Morning Current Affairs Updates: 24 August 2017

Aug 24, 2017 09:09 IST
Morning Current Affairs Updates: 24 August 2017

Union Government notifies new Rs 200 notes

The Union Government on 23 August 2017 gave its go ahead to the RBI to issue Rs 200 bank notes. The permission to issue Rs 200 bank notes was given with an aim to ease pressure on lower-denomination currency bills.
Finance Ministry, in a notification, said that on the recommendations of the Central Board of Directors of the RBI, the government has notified bank notes of Rs 200.

The new Rs 200 notes are likely to be in circulation shortly. The introduction of the new notes is expected to ease the problems faced by people due to high-value Rs 2000 rupee notes.

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Cabinet approves setting up of Commission to examine sub-categorization of OBCs

The Union Cabinet has approved setting up of a Commission to examine sub-categorization of OBCs. The Commission will submit its report within 12 weeks from the date of appointment of Chairperson.

Finance Minister Arun Jaitley said the decision is based on the recommendation of National Commission for Backward Classes (NCBC).

Jaitley said Parliamentary Standing Committee had also made similar recommendations. The sub-categorization will apply for reservation in Central government jobs. The Commission will be mandated to examine the extent of inequitable distribution of benefits of reservation among castes and communities included in the central list of OBC.

Ashwani Lohani to be new Chairman of Railway Board

Ashwani Lohani will be the new Chairman of Railway Board. The appointment of Lohani, an officer of the Indian Railway Service of Mechanical Engineers, IRSME, was cleared by Appointments Committee of the Cabinet on 23 August 2017.

Lohani’s name for the post was announced after the incumbent Railway Board Chairman A K Mittal resigned owning moral responsibility for Muzzafarnagar train accident which had claimed over 20 lives.

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