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Saturday, November 9, 2019

Prelims booster(Micro notes), current affairs with static portions -7 November,2019

Office of Profit
  • If an MLA or an MP holds a government office and receives benefits from it, then that office is termed as an “office of profit”.
  • A person will be disqualified if he holds an office of profit under the central or state government
Core Investment Companies (CICs)
  • CICs are non-banking financial companies with asset size of ₹100 crore and above which carry on the business of acquisition of shares and securities, subject to certain conditions.
  • allowed to accept public funds, hold not less than 90% of their net assets in the form of investment in equity shares, preference shares, bonds, debentures, debt or loans in group companies.
  • The Reserve Bank has constituted a working group that will review the regulatory and supervisory framework for core investment companies
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation(BIMSTEC)
  • The grouping was formed in 1997.
  • Headquarters location: Dhaka, Bangladesh
  • It integrates the region and promote strategic alignment among the member-states.
  • BIMSTEC has 7 members(Bhutan,India,Bangladesh, Myanmar,Sri Lanka,Thailand and Nepal.
Shaala Darpan portal
  • Human Resource Development ministry has launched Shaala Darpan portal.
  • It is an end to end E-Governance school automation and management system for Navodaya Vidyalaya Samiti (NVS) in New Delhi.
  • It is a database management portal, where information about all government schools and education offices is kept online and updated as a continuous process.
South Asia Co-operative Environment Programme (SACEP) 
  • The 15th meeting of the Governing Council of South Asia Co-operative Environment Programme (SACEP) is going to be organised in Dhaka, Bangladesh.
  • SACEP is an inter-governmental organization, established in 1982 by the governments of South Asia.
  •  Member countries include Afghanistan , Bangladesh , Bhutan , India , Maldives , Nepal , Pakistan and Sri Lanka.
  • The objective is to promote and support protection, management and enhancement of the environment in the region.
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