Daily Current Affairs 7th March, 2017

Daily Current Affairs 7th March, 2017

INTERNATIONAL

Donald Trump signs ‘Muslim Ban 2.0’ order

  • The Donald Trump administration has issued a new executive order, temporarily banning travel from six Muslim-majority countries to the U.S., after an earlier order ran foul of the country’s judiciary.
  • The new executive order bans travel from six countries — Sudan, Syria, Iran, Libya, Somalia, and Yemen, leaving out Iraq that was also in the list of barred countries in the January order.
  • In an attempt to pass the next round of inevitable judicial scrutiny, current visa and green card holders from these countries will not be affected by this order.
  • The new order will not come into effect until March 16, in contrast with the earlier order that was effective immediately, leading to confusion at airports and leaving many people in transit stranded.
  • The order notes there will be a 90-day ban on the issuance of new visas for citizens of these six countries, and nation’s refugee program will be suspended for 120 days.
  • While the temporary ban is in place for 90 days, the U.S. administration will review the security measures in place to prevent potential threats from gaining a U.S. visa.
  • The order said each of the six countries was a “state sponsor of terrorism, has been significantly compromised by terrorist organisations or contains active conflict zones.” The order gives country-wise details justifying the inclusion of each and also explains the exclusion of Iraq. Iraq presents a special case. Portions of Iraq remain combat zones, but the country’s commitment to combat ISIS justify different treatment for Iraq.
  • In justification of the order, the administration said people who entered the U.S on visas or as refugees from these countries have “proved to be threats to national security.”

NATIONAL

PM Narendra Modi to release Special Commemorative Postage Stamp

  • Prime Minister Narendra Modi will release commemorative Postage Stamp on 100th Anniversary of the Yogoda Satsang Society of India at a function in New Delhi .
  • Yogoda Satsanga Society is a non-profit religious organization founded by Paramahansa Yogananda in 1917. Yogoda Satsanga Society of India (YSS) will celebrate its 100 years journey on 10th March 2017

ECONOMY

Finance Ministry gives in-principle nod to ESOPs by PSU banks

  • The Union Finance Ministry has given its in-principle approvals to public sector banks (PSBs) to offer Employee Stock Option plans (ESOPs) to their employees from FY 2017-18.
  • This move aims at retaining experienced hands with better incentives.
  • It will help PSBs to motivate employees to work towards strengthening the financial status of their banks so that their share value rises. This decision was based on the suggestion of Banks Board Bureau (BBB) headed by Former CAG Vinod Rai. Apart from ESOPs, BBB also had suggested bonuses and other performance-linked packages. ESOPs are common in the private sector, where companies offer stocks to reward and retain key and top-performing employees.
  • It also help in aligning the interests of the employees with those of shareholders.

Cabinet approves MoU with UN Women

  • The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the signing of an agreement between India and UN Women to strengthen gender equality in governance institutions.
  • The MoU between India and the United Nations Entity of Gender Equality and the Empowerment of Women (UN Women) seeks to provide technical support to the Ministry of Panchayati Raj to improve the opportunities for gender equality through legislation, policies and programs in ministry’s institutions.
  • Activities under this MoU will be implemented at the district and sub-district level in six states – Andhra Pradesh, Telangana, Odisha, Karnataka, Rajasthan and Madhya Pradesh.

About UN Women: The United Nations Entity for Gender Equality and Empowerment of Women

  • UN Women is the UN entity dedicated to gender equality and the empowerment of women. UN Women was established to accelerate progress on meeting their needs worldwide.
  • In July 2010, the United Nations General Assembly created UN Women, the United Nations Entity for Gender Equality and the Empowerment of Women. In doing so, UN Member States took an historic step in accelerating the Organization’s goals on gender equality and the empowerment of women. The creation of UN Women came about as part of the UN reform agenda, bringing together resources and mandates for greater impact.
  • It merges and builds on the important work of four previously distinct parts of the UN system, which focused exclusively on gender equality and women’s empowerment:
  • Division for the Advancement of Women (DAW).
  • International Research and Training Institute for the Advancement of Women (INSTRAW).
  • Office of the Special Adviser on Gender Issues and Advancement of Women (OSAGI).
  • United Nations Development Fund for Women (UNIFEM).

HDFC Bank launched chatbot Eva for customer services

  • Mumbai-headquartered HDFC Bank has launched India’s first artificial intelligence based banking chatbot Electronic Virtual Assistant (EVA) for customer services .
  • Eva is India’s first AI-based banking chatbot and can answer millions of customer queries across multiple channels instantly. It can assimilate knowledge from thousands of sources and provide answers in simple language in less than 0.4 seconds.

GOVT SCHEME

National Conference on Jal Kranti Abhiyan to be held

  • Water Resources Minister Uma Bharti will inaugurate a national conference on Jal Kranti Abhiyan in New Delhi .
  • About 700 participants representing various stakeholder groups such as farmers, panchayat members, NGOs and students will attend the day-long conference.
  • Ministry of Water Resources and River Development had launched Jal Kranti Abhiyan on June, 2015 to consolidate water conservation and management in the country through a holistic and integrated approach involving all stakeholders.

DEFENCE

Indo-Oman joint military exercise ‘Al-Nagah-II’ begins

  • In an effort to build bilateral military-to-military relations and skills, a 14-day joint defense exercise ‘Al-Nagah-II’ between the armies of India and Oman begun in Himachal Pradesh.’
  • Indo-Oman Joint Army Exercise- AL NAGAH-II 2017′ was started on 6th march and will end on 19th March in the Dhauladhar Ranges at Bakloh in Himachal Pradesh.

ENVIRONMENT,SCIENCE AND TECH

45{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of country’s bird species found in Himachal Pradesh:

  • Great Backyard Bird Count According to the Great Backyard Bird Count (GBBC) 2017, 45{be19e8fcc7081f751eba9e03bd22e904e5cf3e86733381e655a03b1ab7839769} of country’s bird species are found in Himachal Pradesh.
  • As per data total 564 bird species are found in Himachal Pradesh of the 1,263 species found in whole country.
  • GBBC 2017 had engaged bird watchers from the general public in counting birds.
  • It was coordinated by the Bird Count India Partnership, a coming-together of number of Indian groups and organization that are interested in birds, nature and conservation.

SPORTS

OPPO wins Indian cricket team sponsorship rights for five years

  • The Board of Control for Cricket in India (BCCI) has announced that mobile manufacturing company Oppo Mobiles India Private Limited will be the new team sponsor of the Indian cricket team from April 1, 2017 for a period of five years.
  • It has replaced Star India.

 

 

 

 

 

 

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