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Monday, February 20, 2017

DAILY CURRENT AFFAIRS: 19TH FEB 2017

DAILY CURRENT AFFAIRS: 19TH FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. SC INTRODUCES MIDDLE INCOME GROUP SCHEME TO PROVIDE LEGAL SERVICES AT AFFORDABLE RATE
i. The Supreme Court has introduced the Middle Income Group Scheme for the middle income group people whose gross income is not exceeding Rs. 60,000 per month or Rs. 7.5 lakh per annum.
ii. The MIG Legal Aid Scheme is a self-supporting scheme whose objective is to provide legal services to the middle income group who cannot afford the expensive litigation in the Supreme Court.
iii. Under this scheme, middle class people who have the desire to avail the benefit of the Scheme shall have to fill up the form prescribed and accept all the terms and conditions contained within and thus can avail the services of the society for a nominal amount.
iv. Under this scheme a Supreme Court Middle Income Group Legal Aid Society would be set up as a governing body.

2. 2-DAY SOUTH ASIAN SPEAKERS’ SUMMIT BEGINS IN INDORE
i. Lok Sabha Speaker Sumitra Mahajan inaugrated 2-day South Asian Speakers’ Summit in Indore, Madhya Pradesh.
ii. Speakers of 6 countries include Bangladesh, Afghanistan, Bhutan, Maldives, Sri Lanka and Nepal attended the meeting to deliberate on ways to achieve sustainable development goals.
iii. The summit will have a session on ‘Identifying Resources for SDGs Implementation in South Asia: Opportunities for Parliamentary Cooperation’
iv. A working session on ‘Gender Equality As A Critical Factor For Sustainable Development’ will discuss opportunities that the SDGs present to strike a better gender balance and to determine the gender impact of sustainable development policies.

3. SBI TIES UP WITH GREENPLY TO OFFER FINANCIAL SERVICES TO ITS DEALERS
i. Mumbai based State Bank of India has signed Memorandum of Understanding with India’s largest interior infrastructure company Greenply Industries to grow its channel financing business of Greenply Industries on electronic platform.
ii. SBI will extend financial services to Greenply dealers to grow further on a very competitive pricing.
iii. It has also taken initiative to stop use of paper from its branches for end-to-end digitisation.

4. RBI PERMITS MULTILATERAL FINANCIAL INSTITUTIONS TO INVEST IN MASALA BONDS
i. The Reserve Bank of India has permitted Multilateral Financial Institutions to invest in rupee denominated bonds commonly known as ‘Masala Bonds’ issued by Indian entities.
ii. As per the RBI notification the move will enable the Indian entities issuing rupee denominated bonds abroad to have wider choice of investors.
iii. The Multilateral and Regional Financial Institutions where India is a member country can only invest in the rupee denominated bonds for example BRICS led New Development Bank, Asian Development Bank etc


5. LATA MANGESHKAR HONORED WITH 2017 LEGENDARY AWARD BY BRAND LAUREATE
i. Melody Queen and Nightingale of India Lata Mangeshkar has been conferred with the 2017 Legendary Award by the Brand Laureate for giving a unlimited memorable hits and soulful melodies in Hindi film music.
ii. The Brand Laureate Awards recognize world-class achievement in branding amongst individuals and companies. It is presented by the organization jointly with the Asia Pacific Brands Foundation.
iii. Some other prominent receivers of the award include Indian businessman Ratan Tata, former South African president Nelson Mandela, late Apple co-founder Steve Jobs, Nobel Laureate Mohammad Yunus, F1 ace Michael Schumacher and Facebook CEO Marck Zuckerburg.

6. FAST PATROL VESSEL OF INDIAN COAST GUARD SHIP ICGS AYUSH COMMISSIONED AT KOCHI
i. Fast Patrol Vessel ICGS AYUSH built by Cochin Shipyard Limited was commissioned at the Naval Base in Kochi by the AVSM Flag Officer Commanding-in-Chief of Southern Naval Command, Vice-Admiral A R Karve.
ii. The ICGS AYUSH is intended to help in anti-smuggling and search and rescue operations to secure the Indian waters by patrolling within the Exclusive Economic Zone and also help in fisheries protection.
iii. The shipyard was awarded the work of constructing 20 Fast Patrol Vessels on October 20, 2010. CSL delivered the 1st vessel in September 2013 and subsequently delivered vessels at about 2 months interval.
iv. ICGS AYUSH is the 20th and the last in the series of the Fast Patrol Vessel.

7. ISRO SUCCESSFULLY TESTS C25 ENGINE FOR GSLV MARK III ROCKET
i. The Indian Space Research Organization successfully conducted the final ground testing of its indigenously developed Cryogenic Upper Stage engine for GSLV Mark III rocket at ISRO’s Liquid Propulsion Complex at Mahendragiri in Tirunelveli district of Tamil Nadu.
ii. The ISRO Chairman AS Kiran Kumar informed that the test was last in the series before going for an actual rocket launch.
iii. The C25 stage is the most powerful upper stage developed by ISRO and uses Liquid Hydrogen and Liquid Oxygen propellant combination.
iv. It will better serve the next generation GSLV rocket to launch 4-tonne class satellite in the Geostationary Transfer Orbit.
v. The completed rocket will take on board the GSAT-19 satellite, which is an experimental communication satellite.


OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. THE MIG LEGAL AID SCHEME OF SUPREME COURT HAS BEEN LAUNCHED FOR MIDDLE INCOME GROUP PEOPLE WHOSE GROSS INCOME IS NOT MORE THAN RS -------- PER MONTH.
a)  Rs. 45000
b)  Rs. 75000
c)  Rs. 60000
d)  Rs. 50000
Q2. THE 2017 SOUTH ASIAN SPEAKERS’ SUMMIT HAS BEEN ORGANISED IN WHICH STATE?
a)  Madhya Pradesh
b)  Maharashtra
c)  Kerala
d)  Andhra Pradesh
Q3. WHICH BANK HAS SIGNED A MOU WITH INTERIOR INFRASTRUCTURE FIRM GREENPLY INDUSTRIES TO GROW ITS FINANCING BUSINESS?
a)  Bank of Maharashtra
b)  Bank of Baroda
c)  State Bank of India
d)  Union Bank of India
Q4. WHO HAS BEEN CONFERRED WITH THE 2017 LEGENDARY AWARD BY THE BRAND LAUREATE?
a) Shah Rukh Khan
b)  Lata Mangeshkar
c)  Marck Zuckerburg
d)  Ratan Tata
Q5. NAME THE 20TH FAST PATROL VESSEL OF THE INDIAN COAST GUARD THAT WAS COMMISSIONED AT THE NAVAL BASE IN KOCHI?
a)  ICGS ARMAN
b)  ICGS ARYAMAN
c)  ICGS ATULYA
d)  ICGS AYUSH

ANSWERS: 

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

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