India ratifies Two Fundamental Global Conventions to combat Child Labour

India has ratified two key global conventions for combating child labour as a step towards creating full respect for fundamental rights at work. Salient Highlights India has deposited the instruments of ratification of the two fundamental ILO Conventions with the International Labour Office (ILO). ..

Month: Current Affairs - June, 2017

RBI identifies 12 Bank Accounts accounting 25% of NPAs to initiate Bankruptcy Proceedings

RBI’s Internal Advisory Committee (IAC) has identified 12 bank accounts constituting nearly 25% of the gross bad loans for immediate referral and resolution under the bankruptcy law. Each of the 12 identified accounts was having more than 5,000 crore rupees of outstanding ..

Month: Current Affairs - June, 2017

DRDO Successfully Test-fires anti-Tank Nag Missile

The Defence Research and Development Organisation (DRDO) has successfully test fired anti-tank ‘Nag’ missile in Rajasthan. The test was conducted by Scientists of the Dr. A.P.J. Abdul Kalam Missile Complex at Hyderabad, Defence Laboratory at Jodhpur, High Energy Materials Research Laboratory (HEMRL) at Pune and ..

Month: Current Affairs - June, 2017

Ministry of Railways launches Mission Retro-Fitment

Minister of Railways Suresh Prabhu has launched Mission Retro-Fitment to enhance the passenger experience by upgrading the existing fleet of coaches. Salient Highlights Mission Retro-Fitment is an ambitious program of the ministry or railways to upgrade the level of furnishing & amenities ..

Month: Current Affairs - June, 2017

SEBI allows Options Trading in Commodity Futures

SEBI has allowed options trading on futures contract of commodities. However, the capital market regulator has allowed the commodity derivatives exchanges to initially launch options on futures of only one commodity. Salient Highlights SEBI has put in place strict eligibility ..

Month: Current Affairs - June, 2017

Indian Warships reach Australia to take part in Bilateral Maritime Exercise AUSINDEX-17

Indian warships have reached Australia’s port city of Freemantle to take part in a week-long naval exercise off the Western Australian coast. Salient Highlights Exercise Australia-India (AUSINDEX) was first conducted off the East Coast of India in September 2015. AUSINDEX-17 will be the ..

Month: Current Affairs - June, 2017

SEBI asks Commodity Exchanges to Set up Investor service Fund

SEBI has come up with comprehensive guidelines asking the Commodity derivatives exchanges to compulsorily set up investor protection and service funds. Salient Highlights The commodity exchanges should maintain separate bank accounts for maintaining the corpus of the IPF and the ISF. ISF  ..

Month: Current Affairs - June, 2017

ICC ODI Player Rankings: Virat Kohli becomes No.1 ODI Batsman

Indian Skipper Virat Kohli has reclaimed the top spot in the recently released ICC ODI batting rankings. He overtook South Africa’s AB de Villiers and Australia’s David Warner to reach the number one position. In January, Kohli managed to reach ..

Month: Current Affairs - June, 2017