DAILY CURRENT
AFFAIRS: 25TH & 26TH MAY 2017
(DAILY NEWS INDIA)
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.