2. Donald Trump Unveils Merit-Based Immigration System
i. US President Donald Trump has rolled out a merit-based immigration system from which foreigners, including hundreds and thousands of Indian professionals and skilled workers, waiting to get Green Cards or permanent legal residency stand to benefit.
ii. As per the proposed system, permanent legal residency would be given based on points for their age, knowledge, job opportunities and civic sense. The proposals significantly increase the quota for skilled workers from the existing nearly 12% to 57%.
Static/Current Takeaways Important For LIC AAO Mains 2019:
- Washington DC is the capital city of the USA.
- Washington DC was formerly known as District of Columbia.
3. Taiwan Becomes First Country In Asia To Legalise Same-Sex Marriage
i. Taiwan has approved a bill legalizing same-sex marriage, a landmark decision that makes the self-ruled island the first place in Asia to pass gay marriage legislation.
ii. The successful bill includes limited adoption rights for same-sex couples.
4. Saudi Arabia Approves Permanent Residency For First Time
i. The Saudi government has approved for the first time a scheme that gives permanent residency to certain expatriates, allowing them to own real estate in the kingdom and reside with their families without a Saudi sponsor.
ii. The “Privileged Iqama” system will offer a permanent residence scheme and one that can be renewed annually to highly skilled expatriates and owners of capital funds.
Static/Current Takeaways Important for LIC AAO Exam:
- Saudi Arabia Capital: Riyadh, Currency: Saudi riyal.
5. Ujjivan Small Finance Bank Appoints Nitin Chugh As Next MD and CEO
i. Ujjivan Small Finance Bank Limited has appointed Nitin Chugh as its next Managing Director and Chief Executive Officer (CEO) from December 1, 2019.
ii. Bank’s current MD and CEO, Samit Ghosh is retiring on November 30, 2019. The bank has received the approval of its application for Chugh’s appointment, from the Reserve Bank of India.
6. Jeffrey Rosen Confirmed As US’ Next Deputy Attorney General
i. Jeffrey Rosen was confirmed as the United States’ latest deputy attorney general by the US Senate after his predecessor, Rod Rosenstein, left the department.
ii. Rosenstein oversaw Special Counsel Robert Mueller’s investigations into Russian collusion in the 2016 Presidential elections, before stepping down from his post in April.