Friday, 7 July 2017

Current Affairs July 07, 2017

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India ranks 23rd among 165 nations in cyber security index  
      
current affairs 2017, current affairs today, current affairsIndia is ranked a high 23rd out of 165 nations in a global index that measures the commitment of nations across the world to cybersecurity. The second Global Cybersecurity Index (GCI) released by the UN telecommunications agency International Telecommunication Union (ITU). India is ranked 23rd on the index with a score of 0.683 and has been listed in the maturing category, which refers to 77 countries that have developed complex commitments to cybersecurity and engage in cybersecurity programmes and initiatives. The index has been topped by Singapore with a 0.925 score.

India Israel CEOs forum sets a target to increase bilateral trade from 5 to 20 Billion US Dollars in 5 years     

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The India-Israel CEOs forum met for the first time in Tel Aviv today. Prime Minister Narendra Modi addressed the forum where around 30 CEOs from two countries participated.  The CEOs Forum has set a target to increase the bilateral trade from the current 5 Billion US Dollars to 20 Billion US Dollars within 5 years. The Forum also set up 6 Joint Committees covering StartUps, Pharma and Life Sciences, Homeland Security, Agriculture, Energy and Water sectors. The MEA spokesperson said that India is being placed as a global manufacturing hub. The India-Israel StartUp Bridge was launched to encourage StartUps of the two countries, to work together and come up with innovative solutions to tackle challenges in Agriculture, Water and Healthcare sectors. Earlier Mr. Modi and Israeli Prime Minister Benjamin Netanyahu together launched the India Israel innovation bridge at the innovation exhibition. The innovation bridge will function under the ambit of invest in India and StartUp India with cooperation from the Israeli government. The hub will invite competition from Indian and Israeli startups over a period of 9 months in the areas of agriculture, water conservation and digital health.

Navies of India, US and Japan to participate in Malabar exercise today

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Naval ships, aircrafts and personnel from India, Japan and the United States will participate in the 10-day long Malabar exercise beginning today. The exercise will feature both ashore and at-sea training. Malabar 2017 is the latest in a continuing series of exercises that has grown in scope and complexity over the years to address the variety of shared threats to maritime security in the Indo-Asia Pacific. India's aircraft carrier INS Vikramaditya, Japan's largest warship JS Izumo and super-carrier Nimitz of the United States will be part of the exercise. A number of other frontline ships, submarines and fighter jets of the three countries will be part of the drill.

Saudi, allies slam Qatar's non-compliance as threat to security  

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Saudi Arabia and its allies have criticised Qatar's refusal to accept conditions to end the Gulf's biggest diplomatic crisis in years as a threat to regional security. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain said Qatar's rejection of a list of demands they set to lift sanctions on Doha reflects its intention to continue its policy, aimed at destabilizing security in the region.

BMI Research: India to have a GDP Growth of 6.9% in this Fiscal         
  
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According to BMI Research, a Fitch group company, India is expected to register a growth of 6.9% in this financial year. BMI Research was founded in 1984 by Business Monitor International and later in 2014, it was acquired by Fitch Group. The firm performs industry and financial market analysis in 24 industries and 200 global markets.

India to be base to economic pole of global growth: Harvard University  
        
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According to the research conducted by the Centre for International Development at Harvard University (CID), India will be the base of the economic pole of global growth over the coming decade. The study has stated that over the years, the economic pole of global growth has moved from China to neighbouring India and it is likely to remain over India in the coming decade. The study has attributed India’s rapid growth prospects to the diversification of the country’s export base which now includes more complex sectors such as chemicals, vehicles and certain electronics. The study further states that India is also particularly well-positioned to continue diversifying into new areas


EPFO signs Agreement with Five Banks    
    
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The Employees’ Provident Fund Organisation (EPFO) has inked an agreement with four private banks and Bank of Baroda for the purpose of collection of provident fund dues from the employers and payments to its subscribers. This is the first time the EPFO has roped in private banks, namely, ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank. Earlier, the EPFO was making use of the services of only the state-run banks. This move of the EPFO will help the organisation to save nearly Rs 300 crore per year as the five banks have agreed to zero transaction charges.

RBI considering setting up a Public Credit Registry 
          
current affairs 2017, current affairs today, current affairsThe Reserve Bank of India (RBI) may consider setting up a Public Credit Registry (PCR), which will be an extensive database of credit information for India that is accessible to all stakeholders. According to Viral Acharya, Deputy Governor, Reserve Bank of India, a PCR, if put in place, it will help in credit assessment and pricing by banks; risk-based, dynamic and countercyclical provisioning at banks; supervision and early intervention by regulators; understanding if transmission of monetary policy is working, and if not, where are the bottlenecks; and, how to restructure stressed bank credits effectively. “Generally, a PCR is managed by a public authority like the central bank or the banking supervisor, and reporting of loan details to the PCR by lenders and/or borrowers is mandated by law.


Bank customers won’t have to bear loss from fraudulent transactions: RBI   

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The Reserve Bank of India today said that customers will not suffer any loss if unauthorised electronic banking transactions are reported to the bank within three days thus putting the onus of such transactions largely on the banks. The amount involved will be credited in the accounts concerned within 10-days. In case the third party fraud is reported with a delay of four to seven working days, a customer will face liability of up to ` 25,000. In a notification on its website on 'Customer Protection Limiting Liability of Customers in Unauthorised Electronic Banking Transactions', the apex bank said in cases where the loss is due to negligence by the account holder such as sharing of payment credentials, the customer will bear the entire loss until the unauthorised transaction is reported to the bank.

NASA tests flexible solar array on space station     

current affairs 2017, current affairs today, current affairsNASA is testing for the first time the effectiveness of a flexible solar array on space station that could one day power satellites and spacecraft. The Roll-Out Solar Array, or ROSA, an advanced, flexible solar array that rolls out like a tape measure “can be easily adapted to different sizes, including very large arrays, to provide power for a variety of future spacecraft,” NASA said. It also has the potential to make solar arrays more compact and lighter weight for satellite radio and television, weather forecasting, GPS and other services used on the Earth. In addition, the technology conceivably could be adapted to provide solar power in remote locations.


Asian Athletics Championships 2017: Manpreet Kaur and Govindan Laxman win Gold

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Manpreet Kaur and Govindan Laxman have won gold medals on the opening day of Asian Athletics Championships held at Kalinga Stadium of Bhubaneshwar. Manpreet Kaur threw 18.28m to win a gold medal in the women’s shotput event. Her best was a record breaking throw of 18.86m at the Asian Grand Prix in China earlier this year. Vikas Gowda, though failed to defend his title in the men’s discus throw has managed to win a bronze medal in the men’s discus throw with an effort of 60.81m. His throw was way below his seasons best of 62m. Govindan Laxmanan has won a gold medal in the men’s 5000 metres. In the last edition of the event held at Wuhan in China, Laxman had won a bronze medal.

India ranked 96th in FIFA Rankings     

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As per the updated FIFA world football rankings, the Indian national football has managed to secure the 96th spot moving up four places. Earlier, India was placed at the 100th position. This is the best ranking secured by India in 21 years. India had ranked 101st in the FIFA rankings for April. The current ranking is far better off than the 173rd rank secured in March 2015. Since the beginning of the world ranking system, India has been averaging at the 134th rank. In 1996, India managed to secure the 94th spot. Till date, it remains the country’s best ever FIFA ranking. At present, Germany leads the rankings. Germany is followed by Brazil, Argentina, Portugal, and Switzerland in the rankings. Among Asian countries, Iran leads at No. 23.

India wraps up ODI series against West Indies by 3-1 margin

current affairs 2017, current affairs today, current affairsIndia have wrapped up the five-match ODI series against West Indies by a 3-1 margin. At Kingston, Jamaica, last night, the visitors won the final match convincingly by eight wickets. Chasing 206 runs for a win, India achieved the target in only 36.5 overs, losing two wickets. Skipper and Man of the Match Virat Kohli anchored the chase by scoring his 28th ODI century. He remained unbeaten on 111, along with Dinesh Karthik, who was not out on 50. Opener Ajinkya Rahane, who was declared Player of the series, made a useful 39 
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