Top Current Affairs: 6 August 2019

Posted in Current Affairs on August 7, 2019

LIC Jeevan Amar plan launched: Know its features and eligibility

The LIC Jeevan Amar Plan has been launched by the Life Insurance Corporation of India (LIC) to enable policyholders in choosing death benefit options such as Level Sum Assured and Increasing Sum Assured. The plan will be sold offline only and can be purchased through the LIC agent.

What Happens When a State becomes Union Territory (UT)?

Check this article to know what would happen after Jammu & Kashmir becomes a Union Territory. The Jammu & Kashmir Reorganisation Bill 2019 is currently tabled in Lok Sabha for its passage. The Bill bifurcates Jammu and Kashmir into 2 UTs – Ladakh and J&K.

United States designates China a ‘Currency Manipulator’

The trade tensions between the United States and China escalate with the latest move by the US to designate China as ‘currency manipulator’. It is not the first time that the US has done so; China was earlier labelled as a currency manipulator by the US in the year 1994.

Jammu & Kashmir Reorganisation Bill 2019 tabled in Lok Sabha, already passed by Rajya Sabha

The Jammu and Kashmir Reorganisation Bill 2019 was moved in the Lok Sabha on August 6, 2019, for its consideration and passage. The Lok Sabha will also take the Jammu and Kashmir Reservation Bill 2019 that seeks to provide 10 per cent reservation for Economically Weaker Sections (EWS).

Article 370 and 35 (A) scrapped: What will change in Jammu & Kashmir?

The Union Government revoked Articles 370 and 35 (A) on August 5, 2019. The Government also proposed the bifurcation of the state into two union territories Jammu & Kashmir and Ladakh.