DAILY CURRENT AFFAIRS: 10 AUG 2017

DAILY CURRENT AFFAIRS: 10 AUG 2017

(DAILY NEWS INDIA)

SHARED BY: WWW.DAILYGK.IN

1. GOVERNMENT TO EXPAND LOGISTICS DATA BANK PROJECT TO SOUTH INDIA

i. Government will soon expand operation of Logistics Data Bank project to India’s southern region. So far, it had covered only the western logistics corridor.

ii. Logistics Data Bank project was unveiled in July 2016 at the Jawaharlal Nehru Port, Mumbai with an aim to bring efficiency in the current Logistics & Supply Chain environment through use of information technology that would be helpful for tracking and viewing the movement of containers across the port.

iii. The LDB is being implemented through a Special Purpose Vehicle called Delhi Mumbai Industrial Corridor Development Corporation Logistics Data Services Ltd. — that is jointly (50:50) owned by the Delhi Mumbai Industrial Corridor Trust and Japanese IT services major NEC Corporation.

2. DHAKA TO OPEN DIPLOMATIC STATION IN CHENNAI

i. Bangladesh will open a new diplomatic station in Chennai. It is likely to focus on medical tourism and educational centres that drew thousands of Bangladesh citizens to India every year.

ii. The main focus will be to address the needs of Bangladeshi citizens who visit India for medical and educational purposes. Medical treatment will include super-specialty treatment of kidney, eye and neurological issues available in southern India which draws Bangladeshi citizens to India in large numbers.

iii. The country is going to open 17 new diplomatic missions across the world, including the new one in Chennai. Bangladesh emerged as the largest overseas user of India’s health services sector during 2015-16.

iv. Reports suggest that out of the 4,60,000 foreign patients treated in Indian hospitals, nearly 165,000 were from Bangladesh. During the April visit of PM Sheikh Hasina, both sides also concluded an agreement to help family members of the veterans of the 1971 war get medical treatment in Indian hospitals.

3. INDIA RATIFIES 2ND COMMITMENT PERIOD OF KYOTO PROTOCOL

i. India has ratified the 2nd commitment period of the Kyoto Protocol that commits countries to contain the emission of greenhouse gases, reaffirming its stand on climate action.

ii. India’s Permanent Mission to the Unmentioned that India deposited its Instrument of Acceptance of the Doha Amendment to the Kyoto Protocol under the UN Convention on Climate Change. India has submitted instrument of acceptance of Doha Amendment to Kyoto Protocol.

iii. India has become the 80th country to accept the amendment relating to the 2nd commitment period of the Kyoto Protocol, the international emissions reduction treaty.

4. INDIA RANKS 43RD IN GLOBAL RETIREMENT INDEX

i. India ranked 43rd position in 2017 Global Retirement Index. It is published by French asset management company Natixis Global.

ii. The index ranks total 43 countries on the basis of 4 factors: a)The material means to live comfortably in retirement. b) Access to quality health services. c) Access to quality financial services to help preserve savings value and maximize income. d) Clean and safe environment.

iii. The top three countries in 2017 GRI are Norway, Iceland and Switzerland. The 43 countries include members of the Organization for Economic Co-operation and Development, International Monetary Fund advanced economies and the BRIC countries (Brazil, India, Russia and China).

iv. The purpose of the index is to provide a global benchmark for retirees and future retirees so that they can evaluate and compare the suitability of various nations, and plan their retirement according to their expectations and needs

5. VIJAYA BANK OPENS SELF-EMPLOYMENT TRAINING INSTITUTE IN INDORE

i. Vijaya Bank has disbursed loan sanction letters to beneficiaries who were trained at the Vijaya Bank Self Employment Training Institute in Bhenslay Village, Indore, Madhya Pradesh.

ii. VIBSETI trains youth for starting their own enterprises.  Kishore Sansi, Managing Director and CEO, Vijaya Bank, inaugurated the new premises recently.

iii. The bank has sponsored 3 VIBSETIs at Mandya and Haveri in Karnataka and Indore in Madhya Pradesh, where free residential training is provided to low-income groups/rural youth.

iv. So far, more than 50,000 candidates have been trained, 70% of whom have set up their own micro enterprises.

6. AMAZON LAUNCHES VIRTUAL CUSTOMER SERVICE IN INDIA

i. Amazon has announced the launch of Virtual Customer Service model. It is an initiative launched to create cost efficient employment prospects for skilled candidates seeking more flexible work opportunities.

ii. VCS has currently been launched in Hyderabad, Coimbatore, Pune and Noida. It is opening up comfortable channels of employment to people and VCS is an opportunity for those who are unable to come to office every day due to personal reasons but are passionate about their work.

iii. This initiative will help many people resume their career and find an earning with the comfort of being at home. Amazon also aims to provide and enhance a proficient support experience to customers.

iv. The virtual customer service would help reduce customer’s effort, make it simpler to detect and quickly resolve the problems. It also helps in their needs and educating them on relevant products, programmes and services offered by Amazon.

7. GUJARAT FIRST STATE TO IMPLEMENT COAL UTILISATION BETWEEN POWER UNITS

i. The Gujarat government has issued a tender for power developers to receive cheap coal. It is marked for the state in return for selling coal-based power at less than Rs 2.82 a unit.

ii. Through this auction, Gujarat will transfer the coal allocated to power generating stations. It is owned by Gujarat State Electricity Corporation to more fuel-efficient private power plants.

iii. The aim is to reduce the cost of fuel for financially ailing distribution companies and ensure effective distribution of domestic coal. Under the new policy, the coal requirement of a state would be clubbed and assigned to the respective state or state-nominated agencies.

iv. The reverse auction would be held in September for procuring 1,000 megawatt of power. The successful power plant would be selling electricity to the state from 1st of October to 30th June 2018.

v. GSECL has allocation from the Korba coalfield in Chhattisgarh and Korea Rewa coalfield in Madhya Pradesh. The policy also allowed coal swaps from inefficient plants to efficient ones, and from those situated away from coal mines to the pit-head, to minimize cost of coal transportation.

8. JUSTICE DIPAK MISRA APPOINTED AS 45TH CHEIF JUSTICE OF INDIA

i. Union Government appointed Justice Dipak Misra as the 45th Chief Justice of India. He will be replacing incumbent Justice J S Khehar, who is set to retire on August 27.

ii. Justice Misra will have tenure of about 14 months till October 2, 2018. It is to be noted that Justice Misra will be the 3rd person from Odisha to be appointed the Chief Justice of India, after Justices Ranganath Misra and G B Pattanaik.

9. KYNAN CHENAI WON BRONZE AT 7TH ASIAN SHORTGUN CHAMPIONSHIP

i. Trap shooter and Olympian Kynan Chenai won the bronze medal in the Men’s Trap, at the ongoing 7th Asian Championship Shotgun, being held at Astana, Kazakhstan.

ii. Kynan 1st shot 116 out of 125 to qualify for the 6-man final round in third position and then held on to it till the end of the finals.

iii. Abdulrahman Al Faihan of Kuwait won Gold medal and Talal Al Rashidi also of Kuwait won Silver Medal. Other Indian shooters, Zoravar Singh Sandhu ended in 17th place while Birendeep Sodhi finished 36th.

iv. In the team section, India finished on 7th place. Kuwait won gold, Lebabnon won silver while the UAE won bronze.

10. 75TH ANNIVERSARY OF QUIT INDIA MOVEMENT

i. The nation is celebrating the 75th anniversary of the Quit India Movement. A number of events are being planned at organisational and local levels to mark the occasion.

ii. This year’s theme is “Sankalp se Siddhi- the attainment through resolve”. PM Modi termed the month of August as a month of revolution as the non-cooperation movement was launched on 1st of August 1920, Quit-India movement on 9th August 1942 and on 15th August 1947 India became independent.

iii. The National Archives of India is organizing a special exhibition in New Delhi to mark the 75th year of Quit India Movement and Azad Hind Fauz.

iv. The two big events of the Indian history will be displayed through thousands of declassified files and documents. PM Narendra Modi has also taken oath to create a “New India of our dreams” by 2022 by eliminating poverty, terrorism, dirt, corruption, casteism, and communalism.