Daily Current Affairs 5th July, 2017

Daily Current Affairs 5th July, 2017

INTERNATIONAL

BRICS ‘Beijing Declaration On Education’ Adopted For More Academic Cooperation

  • BRICS ministers of education and assigned representatives have adopted ‘Beijing Declaration on Education’ in a recently held 5th meeting of BRICS Ministers of education at Beijing.
  • According to the declaration, members states – Brazil, Russia, India, China and South Africa – are committed to the UN Sustainable Development Goal 4 (SDG4)-Education 2030 which aims to “Ensure inclusive and equitable quality education and promote life-long learning opportunities for all” that was set within The 2030 Agenda for Sustainable Development.
  • The declaration reiterated support for the BRICS Network University (NU) to collaborate in the fields of education, research and innovation. It also encouraged universities to participate in the BRICS University League.
  • With the Beijing declaration, BRICS member states also decided to increase cultural cooperation through language education and multilingualism to promote mutual understanding of the history and culture of BRICS member states and to undertake initiatives to promote professionalization of academics in higher education through the BRICS Network University as a focus of future education development.
  • The declaration emphasises to encourage more teachers and educational administrators to learn from experience of other countries in improving teacher quality and performance, and promoting the development of education through international exchanges.
  • It was also decided to strengthen cooperation in the field of Technical and Vocational Education and Training (TVET), share ideas and experiences in the development of vocational educators, and develop projects that are of common interests to BRICS Member States.
  • The declaration also encouraged to expand the number of scholarship opportunities to students across BRICS Member States.

NATIONAL

Drug-resistant TB higher among children than expected: report

  • While detection of tuberculosis (TB) in children remains a challenge, it has now emerged that Multi-Drug Resistant (MDR) TB is higher among children than expected. This has been described as a “worrying trend” by the Union Health Ministry.
  • As many as 5,500 of over 76,000 children tested in nine cities have been diagnosed with TB. 9{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of these paediatric TB cases have been diagnosed to have MDR TB.
  • Multi-Drug Resistant TB (MDR TB) is a specific form of TB that does not respond to “ordinary” TB treatment. As a result it is difficult to treat and needs specialised treatment.
  • MDR TB is caused by the development of TB bacteria, which have become resistant to ordinary TB drugs.

AFSPA in Nagaland extended for six months

  • Entire Nagaland has been declared as “disturbed area” for six more months under the Armed Forces (Special Powers) Act (AFSPA), which empowers security forces to conduct operations anywhere without any prior notice. In a gazette notification, the home ministry stated it is of the opinion that the area comprising the whole of Nagaland is in such a “disturbed and dangerous condition” that the use of armed forces in aid of the civil power is necessary.
  • Now, therefore, in exercise of the powers conferred by Section 3 of the Armed Forces (Special Powers) Act, 1958, the central government hereby declares that whole of the said state to be a ‘disturbed area’ for a period of six months with effect from 30th June 2017 for the purpose of that Act.

ECONOMY,BANKING AND FINANCE

India scores well on FSB reform report card to G20

  • The Financial StabilityBoard (FSB), an international body for the global financial system, has placed India in the league of countries that are ‘compliant or largely compliant’ on the implementation of priority area reforms. Ahead of the G20 Summit in Germany to be attended by Prime Minister Narendra Modi, among other world leaders, the FSB has submitted its status report on progress in financial regulatory reforms in various jurisdictions, including India.
  • The report listed India as a ‘compliant’ jurisdiction with regard to Basel III reforms in risk-based capital and as ’largely compliant’ on liquidity coverage ratio. Other countries that have been found to be ‘compliant or largely compliant’ on these metrics include Argentina, Australia, Brazil, Canada, China, Hong Kong, Indonesia, Japan, Mexico, South Korea, Russia, Singapore, South Africa, Switzerland, Turkey and the US. At the same time, France, Germany, Italy, the Netherlands, Spain and the UK have been found to be ’materially non-compliant’ on at least one parameter.

Linking Aadhaar and PAN is not mandatory for all

  • It has now become mandatory for everyone to link their PAN with Aadhaar with effect from July 1, 2017, as per the income tax laws. However, the government has exempted certain class of individuals from linking these two documents subject to certain conditions.
  • CBDT has notified that Section 139AA of the Income Tax Act is not applicable to the following individuals:

Those categorised as Non-resident Indians as per the Income Tax Laws.

  • Not a citizen of India.
  • Is of age 80 years or more at any time during the tax year.
  • Residents of the states of Assam, Meghalaya and Jammu and Kashmir.
  • However, it should be noted here that the above mentioned categories of Individuals are exempted from the purview of section 139AA i.e. exempted from compulsory linking of PAN and Aadhaar, only if they do not possess Aadhaar or Aadhaar Enrolment ID.

GOVT SCHEME/DIGITAL INDIA

MERIT app

  • The government has launched the ‘MERIT app (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency)’ and the e-bidding portal for providing e-Bidding solution to States to select Independent Power Producers (IPPs) for procurement of power by transferring their domestic coal under the scheme of flexibility in utilization of domestic coal.
  • The web portal and mobile app for Merit Order Despatch of Electricity (MERIT) have been developed in association with POSOCO.
  • The app displays extensive array of information regarding the merit order such as daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with source-wise fixed and variable costs, energy volumes and purchase prices.
  • The app also gives information regarding reasons for deviation from merit order such as must run conditions, transmission constraints etc.
  • The app and the web portal would result in optimum utilization of Coal which would save the consumer close to Rs. 20,000 crores five years down the line.

Nandan Nilekani, Helion’s Sanjeev Aggarwal launch $100-million fund Fundamentum

  • Aadhaar architect Nandan Nilekani and Helion Venture’s Sanjeev Aggarwal have launched an investment fund called Fundamentum with a corpus of $100 million to back startups looking for growth capital.
  • The corpus may be extended to $200 million if the fund sees more opportunities, the two founders said.
  • The fund, which has so far closed $50 million, will see one-third of the corpus coming from Nilekani and Aggarwal. Fundamentum has already brought on board six entrepreneurs who will also invest in the fund.

DEFENCE

‘Rukmini’ keeps eye on dancing ‘dragon’ at sea

  • With China increasing its naval presence in the Indian Ocean Region amid the ongoing Sikkim stand-off, the Indian Navy is keeping an eye on the ‘dragon’ with the help of its ‘eye in the sky’, Gsat-7 also called Rukmini, the Navy’s own dedicated military satellite that was launched in September 2013.
  • It has helped the Navy monitor the Indian Ocean Region (IOR) as it has a nearly 2,000 nautical mile ‘footprint’.
  • The multi-band communication-cum surveillance satellite, which is operating from the geo-stationary orbit (at 36,000km altitude), provides real-time inputs to naval warships, submarines and maritime aircraft and networking capabilities to its naval assets on the high seas.
  • With the help of the shore-based operational centres, ‘Rukmini’ (also called INSAT-4F) has not only helped the Navy keep an eye on both Arabian Sea and Bay of Bengal but also helped the force increase its communication and surveillance capabilities from Persian Gulf to Malacca Strait, which together is equivalent to almost 70{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of the IOR.
  • Rukmini, which provides wide range of service spectrum from low bit rate voice to high bit rate data communication, has given the Navy an integrated platform and helped it overcome the limitation of ‘line of sight’ (the straight path of signal when unobstructed by the horizon). With the help of this ‘eye in the sky’, the Army, too, gets vital inputs about over-the-land movements.

EVENTS

Delhi Dialogue 9

  • The 9th edition of the Delhi Dialogue was recently held in New Delhi. The Delhi Dialogue is an annual event to discuss politico-security, economic and socio-cultural engagement between ASEAN and India. It has been held annually since 2009.
  • The theme for Delhi Dialogue 9 is “ASEAN-India Relations: Charting the Course for the Next 25 Years”.
  • Delhi Dialogue is a conference in which policymakers converge to discuss a range of issues relating to India-Asean relations.
  • The Delhi Dialogue is being organised by the MEA in collaboration with the Observer Research Foundation (ORF), Federation of Indian Chambers of Commerce and Industry (Ficci), and other bodies of the Asean countries.

 

 

 

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