Indian Railways on 11 March 2015 inked an MoU with Life Insurance Corporation (LIC) to raise Rs 1.5 lakh crore for financing the development of its various commercially viable infrastructure projects.
The MoU was signed by Financial Commissioner (Railways) Rajalakshmi Ravikumar and LIC Chairman SK Roy in presence of Union Finance Minister Arun Jaitley and the Minister of Railways Suresh Prabhu.
With the Financial Assistance from LIC, the cash-strapped Railways will be able to augment its resources for speedier execution of projects.
Union government has announced that India’s literacy rate has risen to 72.98%. It was informed by Union Minister Human Resource Development (HRD) Smriti Irani while replying to the supplementaries in the Lok Sabha.
Government also informed that under the centrally sponsored scheme- Saakshar Bharat for Adult Education and Skill Development, the promotion of adult literacy with special focus on women, SCs, STs, minorities and other disadvantaged groups was undertaken in rural areas of 410 districts.
The Saakshar Bharat Scheme’s objective is to raise the literacy level to 80 per cent and reduce the gender gap by the end of XII Five Year plan i.e. by the end of 2017.
Delhi High Court in its ruling has held that Attorney General of India comes under the ambit of Right to Information (RTI) Act, 2005.
This ruling reversed the previous decision of the Central Information Commission (CIC) which had held that Attorney General does not come under RTI Act.
The decision was given by Delhi High Court bench headed by Justice Vibhu Bakhru while hearing on two separate pleas filed by RTI activists Subhash Chandra Agarwal and RK Jain. In one plea, the petitioners had challenged the CIC ruling and urged the court to declare AG office answerable to RTI Act.
In 2012, CIC bench had ruled that the Attorney General of India is only a person and cannot be considered an authority under the RTI Act.
Union Government has announced that 5 sick public sector undertakings (PSUs) will be closed.
It was announced by Union Heavy Industries Minister Anant Geete while replying to a question in the Lok Sabha. The 5 sick PSU that will be closed include HMT and its three units, Hindustan Shipyard. Government also announced that while closing these PSUs, their employees will be provided with very good VRS package.
In the reply, the Minister also announced that there are total 65 units in the list of sick PSUs as of March 31, 2014.
Government also has declared Air India and MTNL as sick PSU units as per the criteria after they have incurred losses worth 50 per cent or more of their average net worth during past four years.
Prime Minister Narendra Modi visited Seychelles as part of three-nation tour for cementing strategic partnership with island courtiers of Seychelles, Maldives and Sri Lanka.
Narendra Modi is first Prime Minister to visit Seychelles in 34 years. Previously, late Prime Minister Indira Gandhi had visited the country in 1981.
Lok Sabha has passed The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015. The bill was passed by voice vote along with incorporated 9 new amendments moved by Union government.
The amendment bill replaces the ordinance promulgated in this regard and seeks to amend the RFCTLARR Act, 2013.
Sri Lankan cricketer Kumar Sangakkara became first batsman to score four consecutive one-day international (ODI) centuries in a Cricket World Cup.
He achieved this feat by hitting 4th century by scoring 124 runs in a match against Scotland in the Pool A of ICC Cricket World Cup 2015 in Hobart, New Zealand.
Previously, many batsmen had registered 3 consecutive ODI centuries along with Kumar Sangakkara. They are Ross Taylor (New Zealand), Quinton de Kock (South Africa), Zaheer Abbas (Pakistan), Herschelle Gibbs (South Africa), Saeed Anwar (Pakistan), AB de Villiers (South Africa).
Parliament has passed the Motor Vehicles (Amendment) Bill, 2015. It was first passed in Lok Sabha on 3 March 2015 and later in the Rajya Sabha on 11 March 2015.
The Bill seeks to amend the Motor Vehicles Act, 1988 and replace the ordinance promulgated in this regard. The ordinance was promulgated in January 2015 after the bill was not able to pass in the winter session of Parliament.
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