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Friday, June 2, 2017

Daily Current Affairs 25th & 26th May 2017

DAILY CURRENT AFFAIRS: 25TH & 26TH MAY 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. WORLD’S SMALLEST NATION, NAURU HAS RATIFIED THE INTERNATIONAL SOLAR ALLIANCE FRAMEWORK PACT.
i. Aaron Cook, Nauru’s Commerce, Industry and Environment Minister handed over the ratification document to Union Finance, Defence and Corporate Affairs Minister Arun Jaitley.
ii. The highest point on Nauru’s terrain is only 65 metres above sea level. Thus it is extremely vulnerable to rising sea level due to climate change.
iii.  30% of the Nauru’s energy needs are met through solar power installations. Its Government has set a target to attain 50% of energy production from renewable sources by 2020.

2. 3RD RCEP INTER-SESSIONAL MINISTERIAL MEETING
i. 3rd Regional Comprehensive Economic Partnership Inter-sessional Ministerial Meeting was held in Hanoi, Vietnam.
ii. Trade Ministers of all 16 RCEP countries participated in this meeting. Indian delegation to this meeting was led by Union Commerce and Industry Minister Nirmala Sitharaman.
iii. As Philippines is currently holding the Presidency of ASEAN, the RCEP Inter-sessional Ministerial Meeting was chaired by Trade Minister and Industry Minister of Philippines - Ramon Lopez.

3. START UP INDIA SUMMIT HELD IN UAE
i. A two-day ‘Startup India Summit’ was held in Abu Dhabi, UAE.
ii. This summit was held by the Consul General of India in Dubai and Embassy of India in Abu Dhabi in partnership with iSPIRIT, a nonprofit think tank and was supported by TiE Dubai, a nonprofit association dedicated to fostering entrepreneurship.
iii. The summit aimed to provide a shared platform for the Startup eco system in both, India and UAE for greater collaboration, interaction with academia, exchange of ideas, investors and industry and for having access to funding from the venture capitalist in the UAE.
iv. 17 Startup companies from India in the space of artificial intelligence, digi medicine, financial technology, health care technology, innovative technology and software services took part in the summit.

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