Current Affairs of 9 January

Liability in Prepaid Payment Instruments
Prepaid Payment Instruments 
Liability in Prepaid Payment Instruments - Reserve Bank of India has come up with a framework for customer protection by limiting the liability in the case of an unauthorised transaction in any Prepaid Payment Instruments (PPIs). PPI issuers have been asked to compulsorily send the SMS and e-mail alert for any payment transaction. PPI issuer shall have to reverse the transaction and refund the amount involved in the unauthorised electronic payment transaction to the customer’s PPI within 10 days. Customer’s liability in case of unauthorised transaction –
Fraud / Negligence / Deficiency on the Part of the PPI issuer - Liability of Customer is Zero.
Third Party Breach where the deficiency lies neither with the PPI issuer nor with the customer - Liability of Customer is Zero if reported within three days.
Negligence by a customer - The customer will bear the entire loss until he reports the unauthorised transaction to the PPI issuer.

Reservation For Local People
Reservation
Reservation For Local People - Madhya Pradesh Chief Minister Kamal Nath amended the policy for Micro, Small and Medium Enterprises (MSME) to make it compulsory to provide 70 per cent jobs to permanent residents of the state. Accordingly, concessions such as cheap land and other subsidies will be given to MSMEs only if they provide 70 per cent of the total jobs to local persons. The amendment will be applicable to only those MSMEs which start production after December 31, 2018.

Sterlite Copper Smelter Plant
Sterlite Copper Smelter Plant 
Sterlite Copper Smelter Plant - The Supreme Court upheld the National Green Tribunal (NGT) order allowing the reopening of the Sterlite Copper smelter plant in Tuticorin, Tamil Nadu. In May 2018, the state government had ordered that the smelter be shut after protests over the plant’s alleged pollution led to widespread violence. After the NGT allowed the plant to reopen in December, the AIADMK government moved a petition in the Supreme Court.

Manipur People’s Protection Bill
Manipur Chief Minister N. Biren Singh
Manipur People’s Protection Bill - Manipur Chief Minister N. Biren Singh has assured the people of Manipur that his government will protect the indigenous people of the state at any cost, citing the Manipur People’s Protection Bill, 2018. The Manipur People’s Protection Bill, 2018 which was passed during the 5th session of the Manipur Legislative Assembly on July 23, 2018, seeks to regulate entry and exit of non-Manipuris from outside the state.

Web Wonder Women Campaign
Web Wonder Women Campaign
Web Wonder Women Campaign - The government launched Web Wonder Women Campaign to celebrate the exceptional achievements of women who have influenced and impacted society through social media. Ministry in collaboration with Breakthrough and Twitter India has started this campaign. The Campaign invites entries from across the world till 31st of this month. Indian-origin women, working or settled anywhere in the world, are eligible for nomination. The shortlisted entries will be open for public voting on Twitter and the finalists will be selected by a specialized panel of judges. 

SEBI Constituted Research Advisory Committee
SEBI
SEBI Constituted Research Advisory Committee - Security and Exchange Board of India (SEBI) has constituted a "Research Advisory" committee that will assist in formulating policy to undertake research relevant for development and regulation of capital markets. The committee, headed by Sankar De, would comprise prominent financial economists and market practitioners. 

India Will Be Third-Largest Consumer Market
World Economic Forum 
India Will Be Third-Largest Consumer Market - According to World Economic Forum (WEF) India is poised to become the third-largest consumer market behind only the US and China; and consumer spending in India is expected to grow from $1.5 trillion at present to nearly $6 trillion by 2030.

Tokenisation For Card Transactions
Tokenisation For Card Transactions
Tokenisation For Card Transactions - Reserve Bank of India released guidelines on tokenisation for various card transactions. Tokenisation, which aims at improving safety and security of the payment system, refers to replacement of actual card details with an unique alternate code called the ‘token’, which shall be unique for a combination of card, token requestor and identified device. Instead of using actual card details, this token is used to perform card transactions in contactless mode at point of sale (POS) terminals, quick response (QR) code payments. A customer would not have to pay any charges for availing this service.

Khelo India Youth Games
Khelo India Youth Games
Khelo India Youth Games - The second edition of Khelo India Youth Games has officially begun in Pune, Maharashtra. Sports Minister Rajyavardhan Rathore and Chief Minister Devendra Fadnavis attended a virtual torch ceremony. Prime Minister Narendra Modi addressed the event through a video message. More than 9,000 players from different states will participate in 18 different events. Vijay is the mascot of game.

Africa Cup of Nations
Africa Cup of Nations
Africa Cup of Nations - Egypt will host the 2019 Africa Cup of Nations between June 15 and July 13, 2019. Confederation of African Football executive committee preferred Egypt to South Africa as replacement for original hosts Cameroon, who were dropped due to delays in preparations and concerns over security.

Henley Passport Index
Henley Passport Index 
Henley Passport Index - According to the Henley Passport Index Japan for the second time in a row, has topped a global index for the world's most powerful passport in 2019, while India ranked at the 79th position.

Budget Session
Budget Session
Budget Session - The interim budget for 2019 will be presented on 1 February during the budget session of the parliament. The budget session of the Parliament to be held from 31 January to 13 February. The decision was taken in the meeting of the Cabinet Committee on Parliamentary Affairs.
Global Economic Prospects Report
Global Economic Prospects Report
Global Economic Prospects Report - According to Global Economic Prospects report released by the World Bank, India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years. India will continue to be the fastest growing major economy in the world. China’s economic growth is projected to slow down to 6.2% each in 2019. While The World Bank has projected moderation of global growth from three per cent last year to 2.9 per cent this year.

Kim Jong Un Visited China
Kim Jong Un
Kim Jong Un Visited China - North Korean leader Kim Jong Un is visiting China at the invitation of Chinese President Xi Jinping, only days after warning he may take an alternative path if the United States does not ease sanctions and pressure on his isolated country.

Javad Zarif
Javad Zarif 
Javad Zarif - External Affairs Minister Sushma Swaraj held talks with her Iranian counterpart Javad Zarif on a range of key bilateral and regional issues, including the peace and reconciliation process in Afghanistan and the implementation of the Chabahar port project. Iran is India's third-largest oil supplier after Iraq and Saudi Arabia.

Pranav R Mehta
Global Solar Council
Pranav R Mehta - Chairman of National Solar Energy Federation, Pranav R Mehta, has taken over as the president of Global Solar Council (GSC). He has become the first Indian to head the GSC. The Global Solar Council (GSC) has its headquarters in Washington D.C., USA.

Harendra Singh
Harendra Singh
Harendra Singh - Hockey India officially parted ways with Harendra Singh as the men’s chief coach and recommended him for the junior side instead.