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Saturday, September 9, 2017

DAILY CURRENT AFFAIRS: 1 SEP 2017

DAILY CURRENT AFFAIRS: 1 SEP 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. GOVERNMENT TO RELEASE NEW INDUSTRIAL POLICY
i. The Department of Industrial Policy and Promotion under the commerce and industry ministry will release a new industrial policy by October, it will focus on encouraging Indian branded products with high value addition at a global level, and will review the existing Foreign Direct Investment policy regime to facilitate greater technology transfer.
ii. Recently on august 29th, DIPP released consolidated FDI policy. The new policy is expected to replace the United Progressive Alliance government’s National Manufacturing Policy 2011, which sought to create 100 million jobs by 2022.

DAILY CURRENT AFFAIRS: 31 AUG 2017

DAILY CURRENT AFFAIRS: 31 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. NARENDRA MODI’S VISIT IN RAJASTHAN: AUGUST 2017
i. Prime Minister Narendra Modi visited Rajasthan to inaugurate few highway projects and to dedicate some to our nation along with road  transport and highways minister Nithin Gadkari. He informed that his government is setting in a culture of completion of projects unlike previous governments.
ii. PM Modi will also visit Pratap Gaurav Kendra which exhibits the valour and achievements of Maharana Pratap and pay his homage to the famous King of Mewar.
iii. He laid foundation stone and inaugurated national highway projects worth Rs 15,000 cr. He dedicated 11 national highways to the nation. These highways cover a total length of 873 kms and inaugurated a suspension bridge built across the Chambal river at Kota, making it the first 6-lane cable suspended bridge in the Rajasthan.

2. CABINET APPROVALS ON 30 AUGUST 2017
i. MoU by the Election Commission of India with the Election Management Bodies of other countries, MoU with Myanmar for the Conservation of Earthquake-Damaged Pagodas at Bag.
ii. MoU on “India-Israel Industrial R&D and Technological Innovation Fund”. Cabinet approves promulgation of GST (Compensation to States) Ordinance, 2017.
iii. Cabinet apprised of jointly issue of postage stamps between Canada and India. MoU between India and Brazil for cooperation in the fields of Zebu Cattle Genomics.

DAILY CURRENT AFFAIRS: 30 AUG 2017

DAILY CURRENT AFFAIRS: 30 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. GOVERNMENT TO LAUNCH DEEP OCEAN MISSION
i. The Union Ministry of Earth Sciences is going to launch Deep Ocean Mission by January 2018 to encourage research activities in ocean science.
ii. The proposed inter-ministerial and interdisciplinary project aims to explore and harness mineral resources beneath the ocean floor.
iii. India has 7,500 km of coastline and 2.4 million square km of exclusive economic zone. The oceans along Indian peninsula contain enormous opportunities in energy, food, medicine and a host of other natural resources. The proposed inter-ministerial and interdisciplinary project also seeks to create jobs and business opportunities in social science.
iv. It will involve the MoES and departments of other ministries like science and technology and the biotechnology etc. The Ministry would soon launch a special training programme on oceanography free of cost for university students. India was ranked 15th in the number of research papers on ocean science.

DAILY CURRENT AFFAIRS: 29 AUG 2017

DAILY CURRENT AFFAIRS: 29 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. ARUN JAITLEY HANDS OVER LRSAM TO INDIAN NAVY
i. Defence Minister Arun Jaitley handed over the Long-Range Surface-to-Air Missile jointly developed by India and Israel, to the Indian Navy at Bharat Dynamics Ltd at Kanchanbagh, Hyderabad. The first batch of LRSAM, being inducted into the Navy, was symbolically handed over to Vice Admiral Karambir Singh, the vice-chief of naval staff.LRSAM
ii. The Rocket Motor Static Test Facility was dedicated to the nation by Arun Jaitley at BDL’s Ibrahim patnam Complex located near Hyderabad. An amount of 48 Cr spent on this facility.
iii. The Union Minister inaugurated ASTRA Manufacturing Facility. Astra weapon system is an indigenously developed Air-to-Air Beyond Visual Range missile developed by DRDO. It comprises of Astra Launcher and Astra Missile. It is designed as a BVR missile with a range of 110 Km in head-on mode and 20 Km in tail-chase mode. BVR missiles are the latest in air to air combat.
iv. He also inaugurated the 5 MW Solar Photo Voltaic Power Project at BDL, Bhanur Unit, Telangana State. As part of Govt of India’s Jawarharlal Nehru National Solar Mission.

DAILY CURRENT AFFAIRS: 28 AUG 2017

DAILY CURRENT AFFAIRS: 28 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. JAMMU AND KASHMIR GOVERNMENT TO SET UP ECO-PARK IN RAJOURI DISTRICT
i. The Jammu and Kashmir government has decided to set up an Eco-Park on over 34 acres of land retrieve from encroachers in the state’s Rajouri district.
ii. The park is a first-of-its-kind project in the region. It will have a botanical garden, a cactus garden, a cafeteria and other amenities. The project has been planned under the convergence of local resources and it is expected to be completed by end of 2017.
iii. About, 34 acres of land has been included in the Eco- Park project will come up at the Kandi belt of Rajouri. The Department of Rural Development has started fencing on the retrieved land.

DAILY CURRENT AFFAIRS: 27 AUG 2017

DAILY CURRENT AFFAIRS: 27 AUG 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. RBI PANEL UNDER TARUN RAMADORAI SEEKS RIGHTS-BASED DATA PRIVACY IN HOUSEHOLD FINANCE
i. As per RBI panel there is a need to adopt a rights- based privacy framework in household finance. The committee was headed by Tarun Ramadorai, a professor in financial economics at Imperial College London, and had representatives from all financial regulators.
ii. RBI suggests adoption of a rights-based privacy framework in contrast with the more common consent-based privacy framework.
iii. The panel was set up following discussions in a sub- committee of Financial Stability and Development Council. The new privacy framework should view the creation of a Data Commissioner who will be responsible for redress of grievances as well as for establishment of standards of accountability and transparency.
iv. Data controllers (financial firms) will also be responsible for ensuring accountability, transparency, non- discrimination and data security while processing data.
v. The panel was also of the view that there should be mandatory calamity insurance with automatically triggered pay-out in zones with high natural disasters like floods and earthquakes risks.
vi. The panel also proposed simple home insurance policy covering structure and contents at a low premium.

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