Daily Current Affairs 10th July, 2017
G-20 leaders propose Hamburg Action Plan at summit conclusion
- The two-day G-20 summit that took place in Germany’s Hamburg city ended with the leaders proposing the Hamburg Action Plan to address major global challenges, including climate change, harnessing digitalisation, and to contribute to prosperity and well-being.
- The leaders pledged to progress towards their joint objective in the G20, which is strong, sustainable, balanced and inclusive growth. They resolved to tackle common challenges to the global community, including terrorism, displacement, poverty, hunger and health threats, job creation, climate change, energy security, and inequality including gender inequality, as a basis for sustainable development and stability.
- In order to improving sustainable livelihoods, the G-20 leaders collectively committed to mitigate greenhouse gas emissions through, among others, increased innovation on sustainable and clean energies and energy efficiency, and work towards low greenhouse-gas emission energy systems.
- The Leaders of the other G-20 members also agreed that the Paris Agreement is irreversible reiterated the importance of fulfilling the UNFCCC commitment by developed countries in providing means of implementation including financial resources to assist developing countries with respect to both mitigation and adaptation actions in line with Paris outcomes.
- The leaders stressed on the importance of harnessing the benefits of globalisation, reaffirm the importance of transparency for predictable and mutually beneficial trade relations, harness digitalisation to achieve the goals of the 2030 Agenda for Sustainable Development.
- The leaders underlined to boost employment by improving sustainable global supply chains, which have been recognised as an important source of job creation and balanced economic growth.
- The leaders resolved to make a resilient global financial system in agreed international standards, to support sustainable growth.
- The G-20 leaders also called for safeguarding against health crises and strengthening health systems. The leaders called on the United Nations to keep global health high on the political agenda and strive for cooperative action to strengthen health systems worldwide, including through developing the health workforce.
- The leaders also stressed on combatting Anti-Microbial Resistance (AMR), which is a growing threat to public health and economic growth.
Government merges Ministries of Urban Development, Housing and Urban Poverty Alleviation
- The Union Government has merged the Ministries of Urban Development and Housing and Urban Poverty Alleviation to form the Ministry of Housing and Urban Affairs. With this merger, the Union Government now has 51 ministries.
- In 2004, there were total 42 ministries. The first government in independent India had just 17 ministries.
- The merger of ministries involved in policy making in urban areas into single ministry will help to ensure cohesiveness in formulating policies related to urban issues and cut the flab in bureaucracy.
- These two ministries have a long history of mergers and de-mergers. This is third time the ministries have been merged. In 1952, they were one ministry which was known as the Ministry of Works, Housing and Supply. They were demerged in 1999, merged again in 2000 and bifurcated again in 2004.
ECONOMY,BANKING AND FINANCE
GMR gets Rs. 1,330 cr loan from Axis Bank for developing Mopa airport
- GMR Goa International Airports Ltd, a subsidiary of GMR Airports Ltd, has executed a debt facility agreement for the development of Greenfield airport at Mopa.
- The entire debt of Rs. 1,330 crore was underwritten by Axis Bank on a long tenor door to door basis of 18 years on competitive terms.
India to import crude oil from US for first time
- India, the world’s third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corp bought a cargo that will be delivered in October 2017.
- India is the latest Asian country to buy US crude after South Korea, Japan, China, Thailand, Australia and Taiwan as the countries seek to diversify oil imports from other regions after the OPEC cuts drove up prices of Middle East heavy-sour crude, or grades with a high sulphur content.
Saint Mother Teresa’s blue-bordered sari an Intellectual Property
- The famous blue-bordered sari of Mother Teresa, who has been canonised as Saint Teresa of Calcutta by the Vatican, has been recognised as an Intellectual Property of the Missionaries of Charity.
- The Trade Marks Registry, Government of India, has granted the registration of the trade mark for that pattern of blue border of sari.
GOVT SCHEME/DIGITAL INDIA
Aaykar Setu: Government launches new tax payer service module
- The Union Finance Ministry has launched Aaykar Setu, a new tax payer service module.
- The new e-initiative literally means taxpayer’s bridge and will be available in android phones.
- It compiles various tax tools, dynamic updates, live chat facility and important links to various processes within the Income Tax Department (ITD) in a single module.
“Programme 17 for 17”
- It is a 17 point action plan for 2017 – for building digital campuses and high quality education.
- The action plan covers measures like universal adoption of digital education, digital financial transactions in the campuses from the current academic year.
- It was adopted at the end of the recently concluded National Convention of Vice Chancellors of all Universities in the Country, and Heads of IISc/IITs/IIMs/NITs/IIITs.
India, US and Japan navies kick off 2017 Malabar Exercise
- India, Japan and United States (US) navies have kicked off 2017 MALABAR trilateral naval Exercise near Chennai in Bay of Bengal.
- This year it is the 21st edition of the naval exercise.
- In this edition of the exercise, total of around 15 warships, two submarines and scores of fighter jets, surveillance aircraft and helicopters from three navies will take part.
- The 8 day long Malabar 2017 exercise consists of both ashore and at-sea activities. This year operations of the exercise include anti-submarine warfare, familiarization with inter-operability between maritime forces, search and rescue and seizure missions and many other drills. One of the main goals of this edition of the exercise is “submarine-hunting”.
- The goal carries subtext given the ever-increasing and regular operation of Chinese Navy submarines in the Indian Ocean.
- This year, two aircraft carriers from India and US and a Japanese helicopter destroyer form part of the warships that will join the naval drills. Participants from US Navy include the Nimitz-class aircraft carrier USS Nimitz with embarked Carrier Air Wing 11; guided-missile cruiser USS Princeton; guided-missile destroyers USS Howard, USS Shoup and USS Kidd; a P-8A Poseidon surveillance aircraft; and a Los Angeles-class fast-attack submarine. From Indian Navy, aircraft carrier INS Vikramaditya is participating for the first time.
- Two Kamorta class anti-submarine warfare corvettes, two Shivalik class frigates and tanker INS Jyoti are also participating. The Japan Maritime Self Defence Force (JMSD) ships JS Izumo and JS Sazanami are participating in the exercise.
World Petroleum Congress at Istanbul, Turkey
- The 22nd World Petroleum Congress (WPC) International Conference has begun at Istanbul, Turkey. India is also taking part in the conference.
- The tri-annual WPC Conference is widely recognized as the `Olympics` of the oil and gas industry.
- It attracts Ministers, CEOs of Oil and Gas MNCs, experts and academics from the hydrocarbon sectors and provides an ideal forum to showcase potential of countries’ hydrocarbon sector.
- It also provides a platform to interact with policy makers, technologists, scientists, planners and management experts.
Mercedes’ Valtteri Bottas wins Austrian Grand Prix
- Valtteri Bottas roared to the second victory of his career when he won the Austrian Grand Prix for Mercedes.
- Bottas finished ahead of Sebastian Vettel and Daniel Ricciardo, who finished second and third respectively. Three-time Formula One champion, Mercedes’ Lewis Hamilton finished fourth in the race.