Current Affairs – March, 2015

Latest Current Affairs March, 2015 with Current Affairs, news summary on current events of National and International importance of March, 2015 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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PM Narendra Modi launches PRAGATI platform for redressal of grievances

Prime Minister Narendra Modi on 25 March 2015 launched Pro-Active Governance and Timely Implementation (PRAGATI) platform.

PRAGATI is a multi-purpose and multi-modal platform aimed at addressing grievances of common man. It also aims at simultaneously monitoring and reviewing important Union government programmes and projects as well as projects flagged by State Governments.

It is an innovative project in e-governance and good governance and accountability with real-time presence and information exchange among the key stakeholders.

Key features of PRAGATI

  • Designed in-house by the Prime Minister’s Office (PMO) team with the help of National Informatics Center (NIC).
  • Uniquely bundles three latest technologies including Digital data management, geo-spatial technology and video-conferencing.
  • Three-tier system that brings PMO, Union Government Secretaries, and Chief Secretaries of the States at one stage. Thus, offers a unique combination in the direction of cooperative federalism.
  • Prime Minister can directly discuss the issues with the concerned Central and State officials with full information and latest visuals of the ground level situation.
  • The system will work on strengthen and re-engineer the data bases of Centralized Public Grievance Redress And Monitoring System (CPGRAMS) along with Project Monitoring Group (PMG) and the Ministry of Statistics and Programme Implementation.

On a monthly basis, Prime Minister will interact with bureaucrats i.e. on fourth Wednesday of every month at 3.30 PM- called as PRAGATI Day.

Issues to be flagged before the PM will be picked up from the available database regarding Public Grievances, pending Projects and on-going Programmes. These issues will uploaded seven days prior to the PRAGATI day.

Union Government approves 10 FDI proposals worth Rs.2857.83 crore

Union Government has approved 10 Foreign Direct Investment (FDI) proposals worth 2857.83 crore rupees. These FDI proposals were approved by the Foreign Investment Promotion Board (FIPB).

Some of proposals approved are

  • Air Works India (Engineering) Private Limited’s proposal to increase foreign equity investment at Rs 40 crore.
  • Ostro Energy’s proposal to invest Rs. 1,400 crore over next four-five years in wind energy assets in India via downstream investment.
  • IPCA Laboratories’ proposal for FII investment up to 35 per cent i.e. Rs 900 crore.
  • Reckitt Benckiser (India) proposal to acquire 24.88 per cent stake in Reckitt Benckiser Healthcare India from its foreign investor. This deal will result in a foreign fund outflow of Rs 750 crore.
  • Syngene International’s proposal to inject 380 crore rupees through 10 per cent foreign equity participation into the company.
  • Ambuja Cements proposal for acquisition of 24 per cent shares in its holding company Holcim (India) for a share swap worth Rs 3,500 crore has been referred to the Cabinet Committee on Economic Affairs (CCEA).

FIPB approves the FDI proposals under approval route. However, those proposals worth above Rs 1,200 crore are given final approval to the CCEA.