Tuesday, 27 June 2017

Daily Update On Current Affairs - June 27, 2017

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

PM Narendra Modi Meets Trump At White House

Prime Minister Narendra Modi met President Donald Trump at the White House on the 26th June 2017. In a special gesture, Trump and the first lady Melania came out on the South Portico of the White House to receive Prime Minister Modi. Trump and his wife warmly welcomed Modi and they exchanged pleasantries. Prime Minister Modi expressed gratitude for the warm welcome extended to him. He said the welcome extended to him was a welcome to 125 crore people of India. The two leaders had one-on-one talk for about 20 minutes.

US Designates Hizbul Chief Syed Salahuddin As Global Terrorist

The US today designated Pakistan-based Hizb-ul-Mujahideen chief Syed Salahuddin as a specially designated global terrorist. The move by the US state department came just hours before the first meeting between Prime Minister Narendra Modi and President Donald Trump at the White House. The move has been welcomed by India which said it underlines quite strongly that both the countries face the threat of terrorism. 

In Britain, Conservatives Reach An Agreement With Democratic Unionists To Support Theresa May's Minority Government

In Britain, the Conservatives have reached an agreement with the Democratic Unionists which will see them support Theresa May's minority government. The deal, which comes two weeks after the election resulted in a hung Parliament, will see the 10  Democratic Unionist Party (DUP) MPs back the Tories in key Commons votes. Under the agreement, there will be one billion pounds extra for Northern Ireland over the next two years. DUP leader Arlene Foster said the wide-ranging agreement was good for Northern Ireland and for the UK. The DUP said, it would apply for the lifetime of the Parliament, scheduled to last five years, but would also be reviewed at the end of the current session in two years time. As part of the deal, the treatment of military veterans in Northern Ireland will be improved while the triple lock guarantee of 2.5 percent spending on pensions, and existing universal winter fuel payments, will be maintained throughout the UK.

US Supreme Court Lifts Injunction On Trump’s Travel Ban

The US Supreme Court today partially lifted an injunction against President Donald Trump's travel ban. America's highest court also granted an emergency request from the White House allowing part of the refugee ban to go into effect. The Justices said they would consider in October whether Mr Trump's policy should be upheld or struck down. The order seeks to place a 90-day ban on people from six mainly Muslim nations and a 120-day ban on refugees.

Govt Defers Implementation Of TDS, TCS Under GST To Ensure Its Smooth Roll Out

The government has deferred implementation of Tax Deduction at Source, TDS and Tax Collection at Source, TCS provisions under GST to ensure its smooth rollout from 1st of next month. Finance Ministry in a statement said the decision to postpone the provisions was taken in view of the feedback received from trade and industry. It said persons who will be liable to deduct or collect tax at source will be required to take registration, but the liability to deduct or collect tax will arise from the date when the sections are brought into force.

World Bank Clears $250-Million Loan For Skill India Mission

The World Bank has cleared a USD 250-million loan to aid the Skill India mission. The loan amount would be used for making Indian youth more employable through reskilling. The USD 250 million Skill India Mission Operation (SIMO) is set to increase the market relevance of short-term skill development programmes (3-12 months or up to 600 hours) both at the national and state levels. It will help the government of India to better equip the young workforce with employable skills.

From July 1, Oil Companies To Carve Out Their Own Exploration Areas

July 1 will not only be about the biggest indirect direct tax reform — the Goods and Services Tax — but also about a new kid on the block in India’s hydrocarbon space: Open Acreage Licensing, which allows companies to cherry-pick their own areas for exploration. Like GST, OAL, another policy initiative of the previous UPA government, will be offered under the Hydrocarbon Exploration Licensing Policy. OAL will also mean the end of the story for the existing auction mechanism, the New Exploration Licensing Policy (NELP). Officials associated with the process say that if the trial run is anything to go by, OAL has already attracted the Exxons of the world, who have been keeping India low on their oil and gas exploration priority list.

Scientists Develop New Drought Resistant Plants

In a breakthrough, scientists, including one of the Indian-origin, have developed plants that have a better chance of surviving droughts by enhancing the natural ability of their leaves to preserve water. Researchers said, the new method has helped some plants survive 50 percent longer in drought conditions, and could eventually benefit major crops such as barley, rice and wheat, which are crucial to world food supplies. Researchers from Australian National University mapped a new molecular signalling pathway that controls the ability of plants to close the pores on their leaves to conserve water during drought stress.

Srinivas Gokulnath Becomes The First Indian To Complete 4,900-Km Cycle Race Across America In Solo Category

Srinivas Gokulnath from Maharashtra created history by becoming the first Indian to complete the 4,900-km cycle Race Across America, RAAM in the solo category. Considered to be the toughest cycle race in the world, he cycled for eleven days, 18 hours and 45 minutes. In a feat that marks the Indian arrival on the endurance cycling scene globally, another Maharashtrian, Dr. Amit Samarth followed Gokulnath at the finish line at Annapolis on American east coast around midnight today as per the Indian time. Among the nine men who finished, Gokulnath stood 7th while Samarth was right on his heels at number 8. The race was won by Christoph Strasser.

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