Daily Current Affairs 30th May, 2017

Daily Current Affairs 30th May, 2017


India and Fiji Inks Agreement on Defence Cooperation

  • India and Fiji has signed an MoU on defence cooperation after the delegation level talks between Minister of Defence, Finance and Corporate Affairs, Arun Jaitley and the Minister of Defence and National Security of Fiji, Ratu Inoke Kubuabola in New Delhi.
  • The MoU envisaged cooperation on defence industry, military training, humanitarian assistance & disaster management.
  • In particular, Defence partnership as well as the maritime security and naval cooperation were identified as an area of promise.
  • The MoU provides for stepping up of defence and security ties in defence production and military training.


EPFO gives nod to hike in stock investment to 15 per cent

  • The Employees Provident Fund Organisation has approved hike in investment limit in exchange traded funds (ETFs) to 15{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}, from the existing 10{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}, Union Labour Minister Bandaru Dattatreya stated it.
  • The decision was taken during the meeting of the Central Board of Trustees (CBT). In 2016, the investment was raised to 10{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}

India is second most complex tax jurisdiction: Deloitte

  • Indian tax laws are perceived to be second most complex in the Asia-Pacific region, becoming even less predictable over the last three years, according to Deloitte survey.
  • India ranks only after China in having most complex jurisdiction for taxation and most complicated requirements of tax, the Asia Pacific Tax Complexity Survey conducted by Deloitte.Japan, Australia, Indonesia and South Korea trail India in the complexity index.

SEBI targets participatory note norms

  • The Securities and Exchange Board of India (SEBI) plans to further tighten norms for issuance of offshore derivative instruments (ODIs) and participatory notes (PNs) as part of its overall effort to
  • SEBI has proposed levying a regulatory fee of $1,000 on every foreign portfolio investor (FPI) that issues ODIs or PNs. SEBI-registered FPIs will have to pay this fee once every three years for each of their ODI subscribers.
  • The regulator has also proposed to prohibit ODIs from being issued against derivatives for speculative purposes. Currently, ODIs are issued against derivatives along with equity and debt.

RBI to introduce New Re.1 Note

  • The Reserve Bank of India has announced that new one rupee note has been printed by the government and will be soon put into circulation.
  • The one rupee note was discontinued in 1994 because it was more expensive to produce such notes when compared to the one-rupee coins.
  • In the following year, Rs. 2 and Rs. 5 notes were also discontinued to free up printing facilities for higher denomination notes. However, these old notes continue to remain in circulation and continue to remain as legal tenders.

Salient Highlights

  • The new Re.1 one will be predominantly pink-green on the obverse and reverse in combination with other colours. The new one rupee note will bear the rupee symbol. It will be 9.7 by 8.3 cm in dimension. The new note will feature ‘Bharat Sarkar’ on its masthead, and ‘Government of India’ printed below that. In contrast all the other currencies in India has ‘Bharatiya Reserve Bank’ and ‘Reserve Bank of India’ printed on them. This is because the one-rupee note has always been issued by the central government.  The watermarks of the Re 1 note will include the Ashoka Pillar, the hidden numeral “1” and the hidden word “Bharat” in Hindi). The note will also feature an image of the ‘Sagar Samrat’ oil exploration rig.


Govt to launch new campaign called Darwaza Band

  • The government launched new campaign called Darwaza Band for promotion of toilet usage in the rural areas across the country.
  • Bollywood star Amitabh Bachchan, who leads the campaign, is proposed to be joined by Union Minister for Drinking Water and Sanitation Narendra Singh Tomar and Maharashtra Chief Minister Devendra Fadnavis at the formal launch event to be held in Mumbai.
  • The campaign also features actor, Anushka Sharma, who will be seen encouraging women to stand up for this issue in their villages and assume a leadership role.

Prakash Javadekar launches UGC App to fight ragging

  • Union Human Resource Development Minister Shri Prakash Javadekarlaunched an Anti-Ragging Mobile App introduced by the University Grants Commission (UGC) in New Delhi.
  • This mobile app will help students register complaints to counter the menace of ragging.
    This app will work on android system on which students can log in and register their complaints immediately. Accordingly all concerned will be informed immediately and action will start immediately.


‘See-through’ frog is at risk of extinction:

  • A newly identified frog species — with transparent skin through which its beating heart is visible — is under threat of extinction.
  • The frog (Hyalinobatrachium yaku), discovered in the Amazonian lowlands of Ecuador, has unique physical and behavioural traits.
  • Males guard the eggs, which are attached below a tree’s leaves, until they hatch and fall on the water stream below.
  • Not all glass frogs have hearts that are visible through the chest. In some, the heart itself is white, so you don’t see the red blood.
  • What’s the threat? Drying and polluting streams. If the stream dries up, or becomes polluted, the frogs can’t survive, and other more resilient creatures may be next.

Amul inks MoU with ISRO for fodder acreage estimation

  • Gujarat Cooperative Milk Marketing Federation (GCMMF)  has signed an agreement with ISRO for fodder acreage assessment using satellite observation and space technology.
  • Under the Memorandum of Understanding (MoU), ISRO will help in identification between food crops and fodder crops at village level and also locate suitable areas of current fallows and cultivable wastelands at village level for green fodder cultivation.

Goa Bans Thin Plastic Bags

  • The Goa State government has decided to ban buying and selling of plastic bags below 50 microns. Goa has already banned the use of plastic bags below 40 microns


Banks Board Bureau gets 2 more members

  • The government has expanded the Banks Board Bureau (BBB) headed by former comptroller and auditor general Vinod Rai by adding two more members.
  • Former Allahabad Bank chairperson and managing director Shubhalaxmi Panse and private equity player Pradip Shah have been inducted into the board as independent members.

Manipur Governor Najma Heptulla appointed Jamia Millia Islamia Chancellor

  • Manipur Governor and former Minority Affairs Minister Najma Heptulla has been appointed as the Chancellor of Jamia Millia Islamia, New Delhi.
  • 77-year old Heptulla succeeds Lt. Gen. (Retd.) M.A. Zaki, who completes his five-year term this month. Ms. Heptulla will also serve for the term of five-years.

George Kurian Appointed as Vice-Chairman of National Commission for Minorities

  • The Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi has appointed a renowned social and educational activist George Kurian as Vice-Chairman of National Commission for Minorities.
  • The other appointed members of the National Minority Commission are social activist Syed Ghayorul Hasan Rizvi (Chairman), former Maharashtra minister Sulekha Kumbhare, Jain representative Sunil Singhi and Vada Dasturji Khurshed Kaikobad Dastoor.
  • For the first time a Jain member has been appointed to the panel after the community was notified as minority in January 2014.
  • Muslim, Christian, Buddhist, Sikh, Parsi and Jain are the six notified minority communities in the country.


Sebastian Vettel wins Monaco Grand Prix

  • Ferrari’s Sebastian Vettel won the 2017 Monaco Grand Prix at the Circuit de Monaco, La Condamine and Monte Carlo, Monaco.

Virat Kohli becomes Only Indian in Top 10 of ICC ODI

  • Indian Cricketer Virat Kohli has become the only cricketer to get featured in the top 10 of the ICC Players Rankings for ODIs as he managed to stick to the third spot in the ODI batsman’s chart.
  • Batting The top three batsmen featured in the ICC ODI Rankings are South Africa’s De Villiers (874), Australia’s David Warner (871) and Kohli (852). The other Indian batsmen who feature in the list are  Rohit Sharma (12th), MS Dhoni (13th) and Shikhar Dhawan (15th).
  • In the top 20 positions of  the list, India, South Africa and England have four batsmen each inside the top 20 while New Zealand (three), Australia and Pakistan (two each) also have registered significant presence.





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