Wednesday, 28 November 2018

QUICK REVISION

QUICK REVISION"
●Minimum Wages Act for domestic workers;-
↪their work hours should be reduced to 8hr/day and they should be given a mandatory weekly off as a basic right under Article 21 etc.
•petition asked the SC to lay down guidelines to protect the workers’ rights
●Article 370↪ is a ‘temporary provision’ which grants special autonomous status to J&K
•Indian citizens from other states cannot purchase land or property in J&K
•Centre has no power to declare financial emergency under Article 360 in the state
●Prevention of Corruption (Amendment) Bill, 2018;-
•Punishment for bribe-taking enhanced [Minimum punishment of 3 yrs(earlier 6months), extendable up to 7 yrs(earlier 3yrs)with fine]
•Gifts received are now considered an act of corruption.
●Regional Comprehensive Economic Partnership (RCEP);-{b/w ASEAN+6}
↪aims to boost goods trade by eliminating most tariff & non-tariff barriers — a move that is expected to provide the region’s consumers greater choice of quality products at affordable rates
•If India is out of the RCEP, it would make its exports price uncompetitive with other RCEP members’ exports
●UN Central Emergency Response Fund;-

↪It is an UN humanitarian fund launched in 2006
◆UN has announced $9.2 million in health & nutritional aid for crisis-stricken Venezuela
•When the oil price dropped drastically in 2014, Venezuela which received 96%of its revenue from the oil exports, suffered a shortage of foreign currency
●NASA’s InSight spacecraft lands on Mars;-
↪It will be the first mission to peer deep beneath the Martian surface, studying the planet’s interior
↪It can give us insight into how the terrestrial planets formed etc.
●PAiSA ↪Is a centralized electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM)
●‘HAUSLA-2018’;-{MoWCD}
↪inter-Child Care Institution festival to provide a national platform for the children from CCIs across India to showcase their talent
●Protocol amending India-China DTAA;-
↪aims to avoid or eliminate double taxation 
•DTAA↪ is referred as Tax Treaty
aims to avoid or eliminate double taxation of the same income in two countries
●Asian Development Bank (ADB);-
↪It assists its members, and partners, by providing loans, technical assistanc

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