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Current Affairs

Foundation stone laid for MSME technology center in Visakhapatnam

Andhra Pradesh Chief Minister N Chandrababu Naidu, along with Union Ministers Kalraj Mishra and Venkaiah Naidu laid the foundation of Ministry of Micro, Small and Medium Enterprises technology centre at Pudi in Visakhapatnam district on Saturday. The Centre has decided to locate a world-class technology centre with an investment of up to Rs. 120 crore.

Addressing the gathering after laying the foundation stone for the Centre-sponsored programme for setting up Technology Centre Systems Programme, Mr. Chandrababu Naidu said industries would usher in economic growth and improve livelihood of people in the neighbourhood, besides providing jobs to the locals.

He said industrial workers should not resort to strike and vitiate the atmosphere as it would send wrong signals to investors.

He said he has been visiting various countries to get investments so that Andhra Pradesh is able to compete with other states in the field of industrial development.

Mr. Naidu said setting up of an industrial corridor in the region around Visakhapatnam district will help Andhra Pradesh become a hub of industrial activity in the country.

He also announced a development package for villages surrounding industrial centres in the district.

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RBI imposes penalty of Rs 5 cr on BoB

 

The Reserve Bank of India has imposed a penalty of five crore rupees on Bank of Baroda after it found irregularities in the 6,100-crore rupees scam that was unearthed last year. Various irregularities by bank such as non-submission and inordinate delays in filing of Suspicious Transaction Reports, besides opening of accounts by several entities without fulfilling KYC norms, were noticed by RBI.

Both CBI and the enforcement Directorate are probing huge remittances to Hong Kong from the bank. The amount was allegedly transferred in the garb of payments for imports that never took place, investigators said. Bank of Baroda said it has implemented a comprehensive corrective action plan, to strengthen internal controls and to ensure that such incidents do not recur.

 

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Bar Council of India suspends 126 TN lawyers

Bar Council of India (BCI) has suspended 126 lawyers of Tamil Nadu and prohibited them from practising in any court or tribunal in the country pursuant to its warning that it will suspend those who indulge in boycott and other activities. The BCI's action comes in the wake of an announcement by Joint Action Committee (JAC) of various bar associations to stage a sit-in at Madras High Court, its Madurai bench and subordinate courts today, to protest against the recently amended rules to Advocates Act. The JAC had said that they will not allow anyone, even judges, to enter the court premises.

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India's first green rail corridor launched in Tamil Nadu

The nation's first Green Rail Corridor, a 114-km long Rameswaram-Manamadurai stretch in Tamil Nadu which ensures zero toilet discharge on rail tracks, was inaugurated yesterday by Railways Minister Suresh Prabhu.

Trains in the section have been equipped with bio-toilets ensuring zero discharge of human waste on the rail tracks. Inaugurating the corridor, Mr Prabhu said his ministry was committed to converting all toilets in railways to bio-toilets.

He said till March 2016, a total of 35,104 bio-toilets had been provided and since then till last week 7,000 more new bio-toilets have been made operational. Mr Prabhu said the Railways has set a target to provide 30,000 new bio-toilets during 2016-17. He said before end of March next year, the Jammu-Katra section will also be human waste free.

He also inaugurated high speed upgraded Wi-Fi facility, set up in association with Google, at Chennai Central Railway Station and a similar facility at Tiruchirappalli through video conferencing. The Wi-Fi amenities were part of the digital India plan of Prime Minister Narendra Modi, he said.

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Odisha govt to acquire one lakh acre land under its land bank scheme

In a bid to ease the land acquisition for industries, the Odisha government has set a target to acquire one lakh acre land under its land bank scheme within one year.

The Odisha Industrial Development Corporation (Idco) has been assigned the task for acquiring the land under the scheme.

Official sources said, the land that will be acquired under the scheme has been placed under category ‘A’ and ‘B’.

Land acquired under ‘A’ category will be utilised for industrial projects while ‘B’ category land will be kept reserved for future use.

The scheme was implemented to attract investors for establishing industries in the State.

The land bank scheme is functioning well in Gujarat and has been successful in roping in companies to invest in the State.

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