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CURRENT AFFAIRS 27 MAY 2017

 

NATIONAL AFFAIRS

PM Modi inaugurates India’s longest bridge Dhola-Sadiya Bridge in Assam
On May 26, 2017, Prime Minister Narendra Modi inaugurated India’s longest river bridge, the Dhola-Sadiya bridge. This bridge has been named after late legendary singer Bhupen Hazarika. Sadiya was the birth place of Bhupen Hazarika.
i. He also laid the foundation stone for an Indian Agricultural Research Institute (IARI) at Gogamukh in Dhemaji district of Assam.
ii. He announced the launch of the new scheme SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters)

Centre bans sale of cows for slaughter at animal markets, brings restrictions on cattle trade
As per new rules notified by the Environment Ministry, Government has banned the sale of all kinds of cattle for slaughter at animal markets across the country. This new rule has been notified under Prevention of Cruelty to Animals (PCA) Act of 1960. 
i. Now onwards only farmland owners will be allowed to trade at animal markets.
ii. As per the notification, cattle comprise bulls, bullocks, cows, buffaloes, steers, heifers, calves and camels.

Uttar Pradesh government launches JE vaccination drive in 38 districts
Uttar Pradesh (UP) Chief Minister Yogi Adityanath has launched a JE immunisation drive in 38 districts on 25 May 2017.
Key Highlights:
i. It has been launched to eradicate Japanese Encephalitis (JE).
ii. This anti-encephalitis drive was launched from Kushinagar district.
About Anti-encephalitis drive
i. CM Yogi also launched a toll free number to get or provide any information about encephalitis. The number is 18001805544.
ii. During a drive in the targeted districts the government has fixed the target of immunisation of above 88 lakh 55 thousand children in the age group of 1 to 15 years.
iii. The government has also involved all the voluntary and social organisations in these JE prone districts.
iv. It will be continued till 11 June 2017.

Fadnavis launch Samwad Sabha to reach out to farmers
Maharashtra Chief Minister Devendra Fadnavis has launched a ‘ShivarSamwad Sabha to reach out to farmers in the state and to address their issues.
Key Points:
i. Nearly 4,000 elected representatives of the party will participate in the campaign.
ii. Meetings will also be conducted with the farmers at various locations.
iii. It is a 4 day initiative to reduce the rising resentment among farmers across the state over delay in procurement of tur this year.
Some More Points:
♦ Governor- C.Vidyasagar Rao
♦ Chief Minister: Devendra Fadnavis (BJP)





INTERNATIONAL AFFAIRS

Taj Mahal only Indian monument to figure in top 10 global landmarks
Taj Mahal is the only Indian monument which has featured in the list of top 10 Global Landmarks, by Traveller’s Choice. Taj Mahal has secured 5th position on this list.
Traveller’s Choice Top 10 Global Landmarks:

RankLandmarkCountry
1stAngkor Wat in Siem ReapCambodia
2ndZayed Grand Mosque Center in Abu DhabiUAE
3rdMezquita Cathedral de Cordoba in CordobaSpain
4thSt Peter’s Basilica in Vatican CityItaly
5thTaj Mahal in AgraIndia

HDFC among top 10 consumer financial services companies globally
HDFC is the only Indian company to be named among the top 10 consumer financial services companies in the world.HDFC is among top 10 consumer financial services sector on a Forbes list companies globally.
i. The list is topped by global major American Express.The Capital One Financial and Visa in the 2nd and 3rd place.
ii. There are total 56 Indian companies on the list.




2017 North Atlantic Treaty Organization (NATO) summit held in Belgium
The 28th edition of North Atlantic Treaty Organization (NATO) summit has started in Brussels Belgium on May 24 and 25, 2017.
Key Notes:
i. The top agenda of the meeting was terrorism.
ii. It is also expected that NATO is to join the US-led anti-Islamic State coalition (IS).
iii. The main aim is to fight against Islamist terrorism.
iv. The 2018 NATO summit will be held in Istanbul, Turkey.
About NATO:
♦ It formed on 4thApril 1949.
♦ Secretary General: Jens Stoltenberg
♦ Chairman of the NATO Military Committee: Petr Pavel


BANKING & FINANCE

India retains world’s highest FDI recipient crown: Report
As per “fDi Report 2017”, compiled by fDi intelligence, a division of the Financial Times, India has retained its position as world’s top greenfield Foreign Direct Investment (FDI) destination for the second consecutive year. Attracting $62.3 billion FDI inflows in 2016, India remained much ahead of China and the US.
i. FDI inflows in India during 2016 increased by 2% to USD 62.3 billion, deployed across 809 projects.
ii. In 2016, global FDI flows gravitated to destinations experiencing the strongest economic growth, whereas destinations going through recession/ slow down saw major decline in FDI inflows.

India’s retirement savings gap to rise to $85 trn in 2050: WEF
According to World Economic Forum study the size of retirement savings gap in India is expected to touch $85 trillion by 2050.
Meaning of Saving Gap:
i. The savings gap is the amount of money required in each country.
ii. It includes contributions from governments, individuals and employers.
iii. It provides each person with a retirement income equal to 70 per cent of their pre-retirement income.
iv. World Economic Forum has also predict the world’s six largest pension saving systems the US, UK, Japan, Netherlands, Canada and Australia are expected to reach a $224 trillion gap by 2050.
v. The savings gap will grow fastest in China and India at growth rates of 7 per cent and 10 per cent respectively.
vi. The combined savings gap for the eight countries including china reaches a total of $400 trillion by 2050 a sum five times the size of the current global economy.
vii. The report was prepared by the World Economic Forum in collaboration with Mercer, a global consulting leader across health, wealth and careers.
About WEF
♦ Formed: 1971
♦ Headquarters: Cologny, Switzerland
♦ Executive Chairman: Klaus Schwab





BUSINESS

Centre amends definition of a start-up
The Department of Industrial Policy and Promotion (DIPP) has amended the definition of a Startup.
The new definition of Startup is:
i. An entity will be considered as a Start-Up if its turnover is less than Rs 25 crore.
ii. It has not completed seven years from the date of its incorporation/registration.
iii. It includes scalability of the business model with a potential for employment generation or wealth creation.
About DIPP
♦ DIPP full form: Department of Industrial Policy and Promotion.
♦ Chairman of DIPP is Ramesh Abhishek
♦ Department of Industrial Policy & Promotion was established in the year 1995.
♦ In the year 2000 Department of Industrial Development was merged with it.


AWARDS & RECOGNITIONS

EDII and ITC bags Porter Prize 2017
Entrepreneurship Development Institute of India (EDII), Gujarat and ITC Ltd has won the Porter Prize 2017.
Key Points:
i. ITC has received the prize for Excellence in Corporate Governance and Integration and for its contribution in Creating Shared Value.
ii. The Entrepreneurship Development Institute of India (EDII) has set up in 1983.
iii. It is sponsored by apex financial institution the State Bank of India (SBI), IDBI Bank Ltd, IFCI Ltd. ICICI Ltd
Some More Points:
♦ Porter Prize is named after Michael E. Porter, an economist, teacher, researcher, advisor, author and speaker.


APPOINTMENTS & RESIGNS

Anurag Tripathy appointed as secretary of CBSE
Anurag Tripathy has appointed as Secretary of CBSE.
Key Points:
i. A 1998 batch officer of Indian Railway personnel Service (IRPS) Anurag Tripathy has appointed the new secretary of the Central Board of Secondary Education (CBSE).
ii. It is appointed by the Department of Personnel and Training (DoPT).
iii. He will hold the post for a period of five years.
About CBSE
♦ It was formed on 3 November 1962.
♦ Headquarters: New Delhi.
♦ Chairman: Rakesh Kumar Chaturvedi

Amul Thapar becomes second Indian-American judge of US Court of Appeals
Amul Thapar has become second Indian-American judge of US Court of Appeals.
Key Points:
i. Amul Thapar has appointed a judge to the Cincinnati-based Sixth Circuit Court of Appeals.
ii. He has become only the second Indian-American judge of an appeals court.
iii. After Senate’s approval Thapar has become President Trump’s second judicial nominee to get confirmed.
iv. Thapar was confirmed by senate by a 52-44 vote.
About Amul Thapar
♦ Amul Thapar studies law at University of California, Berkeley.
♦ In 2008, he was appointed to the US District Court of Kentucky by former President George W. Bush.

Jaideep Mazumdar appointed as the next Ambassador of India to Philippines
Jaideep Mazumdar has been appointed as the next Ambassador of India to the Philippines.
Key Points:
i. The 1989 batch IFS officer is presently Joint Secretary in the Ministry of External Affairs.
ii. He is expected to take up the assignment shortly.
About Philippines
♦ Capital – Manilaa
♦ Currency – Peso
♦ President-Rodrigo Duterte


SCIENCE & TECHNOLOGY

ISRO and NASA collaborates to develop world’s most expensive earth imaging satellite
In a latest collaborative project, ISRO and NASA are jointly working on the NASA-ISRO Synthetic Aperture Radar (NISAR) mission.
Key Points:
i. It is used to co-develop and launch a dual frequency synthetic aperture radar satellite.
ii. This earth monitoring satellite is scheduled to be launched in 2021.
iii. 
NASA Administrator Charles Bolden and K.Radhakrishnan, Chairman ISRO, signed two documents to launch the NASA-ISRO satellite mission.
iv. The meeting was held in Toronto.
v. According to NASA the purpose of this mission is to observe Earth and establish a pathway for future joint missions for Mars exploration.
About NISAR mission
♦ NASA-ISRO Synthetic Aperture Radar (NISAR) mission is a dual frequency (L and S Band) Radar Imaging Satellite.
♦ It is the first big collaboration between NASA and ISRO.
♦ This satellite will be the world’s most expensive earth imaging satellite.
♦ The cost of this project is USD 1.5 billion


NECROLOGY

Former DGP of Punjab KPS Gill passes away at 82
Former Punjab Director General of Police Kanwar Pal Singh Gill has died on 26th of May, 2017
Key Points:
i. KPS Gill was 82 years.
ii. He died at Sir Ganga Ram Hospital in Delhi at 2:55 PM due to cardiac arrhythmia.
iii. He received a Padma Shri award in 1989 for his work in the civil service.





BOOKS & AUTHORS

President of India receive books ‘Mann Ki Baat: A Social Revolution on Radio’ and ‘Marching with a Billion – Analysing Narendra Modi’s Government at Midterm’
PM Mann Ki Baat’ is a unique initiative of Shri Narendra Modi to reach towards masses across the country through the Radio. PM Modi’s Mann Ki Baat programme was first started on 3rd October 2014.
Key Points:
i .President Pranab Mukherjee has received the first copy of two books ‘Mann Ki Baat-A Social Revolution on Radio’
ii. ‘Marching with a Billion-Analysing NarendraModi’s Government at RashtrapatiBhavan in New Delhi.
iii. Marching with a Billion- Analysing Narendra Modi’s Government at Mid-term written by  UdayMahurkar a journalist.
iv. The books have been released by the Speaker of Lok Sabha, Sumitra Mahajanat a function in RashtrapatiBhavan.
v. The books subsume a comprehensive, qualitative and academic analysis of programme – the themes, the choice of topics, the salient features.
vi. It will describe how this programme has connected with the New India – the youth in particular.