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Top 5 Current Affairs: 13 February 2019

The Reserve Bank of India has imposed monetary penalty on seven banks for non-compliance with various directions issued by the RBI on monitoring of end use of funds, exchange of information with other banks, Know Your Customer norms.

Feb 13, 2019 17:42 IST
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Defence Ministry begins process of procurement of 111 Naval Helicopters for Indian Navy

The Defence Ministry on February 12, 2019 issued Expression of Interest to shortlist potential Indian strategic partners and foreign Original Equipment Manufacturers (OEMs) for the procurement of 111 Naval Utility Helicopters (NUH) for the Indian Navy at an estimated cost of over Rs 21,000 crore.

These Naval Utility Helicopters will replace Chetak Helicopters and will be utilised for albeit SAR, CASEVAC (Casualty evacuation), Low Intensity Maritime Operations (LIMO), passenger roles and torpedo drops.

The procurement of the helicopters was approved by the Defence Acquisition Council (DAC) on August 25, 2018.

RBI penalises seven banks for violating various norms

The Reserve Bank of India (RBI) in the first week of February 2019 imposed monetary penalty on seven banks for non-compliance with various directions issued by the RBI on monitoring of end use of funds, exchange of information with other banks, Know Your Customer (KYC) norms, etc.

The penalties were imposed in exercise of powers under the provisions of Section 47A (1) (c) and Section 46 (4) (i) of the Banking Regulation Act, 1949, taking into account the failure of banks in adhering to the directions issued by RBI.

Parliament passes Personal Laws (Amendment) Bill 2019

The Parliament on February 13, 2019 passed the Personal Laws (Amendment Bill), 2018 that seeks to remove leprosy as a ground for divorce. The bill was passed after upper house of the Parliament Rajya Sabha approved it without discussion.

The lower house of the Parliament, Lok Sabha had passed the bill on January 7, 2019. Leprosy is being removed as a ground for divorce as it is now a curable disease as against the earlier notion of it being incurable.

The bill seeks to amend five personal laws- the Hindu Marriage Act 1955, Dissolution of Muslim Marriages Act 1939, Divorce Act (for Christians) 1869, Special Marriage Act 1954 and the Hindu Adoptions and Maintenance Act 1956- to remove leprosy as a ground for divorce.

Bihar Budget 2019-20: Education gets highest allocation

Bihar Chief Minister and Finance Minister Sushil Kumar Modi on February 12, 2019 presented the Rs 2,00,501 crore state budget in the Bihar Assembly with focus on education, rural development and energy sectors.

The Bihar budget 2019 has revenue surplus of Rs 21,516.99 crore during 2019-20 which is 3.76 percent of GSDP. GSDP is estimated at Rs 5,72,827 crore for 2019-20.

It allocated Rs 34,798 crore for the education sector; Rs 15,699 crore for rural developmentsector; and Rs 8,894.32 crore for the energy sector.

NITI Aayog signs agreement to document systemic transformation in education

The NITI Aayog on February 12, 2019 signed a Statement of Intent (SOI) with the Michael & Susan Dell Foundation (MSDF) to codify, document and share best practices to improve learning outcomes in public school education through systemic reforms, based on their collective experiences of working with various state governments in India.

Under the agreement, NITI Aayog and the Michael & Susan Dell Foundation will document the reforms pursued by various state governments that have initiated systemic reforms in education and have begun to see improved learning outcomes over the past few years.

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