Daily Current Affairs 25th February, 2017

Daily Current Affairs 25th February, 2017


India, Bangladesh sign MoU for development of Sylhet

  • India has signed MoU with Bangladesh for the sustainable development of Sylhet, a north-eastern Bangladeshi city.
  • The signing was the follow-up of an earlier MoU which was signed by the two governments in April 2013 for the implementation of sustainable development projects in socio-economic sectors of Bangladesh.
  • Under the project in Sylhet, the Indian government will provide financial aid for the construction of a five-storey Kinder Garten and High School Building, a six-storey cleaner colony building; and for some development work in Dhupa Dighirpar area at a total cost of around Tk 240 million.


FDI inflow zooms 18{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} to USD 46 billion in 2016: DIPP

  • Foreign direct investment (FDI) in India grew 18{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion (DIPP). The country attracted FDI of $39.32 billion in 2015.
  • The main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.

India, ADB ink $375 mn loan pact for industrial corridor

  • India and ADB have signed USD 375 million pact for loans and grants to develop 800 km Visakhapatnam—Chennai Industrial Corridor,which is the first phase of a planned 2,500-km East Coast Economic Corridor.
  • The East Coast Economic Corridor (ECEC) is India’s first coastal economic corridor along its eastern coast, stretching about 2,500 kilometers from Kolkata in the north to Kanyakumari in the south.

Indian govt throws out red carpet for self-driven cars

  • India could soon see driverless cars on its roads as proposed amendments to the motor vehicles law will empower the government to permit the testing of such vehicles, an area in which companies such as Google, Tesla and Uber are heavily engaged.
  • The government will allow testing of these vehicles on a case-by-case basis once the law is in place. The move will allow Indian carmakers and technology firms to join the global race to develop self-driving cars.

Rajasthan 2nd largest crude oil producer in country

  • Rajasthan has become the second largest crude oil producer in the country after the offshore field Bombay High.
  • Oilfields in the state were producing nearly 90 lakh tones oil annually, which is 24 per cent of the total domestic crude oil production.

Gorb, Ola form tie up

  • Food technology company Gorb has partnered with cab aggregator Ola to offer food to consumers at discounted rates in Mumbai.
  • As per the deal, Ola riders will receive a code via SMS and mail every time they book a cab, which can be availed on the Gorb app or website to order food.
  • The offer, valid till April 30, 2017 will provide a discount of Rs. 100 on a minimum order value of Rs. 200. Launched in 2016, Gorb is a food-tech startup with a tagline ‘Jaisa Mood Waisa Food’.


Arctic vault receives new seed deposits

  • Nearly 10 years after a “doomsday” seed vault opened on an Arctic island, some 50,000 new samples from seed collections around the world, including India, have been deposited in the world’s largest repository built to safeguard against wars or natural disasters wiping out global food crops.
  • The latest specimens sent to the bank included more than 15,000 reconstituted samples from an international research centre that focuses on improving agriculture in dry zones. The specimens consisted of seed samples for some of the world’s most vital food sources like potato, sorghum, rice, barley, chickpea, lentil and wheat.
  • The newly deposited 50,000 samples were from seed collections in Benin, India, Pakistan, Lebanon, Morocco, Netherlands, the US, Mexico, Bosnia and Herzegovina, Belarus and Britain.  

About the seed vault:

  • The Svalbard Global Seed Vault, a gene bank built underground on the isolated Norwegian island in a permafrost zone some 1,000 kilometres from the North Pole, was opened in 2008 as a master backup to the world’s other seed banks, in case their deposits are lost.
  • It is located on the Svalbard archipelago between mainland Norway and the North Pole.
  • Conservationist Cary Fowler, in association with the Consultative Group on International Agricultural Research (CGIAR), started the vault to preserve a wide variety of plant seeds that are duplicate samples, or “spare” copies, of seeds held in gene banks worldwide.
  • The seed vault is an attempt to insure against the loss of seeds in other genebanks during large-scale regional or global crises. The seed vault is managed under terms spelled out in a tripartite agreement between the Norwegian government, the Global Crop Diversity Trust (GCDT) and the Nordic Genetic Resource Center (NordGen).







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