Thursday, 27 April 2017

Daily Update On Current Affairs - April 27, 2017

current affairs
Here's your daily summary of Current Affairs.

Uttar Pradesh Government Cancels 15 Government Holidays

Uttar Pradesh state government has canceled 15 public holidays marking the birth or death anniversaries of eminent personalities. Alternatively, on these days, the school and college students would be taught about these public figures through various programmes. Out of the 42 public holidays observed by the state, 17 pertained to birth anniversaries. The move was taken at the backdrop of increasing concern over the shrinking academic session due to increased holidays. It is held that in the state 220-day academic session has been reduced to only 120 days due to the celebration of such holidays. The previously ruled Samajwadi Party had declared holidays on the anniversaries of the following personalities: 
i. Former PM Chandrashekhar (April 17)
ii. Maharishi Kashyap, and Maharshi Nishadraj Jayanti (April 5),
iii. Hazrat Ajmeri Garib Nawaj Urs (April 26),
iv. Maharana Pratap Jayanti (May 9), and,
v. Death anniversary of Ambedkar (December 6).
The state government would soon publish the revised list of holidays.

Rajiv Bhatnagar Appointed CRPF Chief


IPS officer Rajiv Rai Bhatnagar has been appointed as the Director-General of the Central Reserve Police Force (CRPF). The appointment has come two days after 25 CRPF personnel were ambushed by Naxals in Chhattisgarh’s Sukma district. The CRPF was functioning without a head for the past two months after the retirement of K. Durga Prasad on February 28, 2017. Rajiv Rai Bhatnagar is a 1983 batch IPS officer belonging to the Uttar Pradesh cadre. He is the Director General of the Narcotics Control Bureau. In another key appointment, IPS officer R.K. Pachnanda has been named the director general of the Indo-Tibetan Border Police (ITBP). R.K. Pachnanda is a 1983 batch IPS officer of West Bengal cadre. He will take charge after the retirement of Krishna Chaudhary in June-end.

Nita Ambani Made Member Of IOC’s Important Commissions

Nita Ambani has been made a member of two important commissions of IOC’s governing body. She has been made a member of the prestigious Olympic channel and Olympic education Commission. Nita Ambani already holds the distinction of being India’s first woman International Olympic Committee member. She was elected as an individual member of International Olympic Committee (IOC) last year. She will serve the IOC till she turns 70. IOC has announced the composition of 26 commissions for 2017. The composition of the IOC commissions for 2017 has seen a 70% increase in female participation since September 2013. The commissions have also been constituted to reflect a broader geographical representation and include a number of new faces. Nita Ambani has replaced International Paralympic Committee President Philip Craven to be one of the 16 members of the Olympic Channel Commission headed by United States Olympic Committee Chairman Lawrence Francis Probst. 

The Olympic Channel is a digital channel which is estimated to cost about USD 600 million over the first seven years. It was launched last year during Rio Games. The channel aims to promote Olympic sports and values all round the year. The channel is based in Madrid. Nita Ambani is also named in the 24-member Olympic Education Commission headed by Barry John Maister of New Zealand. Olympic medallist Saina Nehwal continues to be on the IOC Athletes Commission after her appointment in October last year.

India To Host 18th World Road Meeting

The International Road Federation (IRF) has named India to be the host of the 18th World Road Meeting (WRM 2017). WRM 2017 will be held on November 13, 2017. The theme of this year’s WRM is ‘Safe Roads and Smart Mobility: The Engines of Economic Growth’. India has been chosen to hold this event to reflect the growing importance of the country as a market for transport infrastructure and services. India’s growing demand for surface transport and mobility requires massive investments in the transport infrastructure. The WRM will provide an important platform for potential investors to partner and participate in the immense opportunities that are made available by the country. In addition, it will also provide a platform for sharing cutting-edge research, best practices and experiences, from around the globe. The conference is expected to be attended by over 4,000 delegates across the world and will include plenary sessions with eminent and well-known speakers discussing important issues facing mobility sector. 

Somnath Temple, Charminar Among New Places Chosen For Swachh Iconic Places Initiative


The government has announced the names of ten new iconic places under the Phase II of Swachh Iconic Places initiative. Swachh Iconic Places (SIP) is an initiative of Ministry of Drinking Water and Sanitation under Swachh Bharat Mission. 

The ten new iconic places that will be undertaken in Phase II of Swachh Iconic Places initiative are: 
i. Gangotri, 
ii. Yamunotri. 
iii. Mahakaleshwar Temple (Ujjain), 
iv. Charminar (Hyderabad), 
v. Church and Convent of St. Francis of Assissi (Goa), 
vi. Adi Shankaracharya’s abode Kaladi in Ernakulam, 
vii. Gomateshwar in Shravanbelgola, 
viii. Baijnath Dham (Devghar), 
ix. Gaya Tirth (Bihar), and,
x. Somnath temple in Gujarat. 

The ten iconic places that are already under implementation in Phase I are: 
i. Ajmer Sharif Dargah, 
ii. CST Mumbai, 
iii. Golden Temple (Amritsar), 
iv. Kamakhya Temple (Assam), 
v. Maikarnika Ghat (Varanasi),  
vi. Meenakshi Temple (Madurai)
vii. Shri Mata Vaishno Devi (Katra, J&K),  
viii. Shree Jagannath Temple (Puri), 
ix. The Taj Mahal (Agra), 
x. Tirupati Temple (Tirumala).

SEBI Allows Options Trading In Commodity Derivatives; Bars Resident And Non-Resident Indians From Making Investments Through Participatory Notes

Capital market regulator, SEBI has allowed options trading in commodity derivatives. SEBI's board approved the proposal at its meeting in Mumbai, today. It also approved the issuance of a unified license to brokers for trading in equities and commodities markets. Aiming to promote digitalization, SEBI today said that investors will now be allowed to purchase mutual funds worth up to 50,000 rupees through digital wallets. In another decision, SEBI has now made it mandatory for companies raising over 100 crore rupees to appoint a monitoring agency. Earlier, companies raising more than 500 crore rupees through IPOs or Initial Public Offer were required to appoint a monitoring agency. Meanwhile, with an aim to curb the flow of illicit funds; SEBI has decided to bar resident as well as non-resident Indians from making investments through participatory notes.

Sensex And Nifty Both Hit Record Closing Highs; Rupee Again Scales A Multi-Month Peak Against The Dollar

The bulls were in full control of the domestic stock markets, today, as both the Sensex and the Nifty hit record closing highs, while the rupee again scaled a multi-month peak against the dollar. The Sensex at the Bombay Stock Exchange surged 190  points, or 0.6 percent, to a record closing high of 30,133. This is the first time the Sensex has closed above the 30,000 mark. The Nifty at the National Stock Exchange jumped 45 points, to settle at a fresh lifetime peak of 9,352. At the forex market, the rupee rose for the third straight session, strengthening 15 paise, to an end near a fresh 21-month high of 64.11 against the dollar. But gold plunged 250 rupees, to 29,350 rupees per ten grams in Delhi. And Brent crude oil futures slipped 0.2 percent, to 51.99 dollars a barrel.

Rajasthan Passes State GST Bill

In Rajasthan, the state Assembly today passed the Rajasthan Goods and Services Tax Bill 2017, becoming the third state after Telangana and Bihar to pave the way for the rollout of the GST from July 1. Industry Minister Rajpal Singh Sekhawat tabled the bill in the special session of the House today. After a long discussion, the house adopted the bill by voice vote.

Center Has No Plans To Impose Tax On Agricultural Income, Clarifies Finance Minister Arun Jaitley


Union Finance Minister Arun Jaitley has categorically stated that the Central Government has no plan to impose any tax on agricultural income. In a statement, Mr. Jaitley said, he has read the paragraph in NITI Aayog's Report entitled 'Income tax on Agriculture Income'. Clearing any confusion on the subject, the Minister said, as per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose a tax on agricultural income.

China Launches First Indigenously Built Aircraft Carrier

China has launched its first indigenously built aircraft carrier following the 68th-anniversary celebrations of the founding of the Chinese navy. It is China’s second aircraft carrier built in the north-eastern port of Dalian. The new aircraft carrier will be able to operate China’s Shenyang J-15 fighter jets and will be more dedicated to military and humanitarian operations. The design of the new aircraft carrier has been obtained from China’s first aircraft carrier, the Liaoning, which was bought second-hand from Ukraine in 1998 and refitted in China.

Belgium Opens Honorary Consulate In GIFT

Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. Belgium already has two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata. The consulate was inaugurated by Belgian Secretary of State for Foreign Trade, Pieter De Crem. Hari Sankaran, Vice-Chairman, and MD, Infrastructure Leasing & Financial Services (IL&FS), has been nominated as Honorary Consul of the Kingdom of Belgium to the state of Gujarat. Gujarat and Belgium have strong historic ties surrounding the diamond industry.

Manpreet Kaur Wins Shot Put Gold At Asian Grand Prix, Sets New National Record

Shot putter Manpreet Kaur broke her own 2015 national record at the Asian Grand Prix in Jinhua, China. Her performance in the event has helped her to earn a gold medal and qualify for the World Championships to be held in London in August 2017.  Her outstanding performance in the first leg of the Asian Grand Prix has helped her to reach No 1 spot in the world rankings. Manpreet Kaur's performance at the event was overwhelming. Her throw is adjudged as the best by any shotputter this year. In addition, her throw was 32 centimeters more than the Rio Olympic gold medallist Michelle Carter. Kaur had become the first Indian woman to qualify for the shot put event at the Rio Olympics. But she managed to finish only 23rd in Rio. Overall, India managed to bag seven medals including one gold, four silver and two bronze at the event. Two silver medals were secured by Tintu Lukka and Jinson Johnson. Shot putter Om Prakash managed to claim bronze with a distance of 18.41m. India’s world junior champion in Javelin, Neeraj Chopra managed to win silver. Long jumper Neena Varakil has claimed silver and the national record holder in 100m sprint, Dutee Chand bagged bronze for the team.


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