GS Paper I- Indian Heritage and Culture.

Tahir Mahmood Bags N R Madhava Menon Best Law Teacher Award.

Background-

  • Eminent jurist Tahir Mahmood received the prestigious Prof N R Madhava Menon Best Law Teacher Award as part of the Law Teachers’ Day celebrations organised on 9th September, 2017.
  • Among the institutions, Mar Gregorios College of Law in Thiruvananthapuram bagged this year’s SILF-MILAT Institutional Excellence Award.

Highlights Of The Development–

  • The function, organised by the Society of Indian Law Firms (SILF) and Menon Institute of Legal Advocacy Training (MILAT), also bestowed the SILF-MILAT South Asian Jurist Award to former Chief Justice of Sri Lanka, Justice Mohan Peiris, and Prof Tara Prasad Sapkota, the dean of faculty of Law at Tribhuvan University of Nepal.
  • SILF and MILAT have been have been observing Law Teachers’ Day in September since 2009 to honour law teachers and law schools in India.
  • Among other awardees, Prof V C Vivekanandan received the SILF-MILAT Legal Education Innovation Award and Justice A B Rohatgi Jurist Award was given to former Secretary General of the 15th Lok Sabha, T K Viswanathan.
  • Prof N R Madhava Menon, who along with Bar Association of India and SILF President Lalit Bhasin, gave away the awards to the recipients.

Sources- Business-Standard.

 

GS Paper II- International Relations.

India, Belarus Sign 10 Pacts To Expand Cooperation.

Background

  • India and Belarus on Tuesday inked 10 pacts to expand cooperation in a range of areas and decided to explore joint development and manufacture of military platforms, giving a fresh momentum in bilateral ties.
  • Prime Minister Narendra Modi and Belarus President A.G. Lukashenko, during their extensive talks, also agreed to focus on ramping up economic engagement between the two countries, holding that there was a huge scope for boosting trade and investment.

Highlights Of The Development-

  • Mr. Modi said in a media statement that they will encourage joint development and manufacturing in defence sector under the ‘Make in India’ programme.
  • The Prime Minister said, he and Mr. Lukashenko had reviewed the “architecture” of India-Belarus partnership and exchanged ideas to expand it.
  • The pacts inked provided for enhancing bilateral cooperation in a variety of areas, including oil and gas, education and sports.

Sources- The Hindu.

 

GS Paper III- Economic Development, Technology.

Paytm Payments Bank Partners With NPCI For RuPay-Powered Digital Debit Card.

 

Background

  • Paytm Payments Bank (PPB) has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay-powered digital debit card.
  • With the PPB Digital debit card, customers will now be able to transact at all merchants who accept credit and debit cards. The RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB.
  • Existing Paytm users need to complete a KYC process to become an account holder with PPB. Following this, they will be issued a free digital RuPay card.

Highlights Of The Development-

  • This debit card will come with a free insurance cover of up to Rs. 2 lakh in the case of death or permanent total disability.
  • Major online platforms like Ola, Flipkart and Amazon do not allow users to pay for transactions using Paytm wallets currently. With these digital debit cards, they will now be able to make transactions on these platforms as well.
  • PPB is also looking to partner with other full-service banks to offer additional services to its customers and rolling out a full bouquet of services, including term deposits, retail and SME loans.
  • As a payments bank, PPB can take a demand deposit of up to Rs. 1 lakh per customer, but it cannot undertake lending activities.
  • PPB launched its services in May this year (2017). Paytm founder Vijay Shekhar Sharma owns 51 percent stake in PPB while One97 Communications – which runs Paytm – owns the remaining 49 percent.

Sources- Gadgets360.