Current Affairs for SSC CGL Exams - 25 MAY 2019
PM submits resignation ahead of forming new government
- 16th LokSabha has been dissolved; President Ram NathKovind
accepted the resignation of Prime Minister NarendraModi and his Council of
Ministers. The Prime Minister met the President at RashtrapatiBhawan this
evening and tendered his resignation.
- The President requested Mr Modi and the Council of Ministers to
continue till the new Government assumes office. Earlier, the Union Cabinet
passed a resolution recommending the dissolution of the 16th LokSabha.
- The term of the 16th LokSabha will end on the 3rd June and the
17th LokSabha has to be constituted before that date.
- Sources also said that the oath-taking ceremony was still being
worked upon and did not rule out the possibility of a special touch to it,
like the invitation to heads of government of SAARC countries last time.
“But since the time to organise is shorter this time as it’s a government in
continuation, it may not pertain to foreign dignitaries alone,” said a
Higher education to get boosted with quality upgradation programme
- In what could be one of the first new initiatives of the second
act of the NDA government, the Ministry of Human Resource Development plans
to launch an ambitious Rs. 1.5 lakh crore action plan to improve the quality
and accessibility of higher education over the next five years.
- “While the country has been in election mode, we have had 80
experts working on the EQUIP project over the last two months, to bring
transformational change to the system,” Higher Education secretary R.
Subrahmanyamtold on Friday.
- EQUIP stands for the Education Quality Upgradation and Inclusion
Programme and was crafted by ten committees led by experts within the
government such as NITI Aayog CEO Amitabh Kant, principal scientific advisor
K. Vijay Raghavan and former revenue secretary HasmukhAdhia, as well as some
- The ten committees have drafted strategy to improve access to
higher education, especially for underserved communities; improve the gross
enrolment ration; improve teaching and learning processes; build educational
infrastructure; improve the quality of research and innovation; use
technology and online learning tools; and work on accreditation systems,
governance structures and financing.
SEBI to encourage foreign inflow to Indian market, moots rule change
- As part of its attempts to streamline the regulations to encourage
foreign inflows in the Indian market, the Securities and Exchange Board of
India (SEBI) has proposed fast track on-boarding procedure for such
investors, apart from a simplified registration process.
- The capital markets regulator on Friday released the report of the
working group formed under the chairmanship of former RBI deputy governor HR
Khan last year. “As a key source of capital to the Indian economy, it is
important to ensure a harmonised and hassle-free investment experience for
international investors and improve transparency as economic regulations
evolve,” stated the report released on Friday.
- The committee has also proposed alignment of regulations for FPIs
and Alternate Investment Funds (AIFs) and the harmonisation between
investment restrictions in FPI regulations and Foreign Exchange Management
- Interestingly, in terms of restrictions on FPI investments in
mutual funds, the group said that there was a need for further deliberations
on whether such restrictions should be there.FPIs are currently not
permitted to invest in liquid and money market mutual fund schemes.
Copper,aluminium producers fear of India’s joining the RCEP
- Copper and aluminium associations in the country have sent
representations to the government voicing concerns about India joining the
Regional Comprehensive Economic Partnership (RCEP) grouping of countries.
- Such a move would pave the way for zero duty on imports of copper
and aluminium, which would cripple the domestic sector and stall further
investments, they said. Officials from the government are in Bangkok for an
inter-sessional meeting of the potential RCEP members.
- The RCEP countries are trying to conclude a treaty that would
eliminate input tariffs on about 90% of traded goods. The copper industry
has a somewhat nuanced approach to this, wherein it wants the raw material
to be included in the RCEP deal, but does not want copper-finished goods to
carry zero import duty.
- On the finished goods, the demand in the country is only 6.5 lakh
tonnes, which is expected to grow to about 8 lakh tonnes in the next five
years. As such, India has a domestic surplus capacity.
- The consequence of the uncertainty over whether India will join
RCEP and if it does, which product lines will be included in the zero-duty
structure, has meant that future investments have been stalled.
U.S to deploy additional troops in West Asia
- President Donald Trump announced on Friday that some 1,500
additional U.S. troops would be deployed to West Asia against a backdrop of
soaring tensions with Iran.
- “We want to have protection in the Middle East,” Mr. Trump told
reporters as he prepared to set off on a trip to Japan.We’re going to be
sending a relatively small number of troops, mostly protective,” Mr. Trump
added. “It’ll be about 1,500 people.”
- The deployment includes reconnaissance aircraft, fighter jets,
engineers, and the extension of the presence of a Patriot missile defense
battalion that accounts for 600 of the personnel.
- Pentagon officials said the move is in response to recent
incidents in the region, including a rocket attack on the Green Zone in
Baghdad, explosion that damaged four tankers in Fujairah at the entrance to
the Gulf, and a Houthi drone attack against a Saudi oil installation. The
U.S. intelligence had tied the incidents to Iran.
::SCIENCE & TECHNOLOGY::
Indian air force AN-32 fleet to use bio jet fuel
- Indian Air Force formidable workhorse, the Russian made AN-32
aircraft was today formally fleet certified to fly on blended aviation fuel
containing up to ten per cent of indigenous bio-jet fuel.
- The approval certificate was received at the aero-engine test
facilities at Chandigarh by Air Commodore SanjivGhuratia.
- According to an official release, the IAF has undertaken a series
of evaluation tests and trials with this green aviation fuel for the last
- The scope of these checks was in consonance with the international
aviation standards. Today’s approval is an acknowledgement of the meticulous
testing using the indigenous bio-jet fuel by the IAF.