Tuesday, 18 July 2017

Daily Update On Current Affairs - July 18,2017

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

Venkaiah Naidu to be BJP Candidate for Vice Presidential Poll  

Senior BJP Leader, M Venkaiah Naidu will file his nomination for the post of Vice President of India on the 18th July 2017. On the 17th July, BJP President Amit Shah in New Delhi announced his name for the NDA, vice-president candidate after the Party Parliamentary Board meeting. Mr. Shah said that "he is one of most recognisable faces in the party." After the announcement of the candidature of Mr. Naidu, Prime Minister Narendra Modi in a series of tweet said that "he is a fit candidate for the office." Mr. Modi said, the years of Parliamentary experience Mr. Naidu has, will help him discharge the important role of Rajya Sabha Chairperson.

Voting concludes to elect 14th President of India  
 
Voting was held on the 17th July 2017 to elect the 14th President of India as members of Parliament and legislative assemblies exercised their franchise at designated centres at Parliament House and state assemblies. A total of 714 MPs voted in the Presidential polls in Parliament House. Briefing media in New Delhi, Secretary General, Lok Sabha and returning officer for Presidential elections, Anoop Mishra said, "four MLAs also voted in Parliament house and 54 MPs exercised their franchise in their states. This is the highest turnout for a Presidential election in India"

IDBI loan default case: Court orders attachment of Vijay Mallya's accounts   

A special court in Mumbai has issued an order directing attachment of beleaguered businessman Vijay Mallya and his associated accounts in the UK and Switzerland in connection with the IDBI loan default case. The court, last week also allowed the agency's request for issuance of Letter Rogatory (LR) to the UK to assist it in the probe. The court has also directed issuance of LR to carry out investigations about those accounts. According to the CBI, there were many commissions and omissions on the part of IDBI officials in the process of sanctioning and disbursement of a loan of Rs. 1,300 crores to Kingfisher Airlines (KFA).

UN Secretary-General Antonio Guterres calls for implementation of Paris climate accord

UN Secretary-General Antonio Guterres has called for the implementation of the Paris climate accord, saying that the climate change poses a far-reaching threat. Guterres made the appeal yesterday, ahead of the opening of a meeting at UN headquarters in New York on poverty, income disparity and climate change. Guterres said population growth, climate change, food insecurity, water scarcity and chaotic urbanisation in certain parts of the world are interacting with each other.  

Tri-Nation Malabar Naval Exercise Concludes

The US, Japanese and Indian navies concluded the 'Malabar Naval Exercise' aimed at achieving deeper military ties between the three nations. Officials said in a statement in Chennai that the naval exercise featured 95 aircraft, 16 ships, and two submarines. Various maneuvers were undertaken in rough seas in the Bay of Bengal. The exercise, which began on July 10, comprised both on shore and offshore activities which included cross deck flying operations, refuelling across ships and crew handling procedures. The navies of the three countries undertook the exercise in rough seas and under challenging weather conditions.

South Korea offers talks with North   
 
South Korea on the 17th July 2017, offered talks with the North to ease animosities along their tense border and resume reunions of families separated by their war in the 1950s. It was unclear how North Korea will react since it remained suspicious of new South Korean President Moon Jae-in’s outreach to it. But Mr Moon’s overture, the first formal offer of talks since his inauguration in May, indicates that he wants to use dialogue to defuse the international standoff over North Korea’s weapons programmes, despite having condemned the North’s first intercontinental ballistic missile test on July 4. 

Kharif Crop sowing crosses 563 lakh hectare area 

Kharif crops have been sown in over 563 lakh hectare till date as against 521 lakh hectare last year. It is nearly 42 lakh hectare more than last year figure. Crop sowing data released by the Agriculture Ministry, reveals that the rice has been sown in over 125 lakh hectare which is about five lakh hectare more than the last year. Over 74 lakh hectare area has been covered under the cultivation of pulses which is more than 14 lakh hectare of the sown area under the crop last year.

IBBI notifies rules for bankruptcy probe        

The Insolvency and Bankruptcy Board of India (IBBI) has notified regulations for inspection and investigation of service providers registered with it. Under the Insolvency and Bankruptcy Code (IBC) implemented by IBBI, service providers are insolvency professional agencies, entities, professionals and information utilities. The investigation authority has to serve a notice intimating the entity concerned about the probe at least 10 days in advance. However, this requirement can be done away with on grounds such as apprehensions that the records of the particular service provider might have been destroyed before the probe starts. 

Gujarat HC dismisses Essar Steel petition in insolvency case    

The Gujarat High Court on Monday dismissed Essar Steel’s petition seeking to quash the Reserve Bank of India’s directive to a consortium of lenders, clearing the way for them to initiate proceedings under the Insolvency and Bankruptcy Code (IBC) before the National Company Law Tribunal (NCLT). The order strengthens banks’ case to recover money from corporate defaulters.

New Sri Lanka Airlines flight to Coimbatore  

Coimbatore has become the 14th destination for Sri Lankan Airlines in India, with the national carrier of the island country commencing direct flights between this textile hub and Colombo on Sunday. Coimbatore is the third South Indian city that the airline has covered in the past week –with Visakhapatnam on July 8 and Hyderabad on July 12. With these additions, the airlines now operates 126 flights a week in India. Its Chief Commercial Officer Siva Ramachandran said the service would help the business community in Coimbatore         
  
No grace period to deposit demonetized notes: Center to Supreme Court

The Center told the Supreme Court on Monday that it took a conscious decision to not give any grace period for citizens to deposit their demonetized notes after the cut-off date of December 30, 2016. Doing so would have defeated the very purpose of demonetization, the government said. It was replying to the Supreme Court’s appeal to open a window for genuine people, like the terminally ill and invalids, to name a few, who were unable to deposit their demonetised 1,000 and 500 notes between November 9 and December 30 last year.

Scientists develop super-flexible and strong artificial silk

Scientists from the University of Cambridge have developed super-stretchy and strong artificial (synthetic) spider silk, almost entirely composed of water. The synthetic spider silk mimics properties of spider silk, one of nature’s strongest materials for a range of applications such as making eco-friendly textiles and sensors.


GSI discovers millions of tonnes of precious metals and minerals in Indian waters 

Scientists from the Geological Survey of India (GSI) have discovered the presence of millions of tonnes of precious metals and minerals deep under the waters within the Exclusive Economic Zone (EEZ) of peninsular India. They have confirmed the presence large amount of lime mud, phosphate-rich and calcareous sediments, hydrocarbons, metalliferous deposits, and micronodules. They believe that deeper and more extensive exploration could lead to a large trove.

I H Manudev wins 1st National Masters snooker tournament title

I H Manudev has won the first National Masters snooker tournament title in Chennai. Alok Kumar, a former national men's champion, had been in fine form coming into the summit clash but found Karnataka's Manudev a tough proposition. Manudev, capitalised on the chances he got and kept scoring heavily and won the game by four impressive frames. He dominated the first two frames and seized control. In the third frame, Manudev stole Kumar's frame with an extraordinary clearance with one red on the table to lead by 3-0 which made all the difference in the match.  
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