Current Affairs Today – July, 7th, 2017 | Latest News and Updates

INDIAN AFFAIRS

Environment Minister launches plantation drive to mark Van Mahotsav

Environment Minister launches plantation drive to mark Van Mahotsav

  1. On Wednesday the environment minister has started the new program that is the month-long tree plantation drive to mark Van Mahotsav. The first tree planting program has started in Delhi.
  2. The country wants to reduce the spreading of the carbon in the nature, and for this the forests are the key for the absorption of the carbon dioxide are taken as the importanta and one of the major way of global rise in temperatures. Under the commitment, India has to create an additional sink of 2.5 to 3 billion tonnes of carbon dioxide equivalent by 2030.
  3. “Unfortunately, we did not pay much attention to whatever our ancestors had told us. That is why today the threats of climate change and global warming have arisen,” Harsh Vardhan said.
  4. On the celebration of the World Environment Day in the country on June 5 Prime Minister Narendra Modi exhorted people to plant trees marking the day by planting a sapling in his residence lawns himself.

KEYS:

  1. The Ministry of Environment, Forest and Climate Change is an Indian government ministry
  2. The ministry portfolio is currently held by Dr. Harsh Vardhan, Union Minister of Environment, Forest and Climate Change
  3. Formed: 1985
  4. Jurisdiction: India
  5. Headquarters: Indira Paryavaran Bhavan, Jorbagh Road, New Delhi – 110 003
  6. Minister of state independent charge: Anil Madhav Dave
  7. Annual budget: 26.75 billion INR (2017-18 est., US$400 million)
  8. Awards: National Film Award for Best Promotional Film

 

 

UDAY covers 97% of discom debt: Centre

UDAY covers 97% of discom debt: Centre

  1. Total of the 97% managing debt of the all state power distribution companies (discoms) has been taken under the new project that is the Ujwal DISCOM Assurance Yojana (UDAY), this announcement is done by the government on Tuesday.
  2. “As on September 30, 2015, the total debt of all state-owned discoms was ₹3.95 lakh crore,” according to a statement by the Ministry of Power.
  3. “The 26 states and 1 UT which have joined the UDAY scheme account for total outstanding debt of ₹3.82 lakh crore. Hence, about 97% of the total outstanding debt of all State discoms has been covered under UDAY,” the statement added.
  4. The national average of aggregate technical and commercial (AT&C) losses (from all UDAY states) stood at 20.2% in FY17, according to the government, which added that billing efficiency has increased by two percentage points, from 81% in FY16 to 83% in FY17.
  5. “So far, states have already issued bonds of the entire ₹2.09 lakh crore and discoms have issued bonds worth ₹0.23 lakh crore,” the statement added. “Bonds worth ₹0.37 lakh crore are yet to be issued by various discoms. Hence, about 86% of the restructurable debt of states has been restructured so far under UDAY.”

KEYS:

  1. Full form of UDAY- Ujwal DISCOM Assurance Yojana
  2. Mission statement- “Financial turnaround of Power Distribution Companies”
  3. Location- India
  4. Owner- Supported by Ministry of Power (India)
  5. Founder- Centrally Sponsored Scheme
  6. Established- November 2015

 

10th Session of the India- Jordan Trade and Economic Joint Committee (TEJC) held in New Delhi

  1. India and Jordan the discussion which was held at their diverse areas like customs taxation and visa to promote trade and investments between the two countries on Wednesday.
  2. The agreement aims at “boosting and diversifying bilateral trade relations, in addition, to promoting economic trade and investment cooperation based on the principle o equity, non-discrimination”.
  3. “The two sides also reaffirmed their mutual interest and discussed the roadmap for cooperation in various fields such as fertiliser, customs, Double Taxation Avoidance Agreement visa and consular issues, pharmaceuticals and MSME,” it said.
  4. The discussions were held during the 10th India-Jordan Trade and Economic Joint Committee (TEJC) meeting held in New Delhi. The two-day deliberations ended on Wednesday.

KEYS:

  1. Jordan, an Arab nation on the east bank of the Jordan River, is defined by ancient monuments, nature reserves and seaside resorts
  2. It’s home to the famed archaeological site of Petra, the Nabatean capital dating to around 300 B.C
  3. Set in a narrow valley with tombs, temples and monuments carved into the surrounding pink sandstone cliffs, Petra earns its nickname, the “Rose City.”
  4. Capital: Amman
  5. Dialing code: +962
  6. Currency: Jordanian dinar
  7. King: Abdullah II of Jordan
  8. Points of interest: Petra, Dead Sea, Wadi Rum, Mount Nebo, more

 

Arunachal Pradesh celebrates ‘Dree festival’ with traditional pomp & gaiety

  1. Si Donyi festival has been celebrated with the pomp and gaiety in Daporijo, Dumporijo and in other parts of the state. Si Donyi festival of Tagin community is celebrated every year in the month of January for the wellbeing and prosperity of humankind.
  2. “Children nowadays are reluctant to speak their own language or tend not to learn their indigenous languages,” lamented the Union Minister.
  3. The Union Minister called upon the community members, particularly young generation to carry forward the objective of promoting and preserving cultural heritage for the present as well as the future generation with active participation of all sections of society.
  4. Speaking about Centre’s development initiatives for Arunachal, the Union Minister informed that various schemes, particularly for development of road communication have been sanctioned.

KEYS:

  1. Arunachal Pradesh is one of the 29 states of India, and holds the distinction of being the Northeastern-most state of the country
  2. Districts: 20
  3. Population: 1.255 million (2012)
  4. Official bird: Great hornbill
  5. Capitals: Guwahati (Judiciary), Itanagar

 

 

INTERNATIONAL AFFAIRS

5th Meeting of BRICS Education Ministers held in Beijing, China

5th Meeting of BRICS Education Ministers held in Beijing, China

  1. India created the deal with the BRICS and has make the strong ties in combating counter-terrorism, as the foreign ministers of Brazil, Russia, India, China and South Africa held their first ever stand-alone summit in Beijing on Monday.
  2. “The BRICS agenda has witnessed steady expansion,” Gen. Singh said. “The joint working group on counter terror concluded its meeting in May. Our NSAs are scheduled to meet next month. In their meeting last year, they reached significant understanding to enhance BRICS cooperation in security and counter-terrorism”.
  3. “India attaches utmost importance to engagement with BRICS countries,” he added. “The Prime Minister has repeatedly underscored the role of BRICS in the international arena and stressed the importance of fostering intra-BRICS cooperation”.
  4. Chinese Foreign Minister Wang Yi. He said “India looks forward to strengthening and deepening its strategic partnership and mutual dialogue with China.”

KEYS:

  1. BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa
  2. Originally the first four were grouped as “BRIC” (or “the BRICs”), before the induction of South Africa in 2010

 

US rolls out expedited entry for ‘low-risk’ Indian travelers

US rolls out expedited entry for ‘low-risk’ Indian travelers

  1. The US has started his team in the term of the for India its Global Entry programme which allows for expedited clearance of pre-approved, low-risk travelers. Indian Ambassador to the US Navtej Sarna yesterday became the first Indian national to enroll in the programme.
  2. “CBP is excited to offer our flagship Trusted Traveler programme to Indian citizens,” said Kevin McAleenan, Acting Commissioner of US Customs and Border Protection.
  3. “By expanding Global Entry eligibility, CBP is transforming the international arrivals process, making it more secure, efficient and welcoming, for the millions of Indian citizens who visit the United States each year,” he said.

KEYS:

  1. The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean
  2. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC
  3. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles’ Hollywood is famed for filmmaking
  4. Capital: Washington, D.C.
  5. Dialing code: +1
  6. President: Donald Trump
  7. States: California, Hawaii, Florida, Texas, Massachusetts, Alaska, more

 

The Federal Reserve is divided over its longer-term path

  1. All members of the Federal Reserve have been voted for the rate in the June, the central bank appears to be divided over its longer-term plans as data continue to show that the economy is not vigorously responding to its rate increases, released minutes from the Fed’s closed-door June meeting reveal.
  2. “We don’t yet know if that drop in core inflation is transitory,” Kashkari wrote. “In short, the economy is sending mixed signals: a tight labor market and weakening inflation.”
  3. “No one wants to say the ‘b’ word — ‘bubble,’” said Michael Arone, chief investment strategist at State Street Global Advisors. “But I do think that they’re concerned that asset prices have gone a little too far too fast, and have been supported by easy monetary policy conditions. So it might be time to curtail some of that.”
  4. Some Fed members were concerned that investors’ strong appetite for risk “might be contributing to elevated asset prices more broadly,” the minutes read. “A few participants expressed concern that subdued market volatility, coupled with a low equity premium, could lead to a buildup of risks to financial stability.”

KEYS:

  1. The Federal Reserve System is the central banking system of the United States
  2. It was created on December 23, 1913, with the enactment of the Federal Reserve Act in response to a series of financial
  3. Bank rate: 0.6% to 1.50%
  4. Chairperson: Janet Yellen
  5. Headquarters: Washington, D.C., United States
  6. Founder: United States Congress
  7. Founded: 23 December 1913
  8. Central bank of: United States of America

 

BANKING & FINANCE

China-backed AIIB approves USD 329 million loan for Gujarat rural roads

China-backed AIIB approves USD 329 million loan for Gujarat rural roads

  1. China-led Asian Infrastructure Investment Bank (AIIB) has announced today for the investment of the USD 329 million loan to build access roads to 4,000 villages in Gujarat.
  2. “The board of directors of the AIIB approved a loan of USD 329 million to build access roads to approximately 4,000 villages in all 33 districts of Gujarat, India,” AIIB said in a statement.
  3. “This project will directly contribute to the economic development of Gujarat and India by improving the mobility of the rural population,” said D J Pandian, Vice-President and Chief Investment Officer, AIIB.
  4. “By integrating isolated and poor rural populations with the rest of the state, and improving their access to critical social services, such as education and healthcare, we can have a positive impact on the economic and social outcomes of these local communities,” he said.

KEYS:

  1. Formation- 16 January 2016 (Open for business) 25 December 2015 (Entry into force Articles of Agreement)
  2. Type- Regional Investment Bank
  3. Headquarters- Beijing, China
  4. Region served- Asia and Oceania
  5. Membership- 56 Members, 24 prospective members
  6. Official language- English
  7. President- Jin Liqun
  8. Main organ- Board of Governors, Board of Directors

 

Axis Bank launches super bikes loans; to fund 95% of costs

Axis Bank launches super bikes loans; to fund 95% of costs

  1. For the replacement of the higher engine for the ‘super bikes’ has taken the main of the Indian consumer, Axis BankBSE -0.52 % today introduced a special loan product, and in that also has offered the 95 per cent of the costs.
  2. The fund which is going to take that is for the for motorcycles with an engine displacement of over 500 cubic centimetres (cc), will come at a price tag of 10-11 per cent per annum.
  3. The third largest private sector lender’s executive director Rajiv Anand said many Indians are aspirational of owning iconic brands like Harley Davidson and Triumph which made the bank launch the offer.
  4. There are over a dozen brands which are offering bikes in the segment with almost all of them having entered the country in the last decade. These bikes come with a price tag between Rs 5 to Rs 50 lakh. The segment had witnessed sale of over 3,000 units last year.

KEYS:

  1. Axis Bank Ltd is the third largest of the private-sector banks in India offering a comprehensive suite of financial products
  2. The bank has its head office in Mumbai and Registered office in Ahmedabad
  3. CEO: Shikha Sharma
  4. Chairperson: Dr. Sanjiv Misra (Part Time)
  5. Headquarters: Mumbai
  6. Founded: 1990, Ahmedabad
  7. Subsidiaries: Axis Direct, A.Treds Limited, Axis Capital Limited, more

 

 

Karnataka launches ‘Elevate 100’ scheme for start-ups

  1. The Karnataka government has launched the ‘Elevate 100’ scheme to identify and nurture innovative start-ups. “The aim is to identify 100 most innovative start-ups in the state to elevate them to the next level of success,” said Priyank Kharge, Minister for IT and BT.
  2. “Through Elevate, we will not only help in funding as not all startups need funding. So we will provide technical and business support based on their need,” he added. “Till date, we have identified 46 start-ups and sanctioned ₹15.68 crore in the field of biotech (26 start-ups, ₹10.70 crore), tourism (8 start-ups, ₹1.80 crore) and IT (12 start-ups, ₹3.18 crore).
  3. Commenting on the new initiative, Chief Minister Siddaramaiah said, “The this programme is likely to give a boost to trade and business in the state.”
  4. “We aim to extend holistic support to startups by offering mentorship and funding. Benglauru has the most suitable environment for start-ups with innovative ideas and is considered one of the most dynamic cities in the world. We will ultimately look for great ideas that use technology to solve bigger problems in our society,”

KEYS:

  1. Karnataka is a state in southwest India with Arabian Sea coastlines
  2. The capital, Bengaluru (formerly Bangalore), is a high-tech hub known for its shopping and nightlife
  3. To the southwest, Mysore is home to lavish temples including Mysore Palace, former seat of the region’s maharajas
  4. Hampi, once the medieval Vijayanagara empire’s capital, contains ruins of Hindu temples, elephant stables and a stone chariot
  5. Capital: Bengaluru (Executive Branch)
  6. Districts: 30
  7. Population: 64.06 million (2014)
  8. Destinations: Bengaluru, Mysore, Mangalore, Chikmagalur, Hampi, more
  9. Colleges and Universities: Visvesvaraya Technological University, more

 

Science and Technology

World’s most detailed scan of the brain’s internal wiring produced

World’s most detailed scan of the brain’s internal wiring produced

  1. The MRI machine has shown that the fibers that carries the brain’s thought processes. It’s been done in Cardiff, Nottingham, Cambridge and Stockport, as well as London England and London Ontario.
  2. He scanned me using Nottingham University’s powerful new 7 Tesla scanner. When we looked at the crisp, high resolution images, he told me, “I’m a physicist, so don’t ask me to tell you to whether there’s anything amiss with your brain – you’d need a neurologist for that.”
  3. Prof Derek Jones, CUBRIC’s director, said it was like getting hold of the Hubble telescope when you’ve been using binoculars.
  4. “The promise for researchers is that we can start to look at structure and function together for the first time,” Prof Derek Jones, CUBRIC’s director, said.

KEYS:

  1. England, birthplace of Shakespeare and The Beatles, is a country in the British Isles bordering Scotland and Wales
  2. The capital, London, on the River Thames, is home of Parliament, Big Ben and the 11th-century Tower of London
  3. It’s also a multicultural, modern hub for the arts and business
  4. Other large cities are Manchester, Birmingham, Liverpool, Bristol and the university centres of Oxford and Cambridge
  5. Capital: London
  6. Currency: Pound sterling
  7. Destinations: London, Manchester, Liverpool, Bath, Cambridge, more

 

Power Minister launches merit order dispatch of electricity App, portal for flexibility in coal supply for IPPs

  1. On Wednesday the Power Ministry launched a mobile application and a portal to help states select power producers through e-bidding to procure power by transferring to them domestic coal under the flexible utilisation of dry fuel policy.
  2. “The app and the web portal would result in optimum utilisation of Coal which would save the consumer close to Rs 20,000 crores five years down the line,” Goyal told reporters.
  3. Union Minister Piyush Goyal said, “Producers can reduce power costs by 10 paise a unit by rationalising coal supply made possible through the portal.” The e-bidding portal has been designed to facilitate states in inviting bids for procurement of power from the perspective independent power producers in transparent and fair manner. The successful bidder shall be selected through an e-reverse bid process.
  4. “Some years back, when coal linkage rationalisation was undertaken, it led to huge savings. This portal is again going to bring in improvement in savings. It will also provide flexibility in a transparent method of buying power,” said A K Bhalla, secretary, ministry of power.

KEYS:

  1. The Ministry of Power is an Indian government ministry
  2. The current Union Minister of State is Piyush Goyal
  3. Formed: 2 July 1992
  4. Jurisdiction: Government of India
  5. Headquarters: Shram Shakti Bhawan, New Delhi – 110 001
  6. Minister of state independent charge: Piyush Goyal
  7. Programs: Deen Dayal Upadhyaya Gram Jyoti Yojana, Domestic Efficient Lighting Programme

 

SPORTS

Arsenal break club record to sign France forward Alexandre Lacazette from Lyonc

Arsenal break club record to sign France forward Alexandre Lacazette from Lyonc

  1. “We are very happy to have Alexandre join our group. He has shown over a number of years that he can score goals and that he is a very efficient finisher,” Arsenal manager Arsene Wenger said in a statement.
  2. “As well, he has very interesting technical qualities and a strong character. So he is a guy who is a great addition for us, and someone who will help us challenge at the top level this season.”
  3. “I want to give 100 percent in every match. I want to show I`m worthy of the shirt. I want to do everything I can to make sure we win titles,” Lacazette told Arsenal`s website.
  4. “I am very pleased with the success of Alexandre, who, besides being one of Olympique Lyon`s best-ever strikers, is a charming player who I became very close to,” said Lyon president Jean-Michel Aulas in his club`s statement.

KEYS:

  1. France, in Western Europe, encompasses medieval cities, alpine villages and Mediterranean beaches
  2. Paris, its capital, is famed for its fashion houses, classical art museums including the Louvre and monuments like the Eiffel Tower
  3. The country is also renowned for its wines and sophisticated cuisine
  4. Lascaux’s ancient cave drawings, Lyon’s Roman theater and the vast Palace of Versailles attest to its rich history
  5. Capital: Paris
  6. Dialing code: +33
  7. President: Emmanuel Macron
  8. Prime minister: Édouard Philippe
  9. Currencies: Euro, CFP franc

 

Full cricket score, Australia vs Pakistan, ICC Women’s World Cup: AUS win

  1. The best performance of the India beat Sri Lanka by 16 runs in the ICC Women’s World Cup on Wednesday. Indian bowlers did a fine job as they did not let the Sri Lankans free their arms.
  2. For Sri Lanka, Dilani Manodara (61) scored the highest. For India, Poonam yadav was the pick of the bowlers as she finished for 2 for 23 in her 10 overs.
  3. With this victory over Sri Lanka, India have registered their fourth win on the trot. Deepti Sharma was adjudged the player of the match.
  4. Australia would have preferred to bowl Pakistan out and end proceedings much earlier, but Kristen Beams bowled well to pick up three wickets, finishing with figures of 3-23 from her nine overs, as did Gardner (3-28 off nine), while Aley (2-29 off 10) and Jonassen (1-12 off 10) were the other wicket takers.

KEYS:

  1. The ICC Women’s Cricket World Cup is the oldest and most prestigious international women’s cricket tournament
  2. It serves as the world championship for the sport’s One Day International format
  3. Current champion: Australia Women’s National Cricket Team
  4. Administrator: International Cricket Council
  5. First tournament: 1973 Women’s Cricket World Cup

 

 

AWARDS & RECOGNITION

Doha Bank wins 2 global awards

Doha Bank wins 2 global awards

  1. Doha Bank has received the ‘Best Regional Enterprise’ and the ‘Best Manager of Year for Excellence in Quality in Banking’ awards during the ‘International Conference: Excellence in Quality’ event held recently in Luzern, Switzerland.
  2. Doha Bank’s quality management focuses on three areas, ‘customer centricity and consistency’, ‘culture of innovation and entrepreneurialism’, and ‘implementing, execution, and testing of innovations’.
  3. “It is a great privilege to receive these awards. These awards are testament to Doha Bank’s excellent business reputation, effective management, and sustainable performance. Doha Bank has always been at the forefront of implementation of quality management measures in its day-to-day operations, which reflects in its strong performance over the years.”
  4. “By targeting the best practices that position our business to qualify for awards, we have optimised our company’s performance and established a culture of achievement that promotes sustainable growth,” Seetharaman said.

KEYS:

  1. Awarded for- Excellence in film and television
  2. Country- United States
  3. Presented by- Hollywood Foreign Press Association since 1943
  4. First awarded- January 20, 1944; 73 years ago

 

OBITUARY

Gene Conley, who won titles with Braves and Celtics, dies at 86

Gene Conley, who won titles with Braves and Celtics, dies at 86

  1. Gene Conley, who was the one of the players in history to win championships in two major professional sports, has died at the age of 86 years. The Boston Red Sox, for whom Conley played for from 1961-63, say he died Tuesday.
  2. His wingspan was so great that his fastball appeared “to come out of third base,” Al Hirshberg wrote in a 1955 profile in The Saturday Evening Post.
  3. “I could sling the ball good,” Conley said in an interview for this obituary in 2012. “I pitched nearly my whole career with just two pitches, and if you do that you usually don’t last too long.”
  4. “He called Red Auerbach and said, ‘I saw this skinny guy from Washington — you should give him a call,’” Conley said. “I had no idea who Red Auerbach or the Celtics were.”

KEYS:

  1. Donald Eugene “Gene” Conley was a Major League Baseball pitcher who played 11 seasons from 1952 to 1963 for four different teams
  2. Born: 10 November 1930, Muskogee, Oklahoma, United States
  3. Died: 4 July 2017, Foxborough, Massachusetts, United States
  4. Spouse: Kathryn Dizney (m. 1951–2017)
  5. Movies: A House of Sand
  6. Children: Diane Kathryn Quick, Gene Raymond Conley
  7. Education: Washington State University, Richland High School

 

IMPORTANT DAYS

July 7 1896 – Indian Cinema Is Born

July 7 1896 - Indian Cinema Is Born

  1. On July 7th 1896, the Lumiere Brothers showcased six films at the Watson Hotel in Mumbai (then Bombay) and this was the birth or the origin of the of Indian cinema as we know it today.
  2. The display of the film that has played that was on July 7th 1896 at the Watson Hotel in Mumbai and the ticket was priced at Re.1. This event of the screening is called as the “miracle of the century”.
  3. Commercial cinema too was mushrooming and some of the most popular commercial film in the 1950s and ’60s were Awaara (1951), Shree 420 (1955) Pyaasa (1957), Mother India (1957) Kaagaz Ke Phool (1959) and Mughal-e-Azam (1960).
  4. Commercial cinema continued to grow in the 1980s and 1990s and is today flourishing as one of the most popular and loved genres in Indian cinema today.

 

 

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

Leave a Reply

Your email address will not be published. Required fields are marked *