Wednesday, 9 August 2017

Daily Update On Current Affairs - August 09, 2017

Current Affairs

Here's your daily summary of Current Affairs.

Justice Dipak Misra to be the next Chief Justice of India   

Current Affairs
Justice Dipak Misra, the senior-most judge of the Supreme Court, was today appointed as the next Chief Justice of India. An official notification announcing 63-year-old Misra’s appointment was issued by the law ministry this evening. Misra will take over from incumbent Justice JS Khehar, who will retire on August 27. He will have a tenure of nearly 13 months.

Tamil Nadu fishermen announce indefinite strike
In Tamil Nadu, fishermen in Pudukottai district announced indefinite strike from 8th August 2017 urging the immediate release of fishermen and their boats by Sri Lanka. Sri Lankan Navy apprehended 49 fishermen from Tamil Nadu yesterday and detained their twelve fishing boats. The fishermen from Pudukottai Ramanathapuram districts of Tamil Nadu were apprehended by Sri Lankan Navy when they were fishing in Lankan waters. Tamil Nadu fishermen say that they should be allowed to fish in traditional waters of Palk Straits. Tamil Nadu Chief Minister Edapady K Palanisamy in a letter urged Prime Minister Narendra Modi to intervene and secure the release of 64 fishermen from Tamil Nadu lodged in Lankan jail and 125 mechanised boats detained by Lanka. He pointed out that subsidy scheme to buy long liners for deep sea fishing was launched by Prime Minister at Rameswaram.

SC dismisses the petition to make yoga compulsory for Class 1 to 8 students across the country

The Supreme Court has dismissed a plea seeking the frame of a national yoga policy and making the practice compulsory for students of classes 1-8 across the country. A bench headed by Justice M B Lokur rejected the plea and said it is for the government to take a decision on such issue. The bench said, the court cannot say what is to be taught in schools. The apex court also said it was not possible for it to grant the relief as sought by petitioners - Ashwini Kumar Upadhyay, a lawyer and Delhi BJP spokesperson, J C Seth.

Central Govt gives funds to the States and UTs under AYUSH Scheme     

Current Affairs
The Central Govt has given funds to the tune of Rs. 417.12 Cr during the fiscal 2016-17 under the National Ayush Mission for the development of AYUSH (Ayurveda, Yoga and Naturopathy, Unnani, Siddha and Homeopathy systems of medicines). While J&K got 90% Central Assistance, the other states got 75%, with the remaining 25% being contributed by them. 

Dawn of Cruise Tourism launched in Mumbai

The Dawn of Cruise Tourism was launched in Mumbai on 8th August 2017. Three Reports “Mumbai Port’s SOP for Cruise Operations”, “Road Map for Sea Cruise Tourism” and “Cruise Terminals in India” were also launched on the occasion. This initiative is expected to fetch revenues of Rs 35000 cr and create jobs for 250,000 people. The number of cruise ships visiting India could go up from 158 per year to over 900.

Severe earthquake jolts part of China 

Current Affairs
At least nine people were killed and 164 others injured in an earthquake in China on 8th August. According to the media reports, a seven magnitude earthquake jolted a remote but popular tourist destination in China's southwest, in which 100 people are feared dead and thousands injured. The condition of 30 hospitalized injured was stated to be serious. Xinhua news agency said citing a China Earthquake Networks Center (CENC) statement that five among the dead were visitors to the popular tourist destination of Jiuzhaigou national park. The massive earthquake struck at 9:19 PM, local time, yesterday and the epicentre was monitored at a depth of 20 km, it said. Jiuzhaigou, or Jiuzhai Valley, is a national park known for spectacular waterfalls and karst formations. Hours after the 7- magnitude quake, another 6.6-magnitude earthquake jolted the Jinghe Country in the northwest, China's Xinjiang next morning at 7.27.

US Prez vows to answer North Korea's nuclear threats with 'fire and fury' 

The US President Donald Trump has vowed to answer any more threats by North Korea with fire and fury, remarks that followed Pyongyang saying that it is considering strikes near US strategic military installations in Guam island with its intermediate range ballistic missiles. Trump told reporters at his vacation home in New Jersey on the 8th August that North Korea best not make any more threats to the United States. They will be met with fire and fury like the world has never seen. He said Kim Jong-Un has been very threatening, beyond a normal statement. Trump was responding to questions on the North Korea's nuclear capabilities. The remarks came amidst reports that the nuclear-armed country is coming close to obtaining an atomic weapon that can strike the US. Media reporters said North Korea has successfully miniaturised a nuclear warhead that can fit inside its missiles. Meanwhile, the US State Department said that they are willing to talk with the North Koreans.

Axis Bank cuts SB account interest rate by 50 bps

Axis Bank has cut savings account interest rate by 50 bps to 3.5 percent on balances of up to Rs. 50 lakh. The bank said it will continue to offer 4 percent interest per annum on savings account balance of Rs. 50 lakh and above. The new interest rate will be effective from 8th August 2017.

Ensure safety of customers’ lockers: RBI to banks

The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed on the 8th August 2017. Besides, banks are being probed by the fair trade regulator CCI for alleged cartelization in providing locker services to their customers. In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said there is no specific circular by the Department of Financial Services asking banks to compensate customers for theft of articles from bank lockers. "the banks have been advised by the RBI that it would be the responsibility of the banks to ensure the lockers remain safe and there is no negligence in the matter of safeguarding the lockers that could render the banks concerned liable to claims by locker holders,” he said. The Competition Commission of India (CCI), in May, received a complaint alleging cartelization among banks in respect of providing locker services to customers.

Bank of Baroda cuts interest rates on SB accounts     

Current Affairs
Possibly taking a cue from State Bank of India, Bank of Baroda has cut the interest rate on savings bank (SB) deposits. The public sector bank will offer 3.5 percent interest on SB deposits up to Rs 50 lakh as against 4 percent hitherto. The new SB rate is effective from August 5. On SB deposits above Rs 50 lakh, the interest rate continues to be 4 percent, BoB said in a statement.

Indian scientists produce clove oil from Tulsi

Now, a team of researchers at Indian Council of Agricultural Research’s (ICAR) Directorate of Medicinal and Aromatic Plants Research (DMAPR) at Anand in Gujarat, may have found a better and cheaper way of producing eugenol. DMAPR researchers, led by Parmeshwar Lal Saran, who tested 10 different accessions of tulsi collected from different parts of the country for two seasons, have been able to identify a particular variety of tulsi (Holy Basil), codenamed DOS-1, that has very high eugenol content. “We have been able to extract 73 kg of essential oil per hectare on a tulsi farm, of which 67 kg was eugenol,” said Saran, the lead author of a study that appeared in the journal Industrial Crops and Products last week. Saran, however, was quick to add that DOS-1 is not available commercially and it would take a while before it is released. Currently, tulsi in different States is mainly sold as fresh leaves or dry leaves by farmers, for use in Ayurveda or herbal medicine or in beverages such as herbal tea. Popularly known as clove oil, eugenol, which gives clove its distinct flavour, has a host of medicinal and industrial applications. It is widely used in perfumery, aromatherapy as well as in the processed food industry, as flavouring agent and preservative. Anti-microbial and antiseptic, it is an inevitable part of a dentist’s cabinet.

India’s first micro forest being built in Chhattisgarh

19 acres of land which housed 70 houses of Govt staff in Raipur is being converted into India’s first micro forest, thus providing an oxy zone. Raipur, which is the 7th most polluted city in the world, will thus get a green cover and an oxy zone. Trees will be planted and a microscopic forest will be created. The forest will be open to public in the next 8 months.

England wins series against South Africa 3-1

Moeen Ali finished a brilliant campaign with a five-wicket haul as England beat South Africa by 177 runs in the fourth Test at Old Trafford on the 7th August to seal a 3-1 series win. Victory, achieved with more than a day to spare, also saw Joe Root triumphant in his first Test series as England captain. South Africa, set a huge 380 for victory, bowled out for 202 shortly after tea on the fourth day when Ali took two wickets in two balls to remove Morne Morkel and Duanne Olivier. That gave the off-spinner a return of five for 69 in 19.5 overs and 25 wickets in total in a series where he also scored 252 runs. Moeen Ali was declared both the man-of-the-match and the man-of-the-series. With today's win, England had won their first home Test series against South Africa since 1998.
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