Current Affairs 22nd August 2019
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- Rajya Sabha passes Consumer Protection Bill
–The Rajya Sabha has passed the Consumer Protection Bill, 2019.The bill will lead to setting up of a Central Consumer Protection Authority to promote, protect and enforce the rights of consumers as a class.
- Government unveils draft e-commerce norms
–To protect consumers’ interest, the Centre has proposed guidelines for e-commerce firms that entail a 14-day deadline to effect refund request, mandate e-tailers to display details of sellers supplying goods and services on their websites and moot the procedure to resolve consumer complaints.
- India contributes USD 5 million to UN Palestine refugee agency
-India contributed 5 million USD to the UN Palestine refugee agencyand called for ensuring sustained financial support for the organisation’s work. The amount was hand over to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees.
- Bangladesh signs uranium supply deal with Russia
-Bangladesh signed a deal with Russia for the supply of uranium for its 2400 MW Rooppur Nuclear Power Plant (RNPP).
- RBI reduces repo rate by 35 basis points in its 3rd Bi-monthly policy
–In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy repo rate by 35 basis points (bps). The MPC has also decided to maintain the accommodative stance of monetary policy.
- RBI to set up “Central Payment Fraud Registry”
–The Reserve Bank of India has decided to set up a “Central Payment Fraud Registry”. The registry will track frauds in the payment systems.
- SEBI approves SGX and NSE to operate jointly in GIFT City
-Securities and Exchange Board of India has approved Singapore Stock Exchange and National Stock Exchange of India Ltd to operate jointly in Gujarat International Finance Tec-City, Gandhinagar.
- 5th edition of ‘IASMC’ kicks off in Jaisalmer
–The 5th edition of International Army Scout Masters Competition with teams from 8 countries including India, China and Russia as participants was inaugurated at the Jaisalmer Military Station under the aegis of the Southern Command.