Daily Current Affairs 14th June, 2017

Daily Current Affairs 14th June, 2017

INTERNATIONAL

Panama dumps Taiwan, supports One-China policy

  • In a jolt to Taiwan and boost to Beijing’s diplomacy, Panama has severed ties with the country and recognised it as an “indispensable” part of China under the “One-China Policy”. With Panama switching sides, Taiwan’s decades-old attempt to act as a “sovereign country” would likely face fresh challenges.
  • Over the years Beijing has tried to choke Taiwan diplomatically in a bid to force the self-ruled island to accept itself as a part of China.

One-China Policy

  • The policy states in diplomatic acknowledgement that there is only one Chinese government. Under the policy, any country that wants diplomatic relations with mainland China must break official ties with Taipei that it considers a ‘breakaway province.’
  • How China has been trying to choke Taiwan in recent years?
  • Beijing doesn’t trust present Taiwan President Tsai Ing-wen and her ruling party, which advocates independence for Taiwan. After Tsai came to power last year, China had cut official communication channels with her government in a bid to pressure her to accept that Taiwan is part of China.
    • A year ago, Taiwan had diplomatic ties with 23 countries. But in the last one year itself, as many as three countries have severed diplomatic ties with the country, which is claimed by China as its own — a part of the mainland.
    • In 2007, Costa Rica was the first of Taiwan’s Central American partners to switch allegiance to China. It was southern African nation of Malawi in 2008. Gambia in West Africa followed suit in 2013. Last year, small African states Sao Tome and Principe switched ties from Taiwan to China.


NATIONAL

India ratifies two key ILO conventions on child labour

  • India has ratified two key ILO conventions on child labour concerning the elimination of child labour, the Minimum Age Convention (No 138) and the Worst Forms of Child Labour Convention (No 182).
  • India is the 170th ILO member state to ratify convention No 138 and 181st member to ratify convention No. 182.

Minimum Age Convention:

  • The Convention concerning Minimum Age for Admission to Employment, is a Convention adopted in 1973 by the International Labour Organization.
  • It requires ratifying states to pursue a national policy designed to ensure the effective abolition of child labour and to raise progressively the minimum age for admission to employment or work.
  • Countries are free to specify a minimum age for labour, with a minimum of 15 years. A declaration of 14 years is also possible when for a specified period of time. Laws may also permit light work for children aged 13–15 (not harming their health or school work). The minimum age of 18 years is specified for work which “is likely to jeopardise the health, safety or morals of young persons”. Definitions of the type of work and derogations are only possible after tripartite consultations (if such a system exists in the ratifying country).

Worst Forms of Child Labour Convention:

  • The Convention concerning the Prohibition and Immediate Action for the Elimination of the Worst Forms of Child Labour, known in short as the Worst Forms of Child Labour Convention, was adopted by the International Labour Organization (ILO) in 1999.
  • By ratifying this Convention, a country commits itself to taking immediate action to prohibit and eliminate the worst forms of child labour.
  • The ILO’s International Programme on the Elimination of Child Labour (IPEC) is responsible for assisting countries in this regard as well as monitoring compliance. One of the methods used by IPEC to assist countries in this regard are Time-bound Programmes.
  • The convention includes forms of child labour, which are predefined worst forms of child labour. They are also sometimes referred to as automatic worst forms of child labour.

Sikkim govt signs MoU with British Council

  • The Human Resource Development department of Sikkim government signed an MoU with the British Council to enhance the quality of education in the state. The MoU will improve the educational structure of the schools of Sikkim.
  • The purpose of the MoU is to support the aims and aspirations of the young people of Sikkim through collaborative projects in the area of English, education, and skills by strengthening the capacity of the teachers and other professionals, working with youth in the state and support its cultural economy.

ECONOMY,BANKING AND FINANCE

RBI identifies 12 Bank Accounts accounting 25{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of NPAs to initiate Bankruptcy Proceedings

  • RBI’s Internal Advisory Committee (IAC) has identified 12 bank accounts constituting nearly 25{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the gross bad loans for immediate referral and resolution under the bankruptcy law.
  • Each of the 12 identified accounts was having more than 5,000 crore rupees of outstanding loans, of which at least 60{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} was classified as non-performing by banks as of March 31, 2016.
  • The RBI, however, has not disclosed the names of the accounts.

IRDAI takes over management of Sahara Life Insurance

  • The Insurance Regulatory and Development Authority of India (IRDAI) has taken over the administration of Sahara India Life Insurance, a first of its kind move in the insurance sector.
  • K. Sharma, general manager, IRDA has been appointed as the administrator with “immediate effect” to manage Sahara India Life Insurance Company.

GOVT SCHEME

Telangana launches PashuBazar website for online cattle sale

  • The Telangana government has launched a website to facilitate this service. The online sale or purchase of cattle through pashubazar.telangana.gov.in website will help farmers as the cattle need not be brought to shandies every time and farmers can save on transportation cost on cattle.
  • Special Chief Secretary, Animal Husbandry, Suresh Chanda launched the website developed with NIC’s support.
  • The Pashu Bazaar platform was developed to help farmers to sell their animals without physically taking them to weekly markets. The farmer can keep maximum five registrations for sale at any time.

DEFENCE

Successful Flight Test of ATGM Nag

  • The Anti-Tank Guided Missile Nag was successfully flight tested in the desert ranges of Rajasthan.
  • Nag is a third-generation, fire-and-forget, anti-tank guided missile developed by India’s state-owned Defence Research and Development Organisation (DRDO) to support both mechanised infantry and airborne forces of the Indian Army.
  • The missile incorporates an advanced passive homing guidance system and possesses high single-shot kill probability. It is designed to destroy modern main battle tanks and other heavily armoured targets.
  • Nag can be launched from land and air-based platforms. The land version is currently available for integration on the Nag missile carrier (NAMICA), which is derived from a BMP-2 tracked infantry combat vehicle.
  • The Nag missile was indigenously developed under the Indian Ministry of Defence’s integrated guided missile development programme (IGMDP), which also involved the development of four other missiles that are Agni, Akash, Trishul and Prithvi.

EVENTS

India to be Co-Partner Country in ANUGA 2017

  • India has signed the Memorandum of Understanding for Participation in the ANUGA Exhibition with Ms Katharina C Hamma, Chief Operating Officer, Koelnmesse GmBH (Organizers of ANUGA).

ANUGA

  • ANUGA – an acronym for Allgemeine Nahrungs Und Genußmittel Ausstellung (General Food and Non- essential Provisions Exhibition) is the world’s biggest and most important trade fair for Food and beverage trade. It takes place biennially (every 2 years). ANUGA 2017 is the 34th edition.
  • ANUGA offers an extensive supporting programme with Lectures, Special exhibition and attractive industry events
  • ANUGA is the leading export platform with 7,189 exhibitors from 109 countries with over 85{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of Exhibitors from abroad.
  • 1,60,000 decision makers from the retail and out-of-home market from 192 countries visited during last ANUGA. 66{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the industry visitors are foreigners.

ENVIRONMRNT,SCIENCE AND TECH

G7 environment ministers meeting 2017 held in Bologna, Italy

  • Group of Seven (G7) Environment Ministers Meeting was held in Bologna, Italy to discuss issues ranging from climate change to sustainable development and litter at sea. The meeting was attended by the Environment Ministers of the seven countries (US, UK, France, Germany, Italy, Canada and Japan) and the Commissioners of the European Union for Environment and Climate.
  • ‘5-year Bologna Roadmap’ was adopted at the meeting, which focuses on important issues such as resource efficiency indicators, citizen involvement, awareness on food waste and economic analysis of the efficient use of resources.

India’s first canal top solar PV system at NTPC Mouda

  • State-run power giant National Thermal Power Corporation (NTPC) has energized India’s first 150 kWp canal top solar PV System on cooling water (CW) channel inside power station premises at its 2,320 MW, Mouda Thermal Power Project, near Nagpur in Maharashtra.
  • This novel Solar PV system makes use of side walls of CW channels as load bearing structure thereby significantly decreasing cost of civil and mounting structure.

BOOK RELEASE

Ex-Uttarakhand CM Pokhriyal authors book on Vajpayee ‘Yug Purush, Bharat Ratna, Atal Ji’

  • Former Uttarakhand Chief Minister Ramesh Pokhriyal ‘Nishank, has officially handed over the first copy of the 450-page book titled -‘Yug Purush, Bharat Ratna, Atal Ji’ to the President of India Shri Pranab Mukherjee.

 

 

 

 

 

 

 

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