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DAILY DOSE 12th AUG -2024 CURRENT AFFAIRS
1) MEA and NSIL Sign MoU for Launch of Nepalese Munal Satellite:
- The Ministry of External Affairs (MEA) and NewSpace India Limited (NSIL), the commercial arm of ISRO, have signed a Memorandum of Understanding (MoU) to facilitate the launch of Nepal’s Munal satellite
- The MoU was formalized on Saturday, with Anurag Srivastava, Joint Secretary (North) from MEA, and Arunachalam A, Director from NSIL, representing their respective organizations.
2) “King Khan” Receives Lifetime Award At Locarno Film Festival:
- Bollywood’s charismatic ‘King Khan’, graced the 77th Locarno Film Festival with his presence on August 10, receiving a career achievement award that further gilds his storied career.
- Shah Rukh delivered his acceptance speech to a rapt audience of 8,000 at Locarno’s famed Piazza Grande.
3) Government Restores Diamond Imprest Licence for Gems and Jewellery Sector:
- Commerce and Industry Minister Piyush Goyal has announced the restoration of the Diamond Imprest Licence, a move aimed at revitalizing India’s gems and jewellery sector.
- The decision was made during the India International Jewellery Show (IIJS) 2024, organized by the Gem and Jewellery Export Promotion Council (GJEPC).
4) Continuous Clearing Of Cheques:
- The Reserve Bank of India (RBI) has announced the implementation of Continuous Clearing of Cheques under the Cheque Truncation System (CTS), aimed at speeding up the cheque clearing process.
- Currently, CTS takes up to two working days to clear cheques.
- With the new system, cheques will be scanned, presented, and cleared within hours on a continuous basis during business hours, significantly reducing the clearing time.
- This change is intended to improve efficiency, reduce settlement risk, and enhance customer experience.
5) Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 : Approved
- The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, which aims to provide financial assistance to help one crore urban poor and middle-class families build, purchase, or rent affordable housing over five years.
- The scheme, targets families with no permanent house and offers subsidies on home loans for economically weaker sections (EWS), low-income groups (LIG), and middle-income groups (MIG).
- The program also includes support for rental housing and innovative construction technologies to ensure better living conditions in urban areas.
6) Banking Laws (Amendment) Bill, 2024:
- A bill proposing changes to banking laws, including allowing up to four nominees for a bank account, was introduced in the Lok Sabha recently.
- The Banking Laws (Amendment) Bill, 2024, aims to strengthen banking governance, enhance reporting consistency to the Reserve Bank of India (RBI), and improve protection for depositors and investors.
- The Bill seeks to elevate audit quality in Public Sector Banks and extend the tenure of directors in cooperative banks, excluding the chairperson and whole-time director.
- These changes are designed to ensure better oversight and accountability within the banking sector.
7) Clean Plant Programme:
- The Union Cabinet has approved the Clean Plant Programme (CPP), aimed at revolutionizing India’s horticulture sector.
- The CPP, part of the Mission for Integrated Development of Horticulture, will enhance the quality and productivity of fruit crops by providing virus-free, high-quality planting material.
- The program includes the establishment of nine state-of-the-art Clean Plant Centers (CPCs) across India, which will produce and maintain clean planting materials.
- It also introduces a robust certification and legal framework to ensure accountability and traceability in planting material production.
8) UNESCO’s Intergovernmental Oceanographic Commission : In News:
- Three underwater geographical structures located in the Indian Ocean for which the International Hydrographic Organization (IHO) and UNESCO’s Intergovernmental Oceanographic Commission (IOC) have awarded names originally proposed by India.
- UNESCO’s Intergovernmental Oceanographic Commission promotes international cooperation in marine sciences to improve management of the ocean, coasts and marine resources.
- The IOC enables its 150 Member States, and India has been a member of this commission since 1946.
- It works together by coordinating programmes in capacity development, ocean observations and services, ocean science, tsunami warning and ocean literacy.
9) Investor Education And Protection Fund:
- Union Finance Minister introduced the Banking Laws (Amendment) Bill, 2024 which proposes to enable the transfer of unclaimed dividends, shares and interest or redemption of bonds to the Investor Education and Protection Fund (IEPF).
- Investor Education and Protection Fund has been established under Section 205C of the Companies Act, 1956 by way of the Companies (Amendment) Act, 1999.
- The following amounts that remained unpaid and unclaimed for a period of seven years from the date they became due for payment are credited to the Fund:
10) NEOWISE Telescope:
- Nasa’s Near-Earth Object Wide-field Infrared Survey Explorer (NEOWISE) has concluded its mission, marking the end of a journey spanning over a decade.
- NEOWISE Telescope was launched in 2009 by NASA as the Wide-Field Infrared Survey Explorer, or WISE.
- The space telescope was originally designed to survey the sky in infrared, detecting asteroids, stars and some of the faintest galaxies in space.
- It had completed its primary mission in February 2011.
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