DAILY CURRENT
AFFAIRS: 2ND NOV 2016
(Daily News India)
1. BANKS
TO REPORT FRAUDS OF RS 1 CRORE AND ABOVE TO CVC
i.
Vigilance Commission has now made it mandatory for the public sector banks to
report to it all such matters involving funds over Rs one crore.
ii.
The Commission will also call regular monthly meetings of senior officials of
Reserve Bank of India, CBI and banks to monitor probe in suspected bank frauds
of Rs 50 crore and above.
2. FINANCE
MINISTRY RELEASES RS 1,093 CRORE FOR RESTORATION OF INFRASTRUCTURE IN J&K
i.
The finance ministry released first installment of special assistance of Rs
1,093.34 crore for repair and permanent restoration of damaged public buildings
in J&K .
ii.
The Prime Minister Reconstruction Plan for J&K was announced by Narendra
Modi on November 7, 2015, for Rs 80,068 crore for post flood relief and
restoration and long-term development of the state.
3. INDIA
AND PALESTINE INKS MOU TO SETUP PALESTINE-INDO TECHNO PARK IN RAMALLAH
i.
India and Palestine a MoU for setting up a Palestine-India Techno Park in
Ramallah, Palestine.
ii.
During the visit of President Pranab Mukherjee to Palestine in October last
year, the announcement for setting up of park was made.
iii.
The Palestinian side has made the land available for the project.