Monday, 10 April 2017

Daily Update On Current Affairs - April 9, 2017

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Here's your daily summary of Current Affairs.

India and Bangladesh Sign 22 Agreements

India and Bangladesh have signed 22 agreements in various fields such as defence, nuclear cooperation, judicial sector, earth sciences, navigation, peaceful uses of outer space, to boost bilateral cooperation. These agreements were signed in presence of Prime Minister Narendra Modi and Bangladesh Prime Minister Shiekh Hasina in New Delhi after delegation level talks. India also announced concessional Line of Credit (LoC) of 4.5 billion to Bangladesh for projects in priority sectors. Moreover, India also gave LoC of 500 million to Bangladesh for defence purchases. 

Some of the agreements signed are:
MoU on Defence Cooperation Framework 
MoU on Bilateral Judicial Sector Cooperation 
MoU for extending Defence LOC of $500 million
MoU on Cooperation in the Field of Mass Media
MoU on Cooperation in the area of Cyber Security
MoU concerning Cooperation on Aids to Navigation
MoU on Cooperation in the Peaceful Uses of Outer Space
MoU for Extending a 3rd Line of Credit (LoC) by GoI to GoB 
Agreement on Cooperation in Peaceful uses of Nuclear Energy
MoU on cooperation in the field of Information Technology and Electronics
MoU on establishing Border Haats across the border between India and Bangladesh
Agreement for the Regulation of Motor Vehicle Passenger Traffic (Khulna-Kolkata route)
Inter-Agency Agreement on Cooperation regarding Nuclear Power Plant Projects in Bangladesh MoU on Mutual Scientific Cooperation in the field of Earth Sciences for Research and Development

The Union Agriculture Ministry Has Joined Hands With The National Remote Sensing Centre (NRSC)

The Union Agriculture Ministry has joined hands with the National Remote Sensing Centre (NRSC), a wing of Indian Space Research Organisation (ISRO) for geo-tagging agricultural assets.  In this regard, Agriculture Ministry under the Rashtriya Krishi Vikas Yojna (RKVY) and NRSC have NRSC signed a Memorandum of Understanding (MoU). 

Key Facts: The move will help bring transparency in governance due to real-time monitoring and effective utilisation of agricultural assets such as ponds, crop area, warehouses and laboratories etc. At present, officials provide information on the assets manually, so there is no transparency. Geo-tagging will provide realistic status of assets. It will not only help in monitoring and utilising assets but will be useful in formulating schemes for development in the agricultural sector. It will also help in avoiding duplication of data. Utilisation of space technology will help farmers to further get access to pesticide testing labs, storage infrastructure, and market-related information.

Geotagging: It is the process of adding geographical identification like latitude and longitude to various media such as a photo or video. It helps user to find a wide variety of location-specific information from a device. It provides users the pinpoint location of the content of a given picture.

Geomapping: It is a visual representation of the geographical location of geotagged assets layered on top of map or satellite imagery.

India Ranks 9th In Corruption In Business: EMEIA Fraud Survey

According to EY Europe, Middle East, India and Africa (EMEIA) Fraud Survey 2017, India ranks 9th among 41 surveyed countries in bribery and corrupt practices in businesses. India’s ranking has improved marginally from the survey findings in 2015 when India was at the 6th position. It has improved due to better regulatory scrutiny and emphasis on transparency and governance. 

Key Facts: In this edition of the survey, India ranked behind Ukraine, Cyprus, Greece, Slovenia, Croatia, Kenya, South Africa and Hungary. The survey noted that nearly 78% respondents in India have mentioned that bribery and corrupt practices happen widely in businesses. The findings in the survey also revealed that nearly 41% of Indian respondents are prepared to act unethically to enhance their own career. Over 13% respondents in India are prepared to provide false information to improve their career or pay. 58% stated that loyalty towards company prevents employees from reporting fraud, bribery or corruption. The uncertainties in business environment, augmenting pressure to meet financial targets and aspirations to achieve unprecedented career growth are driving employees to justify unethical workplace behaviour. Organisations should encourage millennials to strengthen their moral compass, communicate importance of upholding ethical standards and develop programmes to motivate future leaders make right choices in life. Globally, 1 in 5 respondents said they would be prepared to act unethically for their careers. It calls for improved enforcement action to restore confidence in businesses.

Russia Accuses United States Of Violating International Law By Carrying Out Military Strikes In Syria

Russian envoy at the United Nations has accused the United States of violating international law by carrying out military strikes in Syria. Deputy Ambassador Vladimir Safronkov told the UN Security Council that Washington attacked the territory of sovereign Syria. He described the attack as a flagrant violation of international law and an act of aggression. The Council held an emergency session yesterday after the US launched a barrage of missile strikes on a Syrian air base in retaliation for a suspected chemical attack.

India Enters The Playoff Of Davis Cup World Group

India, on the 8th April 2017, sealed their place in the Davis Cup World Group Tennis Play-offs with Rohan Bopanna and N Sriram Balaji routing their rivals with clinical precision for an unassailable 3-0 lead against Uzbekistan. Bopanna and debutant Balaji beat the Uzbek pair of Farrukh Dustov and Sanjar Fayziev 6-2, 6-4, 6-1 in the doubles rubber of Davis Cup Asia/Oceania Group-I tie at the KSLTA stadium in Bengaluru. The World Group Play-offs will be held in September.

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