Daily Current Affairs 17th July, 2017
ECONOMY,BANKING AND FINANCE
IBBI notifies rules for bankruptcy probe
- The Insolvency and Bankruptcy Board of India (IBBI) has notified regulations for inspection and investigation of service providers registered with it.
- Under the Insolvency and Bankruptcy Code (IBC) implemented by IBBI, service providers are insolvency professional agencies, entities, professionals and information utilities. New regulations
- The investigation authority has to serve a notice intimating the entity concerned about the probe at least 10 days in advance.
- However, this requirement can be done away with on grounds such as apprehensions that the records of the particular service provider might have been destroyed before the probe starts.
MobiKwik Partnered with Samsung Pay Mini
- Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
- Samsung had unveiled a ‘Mini’ version of the platform that integrates UPI and mobile wallets to work on mid-range priced smartphones.
Five P Venture inks pact with Central Silk Board
- Erode-based Five P Venture India Private Ltd and Central Silk Board (CSB) inked an agreement for development and commercialization of handloom silk products.
- This MoU signed at the first-ever mega trade fair for the textile sector organized by the Ministry of Textiles at Gandhinagar. This step will also help revive the heritage skills of the handloom weavers in Chennimalai belt.
Govt. clears three export infra plans
- The Centre – for the first time under a new scheme called Trade Infrastructure for Export Scheme (TIES) launched in March to address the infrastructure problem — has given its approval for three proposals.
- An Integrated Cargo Terminal (ICT) at the Imphal International Airport.
- Modernisation of infrastructure facility in Karnataka for marine exports.
- Construction of a new ‘Standard Design Factory’ building at Cochin Special Economic Zone (SEZ).
ENVIRONMENT,SCIENCE AND TECH
GSI discovers millions of tonnes of precious metals and minerals in Indian waters
- Scientists from the Geological Survey of India (GSI) have discovered the presence of millions of tonnes of precious metals and minerals deep under the waters within the Exclusive Economic Zone (EEZ) of peninsular India.
- They have confirmed the presence large amount of lime mud, phosphate-rich and calcareous sediments, hydrocarbons, metalliferous deposits and micronodules.
- They believe that deeper and more extensive exploration could lead to a larger treasure trove.
- The presence of lime mud, phosphate-rich sediments was discovered off Karwar, Mangaluru and Chennai coasts, gas hydrate in the channel-levee system of Mannar Basin off the Tamil Nadu coast, icro-manganese nodules around Lakshadweep
SOHUM: Indigenously developed low-cost hearing screening device for newborns launched
- The Union Ministry of Science and Technology has launched SOHUM, an indigenously developed low-cost hearing screening device for newborns.
- The innovative medical device has been developed by the School of International Biodesign (SIB) startup Sohum Innovation Labs India Pvt Ltd under Department of Biotechnology (DBT) supported (SIB).
Scientists develop super-flexible and strong artificial silk
- Scientists from the University of Cambridge have developed super-stretchy and strong artificial (synthetic) spider silk, almost entirely composed of water.
- The synthetic spider silk mimics properties of spider silk, one of nature’s strongest materials for a range of applications such as making eco-friendly textiles and sensors.
Justice Gopal Prasad Parajuli to be the new Chief Justice of Nepal
- Justice Gopal Prasad Parajuli will be the new Chief Justice of Nepal. The Parliamentary Hearing Special Committee (PHSC) unanimously endorsed Justice Parajuli’s name for the post of Chief Justice of Supreme Court.
- After endorsement by PHSC the President will now appoint him as the Chief Justice. He will head the Judiciary till April 28, 2018.
Shri R K Pachnanda takes charge as Director General, ITBP
- Shri R K Pachnanda, an IPS officer, took charge as the new Director General of Indo-Tibetan Border Police (ITBP), recently.
- Shri Krishna Chaudhary, DG who retired on superannuation, handed over the customary baton to Shri Pachnanda. Shri Pachnanda is the 29th Chief of the ITBP.
Former Sikkim CM Nar Bahadur Bhandari passes away
- Nar Bahadur Bhandari, one of the longest-serving chief ministers of Sikkim has died recently. Mr. Bhandari, a three-term former Chief Minister was 77 years old.
- He became the Chief Minister of Sikkim for the first time in 1979 on a Janata Parishad ticket and then again in 1984 and 1989 on a Sikkim Sangram Parishad ticket.
India’s Harinder Pal Sandhu wins Victorian Open squash tournament
- India’s Harinder Pal Sandhu (28) won the Victorian Open squash tournament held in Melbourne, Australia. In the final he defeated Rex Hedrick of Australia by 12-14, 11-3, 11-4 score.
I H Manudev wins 1st National Masters snooker tournament title
- I H Manudev has won the first National Masters snooker tournament title in Chennai. Alok Kumar, a former national men’s champion, had been in fine form coming into the summit clash but found Karnataka’s Manudev a tough proposition.