Wednesday, 26 July 2017

Daily Update On Current Affairs - July 26, 2017

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

Ram Nath Kovind takes oath as President of India 

Mr. Ramnath Kovind has taken over as 14th President of India on the 25th July 2017 and was administered the oath of office by Chief Justice of India Justice JS Khehar at a special function in the Central Hall of Parliament. After the swearing-in, he was given the 21-gun salute. Addressing the gathering after swearing in, Mr. Kovind said, India of the 21st century will be one that is in conformity with ancient values as well as compliant with the fourth industrial revolution. He said India must combine tradition and technology, the wisdom of an age-old Bharat and the science of a contemporary India.

FSSAI bans stapler pins in tea bags from January 2018    

The Food Safety and Standards Authority of India (FSSAI) has banned the use of stapler pins in tea bags from January 2018. FSSAI ban order issued under Section (15) FSS Act, 2006 has deemed that any loose staple pin consumed inadvertently with tea may cause a serious health hazard. Currently, tea bags are either stapled or knotted. According to industry estimates, the tea bag segment contributes 3-4% by value of total tea sales but it is one of the fastest growing segments at 50-60% year-on-year.

First meeting of Island Development Authority of India held     
The first meeting of the newly constituted Island Development Authority of India was held on the 24th July 2017 in New Delhi under the Chairmanship of the Union Home Minister Rajnath Singh. In the first phase, 10 islands have been identified for wholistic development. They are: Smith, Ross, Aves and Long and Little Andaman Islands in the Andaman and Nicobar and Minicoy, Bengaram, Suheli, Cherium and Thengakara in Lakshadweep Islands. With this meeting, the wholistic development of islands in India received a major boost.

Government Approves Construction of 30000 houses on Private Land     
The Government has approved construction of 30000 affordable houses for the urban poor in Maharashtra’s Sholapur. This is the first project to be undertaken under the Pradhan Mantri Awas Yojna (Urban). Its main aim is to give affordable houses to urban poor. An assistance of Rs 1.50 lacs is given to each applicant under this scheme. The cost of each dwelling has arrived at to be Rs 6.03 lacs.

Bolivia declares independence from World Bank and IMF

On the 25th July, the Bolivian President declared independence from the World Bank and IMF. Stating that much of the country’s struggles in the past six decades have been due to the policies of the World Bank, Bolivia sought to distance itself from the World organization.

Sunder Pichai joins the Board of parent Company Alphabet

The CEO of Google, Sunder Pichai will soon join the Board of Directors of its parent company Alphabet, which is the second most valuable American company after Apple. Mr. Pichai joined Google in 2004 and has led the company to stupendous progress in the past two decades.

Ajay Kanwal Appointed as CEO of Janalakshmi Finance

India’s largest Non-Banking Finance Company, Janalakshmi Finance has appointed Ajay Kanwal as its new CEO. Kanwal will take charge on 1st Aug 2017. Ajay Kanwal comes with more than 27 year’s experience in Commercial Banking and consumer banking sectors.

Modi, Abe to kick off bullet train project in Sept       

The foundations for the much-touted Mumbai-Ahmedabad High-Speed Rail (MAHSR) or bullet-train project using Japanese ‘Shinkansen’ technology is going to be laid during the visit of Japanese Prime Minister Shinzo Abe to India on September 12-14. Abe and Prime Minister Narendra Modi will be jointly inaugurating the project with the laying of foundation stone and a ground breaking ceremony. This is expected to take place in Ahmedabad or Gandhinagar (Gujarat). The loan agreement may also be signed between both sides during the visit. This involves a commercial loan worth $12 billion, at a cost of 0.1 percent, for a 50-year period including a 15-year moratorium, according to diplomatic sources.

Human antibodies produced in lab for the first time

Scientists for the first time have produced human antibodies in the laboratory. They have developed a revolutionary technique which can help in the rapid development of new vaccines to treat a wide range of infectious diseases. Antibodies mainly function in the humoral adaptive immune system by secreting antibodies to fight off infections caused by bacteria, viruses, and other invasive pathogens. They are produced by body’s B cells (B lymphocytes). When an individual B cell recognises a specific pathogen-derived antigen molecule, it proliferates and develops into plasma cells that secrete large amounts of the antibody capable of binding to the antigen and fending off the infection.
Renowned scientist Prof. Yash Pal passes away

Renowned scientist Professor Yash Pal passed away on the 24th July at his residence in Noida in Uttar Pradesh. He was 90. The globally renowned physicist and higher education reformer began his career at Mumbai's Tata Institute of Fundamental Research. Professor Pal was born in 1926 in Jhang district of British India that is now in Pakistan. He gained recognition due to his contribution to the study of cosmic rays. Professor Yash Pal was appointed as the Chief Consultant to the Planning Commission. He acted as the Secretary of Department of Science and Technology from 1984 to 1986. He was appointed as the Chairman of University Grants Commission where he served a full single-term of five years and also served as the Chancellor of Jawaharlal Nehru University. He served as a member of UN Advisory Committee on Science and Technology for Development. Pal was honoured with Padma Bhushan in 1976 and Padma Vibhushan in 2013 for his contribution to Science.  
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