Current Affairs: Daily GK Update 24th June 2017

i. Prime Minister Narendra Modi today embarked on a three-nation visit. In the first leg of his tour, he will reach Portuguese capital, Lisbon. After Portugal, the Prime Minister will depart for the US capital, Washington DC.

ii. During his two-day US visit, the Prime Minister will meet its President, Donald Trump. This will be the first meeting between the two leaders. In the last leg of his tour, Mr. Modi will visit The Netherlands for bilateral talks with his counterpart, Mr. Mark Rutte.

Static Takeaways-

i. The central bank has extended the scope of Banking Ombudsman Scheme. As per RBI, under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/ electronic banking services in India.

ii. As per the amendment, the pecuniary jurisdiction of the Banking Ombudsman to pass an award has been doubled to 20 lakh rupees. 

Banking Takeaways-

i. Employees Provident Fund Organisation (EPFO) has signed an MoU with the Housing and Urban Development Corporation (HUDCO) to enable members of its housing scheme to avail subsidy and interest subvention under the Pradhan Mantri Awas Yojana (PMAY).

ii. Under the housing scheme, the EPFO allows its subscribers for withdrawing up to 90 per cent of their EPF accumulations to buy homes. The MoU was signed in New Delhi.
iii. Now, EPFO members can avail interest subsidy upto two lakh twenty thousand rupees in Credit Linked Subsidy Scheme through HUDCO and National Housing Bank for those members whose annual income is less that the amount specified in Pradhan Mantri Awas Yojna.

Important Takeaways-

i. The West Bengal Government’s Kanyashree Prakalpa was awarded the first prize in United Nations Public Service Award for Asia Pacific. Out of 552 initiatives from 62 different countries, West Bengal Government’s initiative was chosen the best.

ii. The award was presented at The Hague, Netherlands. Kanyashree Prakalpa is a targeted conditional cash transfer scheme aimed at retaining girls in schools and other educational and skill development institutions and preventing child marriage.

Static Takeaways-

i. India and Russia have agreed to a roadmap for the development of bilateral defense cooperation. The roadmap includes specific activities to be concluded by both sides, and aims to enhance cooperation in the field of political and military dialogue, exercises, exchange of visits, military cooperation and training of military personnel.

ii. The agreement was reached at the 17th meeting of the India-Russia Inter-Governmental Commission on Military-Technical Cooperation held in Moscow. The meeting took place was held under the Co-Chairmanship of the Defence Minister Arun Jaitley and the Defence Minister of Russia Sergei Shoigu.

Important Takeaways-

i. In order to ensure smooth GST implementation from 1st July, the Ministry of Electronics and Information Technology has launched a dedicated Webpage for facilitating taxpayers with regard to addressing issues related to Information Technology Services and Electronics goods.

ii. The webpage can be accessed through Ministry’s Web Portal www.meity.gov.in. Individuals, Companies, and Entrepreneurs in IT and Electronics sector can visit the webpage for sector-specific information. It also enables filing of grievances in relation to the implementation of GST.

Important Takeaway from Above News-

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