Monday, 27 March 2017

Daily Update On Current Affairs - March 25, 2017

Current Affairs

Here's your daily summary of Current Affairs.

Parliament Passes The Employees Compensation (Amendment) Bill

The Parliament has passed The Employees Compensation (Amendment) Bill, 2016. The Bill amends the Employee’s Compensation Act, 1923. It ensures compensation up to Rs 1 lakh to an employee if injured in an industrial accident and imposes hefty penalty in case of any violation by the employers. 

Salient features of the Bill
Mandatory for employers to inform the employee of his right to compensation under the Act. Such information must be given in writing at the time of employing him. Employer will be penalised if he fails to inform his employee of his right to compensation. Such penalty may be between Rs. 50,000 to Rs. 1 lakh. Raises amount in dispute related to compensation, distribution of compensation, award of penalty or interest, etc to Rs. 10, 000. It permits the central government to further raise this amount. Provision of withholding payments pending appeal if an employer has appealed against a Commissioner’s order has been deleted.

Government To Enact Law To Enforce Dam Safety Regulations

The Union Water Resources Ministry has drafted new dam safety bill to contemplate an institutional mechanism to improve safety of around 5300-odd dams across in India. The new law has been vetted by the Union Law Ministry. It will now go to the Union Cabinet for approval before its introduction in Parliament. 

Need for such law
There are around 4900 large dams in India and several thousand smaller ones. However, large reservoirs and water storage structures, in the past few decades, are not seen as a model of safety. The failure of these dams due to lack of safety could cause massive disaster such as the 1979 Machchu dam failure in Morbi, Gujarat, in which estimated 25,000 people were killed. Recent analysis of the state of India’s dams also has found that half of them did not meet contemporary safety standards. So there is need of much stricter safety criteria.

SBI Chairperson Amongst Top Forbes List For 2017

The  Chairperson of the country’s largest Bank, State Bank of India, Ms Arundathi Bhattacharya, has been ranked No 26 amongst the World’s Top Leaders of 2017.

World Bank Aid For Uttarakhand

The World Bank has extended an aid of US$ 100 million to the Centre and the state of Uttarakhand for extending health care services in all the 13 districts of the state. 

The aim of the agreement is to provide affordable, quality health care to all sections of the society in the state and also reduce the financial risk for its citizens.

Tata Capital Launches Mobile App For Personal Loans

Tata Capital has launched a mobile app 'my loan' to grant personal loans to the young and tech savvy persons in the country. The maximum loan available is Rs 13 lacs. It is a social media app much on the lines of Facebook and LinkedIn. It will make a real time assessment of the applicant through a combination of algorithms using a mix of social, digital and financial data.

March 24: World TB Day

The World Tuberculosis Day (WTD) is observed every year on March 24 to raise public awareness about the global epidemic of Tuberculosis (TB) and efforts to eliminate the disease. WTD is observed to commemorate discovery of Mycobacterium tuberculosis, bacillus (bacteria) causing TB on 24th March, 1882 by German microbiologist Dr Robert Koch. This discovery had opened the way towards diagnosing and curing TB. It is one of eight official global public health campaigns observed by the World Health Organization (WHO).

March 23: World Meteorological Day

The World Meteorological Day (WMD) is observed every year on 23rd March to mark establishment of World Meteorological Organization (WMO) on this day in 1950.

2017 Theme: 'Understanding Clouds'
It seeks to highlight the enormous importance of clouds for weather climate and water. They play a critical role in the water cycle and shaping the global distribution of water resources. Clouds are central to weather observations and forecasts. Clouds are one of the key uncertainties in the study of climate change. On this occasion, World Meteorological Organisation (WMO) launched new edition of the International Cloud Atlas. It is a treasure trove of hundreds of images of clouds, including a few newly classified cloud types and is single authoritative and most comprehensive reference for identifying clouds. It also features other meteorological phenomena such as rainbows, halos, snow devils and hailstones. This Atlas for the first time has been produced in a digital format and is accessible via both computers and mobile devices.

Scientists Develop Solar-Powered Skin For Prosthetic Limbs

Researchers from University of Glasgow have developed new prototype prosthetic limbs having solar-powered skin. The solar-powered skin will give amputees with prosthetic limbs a better sense capabilities of touch, temperature and texture compared to battery powered prosthetics. 

Key Facts: The new technology involves installing a thin layer of pure carbon around a prosthetic arm, hand or leg. This allows light to pass through it and be easily used as solar energy. The sun can provide up to 15 times more energy than is usually needed to power a prosthetic limb. This extra and renewable energy can be used to power sensors. These sensors can increase sense and feeling in a limb, so much so that the prosthetic can feel pressure, temperature and texture like natural skin. The technology also has potential to increase the functionality of robots, allowing them to have a better understanding of what they touch.

Sea Ice Hits Record Winter Low At Both Poles

According to US and European scientists, the extent of sea ice at both poles has hit new record lows for this time of the year. The disappearing sea ice comes as the Earth marks three consecutive years of record-breaking heat and temperature rise, raising fresh concerns about the accelerating pace of global warming.

Show Cause Notice To Kolkata Knight Riders Sports, Actor Shah Rukh Khan And Others For Violating FEMA Guidelines

The Enforcement Directorate has issued show cause notice to the Kolkata Knight Riders Sports, actor Shah Rukh Khan, his wife Gauri Khan and actress Juhi Chawla for violating the guidelines of the Foreign Exchange Management Act. The notice has been issued for the loss of foreign exchange of over 73 crores rupees in sale of shares of Kolkata Knight Riders. The Directorate has asked them to reply within 15 days.
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