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Current Affairs of 19 July 2018

Keshav Kishore, Published On:19-Jul-2018


 1.   One Liner Current Affairs

·      According to “Asian Development Outlook” by Asian Development Bank (ADB), India is the fastest growing economy in India.

·      Turkey has lifted state of emergency after two years.

·      Punjab National Bank (PNB), Indian Overseas Bank, Corporation Bank , Andhra Bank and Allahabad Bank will be infused by a corpus of Rs. 11,336 crore.

·      Tenth edition of Delhi Dialogue with a theme “Strengthening India- ASEAN Maritime Cooperation” has been started in New Delhi.

·      RBI will launch new Rs. 100 notes with a base colour of violet.

·      Union Cabinet approved BRICS Regional Aviation Partnership Cooperation to establishing of an institutional framework to cooperate in the field of civil aviation.

·      Cabinet has approved Fair and Remunerative Price (FRP) which is the minimum price that the sugar mills have to pay to farmers.

·      Transport Ministry has proposed to made mandatory vehicle tracking system and FASTags for electronic toll collection for all commercial Motor Vehicles.

·      Telecom Commission has approved TRAI’s recommendations on net neutrality.


2.   Fugitive Economic Offender

·      If for an offender warrant for arrest has been issued by a court in India who has left India to avoid criminal prosecution and who refuses to come India will be considered as Fugitive Economic Offender.

·      The acts will be used for such case- Negotiable Instrument Act, 1881; Reserve Bank of India Act 1934; Central Excise Act, 1944; Customs Act, 1962; Prohibition of Benami Property Transaction Act, 1988;  the Prevention of Money Laundering Act, 2002 and Indian penal Code.

·      The act will entitle Central Government after the verdict by a special court to confiscate the proceeds of crime of in India and abroad, whether or not such property is owned by fugitive offender. 


Source: The Hindu, The Indian Express, PIB

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