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Thursday, September 14, 2017

DAILY CURRENT AFFAIRS: 12 SEP 2017

DAILY CURRENT AFFAIRS: 12 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.INDIA, SRI LANKA HOLD MINISTERIAL LEVEL TALKS IN NEW DELHI
i. External Affairs Minister Sushma Swaraj and her Sri Lankan counterpart Tilak Marapana held wide-ranging talks to deepen bilateral relationship between the two countries. It is Marapana’s first overseas visit after assuming charge as foreign minister on 15th August. Marapana also met PM Narendra Modi concluding the official part of his 3-day visit.
ii. Issues discussed: – Talks on the plight of fisherman issue was discussed from both sides, the talks are going on for the past one year in Colombo to arrive at a permanent solution. Wide range of co-operation in the areas of trade and investment.
iii. Faster implementation of bilateral projects like finalising the Mattala airport project near Hambantota as well as a container terminal at the Colombo Port.

2.GOVERNMENT TO LAUNCH PROJECT INSIGHT
i. The Union Finance Ministry, has announced that is has planned to launch ‘Project Insight’ from October, 2017, in a move to restrict black money holdings and transactions.
ii. The Government has signed a contract with L&T Infotech Ltd., regarding ‘Project Insight’. The aim of this project is to observe and check high value transactions, and track tax evaders with the help of technology to restrict black money holdings.
iii. Puropose of Project Insight: The linking of Permanent Account Number with Aadhaar will help identify and analyze the transactions of tax payers.
iv. This Information Technology method is non-intrusive. Whereas, the earlier method was search and seize, which was highly intruding the tax payers.


3.VENKAIAH NAIDU LAYS FOUNDATION FOR 1ST GREENFIELD SMART CITY PROJECT IN RANCHI
i. Vice president M.Venkaiah Naidu laid the foundation stone for the 1st and only greenfield smart city project, in Ranchi coming up on the HEC land.
ii. It is his maiden visit to Jharkhand after becoming vice president. He also laid the foundation stone for an urban civic centre, a convention centre and an urban planning and management institute.
iii. The smart city is coming up on 656 acres of HEC land which would be fully wi-fi, garbage free locality with modernised housing, carbon free, traffic management system, education hub and equipped with facilities like round the clock power and water supplies.

4.KOCHI TO HOST SUMMIT ON COASTAL SHIPPING AND WATERWAYS
i. Kochi will host the 5th edition of the ‘Coastal Shipping and Inland Water Transportation Business Summit 2017’ at Hotel Crowne Plaza.
ii. Kerala Governor P Sathasivam will present the India Sea trade Award for Excellence in Coastal Shipping & Inland Water Transportation.
iii. The summit will be an initiative to explore the potential of coastal shipping and waterways. It will also help to build a shared commitment and decode the role that each stakeholder will have to play in integrating the coastal and waterways transport infrastructure.
iv. The summit will create a platform to discuss various topics such as Indian Coastal Shipping & Inland Water Transport. It includes several sub-topics like: Policies, Current Updates & Vision, IWAI’s perspective to forward trade and economic growth with focus on Kerala, Understanding the cargo owners’ perspective on a commitment towards an instant modal shift, call to move and handle domestic cargo on coastal waters and river-borne trade and Reviving coastal shipping.

5.ASIAN DEVELOPMENT BANK TO PROVIDE $152 MILLION TO NEPAL TO ENHANCE POWER TRANSMISSION
i. Asian Development Bank announced that it would provide $152 million loan to Nepal, to enhance power transmission, in Kathmandu.
ii. The loan agreement was signed between Officer-in-charge of the ADB’s Nepal Resident Mission Mr.Sharad Bhandari and Nepal’s Finance Secretary Mr.Shanta Raj Subedi, in Kathmandu.
iii. The loan amount would be utilized to implement the Power Transmission and Distribution Efficiency Enhancement Project. This project aims to build electricity transmission lines and upgrade power sub-stations at Barhabise, Laphsiphedi, Khimti and Chapagaun areas, and enhance the capacity of distribution systems.
iv. ADB has also agreed to provide a $21 million policy-based loan to the government of Nepal. This loan would be utilized in the implementation of South Asia Subregional Economic Cooperation’s customs reforms and modernization of trade facilitation programme.

6.PAKISTAN PM INAUGURATES CHINA-BACKED FIFTH NUCLEAR POWER PLANT
i. Pakistan’s PM Shahid Khaqan Abbasi inaugurated the China-backed 340 MegaWatt nuclear power plant in its Punjab province. The 5th nuclear C-4 plant is located at Chashma in Mianwali district of the Punjab province.
ii. This nuclear power plant will address the issue of power shortage and it is also a source of cheap energy. Abbasi already promised that there would be no power shortage after November.
iii. Chashma already has three nuclear power plants known as C-1, C-2 and C-3 which are contributing to the national grid along with a similar plant in Karachi. Pakistan is also building two more nuclear power plants in Karachi known as K-2 and K-3 aimed to give a major boost to civil nuclear energy after completion.
iv. Many projects were initiated under the USD 50 billion China-Pakistan Economic Corridor.
7.SIKKIM CM PAWAN CHAMLING HONOURED AT INTERNATIONAL EVENT FOR WORK IN ORGANIC FARMING
i. During a ceremony at Germany’s Lagau on the occasion of the One World Festival Sikkim CM Pawan Chamling was honoured for his pioneering work in the field of organic farming.
ii. Chamling was conferred the Grand Prix Award during the One World Award ceremony..The award was given by Gerd Muller, the Federal Minister of Bavaria, and Joseph Wilhelm, German Organic Pioneer and Managing Director of Rupenzel.
iii. The OWA Grand Prix was conferred on representatives of the United World Colleges from Freiburg (Germany) and Pune (India).
iv. The award is presented every three years by Rapunzel and IFOAM – Organics International to people and initiatives that have an outstanding impact on the international organic movement and its ideas.
v. This year the winners were from India, Palestine, Zimbabwe, Azerbaijan, Ethiopia and Germany.

8.BWF WORLD SENIOR BADMINTON CHAMPIONSHIPS BEGINS IN KOCHI
i. BWF World Senior Badminton Championships 2017  Kochi is all set to host the BWF World Senior Badminton Championships for the first time.  The week-long tournament will see a total of 665 players from 40 countries battle it out in 8 different age groups — plus-35, plus- 40, plus-45, plus-50, plus-55, plus-60, plus-65 and plus-70 and will be played in all the five categories.
ii. A total of 175 players will represent India including Olympians — Abhinn Shyam Gupta, Nikhil Kanetkar and V Diju — along with three times Asian Games team bronze medallist Partho Ganguly and 1982 Asian Games bronze medallist Leroy D’sa.
iii. The Indian contingent will also have Arjuna awardee and Kerala player George Thomas and Commonwealth medallist and former India doubles players Sanave Thomas and Roopesh Kumar.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. THE 5TH EDITION OF THE ‘COASTAL SHIPPING AND INLAND WATER TRANSPORTATION BUSINESS SUMMIT 2017’ WILL BE HOSTED BY WHICH CITY?
a)  Kochi
b)  Chennai
c)  Mumbai
d)  Hyderabad
Q2. ADB HAS GRANTED HOW MUCH MILLION TO NEPAL TO ENHANCE POWER TRANSMISSION?
a)  $655
b)  $152
c)  $175
d)  $365
Q3. WHO HAS LAID THE FOUNDATION FOR FIRST GREENFIELD SMART CITY PROJECT IN RANCHI?
a)  Narendra Modi
b)  Nitin Gadkari
c)  Venkaiah Naidu
d)  Rajnath Singh
Q4. WHO HAS BEEN HONOURED AT INTERNATIONAL EVENT FOR WORK IN ORGANIC FARMING?
a)  S.C. Jamir
b)  Siddarmiah
c)  Joseph Wilhelm
d)  Pawan Chamling
Q5. WHO HAS WON SABA U-16 CHAMPIONSHIP 2017?
a)  India
b)  Nepal
c)  Bangladesh
d)  Srilanka

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


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