Home ministry relaxes travel rules for OCI card holders
Overseas Citizenship of India cardholders, in certain age
groups, can travel to India even if they have not re-registered it after the
issuance of their new passports, as the Home Ministry has relaxed travel
conditions till June 30, 2020.
An Overseas Citizen of India (OCI) cardholder is required to
re-register each time a new passport is issued till 20 years of age and once
after 50 years of age, the ministry spokesperson said.
In order to facilitate OCI cardholders, the requirement has been
relaxed till June 30, 2020, according to the union home ministry instructions
dated December 17, 2019, but they will have to carry old and new passports, she
The ministry has been informed that immigration authorities and
airlines in some countries are not allowing OCI cardholders to travel to India
because either the cardholder did not re-registered after attaining 50 years of
age or did not get it re-issued on passport renewal (for the age group of below
20 years), the December 17 order said.
The ministry asked the External Affairs Ministry to advice the
Indian Missions abroad to temporarily relax the conditions in the wake of
problems faced by the cardholders, it said.
PM Awasyojana sanctions more than 1 crore households
Government today said that more than one crore houses have
been sanctioned under PradhanMantriAwasYojana (Urban).
Briefing media in New Delhi, Housing and Urban Affairs Minister
HardeepPuri informed that one crore houses have already been sanctioned out of a
validated demand of 1.12 crore houses in urban areas.
He said a total of 57 lakh houses are in various stages of
construction of which, nearly 30 Lakh houses have been completed. PMAY (U) is
one of the largest affordable housing programmes in the world.
Secretary, Ministry of Housing and Urban Affairs, DurgaShanker
Mishra informed that the Mission has covered a range of social groups. This
comprises of around 5.8 lakh senior citizens, 2 lakh construction workers, 1.5
lakh domestic workers, and 1.5 lakh artisans.
He said empowerment of women is an inbuilt design of the scheme
where the ownership of the house is in the name of female head of household or
in the joint name.
AIR correspondent reports, the implementation of
PradhanMantriAwasYojana (Urban) has induced a remarkable investment in housing
sector especially in the affordable housing segment.
The houses sanctioned so far under the Mission involve an
investment of about 5.70 lakh crore rupees with central assistance of 1.6 lakh
The Central government is contributing one lakh to 2.67 lakh
rupees for each house under different verticals of the scheme. As on date,
nearly 60,000 crore rupees of central assistance has already been released.
RBI asks cooperative banks to report more exposures
The Reserve Bank on Friday directed large cooperative banks
to report all exposures of Rs 5 crore and more to the Central Repository of
Information on Large Credits (CRILC), a move aimed at early recognition of
The Reserve Bank has created a CRILC of commercial banks, all
India financial institutions and certain non-banking financial companies with
multiple objectives, which, among others, include strengthening offsite
supervision and early recognition of financial distress.
Earlier in its bi-monthly monetary policy review this month, the
RBI had announced that to bring UCBs with assets of Rs 500 crore and above under
the CRILC reporting framework.
Aggregate exposure will include all fund-based and non-fund
based exposure (like partial credit enhancement) including investment exposure
on the borrower.
To start with, UCBs will be required to submit CRILC report on
quarterly basis with effect from December 31, 2019.
Reduction in oil imports duty to affect farmers and industry
alike claims industry association
The Solvent Extractors’ Association (SEA) has said that
reduction of crude palm oil import duties will seriously hurt the oil seed
farmers and not benefit the Industry.
It also said that the national mission of edible oil which is
targeting oilseed production in the country to about 50 million tonnes in next
three to five years will also be jeopardized with this move.
We suggest duty differential between Crude palm oil (CPO) and
refined palmolein be raised to 15% (or minimum 10% as at present ) without in
any way reducing duties, said Chaturvedi.
"This will be in line with our Prime Ministers vision of Make in
India without compromising the interests of our oilseed farmer. Needless to say
currently oil seeds are selling above minimum support price which augurs well
for the future of oilseed production as the right price signals are going to
Chaturvedi also said that the palm refining industry will suffer
if the duty differential between CPO and refined palmolein is reduced to 7.5%
from existing 10% in line with ASEAN agreement which is likely to kick in-from
1st January 2020. "We demand the same should be kept at 15% or minimum 10% ( as
at present)," he said.
EU & Britain plans to extend Brexit negotiations beyond 2020
European Commission President Ursula von der Leyen has said
the European Union and Britain should consider extending the negotiations on
Brexit beyond 2020.
In an interview to French business newspaper 'Les Echosa'
European Commission von der Leyen expressed concern over limited time for
implementation of the proposed deal. Britain is scheduled to leave the EU on
January 31. If it does, it will be the first time a country leaves the world's
biggest trading bloc.
Negotiations between the remaining members and the British
government on future trade, fisheries, education and transport relations can
only begin after that date and must conclude by the end of 2020.
Von der Leyen said that both sides should seriously consider
whether the negotiations are feasible in such a short time, and agree on an
extension to the transition period.
But British Prime Minister Boris Johnson has insisted he would
not agree to any delays.
Under Article 50 of the European Union's Lisbon Treaty rule
book, which governs how countries leave the bloc, any new extension to the
departure process must be agreed by 30 June 2020.
Japan to send warships for protection of vessels in middle east
Japan's government has announced that it will send a warship
and patrol planes to protect Japanese ships in the Middle East as the
situation in the region remains volatile.
The cabinet office said the rare overseas deployment, which will
be limited to intelligence-gathering, is meant to ensure the security of
Japanese merchant ships and help maintain peace and stability in the region. The
decision follows a series of attacks on oil tankers in the region, one of which
The announcement follows a meeting last week in Tokyo between
Japanese Prime Minister Shinzo Abe and Iranian President Hassan Rouhani, whose
country the United States has blamed for attacks on tankers in the Gulf of Oman
::SCIENCE & TECHNOLOGY::
New China-Brazil Earth Resource Satellite launched
The China-Brazil Earth Resource Satellite-4A (CBERS-4A), a
new satellite jointly developed by China and Brazil as part of a bilateral
programme, was recently sent into space, thus further pushes forward the
aerospace cooperation between two countries. It was launched on a Long
March-4B carrier fromTaiyuan Satellite Launch Center in Shanxi Province of
The same rocket also put into orbits another 8 satellites,
including a wide-range multispectral remote-sensing microsatellite donated to
Ethiopia (which is also Ethiopia’s first satellite).
CBERS-4A is equipped with 3 optical payloads:- a wide-range
panchromatic multispectral camera developed by China, and a wide-field imager
and a multispectral camera developed by Brazil.
It will obtain global optical remote-sensing data and will also
support Brazilian government’s to monitor Amazonrainforest and changes in
It will also be used in fields such as earth resource
monitoring, agriculture, environmental protection, meteorology, surveying and
mapping, and serveBrazil and more developing countries. It can also provide
services for African, Latin American and Asian countries.
The satellite was jointly developed by China Academy of Space
Technology (CAST) and National Institute for Space Research (NISR) of Brazil,
while thecarrier rocket was developed by Shanghai Academy of Spaceflight
Russia challenges WADA sanction over doping violations
Russia has formally contested its ban from major sporting
events over doping violations. The head of its RUSADA anti-doping agency
director general YuryGanus told reporters in Moscow yesterday that in
accordance with established procedure, Russia sent a package of documents to
The package contains a notice about disagreement with WADA
sanctions. WADA this month banned Russia for four years from major global
events, including the 2020 Tokyo Olympics and the 2022 World Cup in Qatar, over
manipulated doping data.
Russian President Vladimir Putin has called the sanctions
politically motivated, indicating a lengthy legal battle loomed. He argued that
the majority of Russian athletes were clean and should not be deprived of the
right to compete under the Russian flag due to the actions of some individuals.