Daily Current Affairs 26th February, 2017

Daily Current Affairs 26th February, 2017


Centre frames infrastructure policy to check challenges of urbanisation

  • To address the emerging urbanisation challenges, the government has come out with an infrastructure policy to promote living close to mass public transport corridors like metro, monorail and bus rapid transit.
  • This policy seeks to promote Transit-Oriented Development (TOD), a type of infrastructure development which enables people to live within walking or cycling distance from transit corridors.
  • The initiative comes in the context of over 300 km of Metro lines being operational in seven cities, another 600 kms of metro line projects under construction in 12 cities and over 500 km projects under consideration.
  • TOD will be financed by channelising a part of increases in property values resulting from investments in transit corridors through Betterment Levies and Value Capture Financing tools. Increased private sector participation will result in economic development and employment generation.
  • TOD Policy also aims at inclusive development by ensuring mixed neighbourhood development in the form of a range of housing choices including affordable housing and ensuring spaces for street vendors.
  • TOD is being taken up Ahmedabad, Delhi (Kakardooma), Naya Raipur, Nagpur and Navi Mumbai and the Ministry would like this to be expanded to other cities as well.


India To Remain Fastest Growing Economy Among G-20 Nations Despite Demonetization: Moody’s

  • As per the report titled‘Modest Acceleration in the Global Economy, but Shifting US Policies Inject Uncertainty’, India is expected to have the fastest-growing economy among all G-20 countries with growth rate at 7.1{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} for 2017, though lower as compared to previous expectation of 7.5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}
  • The Indian economy had slowed in the fourth quarter of 2016 due to the withdrawal of 86 per cent of the currency in circulation — without an immediate replacement.
  • “India is forecast to have the fastest-growing economy among all G-20 countries with growth put at 7.1 per cent for 2017, down from a previous expectation of 7.5 per cent because of the effects of demonetisation,” Moody’s said.
  • With regard to global growth, Moody’s said continuing cyclical recovery in global economic activity with growth in G-20 countries picking up modestly to 3 per cent in 2017 and 2018 from 2.6 per cent in 2016, but potential shifts in US policy add uncertainty to this forecast.
  • The report also observed that China’s economy of 6.7{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2016 may continue to decelerate to 6.3{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} and 6{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2017 and 2018 respectively.
  • Moody’s has revised the US’s GDP growth forecast to 2.4{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} from 2.2{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2017 and 2.5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} from 2.1{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2018.

TCS Ranked Among Top Three IT Services Brands Globally by Brand Finance

  • India’s largest software services firm Tata Consultancy Services (TCS) has been rated as one of the top three most-valuable brands in the information technology (IT) service sector by Brand Finance, the leading global brand valuation firm.
  • However, the overall global position of the company dropped down by one spot to 25th from 2016 when it was 24.
  • Other Indian origin IT services companies that made it to the top 10 of the brand value list are Infosys at number 6 and HCL Tech at number 8.

Mumbai Named Richest Indian City with Total Wealth of $820 bn According to New World Wealth Report

  • According to the New World Wealth report released on February 21, 2017, Mumbai, the financial capital of India has been named as the Richest Indian city with a total wealth of $ 820 billion.
  • The South Africa-based market research group, New World Wealth has reported that Mumbai is home to 46,000 millionaires and 28 billionaires
  • Mumbai is followed by Delhi at second place with a total wealth of $ 450 billion and having 23,000 millionaires and 18 billionaires.
  • Besides, Bengaluru stands at third place with a total wealth of $ 320 billion and houses 7,700 millionaires and 8 billionaires.
  • The report estimated about 11,000 millionaires moved to Australia in 2016 which marks the highest such inflow in any country. Besides, 10,000 moved to the US and 3,000 moved to the UK.


Researchers at IIT Kharagpur Develops Prototype to Protect IoT Devices

  • A team of researchers at the Indian Institute Of Technology, Kharagpur (IIT Kgp) have designed ‘Physically Unclonable Functions’ (PUF) based on fingerprint generator circuits to protect Internet of Things (IoT) infrastructure from being hacked.
  • The PUF are light weight and require little power. They can be easily installed in any electronic device.
  • The fingerprint generator circuits will enable the receiving device to read the command, verify the authenticity of the sender and then operate.
  • It will help to uniquely identify each object and thus enable authenticating the commands sent to connected IoT devices.

Internet of Things

  • The Internet of things is the internetworking of physical devices, vehicles (also referred to as “connected devices” and “smart devices”), buildings, and other items—embedded with electronics, software, sensors, actuators, and network connectivity that enable these objects to collect and exchange data.


Three Poets From Maharashtra Conferred with Vishakha Awards

  • Three poets from Maharashtra have been conferred with the Vishakha Awards on February 26, 2017 at the Kalidas Kalamandir Hall in Maharashtra during the occasion of Marathi Bhasha Gaurav Din.
  • iThe first prize of Rs 21,000 was given to Dr Yogini Satarkar-Pande from Nanded for her book ‘Janivanche Hirve Komb’. The second prize of Rs 15,000 was given to Mohan Kumbhar from Sindhudurg for his book ‘Jagnyache Gatha’.
  • The third prize of Rs 10,000 was given to Vishnu Thore of Nashik for his book ‘Dhulpera Usvata’.


Former CM T R Zeliang appointed Finance Advisor to Nagaland government

  • Former Nagaland Chief Minister T R Zeliang was appointed as Finance Advisor to the Nagaland government in the rank of a cabinet minister by the Nagaland  governor P B  Former CM T R ZeliangAcharya on February 25, 2017
  • Zeliang has resigned from the chief ministership on February 19, 2017.He was replaced by Shurhozelie Liezietsu.


Rajasthan Inaugurates Medical Project RAHAT for Prompt Treatment of Heart Disease

  • Rajasthan Chief Minister Vasundhara Raje inaugurated a medical project Rajasthan Heart Attack Treatment programme (RAHAT) on February 25, 2017 at the Eternal Heart Care Center Hospital in Jaipur.
  • Rajasthan Inaugurates Medical Project RAHAT for Prompt Treatment of Heart Diseaseii. Raje also flagged off an ambulance fitted with equipment and trained paramedical staff required for treatment of heart disease.
  • RAHAT programme aims to provide people in remote and rural areas with timely treatment during heart attacks. It has been launched by the private hospitals in the state.
  • Under the programme, the patients facing heart attack would be provided with emergency ambulance service and telemedicine service through Eternal Heart Care Centre Hospital.
  • Patient would be given the basic treatment in the ambulance on the way to the nearest Heart Hospital and the same would be shared with the Hospital’s Command centre through GPS.
  • Rajasthan has become the second state in India after Tamil Nadu to launch proragmmes against Heart Diseases.
  • Rajasthan has launched several initiatives to boost the medical and health sector of the state such as Arogya Rajasthan, new medical colleges and Bhamashah Swasthya Bima Yojana etc.


R Ashwin Breaks Kapil Dev’s Record to Become Highest Test Wicket Taker in Home Season

  • Indian off-spinner Ravichandran Ashwin surpassed India’s former legendary allrounder Kapil Dev to become the highest wicket-taker in a home Test season
  • Ashwin has scored 67 wickets from 10 Tests in 2016-17 season played in India. Former Indian captain Kapil Dev took 63 wickets from 13 matches in the 1979-80 season.





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