Daily Current Affairs 21st April, 2017

Daily Current Affairs 21st April, 2017

INTERNATIONAL

Pakistan Leases Gwadar port to a State-run Chinese firm for 40 years

  • Pakistan has leased the operations of its strategic Gwadar port to a State-run Chinese firm, the China Overseas Port Holding Company (COPHC) for a period of 40 years.
  • COPHC is slated to carry out all the developmental work on the port situated in the Balochistan province of Pakistan. COPHC took over the operations of the port in 2013.
  • Previously, the control of the Gwadar port was with Singapore’s PSA (Port of Singapore Authority) International.
  • As per the contract, 91{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} share of revenue collection from gross revenue of terminal and marine operations as well as 85{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} share from gross revenue of free zone operation will go to the COPHC. The provinces will not be given any share in the revenue collection.

NATIONAL

SC sets 25{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of husband’s net salary as alimony

  • The Supreme Court in its latest ruling has set 25{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the net salary as the maintenance to be paid by a husband to his estranged wife.
  • The Court has observed that the alimony paid to a woman must be “just and proper” and must be sufficient enough to ensure that a woman lived with dignity after separating from her husband.
  • It has further observed that the alimony must be befitting the status of the parties and the capacity of the spouse to pay maintenance.
  • The ruling has come on a man’s plea challenging Calcutta High Court’s order that asked him to pay Rs 23,000 every month as alimony to his former wife. But the Bench of justices R Banumathi and MM Santanagoudar turned down his plea that the amount was excessive. The present ruling delivered by the Supreme Court follows its inclination to safeguard the interest of women in matrimonial disputes affecting their financial status.
  • In an earlier judgment delivered in 2016, the apex court had observed that as per Hindu Law, the husband has got a personal obligation to maintain his wife whether or not he possessed any property. In case if he possessed of properties, then his wife will be entitled to a right to be maintained out of such properties.

ECONOMY, BANKING AND FINANCE

Reliance Industries Ltd. become most-valued Indian company

  • The Mukesh Ambani-led Reliance Industries Ltd. (RIL) regained its status as India’s most valued firm by market capitalization.
  • RIL overtook Tata Group’s crown jewel TCS. TCS had replaced RIL as the most valued firm more than four years ago.

Steel Minister Chaudhary Birender Singh inaugurated ‘India Steel 2017’ in Mumbai

  • The 3rd edition of International Conference and Exhibition on Steel Industry ‘India Steel 2017’ was held at Mumbai Exhibition center in Mumbai from 19th-21st April 2017.
  • It was inaugurated by Union Steel Minister Chaudhary Birender Singh. First of its Kind exhibition-cum-conference was organized by Federation of Indian Chambers of Commerce and Industry (FICCO) along with Union Ministry of Steel.

Anti-dumping duty likely on hydrogen peroxide

  • Government is planning to impose anti-dumping duty of up to $118 per tonne on import of hydrogen peroxide used by industries in applications such as corrosion control and paper bleaching from six countries.
  • The move is aimed at guarding domestic players from cheap imports of ‘hydrogen peroxide’ from Bangladesh, Taiwan, Korea, Indonesia, Pakistan and Thailand.
  • Hydrogen peroxide is a colourless liquid, slightly more viscous than water.
  • Hydrogen peroxide is the simplest peroxide.
  • It is used as an oxidizer, bleaching agent and disinfectant. It is also used as ripening agent.
  • Concentrated hydrogen peroxide, or “high-test peroxide”, is a reactive oxygen species and has been used as a propellant in rocketry.
  • Hydrogen peroxide is unstable and slowly decomposes in the presence of base or a catalyst. Because of its instability, hydrogen peroxide is typically stored with a stabilizer in a weakly acidic solution.
  • Hydrogen peroxide is found in biological systems including the human body. Enzymes that use or decompose hydrogen peroxide are classified as peroxidases.

ENVIRONMENT,SCIENCE AND TECH

After Mars, ISRO decides it’s time to probe Venus:

  • The Indian Space Research Organisation (ISRO) has invited scientists to suggest studies for a potential orbiter mission to Venus – somewhat similar to the one that landed in Mars in 2013.
  • ISRO plans to send a spacecraft that will initially go around Venus in an elliptical orbit before getting closer to the ‘Yellow Planet’. It will carry instruments weighing 175 kg and using 500W of power.
  • Venus, the second planet from the Sun, comes closest to Earth roughly every 583 days, or about 19 months.
  • Venus, our closest planetary neighbour, is similar to Earth in many aspects. However, it takes only 225 days to revolve around the Sun. Secondly, the surface is very hot due to nearness to the Sun.
  • Ever since the then USSR sent the Venera mission to Venus in February 1961, there have been close to 30 missions to the planet, the last one being Japan’s Akatsuki in 2010. These comprised orbiters, landers, atmospheric probes and fly-bys.
  • The erstwhile Soviet Union tops the list with 16 Veneras and two Vegas. The US had Mariner, Pioneer and Magellan missions.

IMPORTANT DAYS

11th Civil Services Day function held in New Delhi

  • The Union Home Minister Shri Rajnath Singh inaugurated the two-day 11th Civil Services Day program (20-21 April) in New Delhi.
  • Civil Services Day is celebrated in India every year on 21st April. The function was organized by the Department of Administrative Reforms and Public Grievances (DARPG), Ministry of Personnel, Public Grievances, and Pensions.
  • This day coincides with the date on which SardarVallabhbhai Patel had addressed the first batch of probationers at the All India Administrative Service Training School at Metcalfe House, New Delhi in 1947.

PERSONS IN NEWS

Narendra Modi, Paytm’s Vijay Shekhar Sharma in Time’s ‘most influential people’ list

  • Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians to make it to an annual list of ‘100 most influential people in the world’ 2017, released by the Time magazine.

SPORTS

Rio Olympics silver medallist P.V.Sindhu moves to No. 3 in World Ranking

  • Ace shuttler PV Sindhu has been ranked No. 3 in the latest BWF ranking. Sindhu who was at No.5 climbed up two places on the basis of making the quarter-finals of the recently-concluded Singapore Open Super Series.
  • Sindhu’s career best is when she reached World No. 2 two weeks ago. As per the latest BWF ranking, London Olympics bronze medallist Saina Nehwal has been ranked eighth. Kidambi Srikanth and B Sai Praneeth have been placed at 21st and 22nd positions respectively.

 

 

 

 

 

 

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