2021 census data to be stored electronically

The data collected in the 2021 Census will be stored electronically, the first time since the first decennial exercise in 1951 after independence. The schedules and other connected papers shall be disposed of totally or in part by the Director of Census Operations, after creating an electronic record of such documents. The spokesperson said enumerators would start “house listing” in 2020.

Panel ‘must’ for reviewing ratings

Credit rating agencies (CRAs) will have to form a review committee of mostly independent members to decide on any request for a rating review. CRAs will have to disclose on their website all ratings that are not accepted by an issuer for at least 12 months. SEBI has proposed these measures as part of its attempts to strengthen the governance, accountability and functioning of CRAs.

Coal linkage rationalisation for IPPs

The government has issued the guidelines to allow power producers to swap coal supply assurances against lowering tariffs. The one-time process will be available only to Independent Power Producers (IPPs) having coal linkages through the allotment route. Coal India, South Eastern Coalfields, and the Central Electricity Authority will jointly undertake this exercise.

ICICI Bank named Nair as Independent Director

Former IRDAI member Radhakrishnan Nair has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years and is subject to shareholders’ approval. He is already an independent director of 3 subsidiaries of ICICI Bank — ICICI Prudential Life Insurance Company, ICICI Prudential Trust and ICICI Securities Primary Dealership.

RBI Tightens Monitoring of Liberalised Remittance Scheme

The Reserve Bank of India tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroad in a year. The LRS transactions are currently permitted by banks based on the declaration made by the remitter. The monitoring of adherence to the limit is confined to obtaining such a declaration without independent verification, in the absence of a reliable source of information. The Liberalised Remittance Scheme (LRS) was introduced on February 4, 2004, with a limit of USD 25,000.

Neiphiu Rio to be new Nagaland CM

Senior NDPP leader Neiphiu Rio was appointed the new chief minister of Nagaland by Governor P B Acharya. The governor said he had received letters of support in Rio‘s favour from 12 legislators of the BJP, one letter from the JD(U) and another from an Independent MLA, besides the 18 legislatures of the NDPP. The new ministry will be sworn in on March 8.

Chhattisgarh village gets electricity

A tribal village in Chhattisgarh’s Balrampur district got electricity connection for the first time.The Jokapatha village, situated in the mountainous region, had been deprived of power supply since independence. The state government led by Chief Minister Raman Singh has provided electricity connections to the several villages after 70 years of independence.

Procurement portal for MSMEs

10 : A public procurement portal, ‘MSME Sambandh’, was launched by Medium, Small and Micro Enterprises Minister (Independent charge) Giriraj Singh.The objective of the portal is to monitor the implementation of the public procurement from MSEs by Central public sector enterprises.Using this Portal MSME would be able to access the information about the products being procured by CPSEs.

Centre enhances monetary allowances

The Government has enhanced the monetary allowances for the Gallantry Award winners.The enhancement is for the recipients of post-independence Gallantry Award, pre-independence Gallantry Award and the monetary allowance attached to ‘Jangi Inam’, a pre-independence Gallantry Award.The allowances have been doubled in most of the cases and in a few cases have been increased by more than 100%.

IOC bans Russia from Winter Games

Russia has been banned from competing at next year’s Winter Olympics in Pyeongchang by the International Olympic Committee.However, the Russian athletes would be able to take part in the Games, as independent competitors under the Olympic flag.The punishment is the culmination of a 3 year investigation into state-sponsored doping leading up to and during the 2014 Winter Olympics in Sochi.