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Current affairs- July 21, 2016

Tea Board of India Accident Scheme:
The Tea Board of India has introduced an accident insurance scheme for workers in small tea gardens at an annual premium of Rs.14. Of this, tea farmers will have to pay only Rs. 3.50 annually.
  • The scheme provides compensation to small tea farmers between 18 and 70 years for a Rs.2 lakh-cover.

Benami Transactions (Prohibition) amendment Bill: 
The Union Cabinet has given its approval for introducing amendments to the Benami Transactions (Prohibition) (Amendment) Bill, 2015 in Parliament. The amendments aim to strengthen the Bill in terms of legal and administrative procedure so as to overcome the practical difficulties which may arise in the implementation of the provisions of the Bill when it becomes an Act.
  • The Benami Transactions (Prohibition) Amendment Bill is aimed at curbing domestic black money.
  • The bill provides for a fine of up to 25% of the fair value of the asset and imprisonment of up to seven years, unlike an earlier lapsed version of the bill, which stipulated either a fine or imprisonment.
  • Under the bill, the term “property” will cover movable, immovable, tangible and intangible properties. In case of joint ownership of property, the tax payer will have to show financing sources.

Transgender Persons (Protection of Rights) Bill 2016: 
The cabinet has approved the Transgender Persons (Protection of Rights) Bill 2016 for social, economic and educational empowerment of transgenders.
  • The bill will benefit a large number of transgender persons, mitigate the stigma, discrimination and abuse against this marginalized section and bring them into the mainstream of society.
  • It will lead to greater inclusiveness and will make the transgender persons productive members of the society.

Sagarmala Development Company (SDC): 
The cabinet has approved incorporation of the Sagarmala Development Company (SDC) with a share capital of Rs.1,000 crore.
  • SDC will be under the administrative control of the Ministry of Shipping.
  • SDC will be incorporated under the Companies Act, 2013, with an initial Authorized Share Capital of Rs. 1,000 Crore and a Subscribed Share Capital of Rs. 90 Crore.
  • SDC will Identify port-led development projects and assist the project SPVs in project development and structuring activities, bidding out projects for private sector participation, putting in place suitable risk management measures for strategic projects cutting across multiple States / Regions and obtaining requisite approvals and clearances.

Ministry of Electronics and Information Technology role:
A mega role for the Ministry of Electronics and Information Technology has been carved out with say over all policy matters relating to information technology, electronics and the Internet, other than licensing of Internet Service Providers.
  • Under the new rules, the Ministry of Electronics and Information Technology will have complete jurisdiction over the Unique Identification Authority of India (UIDAI) and National Informatics Centre.

 Air Services Agreement between India and Mozambique:
The Union Cabinet has approved signing of the Air Services Agreement between India and Mozambique. Presently there is no Air Services Agreement between India and Mozambique. To promote the air connectivity between the two countries, the two sides initiated the process of consultation in 2011 to finalize the text of Air Services Agreement.

 AIIMS at Gorakhpur:
The Union Cabinet has given its approval for establishment of new All India Institutes of Medical Sciences (AIIMS) at Gorakhpur in Uttar Pradesh under Pradhan Mantri Swasthya Suraksha Yojana (PMSSY)
  • Under this scheme, AIIMS have been established in Bhubaneshwar, Bhopal, Raipur, Jodhpur, Rishikesh and Patna while work of AIIMS Rae Bareli is in progress. Also, three AIIMS in Nagpur (Maharashtra), Kalyani(West) and Mangalagiri in Guntur (A.P) have been sanctioned in 2015.

Murrel is the Telangana State Fish:
The Telangana government has declared ‘murrel’ as the State fish. ‘Murrel’ (channa striatus) is the seventh State icon identified by the government for different species.
The earlier icons were: State bird – Pala Pitta (Indian Roller or Blue Jay); flower – Tangedu (Tanner’s Cassia); fruit – Mango; tree – Jammi chettu (Prosopis Cineraria); sport – Kabaddi and animal – Jinka (deer).

MoU Between SBI and Brookfield Asset Management
State Bank of India, the country’s largest lender, has signed a Memorandum of Understanding (MoU) with Brookfield Asset Management to form a joint venture that will invest in stressed assets.
  • Brookfield will commit about Rs.7,000 crore and State Bank of India up to 5 per cent of the total investments into stressed assets, according to a statement from the lender.

Person in News:
1. Mohammad Shahid:
  • He is a Famous Hockey player in India passed away.
  • He got Padma Shri award 
2. Rohit Kandewala:
  • He has become the first Indian to win the Mr. World Title-2016.
  • Competition held at South port, UK
  • Cash Prize: $ 50,000.
3.  Garry Marshall:
  •  Hollywood director, Producer and Comedy giant.
  • Passed away at the age of 81.
  • belongs to Newyork.
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