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Top 5 Current Affairs: 3 January 2019

The Union Cabinet, chaired by Prime Minister Narendra Modi, on January 2, 2019 approved the ‘Scheme of Amalgamation’ for merger of Bank of Baroda, Vijaya Bank and Dena Bank. The amalgamation will be the first-ever three-way consolidation of banks in India.

Jan 3, 2019 17:47 IST
Top 5 Current Affairs: 3 January 2019

Cabinet approves merger of Vijaya Bank, Dena Bank and Bank of Baroda; first-ever three way merger in Indian Banking

The Union Cabinet, chaired by Prime Minister Narendra Modi, on January 2, 2019 approved the ‘Scheme of Amalgamation’ for merger of Bank of Baroda, Vijaya Bank and Dena Bank.

The amalgamation will be the first-ever three-way consolidation of banks in India. The merger of Bank of Baroda, Dena Bank and Vijaya Bank was proposed by the Union Finance Ministry on September 17, 2018.

The amalgamated entity will be India's second largest Public Sector Bank and India’s third largest bank with a total business of more than Rs 14.82 lakh crore.

Cabinet approves restructuring of National Health Agency as "National Health Authority"

The Union Cabinet on January 2, 2019 approved the restructuring of existing National Health Agency as "National Health Authority" for better implementation of the Pradhan Mantri Jan Arogya Yojana (PMJAY).

With the approval, the existing ‘National Health Agency’ was dissolved and was replaced by the ‘National Health Authority’ as an attached office to the Union Ministry of Health and Family Welfare.

Five nations assume charge as Non-Permanent Members of UN Security Council

Five nations, namely, Belgium, Dominican Republic, Germany, Indonesia and South Africa assumed the charge as the Non-Permanent Members of the United Nations Security Council (UNSC).

These five countries will hold a two-year term in the Council with effect from January 1, 2019. This will be the Dominican Republic’s first time on the Security Council. The other four countries have previously served on the body.

They will fill the seats vacated by Bolivia, Ethiopia, Kazakhstan, the Netherlands and Sweden on December 31, 2018, after serving two-year term on the 15-member Security Council.

Cabinet approves high level committee to implement Clause 6 of Assam Accord

The Union Cabinet chaired by Prime Minister Narendra Modi on January 2, 2019 approved the setting up of a high-level committee for the implementation of clause 6 of the Assam Accord and measures envisaged in the Memorandum of Settlement, 2003 and other issues related to the Bodo community.

The High-Level Committee has been approved to suggest constitutional, legislative and administrative safeguards as envisaged in Clause 6 of the Assam Accord. The clause 6 of the Assam Accord envisaged that appropriate constitutional, legislative and administrative safeguards, shall be provided to protect, preserve and promote the cultural, social, linguistic identity and heritage of the Assamese people.

Bill to make marital rape a crime introduced in Lok Sabha

A private bill titled the Women's Sexual, Reproductive and Menstrual Rights Bill 2018 has been introduced in the Lok Sabha by Congress MP Dr Shashi Tharoor. The bill proposes to make marital rape a crime and gives more decisional autonomy to women in termination of pregnancy.

The bill proposes the deletion of exception 2 to Section 375 of Indian Penal Code, which states that sexual intercourse by a man with his own wife is not rape. It also grants women an absolute right to termination of pregnancy where they may terminate pregnancy merely by request until the 12th week of pregnancy.