Daily Current Affairs 21st July, 2017

Daily Current Affairs 21st July, 2017

INTERNATIONAL

India-Japan agreement on peaceful uses of N-energy comes into force

  • India-Japan agreement for Cooperation in the Peaceful Uses of Nuclear Energy has come into force recently. Foreign Secretary S Jaishankar and Ambassador of Japan to India Mr. Kenji Hiramatsu exchanged diplomatic notes in this regard. The agreement was signed on 11th November 2016 in Tokyo during Prime Minister Narendra Modi’s visit to Japan.
  • The agreement is a reflection of the strategic partnership between the two sides and will pave the way for enhanced cooperation in energy security and clean energy.

ECONOMY,BANKING AND FINANCE

FM Arun Jaitley releases National Trade Facilitation Action Plan

  • Finance Minister Arun Jaitley released the National Trade Facilitation Action Plan. The WTO-Trade Facilitation Agreement (TFA) was a major milestone for the global trading system.
  • This Action Plan gives a time bound map, not only for implementing TFA, but also for India’s initiatives for trade facilitation and ease of doing business which goes beyond TFA. According to a Finance Ministry statement, all actions covered under the plan have been categorised by prioritising the activities into short, mid and long term.

SEBI inks pact with ESMA for information exchange on CCPs

  • Markets regulator SEBI has entered into a pact with the European Securities and Markets Authority (ESMA) for exchange of information concerning Central Counterparties (CCPs). CCPs are entities that help facilitate clearing and settlement activities.
  • The MoU establishes cooperation arrangements, including exchange of information regarding CCPs which are established and authorised or recognised in India by SEBI and which have applied for EU recognition under EMIR.

GOVT SCHEME/DIGITAL INDIA

Telangana launches ‘Janahitha’ for speedy redressal of public grievances

  • The Telangana government launched a special portal called “Janahitha” to receive complaints from the public.
  • The programme was inaugurated in Suryapet district on a pilot basis by Telangana Energy minister G Jagadish Reddy. The portal, which has been developed by Telangana’s IT department, is a single window for all grievances and their redressal management.

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

  • Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens, has been launched.
  • PMVVY is a Pension Scheme exclusively for the senior citizens aged 60 years and above.
  • The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme.
  • Pradhan-Mantri-Vaya-Vandana-Yojana
  • Scheme provides an assured return of 8{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} p.a. payable monthly (equivalent to 8.30{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} p.a. effective) for 10 years.
  • Pension is payable at the end of each period, during the policy term of 10 years, as per the frequency of monthly/ quarterly/ half-yearly/ yearly as chosen by the pensioner at the time of purchase.
  • The scheme is exempted from Service Tax/ GST.
  • On survival of the pensioner to the end of the policy term of 10 years, Purchase price along with final pension installment shall be payable.
  • Loan upto 75{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of Purchase Price shall be allowed after 3 policy years (to meet the liquidity needs). Loan interest shall be recovered from the pension installments and loan to be recovered from claim proceeds.
  • The scheme also allows for premature exit for the treatment of any critical/ terminal illness of self or spouse. On such premature exit, 98{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the Purchase Price shall be refunded.
  • On death of the pensioner during the policy term of 10 years, the Purchase Price shall be paid to the beneficiary.

DEFENCE

Indian Army inks MoU with DRDO to raise MRSAM defence system regiment

  • The Indian Army has signed MoU with Defence Research and Development Organisation (DRDO) to raise one regiment of the advanced Medium Range Surface to Air Missiles (MRSAM) defence system.
  • The Indian Army is planning to have a total of five regiments of MRSAM defence system, which will be deployed opposite to China and Pakistan. Each regiment consists of four launchers with three missiles each.
  • So five regiments will have total 60 missiles. Earlier the Cabinet Committee on Security (CCS) headed by PM Narendra Modi had approved proposal for procuring MRSAM system for the army.

Indian Navy’s second LCU Mark IV L52 ship launched by GRSE

  • Indian Navy’s second LCU (landing craft utility) Mark IV L52 ship built by Garden Reach Shipbuilders and Engineers Limited (GRSE), Kolkata, was formally launched in Kolkata, West Bengal.
  • The LCU Mark-IV vessels are designed for multipurpose amphibious operations jointly carried out Indian Navy and Indian Army to ensure maritime security of Andamans and Lakshadweep islands. LCU L52 ship is the second in series of the eight Mark IV LCU vessels built by GRSE for Navy.
  • The first ship of the series was commissioned in 2016.

EVENTS

200th anniversary celebrations of the Paika Rebellion

  • The President of India Shri Pranab Mukharjee recently inaugurated the “Bicentenary celebration of the heroic Paika Rebellion of Odisha, a valiant uprising of Paikas against the British rule” organised by the Ministry of Culture.

About Paika rebellion:

  • Two-hundred years ago in 1817, a valiant uprising of soldiers led by Buxi Jagabandhu (Bidyadhar Mohapatra) took place in Khurda of Odisha. This is known as Paika rebellion.
  • The Paikas were the traditional land-owning militia of Odisha and served as warriors. When armies of the East India Company overran most of Odisha in 1803, the Raja of Khurda lost his primacy and the power and prestige of the Paikas went on a decline. The British were not comfortable with these aggressive, warlike new subjects and set up a commission under Walter Ewer to look into the issue.
  • The commission recommended that the hereditary rent-free lands granted to the Paikas be taken over by the British administration and this recommendation was zealously adhered to. They revolted against the British.
  • However, the rebellion had several other underlying causes – like the rise in the price of salt, abolition of the cowrie currency for payment of taxes and an overtly extortionist land revenue policy.
  • Although initially the Company struggled to respond they managed to put down the rebellion by May 1817. Many of the Paik leaders were hung or deported. Jagabandhu surrendered in 1825.

ENVIRONMENT,SCIENCE AND TECH

Astrosat, Chandra and Hubble jointly detect massive cosmic explosion on Proxima Centauri

  • India’s first dedicated space observatory AstroSat along with other space and earth-based observatories have detected a massive coronal explosion on Proxima Centauri, sun’s closest star neighbour.
  • The explosion was detected as part of joint multi-wavelength simultaneous observational campaign undertaken by three space-based observatories, Astrosat, Chandra and Hubble Space Telescope and the ground-based High Accuracy Radial velocity Planet Searcher (HARPS) observatory.

India’s first Eco-bridges for the movement of tigers in Telangana

  • In a first of its kind, Telangana State will have eco-friendly bridges over a canal cutting across the tiger corridor linking the Tadoba-Andhari Tiger Reserve (TATR) in the Chandrapur district of Maharashtra with the forests in Telangana’s Kumram Bheem Asifabad district.
  • The ‘eco-bridges’ will be constructed at key spots along the 72 km-long, and at some places over a kilometre wide, right flank canal of the Pranahita barrage in the Bejjur and Dahegaon mandals.

 

 

 

 

 

 

 

 

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