Daily News Prescription | 25 December 2019

Daily News Prescription - 25 December 2019

Updated on 25 December, 2019

Target 2020 Current Affairs
daily-news-prescription-25th-dec-2019

GS2: Governance

Cabinet approves creation of the post of Chief of Defence Staff in the rank of four-star General (PIB) In a landmark decision with tremendous reform in higher defence management in the country, the Union Cabinet chaired by Prime Minister Narendra Modi has approved to create the post of Chief of Defence Staff in the rank of a four-star General with salary and perquisites equivalent to a Service Chief. The Chief of Defence Staff will also head the Department of Military Affairs (DMA), to be created within the Ministry of Defence and function as its Secretary.

Cabinet approves Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (PIB) The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved a proposal to promulgate an Ordinance and  to amend the Insolvency and Bankruptcy Code, 2016.

Cabinet approves Atal Bhujal Yojana (PIB) The Atal Bhujal Yojana scheme envisages active participation of the communities in various activities such as formation of water user associations, monitoring and disseminating ground water data, water budgeting, preparation and implementation of

Cabinet approves conduct of Census of India 2021 and updation of National Population Register (PIB)

 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for conducting Census of India 2021 at a cost of Rs. 8,754.23 crore and updation of National Population Register (NPR) at a cost of Rs. 3,941.35 crore.

IBC ordinance that shields buyers from prior lapses passed (Mint) The amendments will also make IBC prevail over other laws including the Prevention of Money Laundering Act

Explained: What is National Population Register (NPR)? (IE) NPR: It's a register of usual residents of the country. It is mandatory for every usual resident of India to register in the NPR. It includes both Indian citizens as well as a foreign citizen.

Union Cabinet clears NPR update, census (TH) No proposal to create NRC based on the data collected, says Home Ministry official.

Cabinet approves official amendments to the Arms (Amendment) Bill, 2019 (PIB) The Union Cabinet chaired by Prime Minister Narendra Modi has given ex-post facto approval for official amendments to the Arms (Amendment) Bill, 2019 moved and passed by the Lok Sabha on December 9th, 2019.

 

GS2: International Relations

Cabinet approves ex-post facto agreement on Security Cooperation between India and Saudi Arabia (PIB) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given ex-post facto approval on an Agreement on Security Cooperation between the Government of the Republic of India and the Government of the Kingdom of Saudi Arabia that was signed on 29th October, 2019 during the visit of Hon'ble Prime Minister to Saudi Arabia.


 

GS3: Infrastructure

Railway Board revamp will see cut in strength (TH) Government says this would help end “departmentalism”, while ensuring smooth working of the Railways.

Cabinet approves transformational Organisational Restructuring of Indian Railways (PIB) The Union Cabinet chaired by Prime Minister Narendra Modi has approved a transformational organisational restructuring of the Indian Railways. This historic reform will go a long way in achieving the Government’s vision of making Indian Railways the growth engine of India's vikas yatra.

 

GS3: Economy

India in the midst of significant slowdown: IMF (TH) Declining consumption and investment, and falling tax revenue, have combined with other factors to put the brakes on one of the fastest-growing economies in the world, the IMF said in its annual review.

Key steps to kick-starting the economy (TH) Getting financial institutions to a healthy state when they can begin to lend confidently is most crucial for faster growth

Double trouble (TH) Uneven inflation and sluggish growth present serious dilemmas for policymakers


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