Here's your daily summary of Current Affairs.
Labour Ministry Proposes Labour Code To Provide Social Security Cover To All Workers
ii. The Code on Social Security & Welfare seeks to simplify, rationalize, consolidate, and amend the laws relating to the social security of workforce so as to make them less complex for easier comprehension, implementation, and enforcement.
iii. Preliminary draft of the Code on Social Security & Welfare has been prepared by amalgamating all existing Labour Laws related to Social Security (total 15 Labour Laws including EPF Act, ESI Act, Maternity Benefit Act, Payment of Gratuity Act, Employees Compensation Act, Unorganised Social Security Act, and various Welfare Cess /Fund Acts).
iv. This is for the first time that the ministry has formulated a code to cover agricultural workers along with self-employed people and target to provide social security benefits to 45 crore workers.
Sports Minister Vijay Goel Addresses Global Millennium Summit At Dubai
ii. The Summit has been organized by the Shri Ram College of Commerce (SRCC), The University of Delhi in association with the Office of International Programmes, SRCC and IIM-Ahmedabad.
iii. While addressing the gathering, Vijay Goel who himself is part of the alumni of the SRCC college, praised the role and dynamism of today’s youth and said that today’s youth are full of spark and they have written their fate themselves.
iv. He said that a National Youth Policy has been launched in 2014 replacing the previous National Youth Policy, 2003 for the youth of India.
v. The new policy empowers the youth of the country to achieve to their full potential, and through them enable India to find its rightful place in the community of nations.
vi. He also highlighted the strong bond of friendship between India and UAE and said that Dubai is fast emerging as the hub of business, trade and innovation and the pivot of the different cultures of the world.
About the Global Millennium Summit
i. The Global Millennium Summit is a first-of-its-kind initiative where an Indian institute has organized an International Summit. The theme of the summit is ‘Future of this Millennium’.
ii. The Summit aims to provide the youth across the world with a platform to discuss, act and interact.
iii. The Summit will consist of panel discussions, workshops, competitions and keynote speaker sessions revolving around the theme.
iv. Students from the world’s leading universities and notable leaders from the fields of governance, business, technology and academia are participating in the Summit.
29 Lakh Debit Cards Subjected To Malware Attack Through ATM
ii. A report by Commercial bank stated that 2.9 million cards that were used at ATMs connected to switch of Hitachi were subjected to malware attack in 2016 but the data of only 3,291 cards faced unauthorized use.
iii. RBI also informed that Hitachi Payment Services (HPS) appointed SISA Infosec for PCI forensic investigation. The final report suggested that the ATM infrastructure of HPS was breached and the data between May 21 and July 11, 2016, were compromised but not the POS (point of sale) infrastructure.
iv. The RBI has advised banks to improve and maintain customer awareness and education with regard to cyber security risks.
v. RBI has also set up a Cyber Security and IT Examination (CSITE) Cell within its Department of Banking Supervision in 2015.
RBI Gets Centre’s Nod To Print Rs 10 Plastic Notes
ii. RBI got the approval to go ahead with the procurement of the requisite plastic substrate material for printing of Rs. 10 denomination notes. Substrate refers to the underlying substance or layer on which currency is printed.
iii. This information was shared by Minister of State for Finance Arjun Ram Meghwal in the Lok Sabha on March 17, 2017.
iv. The field trial will take place across five cities having diverse geographical and climatic conditions. These cities include Kochi, Mysore, Jaipur, Shimla, and Bhubaneswar.
Rs 10 Plastic Notes:
i. Plastic notes are expected to last longer than cotton substrate based banknotes.
ii. Plastic notes are difficult to imitate and have a longer lifespan.
iii. Such notes were first introduced in Australia to safeguard against counterfeiting.
UBI Gets Rs. 418-Cr Capital Infusion From Centre
ii. The bank said that the proposal for allotment of equity shares of face value of Rs 10 each at a premium to the Central Government through preferential allotment will be placed before the board of directors at a meeting scheduled on March 27.
Aeries Financial Tech Announces Strategic Tie-Up With Rubique
ii. Under the partnership, Rubique will enlist CASHe on its online platform for borrowers to avail viable short-term loan products from CASHe.
iii. CASHe disburses multiple loan products ranging from Rs 5,000-1 lakh payable over 15, 30 and 90 days.
i. CASHe is an Indian loan giving app promoted by fin-tech company Aeries Financial Technologies, for young salaried professionals. Within a period of less than a year of its operations, the app now disburses loans over Rs 1 crore per day.
ii. CASHe is India’s most preferred fin-tech company in the personal lending space, with an average loan processing crossing 500 loan applications per day.
India & Russia Ink Long-Term Support Contract On Sukhoi Su-30MKI
ii. The agreement was signed by UAC President Yuri Slyusar, UEC Director General Alexander Artyukhov and HAL Chairman Suvarna Raju in presence of Finance-Cum-Defence Minister Arun Jaitley and Russian Industry and Trade Minister Denis Manturov.
iii. The objective of having long-term supply agreements is to increase the efficiency of aircraft maintenance support and to ensure licensed production and strengthen the operational availability of the Sukhois.
iv. The agreement involves the long-term supply of spares and rendering technical assistance for five years for Su-30 MKI aircraft at an expected cost of $300 million.
v. The agreement will include the after-sales service of 200 Su-30MKI which may be extended to the full contracted 272.
Boeing Signs $3.4 Bn Deal With US Govt For AH-64E Apache Helicopters
ii. The contract to acquire AH-64E Apache will span over a period of five years.
iii. Under the agreement, the US Army will get 244 remanufactured Apaches while the international customer will receive 24 new ones.
iv. This is the first multi-year agreement for the Apache “E” variant. Boeing did not name the international customer.
11 Indian Women Awarded With ‘Women Icons’ Award In Singapore
The award was organised by Business Excellence & Research Group Pte Ltd and supported by Nanyang Technological University of Singapore.
i. Among the award winners was Vandana Sharma who served for a decade in the Indian Armed Forces and also ventured into the corporate world. She currently mentors a lot of young start-up founders on building effective organisations.
ii. Another winner, Revathi Siddhartha Roy holds several ‘Women Empowerment’ campaigns. Though she has a Masters in Economics, she drove a taxi for 10 months in Mumbai to support her family after her husband died in 2007.
iii. Roy now runs a training school named Zaffiro Learning for women to learn to ride two-wheelers and serves as a “last mile” delivery person for e-commerce companies.
iv. Joining the awards was Dr. Srimathy Kesan, who motivates children to take up Aerospace and Aeronautics subjects at her Chennai-based company, Space Kidz India. Her students have built and shipped to NASA a cube satellite which will be launched on a US rocket.
v. Other winners include; Dr. Aparna Hegde of ARMMAN, Deepshikha Kumar of SpeakIn, Kanika Gupta Shori of Square Global, Minal D’Rozario of Ideosphere, Mini Dwivedi Gopinathan of PlayStreet Specially Abled Educare Trust, Saloni Mardia Kothari of Mtlexs Online, Sonia Kulkarni of Ketchum Sampark PR, and Swati Nathani of Team Pumpkin.
Trivendra Singh Rawat Sworn In As New Chief Minister Of Uttarakhand
ii. The other members who took oath include; Satpal Maharaj, Harak Singh Rawat, Madan Kaushik, Arvind Pandey, Subodh Uniyal, Yashpal Arya and Prakash Pant who have been made Cabinet ministers.
iii. Besides, Rekha Arya and Dhan Singh Rawat also took oath as ministers of state.
iv. Rawat is the 8th Chief Minister of Uttarakhand and 5th BJP Chief Minister of the state.
Former Gujarat BJP MLA Manhar Valji Bhai Zala Appointed Head Of Safai Karamcharis Commission
ii. Besides, Manju Diler from Uttar Pradesh and Dilip Kallu Haathived from Maharashtra have been appointed as the members of the NCSK.
iii. The NCSK did not have a head after the retirement of the chairperson and other members on March 31, 2016.
About National Commission for Safai Karamcharis (NCSK):
i. The NCSK is an Indian statutory body established in 1994 to promote and safeguard the interests and rights of safai karamcharis.
ii. The government had extended the tenure of the Commission for another three years from April 1, 2016.
About Manhar Valji Bhai Zala:
i. Zala is a former MLA from Jamnagar who has been associated with the BJP since 1991. He was the mayor of Jamnagar from 2005 to 2008.
ii. He also served as the Gujarat vice-president of Anu Suchit Jati Morcha from 1999 to 2004 and was the Director of Safai Kamdar Vikas Nigam in Gandhinagar in 2014.
Parliamentary Panel Suggests Merging BSNL & MTNL
ii. The decision regarding the merger was taken by the Committee on Petitions chaired by BJP MP Bhagat Singh Koshyari in Lok Sabha.
iii. The panel said that the merger would give both the entities a chance for competing against private sector players.
iv. The committee was formed to take necessary steps for the improvement in services provided by Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL).
v. The Department of Telecom (DoT) informed the panel that both the public sector firms are in financial losses and are facing declining revenues from the loss of market share and increasing expenditure.
i. Bharat Sanchar Nigam Limited (BSNL) CEO: Shri Anupam Shrivastava
ii. Mahanagar Telephone Nigam Limited (MTNL) CEO: Pravin Kumar Purwar
Arunachal Teen Develops Goggles To Help Visually Impaired
ii. Tadar was awarded the Dinanath Pandey Smart Idea Innovation Award for inventing the gadget named Goggle for Blind (G4B).
iii. Impressed by his innovation and keen to launch it in the market, the National Innovation Foundation, set up by the Department of Science and Technology, has asked Anang to create a few prototypes for the visually impaired to test.
iv. The Arunachal Pradesh government has assured all financial support to Tadar so that he can continue with his innovation to make it easier to handle and is able to produce it on a large scale.
About the G4B Goggle:
i. The technology used to make the gadget is similar to what is used in parking sensors used in cars.
ii. There are two ultrasound sensors on the left and right of the goggles to detect obstacles while there is an infrared sensor in the middle of the gadget to detect obstacles in case both the ultrasound sensors fail.
iii. The goggles could be used by visually impaired to detect any obstacles on all sides within a distance of two metres without using a stick.
iv. When an obstacle is detected, a beep sound is heard through the audio output along with vibration to alert the person. With the intensity of the beep and vibration, the person could know how far and near the obstacle is.
ICRISAT & ICAR Collaborates For Crop Improvement
ii. The aim of the agreement is to strengthen their partnership to benefit the Indian as well as the global farmers.
iii. The core area of research in the agreement includes climate, smart crops, smart food and digitalisation of the breeding database. Dryland cereals and grain legumes are branded as smart foods.
iv. Other areas of focus over the next three years include; Integrating systems modelling tools enabling informed decisions for upscaling climate resilient agriculture, developing genetic and genomic resources of finger millet and enhancing genetic gains for priority traits.
v. On the crop improvement front, the agreement will also facilitate research activities on transgenic pigeonpea and chickpea for insect resistance.
Indian Council of Agricultural Research (ICAR)
i. The Indian Council of Agricultural Research is an autonomous body responsible for coordinating agricultural education and research in India. It reports to the Department of Agricultural Research and Education, Ministry of Agriculture.
ii. Founded: 16 July 1929
iii. President: Radha Mohan Singh
Former Car Racer Ashwin Sundar Died In Car Accident
ii. As per the Chennai Police, Sundar and Niveditha who lived in Alapakkam near Porur were returning home after meeting a friend and died on the spot after their BMW hit a tree and burst into flames around 3:30 a.m.
iii. The bodies have been sent to the nearby hospital for post-mortem. Further details are awaited.
iv. Ashwin, 27, was the national champion in LGB Formula 4 category in 2012 and 2013. He had also won the MRF Formula 1600 International Challenge competition on two occasions.
v. His wife Nivedha, 26, was a doctor at a private hospital.
Nobel Laureate Poet And Playwright Derek Walcott Passes At 87
ii. He won the Nobel Prize for Literature in 1992 and the TS Eliot Prize for Poetry in 2011.
iii. Among his best-known collections are- In A Green Night: Poems 1948 – 1960 and the epic Omeros, inspired by Homer’s Iliad and Odyssey.
iv. In his later life, Walcott acted as Professor of Poetry at the University of Essex from 2010 to 2013.
US State Kansas Declares March 16 As ‘Indian American Appreciation Day’
ii. Srinivas Kuchibhotla (32) was killed when 51-year-old U.S. Navy veteran Adam W. Purinton opened fire at him and his friend Alok Madasani at the Austins Bar & Grill in Olathe. However, Mr. Madasani and an American national Ian Grillot were injured in the attack.
iii. Before starting to shoot, Purinton shouted at them “Get out of my country” believing them to be Arabs.
iv. Kuchibhotla of Hyderabad and his colleague Madasani from Warangal district in Telangana were working as aviation programme managers at Garmin Ltd, an MNC in the United States.
v. Purinton has been charged with first-degree murder and two counts of attempted first-degree murder. The Federal Bureau of Investigation (FBI) is investigating the shooting as a hate crime.