CPI Index: The report of the corruption perception Index 2019 has been published by the Transparency International. The Corruption Perceptions Index ranks 180 countries and territories by their perceived levels of public sector corruption, according to experts and business people. This year’s analysis shows corruption is more pervasive in countries where big money can flow freely into electoral campaigns and where governments listen only to the voices of wealthy or well-connected individuals. Position of India is 41 out of 100 in rank.
The top countries are New Zealand and Denmark, with scores of 87 each, followed by Finland (86), Singapore (85), Sweden (85) and Switzerland (85).
The bottom countries are Somalia, South Sudan and Syria with scores of 9, 12 and 13, respectively. These countries are closely followed by Yemen (15), Venezuela (16), Sudan (16), Equatorial Guinea (16) and Afghanistan (16).
PADMA AWARD: Names of people to be awarded India’s second-highest civilian honour, the Padma awards were announced on the eve of the 71st Republic Day on Saturday evening. This year the President has approved conferment of 141 Padma Awards including 4 duo cases (in a duo case, the award is counted as one). The list comprises 7 Padma Vibhushan, 16 Padma Bhushan and 118 Padma Shri Awards. 34 of the awardees are women and the list also includes 18 persons from the category of Foreigners/Non-Resident Indians/Persons of Indian Origin/Overseas Citizens of India and 12 Posthumous awardees.
MILITARY HONOUR: Six soldiers have been awarded the Shaurya Chakra, including one posthumously, for displaying gallantry during anti-militancy and anti-insurgency operations, the Army said on Saturday. Lt Col Jyoti Lama, Maj Konjengbham Bijendra Singh, Naib Subedhar Narender Singh and Naik Naresh Kumar were among the recipients of the award. Naib Subedar Sombir was posthumously awarded the Shaurya Chakra.
President’s speech:President Ram Nath Kovind In his customary address to the nation on the eve of 71st Republic Day, advised people particularly the youth, to remain non-violent when fighting for a cause and stressed on the need to “hold fast to constitutional methods” of achieving social and economic objectives. His remarks come in the backdrop of protests against the new citizenship law although he made no reference to them.
Coronavirus: As the effect of coronavirus turned deadly, India has requested China to permit over 250 Indian students stuck in Wuhan, the epicentre of the new SARS-like virus, to leave the city. Authorities have prevented anyone from leaving Wuhan where the viral outbreak has so far infected nearly 1,300 people and killed 41 others. While the majority of the Indian students left for home on Chinese New Year holidays, over 250 to 300 students are said to be still in the city and its surrounding areas. Besides the students, the fast-spreading virus has become a major worry for their parents back home.
India & Brazil: India and Brazil on January 25 inked 15 agreements to start cooperation in a wide range of areas and announced an action plan to further broad base strategic ties after talks between Prime Minister Narendra Modi and Brazilian President Jair Messias Bolsonaro. In the action plan, the two countries have set specific goals for deeper cooperation in areas of defence and security, trade and commerce, agriculture, civil aviation, energy, environment, health and innovation and vowed to work together to conclude an agreement to deal with international terrorism.
ICICI Bank: ICICI Bank on January 25 reported an over two-fold rise in its consolidated net profit at Rs 4,670 crore for the December quarter. It had posted a consolidated net profit of Rs 1,874.33 crore in the corresponding three months of the previous fiscal. On a standalone basis, its net profit jumped to Rs 4,146 crore during the December 2019 quarter from Rs 1,605 crore in the year-ago period.
Fiscal deficit: The country’s fiscal deficit for 2019-20 is expected to widen to 3.8 percent and the upcoming Budget may set a target of 3.5 percent for 2020-21, a report said on January 24. The first full-year Budget of the current government which will be presented on February 1, will focus on reviving consumption demand through base-level income tax cuts, interest subvention for small and medium businesses and housing.
Budget 2021: The government is going to set Rs one trillion target from disinvestment in the Budget for 2020-21 “The government is likely to bring down their stake in certain public sector undertakings (PSUs) to below 51 percent. In the absence of the BPCL disinvestment not going through in FY20, it would be the major sale in FY21 along with Air India. Additionally, they may announce policies/measures for the monetization of assets of public sector entities. Such a measure would mean creating a framework for asset monetization which involves the structures to be followed like auctioning or any other kind of bidding process”, a report on Budget expectations by CARE Ratings said.
Saturday, Jan 25, 2020
New Delhi 17 °C