Current Affairs Today – August, 4th, 2017 | Latest News and Updates

INDIAN AFFAIRS

Justice B.N Srikrishna headed committee to study issues related to data protection

Justice B.N Srikrishna headed committee to study issues related to data protection

  1. The Committee of experts that has been formed for the protection of the data of the whole of the country that will be head by the Justice B N Srikrishna, former judge of the Supreme Court of India.
  2. “The Government of India is cognizant of the growing importance of data protection in India. The need to ensure growth of the digital economy while keeping personal data of citizens secure and protected is of utmost importance,” the office memorandum said.
  3. In an earlier interview by the media, Sengupta of Vidhi had said, “In the last 5-6 years there has been a quantum leap in the world of technology which has been driven by trends such as proliferation of social media, growth of e-commerce leading to boom in transactions over the Internet and demonetisation, which has pushed more people into the digital economy, so the IT act may have to be obviously reconsidered in the light of these developments.”
  4. The remaining members of the comitee that is including Ajay Kumar, Additional Secretary, MeitY, Rama Vedashree, CEO, Data Security Council of India, Rishikesha T. Krishnan, Director, IIM, Indore and Rajat Moona, director, lIT, Raipur.

 

India – Somali signed an agreement on transfer of sentenced persons

  1. On Tuesday, the country India and Somalia has signed the memorandum of understanding for the transfer of sentenced persons, thus deepening humanitarian cooperation between the two countries.
  2. “An Agreement for Transfer of Sentenced Persons between India and Somalia was also signed,” Ministry of External Affairs statement said.
  3. “Furthering coopn with an imp. African partner. EAM @SushmaSwaraj meets Mr. Yusuf Garaad Omar, Min. of Foreign Affairs & Intl Coopn of Somalia,” Baglay tweeted.
  4. Foreign Minister of the Federal Republic of Somalia Yusuf-Garaad Omar has been came to the Delhi and they will be on the five days of the visit in the India for the invitation of the of Sushma Swaraj. This visit of the foreign minister of the Somalia is the first visit to the India since he assumed office earlier this year

KEYS:

  1. Somalia, officially the Federal Republic of Somalia, is a country located in the Horn of Africa. It is bordered by Ethiopia to the west, Djibouti to the northwest, the Gulf of Aden to the north,
  2. Capital: Mogadishu
  3. Currency: Somali shilling
  4. President: Mohamed Abdullahi Mohamed
  5. Points of interest: Laas Geel, Lag Badana National Park,

 

Peace, tranquility along Indo-China border must for bilateral ties: India

  1. On Wednesday, the India has started the topic of the peace and tranquility by taking the term of the Indo-China border is an important pre-requisite for smooth development of bilateral relations between the New Delhi and Beijing.
  2. India’s Ministry of External Affairs’ official spokesperson Gopal Baglay said, “India’s position on this issue and related facts have been articulated in our Press Statement of June 30, 2017. India considers that peace and tranquility in the India-China border areas is an important pre-requisite for smooth development of our bilateral relations with China.”
  3. “The China-Bhutan boundary issue is one between China and Bhutan. It has nothing to do with India. As a third party, India has no right to interfere in or impede the boundary talks between China and Bhutan, still less the right to make territorial claims on Bhutan’s behalf. There is no dispute in this regard. Since the 1980s, China and Bhutan, as two independent sovereign states, have been engaged in negotiations and consultations to resolve their boundary issue” the Chinese foreign ministry said in a statement.
  4. “This is mainly in view of the following considerations. The boundary in the Sikkim Sector has long been delimited by the 1890 Convention, which was signed between then China and Great Britain. China and India ought to sign a new boundary convention in their own names to replace the 1890 Convention. This, however, in no way alters the nature of the boundary in the Sikkim Sector as having already been delimited,” Chinese foreign ministry said.

KEYS:

  1. The Ministry of External Affairs of India, also known as the Foreign Ministry, is the government agency responsible for the conduct of foreign relations of India
  2. Website: mea.gov.in
  3. Formed: 2 September 1946
  4. Jurisdiction: India
  5. Headquarters: South Block, Cabinet Secretariat, Raisina Hill, New Delhi, 110 011
  6. Cabinet minister: Sushma Swaraj
  7. Minister of state: Vijay Kumar Singh, M J Akbar

 

 

Inflation fall, slowdown spur RBI to cut rate to 6-year low

  1. The India’s great lending bank that is the Reserve Bank of India (RBI) has reduced its rae of the lend on Wednesday by 25 basis points to 6 percent, that was the below before the November 2010, as the all the bank is creating the central bank to focus on boosting an economy growing at the slowest pace in over two years.
  2. “The baseline path of headline inflation excluding the HRA impact has fallen below the projection made in June to a little above 4 per cent by the fourth quarter. Inflation excluding food and fuel has fallen significantly over the past three months and the roll-out of the GST has been smooth and the monsoon normal,” MPC said in its resolution after a two-day meeting.
  3. “Consequently, some space has opened up for monetary policy accommodation, given the dynamics of the output gap. Accordingly, the MPC decided to reduce the policy repo rate by 25 basis points. Noting that the trajectory of inflation in the baseline projection is expected to rise from current lows, the MPC decided to keep the policy stance neutral and to watch incoming data,” Governor Patel said.
  4. “The current situation warranted a steeper cut of 50 bps in the repo rate. The private investment cycle remains weak and the reduction in the rate will be an investment sentiment booster. According to FICCI’s latest Business Confidence Survey findings, companies are still operating at sub-optimal capacities and the demand conditions also remain a concern for businesses,” FICCI president Pankaj Patel said.

 

INTERNATIONAL AFFAIRS

India permitted to construct Kishanganga and Rattle Projects – World Bank

India permitted to construct Kishanganga and Rattle Projects – World Bank

  1. India has started to construct hydroelectric power facilities by using the river of Jhelum and Chenab rivers by using the many of the restriction of the act of the 1960 Indus Waters Treaty (IWT), it is said by the World Bank.
  2. “Among other uses, India is permitted to construct hydroelectric power facilities on these rivers subject to constraints specified in annexures to the treaty, in a spirit of goodwill and cooperation” the Bank said in its fact sheet.
  3. By seeing the growth, the Pakistan has started the appose of the construction at the Kishanganga (330 megawatts) and Ratle (850 megawatts) hydroelectric power plants that is built by the India in Jammu and Kashmir, the global lender said in a fact sheet issued yesterday.
  4. The World Bank’s has given its major participation in the “differences” and “disputes” is limited to the designation of people to fulfil certain roles when requested by either or both of the parties, the fact sheet said.

KEYS:

  1. The World Bank is an international financial institution that provides loans to countries of the world for capital programs
  2. Headquarters: Washington, D.C., United States
  3. Purpose: Crediting
  4. Membership: 189 countries (IBRD); 173 countries (IDA)
  5. Subsidiaries: International Finance Corporation,
  6. Founders: John Maynard Keynes, Harry Dexter White

 

BRICS trade ministers meeting held in Shanghai

  1. The neighboring country China and the all the BRICS country has been decided and did the pledge for the fight protectionism and safeguard intellectual property rights, in this there is the U.S. President Donald Trump has been taken as the place of the action by considering of the reaction by China.
  2. “Ministers were committed to continue to firmly oppose trade and investment protectionism, recommitted to their existing pledge for both standstill and rollback of protectionist measures, and called upon countries to join in that commitment,” the statement said.
  3. “Ministers agreed to promote exchanges and cooperation on IPR legislation and enforcement in order to create favorable conditions for trade and innovation-driven economic development,” the statement said.
  4. Trump has decided to make the penalty for the Beijing that is because of his concern at what he perceives to be Chinese inaction on reining in an increasingly belligerent North Korea, which is helping to give his missile and nuclear weapons programs in defiance of U.N. Security Council resolutions.

KEYS:

  1. China is a populous nation in East Asia whose vast landscape encompasses grassland, desert, mountains, lakes, rivers and more than 14,000km of coastline
  2. Capital Beijing mixes modern architecture with historic sites such as the Forbidden City palace complex and Tiananmen Square
  3. Shanghai is a skyscraper-studded global financial center
  4. The iconic Great Wall of China runs east-west across the country’s north
  5. Capital: Beijing
  6. Official language and national language: Standard Chinese
  7. Currency: Renminbi
  8. Population: 1.379 billion (2016) World Bank
  9. President: Xi Jinping
  10. Recognised regional languages: Mongolian; Tibetan; Uyghur; Zhuang; various others

 

Donald Trump Signs Russia Sanctions Bill, Moscow Calls It ‘Trade War’

  1. US President Donald Trump has been get in the signed against to the Russia on the Wednesday, the moment of the Moscow has been announced for the war against the trade and with the Trump administration.
  2. Dmitry Medvedev, the Russian prime minister, said, “The hope that our relations with the new American administration would improve is finished. The issue of new sanctions came about, primarily, as another way to knock Trump down a peg. New steps are to come, and they will ultimately aim to remove him from power,”
  3. Mr Medvedev later tweeted, “The Trump administration has shown its total weakness by handing over executive power to Congress in the most humiliating way. The US establishment fully outwitted Trump. The President is not happy about the sanctions, yet he could not but sign the bill.”
  4. Mr Trump accused Congress of acting “unconstitutionally” and “encroaching on the executive branch’s authority”. He said: “The bill remains seriously flawed. The framers of our Constitution put foreign affairs in the hands of the president. This bill will prove the wisdom of that choice. I built a truly great company worth many billions of dollars. That is a big part of the reason I was elected. As president, I can make far better deals with foreign countries than Congress. Congress could not even negotiate a healthcare bill after seven years of talking.”

KEYS:

  1. Russia, the world’s largest nation, borders European and Asian countries as well as the Pacific and Arctic oceans
  2. Its landscape ranges from tundra and forests to subtropical beaches
  3. It’s famous for Moscow’s Bolshoi and St. Petersburg’s Mariinsky ballet companies
  4. Petersburg, founded by Russian leader Peter the Great, has the baroque Winter Palace, now housing part of the State Hermitage Museum’s art collection
  5. Capital: Moscow
  6. Currency: Russian ruble
  7. President: Vladimir Putin
  8. Population: 144.3 million (2016) World Bank
  9. Points of interest: Moscow Kremlin, Lake Baikal

                          

BANKING & FINANCE

 

SEBI forms committee headed by T K Viswanathan on fair market conduct

  1. The regulator bank that is the SEBI has been set the comihtee that is the ‘fair market conduct’ that give the suggestion and the instruction of the bank and the mainly of the strongness of the rules for algo trades, among other norms.
  2. “The committee will suggest short term and medium term measures for improved surveillance of the markets as well as issues of high frequency trades, harnessing of technology and analytics in surveillance,” the Securities and Exchange Board of India (Sebi) said in a statement.
  3. Sebi noted that securities market environment “being dynamic, periodic review of regulations and surveillance mechanisms is of utmost importance in order to effectively discharge the objectives of Sebi”
  4. The another members of the committee that are the representatives of law firms, mutual funds, retail and institutional brokers, forensic auditing firms, foreign portfolio investors, stock exchanges, chambers of commerce, data analytics companies and the markets regulator.

KEYS:

  1. The Securities and Exchange Board of India is the regulator for the securities market in India
  2. It was established in the year 1988 and given statutory powers on 30 January 1992 through the SEBI Act, 1992
  3. Founded: 12 April 1992
  4. Sector: Securities market
  5. Jurisdiction: India
  6. Headquarters: Mumbai
  7. Agency executive: Ajay Tyagi (Chairman)
  8. Type: Statutory corporation

SPORTS

Sam Shepard, Actor and Pulitzer-Winning Playwright, is dead at 73

Sam Shepard, Actor and Pulitzer-Winning Playwright, is dead at 73

  1. Sam Shepard, who was the great players of the host of the American West and its inhabitants, has died on Thursday at his home in Kentucky in the age of 73 years.
  2. To me, a strong sense of self doesn’t believe in a lot,” Mr. Shepard said in a 1994 interview with The New York Times. “Some people might define it that way, saying, ‘He has a very strong sense of himself.’ But it’s a complete lie.”
  3. “I felt the play pulsing with Sam Shepard’s unconscious, and I realized how rarely I feel that in the theater today,” Mr. Shinn said on Monday. “Sam always wrote from that place a zone of trauma, mystery and grief. Whether the play was more mainstream or experimental in its conception, he took the big risk every time.”
  4. Shepard, later explained: “It’s impossible the way people enter into it feeling they’re going to be saved by the other one. And it seems like many, many times that quicksand happens in a relationship when you feel that somehow you can be saved.”

AWARDS & RECOGNITION

Bharat Gaurav Award by East Bengal Football Club: Dhanraj Pillay

Bharat Gaurav Award by East Bengal Football Club: Dhanraj Pillay

  1. On Tuesday, the former Indian hockey captain Dhanraj Pillay was honoured by East Bengal football club on its foundation day here with its highest award, Bharat Gaurav.
  2. The secretary of East Bengal, Kalyan Majumdar said,”Pillay’s contribution to Indian hockey is immense. We have chosen him for this year’s Bharat Gaurav. The club is honoured and humbled that he has accepted our request and will be present here for the Foundation Day on August 1.”
  3. “This is a very proud moment for me. The ones I used to see on television playing football are sitting in front of me. The award puts greater responsibility on my shoulders to do more for hockey. The Bharat Gaurav award to me is like Bharat Ratna. A football club like East Bengal recognising hockey is great. When I used to play in Malaysia, I saw Bhaichung Bhutia play and dribble past players,” said Pillay, who represented the country in four Olympics, World Cups, Champions Trophy and Asian Games.
  4. Bhowmick, who coached the red and gold brigade to the ASEAN Club Cup in 2003, said, “I never regretted not getting an Arjuna Award. But I had regret that East Bengal did not give me a lifetime achievement award. Now it’s done.”

OBITUARY

Former union minister Santosh Mohan Dev passes away

Former union minister Santosh Mohan Dev passes away

  1. Former union minister Santosh Mohan Dev has been died on Wednesday at his home town in the Silchar at Assam because of the failure of the kidney and many of the other body parts disease at the age of 83 years. Santosh Mohan Dev was the Minister of State for Communications from the year 1986-1988 and Minister of State for Home from the year 1988 to 1989.
  2. Prime Minister Narendra Modi said, “Saddened by the passing away of Shri Santosh Mohan Dev. He was veteran political leader who worked extensively for welfare of people. My thoughts are with the family and supporters of Shri Santosh Mohan Dev in this hour of grief,”
  3. Former President Pranab Mukherjee said that he was ‘deeply saddened’ because of his death, “Deeply saddened at the passing away of longtime friend and colleague,Shri Santosh Mohan Dev. My condolences to the family,”
  4. Congress President Sonia Gandhi shows the sadness on the death of Dev. In a statement, she said, “His immense contribution to build the party in the Northeast, right from the grassroots level would always be remembered.”
  5. INC India, from its official Twitter handle, said, “We condole the demise of Shri Santosh Mohan Dev. A leader of great stature, he will be remembered for his contribution to the people. Our heartfelt condolences to @sushmitadevmp and family during this hard time.”

KEYS:

  1. Assam is a state in northeastern India known for its wildlife, archeological sites and tea plantations
  2. In the west, Guwahati, Assam’s largest city, features silk bazaars and the hilltop Kamakhya Temple
  3. Umananda Temple sits on Peacock Island in the Brahmaputra river
  4. The state capital, Dispur, is a suburb of Guwahati
  5. The ancient pilgrimage site of Hajo and Madan Kamdev, the ruins of a temple complex, lie nearby
  6. Capital: Dispur
  7. Districts: 33
  8. Chief minister: Sarbananda Sonowal
  9. Points of interest: Kaziranga National Park, Manas National Park,
  10. Language: Assamese language

 

IMPORTANT DAYS

4th August 1929: Famous Bollywood Actor and Singer Kishore Kumar is Born

4th August 1929: Famous Bollywood Actor and Singer Kishore Kumar is Born

  1. On 4th August in the year 1929, the India’s and the Bollywood singer, actor the great, Kishore Kumar was born. Before the Kishore Kumar he was the Abhas Kumar Ganguly in the villege, Khandwa, Madhya Pradesh.
  2. The father of Kishore Kumar was the lawyer his mother was the belonging of Bengali family. Kishore Kumar has two brothers that is of, Ashok Kumar and Anoop Kumar and both were also Bollywood actors.
  3. Ashok Kumar has did four marriage, their first wife was Bengali singer Ruma Guha Thakurta, after with an actress, Madhubala, she was muslim by this Kishore Kumar also get convert his riligion and get Islam, after she get died, Kishore Kumar get married with actress Yogeeta Bali this marriege get last for two years and after this he married with another actress, Leena Chandravarkar, this was his last and life end married till the heart attack of the 13th October 1987.
  4. He gets died at the age of 58. He has two sons, Amit Kumar by the Ruma ghosh and Sumit Kumar by the Leena Chandravarkar.

 

 

 

 

Sandeep Kumar

Hi Guys, I am Sandeep Co-founder of IASpaper and UPSCToday Staying in Mumbai (India) and pursuing graduation in Computer Science and Engineering from Mumbai University. I love helping Aspirants. You may join me on Facebook

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