Daily Current Affairs 3rd August, 2017

Daily Current Affairs 3rd August, 2017

INTERNATIONAL

Cabinet approves MoU between India and BRICs countries to set up BRICS Agriculture Research Platform

  • The Union Cabinet has given its ex-post facto approval for a Memorandum of Understanding (MoU) signed among India and various BRICs countries for establishment of the BRICS Agriculture Research Platform (BRICS-ARP).
  • In October last year, a memorandum of understanding (MoU) for setting up agriculture research platform (ARP) was signed by foreign ministers of BRICS countries in the 8th BRICS Summit held at Goa. With this, the Centre will promote sustainable agricultural development and poverty alleviation through strategic cooperation in agriculture to provide food security in the BRICS member countries.
  • BRICS-ARP will be the natural global platform for science-led agriculture-based sustainable development for addressing the issues of world hunger, under-nutrition, poverty and inequality, particularly between farmers’ and non-farmers’ income, and enhancing agricultural trade, bio-security and climate resilient agriculture.

Peter O’Neill Re-elected Prime Minister of Papua New Guinea

  • Peter O’Neill has been re-elected prime minister of Papua New Guinea by a newly elected parliament.
  • He is the leader of the People’s National Congress and represents the constituency of Ialibu-Pangia. Peter O’Neill won the parliamentary vote 60 to 46.

India and Somalia sign agreement on transfer of sentenced persons

  • India and Somalia signed a bilateral agreement for the transfer of sentenced persons. The move is step forward in deepening humanitarian cooperation between the two nations.
  • The agreement was signed between External Affairs Minister Sushma Swaraj and Foreign Minister of the Federal Republic of Somalia Yusuf Garaad Omar.

US Senate Confirms Christopher Wray as FBI Director

  • The US Senate has confirmed Christopher Wray to lead the FBI, replacing James Comey, who was abruptly fired by President Donald Trump.
  • Christopher Wray was also the former high-ranking official in President George W. Bush’s Justice Department who oversaw investigations into corporate fraud.

NATIONAL

Proxy voting for NRIs cleared by the Union Cabinet

  • The Union Cabinet has cleared a proposal to extend proxy voting to overseas Indians by amending electoral laws. If the proposal passes political muster in Parliament, NRIs will be able to exercise their voting rights through “proxy”. Currently, only service personnel are permitted to vote through proxy.
  • An expert committee in the Election Commission working on the issue had, in 2015, forwarded the legal framework to the law ministry to amend electoral laws to allow overseas Indians use proxy voting.
  • According to rough estimates, there are about 1 crore Indians settled abroad, of which 60 lakh could be of eligible voting age. Currently, voters residing abroad can only cast their votes in their respective constituencies. This regulation is seen as restrictive as only a few thousand Indians living overseas have registered as voters, the maximum being from Kerala. Of these, barely anyone has travelled to the country to exercise his or her franchise.

Cabinet scraps no-detention policy for kids of Class 5 and 8

  • The Union Cabinet approved the scrapping of the no-detention policy in schools till Class 8th. It also gave its nod to the Human Resource Development Ministry’s plan of creating 20 world-class institutions in the country.
  • An enabling provision will be made in the Right of Children to Free and Compulsory Education Amendment Bill which will allow states to detain students in class 5 and class 8. The bill will now be placed in Parliament for approval.

ECONOMY,BANKING AND FINANCE

India, ASEAN-5 more fetching to FDI than other emerging markets

  • As per a report, India along with Indonesia, Malaysia, Thailand, the Philippines and Vietnam has emerged as attractive destinations to FDIs as compared to other emerging markets and flows to these nations are expected to surge to around USD 240 billion by 2025.
  • For the same reason, India and ASEAN-5 (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) have been dubbed as “Asia’s tiger cubs“.
  • Moreover, sources of FDI to these nations are also witnessing a significant shift with more inflows expected from countries as China and Japan.

 Online Income Tax Return filing up by 20{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769}

  • The filing recorded a surge of 20{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} with about 2.33 crore people submitting their returns.
  • Last year, the total number of income tax returns filed online around the same time of the year was 1.92 crore.

11.44 lakh duplicate PAN’s deactivated

  • They were deleted or deactivated in cases where multiple PAN’s were allotted to one person.
  • 1566 fake PAN’s have been identified which were allotted to non-existent people or in the names of persons with false identities.

DEFENCE

Humraaz app: Army to launch app for soldiers

  • The Indian Army has developed a mobile application named ‘Humraaz’ through which serving soldiers can track details like postings and promotions. Through the app, soldiers can also view their monthly salary slips and the Form 16 and also download them.
  • The mobile app has been developed in-house by the Army and will be launched in the second week of August for prompt communication of information to junior commissioner officers and other personnels.

ENVIRONMENT,SCIENCE AND TECH

Israel launches first environmental research satellite Venμs

  • Israel has launched the country’s first environmental research satellite in a joint venture between the Israel Space Agency (ISA) and its French counterpart CNES.
  • The Venus satellite (Vegetation and Environment Monitoring New Micro-Satellite)is an earth-observation micro-satellite.
  • The satellite’s goal is to obtain high-resolution photographs of specific sites to track environmental issues such as desertification, erosion, pollution, natural disasters, and other phenomena linked to climate change.
  • The high resolution — plants can be distinguished as little as five meters apart — makes possible “precision agriculture,” in which farmers would be able to accurately plan for water, fertilizer, and pesticide needs.
  • The technological mission of the satellite will test the operation of an innovative electric propulsion system based on the Israeli-designed Hall Effect Thrusters,a relatively low power device used to propel a spacecraft after entering orbit or farther out into space.
  • The satellite will be able to take repeated photos of the same spot in the same light conditions (accounting for the position of the sun), allowing for more accurate tracking of changing environmental issues. This is called “heliosyncronis orbit” because it requires taking a photo of the same coordinates while the sun is in the same position.
  • The satellite will circle the earth 29 times in each 48-hour period and will stay in commission for 4.5 years.

Coconut palm declared State tree of Goa

  • The Goa state government has decided to include coconut palm as a tree in the Goa, Daman and Diu Preservation of Trees Act, 1984, to regulate felling of coconut trees under the act. The cabinet has also resolved to declare the coconut tree as the “state tree”.

India may face deadly heat waves by 2100

  • An MIT study says that nearly 1.5 billion people in India, Pakistan and Bangladesh are likely to face deadly heat waves at the end of the century.
  • Climate change would cause 70{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of Indian population face extremes of 32 degrees of wet-bulb temperatures with 2{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} facing the survival limit of 35 degrees celsius.

APPOINTMENT

SEBI approves appointment of Dhirendra Swarup as BSE chairman

  • SEBI has approved the appointment of Dhirendra Swarup as the chairman of the board of directors of the BSE.
  • Dhirendra Swarup, who was a public interest director at the BSE, replaces incumbent Sudhakar Rao.  Swarup was the former Chairman of the Pension Funds Regulatory and Development Authority (PFRDA).

Sanjaya Baru New Secretary General of FICCI

  • Sanjaya Baru has appointed as the Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI).
  • Sanjay will assume the charge from 1st September 2017. He succeeds A Didar Singh, who served as Secretary General for 5 years.

Gautam Kaushik appointed as PAYBACK India’s new CEO

  • Payback India has appointed Gautam Kaushik as the new Chief Executive Officer (CEO).
  • Gautam Kaushik will spearhead the India operations and lead all the critical business areas. Prior to joining PAYBACK, Gautam was working with American Express (AMEX) as Vice President (VP) and Chief Financial Officer (CFO).

Walmart India Appoints Devendra Chawla  EVP and COO

  • Wal-Mart India, a wholly-owned subsidiary of US-based Wal-Mart Stores Inc., has appointed Devendra Chawla as chief operating officer and executive vice president.
  • Chawla was CEO of the Future Consumer Limited (FCL) and Group President – Food, FMCG, Brands Future Group. Devendra will lead merchandising, marketing, and omni channel functions for Walmart India’s cash and carry business.

SPORTS

Jhajharia to be awarded Khel Ratna

  • Double Paralympics gold medallist Devendra Jhajharia will become the first para athlete to be awarded Rajiv Gandhi Khel Ratna.
  • He is the only Indian to win two Paralympic golds.

East Bengal honours Dhanraj Pillay with ‘Bharat Gaurav’

  • Former India hockey captain Dhanraj Pillay was honored by East Bengal football club on its foundation day with its highest award, Bharat Gaurav.
  • Former India international Subhash Bhowmick, a member of the 1970 Asian Games bronze medal-winning national football team, and former national team coach Syed Naeemuddin were honored with lifetime achievement awards.

 

 

 

 

 

 

 

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