President approved ordinance on demonetisation
President Pranab Mukherjee on Dec 30 approved the promulgation of an ordinance that will help extinguish the Reserve Bank of India (RBI) and the government’s liability towards the old Rs. 500 and Rs. 1,000 notes after March 31, 2017.
- Ordinance provides for a minimum fine of Rs. 10,000 or five times the face value of such notes found in possession of anyone after that date.
- From December 31 to March 31, those still in possession of currency notes whose legal tender nature has been cancelled can exchange these notes at the specified offices of the central bank.
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Govt meets PMUY target of 1.5 crore LPG connection additions this financial year
- The top five states with the highest number of connections are Uttar Pradesh (46 lakh), West Bengal (19 lakh), Bihar (19 lakh), Madhya Pradesh (17 lakh) and Rajasthan (14 lakh).
- The households belonging to SC/ST constitute large chunk of beneficiaries with 35% of the connections being released to them.
Financial data management body mooted
Cabinet approves International Solar Alliance (ISA)
- ISA was launched jointly by the Prime Minister of India and the President of France on 30th November, 2015 at Paris on the side-lines of the 21st CoP meeting of the United Nations Framework Convention on Climate Change.
- The ISA aims to bring together more than 121 solar resource rich nations for coordinated research, low cost financing and rapid deployment.
- The foundation stone of the ISA Headquarters was laid at Gwal Pahari, Guragaon in Haryana.
Cabinet approves Road Connectivity Project for Left Wing Extremism Affected Areas
Foundation stone of Char Dham Highway Project laid by PM
- The Char Dham highway project involves building tunnels, viaducts, bridges and bypasses in the entire state, along with way-side amenities that will include helipad for emergency evacuation and parking facilities, among others.
The panel, headed by former finance secretary Ratan Watal, was constituted in August to suggest ways to encourage India’s movement towards a cashless economy.
Some recommendations are:
- The Sagarmala Development Company (SDC) has been incorporated under the Companies Act, 2013.
- The company has an initial Authorized Share Capital of Rs. 1,000 Crore and a subscribed share capital of Rs. 90 Crore.
- The main objective of the company is to identify port-led development projects under the Sagarmala Programme and provide equity support for the project Special Purpose Vehicles (SPVs) set up by the Ports / State / Central Ministries and funding window and /or implement only those residual projects which cannot be funded by any other means / mode.
Centre releases special stamp on freedom fighter “Shri Gaya Prasad Katiyar”
Agni 5, India’s Longest Range Nuclear Capable Missile, Successfully Test Fired
- The intercontinental surface-to-surface nuclear capable ballistic missile, the latest in India’s “Agni” family of medium to intercontinental range missiles, has been through four trials now.
- Agni-5 has a range of over 5,000 km and can carry about a 1,000-kg warhead. It can target almost all of Asia including Pakistan and China and Europe.
Lucky Grahak Yojana, Digi Dhan Vyapar Yojana launched
Government of India has launched Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants to promote digital transaction.