Monday, 24 July 2017

Daily Update On Current Affairs - July 22, 2017

current affairs

Here's your daily summary of Current Affairs.

FM launches new pension scheme 'PMVVY' for senior citizens 

Finance Minister Arun Jaitley on Friday launched a new pension scheme for the senior citizens, Pradhan Mantri Vaya Vandana Yojana, PMVVY in New Delhi. The scheme can be purchased offline as well as online through LIC. Speaking on the occasion, Mr Jaitley said, the scheme ensures an annual return of 8.3 percent per annum payable monthly for 10 years. He said, banks have to lend at affordable rates while Senior citizens want secure and reasonable on their investment. He said the scheme is exempted from Service Tax or GST. Finance Ministry has said, the pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly or quarterly or half-yearly or yearly as chosen by the pensioner at the time of purchase.

Over 77.55 lakh GSTIN registration done till July 18: Centre   
Centre on Friday said that over 77.55 lakh GSTIN registration has been done until 18th of this month. In GST registration, the supplier is allotted a 15-digit GST identification number called GSTIN. Registration of any business entity under the GST Law requires obtaining a unique number from the concerned tax authorities for the purpose of collecting tax on behalf of the government and to avail Input Tax Credit for the taxes on his inward supplies.

President inaugurates Bicentenary Celebration of Paika Rebellion   
President Pranab Mukherjee inaugurated the bicentenary (200th) celebration of Paika Rebellion (1817) of Odisha organised by the Union Ministry of Culture in New Delhi. Paika rebellion predates the 1857 Revolt i.e. first war of independence. Many scholars, researchers and historians have opined that the Paika Rebellion of 1817 was India’s first organised armed rebellion against British Raj (then British East India Company rule).

Indian Army inks MoU with DRDO to raise MRSAM defence system regiment

The Indian Army has signed MoU with Defence Research and Development Organisation (DRDO) to raise one regiment of the Advanced Medium Range Surface to Air Missiles (MRSAM) defence system. The Indian Army is planning to have a total of five regiments of MRSAM defence system, which will be deployed opposite to China and Pakistan. Each regiment consists of four launchers with three missiles each. So five regiments will have total 60 missiles. Earlier the Cabinet Committee on Security (CCS) headed by PM Narendra Modi had approved the proposal for procuring MRSAM system for the army.
Indian Navy’s second LCU Mark IV L52 ship launched by GRSE

Indian Navy’s second LCU (landing craft utility) Mark IV L52 ship built by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, was formally launched in Kolkata, West Bengal. The LCU Mark-IV vessels are designed for multi purpose amphibious operations jointly carried out Indian Navy and Indian Army to ensure maritime security of Andamans and Lakshadweep islands. LCU L52 ship is the second in series of the eight Mark IV LCU vessels built by GRSE for Navy. The first ship of the series was commissioned in 2016.

Two Airports in UP Renamed    
Nagpur and Bareilly Airports have been renamed as Ganesh Shanker Vidyarthi and as Nath Nagri respectively. This was decided by the UP assembly on the 21t July 2017.

Israel and DRDO to jointly develop missiles for India         

The Indian Army has entered into an MOU with Israel and DRDO to jointly develop to raise one segment of the Medium Range Surface to Air Missiles. The missiles will be developed by the Isreal Aerospace Industries along with DRDO in partnership with private and public sector organisations. The Indian Army plans to have five regiments of this missile system. The missiles are all weather, mobile land based and surface to air defence systems.

Germany reviews arms shipments to Turkey amid row     

Germany said today it was reviewing all arms sales to Turkey amid a bitter row between the NATO partners that has sharply worsened since Ankara arrested several human rights activists. As part of Germany's sweeping overhaul of bilateral ties, the top-circulation Bild newspaper today reports that Berlin was also freezing all planned and ongoing arms deliveries to Turkey.

UK govt appoints Brenda Marjorie Hale as first female President of SC

The UK government on Friday appointed Brenda Marjorie Hale as the first female President of the Supreme Court, the senior-most judge of the country. Baroness Hale, 72, will take charge as the head of Britain's top judging panel in September following the retirement of current President, Lord Neuberger. She has served as Neuberger's deputy since 2013. Hale said it is a great honour and a challenge. 

India, Japan civil nuclear deal comes into force       

The landmark India-Japan civil nuclear agreement came into force. In this regard, Foreign Secretary S. Jaishankar exchanged the diplomatic notes with the Japanese envoy to India to formalise the completion of the process. The deal would enable Japan to export nuclear power plant technology as well as provide finance for nuclear power plants in India. It will also assist India in nuclear waste management and could undertake joint manufacture of nuclear power plant components under the Make in India initiative.

Sean Spicer resigns as White House press secretary

White House press secretary Sean Spicer, President Donald Trump’s embattled spokesman during the first six months of his presidency, is resigning his position, according to two people with knowledge of the decision. Mr. Spicer’s decision appears linked to the appointment of a new White House communications director, New York financier Anthony Scaramucci. The people with knowledge of the decision spoke on condition of anonymity because they were not authorised to discuss the personnel matter publicly.

SEBI inks pact with ESMA for information exchange on CCPs 
Markets regulator Securities and Exchange Board of India (SEBI) has entered into a MoU with the European Securities and Markets Authority (ESMA). The MoU was signed for an exchange of information concerning Central Counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). CCPs are entities that help facilitate clearing and settlement activities.

Six telecom companies under-reported revenues by over Rs. 61,000 crores, says CAG in report            

Six leading private telecom players understated their revenues by over 61,000 crore, depriving the exchequer of 7,697.62 crore, the Comptroller and Auditor General of India said in a report tabled in Parliament on Friday. The auditor has also questioned the Department of Telecom (DoT) for failing to take any “proactive steps to ensure that the licensees disclosed their revenue as stipulated in the licence agreements.” The interest dues on the short-paid revenue would amount to 4,531.62 crore, the auditor has noted, taking the total potential revenue at stake for the government at over 12,220 crore. 

Astrosat, Chandra and Hubble jointly detect massive cosmic explosion on Proxima Centauri

India’s first dedicated space observatory AstroSat along with other space and earth-based observatories have detected a massive coronal explosion on Proxima Centauri, sun’s closest star neighbour. The explosion was detected as part of the joint multi-wavelength simultaneous observational campaign undertaken by three space-based observatories, Astrosat, Chandra and Hubble Space Telescope and the ground-based High Accuracy Radial velocity Planet Searcher (HARPS) observatory.

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