Top 5 Current Affairs: 30 January 2019
India improved its ranking on the 2018 Corruption Perceptions Index (CPI) by three points and moved to 78th position with a score of 41. India ranked at 81st place on the Corruption Perceptions Index 2017.
India improves its ranking on Corruption Perceptions Index 2018; moves to 78th position
India improved its ranking on the 2018 Corruption Perceptions Index (CPI) by three points and moved to 78th position with a score of 41. India ranked at 81st place on the Corruption Perceptions Index 2017. In the list of 180 countries, China and Pakistan lagged far behind India at 87th and 117th position, respectively.
According to the Index, Denmark is the least corrupt country followed by New Zealand; while Somalia, Syria and South Sudan are the most corrupt countries in the world.
UP Cabinet approves construction of Ganga Expressway to connect Prayagraj with Western UP
Uttar Pradesh State Cabinet on January 29, 2019 approved the construction of a four-lane Ganga Expressway connecting Prayagraj to Western Utter Pradesh. Ganga Expressway will provide better connectivity to Prayagraj. Once completed, it would be longest expressway in the world.
The Cabinet also gave its assent for the Bundelkhand Expressway and the development of the Bundelkhand region. The Bundelkhand Expressway will be 296 km long and would cost Rs 8,864 crore. It will pass through 182 villages.
UAE, Saudi Arabian central banks launch common digital currency called 'Aber'
The central banks of the United Arab Emirates (UAE) and Saudi Arabia have launched a common digital currency called ‘Aber’, which will be used in financial settlements between the two countries through Blockchains and Distributed Ledgers technologies.
The UAE central bank said in a statement that it will establish an additional means for the central financial transfer systems of the two countries and enable banks to directly deal with each other in conducting financial remittances.
K J Alphons inaugurates first Swadesh Darshan Project in Sikkim
K.J. Alphons, Union Minister for Tourism, on January 30, 2019 inaugurated the first project under the Swadesh Darshan Project of the Union Ministry of Tourism at the Zero Point, Gangtok, Sikkim. This project was sanctioned by the Ministry of Tourism in June 2015 for Rs. 98.05 crores and is the first ever project in Sikkim under the scheme.
The project is officially named as “Development of North East Circuit: Rangpo– Rorathang- Aritar- Phadamchen- Nathang-Sherathang- Tsongmo- Gangtok-Phodong- Mangan- Lachung-Yumthang- Lachen- Thangu-Gurudongmer- Mangan- Gangtok-Tuminlingee- Singtam”.
SEBI proposes relaxed norms for REITs, InvITs to increase access to investors
The Securities and Exchange Board of India (SEBI) on January 30, 2019 proposed a new set of relaxed norms for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) to increase access to investors.
The new set of framework will provide flexibility to the issuers in terms of fund raising and will boost investments in REITs and InvITs. The REITs and InvITs are listed entities that mainly invest in income-producing assets, the earnings of which are mostly distributed to their shareholders. They generally get special tax treatment.