Current Affairs for SSC CGL Exams - 9 SEPTEMBER 2019

SSC CGL Current Affairs

::NATIONAL::

Union Home Minister Amit Shah has asserted that the Article 371, which provides special provisions for North Eastern states, will not be tampered with
Addressing the 68th Plenary of the North Eastern Council (NEC) in Guwahati today, Mr. Shah allayed apprehensions of North Eastern people regarding Article 371, following the abrogation of Article 370.
He alleged that after the abrogation of Article 370, the opposition parties tried to carry out a campaign that the Article 371 will be abrogated. Mr. Shah announced that the NEC will earmark one- third of its funds for priority areas in North East. He said that not a single infiltration would be allowed in the region. He said that port connectivity with Bangladesh will boost GDP of the country.
He said that development of North East is the priority of the Prime Minister NarendraModi and the NDA government. He stressed to resolve the border disputes among the North Eastern states through dialogue .

The Legislative Assembly of the Union Territory of Jammu and Kashmir would decide its own land policy once its elected, a senior government official said on Sunday. The elected representatives could decide on the land use and categorise it as agricultural, commercial, educational and so on, he added. The new Union Territory will come into being on October 31.
After the special status of the State under Article 370 of the Constitution was revoked on August 6 by Parliament, residents from the Kashmir Valley and the Jammu region expressed concern and demanded protection for their land, culture and tradition.
A senior government official said J&K had its own land acquisition Act enacted in 1935 and with the revocation of the special status, the Right to Fair Compensation, Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, will be applicable to the Union Territory.

Finance Minister NirmalaSitharaman said on Friday that while the government will look into any challenges being faced by the economy, it will not allow Budgetary allocations to the social sector to be affected.
She said this in response to a query on whether tax targets would be met in the wake of economic slowdown.The Minister also said the government was yet to take a call on the utilisation of surplus funds transferred by the Reserve Bank of India.
Ms.Sitharaman, who was accompanied by the Revenue Secretary and the CBDT Chairman, said as part of an initiative to improve transparency, any notice issued by the Income Tax Department for tax claims from October 1 will have a distinct document identification number (DIN). This will be issued through a centralised process and with approval.

The loss of fund-raising capability through corporate debt bonds by NBFCs resulted in the gain for public sector financial institutions which increased their share in debt issues by 8 percentage points in 2018-19, said an Assocham-Crisil study.
Defaults by Infrastructure Leasing & Financial Services (IL&FS) at the beginning of September 2018 created panic and led to a dip in investor confidence towards lending to non-banking finance companies (NBFCs).
The debt market in India has seen notable growth over the years. However, the development has been skewed towards government securities, or G-secs, compared with corporate bonds. G-secs command a penetration ratio of nearly 30% of the GDP.
The study noted that investors tend to move towards the safety of the top-rated corporate bonds in the backdrop of certain events, affecting particularly the NBFC sector, it added.
The share lost by NBFCs/HFCs in overall issuances (of corporate bonds) was captured by PSU financial institutions, who grew their share by 8 percentage points, said the joint Assocham-Crisil on ‘Deepening the debt market’ which has dwelt issues and imperatives of the Indian debt market.

The 24th World Energy Congress will commence today in Abu Dhabi under the patronage of Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates.
The four-day World Energy Congress aims to bring together international energy stakeholders, including governments, private and state corporations, academia and media.
With over 15,000 participants expected, the Congress is set to welcome over 250 high-level speakers, 72 Ministers, 500 CEOs, 1000 media persons with 40,000 square-metre exhibition space that will cover the entire energy spectrum.

Saudi Arabia has reiterated its commitment to remain a reliable and sustainable partner in hydrocarbon supplies and also on Saudi investments in India.
Minister of Petroleum & Natural Gas and Steel, DharmendraPradhan who is on his first leg of his tour to Saudi Arabia shared this on his twitter handle after his meeting with the newly appointed Saudi Minister of Energy Prince Abdulaziz bin Salman in Jeddah today.
In an attempt to further the energy ties with the oil producing countries , Union Minister Pradhan accompanied by an official and business delegation, is on a visit to Saudi Arabia, UAE and Qatar from 7-12 September 2019 to engage with his counterparts in oil and gas as well as steel sectors in three countries.
On the sidelines of the AMER Meet , the Union Minister is also expected to meet his counterparts from Asian region and Heads of international energy organisations, who are attending the Asian Ministerial Energy Roundtable and the World Energy Congress.

In more good news for the State animal, the Nilgiritahr, its sightings in the Mukurthi National Park have risen from 568 in 2018 to 612 this year.
Officials said this was the second consecutive year that an increase in the population of the animal had been recorded in the park, meaning the population of the Nilgiritahr, also known as the Nilgiri ibex, has risen by 132 since 2016.
According to officials, the almost 8% increase in the population of the iconic animal in 2019 follows a similarly significant increase in its population in 2018. Officials said the upward trend was good news, as the new data reinforced last year’s findings.

The Committee of Administrators (CoA) of BCCI has appointed a three-member Independent Supervisory Committee to run the cricketing affairs of Bihar Cricket Association (BCA) and also conduct fresh elections.
The Committee will have the power to supervise, regulate and suspend the powers, duties and functioning of all post holders in the BCA, appoint or replace electoral officer, ombudsman and ethics officer.