Monday, 4 September 2017

Daily Update On Current Affairs - September 3, 2017


current affairs

Here's your daily summary of Current Affairs.


Prime Minister Narendra Modi to embark on a two nation tour of China and Myanmar

Prime Minister Narendra Modi will embark on a two nation tour of China and Myanmar from 3rd Sept 2017. On the first leg of his visit, he will reach Xiamen this evening, a coastal city of Fujian province in China to attend the 9th BRICS Summit. The theme of the Summit is "Stronger Partnership for a better future.” The Summit will begin on Monday morning with a welcome ceremony and a photo-op which will be followed by a BRICS restricted and plenary sessions. At least four documents, BRICS Action Agenda on Economic and Trade Development, BRICS Action Agenda on the Innovation Cooperation, BRICS Customs Cooperation and a MoU between BRICS Business Council and New Development Bank are expected to be signed for the Summit.

Govt waives off late payment fees for delayed filing of GST returns

The government has waived late payment fees for the delayed filing of Goods and Services Tax returns and allowed businesses to correct errors in the initial form while submitting final returns by 5th September. In a circular, the finance ministry said the late fee for all taxpayers who could not file GSTR 3B for July has been waived, but not the interest on late payment of dues. Businesses were required to file the maiden GST returns for July and pay taxes by 25th August by filing GSTR 3B. The final returns from sales for July are to be filed by September 5 and returns for purchases by 10th September. As per the CGST and SGST Acts, an interest at the rate of 18 percent will be levied for the delayed payment of tax. Taxes worth Rs 92,283 crore were collected in July from just 64.42 percent of the total taxpayer base.

Eid-ul-Azha celebrated across country with religious fervour

Eid-ul-Azha, the festival of sacrifice was celebrated with religious fervour and enthusiasm in various parts of the country on the 2nd Sept. Muslims across the country dressed in their best thronged Eidgahs and mosques to offer Eid prayers. Later they exchanged Eid greetings. President Ram Nath Kovind, Vice President M. Venkaiah Naidu, and Prime Minister Narendra Modi greeted the people on the occasion.

Govt issues alert on spread of new malware Locky Ransomware

The government has issued an alert on the spread of a new malware 'Locky Ransomware' that can lock computers and demand ransom for unlocking them. Electronics and IT Additional Secretary Ajay Kumar tweeted that an alert regarding spam spreading Locky Ransomware issued by Indian Computer Emergency Response Team today. Ransomware is a malicious software and the Locky Ransomware is learnt to be demanding a ransom of half Bitcoin, which at present rate is equivalent to over Rs 1.5 lakh.

Dr Kafeel Khan of BRD Hospital, Gorakhpur arrested in connection with death of several children

In Uttar Pradesh, the Special Task Force (STF) on the 2nd September arrested Dr. Kafeel Khan of BRD medical college Gorakhpur in connection with the deaths of several children last month. The arrest came a day after a Gorakhpur court issued non-bailable warrants against seven people including Dr. Kafeel. A high-powered probe committee headed by Chief Secretary Rajiv Kumar has indicted Dr. Kafeel, then the nodal officer of BRD Medical College's Department of Pediatrics, former Principal Dr. Rajiv Mishra and others of laxity and other charges. Dr. Kafeel was removed from all hospital duties after the allegation surfaced of his involvement in stealing of oxygen cylinders from the hospital for his private clinic.

Assam government extends disturbed area status of the state for another six months

The Assam government has extended the disturbed area status of the state for another six months. A notification issued by the Home and Political Department declared the entire state of Assam as the disturbed area for 6 months beyond 31st August this year. A press release was issued on the 2nd Sept in this regard. The decision has been taken after assessing the present law and order situation which continues to be a matter of concern due to some violent incidents by underground outfits.

India declared as the most corrupt country in the world

In its latest issue on 2nd Sept 2017, the Forbes magazine has declared India as the most corrupt country in the world. The report was based on a study by Transparency International. Transparency International is a Berlin based NGO working against corruption. According to the study, India is the most corrupt country in the world with 69% bribery rates, while Japan is the least corrupt, with a bribery rate of just 0.2%.

In Syria, Kurdish-led forces claim control of the old city of Raqqa, the de facto capital of IS caliphate

Kurdish-led forces in Syria have claimed control of the old city of Raqqa, the de facto capital of the self-declared Islamic State caliphate. The Syrian Democratic Forces (SDF), an alliance of Kurdish and Arab militias, have been battling to capture the city since June. US-led coalition air strikes and special operations forces are supporting them. The SDF says it has finally seized the remaining districts in the walled old city. The group says, its troops are now advancing into the west of Raqqa. The Islamic State terrorist group has been using the city's western districts to house its military and administrative facilities but they are now encircled without supplies.  

International Hindu Conference held in Nepal

As part of its efforts to reinstitute Nepal as the global capital of Hinduism, the Nepal Government held a three day International Hindu Conference in Kathmandu from 30th August 2017. The theme of the conference was “Emerging spiritualism, Renaissance of Hinduism”. The conference was attended by Hindu scholars and researchers from different countries including India, Bangladesh, Pakistan, USA and UK.

Swedish Defence Company and Adani Group sign pact

Swedish Defence giant Saab and Indian conglomerate Adani group have announced a collaboration in defence manufacturing entailing billions of dollars of investment, mainly eyeing a contract for single-engine fighter jets for the Indian Air Force. The announcement of the deal was made in New Delhi. The two companies said the project will encompass design, development, and production of Gripen jets for India in line with the Make in India initiative. 

RBI arm to launch model platform for block chain technology soon

The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is developing a model platform for block chain technology. AS Ramasastri, Director, IDRBT, said the platform will be suitable for different applications relevant to banking. “We will be launching this platform very soon,” he said at the IDRBT Banking Technology awards function here on 1st Sept. Sudarshan Sen, Executive Director, RBI, said the central bank, IDRBT and fin-tech players could work together for the commercial success of new technology platforms. Of late, blockchain is the most talked of and researched area in the banking and financial sector globally. It’s a type of distributed ledger or decentralised database that keeps records of digital transactions. People generally use a trusted third-party like a bank to make a transaction. But blockchain removes the need for a third-party by directly connecting the customers and suppliers on the same platform.

Trujet launches Hyderabad-Mysore services

No frills airline Trujet of Turbo Megha Airways has announced the launch of Hyderabad-Mysore flight under the regional connectivity scheme. A promoter of regional connectivity, the airline covers unserved sectors, including Nanded and Kadapa, and has now added Mysore. This is part of the UDAN scheme of Prime Minister Narendra Modi which seeks to boost regional connectivity. Vankayalapati Umesh, Managing Director, Turbo Megha Airways, said: “Air connectivity to Mysore from Hyderabad is part of the efforts to connect the underserved cities with the big metros. We hope this will contribute towards the overall economic growth.” Turbo Megha is one of the five air operators which won bids to operate on 128 routes connecting 70 airports, of which 31 are unserved under the regional connectivity scheme - Ude Desh Ka Aam Nagrik (UDAN). Under the scheme, fares are capped at Rs. 2,500 for one-hour flights.

LIC settled claims worth over Rs. 1 lakh cr in FY17 

The country’s life insurance behemoth, Life Insurance Corporation of India (LIC) has settled claims worth more than Rs. 1 trillion in the financial year 2016-17. LIC, which completed 61 years of its incorporation on 1st September, said it had settled 215.58 lakh claims amounting to Rs. 1,12,700.41 crore during the financial year 2016-17, it said in a statement. “We achieved settlement of 98.34 percent maturity claims and 99.63 percent of death claims in the year,” as per the statement. LIC has assets of over Rs. 25 trillion with Life Fund to the tune of Rs. 23,23,802.59 crore. As of date, the corporation has 1.15 lakh employees, 11.31 lakh agents, and 29 crore plus policies in force. During the year gone by, LIC registered a growth of 27.22 percent in the new business in terms of the first year premium.

Hyderabad airport bags energy efficiency award

Hyderabad International Airport Ltd has bagged the National Award for ‘Excellence’ in Energy Management at a conference hosted by the Confederation of Indian Industry (CII). The event focused on recognising companies that are engaged in energy efficiency initiatives and displaying commitment towards energy conservation. SGK Kishore, CEO, GHIAL, in a statement said, “GHIAL is committed to exploring energy efficient solutions. As a part of our Passenger is Prime initiative, we have deployed eco-friendly vehicles such as electricity powered buggy's, ground handler vehicles, trolley movers, and have even commissioned e-cars.” During the event, airport developer GMR made a presentation highlighting the energy savings of around 14.8 million units (MU) over the last three years and a drastic decline in greenhouse gases (GHG) emissions after adopting various energy saving measures at the airport.

CSIR adjudged 9th best Government organization in the world  

Council of Scientific and Industrial Research (CSIR) has been adjudged to be the 9th best government organization in the world. CSIR has been ranked 9th amongst 1207 government organizations studied. The ranking is based on several factors including research performance, innovative outputs and societal impact measured by their web visibility.



“Yalla Kerala” launched to attract tourists from Arabia

The Kerala Tourism Department has launched a new initiative called “Yalla Kerala” (meaning ‘let go’) to attract tourists from the Arabian countries including Saudi Arabia, Oman, UAE, Qatar etc. As part of the campaign, the airports in Dubai and Saudi Arabia will have a display of rich greenery, beautiful landscapes, hill stations and art forms of Kerala. The taxis running in Dubai will also carry such displays.

Hockey India sacks chief coach Roelant Oltmans

Hockey India, HI, has sacked national coach Roelant Oltmans with immediate effect and made High-Performance, Director David John in charge of the national men's team till a suitable replacement is found. The HI arrived at the decision after a three-day review meeting of its High-Performance and Development Committee. Mr. David John told PTI that Oltmans gave a series of presentations about his long-term vision but there is a need for short-term results. He said there was a core of probables since 2012 but still the Indian team failed to produce desired results at the international level. The hockey body wants consistency. He said that the body is aiming to win the Asia Cup, Hockey World League Finals and Asian Games. 
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