Daily Current Affairs 3rd April, 2017

Daily Current Affairs 3rd April, 2017


Myanmar becomes 7th member of SASEC

  • Myanmar became the 7th member of South Asia Sub-regional Economic Cooperation (SASEC) program of Asian Development Bank (ADB). It was officially made member at the SASEC Finance Ministers’ meeting held in New Delhi and chaired by Union Finance Minister Arun Jaitley.

About South Asia Subregional Economic Cooperation

  • Founded -2001
  • Type -Subregional program
  • Headquarters -Manila, Philippines
  • Region served -South Asia
  • Membership -Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka
  • The South Asia Subregional Economic Cooperation (SASEC) program brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership that aims to promote regional prosperity, improve economic opportunities, and build a better quality of life for the people of the subregion.
  • SASEC countries share a common vision of boosting intraregional trade and cooperation in South Asia, while also developing connectivity and trade with Southeast Asia through Myanmar, to the People’s Republic of China, and the global market.
  • The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member countries


Government launches BS-IV grade fuels

  • Government has formally launched Bharat Stage-IV (BS-IV) grade transportation fuel across the country to keep carbon emission in check.
  • The launch came days after the Supreme Court banned sale and registration of BS-III vehicles from 1 April, 2017. It sets target of ushering in BS-VI fuel by April 2020 by skipping BS-V fuel.
  • All state-run oil marketing companies will provide BS-IV-compliant fuel at their 53,500 retail fuel stations across the country.
  • BS-IV fuels contain far less sulphur than BS-III fuel. Sulphur in fuel makes it dirtier and lowers the efficiency of catalytic converters, which control emissions. The BS-IV complaint vehicles release less pollutants Carbon Mono-oxide (CO), Hydrocarbon (HC), Oxides of Nitrogen (NOx), Sulphur (SOx) and particulate matter (PM) compared to BS III complaint vehicles.

IISc ranked best educational institution by HRD Ministry

  • Bengaluru’s Indian Institute of Science (IISc) and Delhi’s Miranda House have made it to the top of respective categories in the country’s official higher education rankings announced by the government.
  • Releasing the list in New Delhi, Union Human Resource Development Minister Prakash Javadekar stated that the government will provide more grants and funds for institutions faring better in rankings.


  • IISc, Bangalore
  • JNU, New Delhi
  • BHU, Varanasi


  • Miranda House, Delhi
  • Loyola College, Chennai
  • Shri Ram College of Commerce, Delhi


Under GST regime, tax evasion over Rs 5 crore a non-bailable offense

  • Tax evasion of over Rs 5 crore under the GST regime would be a non-bailable offense and the police would have the authority to make an arrest without a warrant.
  • The Central GST (CGST) Bill provides that if the offenses relating to taxable goods and/or services where the amount of tax evaded or the amount of input tax credit wrongly availed or the amount of refund wrongly taken exceeds Rs 5 crore, it shall be treated as cognizable and non-bailable.


Union Textiles Minister launches PowerTex India Scheme

  • The Government has launched PowerTex India, a comprehensive scheme for power loom sector development, simultaneously at over 45 locations in the country.
  • The Union Textiles Minister, Smt. Smriti Zubin Irani Launched the scheme in Bhiwandi, Thane district, Maharashtra. The scheme will especially benefit small powerloom weavers.

The comprehensive scheme has the following components:

  • In-situ Upgradation of Plain Powerlooms.
  • Group Workshed Scheme (GWS).
  • Yarn Bank Scheme.
  • Common Facility Centre (CFC).
  • Pradhan Mantri Credit Scheme for Powerloom Weavers.
  • Solar Energy Scheme for Powerlooms.
  • Facilitation, IT, Awareness, Market Development and Publicity for Powerloom Schemes.
  • Tex Venture Capital Fund.
  • Grant-in-Aid and Modernisation & Upgradation of Powerloom Service Centres (PSCs).


19th commonwealth forestry conference to begin in Uttarakhand today

  • 19th Commonwealth Forestry Conference (CFC) 2017 will begin today at Forest Research Institute (FRI) in Dehradun, Uttarakhand.
  • Uttarakhand Governor Dr. K.K. Paul will inaugurate the 19th Commonwealth Forestry Conference at the FRI in Dehradun.
  • The 5-day conference is being organized on the theme ‘Forests for Prosperity and Posterity’.


Justice Pradeep Nandrajog sworn in as Chief Justice of Rajasthan HC

  • Justice Pradeep Nandrajog was sworn in as Chief Justice of Rajasthan High Court.
  • Prior to this appointment, Justice Nandrajog was the Delhi High Court judge.


LGBT rainbow flag creator Gilbert Baker passes away at 65

  • Gilbert Baker, creator of the rainbow flag as a symbol for the LGBT (lesbian, gay, bisexual, and transgender) community passed away in Kansas, US.
  • He had created the eight-colour flag in 1978 for New York’s gay freedom day, which is now the modern pride parade.
  • Since then his flag has been associated with LGBT rights causes across the world.
  • The eights colours in the flag are Pink (represented sexuality), red (symbolised life), orange (symbolised healing), yellow (signified sunlight), green (represented nature), turquoise (symbolised art), indigo (represented harmony) and violent (represented human spirit).


Vanaja Sarna appointed as Chairman of CBEC

  • Vanaja N. Sarna was appointed the new chairman of the Central Board of Excise and Customs (CBEC). She succeeded Najib Shah.
  • CBEC is the nodal government agency on Indirect Taxes responsible for administering Customs, Central Excise, Service Tax and Narcotics in India. Currently it operates and functions under the aegis of the Department of Revenue of Union Ministry of Finance.

Rajiv Kumar Chander appointed as India’s Ambassador and permanent representative to the UN

  • Rajiv Kumar Chander has been appointed as the Ambassador and Permanent Representative of India to the United Nations Offices in Geneva.
  • Chander belongs to the Indian Foreign Services batch of 1983. He is currently the consul general of India in Vancouver since August 2015. He was the deputy permanent representative with the Permanent Mission of India to the United Nations, Geneva, between 2006 and 2009.

Indira Banerjee appointed as new Chief Justice of Madras High Court

  • Justice Indira Banerjee, a sitting judge of the Delhi High Court, has been appointed as the new Chief Justice of the Madras High Court.
  • She succeeded Sanjay Kishan Kaushal. With this, Justice Banerjee became the second woman to head the Madras High Court. Justice Kumari Bhatnagar was the first lady to head the Charted court in 1992.

Vipul takes charge as new Consul General of Dubai

  • Diplomat Vipul, a 1998 batch Indian Foreign Service officer took up the charge as the new Consul General of Dubai.


PV Sindhu wins India Super Series tournament Rio

  • Olympics silver medallist P V Sindhu won the India Open Super Series title in women’s single category.
  • In the final match, she defeated Rio Olympic champion Carolina Marin of Spain by 21-19, 21-16 score.
  • Denmark’s Viktor Axelsen had won men’s singles title of the tournament after defeating Chinese Taipei’s Tien Chen Chou .

Roger Federer wins Miami Open 2017

  • Roger Federer (Switzerland) defeated Rafael Nadal (Spain) to win Miami Open 2017 Singles title. Miami Open 2017 was held in Florida, USA.







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