Daily Current Affairs - 26th Nov 2019

3.7 pc of over 1.06 lakh food samples analysed in 2018-19 found unsafe: FSSAI

  • Food regulator FSSAI has said that over 1.06 lakh food samples were analysed last fiscal, of which 3.7 per cent were found to be unsafe and 15.8 per cent sub-standard.
  • For this, FSSAI is increasing the capacity of state food laboratories and enabling use of private food labs for testing food samples.
  • The Food Safety and Standards Authority of India (FSSAI) reported 36 per cent rise in civil cases to 2,813 and 86 per cent increase in criminal cases to 18,550.
  • There has been a 67 per cent increase in the number of cases where penalties were imposed to 12,727. A total amount of Rs 32.58 crore has been realised during 2018-19, up 23 per cent from previous year.
  • FSSAI CEO Pawan Agarwal

72,045 PHCs don’t have toilet facilities for staff

  • Seventy two thousand forty five (72,045) Primary Health Centres (PHC), Sub-Centres (SC), and Community Health Centres (CHC) in India are without toilet facilities for their staff, and 1,15,484 are without separate toilets for men and women patients, according to a reply given by the Union Health Ministry in the Lok Sabha.
  • Chhattisgarh, Gujarat, Rajasthan, Tamil Nadu and Maharashthra are among the States leading the list.

Apex court asks Centre to take decision in 10 days on installing smog towers in Delhi-NCR

  • The Supreme Court of India has asked the Centre to take a concrete decision within 10 days on having smog towers in Delhi-NCR to combat pollution which has shortened the life span of millions of citizens. It had issued notice to all states, seeking a report on air quality, drinking water and garbage disposal.
  • The apex court had expressed displeasure at the performance of Punjab, Haryana, Uttar Pradesh and Delhi to combat pollution and sought to know as to why they should not be asked to compensate people affected by bad air quality.

Constitution Day being celebrated on November 26th

  • Constitution Day or Samvidhan divas, is being celebrated on November 26th across the country to mark the adopting of the Indian Constitution by the Constituent Assembly on this day in 1949. It came into force on 26th January 1950, marking the beginning of a new era in the history of Indian Republic.
  • The Union government has planned yearlong activities throughout the country to mark 70 years of the adoption of the Constitution.
  • A joint sitting of both the Houses of Parliament will be held today to celebrate the Samvidhan Divas. President Ram Nath Kovind will address the joint sitting.

CSB Bank IPO subscribed over 4 times on Day 2

  • The initial public offering of Catholic Syrian Bank(CSB) was subscribed 4.35 times on the second day of bidding on Monday. The initial public offering (IPO) of the Kerala-based company received bids for 5 crore shares against the total issue size of 1.15 crore shares.
  • While qualified institutional buyers (QIBs) category was subscribed 26 per cent, non-institutional investors segment was fully subscribed. Retail individual investors category was subscribed 21.53 times.
  • The company, which aims to raise up to Rs 410 crore, has fixed a price of Rs 193-195 per share for the IPO.
  • The IPO comprises a fresh issue of Rs 24 crore and an offer-for-sale of 1,97,78,298 equity shares, including an anchor portion of 94,54,080 equity shares.

Floating school project in Bangladesh wins Aga Khan Architecture Award

  • Floating school project in Bangladesh wins the Aga Khan Architecture Award. The Aga Khan Foundation in its citation lauded the project for its contribution to improve people's lives, social and economic development, access to education in rural communities and global issues like rising water levels.
  • ‘The Arcadia Education Project’ in South Kanarchor of Bangladesh is an innovative concept. It is an amphibious school built with local material and expertise near the capital city Dhaka. The floating school is unique in its design and novel in its concept. The school also serves as a shelter, a day care centre and a vocational training centre for the local people.
  • The architect of the project Saif Ul Haque designed a school which remains on the ground during dry season and floats on water when the area is submerged in water during monsoon.
  • Bangladesh is a land of water. A large part of its landscape remains submerged under water during the monsoon months.

Govt launches Credit-linked Subsidy Services Awas Portal

  • Minister for Housing and Urban Affairs Hardeep Singh Puri launched Credit-linked Subsidy Services Awas Portal, CLAP, in New Delhi. This portal provides a transparent and robust real-time web-based monitoring system for credit-linked Subsidy Services, CLSS, beneficiaries.
  • Using the portal, a beneficiary can track his application status in real-time.

Hong Kong elections: Carrie Lam promises 'open mind' after election rout

  • Hong Kong's leader Carrie Lam has said the government will listen to the public with an open mind, after pro-Beijing candidates were resoundingly defeated in local elections. According to local media counts, the pro-democracy parties took 390 of 452 district council seats (nearly 90 per cent).
  • The election saw an unprecedented voter turnout of more than 71%. The result is being seen as a stinging rebuke of Ms Lam's leadership through many months of protest and clashes.
  • For nearly six months demonstrations and unrest have continued unabated as they were sparked by a now withdrawn extradition bill.

Indian archers bag recurve bronze at Asian Championships

  • Indian archers ensured two medals in the recurve and compound mixed event of the Asian Archery Championships in Kolkata. Atanu Das and Deepika Kumari bagged a bronze medal in the recurve mixed pair event, defeating Yichai Zheng and Shaoxuan Wei of China 6-2.
  • The compound mixed pair team of Abhishek Verma and Jyothi Surekha Vennam defeated Korea 159-154 to set up a gold medal clash with Chinese Taipei, slated for Wednesday.

Microfinance GLP jumps 48% to Rs 2 lakh cr in Sept quarter

  • According to a quarterly report by Microfinance Institutions Network (MFIN), Microfinance industry's gross loan portfolio (GLP) grew by 47.85 per cent to Rs 2.01 lakh crore in the quarter ended September 30, 2019, compared to that of Rs 1.36 lakh crore in the year-ago quarter.
  • In the second quarter ended September 2019, the total number of microfinance loan accounts were at 9.79 crore as compared to 7.43 crore account in the year-ago period
  • In terms of regional distribution of GLP, East and North-East accounts for 40 per cent, South 28 per cent, North 10 per cent, West 14 per cent and Central contributes 7 per cent.
  • Tamil Nadu is the largest state followed by West Bengal and Bihar.
  • Banks hold the largest share of the portfolio in micro-credit with a total loan outstanding of Rs 80,570 crore, which is 40 per cent of the total micro-credit universe.
  • NBFC-MFIs are the second largest provider of micro- credit with a loan amount outstanding of Rs 62,960 crore, accounting for 31 per cent to total industry portfolio.
  • Small Finance Banks (SFBs) have a total loan amount outstanding of Rs 34,829 crore with a total share of 17 per cent, NBFCs 11 per cent with a total loan outstanding of Rs 21,381 and other MFIs account for one per cent share in the microfinance universe.
  • Microfinance Institutions Network(MFIN) is an industry association comprising 56 NBFC- MFIs and 35 associates including banks, SFBs and NBFCs. It is also the self-regulatory organization (SRO) for the regulated NBFC-MFI.

MMTC contracts to import 6,090 tonnes onion from Egypt

  • The Consumer affairs Ministry has stated that MMTC(Metals and Minerals Trading Corporation of India) has placed order for the first consignment of 6,090 tonnes of Onions from Egypt to boost domestic supply and ease prices. It will arrive in Mumbai next week.
  • It further stated that the State Governments may take the stock from the location on their own and also have the option of getting transportation facilitated through NAFED, if required. The supply of imported onions will begin from early next month onwards

Nation remembers 26/11 martyrs on its 11th anniversary

  • The Nation is remembering the martyrs of 26/11 Mumbai terror attacks on its 11th anniversary on November 26th. Various events have been organised in the city today.
  • On November 26, 2008 Mumbai was attacked by 10 terrorists of Pakistan-based Lashkar-e-Taiba. In the mayhem that followed for the next three days 166 people including 18 police officers and two NSG commandos lost their lives.

North Korea conducts artillery drills near disputed sea boundary with South Korea at Kim Jong Un’s order

  • North Korean troops performed artillery drills near the disputed sea boundary with South Korea at the order of leader Kim Jong Un. It was Kim's first known trip to a front-line military unit since he entered nuclear talks with the United States last year.
  • The nuclear negotiations are largely at standstill now as North Korea steps up pressure on USA to lift international sanctions and abandon hostile policies on the North.
  • South Korea's Defense Ministry expressed regret over the latest drills, saying they violated last year's inter-Korean deals aimed at lowering military animosities in border areas.

Sangram Dahiya, Varsha Varman win double trap national titles

  • Haryana's Sangram Dahiya and Varsha Varman of Madhya Pradesh clinched double trap titles, winning gold at the 63rd National Shotgun Shooting Championship in New Delhi.
  • In men's category, Sangram shot 142 out of 150 targets to leave behind former world champion Ankur Mittal.

SC to pronounce order on floor test in Maharashtra assembly today

  • The Supreme Court of India will pass its order this morning on the plea of the Shiv Sena-NCP-Congress combine to hold an immediate floor test in the Maharashtra assembly. Hearing the three parties plea against the Maharashtra Governor's decision of swearing in BJP leader Devendra Fadnavis as Chief Minister and NCP leader Ajit Pawar as his deputy, the court reserved the order for today.
  • During the hearing, the Centre maintained that the BJP had the support of all 54 MLAs of the Nationalist Congress Party (NCP) to form government in the state.

Subhash Chandra resigns as Zee Entertainment Chairman, to remain on board as non-executive director

  • Subhash Chandra has stepped down as the Chairman of Zee Entertainment with immediate effect. He decided to resign to comply with the rule which mandates that Chairman of a company's board cannot be related to its Managing Director and Chief Executive Officer.
  • Punit Goenka, the present MD & CEO of Zee Entertainment Enterprises, is the son of Subhash Chandra.
  • Subhash Chandra and Punit Goenka will remain on Zee Entertainment board as representatives of Essel Group.
  • Last week, Subhash Chandra-led Essel Group, the promoter of Zee Entertainment Enterprises, decided to sell up to 16.5 per cent stake in the company to financial investors

Taxation Laws (Amendment) Bill, 2019 introduced in Lok Sabha

  • Finance Minister Nirmala Sitharaman has introduced the Taxation Laws (Amendment) Bill, 2019 in the Lok Sabha. This Bill provides domestic companies with a new option to pay tax at the rate of 22 per cent, provided they do not claim certain deductions under the IT Act.
  • Currently, domestic companies with an annual turnover of up to 400 crore rupees pay income tax at the rate of 25 per cent. For other domestic companies, the tax rate is 30 per cent.
  • The Bill also provides new domestic manufacturing companies with an option to pay income tax at the rate of 15 percent, provided they do not claim certain deductions.

Will not do anything threatening India’s security: Lankan President

  • Sri Lankan President Gotabaya Rajapaksa has said that his country cannot engage in any activity which threatens the security of India and that they understand the importance of Indian concerns. The President said they will not do anything that will harm India’s security interests.
  • He further requested the Government of India to help it through investments, education and the development of technology.
  • He called upon countries like India, Singapore, Japan and Australia to come and invest and do not allow only China to make investments.