Daily Current Affairs 2nd June, 2017

Daily Current Affairs 2nd June, 2017


 India gifts 2,000 bicycles to poor dalit girls in Nepal

  • India has gifted 2,000 bicycles to poor dalit girls in different government schools of Nepal to encourage them to enrol in schools and enhance the literacy rate among them.
  • The bicycles gifting programme received a total financial assistance of NRs 13.65 million by the Government of India under its Small Development Project scheme.
  • Apart from this, the Government of India has been extending assistance to various programmes for improvement of education and health services in all districts of Nepal, like gifting 59 ambulances, 7 buses and one eye care van in four districts to cater the medical and educational needs of the local people. The projects are the part of India-Nepal Economic programme which has an outlay of over NRs 76 billion with more than 529 large and small development projects completed or currently being implemented all across Nepal.


Rajasthan leads in child marriages

  • The report of a study conducted on child marriages by Young Lives in coordination with the National Commission for Protection of Child Rights (NCPCR) has been released.
  • Rajasthan has reported the highest incidence of child marriages in the country. 2.5{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of marriages of minor girls were reported in Rajasthan.
  • Rajasthan is followed by 15 States, including Meghalaya, Arunachal Pradesh, Bihar, Uttar Pradesh, Gujarat, Sikkim, Madhya Pradesh, West Bengal, Nagaland, Assam, Maharashtra, Tripura, Dadra & Nagar Haveli and Karnataka.
  • Rajasthan also topped in the percentage (4.69{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}) of boys marrying below the legal age of 21 years. Thirteen other States reported a higher percentage of child marriages among boys when compared with the national average.
  • No marriage below 10 years of age was reported across the country.
  • Across the country, 12.9{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of girls got married in the age of 10-17 years and 43.6{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} between 18-20 years. However, only 4.9{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of boys got married in the 10-17 years age group and 11.2 {be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in the 18-below 21 age group.
  • There is a minor decline of 0.1{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in the marriage of minor girls. The decline in rural India, between 2001 and 2011 Census, was marginally higher than in the whole of the country. However, the incidence of child marriage among girls increased substantially in urban India from 1.78{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2001 to 2.45{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} in 2011. The absolute number of girls married below legal age was 5.1 million.

Global Peace Index 2017

  • India has been ranked 137th in the Global Peace Index 2017, which ranks 163 independent states and territories according to their level of peacefulness.
  • In Last year’s index, India was ranked 141st. This is the eleventh edition of the Global Peace Index (GPI).
  • The index is compiled every year by the Sydney-based think tank Institute for Economics and Peace.
  • GPI is considered as one of the most comprehensive analysis that captures trends in peace, its economic value, and how to develop peaceful societies.
  • It has used 23 qualitative and quantitative indicators to measure the state of peace using three thematic domains: the level of Societal Safety and Security; the extent of Ongoing Domestic and International Conflict; and the degree of Militarisation.
  • Various parameters like the homicide rate, the ease of access to weapons, the impact of terrorism and the number of armed services personnel in the population were analyzed in preparing the multifaceted index of peace indicators.
  • Top 10 Peaceful Countries  Iceland (1), New Zealand (2), Portugal (3), Austria (4), Denmark (5), Czech Republic (6), Slovenia (7), Canada (8), Switzerland (9), Ireland (10).
  • Top 10 Least Peaceful Countries   Syria (163), Afghanistan (162), Iraq (161), South Sudan (160), Yemen (159), Somalia (158), Libya (157), Sudan and Central African Rep., both countries placed at 155th position and Ukraine (154).


Cabinet clears India Post’s payments bank proposal

  • The Union Cabinet has approved the proposal to set up India Post payment bank as Public Limited Company under Department of Posts, with 100 percent government equity.
  • The total architecture of postal payments bank is of rs. 800 crore which will have Rs. 400 crore equity and Rs. 400 crore grant.
  • It will be run by Chief Executive Officer and has plans to have 650 branches operational by September, 2017.

BRICS bank to issue first yuan denominated bonds

  • The BRICS Development Bank, also referred as the New Development Bank (NDB) is set to issue its first yuan-denominated bonds, which is also known as ‘green bonds’.
  • The Shanghai-headquartered bank, founded by the BRICS members (Brazil, Russia, India, China and South Africa) and headed by eminent Indian banker M V Kamath, is planning to finance development projects in the emerging markets and development countries.
  • The reason behind the grant is to support China from sharp slowdown as Chinese economy slipped to 6.9 {be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} last year. Although, India is the only member among the BRICS countries whose GDP continues to grow above 7{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}.

 ICICI Bank cuts lending rate by 0.05{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}

  • Country’s largest private sector lender ICICI Bank has cut its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent, to take it at par with the rates offered by SBI and HDFC Bank.
  • This will help reduce the rate of interest to new borrowers. Under the new rate structure, the bank will give out overnight loans to new borrowers at 8.95 per cent, while the one-year MCLR, to which its housing loans are linked, now comes down to 9.15 per cent.
  • RBI introduced the MCLR system from April 1 this year for faster transmission of its policy actions by the lenders.


INAM-Pro +:

  • It is a Web Platform for Sale and Purchase of Construction Material and Service launched recently by the Ministry of Road Transport & Highways and Shipping. INAM-Pro+ is an upgraded version of INAM-Pro, the web portal designed by National Highways and Infrastructure Development Corporation Ltd (NHIDCL).
  • INAM-Pro+ to include the A to Z of construction materials, equipments/machinery and services like purchase/hiring/lease of new/used products and services in the domains of Construction Materials viz, cement, steel, bitumen, stone aggregates, concrete, bricks, wood, sanitary items, paint etc.



 Prime Minister releases National Disaster Management Plan to make India disaster resilient

  • Prime Minister Narendra Modi has released the National Disaster Management Plan (NDMP). The plan aims to make India disaster resilient and reduce loss of lives.
  • It is the first of its kind of national plan prepared in India. It emphasizes on a greater need for Information, Education and Communication activities to prepare communities to cope with disasters.
  • The plan is based on the four priority themes of the Sendai Framework namely: 1. Understanding disaster risk, 2. Improving disaster risk governance, 3. Investing in disaster risk reduction (through structural and non-structural measures), and 4. Disaster preparedness, early warning and building back better in the aftermath of a disaster.

Third gravitational wave merger detected

  • The Laser Interferometer Gravitational-wave Observatory (LIGO) detectors in the U.S. have detected yet another merger of two black holes.
  • Named GW170104, this signal marks the third confirmed detection of gravitational waves coming from a binary black hole merger.
  • It is of great interest to the scientific community that the black holes, having masses nearly 31 times and 19 times the sun’s mass. Until the first detection of gravitational waves by LIGO in 2015 (GW150914) it was not known that such massive black holes could exist.
  • The latest detection has revealed not merely a black-hole merger but also the alignment of the spins of the black holes. This can shed light on the way the black holes might have formed. In this event, the spins of the individual black holes making up the merger are probably not aligned along the same direction. This supports the theory which says that black holes form independently in a star cluster, then sink to the centre of the cluster and eventually merge.
  • The observation also supports Einstein’s General Theory of Relativity. According to this theory, gravitational waves, unlike light waves, will not disperse as they travel through space. This, too, has been confirmed by the analysis of the latest signal.

What are Gravitational Waves?

  • Gravitational waves are the ripples in the pond of spacetime. The gravity of large objects warps space and time, or “spacetime” as physicists call it, the way a bowling ball changes the shape of a trampoline as it rolls around on it.
  • Smaller objects will move differently as a result – like marbles spiraling toward a bowling-ball-sized dent in a trampoline instead of sitting on a flat surface.

Why they are useful?

  • These waves will be particularly useful for studying black holes (the existence of which was first implied by Einstein’s theory) and other dark objects, because they’ll give scientists a bright beacon to search for even when objects don’t emit actual light.
  • With this, mapping the abundance of black holes and frequency of their mergers could get a lot easier.
  • Since they pass through matter without interacting with it, gravitational waves would come to Earth carrying undistorted information about their origin.
  • They could also improve methods for estimating the distances to other galaxies.


2 Indian-origin women in Forbes’ self-made American women list

  • Two Indian-origin women have featured on the Forbes’ annual list of America’s 60 wealthiest and most successful self-made women entrepreneurs.
  • India-born Neerja Sethi, who co-founded IT consulting and outsourcing firm Syntel with her husband Bharat Desai, is ranked 16th on ‘America’s Richest Self-made Women’ list while president and CEO of Arista Networks Jayshree Ullal is ranked 30th.
  • The richest self-made woman in America is Diane Hendricks, the owner of ABC Supply, the largest wholesale distributor of roofing and siding in the country. Hendricks is worth 4.9 billion US dollars.


Shashi Shekar Vempati Appointed as CEO of Prasar Bharati

  • Shashi Shekar Vempati has been appointed as the CEO of Prasar Bharati based on the recommendation of the three-member committee headed by Vice President.
  • The other two members of the committee was Chairman, Press Council of India and the Secretary, Information and Broadcasting, who was also the President’s nominee. Shashi Shekar Vempati will hold the post for a period of five years. Since February 2016, Vempati is currently serving as a Member (part time) of the Prasar Bharati Board.


League system for Test matches to start by 2019

  • Dave Richardson, the Chief Executive Officer of the International Cricket Council has stated that a league system for Test Cricket will be in place by the end of 2019.
  • Richardson also stated that this system will provide more meaning to the bilateral Test Series.
  • Currently, the only way Test teams are regulated is by the virtue of the Test Rankings.

Novak Djokovic becomes the first player to win a $100m prize money

  • World number one Tennis Player Novak Djokovic has become the first professional tennis player to earn more than $100 million in prize money when he made the French Open quarter-finals for the 10th time. He has won this after his 3-6, 6-4, 6-1, 7-5 win over Spaniard Roberto Bautista Agut.
  • While, Roger Federer, having earned $98,011,727 since he turned pro in 1998, is the next closest player to breaking that barrier.
  • In women’s section, French Open defending champion Serena Williams is the leader, having earned a total prize money of $75,929,696 in 21 years.

Rahul Johri assumes charge as first ever CEO of BCCI

  • Rahul Johri has assumed charge as first ever chief executive officer (CEO) of the Board of Control for Cricket in India (BCCI) in Mumbai.
  • He was appointed on the recommendation of the Justice Lodha Committee.






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