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Monday, September 18, 2017

DAILY CURRENT AFFAIRS: 13 SEP 2017

DAILY CURRENT AFFAIRS: 13 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      UNION GOVERNMENT REORGANISES SIX COMMITTEES OF CABINET
i. After the recent ministry reshuffle the Union Government has reorganized six Committees of the Cabinet.
ii. Defence minister Nirmala sitharaman and Railway minister Piyush whose portfolios was recently elevated were inducted in Cabinet Committee on Political affairs.
iii. Nirmala sitharaman, Piyush , Minister for Petroleum and Natural Gas Dharmendra Pradhan were also included as permanent members of the Cabinet Committee on Economic Affairs.


2.      WORLD CONGRESS OF OPTOMETRY BEGINS IN HYDERABAD
i. The 2nd World Congress of Optometry began in Hyderabad. It was inaugurated by State Health Minister C. Laxma Reddy. It was organised in partnership with the Asia Pacific Council of Optometry and the India Vision Institute. The theme of the conference is “Accessible, quality vision and eye health”.
ii. The aim of the congress is to give unique opportunity for anyone in the eye health sector including community and hospital practitioners, researchers, academics and students.
iii. In Hyderabad congress they’ll discuss the latest research in optometry. While cataract remains the leading cause of blindness in developing countries, refractive errors are leading to preventable blindness. The talks will focus on the future of Optometry, upgrading Optometrists’ skills, as well as developing clinical and professional knowledge and skills.
iv. The congress is in line with WHO’s ‘Universal eye health: A global action plan 2014-2019’ which aims to reduce the avoidable visual impairment by 25% by 2019.
v. The first congress of optometry was held in Columbia. It was organised by World Council of Optometry, and La Federación Colombiana de Optómetras.

3.      COMMERCE & INDUSTRY MINISTRY ORGANIZED STATE STARTUP CONFERENCE IN NEW DELHI
i. The Department of Industrial Policy and Promotion organized the 2nd States’ Startup Conference at Pravasi Bhartiya Kendra, New Delhi.
ii. Venture Capitalists, Incubators, Accelerators, Banks, etc. and over 100 Startups from all over India participated in the conference.
iii. Issues regarding incubation facilities in India, role of State Government in arranging funds and making regulations easier for Startups were discussed. Various states presented the initiatives taken by them to promote startups.

4.      SHRIPAD NAIK INAUGURATED REGIONAL RESEARCH INSTITUTE OF HOMEOPATHY IN AGARTALA
i. Union Minister of State (I/C) for AYUSH Shripad Naik has inaugurated the Regional Research Institute of Homoeopathy in Agartala, Tripura, as part of the government’s plan to strengthen health services and propagate traditional systems of medicine in North-Eastern states.
ii. This is the 3rd homoeopathic regional research institute in the North Eastern region and the first with own land and building.
iii. RRI is among the 9 institutes functioning under the Central Council for Research in Homoeopathy. The institute is spread over an area of 2.05 acres and offers facilities like general OPD, research OPD, pathological investigations, and a 30-bedded IPD.

5.      FIFTH EAS ECONOMIC MINISTERS’ MEETING HELD IN PHILIPPINES
i. 5th East Asia Summit Economic Ministers Meeting was held in Pasay City, Philippines. Mr.Ramon M. Lopez, Secretary of Trade and Industry of Philippines was the chairperson.
ii. Economic Ministers from all ASEAN Member States, Australia, China, Japan, India, Republic of Korea, New Zealand, the Russian Federation and the United States participated in the event.
iii. The Ministers supported the strong trade and investment relations among the EAS countries. Global economic growth is predicted to increase to 3.5 % in 2017.
iv. The Ministers also highlighted the importance of trade agreements being open, transparent, and WTO-consistent.
v. The Ministers committed to continue to fight against all unfair trade practices. The Ministers appreciated the Economic Research Institute for ASEAN and East Asia.

6.      BANKS NEED $65 BILLION ADDITIONAL CAPITAL TO MEET BASEL III NORMS: FITCH
i. Fitch Ratings declared that Indian banks will need an additional capital of $65 billion in order to satisfy all the banking rules of global Basel III norms, by March 2019.
ii. Indian banks will need an additional capital of $65 billion by March 2019. State-run banks account for 95% of the capital. Fitch warns that Indian lenders have limited options to raise the capital.
iii. Stressed loans in Indian banks make a record $150 billion, with most of them in the state-run banks. Unless NPL are resolved it is not possible for the state-run banks to recover the capital. The reasons for this are low common equity ratios and provisioning requirements for new loans.

7.      KARNATAKA & FINLAND IN INNOVATION TIE UP FOR START-UP INCUBATION
i. Karnataka Department of Information Technology and Biotechnology signed a MoU with the Embassy of Finland, in Bengaluru.
ii. The innovation co – operation between Karnataka and Finland is called Karnataka–Finland Innovation Corridor. It offers a virtual platform that enables the exchange of information and expertise in the fields of science, innovation, research and skill development.
iii. Joint projects such as start-up incubation programmes, events, research programmes, competitions and exposure visits would be organized. Karnataka-based i-Samarth programme, would be the focal point for Indian and Finnish companies to collaborate in the fields of research and development and innovation.

8.      PRAKASH PADUKONE TO RECEIVE BAI’S FIRST LIFETIME ACHIEVEMENT AWARD
i. Badminton Association of India announced that it would award its 1st Lifetime Achievement Award to Prakash Padukone, in Kochi.
ii. The announcement was made by BAI president Dr.Himanta Bishwa Sarma during BWF World Senior Championships, in Kochi. A grand ceremony would be organized in Delhi to honour Prakash Padukone with the award.
iii. Prakash Padukone is the only Indian male badminton player to have reach the world number 1 rank. He has been awarded the Arjuna Award and Padma Shri Award by the Government of India.

9.      INDIAN ECONOMIST BINA AGARWAL WINS PRESTIGIOUS BALZAN PRIZE
i. Indian economist Bina Agarwal wins prestigious Balzan Prize, which is to be awarded in Bern, Switzerland, in November 2017.
ii. She has been announced as Balzan Prize winner in the gender studies category for her “heroic” work studying women’s contributions to agriculture in India. She is a professor at the University of Manchester, United States of America.
iii. Mr. James Allison of the University of Texas MD Anderson Cancer Center and Mr. Robert Schreiber of the Washington University School of Medicine were announced Balzan award for their work on antibody treatments that has increased the survival of patients with metastatic melanoma.

10.  US OPEN TENNIS 2017
i. The 2017 US Open Tennis was held, on hard courts at the USTA Billie Jean King National Tennis Center, in New York. It was the 137th edition of the US Open Tennis and the 4th and final Grand Slam event of 2017.
ii. Rafael Nadal won the US Open 2017 Men singles title by defeating Kevin Anderson at Arthur Ashe Stadium in Flushing, New York. Now, Rafael Nadal has won his 3rd US Open title and 16th Grand Slam title.
iii. Sloane Stephen won the Women’s singles title by defeating Madison Keys in the finals.
iv. Jean-Julien Rojer and Horia Tecau defeated Feliciano Lopez and Marc Lopez and won the 2017 US Open men’s doubles Grand Slam, in Arthur Ashe Stadium.
v. Chan Yung-Jan and Martina Hingis defeated Lucie Hradecka and Katerina Siniakova and won women’ s doubles title.
vi. Martina Hingis and Jamie Murray defeated Chan Hao-ching and Michael Venus in mixed doubles title.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHERE WAS THE WORLD CONGRESS OF OPTOMETRY STARTED?
a)  Bangalore
b)  Chandigarh
c)  Bihar
d)  Hyderabad
Q2. WHICH MINISTRY HAS ORGANIZED STATE STARTUP CONFERENCE IN NEW DELHI?
a)  HRD Ministry
b)  Commerce & Industry Ministry
c)  Urban Development Ministry
d)  Home Ministry
Q3. HOW MUCH ADDITIONAL CAPITAL IS NEEDED FOR INDIAN BANKS TO SATISFY ALL THE BANKING RULES OF GLOBAL BASEL III NORMS, BY MARCH 2019 ACCORDING TO FITCH RATINGS?
a)  $100 billion
b)  $ 36 billion
c)  $ 65 billion
d)  $ 70 billion
Q4. WHO WILL BE RECEIVING BAI’S FIRST LIFETIME ACHIEVEMENT AWARD?
a)  Prakash Padukone
b)  Pullela Gopichand
c)  Virat Kohli
d)  Sachin Tendulkar
Q5. WHO HAS WON US OPEN TENNIS IN MEN’S SINGLE?
a)  Stan Wawrinka
b)  Rafael Nadal
c)  Novak Djokovic
d)  Roger Federer

ANSWERS: 

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

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