DAILY CA : 1 NOV 2021
1.
MOES LAUNCHES INDIA’S 1ST MANNED
OCEAN MISSION ‘SAMUDRAYAN’ AT CHENNAI
·
Dr Jitendra Singh, Minister of State
(Independent Charge) – Ministry of Earth Science, launched India’s 1st Manned
Ocean Mission ‘Samudrayan’ from the National Institute of
Ocean Technology (NIOT) in Chennai, Tamil Nadu.
·
With this launch, India joins the
Unique set of countries in the World (like USA, Russia, Japan, France &
China) to have an underwater vehicle to carry out subsea missions.
·
MATSYA 6000, the manned
submersible developed under India’s Deep Sea Mission, is currently developed
with support from DRDO, ISRO & IIT Madras.
·
In 2020, China touched the ocean
depth of 11,000m using its manned submersible named ‘Fendouzhe’.
·
National Centre for Medium Range
Weather Forecasting (NCMRWF) – Noida, Uttar Pradesh
2.
ADB APPROVED USD 250 MILLION LOAN TO
SUPPORT INDIA’S NICDP
·
The Asian Development Bank (ADB) approved
the 250 million USD ( Rs 1873 crore) loan to support the
National Industrial Corridor Development Program (NICDP) of India.
·
This is the first subprogram of the
programmatic USD 500 million loan to develop 11 industrial corridors across 17
states.
·
NICDP aims to develop world-class
industrial nodes, supported by urban agglomerations and multimodal
connectivity, international gateways like ports and airports and inclusive,
climate-resilient, and sustainable infrastructure.
·
ADB Members –
68 members ,Headquarters– Metro Manila, Philippines
3.
RBI EASED CURRENT ACCOUNT RULES FOR
BANK EXPOSURES LESS THAN RS 5 CRORE
·
The Reserve Bank of India (RBI) has
eased the Current Account (CA) rules for bank exposures less
than Rs 5 crore and allowed borrowers to open CAs, Cash Credit (CC)
and OverDraft (OD) from the banking system under certain provisions.
·
Bank Exposure less than Rs 5
Crore: RBI has issued no restriction on
opening of CAs or on provision of CC/OD facility by banks for borrowers
with less than Rs 5 crore exposure to the banking system.Condition: Those
borrowers should inform the bank(s), as and when the credit facilities availed
by them from the banking system reaches Rs 5 crore or more.
·
Bank Exposure of Rs 5
Crore/more: RBI has allowed borrowers with
exposure of the banking system to Rs 5 crore or more to maintain CAs with any
one of the banks with which it has a CC/OD facility.Condition: Only
if the bank has at least 10 percent of the exposure of the banking system to
that borrower.
·
Non-lending banks are not
permitted to open CAs.
4.
NEW CHAIRPERSON AND PRESIDENT OF
NCLAT
·
The Appointments Committee of the
Cabinet (ACC) has approved the proposal to appoint Justice
Ashok Bhushan, former Judge of the Supreme Court of India, as the Chairperson of
National Company Law Appellate Tribunal (NCLAT) .
·
The government has also approved the
appointment of Justice Ramalingam Sudhakar, as the President of
the National Company Law Tribunal (NCLT).
·
NCLAT was constituted under Section
410 of the Companies Act, 2013 for hearing appeals against the orders
NCLT, with effect from 1st June 2016.
5.
HARBHAJAN SINGH, JAVAGAL SRINATH
LISTED IN MCC AWARDS HONORARY LIFE MEMBERSHIP
·
Recently Marylebone Cricket Club (MCC)
released the list of 18 Cricketers who were selected for the MCC awards
Honorary Life Membership of the Club. The list witnessed the names of
2 former Indian cricketers – Harbhajan Singh and Javagal Srinath.
·
MCC President – Clare
Connor (1st Female President of MCC),Location – Melbourne,
Australia.
