Current Affairs – March, 2019

Current Affairs 2019 (March) with Latest Current Affairs and news summary on current events of national and international importance for UPSC, Banking, SSC, CLAT, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

Centre Bans Jammu Kashmir Liberation Front (JKLF) Under UAPA

The Central Government has banned the Yasin Malik-led Jammu Kashmir Liberation Front (JKLF) as an unlawful association under the provisions of Unlawful Activities Prevention Act (UAPA).

Jammu Kashmir Liberation Front

  • Jammu Kashmir Liberation Front (JKLF) is spearheading the separatist ideology in the Kashmir valley and has been at the forefront of the separatist activities and violence since 1988.
  • It is also alleged that JKLF was involved in murders of Kashmiri Pandits in 1989 which led to their exodus from the valley.
  • It is also said that JKLF is posing a security threat to the country and is posing threat to the territorial integrity and sovereignty of India.
  • JKLF is also actively and continuously encouraging feelings of enmity and hatred against the lawfully established government as well as armed rebellion.

The decision to ban JKLF was taken in accordance with the policy of zero tolerance against terrorism.

Unlawful Activities (Prevention) Act (UAPA), 1967

UAPA is anti-terrorist law aimed at effective prevention of unlawful activities associations in India. UAPA’s objective is to provide necessary powers to the investigating agencies to act against activities directed against the integrity and sovereignty of India.

UAPA bans certain terrorist associations, penalises membership and association with such organizations and punishes terrorist activities. UAPA imposes reasonable restrictions on the exercise of freedom of speech and expression, to assemble peaceably without arms and to form associations in interests of sovereignty and integrity of India.

Month: Categories: Defence & Security

Tags:

Proceeds from Disinvestments exceeds Target

The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the targeted Rs 80000 Cr.

Disinvestments

Disinvestment refers to the process of public asset sales by the government of India. Industrial Policy provides that in order to raise resources and encourage wide public participation, a part of the government shareholding in the public sector would be offered to mutual funds, financial institutions, general public and employees.

Disinvestments are undertaken to fulfil the objectives such as modernisation of the public sector through strengthening R & D, initiating diversification/ expansion programmes, retraining and re-employment of employees, funding genuine needs of expansion, widening the capital market basis and mitigating fiscal deficit of the government.

Financial Year: Proceeds from Disinvestment

2014-15: Rs 26,068 crore

2015-16: Rs 23,997 crore

2016-17: Rs 46,247 crore

2017-18: Rs 1,00,056 crore

This is the second highest disinvestment proceeds in a financial year and the government in fiscal 2017-18 had mopped up a little over Rs 1 lakh crore against the target of Rs 72,500 crore. The government has set a target of Rs 90000 crore for fiscal 2019-20.

Month: Categories: Business, Economy & BankingUPSC

Tags:

Advertisement