Daily Current Affairs 24th March, 2017

Daily Current Affairs 24th March, 2017


NATIONAL

NCST Approves Proposal for Five Additional Seats for Tribals in Sikkim Assembly

  • National Commission for Schedule Tribes (NCST) has approved the proposal for five additional seat for tribals in Sikkim assembly.
  • Out of the proposed additional eight seats, five seats would be reserved for Limbu and Tamang tribes.
  • At present there are 32 members in Sikkim assembly and it would be increased to 40. Reserve seats for STs are increased from 12 to 17.

Parliament passes The Employees Compensation (Amendment) Bill, 2016

  • The Parliament has passed The Employees Compensation (Amendment) Bill, 2016. The Bill amends the Employee’s Compensation Act, 1923.
  • It ensures compensation up to Rs 1 lakh to employee if an injured in an industrial accident and imposes hefty penalty in case of any violation by the employers.

Government to wind up 8 tribunals

  • The Lok Sabha has approved amendments to The Finance Bill, 2017 proposed by the Union Government to wind up eight tribunals.
  • These eight tribunals currently exclusively deal with disputes pertaining to employees’ provident fund (EPF), Competition law, Airports economic regulation, IT law, National highways, railways, copyrights and Forex.
  • The amendments in the Finance Bill of 2017 also has proposed changes in the norms for tribunals, appellate tribunals and other boards associated with the administration of 17 central laws

8 major tribunals that will cease to operate are:

  • Competition Appellate Tribunal: Its work now has will be transferred to the National Company Law Appellate Tribunal.
  • Airports Economic Regulatory Authority Appellate Tribunal (AERAAT) and Cyber Appellate Tribunal: Their functions will now be discharged by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).
  • EPF Appellate Tribunal: Its works will be transferred to the Industrial Tribunal that examines matters under the Industrial Disputes Act of 1947.
  • Cases under the Foreign Exchange Management Act of 1999: They will be transferred to Appellate Tribunal constituted under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976.
  • National Highways Tribunal: Now Highway disputes will now be adjudicated by the Airport Appellate Tribunal set up under the Airport Authority of India (AAI) Act,1994.
  • Railways Rates Tribunal: It was established for hearing matters under the Railways Act, 1989. Its workload will be transferred to the Railway Claims Tribunal.
  • Copyright Board: It was responsible for enforcing of the Copyright Act of 1957. Now it will be transferred to the Intellectual Property Appellate Board set up under the Trademarks Act of 1999.

ECONOMY

South Indian Bank introduces Aadhar-based payment app

  • To promote cashless digital transactions, South Indian Bank (SIB) has introduced Aadhar-based payment in its Unified Payment Interface (UPI) mobile application- ‘SIB M-Pay’.
  • Even non-customers of South Indian Bank can link any of their bank accounts in this mobile application.
  • With the latest addition in SIB M-Pay, the fund transfers can be done by just entering the Aadhar number of the beneficiary. SIB M-Pay app is currently available in Android Playstore.

Airtel acquires Tikona’s 4G business for ₹1,600 crore

  • Bharti Airtel has acquired Tikona Digital’s 4G airwaves for Rs 1,600 crore, ramping up its high-speed broadband spectrum capacity to take on Reliance Jio Infocomm and the Vodafone-Idea Cellular in the competitive market.
  • Bharti Airtel as India’s largest telecom company provides access to Tikona’s 4G airwaves in five circles are Gujarat, UP (East), UP (West), Himachal Pradesh, and Rajasthan.

NCLT gives nod for Cairn-Vedanta merger

  • The National Company Law Tribunal (NCLT) has approved the metals and mining firm Vedanta’s merger with its cash-rich oil subsidiary Cairn India, paving the way for the formation of the fourth-largest resource company in the world after BHP Billiton, RioTinto and Glencore Plc.

ENVIRONMENT,SCIENCE AND TECH

India ranks 87th on Energy Architecture Performance Index: WEF

  • India ranked 87th among the surveyed 127 countries on a Global Energy Architecture Performance Index (EAPI) released as part of report of Geneva- based World Economic Forum (WEF).
  • EAPI is a composite index developed by WEF in collaboration with Accenture Strategy. It focuses on tracking specific indicators to measure the energy system performance of the countries.
  • It has 18 indicators defined across the three sides of the ‘energy triangle’- economic growth and development, energy access and security and environmental sustainability.
  • Top 5 Countries: Switzerland (1), Norway (2), Sweden (3), Denmark (4) and France (5). India has marginally improved its ranking in this edition from 90th rank in 2016. But it ranks among the worst for pollution.

Sea ice hits record winter low

  • According to a study conducted by scientists, the sea ice cover in the Arctic and the Antarctic has hit new record lows for this time of year, marking the smallest polar ice caps in the 38-year satellite record.

The Concern

  • The ice floating in the Arctic Ocean grows and shrinks on a seasonal cycle, reaching its largest size in March and its smallest at the end of the summer melt in September. However, this march the ice cover reached “a record low wintertime maximum extent.”
  • This year’s Arctic maximum spanned 14.42 million sq.km. That is 95,829 sq.km. below the previous record low in 2015.
  • When scientists take account of the average sea ice extent for 1981-2010, this year’s ice cover is 12,19,884 sq.km. smaller. The Arctic sea ice maximum has dropped by an average of 2.8{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} per decade since 1979.
  • Besides, sea ice around Antarctica has also hit its lowest extent ever recorded by satellites in the Southern Hemisphere.
  • In the Antarctic, this year’s record low annual sea ice minimum was 21,10,840 sq.km. That was 1,83,889 sq.km. below the previous lowest minimum extent in the satellite record, which occurred in 1997.

IMPORTANT DAYS

World Tuberculosis Day- 24 March

  • World Tuberculosis Day celebrated on 24 March each year.
  • It commemorates the day in 1882 when Dr Robert Koch astounded the scientific community by announcing that he had discovered the cause of tuberculosis, the TB bacillus. Koch’s discovery opened the way towards diagnosing and curing TB.
  • The theme for World Tuberculosis Day 2017 is ‘Unite to End TB: Leave no one behind’. 2017 is the second year of a two-year “Unite to End TB” campaign for World TB Day.
  • On this occasion, WHO also released TB Ethics guidelines to ensure that the countries while implementing the End TB strategy adhere to sound ethical standards to protect the rights of all those affected.

AWARDS

Raghu Rai conferred with Lifetime Achievement award

  • Photojournalist Raghu Rai was conferred with the Lifetime Achievement Award by the Information and Broadcasting (I&B) Minister Mr. Venkaiah Naidu for “his remarkable contribution to the field.” at 6th National Photography Awards organized by the photo division of the ministry in the capital.

Yves Meyer wins the 2017 Abel Prize

  • The Norwegian Academy of Science and Letters has awarded the Abel Prize for 2017 to mathematician Yves Meyer.
  • He was awarded for his pivotal role in the development of the mathematical theory of wavelets. The theory of wavelets that he started and made fundamental contributions to finds wide-ranging applications from image processing to fluid dynamics.

OBITUARY

Writer Ashokamitran passes away

  • Prominent Tamil writer and Sahitya Akademi winner Ashokamitran died at the age of 86.
  • He was given the Sahitya Akademi Award in 1996 for his work Appavin Snegidhar, a collection of short stories.

BOOKS

Radha Mohan Singh launched Book titled ’50 Years – The Great Indian Milk Revolution’

  • The Union Minister of Agriculture and Farmers Welfare, Shri Radha Mohan Singh has launched a Coffee Table Book titled “50 Years – The Great Indian Milk Revolution” commemorating National Dairy Development Board’s (NDDB) Golden Jubilee year.

APPOINTMENT

RBI okays appointment of T S Anantharaman as part-time chairman

  • The Reserve Bank of India has accorded its approval for the appointment of T S Anantharaman as part-time Chairman of the bank.
  • Anantharaman has been holding the position of Non-Executive Director of the bank since August 28, 2009.

 

 

 

 

 

 

 

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