KNOW YOUR CURRENT AFFAIRS IN FEW MINUTES
CURRENT AFFAIRS 1 : GOVT. UNVEILS RS. 2.1 LAKH CRORE BANK RECAPITALISATION PLAN NEWS : Recently Govt. announced Rs. 2.1 lakh crore recapitalisation plan for public sector banks (PSBs) WHAT IS RECAPITALISATION ? Recapitalization is a type of corporate reorganization involving substantial change in a company's capital structure
WHAT ARE THE OTHER REFORMS INTENDED ? It including a reforms package across six themes including aspects like • customer responsiveness, • responsible banking, and • increasing credit offtake.
CURRENT AFFAIRS 2 : PROBE INTO DRUG CARTEL HITS ROADBLOCK THE DRUG CARTEL IN LIGHT : The International Drug cartel’s operation in Kochi came to light with three back-to-back arrests of its carriers at the international airport here.
WHAT IS CARTEL ? A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices
WHAT LAW SAYS ? The term Cartel is defined under Indian Competition Act 2002 under section 2(c), these cartel formation is presumed to be anti- competitive.
WHAT IS THE RELEVANCE IN INSTANT ISSUE ? Drugs has been confiscated in various places in India and internationally which displayed a pattern of existing agreement with those sellers/producers – THUS CALLED AS DRUG CARTEL.
INTERESTING INFO : • Drugs delivered through couriers. • Which is purchased online
CURRENT AFFAIRS 3: THE INDIAN LOCK SAGE
Areas famous for lock industries in India • Aligarh is a city in the Northern Indian state of Uttar Pradesh • Dindigul is a city in the South Indian state of Tamil Nadu.
Aligarh incurs more profit than Dindugul.
WHY WE READ THIS ? A key move for revival of Dindigul lock industry- today's news
CURRENT AFFAIRS 4 : KUWAIT GOVT. GRANTS GENERAL AMNESTY TO EXPATRIATES
THE PROBLEM : Many workers to Kuwait are duped by the agents and end up as illegal immigrants.
HEARTY SOLUTION : The Kuwait government has granted a general amnesty to expatriates living in that country without valid visas.
AMNESTY PERIOD : January 29 to February 22 GRANTED BY : Ministry of Interior of Kuwait on Tuesday
IMPLICATION OF AMNESTY :
RIGHT TO FREE EXIT : The amnesty envisaged that illegal residents or overstaying immigrants could leave the country during the above period through any port without getting permission from any authority and not paying any penalty.
RIGHT FOR PROPER ENTRY : Those who leave the country during the period will be allowed to enter Kuwait again if they meet the regular conditions of entry and not banned for any reason. DOWNLOAD THE CA HERE