DAILY CURRENT AFFAIRS: 22 NOV 2017

DAILY CURRENT AFFAIRS: 22 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      CABINET APPROVES SETTING UP OF 15TH FINANCE COMMISSION
i. The Cabinet has approved the setting up of the 15th Finance Commission which will assess the tax resources of the nation and suggest a formula for their devolution among states. Its recommendations will have to be in place before April 1, 2020, it takes 2 years for Finance Commission to give its recommendations.
ii. As per Article 280 of the Constitution, the Commission is required to make recommendations on the distribution of the net proceeds of taxes between the Centre and the States.

2.      INDIA-MYANMAR JOINT ARMY EXERCISE “IMBAX-2017” BEGINS IN MEGHALAYA
i. IMBAX-2017 First India-Myanmar bilateral military exercise 2017 begun in Umroi in Meghalaya. IMBAX-2017 will continue till November 25, 2017.
ii. This exercise is being held to train Myanmar’s army delegation for participation in United Nations Peacekeeping Operations. IMBAX-2017 is being conducted at the recently created Joint Training Node of the Indian Army at Umroi, which is situated 30km away from Meghalaya capital’s Shillong.
iii. 15 officers from Myanmar Army and 16 officers from the Indian Army are taking part in IMBAX-2017. As Indian Army contingents have rich experience of serving in UNPKO,  Indian Army officers taking part in IMBAX-2017 will impart training to Myanmar Army delegation on the tactics, procedures, expertise and methodology to be adopted by contingent of member nations while taking part in UNPKO.


3.      J P NADDA INAUGURATES 1ST WORLD CONFERENCE ON ACCESS TO MEDICAL PRODUCTS IN NEW DELHI
i. Union Minister of Health and Family Welfare, J P Nadda inaugurated the 1st World Conference on Access to Medical Products and International Laws for Trade and Health in the Context of the 2030 Agenda for Sustainable Development, in New Delhi.
ii. The Conference is being organized by the Ministry of Health & Family Welfare with the support of WHO Country Office for India and in partnership with Indian Society of International Law.
iii. The objective of the Conference is to exchange knowledge and expand understanding on contemporary issues in international trade laws and research and innovation for access to medical products to achieve Sustainable Development Goals 2030 agenda.
iv. J P Nadda stated that the coordination between the National Regulatory Authorities and pharmaceutical sector will enable launch and registration of new health technologies.

4.      INDIA BECOMES SECOND LARGEST FISH PRODUCING COUNTRY IN THE WORLD
i. Combining the production of all types of fisheries (capture and culture), the total fish production has reached at about 11.41 million tonnes in 2016-17 and India has become the second largest fish producing country in the world, Union Agriculture Minister Radhan Mohan Singh stated while addressing a conference on the occasion of World Fisheries Day in New Delhi.
ii. The scheme 'Blue Revolution' has been launched with the outlay of Rs. 300 cr for the integrated development of the Fisheries sector in the country. As a result, overall fish production has registered an increase of about 18.86% in comparison to the last three years, whereas inland fish production has registered a growth of more than 26%.

5.      CONFERENCE OF COMMANDERS OF EASTERN AIR COMMAND COMMENCE IN SHILLONG
i. A two-day conference of all Commanders of Eastern Air Command commenced at Shillong in Meghalaya, where issues pertaining to security are being discussed.
ii. Chief of the Air Staff Air Chief Marshal B S Dhanoa interacted with the Commanders and exhorted them to put in efforts to upgrade the operational infrastructure and capability of eastern zone.

6.      ANDHRA BANK LAUNCHES SCHEME TO PUSH ENTREPRENEURSHIP
i. Andhra Bank has launched a new scheme for self-help groups to encourage entrepreneurship. The scheme, Pattabhi Sitaramayya — Self Business Group, has been introduced to commemorate the 138th birth anniversary of its founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme in the country.
ii. Under the scheme, SHGs having five years of association with Andhra Bank and having successfully completed three credit rotations with good repayment record and an aptitude for entrepreneurship will be eligible for a loan.

7.      TELANGANA MAKES TELUGU COMPULSORY TILL INTER FROM NEXT ACADEMIC YEAR
i. Telugu would be implemented as a compulsory subject from first standard to Intermediate, including in the CBSE and ICSE schools, from the next academic year in Telangana.
ii. Deputy Chief Minister K. Srihari, who also holds Education portfolio, reviewed the steps to be taken before the commencement of the 2018-19 academic year in tune with the decision already taken by Chief Minister K. Chandrasekhar Rao.

8.      BRAHMOS FLIGHT TEST FROM IAF’S SU-30MKI FIGHTER AIRCRAFT
i. Brahmos, the world’s fastest supersonic cruise missile created history after it was successfully flight-tested first time from the Indian Air Force’s frontline fighter aircraft Sukhoi-30MKI against a sea-based target in the Bay of Bengal.

ii. The successful maiden test firing of Brahmos Air Launched Cruise Missile from Su-30MKI will significantly bolster the IAF’s air combat operations capability from stand-off ranges.

9.      PAYTM ACQUIRES STAKE IN ONLINE LOANS FIRM CREDITMATE
i. Paytm has bought an undisclosed stake in Urja Money Pvt. Ltd, which evaluates creditworthiness of people seeking loans to buy two-wheelers. Paytm will use Urja’s proprietary CreditMate technology to create a loan management system in collaboration with lending partners.
ii. Mumbai-based Urja, incorporated in July 2016, has partnerships with banks and non-banking entities on the supply side and auto-dealers on the demand side. The company raised $500,000 from India Quotient last November.

10.  FACEBOOK AIMS TO TRAIN 5 LAKH INDIANS ON DIGITAL SKILLS BY 2020
i. Social networking giant Facebook stated that it expects to train about five lakh people in India on digital skills by 2020 and has unveiled two programmes designed for individuals and start-ups.
ii. The two programmes - Facebook Digital Training and Facebook Startup Training Hubs - are being rolled out in India before any other country. Apart from these two, Facebook also runs offline training programmes as well as Blueprint (free online training for advertising on Facebook).

11.  TRUMP, PUTIN AGREE TO SUPPORT UN IN SYRIAN PEACE PROCESS
i. US President Donald Trump and Russian President Vladimir Putin has agreed to support the U.N. effort to "peacefully resolve" the nearly seven-year-long Syrian civil war.
ii. They also discussed ways "to implement a lasting peace in Ukraine," where pro-Russian separatists have been fighting troops loyal to Kyiv, and how to keep international pressure on North Korea to end its nuclear weapon and missile development programs.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. IMBAX – 2017 IS THE BILATERAL MILITARY EXERCISE BETWEEN INDIA AND WHICH OTHER COUNTRY?
a)  Srilanka
b)  Bhutan
c)  Nepal
d)  Myanmar
Q2. WHERE WAS THE 1ST WORLD CONFERENCE ON ACCESS TO MEDICAL PRODUCTS AND INTERNATIONAL LAWS FOR TRADE WAS INAUGURATED?
a)  Chennai
b)  Mumbai
c)  New Delhi
d)  Patna
Q3. IN WHICH INDIAN CITY, THE CONFERENCE OF ALL COMMANDERS OF EASTERN AIR COMMAND WAS HELD AT?
a)  Pune
b)  Shillong
c)  Gangtok
d)  Srinagar
Q4. WHEN IS THE WORLD FISHERIES DAY CELEBRATED ALL OVER THE WORLD?
a)  21 November
b)  29 November
c)  23 November
d)  24 November

ANSWERS: 

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