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Tuesday, January 31, 2017

DAILY CURRENT AFFAIRS: 31TH JAN 2017

DAILY CURRENT AFFAIRS: 31TH JAN 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. FIRST EDITION OF THE NORTH EAST INVESTORS SUMMIT HELD IN SHILLONG
i. The 1st edition of the North East Investors Summit was inaugurated by the Union Textiles Minister, Smt. Smriti Zubin Irani in Shillong, Meghalaya.
ii. The North East Investors Summit 2017 was jointly organized by the Union Ministry of Textiles and the Ministry of Development of North Eastern Region of the Government of India in collaboration with industry associations Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry.
iii. The theme of the summit was “Exploring Opportunities in North East Region”.
iv. Its aim to launch North East Region as a Global destination for investment by exploring possibilities of attracting the investment especially in textile manufacturing.
vi. The summit also aims to attract new skills and advanced production technology.

2. INDIA’S FIRST MULTI-SPORTS MUSEUM INAUGURATED IN KOLKATA
i. India’s first multi-sports museum, Fanatic Sports Museum was inaugurated at the Ecospace in New Town, Rajarhat, Kolkata jointly by Abhinav Bindra, Sachin Tendulkar, Deepa Malik, Sourav Ganguly and Devendra Jhajaria.
ii. The museum, spread over 6700 sq ft, has been launched jointly by sports historian Boria Majumdar and industrialist from Kolkata, Harshavardhan Neotia.
iii. India already has two cricket museums located at Chennai and Pune. However the new multi-sports museum would cover variety of games ranging from tennis, football, badminton, hockey, golf and athletics besides cricket.
vi. Apart from these, gloves worn by Bindra in the 2008 Beijing Olympics, Usain Bolt’s running shoes, Racket used by Pullela Gopichand to train Olympic silver medallist PV Sindhu in Rio,caps of Roger Federer and Rafael Nadal, Bat used by Karun Nair to score 303 against England among others are some of the eye catching display’s for the museum.


3. KARNATAKA GOVT. APPROVES AMENDING LAWS TO LIFT BAN ON KAMBALA & BULLOCK CART RACE
i. The Karnataka state cabinet approved amending Prevention of Cruelty to Animals Bill, 1960 Act to legalize the Bullock Cart Race Kambala which is a traditional festival held annually in Karnataka.
ii. The amendment Bill will be introduced by the state cabinet in the legislature session.
iii. The Karnataka High Court banned the Kambala after animal rights group filed a petition to ban the sport as it showed cruelty against animals in sports like bull-taming and buffalo-racing.
iv. The Kambala is a buffalo race held annually in the districts of Udupi and Dakshina Kannada between November and February.

4. MAURITIUS & SIX OTHER COUNTRIES JOIN GLOBAL EFFORTS TO CURB PROFIT SHIFTING BY MNES
i. Mauritius along with Hungary, Gabon, Lithuania, Indonesia, Malta and the Russian Federation signed the Multilateral Competent Authority Agreement for Country-by- Country Reporting.
ii. This agreement will allow signatories to bilaterally and automatically exchange country-by-country reports with each other, as contemplated by Base Erosion and Profit Shifting Action Plan.
iv. BEPS refers to tax avoidance strategies that exploit mismatches and gaps in tax rules to artificially shift profits to low or no-tax locations

5. FGII ENTERS INTO BANCASSURANCE TIE-UP WITH BANK OF MAHARASHTRA
i. Future General India Insurance Company announced an agency tie-up with Pune based Bank of Maharashtra.
ii. It aims to immensely benefit our customers by providing them an ease of access while choosing from a diverse range of non-life insurance products, all under one roof.
iii. It tied-up with over 100 banks in India for bancassurance. Now it accounts for 5% of Future General’s total business.

6. KSEZ, SUBSIDIARY OF GMR GROUP SIGNS MOUS WITH FIRMS TO SET UP MANUFACTURING UNITS AT KAKINADA SEZ
i. Kakinada SEZ Ltd, a subsidiary of GMR Infrastructure Limited, signed several MoUs with various companies during the CII Partnership Summit 2017 held at Visakhapatnam, Andhra Pradesh.
ii. The MoU aims to setting up World Class manufacturing units at the Kakinada SEZ in Andhra Pradesh spread over 8,500 acres at a cost of Rs. 47000 cr.
iii. The MoU also aims to develop an all-weather, deep water port, multi-cargo, and with an estimated phase 1 capacity of 16 million tonnes.
iv .KSEZ signed an MoU worth Rs. 7000 cr with 5 companies namely Oil Country Tubular, United Seamless Tubular, Kamineni Steel & Power, DCM Shriram and Deepak Phenolics to set up manufacturing Units spread over an area of 550 acres at the Kakinada SEZ.
v. Oil and Gas PSUs, Gas Authority of India Limited & Hindustan Petroleum Corporation Limited signed an MoU with the Government of Andhra Pradesh worth Rs 40,000 cr to set up petrochemicals complex over an area spanning 2000 acres in the state.

7. IRIS MITTENAERE OF FRANCE CROWNED MISS UNIVERSE 2017
i. Iris Mittenaere of France was crowned as the Miss Universe 2017 in the international beauty pageant event which was held at the Mall of Asia Arena in Manila, Philippines.
ii. Mittenaere is the first European to win the Miss Universe title since 1990.
iii. Iris Mittenaere has the resolution to set up dental and oral care campaigns worldwide.
iv. The first runner-up was Raquel Pelissier from Haiti and second runner-up was Andrea Tovar of Colombia.


OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. IN WHICH INDIAN STATE, A TRADITIONAL BUFFALO RACE EVENT, KAMBALA FESTIVAL ANNUALLY ORGANIZED?
a)  Punjab
b)  Kerala
c)  West Bengal
d)  Karnataka
Q2. IRIS MITTENAERE, WHO HAS BEEN CROWNED THE NEW MISS UNIVERSE 2016, IS BELONGS TO WHICH COUNTRY?
a) Norway
b)  Haiti
c)  France
d)  Colombia
Q3. IN WHICH STATE, OIL COMPANIES HPCL, ONGC AND THE GAIL HAVE SIGNED MOUS FOR INVESTING RS 1.65 LAKH CRORE?
a)  Andhra Pradesh
b)  Maharashtra
c)  Kerala
d)  Gujarat
Q4. FIRST EDITION OF THE NORTH EAST INVESTORS SUMMIT HELD IN WHICH STATE?
a)   Assam
b)  Meghalaya
c)  Manipur
d)  Tripura
Q5. INDIA’S FIRST MULTI-SPORTS MUSEUM INAUGURATED IN WHICH CITY?
a)   Pune
b)  Mumbai
c)  Kolkata
d)  Chennai

ANSWERS: 

1 - D    2 - C    3 - A    4 - B    5 - C

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