Current Affairs, News & Facts of 13 May 2016

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  • IAF launches e-maintenance system in Pune

    IAF launches e-maintenance system in PuneAir Chief Marshal Arup Raha inaugurated the Electronic Maintenance Management System (e-MMS) at the air force station, Pune, Maharashtra.

    The e-MMS project is one of the largest Maintenance Repair Overhaul (MRO) IT implementation in the world.

    Electronic Maintenance Management System (e-MMS) :

    The contract for the project e-MMS was signed with Wipro as a System Integrator (SI) on February 4, 2013.

    The system has a central console that will help IAF to get rid of paper works and heavy logbooks. 

    The system would seamlessly connect squadrons, wings, commands, and Air Headquarters after its implementation.

    The work environment of IAF will become more efficient and operational availability of all fleets and systems can be monitored in real time at various hierarchical levels.

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  • The President Confers Florence Nightingale Awards to 35 Nurses 

    The President Confers Florence Nightingale Awards to 35 Nurses President Pranab Mukherjee conferred the Florence Nightingale Awards to 35 nurses from across the country on the occasion of International Nurses Day celebrated every year on 12th May.

    The Florence Nightingale Award has been named after Florence Nightingale, founder of modern nursing.

    She was born on May 12, 1820 and the day is celebrated as International Nurses Day all over the world. 

    National Florence Nightingale Award

    The Florence Nightingale awards are given to the outstanding nursing personnel employed in Central, State/UTs. Nurses working in Government, Voluntary Organizations, 

    Mission institutions and the private institutions can apply with the due recommendation of concerned State Government. The Florence Nightingale Awards carries Rs.50, 000/- cash, a certificate, a citation certificate and a Medal.

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  • Government fixes ceiling price of 54 drug formulations

    Government fixes ceiling price of 54 drug formulationsPharma prices regulator National Pharmaceutical Pricing Authority ( NPPA ) has fixed ceiling price of 54 drug formulations used for treatment of cancer, diabetes rheumatoid arthritis, bacterial infections and hypertension. 

    The price control has been done under Drugs (Price Control) Amendment Order, 2016.

    Besides, it also has fixed the retail price of 11 drug formulations under DPCO, 2013, which covers 680 formulations with effect from May 15, 2014.

    Drug Pricing and Regulation

    The government fixes the prices of essential drugs based on the simple average of all medicines in a particular therapeutic segment, having sales of more than 1 per cent. 

    The price control is done mainly to make medicines affordable in the country. Besides, it regulates the prices of all other medicines, while companies are allowed to hike prices of such drugs by up to 10 per cent in a year.

    National Pharmaceutical Pricing Authority (NPPA)

    Set up in 1997, NPPA functions under the Union Ministry of Chemicals and Fertilisers. It has been entrusted with the task of fixation/revision of prices of pharma products, enforcement of provisions of the Drugs (Prices Control) and order and monitoring of prices of controlled and decontrolled drugs.

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  • Reliance Jio Launches JioMoney Digital Wallet to The Public

    Reliance Jio Launches JioMoney Digital Wallet to The PublicReliance Jio Infocomm has launched  its new digital wallet service, named JioMoney Wallet, on the Apple and Android app stores.

    JioMoney is a semi-closed prepaid wallet  that aims to enable mobile-based transactions, where customers can store money and use it for purchasing goods and services.

    JioMoney Wallet

    With JioMoney, users can do mobile and DTH recharges, send/receive money, make bill payments, pay insurance and other premiums.

    JioMoney Wallet app will also support payments on online stores like Clarks, Bookmyshow and Groupon along with payments support for the Reliance ecosystem.

    Reliance Jio have partnered with nearly 50,000 online merchants to accept JioMoney and the wallet will be available for use on Flipkart and Snapdeal.

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  • Telecom firms cannot be fined for call drops: SC

    Telecom firms cannot be fined for call drops: SCThe Supreme Court has ruled that Telecom companies will not compensate mobile phone users for inconvenience caused by call drops as service provider alone can not be balmed for call drops.

    A bench headed by Justices Kurian Joseph and R F Nariman termed Trai's rule "arbitrary, illegal and unreasonable".

    It said that telecom companies cannot be punished by Trai in the name of protecting consumer interests.

    It dismissed the conclusion of TRAI that the firms alone were to blame for call drops and were thus deficient in service.

    Background

    In October 2015, Trai ordered operators to pay Re 1 for every call drop to the user, with a maximum of three per day.

    The regulation was to come into effect from January but service providers had refused to pay compensations to the consumers, and had taken the case to SC. 

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  • President Pranab Mukherjee approves names of four new judges of Supreme Court

    President Pranab Mukherjee approves names of four new judges of Supreme CourtPresident Pranab Mukherjee has approved the appointment of four judges to the Supreme Court by signing their warrants of appointment as per Article 124 of Constitution. These include three chief justices of high court and one senior advocate.

    The four judges to be sworn in are : (i) Justice A M Khanwilkar of Madhya Pradesh High Court (ii)  Justice D Y Chandrachud of Allahabad High Court (iii) Justice Ashok Bhushanof Kerala High Court (iv) Senior lawyer and former Additional Solicitor General L Nageshwar Rao to the Supreme Court. 

    Background: These names were recommended by the Supreme Court Collegium  headed by Chief Justice of India (CJI) TS Thakur for the first time since the National Judicial Appointments Commission (NJAC) Act was struck down by a Supreme Court bench in October, 2015.

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  • Air Pollution could cause over 5 lakh premature deaths in India

    Air Pollution could cause over 5 lakh premature deaths in IndiaAccording to a new study conducted by researchers at the Indian Institute of Tropical Meteorology and the US National Center for Atmospheric Research, air pollution could lead to 570,000 premature deaths in India.

    Researchers says that the problem would likely cost the Indian economy hundreds of billions of dollars annually.

    A report released by Greenpeace said that the quality of air in India surpassed China in the quantity of fine particulate matter in the air. It found there were 128 micrograms of fine particulate matter in New Delhi’s air.

    Meanwhile, newly released report by WHO suggests that increasing pollution is claiming 7 million lives every year around the world. Based on survey of some three thousand cities around the globe, the most polluted cities are still found in China and India.

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  • Govt approves Rs 1,984-cr Delhi-Meerut Expressway stretch

    Govt approves Rs 1,984-cr Delhi-Meerut Expressway stretchThe Cabinet Committee on Economic Affairs (CCEA) has given its approval for the widening of the crucial Delhi-Meerut Expressway, to be built at an estimated cost of Rs 1,983 crore. 

    The widening of the stretch will ease traffic congestion in Delhi - NCR and reduce the distance between the national capital and Meerut to 40-45 minutes from 3 hours at present.

    The expressway will give a big boost  to development in western Uttar Pradesh and will make travel to cities like Dehradun, Moradabad and Bareilly much faster.

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  • India and five other nations sign pact on tax info sharing 

    India and five other nations sign pact on tax info sharing India and five other nations, including China, Israel, Canada, New Zealand and Iceland signed  Multilateral Competent Authority agreement for automatic exchange of information on tax issues and develop new tools and standards for tackling tax base erosion and evasion bringing the total number of signatories to 39 countries.

    Other countries which have already signed the pact include Australia, France, Germany, Japan, Liechtenstein, Malaysia, Italy and the UK.

    The pact allows all signatories to bilaterally and automatically exchange Country-by-Country Reports with each other.

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  • Foreign Banks can invest up to 10% in private lenders

    Foreign Banks can invest up to 10% in private lendersThe Reserve Bank of India has allowed foreign banks to invest up to 10% in local private lenders and supranational institutions but in exceptional circumstances such as restructuring or weak banks RBI may permit a higher level of shareholding. 

    RBI has also doubled the stake that individuals and institutions can acquire in private banks to 10%. Non-regulated, non-diversified and unlisted financial entities can acquire stakes of up to 15% .

    However, any acquisition of shares above 5% in a bank will continue to require RBI approval. 

    The guidelines on shareholding in private sector banks had been reviewed in light of the new bank licences issued in 2013 and to facilitate the need for additional capital for lenders because of the implementation of more stringent Basel III norms. 

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  • RBI issues norms for approval of branch offices by foreign entities in India  

    RBI issues norms for approval of branch offices by foreign entities in IndiaThe Reserve Bank of India has released new guidelines for foreign entities to open a branch office or a liaison office or a project office in India.

    As per  new guidelines entities from Pakistan, China, Bangladesh and four other regions will require prior approval of RBI to establish branch office or project office in India.

    However, in the case of proposal for opening a PO relating to defence sector, no separate reference or approval of Government of India shall be required if the said non-resident applicant has been awarded a contract by the Ministry of Defence or Service Headquarters or Defence Public Sector Undertakings.

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2nd Aug

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