Monday, 10 July 2017

Daily Update On Current Affairs - July 9, 2017

Here's your daily summary of Current Affairs.

President Mukherjee to launch 3 digital initiatives over e-education   
   
President Pranab Mukherjee will, on the 9th July launch digital initiatives Swayam, Swayam Prabha and National Academic Depository in New Delhi to push e-education in the country. The aim of these initiatives is to raise the Gross Enrolment Ratio in the higher education from 24.5 to 30 by 2020. All Vice-Chancellors of Central, State, deemed and private universities and directors of premier institutes such as Indian Institutes of Management and Indian Institutes of Technology are attending the programme. Massive Open Online Courses, Swayam will host courses taught in classrooms from Class IX to postgraduation, which can be accessed by anyone, anywhere at any time. It will target those students who could not complete their studies and professional who wish to upgrade their knowledge.

UNESCO declares Ahmedabad as world heritage city

Ahmedabad city has been declared as a World Heritage City at the 41st session of UNESCO's world heritage committee being held at Krakow in Poland. Nomination of Ahmedabad was supported by close to 20 countries, including Turkey, Lebanon, Tunisia, Portugal, Peru and Kazakhstan. AIR correspondent reports that the secular co-existence of Islamic, Hindu and Jain communities along with exemplary architecture of wooden havelis got unanimously support. The city was also the center for India's non-violent freedom struggle led by Mahatma Gandhi.

Maharashtra to adopt Andhra pattern of loan waiver implementation to plug systemic corruption      
     
The Maharashtra government will adopt Andhra Pradesh pattern of loan waiver implementation to plug systemic corruption and ensure that the fruits of debt waiver reach actual beneficiaries. Finance Minister Sudhir Mungantiwar said that a digital platform will be adopted to transfer the money to avoid corruption and misuse of tax payers money. The minister also challenged the Opposition parties to take a similar decision in states where they are in power. Meanwhile, Minister for Marketing Subhash Deshmukh, will be appointed as the head of the committee on implementation of the loan waiver scheme in the next few days.

“JIGYASA” – Student-Scientist connect Programme  
     
Jigyasa, a student- scientist connect programme has been launched by the government in New Delhi. The programme would be implemented by the Council of Scientific and Industrial Research (CSIR) in collaboration with Kendriya Vidyalaya Sangathan (KVS). 
Salient Facts:
The main focus of the programme is to connect school students and scientists as well as to extend student’s classroom learning to a very well-planned research laboratory based learning

India declares itself free from H5N1 and H5N8 bird flu       

India has declared itself free from highly pathogenic Avian Influenza (H5N1 and H5N8) after surveillance in the states showed no evidence of its presence. It has been notified to the World Organisation for Animal Health (OIE). The surveillance was carried out throughout the country since completion of the operation including culling, disinfection and clean-up and surveillance in the states showed no evidence of the presence of Avian Influenza Virus. India had reported outbreaks of influenza at various epicenters in different states across the country between October 2016 and February 2017.

G20 nations pledge to strengthen health systems  

The G20 nations, including India, today pledged to strengthen health systems and also combat the menace of antimicrobial resistance, AMR in Hamburg, Germany. The group termed AMR as a growing threat to public health and economic growth. The declaration adopted by the nations said they would aim to tackle the spread of AMR through the implementation of their respective national action plans based on "one health" approach.

G-20 summit concludes in Hamburg, Germany with world leaders agreeing on         action plan on climate change

India has expressed satisfaction over the G-20 Hamburg communiqué though it had long drawn negotiations, especially on climate change and global resilience. At the end of the two-day deliberations, the G-20 nations arrived at the broad consensus over wide-ranging issues under four key areas including the sharing benefit of globalisation, global resilience, sustainability and responsiveness. 
Briefing media at the end of the deliberations, Niti Aayog Vice Chairman and India’s Sherpa for the G-20, Mr Arvind Panagariya said the member countries took more time to come to an agreement especially on issues like climate change, trade and investment and  migration mainly due to change in stands of some countries due to change of power. He also said India made it clear that clean fossil fuel will remain part of its energy basket. Mr Panagariya expressed satisfaction that the G-20 leaders have issued a joint statement on counterterrorism in line with the action plan mooted by Prime Minister Narendra Modi.  


World Bank says India is emerging as frontrunner in fight against climate change
The World Bank has said, India is emerging as a frontrunner in the global fight against climate change. In a news report published yesterday, World Bank said with a sweeping commitment to solar power, innovative solutions and energy efficiency initiatives to supply its people with 24x7 electricity by 2030, India is emerging as a frontrunner in the global fight against climate change. Noting that Indian government is setting ambitious targets that include 160 gigawatts of wind and solar energy by 2022, the bank said it is an incentive for international firms to invest in India’s solar market.

Shriram Group, IDFC to explore merger prospect   

Shriram Group and IDFC have entered into a 90-day exclusive agreement to explore the possibility of a merger. Ajay Piramal, Chairman, Shriram Group said no transaction has been approved by the boards of the two companies yet. Over the next 90 days, the two entities will work out the nitty-gritty relating go due diligence and valuation. "We want to create a financial conglomerate with Universal Bank as its core, serving millions of customers and entrepreneurs," he said. IDFC is likely to have about 75 percent stake in the two Shriram group insurance companies -- life and general. Shriram Transport Finance Company will continue as a standalone NBFC under IDFC while Shriram City Union Finance will get merged with IDFC Bank.

HDFC ERGO to implement crop insurance scheme in Andhra Pradesh

HDFC ERGO General Insurance Company has been authorised by the Andhra Pradesh government to implement the Weather Based Crop Insurance Scheme (WBCIS) for farmers. Those cultivating groundnut, sweet lime, tomato, chillies, cotton, and oil palm crops in Anantapur, Chittoor, East Godavari, Guntur, Kadapa, Kurnool, Prakasam and West Godavari districts will be covered under the scheme. The scheme offers insurance cover to farmers against losses due to aberrant weather conditions during the crop cycle.

Fresh tranche of gold bonds     

The Centre has launched the second tranche of sovereign gold bonds for the fiscal. Applications for the Bonds will be accepted during July 10-14 and will be issued on July 28. “The investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value,” said an official statement on Thursday. The minimum permissible investment will be one gram of gold. And the maximum will not be more than 500 gm per person per fiscal. A self-declaration to this effect will be obtained, the statement added. 

Siemens opens its first digital factory in India   
       
Siemens opened its first digital factory in India, also the third globally after one each in Germany and China, as the industrial conglomerate pitches smart facilities to small and medium scale enterprises in the country. The digital factory is one of the nine divisions at Siemens. It aims to provide a comprehensive portfolio of hardware and software products which enable comprehensive integration of data from development, production and suppliers.

India's Harindar Pal Sandhu bags the South Australian open squash title
           
India's Harinder Pal Sandhu has won the South Australian Open squash title.  In the final at Adelaide today, he defeated Rhys Dowling of the host nation 11-8, 12-10,  11-4. It is Sandhu's eighth title at the PSA level and the third this season after winning two in Malaysia in the month of May.


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