Daily Current Affairs 11th July, 2017

Daily Current Affairs 11th July, 2017

INTERNATIONAL

 Khaltmaa Battulga elected as Mongolian president

  • Mongolian Businessman and Martial Arts expert Khaltmaa Battulga was sworn in as president, vowing to revive the flagging economy and pursue relations with countries outside its giant neighbors Russia and China.
  • Battulga replaces Tsakhia Elbegdorj after the outgoing president served the maximum four-year terms for two times.

NATIONAL

Committee formed to study legalities for separate State flag

  • The Karnataka State government has constituted a nine-member committee headed by Principal Secretary, Department of Kannada and Culture, to study and submit a report to the government on the possibility of “designing a separate flag for Karnataka and providing it a statutory standing.”
  • Recently, some activists had urged the government to design a separate flag for Kannada ‘naadu’ and accord statutory standing for that.
  • In S.R. Bommai v/s Union of India (Supreme Court 1994) case, the Supreme Court has declared that federalism is a basic feature of the Constitution and States are supreme in their sphere. This being the Constitutional position, there is no prohibition in the Constitution for the State to have its own flag. However, the manner in which the State flag is hoisted should not dishonour the national flag. It has to be always below the national flag. The national flag code specifically authorises use of other flags subject to the regulation by the court. So, State flag is not unauthorised.

Rajasthan: First State to fix minimum education qualification for cooperative body poll

  • Rajasthan has become the first State in the country to lay down the minimum educational qualifications for contesting elections to village cooperative societies and various other cooperative bodies.
  • In this regard, state government has amended State Cooperative Societies Rules, 2003. The new rules would benefit about 10,000 cooperative and agricultural credit societies. Moreover, the benefit of education will accrue to the societies as their management will go to expert hands.

ECONOMY,BANKING AND FINANCE

 Finance Ministry launched next gold bond tranche

  • The next tranche of sovereign gold bond (SGB) scheme was launched recently by the Government. This time, providing a 2.5 percent annual interest to investors.
  • The bonds will be available in banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges namely National Stock Exchange of India Limited(NSE) and Bombay Stock Exchange(BSE).
  • Finance Ministry has announced the sixth tranche of gold bonds applications for which will be accepted from July 10 to July 14, 2017, according to the finance ministry. The bonds will be issued to eligible applicants on July 28.
  • The minimum investment will be 1 gram of gold. The maximum limit can be subscribed up to 500 grams per person per fiscal year.

RBI amends order on bankruptcy action on 12 large NPAs

  • The Reserve Bank of India (RBI) has amended its earlier order asking banks to initiate bankruptcy proceedings against 12 companies which have outstanding loans amounting to over Rs 5,000 crore as on March 2016.
  • The amendment, made through a notification, comes after the Gujarat High Court asked the RBI to remove the stipulation on its order last month that the 12 non-performing assets (NPAs), or bad loans, would be granted priority at the National Company Law Tribunal.
  • Essar Steel, one of the 12 large NPAs identified by the RBI, had approached the Gujarat High Court for the RBI proceedings.

Over Rs 57,000 crore saved through DBT: Government

  • The Union Government has saved around Rs 57,000 crore in 2016-17 through Direct Benefit Transfer (DBT) scheme under which subsidies are given directly to beneficiaries.
  • In 2017-18, the beneficiary base rose from 10.71 crore in 2013-14 to 35.62 crore. A total of 485 schemes have been identified from 60 ministries for the DBT.

ENVIRONMENT,SCIENCE AND TECH

Sri Lanka bans bottom-trawling

  • Sri Lanka has banned the destructive fishing practice of bottom-trawling in their waters, making violators liable for a fine of LKR 50,000 (approximately ₹20,000) and face two years imprisonment.
  • In this regard, an Amendment to the country’s Fisheries and Aquatic Resources Act was passed unanimously, in effect declaring the fishing method an offence.
  • Bottom trawling is a destructive fishing practice which affects the marine ecosystem. The practice, which involves trawlers dragging weighted nets along the sea floor, is known to cause great depletion of fishery resources, and curbing it is in the interest of sustainable fishing.
  • The development could directly impact a section of fishermen from Tamil Nadu, who engage in bottom-trawling and have often been found trespassing into Sri Lanka’s territorial waters.

Vaccine shows protection against gonorrhea for first time: Scientists

  • Scientists from New Zealand for the first time have claimed that vaccine can protect against the sexually transmitted infection gonorrhoea.
  • They have found that Men B jab vaccine originally developed to stop an outbreak of meningitis B can protect from gonorrhoea.
  • Scientists claim was based on analysis of vaccination data of about a million adolescents in New Zealand who were vaccinated by Men B jab vaccine between 2004 and 2006.
  • They found that gonorrhoea cases had fallen by 31{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in vaccinated adolescents. The bacterium that causes meningitis, Neisseria meningitidis, is a very close relative of the bacterium species Neisseria gonorrhoeae, which causes gonorrhoea.
  • Thus, it appears the Men B jab vaccine is giving “cross-protection” against gonorrhoea.

IMPORTANT DAYS

11 July: World Population Day

  • The World Population Day is observed across the world on July 11 to attention on the urgency and importance of population issue.
  • Observance of the day aims at increase people’s awareness on various population issues such as the importance of family planning, maternal health, gender equality, poverty and human rights.
  • 2017 theme: “Family Planning- Empowering People, Developing Nations”.The theme highlights importance of family planning as it allows people to attain their desired number of children and determine the spacing of pregnancies.

AWARDS AND HONOURS

IROAF wins Golden Peacock Award for Eco Innovation for the year 2017

  • Indian Railways Organization for Alternate Fuel (IROAF) has won the Golden Peacock Award for Eco Innovation for the year 2017 for Eco-Innovation for substitution of fossil fuels (Diesel) by environment friendly CNG in DEMU passenger train services. Use of CNG in Train Sets for passenger transportation has been done for the first time in the world.
  • Golden Peacock Awards, instituted by the Institute Of Directors (IOD), India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide. Golden Peacock awards have become a hallmark of excellence, both locally & globally. Based on internationally recognised criteria, the credibility of these awards lies in the transparency depth & impartiality of the assessment process.
  • IROAF is a unique organization in the Government space which was established by Ministry of Railways to explore new environment friendly fuels/ renewable energy and eco- friendly technologies like substitution of diesel with CNG/LNG in train sets, replacing acetylene/LPG by CNG/LNG for metal cutting in Railway Workshops, proliferating and promoting use of Bio-Diesel in Railway Locomotives etc.
  • The organization is a premier single window agency of Indian Railways to work as a knowledge base and explore and prove out new fuels and technologies for Indian Railways with a view to being down Indian Railways fuel bill and at the same time achieve a shift towards greener fuels / renewable energy sources for a sustainable future.

APPOINTMENT

Leslie Thng to take over as new CEO of Vistara

  • The board of TATA SIA Airlines Ltd, which owns and operates the full-service airline Vistara, has appointed former SilkAir head Leslie Thng as Vistara’s new chief executive officer (CEO), effective from October 2017.

PLACES IN NEWS

Okinoshima Island: Japan’s men-only island gets UNESCO heritage tag

  • Okinoshima Island, Japan’s men-only island was declared as a UNESCO world heritage site.
  • The island will be the 17th set of Japanese cultural assets to be granted this status and overall 21st in the list.
  • The island is part of the prefecture’s Munakata region.
  • It is located in south-west Japan between the main island of Kyushu and the Korean Peninsula in the Sea of Japan (East Sea).
  • It still follow strict taboos from ancient times, including the controversial ban on women from entering the island

SPORTS

P V Sindhu bags ‘Sportsperson of the Year’ award

  • Rio Olympics silver medallist P V Sindhu was bestowed with the ‘Sportsperson of the Year’ award during the ‘Maruti Suzuki Sportsperson of the Year’ Charity Gala Awards.
  • Milkha Singh was given the Living Legend of the Year award.
  • Young India cricketer K L Rahul, who made a mark in the last Test series against Australia, was awarded Gamechanger of the Year award.
  • The 2008 Beijing Olympics gold medallist and the country’s sole gold medal winner in individual events at Olympics, Abhinav Bindra was given the Lifetime Achievement Award.

BCCI appoints Ravi Shastri as new head coach of Indian cricket team

  • The Board of Control for Cricket in India (BCCI) has named former Indian all-rounder and captain Ravi Shastri as the new chief coach of the Indian cricket team till ICC World Cup 2019.
  • He will succeed Anil Kumble who had resigned from the post after the ICC Champions Trophy 2017.

 

 

 

 

 

 

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