1)CCEA approves selling 51% stake in HPCL to ONGC:-
The Cabinet Committee on Economic Affairs (CCEA) has approved sale of government’s 51.11% stake along with management control in HPCL (Hindustan Petroleum) to ONGC. HPCL will continue as PSU after the acquisition.
Acquisition of HPCL by ONGC will help the government meet 40% of its disinvestment target of raising Rs 72,500 crore in the current fiscal.
Also it can help in creating an oil giant in the Global Arena for India.
But at the same time it can also have problems like mixing of work culture and the administrative inefficiencies can arise.
2)Government plans ‘I stand by my country’ campaign:-
The government hopes to trigger a citizen movement around the theme ‘I stand by my country’ as part of a twin celebration to commemorate the 75th anniversary of the Quit India movement and the 70th Independence Day.
The Quit India Movement or the India August Movement, was a movement launched at the Bombay session of the All-India Congress Committee or more simply by Gandhi (Mahatma Gandhi) on 8 August 1942, during World War II, demanding an end to British Rule of India.
Some cases of violence were also there in the rural areas.
DO or DIE Slogan given by Mahatma Gandhi.
3)Government plans new agency to keep check on Chartered Accountants :-
The government is reviewing plans to put in place the National Financial Reporting Authority (NFRA) as it seeks to rein in the Institute of Chartered Accounts for India (ICAI) for its perceived failure in enforcing discipline.
The new agency can have up to 15 members, including the chairman – is mandated to advise on issues related to audit and accounting standards and be the regulator for the profession.
The law provides for NFRA to look into matters of professional or other misconduct and also suspend CAs and firms from practising for six months to 10 years.
4)India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world’s largest conference on Cyber Space and related issues.
Some important Points to note:
5)The world’s first full-scale floating wind farm is being built off the coast of Scotland. The wind farm, known as Hywind, is a trial project which will bring power to 20,000 homes.
The Cabinet Committee on Economic Affairs (CCEA) has approved sale of government’s 51.11% stake along with management control in HPCL (Hindustan Petroleum) to ONGC. HPCL will continue as PSU after the acquisition.
Acquisition of HPCL by ONGC will help the government meet 40% of its disinvestment target of raising Rs 72,500 crore in the current fiscal.
Also it can help in creating an oil giant in the Global Arena for India.
But at the same time it can also have problems like mixing of work culture and the administrative inefficiencies can arise.
2)Government plans ‘I stand by my country’ campaign:-
The government hopes to trigger a citizen movement around the theme ‘I stand by my country’ as part of a twin celebration to commemorate the 75th anniversary of the Quit India movement and the 70th Independence Day.
The Quit India Movement or the India August Movement, was a movement launched at the Bombay session of the All-India Congress Committee or more simply by Gandhi (Mahatma Gandhi) on 8 August 1942, during World War II, demanding an end to British Rule of India.
Some cases of violence were also there in the rural areas.
DO or DIE Slogan given by Mahatma Gandhi.
3)Government plans new agency to keep check on Chartered Accountants :-
The government is reviewing plans to put in place the National Financial Reporting Authority (NFRA) as it seeks to rein in the Institute of Chartered Accounts for India (ICAI) for its perceived failure in enforcing discipline.
The new agency can have up to 15 members, including the chairman – is mandated to advise on issues related to audit and accounting standards and be the regulator for the profession.
The law provides for NFRA to look into matters of professional or other misconduct and also suspend CAs and firms from practising for six months to 10 years.
4)India will be hosting the 5th Global Conference on Cyber Space (GCCS) in 2017, one of the world’s largest conference on Cyber Space and related issues.
Some important Points to note:
- The GCCS is taking place outside OECD nations for the first time.
- It is being held in India for the first time.
- The theme for the GCCS 2017 is ‘Cyber4All: An Inclusive, Sustainable, Developmental, Safe and Secure Cyberspace’.
5)The world’s first full-scale floating wind farm is being built off the coast of Scotland. The wind farm, known as Hywind, is a trial project which will bring power to 20,000 homes.
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