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Thursday, June 29, 2017

DAILY CURRENT AFFAIRS: 24TH JUNE 2017

DAILY CURRENT AFFAIRS: 24TH JUNE 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.INSS

1. INDIA’S BIGGEST MUNICIPAL BONDS PROGRAMME LAUNCHED IN MAHARASHTRA
i. Pune Municipal Corporation launched India’s biggest municipal bonds  programme. The project looks to raise Rs 2,264 cr in five years. Union Urban Development Minister Venkaiah Naidu launched the programme at Bombay Stock Exchange.
ii. In its first tranche, the Pune Municipal Corporation raised Rs.200 cr through the Bombay Stock Exchange’s bond trading platform at a coupon rate of 7.59% for 10 years.
iii. The issue received a good response with bonds being over-subscribed by six times.


2. A COMMEMORATIVE POSTAGE STAMP RELEASED ON COMPLETION OF 50 YEARS OF PASSPORT ACT
i. A commemorative postage stamp has released on completion of 50 years of Passport Act on 23rd of June.
ii. 1967 the President gave assent to the Passports Act 1967 and it marked an important milestone in the history of passport issuance in India.
iii. The Passports Act provided a robust legal framework for the issue of passports and travel documents and regulation of the departure from India of Indian citizens.
iv. It has been decided to set up 235 POPSK in two phases 86 in Phase-I and 149 in Phase-II. 52 POPSK of Phase-I have been operationalized.

3. WORLD BANK, AIIB TO GRANT $380 MILLION TO ANDHRA PRADESH POWER PROJECT
i. The World Bank and Asian Infrastructure Investment Bank have granted $380 million of loan to Andhra Pradesh for Power Project.
ii. It aims towards helping the southern state and will build a reliable, quality and affordable power supply to citizens. AIIB has signed a $140 million loan, which is considered the first such project in India to be co-financed by it.
iii. The World Bank and AIIB will provide loans in a 60:40 ratio for all the components of the  Navratna Company Power Grid Corporation of India has commissioned a record Rs 30 project.
iv. The agreement was signed by the union finance ministry’s joint secretary of economic affairs Raj Kumar and Andhra’s energy department advisor K Ranganathan.

4. COMMERCE AND INDUSTRY MINISTER NIRMALA SITHARAMAN LAUNCHES THE STARTUP INDIA VIRTUAL HUB
i. Nirmala Sitharaman, the Commerce & Industry Minister has launched the Startup India Virtual Hub. It is an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other.
ii. Nirmala Sitharaman has mentioned that Startup India Virtual Hub aims to create a marketplace where all the stakeholders can interact, exchange knowledge, and enable each other to grow.
iii. It is to bring the entire ecosystem together on one platform and it will provide potential startups, helping them access the right resources at the right time.
iv. The portal will host startups, investors, funds, mentors, academia, incubators, accelerators, corporate, Government bodies and more.
v. The Virtual Hub is a dynamic & interactive platform that will facilitate learning & development, networking, mentorship, funding,for startups.

5. AMAZON TIES-UP WITH CLEARTAX TO MAKE E-SELLERS GST READY
i. E-commerce giant Amazon has tied up with ClearTax to help sellers on their platform. It can make a seamless transition to the GST regime and also help them file their tax returns with ease.
ii. ClearTax Biz and Cleartax Biz+ are the two software launched by the ClearTax. It will be available to the sellers free of cost for the 1st two months after sign-up.
iii. After that it will be provided at a 30% discount for sellers registered with Amazon India. The product aims to be a one-stop GST solution for sellers on Amazon’s marketplace.

6. ISRO LAUNCHES EARTH-OBSERVATION CARTOSAT-2E AND 30 NANO SATELLITES
i. Indian Space Research Organisation’s launched Cartosat-2E satellite and 30 nano satellites from Satish Dhawan Space Centre located at Srihrikota in Andhra Pradesh.
ii. 712 kg Cartosat-2E satellite and 30 nano satellites together, weighing about 243 kg were launched using ISRO’s Polar Satellite Launch Vehicle.
iii. Cartosat-2E is a remote sensing satellite and is similar in configuration to earlier satellites in the series. Its objective is to provide high-resolution scene specific spot imagery.

7. WORLD PUBLIC SERVICE DAY:  JUNE 23, 2017
i. World Public Service day is observed on June 23. This day is dedicated by the United Nations to “celebrate the value and virtue of public service to the community”.
ii. The Theme of World Public Service Day 2017 was ‘The Future is Now’.
iii. Since 2003, this day is marked with UN Public Service Awards Ceremony wherein works of public servants are recognized and they are awarded for their contributions in the field.

8. INTERNATIONAL OLYMPIC DAY: JUNE 23, 2017
i. The International Olympic day is celebrated on June 23. This day was introduced in 1948 to commemorate the birth of the modern Olympic Games on 23 June 1894 at the Sorbonne in Paris.
ii. The goal of this day is to promote participation in sport across the globe regardless of age, gender or athletic ability.


OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH AMONG THE FOLLOWING MUNICIPAL CORPORATION LAUNCHED INDIA’S BIGGEST MUNICIPAL BONDS PROGRAMME?
a)  New Delhi Municipal Corporation
b)  Ahmedabad Municipal Corporation
c)  Pune Municipal Corporation
d)  Indore Municipal Corporation
Q2. CENTRAL GOVERNMENT RELEASED A COMMEMORATIVE POSTAGE STAMP ON COMPLETION OF 50 YEARS OF?
a)  The Passports Act, 1967
b)  The Finance Act, 1967
c)  The Voters Card Act, 1967
d)  The Banking Act, 1967
Q3. THE WORLD BANK AND ASIAN INFRASTRUCTURE INVESTMENT BANK HAVE TOGETHER AGREED TO EXTEND THE LOAN TO WHICH INDIAN STATE TOWARDS HELPING IT BUILD A RELIABLE, QUALITY AND AFFORDABLE POWER SUPPLY TO CITIZENS?
a)  Jharkhand
b)  Andhra Pradesh
c)  Kerala
d)  Telangana
Q4. WHO AMONG THE FOLLOWING LAUNCHED THE STARTUP INDIA VIRTUAL HUB AT NEW DELHI?
a)  Finance Minister Arun Jaitley
b)  President Pranab Mukherjee
c)  Vice-President Hamid Ansari
d)  Commerce Minister Nirmala Sitharaman
Q5. WHAT WAS THE THEME OF ‘UN PUBLIC SERVICE DAY’ CELEBRATED?
a)  The Future is Now
b)  Public Service for Inclusive Growth
c)  Public Service as a Career
d)  Public Service and Use of Technology

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





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