Current Affairs – 02-01-2018

1. INDIA, PAKISTAN EXCHANGE LIST OF NUCLEAR INSTALLATIONS

India and Pakistan exchanged, through diplomatic channels simultaneously at New Delhi and Islamabad, the list of nuclear installations and facilities under a three-decade old bilateral pact.

  • Two sides exchanged the list under the Agreement on the Prohibition of Attack against Nuclear Installations between India and Pakistan.
  • The agreement, which was signed on December 31, 1988, and entered into force on January 27, 1991, provides that the two countries inform each other of nuclear installations and facilities to be covered under the pact on the first of January of every calendar year.
  • This is the twenty seventh consecutive exchange of such a list between the two countries, the first one having taken place on January 1, 1992.

2. NO CHARGES ON DEBIT CARD TRANSACTIONS UP TO RS 2,000

Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs 2,000 .

Last month, Union Cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs 2,000 made through debit cards, BHIM UPI or Aadhaar-enabled payment systems to promote digital transactions. The merchant discount rate (MDR) will be borne by the government for two years with effect from January 1, 2018 by reimbursing the same to banks. Ensure easy third party motor insurance cover: IRDAI to non-life insurers

3. OIL, GAS DISCOVERY IN ARABIAN SEA

  • ONGC has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea.
  • The new find, which comes almost 50 years after ONGC began production in Mumbai High, will help the company maintain production levels from the basin for a longer time than currently estimated.
  • Mumbai High is ONGC’s flagship oil producing assets. It along with other small fields along the western offshore produce 16 million tonnes per annum of oil, which is 44% of India’s total crude oil production of 36 million tonnes.
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