Daily Current Affairs 15th July, 2017

Daily Current Affairs 15th July, 2017


EU, India set up fund for investments

  • The European Union (EU) and India have announced the establishment of an Investment Facilitation Mechanism (IFM) for EU investments in India.
  • The IFM has been established with the key objectives of paving the way for identifying and solving problems faced by EU companies and investors with regard to their operations in India.
  • The mechanism will allow for a close coordination between the European Union and the Government of India with an aim to promote and facilitate EU investment in India. The IFM will cover new investors as well as those already established in India.
  • The IFM is also going to serve as a platform for discussing general suggestions from the point of view of EU companies and investors with regard to ease of doing business in India. Ease of doing business is a fundamental priority of the Indian Government’s Make in India Campaign and the establishment of IFM for facilitating EU investments in India is another step to achieve this goal.
  • As part of the IFM, the EU Delegation to India and the DIPP will hold regular high level meetings to assess and facilitate “ease of doing business” for EU investors in India. This will include identifying and putting in place solutions to procedural impediments faced by EU firms and investors in establishing or running their operations in India.

US House of Representatives passes Bill on defence co-operation with India

  • The United States House of Representatives has passed an amendment to National Defense Authorisation Act (NDAA), 2018, a $621.5 billion defence expenditure bill to advance defence cooperation with India. India related amendment in the bill was adopted by a voice vote in the House by 344-81.
  • Now, NDAA needs to be passed by the US Senate before it can be sent to US President Donald Trump to sign into law.
  • The India-related amendment in NDAA 2018, requires the US Secretary of Defence, in consultation with the Secretary of State to develop a strategy for advancing defence cooperation between US and India.
  • The amendment asks the State Department and Pentagon to develop a strategy to addresses common security challenges, the role of US partners and allies in India-US defence relationship, and role of the defence technology and trade initiative.
  • It also asks them to address issues to advance communications interoperability and security memorandum of agreement and the basic exchange and cooperation agreement for geospatial cooperation.


Mahadayi: Goa open to out-of-tribunal settlement

  • Goa has said that it is open to talks with Karnataka and Maharashtra to explore an out-of-tribunal settlement on Mahadayi issue.
  • Mahadayi, also known as the Mandovi river, is known as a lifeline in the northern parts of Karnataka. The river originates and flows in Karnataka and goes through Goa before meeting the Arabian Sea. The Mahadayi catchment area covers around 2,032 km and includes some parts of Maharashtra near the Maharashtra-Karnataka border region.

About the dispute:

  • The Karnataka government and Goa government are fighting on sharing of waters of the Mahadayi river (called Mandovi in Goa).
  • In order to divert 7.56 tmcft of water to the Malaprabha river basin, Karnataka government proposed to build canals to link Kalasa and Banduri, the tributaries of Mahadayi. However, objecting the move, Goa government argued that if Karnataka implemented the Kalasa-Banduri project, it would prove disastrous for the ecologically sensitive Western Ghats as the proposed project was deep inside the forest.
  • Karnataka had petitioned the tribunal seeking release of 7.56 tmcft of water for Kalasa-Banduri Nala project. The tribunal, which gave its interim order after hearing arguments from both Karnataka and Goa, had rejected the state’s plea citing various grounds including ecological damage that the project may cause.

India tops global index of countries with most confidence in their government: OCED Report  

  • India has topped in the Organisation for Economic Co-operation and Development’s (OECD) Government at a Glance 2017 report.
  • It states that Narendra Modi led NDA coalition has secured 73{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} trust of people, highest in the world. OECD’s Government at a Glance report presents an index of countries that trust their governments the most.
  • It determines government’s trust levels by whether or not people consider their government stable and reliable, if it’s able to protect its citizens from risk and whether it can effectively deliver public services.
  • Canadian government headed by Prime Minister Justin Trudeau was ranked second with confidence of 62{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} citizens. Turkey was in third place with 58{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the populace placing its trust in the Reciep Erdogan government. Russia and Germany were ranked fourth and fifth with confidence levels at 58{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} and 55{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} respectively.


Railways launches mobile app that does more than just booking

  • Indian Railways launched an integrated mobile application to cater to various passenger requirements over and above ticket booking. The new app will include inquiry, on-board cleaning and ordering meal on a single platform. The app is called Rail SAARTHI and was launched by Railway Minister.
  • The Rail SAARTHI (synergised advanced application rail travel help and information) such as safety for women, complaint facility and suggestion for improvement. One can also book air ticket through the app and give feedback.



Antarctica iceberg break off

  • A massive iceberg has broken away from Antarctica. The Trillion-tonne iceberg is considered as the one of the largest ever. The 5,800 square kilometre iceberg left the Larsen C Ice Shelf in Antarctica and has changed the landscape of the region.
  • The final breakthrough of the rift was detected in data from NASA’s Aqua MODIS satellite instrument, which images in the thermal infrared at a resolution of one kilometre and confirmed by NASA’s Suomi VIIRS instrument. The development of the rift over the last year was monitored using data from the European Space Agency Sentinel-1 satellites – part of the European Copernicus Space Component.
  • Although the remaining ice shelf will continue naturally to regrow, researchers have previously shown that the new configuration is potentially less stable than it was prior to the rift. There is a risk that Larsen C may eventually follow the example of its neighbour, Larsen B, which disintegrated in 2002 following a similar rift-induced calving event in 1995.


World Youth Skills Day: 15 July

  • World Youth Skills Day is being observed globally on 15th July. The objective of the day is to raise awareness about the importance of investing in youth skills development.
  • The theme of this year is “Skills for the Future of Work”.

About World Youth Skills Day

  • It was in 2014 that the United Nations (UN) General Assembly declared July 15 as WYSD – with the aim of creating greater awareness regarding the importance of technical, vocational education, and training, especially among youth across the world.
  • Young people, said United Nations Organization (UNO), are more vulnerable to unemployment than adults, are exposed to labor market inequalities and have to put up with low quality jobs.
  • In addition, UNO said, women are not only underemployed but also under-paid, often were forced to work under temporary contracts.
  • An estimated 71 million young people unemployed in 2015, contributing to 13.1 percent youth unemployment rate, which is expected increase in most regions by 2017, according to a recent International Labour Organization (ILO) publication, “Global Employment Trends for Youth 2015”.
  • Recognizing the need to empower the youth with necessary skills to succeed in their lives and to improve global economy, WorldSkills International – a not for profit agency operating world wide — recognized WYSD on July 15, 2017, and used #SkillsForAll and #WYSD, to raise awareness on the importance of youth developing skills.


Mukesh Kumar Jain appointed MD & CEO of Oriental Bank

  • The Centre has appointed Mukesh Kumar Jain as Managing Director and Chief Executive Officer of Oriental Bank of Commerce, a public sector bank.
  • His appointment is for a period of three years. Prior to this appointment, Jain was an Executive Director at Punjab & Sind Bank


Raipur Airport Ranked First in Customer Satisfaction Index Survey

  • Raipur’s Swami Vivekananda Airport was ranked first in Customer Satisfaction among 49 airports in the country.
  • Raipur Airport achieved 4.84 score on a five point scale index in the latest CSI (Customer Service Index) survey conducted by an independent agency for the period of January-June 2017, followed by Udaipur, Amritsar and Dehradun airports which have scored 4.75, 4.74 and 4.73 respectively.


Sundar Singh wins gold at World Para Athletics Championships

  • India’s Sundar Singh Gurjar has won gold on the opening night of 2017 World Para Athletics Championships in London. He triumphed in the men’s javelin throw with a personal best of 60.36 meters.
  • Sri Lanka’s Dinesh Priyantha Herath came second with 57.93 meters while defending champion Guo Chunliang of China was third with a season’s best 56.14 meters.







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