Monday, 10 July 2017

Daily Update On Current Affairs - July 08, 2017

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

Print expiry date, net quantity on labels of food in big size, govt tells companies

Government has made it mandatory for manufacturing companies to print details like expiry date and net quantity on labels on all pre-packaged food in a bigger font size. Consumer Affairs Ministry has said, these changes have been effected through an amendment to the Legal Metrology (Packaged commodities) Rules, 2011. Talking to reporters in New Delhi yesterday, Consumer Affairs Minister Ram Vilas Paswan said, the size of words and numbers for mandatory declarations has been increased so that a consumer can easily read. He said, five declarations are must to be printed on the label. These include Maximum Retail Price (MRP), Manufacturing data, expiry date, net quantity and consumer care details.

Supreme Court restrains further counselling or admissions to IITs through IIT-JEE (Advance) 2017  

The Supreme Court today restrained further counselling or admissions to seats in IIT JEE (Advanced)-2017 till further orders. The apex court said that no High Court should entertain any petition from today concerning the IIT JEE (advanced) counselling. A two-judge bench issued the order after a petitioner cited errors in one set of question papers challenging the admission process. The students were awarded grace marks as the answer key to seven questions were missing. The petitioner had objected to the awarding of grace marks to all candidates, irrespective of whether they attempted these questions. The matter will now be heard on Monday.

HRD Ministry: No Detention Policy to be removed from next Academic Year 

The HRD Ministry has decided to remove the no-detention policy for students from the next academic year. Under the Right to Education Act, no child will be detained or held back in any class or expelled till the completion of elementary education covering classes 1 to 8. The government’s decision comes after it had received several complaints regarding the same.

G20 countries leaders agree for action, targeted exchange of information on terrorism

Leaders of the G20 countries agreed to swift action and targeted exchange of information on terrorism and its financing. In a statement released at the end of the first day of the 12th G20 Summit in Hamburg, the member countries decided to take concrete steps to stop funding of the terror activities. The leaders also decided that the private sector will also be involved in the global efforts to counterterror financing. Seeking to fight radicalization, the G20 group will take measures to counter terrorist propaganda. Simultaneously, the countries will also seek to promote political and religious tolerance and social inclusiveness to facilitate reintegration.
122 countries adopt global treaty banning nuclear weapons  
A global treaty banning nuclear weapons was adopted at the United Nations today despite opposition from the United States, Britain, France and other nuclear powers that boycotted negotiations. The treaty was adopted by a vote of 122 in favour with one country, Netherlands, voting against while Singapore abstained. Costa Rica's ambassador, Elayne Whyte Gomez, the president of the UN conference that negotiated the treaty said we have managed to sow the first seeds of a world free of nuclear weapons.

US, Japan, South Korea seek additional UNSC sanctions against North Korea

The US, Japan and South Korea today sought additional UN Security Council sanctions against the North Korean regime to send a message that there would be consequences for its destabilising actions. The demand came after a meeting between US President Donald Trump, his South Korean counterpart Moon Jae-in, and Japanese Prime Minister Shinzo Abe in Hamburg, Germany, on the sidelines of the G20 Summit. 
Modi interacts with Chinese President Xi Jinping on the sidelines of the summit

Prime Minister Narendra Modi interacted with leaders of China, Brazil and South Africa among others on the sidelines of G20 Summit. Ministry of External Affairs spokesperson Gopal Baglay informed that at the informal gathering of BRICS leaders, hosted by China, Mr. Modi and Chinese President Xi Jinping had a conversation on a range of issues. The BRICS meeting was organised in a run up to the forthcoming 9th BRICS Summit in September in Xiamen, China. Speaking at the informal BRICS meeting, the Prime Minister said, that G20 should collectively oppose funding and safe haven for terrorism and its sponsors.

India becomes Fourth Largest Foreign Investor in UK   

As per the official figures published by the UK’s Department for International Trade, India has become the fourth largest foreign investor in the UK in 2016-17. India has lost its position as the third largest investor to France. In 2016-17, India had set up 127 new projects and safeguarded 7,645 existing jobs and created 3,999 new jobs in the UK. India is sharing the fourth spot with Australia and New Zeland, which had also set up 127 projects collectively. The US remains the top most investor in the UK by setting up of 577 projects in 2016-17. China (including Hong Kong) with 160 projects and France with 131 projects have been placed in the second and third positions respectively.

Centre launches GST Rates Finder app to verify accurate tax rate under GST regime

Centre has launched an app - GST Rates Finder to verify the accurate tax rate on commodity and services under the Goods and Services Tax (GST) regime. Finance Minister Arun Jaitley yesterday launched the app in New Delhi which will empower not only the taxpayers, but every citizen of the nation, to ascertain the correct GST rate on goods and services. Through this app, user can determine GST rate by entering the name of the commodity or service. The Ministry said the search result will list all the Goods and Services containing the name which was typed in the search box. A taxpayer can search for applicable CGST, SGST, UTGST rate and Compensation Cess on a supply.

India's forex reserves at record-high of USD 386.53 billion

India's foreign exchange reserves have increased by 4.007 billion US dollars to touch a record high of 386.539 billion US dollars in the week ended 30th June. A RBI press release has informed that foreign currency assets, a major part of the overall reserves rose by 3.724 billion US dollars to 362.388 billion US dollars. In the previous week, the reserves had surged by 576.4 million US dollars to reach 382.53 billion US dollars. Gold reserves also increased by 252.8 million US dollars to 20.348 billion US dollars. India's special drawing rights with the International Monetary Fund went up by 11.8 million US dollars to 1.479 billion US dollars, while the country's reserve position also increased by 18.9 million US dollars to 2.322 billion US dollars.

Sanjiv Goenka named as IIT-Kharagpur chairman 

RP Sanjiv Goenka Group Chairman, Sanjiv Goenka, has been named as the Chairman of the Board of Governors at IIT-Kharagpur. He will serve as the Chairman for three years. Sanjiv Goenka was nominated by the President, Pranab Mukherjee, in his capacity as Visitor of the Institute. With this appointment, Sanjiv Goenka will serve his second term as the Chairman of Board of Governors at the IIT-KGP. He held his previous stint between 2002 and 2007. 
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