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Saturday, July 22, 2017

DAILY CURRENT AFFAIRS: 19 JULY 2017

DAILY CURRENT AFFAIRS: 19 JULY 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. BILL INTRODUCED IN LS FOR SETTING UP PETROLEUM INSTITUTE IN AP
i. A bill has introduced in Lok Sabha for setting up of the Indian Institute of Petroleum and Energy in Andhra Pradesh
ii. According to the Objects and Reasons of the bill the institute would be established in Visakhapatnam district in pursuance of the central government’s commitment for setting up a petroleum university.
iii. Under the bill, there is a provision for constituting a board of governors as well as general council for the institute. The institute would provide high quality education and conduct advance research in all aspects relating to the conventional hydrocarbons.
iv. Under the Andhra Pradesh Reorganisation Act, 2014, The Indian Institute of Petroleum and Energy Bill, 2017 was introduced by Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.

2. SC ALLOWS CENTRE TO REPLACE MCI OVERSIGHT COMMITTEE
i. The Supreme Court has allowed the Centre to replace the MCI oversight committee and to supervise the functioning of the Medical Council of India with a fresh panel of five eminent doctors.
ii. A five-judge Constitution bench is headed by Chief Justice J S Khehar observed that the Centre should constitute a panel which would replace the oversight committee.
iii. The committee set up by the court on 2nd May 2016 last was to function for a period of one year or till a suitable mechanism was brought in by the Centre to substitute it.

3. REQUISITIONING AND ACQUISITION OF IMMOVABLE PROPERTY (AMENDMENT) BILL, 2017 INTRODUCED IN LOK SABHA
i. ‘Requisitioning and Acquisition of Immovable Property (Amendment) Bill, 2017’, a bill providing for amendment to the regulations governing compensation amount payable at the time of acquisition of immovable property by the central government was introduced in the Lok Sabhai by Minister of State for Planning, Programme Implementation and Statistics Rao Inderjit Singh.
ii. The Requisitioning and Acquisition of Immovable Property Act that came into force in 1952, empowers the central government to requisition any immovable property and also to acquire them under certain specified conditions.
iii. The amendment bill to this act has been introduced amid instances of persons interested in a property challenging the acquisition move citing that they were not given the opportunity for personal hearing.

4. KOLKATA TO HOST GLOBAL BUSINESS MEET IN NOVEMBER 2017
i. The Indian Chamber of Commerce, in association with the West Bengal Government, will host Horasis Asia Meeting, a Global Business meeting, in November 2017.
ii. The two-day business meet will start from 26th November, 2017. It will focus on sustainable business practices in various areas, including power and energy.
iii. The event will be attended by over 500 delegates from over 65 countries.


5. INDIA STANDS 4TH AMONG FASTEST GROWING ECONOMIES – WORLD BANK
i. As per World Bank’s latest edition of the report titled ‘Global Economic Prospects – A fragile recovery’, India is the 4th fastest growing economy in the world behind Estonia, Uzbekistan and Nepal.
ii. For FY 2017-18, Indian economy is expected to grow at 7.2%. For following fiscal year it will grow at 7.5%. It pegs world GDP to grow at 2.7% in 2017 and 2.9% in 2018-19.
iii. Emerging market and developing economies are expected to grow at 4.1% in 2017 and reach an average of 4.6% in 2018-19.

6. SBI LAUNCHES REALTY WEBSITE ‘SBI-REALTY’ TO FACILITATE HOME BUYERS
i. SBI bank has launched ‘SBI Realty’ www.sbirealty.in. It is a one stop integrated website for home buyers. The lender is expected to expand its home loan credit through such move.
ii. SBI-Realty will help customers to choose their desired home from the universe of 3000 SBI approved projects across the country.
iii. Customers can calculate their loan amount based in his/her income and credit profile through the SBI’s newly launched website.
iv. These projects are spread across 13 states and Union Territories covering 30 cities including metros, semi metro and towns.
v. The site is developed by SBICAP Securities in association with PropEquity in terms of data support, project information.

7. SMRITI IRANI TO REPLACE VENKAIAH NAIDU AS NEW I&B MINISTER
i. Union Minister Venkaiah Naidu has resigned from PM NarendraModi’s Cabinet. Smriti Irani was given additional charge of the Information & Broadcast Ministry and Narendra Tomar was made the Minister for Urban Development.
ii. Narendra Tomar is currently the Union Minister for Rural Development and Panchayati Raj. Smriti Irani is the current Minister for Textiles.
iii. Naidu was chosen as the NDA nominee for the vice presidential election in August.
iv. The decision to nominate Naidu was taken at the BJP parliamentary party meeting.

8. NELSON MANDELA INTERNATIONAL DAY: JULY 18, 2017
i. Nelson Mandela International Day is celebrated every year on 18th July to honour the former Nobel Prize winner. The United Nations officially declared this day in November 2009.
ii. Nelson Mandela  was South Africa’s first black president (1994-1999). Mandela spent 27 years in three different prisons and was an anti-Apartheid icon who led a memorable life.
iii. After he retired from politics, Mandela continued to advocate for peace and understanding, many a time through the Nelson Mandela Foundation, founded in 1999.
iv. For 67 years, Nelson Mandela devoted his life to the service of humanityas a human rights lawyer, a prisoner of conscience, an international peacemaker and the 1st democratically elected president of a free South Africa.
v. The UN General Assembly declared 18 July “Nelson Mandela International Day” in recognition of the former South African President’s contribution to the culture of peace and freedom.
vi. The Nelson Mandela Foundation is dedicating this year’s Mandela Day to Action against Poverty, honouring Nelson Mandela’s leadership and devotion to fighting poverty and promoting social justice for all.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. ‘REQUISITIONING AND ACQUISITION OF IMMOVABLE PROPERTY (AMENDMENT) BILL, 2017’, A BILL PROVIDING FOR AMENDMENT TO THE REGULATIONS GOVERNING COMPENSATION AMOUNT PAYABLE AT THE TIME OF ACQUISITION OF IMMOVABLE PROPERTY BY THE CENTRAL GOVERNMENT WAS INTRODUCED IN THE LOK SABHA ON JULY 18. THIS BILL IS AN AMENDMENT TO THE ORIGINAL ACT THAT CAME INTO FORCE IN?
a)  1951
b)  1952
c)  1949
d)  1950
Q2. WHICH AMONG THE FOLLOWING CITY WILL HOST HORASIS ASIA MEETING, A GLOBAL BUSINESS MEET IN NOVEMBER 2017?
a)  Ajmer
b)  Bhubaneswar
c)  Kolkata
d)  Varanasi
Q3. WHICH PUBLIC SECTOR BANK LAUNCHED A ONE STOP INTEGRATED WEBSITE FOR HOME BUYERS?
a)  Punjab National Bank
b)  Bank of Baroda
c)  Canara Bank
d)  State Bank of India
Q4. WHO AMONG THE FOLLOWING HAS BEEN GIVEN THE ADDITIONAL CHARGE OF THE MINISTRY OF INFORMATION AND BROADCASTING AFTER M VENKAIAH NAIDU RESIGNED TO CONTEST THE VICE-PRESIDENTIAL ELECTION?
a)  Smriti Irani
b)  Nitin Gadkari
c)  Suresh Prabhu
d)  Rajnath Singh
Q5. ‘NELSON MANDELA DAY’ IS CELEBRATED ON WHICH DATE EVERY YEAR?
a)  19th July
b)  17th July
c)  20th July
d)  18th July

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


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