Current Affairs - May 21

In today's article, you will read

• PEHAL, An Initiative launched in Himachal Pradesh for Women Empowerment.
• 27th India-Indonesian CORPAT concluded in Belawan.
• RBI has laid down rules allowing FDI up to 100 percent in CICs.
• G-7 summit 2016 of Finance Ministers started in Japan.

PEHAL, An Initiative launched in Himachal Pradesh for Women Empowerment

Himachal Pradesh Government has launched 'PEHAL' a vision document of the Shimal District adminstration for raising education standards. It was launched by Chief Minister Virbhadra Singh in Shimla. PEHAL is an attempt to integrate the various stakeholders in the development stroy of the district.

The initiative also aims at building a resource base of semi-skilled and skilled women. Under Pehal, empowering the people with requisite skills under the livelihood mission will include basic masonry, electrical work, home appliances reparing and plumber courses.

Questions:

• Which state has recently launched PEHAL programme to empower women for Raising Education Standards?
• Who is the Chief Minister of Himachal Pradesh?

Answers:

• Himachal Pradesh
• Virbhadra Singh

27th India-Indonesian CORPAT concluded in Belawan

The 27th edition of the India-Indonesian CORPAT (Coordinated Patrol) concluded on 19 May 2016 in Belawan, Indonesia. The closing ceremony Belawan saw the two navies conducting interactive session on measures to enhance inter operability. The 27th CORPAT was conducted from 29 April to 19 May 2016.

Indian Naval Ship Karmuk entered Belawan harbour on 16 May 2016 with the Senior Officer Commodore Girish Kumar Garg. The Indian and Indonesian navies have been carrying out Coordinated Patrolling along the International Maritime Boundary Line (IMBL) twice a year since 2002. The CORPAT has strengthened understanding and interoperability between the two navies.

Questions

• The 27th edition of the India-Indonesia CORPAT Concluded at which Place?
• This India-Indonesia CORPAT concluded how many times in a year?

Answers:

• Belawan
• Twice

RBI has laid down rules allowing FDI up to 100 percent in CICs

Aiming to attract more foreign investment, RBI on May 19th laid down rules permitting FDI up to 100 percent in credit information companies if ownership of the investor company is well diversified.

RBI also said it considered allowing higher FDI limits to entities with track record of running a CIC in a well regulated environment. FIIs/FPIs investing in CIC should not seek representation on the board of directors based on their shareholding according to RBI.

Questions:

• RBI has laid down rules allowing FDI up to what percent in CICs?
• Extend the term CICs

Answers:

• 100%
• Credit Information Companies

G-7 summit 2016 of Finance Ministers started in Japan

Finance ministers and central banks governor from the Group of Seven developed nations kicked off the first day of their meeting in Sendai, Japan. They have held discussions on the world economy, ahead of next week's G7 summit (26-27th May), to be held is Ise-Shima, central Japan. The participants countries in 42 G-7 summit 2016 are France, Germany, Italy, Japan, United Kingdom, Canada, Unites States and European Union.

Ahead of G-7 summit kickoff, the G-7 financial leaders discussed the future of the global economy with noted economists, including Nobel laureate Robert Shiller, a professor at Yale University, and Martin Feldstein, a professor at Harvard University. The participants are said to have exchanged views on what their governments can do to put the global economy back on track and achieve sustainable growth. Among world economic issues that they have discussed are the slowing Chinese economy and lower crude oil prices.

Questions:

• The G-7 Summit 2016 of Finance Ministers and Central Bank governors started at which place?
• Which country is hosting G-7 Summit 2016?

Answers:

• Sendai
• Japan

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