Daily Current Affairs 21st June, 2017
China offers to build dam in Gilgit-Baltistan that ADB, World Bank refused to fund
- China has offered to make a dam (Diamer-Bhasha Dam) project on the Indus River that India objects to, a part of the China-Pakistan Economic Corridor (CPEC).
- The Diamer-Bhasha Dam is a project that both the World Bank and the Asian Development Bank (ADB) have refused to touch because India objects to its location, which is in the Gilgit-Baltistan region. India claims the region is a part of Kashmir. A little over a year ago, the US was making noises about supporting the project and India didn’t shy away from showing it was peeved.
- Two years ago, the World Bank refused to come on board as a lender for the dam project, because Pakistan didn’t want to seek a no-objection certificate from India for the project. And last November, the ADB too declined to fund what’s said to be a $14 billion project.
India ratifies United Nations TIR Convention
- India has become the 71st country to ratify the United Nations TIR (Transports Internationaux Routiers) Convention, a move that will help boost trade through smoother movement of goods across territories.
- The ratification is a part of India’s multi-modal transport strategy that aims to integrate the economy with global and regional production networks through better connectivity.
ECONOMY,BANKING AND FINANCE
Meghalaya Govt signs two MoUs with SBI for digital transaction
- Meghalaya government has signed two MoUs with the State Bank of India as a part of an initiative towards migrating government transactions to digital mode.
- With the implementation of the Goods and Services Tax(GST), these MoUs are expected to give dealers and other citizens the desired platform for conducting financial transactions with the state government on a digital platform.
- The state government will now escalate its transactions for the collection of tax and non-tax revenue through the online system – Government Receipt Accounting System (GRAS) covering all departments in a phased manner.
- This facility will be available through the gateway provided by SBI ePay under the MoU.
Hike Messenger partners with YES Bank to launch in-app Wallet
- Hike Messenger launched the new version of the app with a completely new interface and the addition of a mobile wallet, in partnership with YES Bank.
- With Unified Payments Interface support enabled in Hike 5.0, users can now do free and instant bank-to-bank transfers with their friends.
- The feature works even if your friends aren’t on Hike. For those who don’t actively use a bank account, Hike still allows them to send and receive money with your friends through the Wallet
Punjab Announced Free Education For Girls From Nursery To PhD
- The Punjab Government has announced free education for girls in government schools and colleges from Nursery to Ph.D.
- This is the major step towards women empowerment by Punjab CM Captain Amarinder Singh.
- Reservation for women in Panchayati Raj Institutions and Urban Local Bodies has already been increased by the government from 33 per cent to 50 per cent.
- The CM also announced free Wi-FI for 13,000 primary schools and all 48 government colleges.
First Indigenously built Floating Dock Launched by L&T
- Larsen & Toubro has launched the first indigenously built Floating Dock (FDN-2) to repair Indian Navy ships at its Shipyard at Kattupalli, north of Chennai.
- The floating shipyard would be handed over to the Indian Navy after conducting three to four months of trial.
- After the trials, FDN-2 will be moved to Andaman & Nicobar Islands. There it would be used for repairing assets of the Indian Navy and also of other services.
- These floating docks are capable of being installed either along a jetty, moored in calm waters and also moved to high seas enabling round-the-year operation. FDN-2 will be capable of repairing up to 8,000-tonne ships with draught up to 7 metres, including submarine FDN-2 will be capable of simultaneous docking of multiple ships.
- In addition, off-center docking options were also feasible. It has hauling-in system to handle a ship’s docking and undocking operations. It can also cater to the ships berthed along its side. At any point of time, FDN-2 can cater to six ships for repairs or refit. The FDN-2 is a wholly Made in India product.
- The 468 crore FDN-2 was lowered into the Bay of Bengal by Anjali Deshpande, wife of the Vice-Admiral Controller Warship Production and Acquisition of Indian Navy, DM Deshpande
BIO International Convention
- The Biotechnology Innovation Organization (BIO) BIO 2017 is being held in the San Diego Convention Centre, San Diego. India is also taking part in the convention.
- The BIO International Convention is the largest global event for the biotechnology industry and attracts the biggest names in biotech, offers key networking and partnering opportunities, and provides insights and inspiration on the major trends affecting the industry. The first BIO International Convention was held in 1993 and attracted approximately 1,400 attendees.
- The event features keynotes and sessions from key policymakers, scientists, CEOs, and celebrities. The Convention also features the BIO Business Forum (One-on-One Partnering), hundreds of sessions covering biotech trends, policy issues and technological innovations, and the world’s largest biotechnology exhibition – the BIO Exhibition.
- The BIO International Convention is hosted by the Biotechnology Innovation Organization (BIO). BIO represents more than 1,100 biotechnology companies, academic institutions, state biotechnology centers and related organizations across the United States and in more than 30 other nations. BIO members are involved in the research and development of innovative healthcare, agricultural, industrial and environmental biotechnology products.
SCIENCE AND TECH
NASA tests ROSA on Space Station for First Time
- NASA is testing the effectiveness of a flexible solar array, the Roll-Out Solar Array, or ROSA, on space station for the very first time.
- ROSA is expected to one day power satellites and spacecraft. NASA had earlier tested the ROSA technology in vacuum chambers on the Earth but this is the first time it is testing the technology in space.
June 21: International Yoga Day
- June 21st is annually celebrated as International Yoga Day since the year 2015. This year, the 3rd International Day of Yoga is being observed.
- The purpose of the yoga day is to promote yoga and make it as a part of people’s daily routine. The President of India, Pranab Mukherjee has inaugurated a mass yoga demonstration to commemorate the 3rd International Day of Yoga at Rashtrapati Bhavan.
- According to UN, this year Yoga Day’s theme is “Yoga for Health“. The theme has been chosen to highlight the fact that yoga can contribute in a holistic way to achieving an equilibrium between mind and body.
AWARDS AND HONOURS
Ramamani Iyengar Memorial Yoga Institute bags PM’s Yoga Award
- Ramamani Iyengar Memorial Yoga Institute, Pune has become the first recipient of the Prime Minister’s Award for outstanding contribution to promotion and development of Yoga.
- PM’s Yoga Award was instituted at the 2nd International Day of Yoga celebrations at Chandigarh by Prime Minister Narendra Modi. Prime Minister had instituted the award for promoting the ancient Indian spiritual discipline.
- The Ministry of AYUSH framed guidelines for the awards and constituted two committees, namely, screening committee (for preliminary evaluation) and evaluation committee (Jury). The Institute has been selected from among 85 nominations and 15 more recommended by the Screening Committee.
- The Award was recommended by an Evaluation Committee (Jury) under the Chairmanship of the Cabinet Secretary. Ramamani Iyengar Memorial Yoga Institute has worked to spread Yoga both domestically and internationally over a period of four decades.
- It has also published a number of books on yoga which has been translated into multiple languages.
PERSONS IN NEWS
India Re-Nominates Dalveer Bhandari For Another Term As Judge At International Court of Justice
- India has re-nominated Justice Dalveer Bhandari as its candidate for another term as judge at the International Court of Justice or ICJ, the principal judicial organ of the United Nations or UN.
- The ICJ consists of 15 judges elected to nine-year terms by the United Nations General Assembly and the Security Council that vote simultaneously but separately.
- In order to be elected, a candidate must receive an absolute majority of the votes in both bodies (UNSC and UNGA).
- Judges will be elected from among persons of high moral character, who possess the qualifications required in their respective countries for appointment to the highest judicial offices, or are jurisconsults of recognised competence in international law.
- Judges are chosen on the basis of their qualifications, not their nationality, but no two judges can be from the same nationality. Effort is also taken to ensure that the principal legal systems of the world are reflected in the composition of the court.