Current Affairs - May 22

In today's article, you will read

• D B Shekatkar committee to relook defence expenditure.
• US House of Representiatives approved to bolster defence ties with India on par with NATO.
• SEBI tightened the Participatory Notes (P-note) norms
• Health Minister JP Nadda launched Kayakalp Fortnight initiative at AIIMS New Delhi.

D B Shekatkar committee to relook defence expenditure

Union government has appointed the 11-member committee led by Lt Gen D B Shekatkar(retd) to relook defence expenditure.

The Aim of this committee is to ensure India's combat capabilities and potential are enhanced, with a better teeth-to-tail combat ratio, within budgetary constraints. Shekatkar committee will recommend measures to enhance the combat capabilities of the over 13-lakh strong armed forces and "Re-balance" the overall defence expenditure in view of the escalating salary and pension bills.

Questions:

• Government constituted which committee to relook defence expenditure?
• A committee of how many members will relook defence expenditure?

Answers

• Lt Gen D B Shekatkar
• 11

US House of Representatives approved to bolster defence ties with India on par with NATO

The US House of Representatives have given its nod to a bipartisan legislation to improve defence ties with India. In this regard, and amendment to the National Defence Authorisation Act (NDAA) was approved by the House. The amendment is dubbed as 'Enhancing Defence and Security Co-operation with India'.

The legislation, once approved by the Senate and the President, will bring the country's bilateral relations with India on par with its NATO allies and Israel. It encourages the executive branch to designate an official to focus on US-India defence cooperation.

Questions:

• US House of Representatives gave nod to bolster defence ties with which country on par with NATO?
• Extend the term NDAA

Answers:

• India
• National Defence Authorisation Act

SEBI tightened the Participatory Notes(P-notes) norms

The market regulator Securities and Exchange Board of India (SEBI) has tightened the Participatory Notes (P-note) norms to keep vigil on foreign investments to curb black money inflows in the country. In this regard, SEBI has introduced Know Your Client (KYC) compliance for holders of thsese instruments in order to bring them on a par with domestic investors.

Participatory Notes are offshore/overseas derivative instruments (ODIs) issued by registered foreign institutional investors (FII) to overseas investors. They are commonly known as P-Notes. P-Notes are issued to overseas investors who wish to invest in the Indian stock markets without registering themselves with the market regulator SEBI. SEBI had permitted FIIS to participate and register in the Indian stock market in 1992.

Questions:

• Who has tightened P-note norms to keep vigil on foreign investments to curb balck money inflow?
• ________ are issued to overseas investors who wish to invest in the Indian stock markets without registering themselves with SEBI.

Answers:

• SEBI
• Participatory Notes (P-note)

Health Minsiter JP Nadda launched Kayakalp Fortnight initiative at AIIMS New Delhi.

Union Health Minister on 20 May 2016 launched the 'Kayakalp Fortnight' at All India Institute of Medical Sciences (AIIMS), New Delhi. It has to be ovserved from the date of launch to 3 June 2016 throughout the country in various Central Government hospitals.

The aim of the Kayakalp Fortnight is to intensify Kayakalp initiative under the Swachch Bharat Abhiyaan. As part of it senior officers of the Ministry will be inspecting various Central Hospitals in the country to take stock of the existing status and to intensify the Swachhta drive. Kayakalp initiative was launched in 2015 to set protocols for hygiene and sanitation at government health facilities.

Questions

• Kayakalp Fortnight initiative was launched at which place?
• Who has launched Kayakalp Fortnight initiative under the Swachch Bharat Abhiyaan?

Answers:

• AIIMS New Delhi
• JP Nadda

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