaceX-CRS-16 Dragon craft departed from the International Space Station

The SpaceX cargo craft departed from the International Space Station after its successful mission to deliver scientific equipment and other supplies. The SpaceX-CRS-16 Dragon successfully delivered more than 2,500 kilograms (5,600 pounds) of cargo to the space station and orbited Earth for five weeks. The SpaceX-CRS-16 Dragon craft is expected to splash down just west of Read More…

Relaxation of Norms under PCA Framework

It is said that the finance ministry and the Reserve Bank of India are working on providing some relaxation on the prompt corrective action (PCA) framework for stressed banks. Prompt Corrective Action (PCA) Framework Prompt Corrective Action (PCA) framework has been issued by the RBI to maintain the sound financial health of banks. The RBI will initiate Read More…

Supreme Court issues notice to Centre on PIL against notification under IT Act

The Supreme Court has issued a notice to the Central government on PIL which questioned the notification authorising 10 central agencies to intercept, monitor and decrypt any computer system. What was the notification? Under the notification, the central government had empowered 10 agencies, Intelligence Bureau, Narcotics Control Bureau, Enforcement Directorate, the Central Board of Direct Read More…

IMBEX 2018-19

India-Myanmar bilateral army exercise, IMBEX 2018-19, has begun at Chandimandir Military Station which houses the headquarters of the Western Command. Objectives of the IMBEX 2018-19 It is the second edition of the IMBEX. The objectives of IMBEX 2018-19 are: Train the Myanmar delegation for participation in United Nations peacekeeping operations under the UN flag. Training Read More…

Global Housing Technology Challenge

The Union Minister of Housing and Urban affairs Hardeep Singh Puri launched the Global Housing Technology Challenge. The challenge is undertaken under the Pradhan Mantri Awas Yojana Urban (PMAY-U). Features of the Global Housing Technology Challenge The features of the Global Housing Technology Challenge (GHTC) are: GHTC aims to fast-track the construction of affordable housing Read More…

National Action Plan for Drug Demand Reduction (2018-2023)

The Ministry of Social Justice and Empowerment has drafted National Action Plan for Drug Demand Reduction (2018-2023) for addressing the problem of drug and substance abuse in the country, dumping a long-pending draft policy on the matter. Components of the Action Plan The components of the National Action Plan for Drug Demand Reduction (2018-2023) are: The Read More…

The Hindu Literary Prize 2018 Announced

The Hindu Literary Prize 2018 was awarded during The Hindu Lit for Life 2019. The winners under different categories are mentioned below: English writer Neelum Saran Gour, author of Requiem in Raga Jankibagged The Hindu Prize 2018 for Fiction. Activist Manoranjan Byapari, author of Interrogating my Chandal Life: An Autobiography of a Dalit, bagged The Hindu Prize 2018 for non-fiction. The Read More…