THE HINDU AND PIB Combined News Analysis/Summary of the Day For 6th January 2017

  6th January 2017

1)New Delhi World Book Fair to Celebrate Women Writings & 60 Years of National Book Trust.

New Delhi World Book Fair will have ‘Manushi’ as the Theme of this year, which will focus on writings on and by women; and will exhibit the rich tradition of women writings from ancient times till present.
New Delhi World Book Fair will be held from 7th to 15th January 2017 at Pragati maidan in New Delhi. The Fair is being organized in collaboration with India Trade Promotion Organisation.

2)Veteran actor Om Puri passes away

3)Financial Stability and Development Council (FSDC)

The Central Government had established Financial Stability and Development Council (FSDC) in December 2010 with the Finance Minister as it Chairman.

The idea to create it was first mooted by the Raghuram Rajan Committee on Financial Sector Reforms in 2008.

It is a super regulatory body for regulating financial sector which is a vital for bringing healthy and efficient financial system in the economy.

The FSDC envisages to strengthen and institutionalise mechanism of (i) maintaining financial stability, (ii) Financial sector development, (iii) inter-regulatory coordination along with monitoring macro-prudential regulation of economy.

Composition of FSDC
Chairman: Union Finance Minister.
Members: Heads of the financial sector regulatory authorities (i.e, RBI, SEBI, IRDA, PFRDA), Finance Secretary and/or Secretary, Department of Economic Affairs (Union Finance Ministry), Secretary, Department of Financial Services, and Chief Economic Adviser. FSDC can invite experts to its meeting if required.

5)Government constitutes Injeti Srinivas Committee to frame National Sports Code

6)UN declares 2017 as the International Year of Sustainable Tourism for Development

MAINS QUESTIONS:

1) What steps did Indian Govt.has take to curb the black Money? How much it succeeded in that.