BUDGET 2020

UNION BUDGET 2020

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CURRENT AFFAIRSTHE HINDU : JULY 2019

Daily Current Affairs :25th July 2019 : The Hindu News Analysis

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WHAT IS POCSO AMENDMETNT BILL?



There has been a debate going on in Rajya Sabha over the passage of POCSO Amendment Bill. Here we are going to explore what the Bill is all about and what are the key amendments :

  • The bill increases the minimum punishment for 'penetrative sexual assault' from 7 years to 10 years. It also says that if the assault is committed on a child below the age of 16 years, there will be a punishment which includes imprisonment ranging between 20 years to life, with a fine.
POCSO AMENDMETNT BILL

  • Two more grounds were added to the definition of 'aggravated penetrative sexual assault', which according to the bill are : 
    • Assault resulting in death of child, and 
    • Assault committed during a natural calamity, or in any similar situations of violence. 
  • The bill also increases minimum punishment from ten years to 20 years, and the maximum punishment to death penalty.
  • The bill further added  two more offences to the definition of 'aggravated sexual assault'. These include — 
    • Assault committed during a natural calamity, and 
    • Administrating or help in administering any hormone or any chemical substance, to a child for the purpose of attaining early sexual maturity.
  • Child pornography has been defined by the Bill as any visual depiction of sexually explicit conduct involving a child including photograph, video, digital or computer generated image indistinguishable from an actual child and enhances the punishment for certain offences.

UNLAWFUL ACTIVITIES PREVENTION (AMENDMENT) BILL PASSED BY LOK SABHA


Key Highlights of the Bill :
  • The bill empowers the government to label individuals as terrorist.
  • It gives National Investigating Agency the authority to grant approval for the seizure or attachment of property during the investigation.
  • The law gives National Investigation Agency (NIA) an authority to go to any State within the country without prior permissions from state police concerned for investigating the anti-terror activities.
  • Under the Act, an officer in-charge of investigating the case, is required to obtain the prior approval of the Director General of Police to seize properties that may be connected with terrorism. But, the Bill adds that 'if the investigation is conducted by an officer of the National Investigation Agency (NIA), the approval of the Director General of NIA would be required for seizure of such property'.
  • Under the Act, investigation of cases may be conducted by officers of the rank of Deputy Superintendent or Assistant Commissioner of Police or above. But, the Bill additionally empowers the officers of the NIA, of the rank of Inspector or above, to investigate cases.




INDIA CHINA TO OVERTAKE U.S. IN TECH INNOVATION BY 2035


The Survey has been performed by the Bloomberg and the Survey has been titled as "Bloomberg New Economy Survey". 

The Survey gathers information from 2000 business professionals in 20 markets including India.

Overall,  data shows that business professionals in emerging countries are more optimistic than those in developed markets about change. Hence, India and China are the two major emerging economies that will overtake United States in terms of Tech Innovation by the end of 2035.


SIX FIRMS HONORED WITH CSR JOURNAL EXCELLENCE AWARD



This was the 3rd Edition of the Awards and was instituted by Corporate Social Responsibility (CSR) Journal, a digital and print media publication.

The award has been distributed in 6 categories :
  1. Education
  2. Skill Training 
  3. Women Empowerment and Child Welfare
  4. Agriculture and Rural Development
  5. Sports
  6. Health and Sanitation
Awardees : TATA Powers, ReNew Power,  Hindustan Zinc, Aditya Birla Capital Ltd. YES Bank Ltd. and Mahinra & Mahindra.



THE ANDHRA PRADESH (EMPLOYMENT OF LOCAL CANDIDATES IN INDUSTRIES AND FACTORIES) BILL



The Bill is a significant legislation that provides 75% reservation to local youth in industries and factories and train eligible candidates for bridging the skill gap.

Industries, Factories and Public Private Partnership (PPP) Projects could seek exemption from the proposed legislation if local candidates were not available, and the government would take up appropriate decisions within 2 weeks.


PRADHAN MANTRI LAGHU VYAPANI MAAN-DHAN YOJANA 2019



This is the Scheme which is to be launched in coming days and discussion is going on. This Scheme would benefit those who are self-employed and working as shop-owners, traders, rice-mill owners, oil-mill owners, commission agents, real estate brokers, small hotel owners and other small traders.

Under this scheme, a minimum pension of Rs. 3,000 per month will be given to the eligible traders after an age of 60 years

The Scheme will benefit to those small shop-owners who have an annual GST Turnover of Rs. 1.5 crore or less and have an age of 18-40 years.

The beneficiary only need an Aadhar Card and a bank account to avail the benefits of the Scheme. The small businessman can register themselves at Common Service Centers spread across the country.

There will be an equal participation from the Central Government. For example, if a trader deposits Rs 100/month at the age of 29 years, then the Central Government will also deposit an amount of Rs. 100/month in his pension account.

All those traders who are presently above the age of 60 years will also be benefited from the scheme and will get a monthly pension of Rs. 3000.




U.S. TO EFFECT STEEP HIKE IN EB-5 VISA PROGRAM


What is an EB-5 visa?

It is a United States Employment-Based fifth category visa program which  provides a method for "eligible Immigrant Investors to become lawful permanent residents — informally known as "green card" holders — by investing at least $500,000 or $900,000 after November 21, 2019 to finance a business in the United States that will employ at least 10 American workers.

EB-5 visa


Most immigrant investors who use the EB-5 program invest in a Targeted Employment Area (TEA) a rural area or area with high unemployment — which lowers the investment threshold to $500,000 or $900,000 after November 21, 2019.

The EB-5 program is intended to encourage both "foreign investments and economic growth". The EB-5 Immigrant Investor Visa Program is one of five employment-based (EB) preference programs in the United States.

What are the New Changes?

The minimum amount to be invested in the Targeted Employment Areas (TEA) in U.S. will now go up to $9,00,000 (Rs. 6.2 crore)  which is an 80% hike from the existing $5,00,000 ( Rs. 3.5 crore).

Also, the fees for standard investment (in urban areas) will go up to $1,800,000 (over Rs. 12 crore) from $1,000,000 (Rs. 6.8 crore).



DRAGON BLOOD-OOZING TREE - THE FIRST IN INDIA'S BOTANICAL WEALTH



It is a plant that yields dragon’s blood — which is a bright red resin used  as medicine, body oil, varnish, incense and dye since ancient times. The plant has been discovered in ASSAM.

The plant is scientifically known as Dracaena cambodiana, a dragon tree species found in the Dongka Sarpo area of West Karbi Anglong. This is for the first time that a dragon tree species has been reported from India.

DRAGON BLOOD-OOZING TREE


Dracaena cambodiana is an important medicinal plant as well as an ornamental tree. it is a major source of dragon’s blood, which is a precious traditional medicine in China. 

Several antifungal and antibacterial compounds, antioxidants, flavonoids, etc., have been extracted from various parts of the plant.

The population size of the dragon tree species in Assam was estimated to be less than 50 mature individuals.

The Dracaena seeds, under normal conditions, are dispersed by birds. But due to the large fruit size, only a few species of birds are able to swallow the fruits, thus limiting the scope of its natural conservation.



QUICK FEEDS


  • AJAY BHALLA would be the new Home Secretary.
  • BISWA BHUSHAN HARICHANDAN sworn in as the new Andhra Pradesh Governor.
  • PARASSALA B. PANNAMMEL and T.V. GOPALAKRISHNAN are the two musicians which are honored with NISHAGANDHI AWARD instituted by the Kerala Tourism which carries Rs. 1.5 lakh in cash, citation and mementos.
  • SRI LANKA became the 4th country in Asian region- after Bhutan, The Maldives and the TImor-Laste- to eliminate measles.
  • GAZETA POLSKA is the new Polish Magazine that isses anti-LGBT stickers. 
  • Milky Way's violent birth has been decoded by the scientists.
    • The Galaxy merged with another smaller galaxy in a colossal cosmic collision roughly 10 billion years ago.
Milky Way

    • The union of the Milky Way and the so-called dwarf galaxy Gaia-Enceladus increased our galaxy’s mass by about a quarter and triggered a period of accelerated star formation lasting about 2 to 4 billion years.

10 comments:

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    Replies
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    Replies
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