Tuesday, February 28, 2017

Current Affairs Update - 28 February, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 28th February, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains as well as other insurance and bank exams.


Current Affairs at a Glance - 28 February, 2017 - Click/Tap to show
  1. The Reserve Bank today announced setting up of the inter—disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology. The 11—member committee will also study adoption of various security standards and protocols, interface with stakeholders and suggest appropriate policy interventions to strengthen cyber security and resilience, the central bank said. Going forward, the committee headed by Meena Hemchandra, Executive Director, RBI, can co—opt more experts and also operate through a framework of sub—committees to examine specific issues, it said.
  2. Reliance Jio has announced a collaboration with networking giant Cisco to further expand Jio existing multi-terabit capacity with the first All-IP converged network in India.
  3. The Bharat Sanchar Nigam Ltd (BSNL) will sign a memorandum of understanding (MoU) with Nokia at MWC 2017 today. According to a report by PTI, the MoU is in the areas of 5G and the Internet of Things (IoT) applications. It entails strategic cooperation for smoother evolution and transition from 4G to 5G. It also involves join 5G demonstration, IoT applications, and more.
  4. Railways Minister Suresh Prabhakar Prabhu on 27 February 2017 flagged off the first Antyodaya clan of trains and the fourth Humsafar clan of trains through video conferencing. Sri Ganganagar - Tiruchirappalli Humsafar Express will pass through Krishnarajapuram, Pune and Ahmedabad. While, Ernakulam - Howrah Antyodaya Express will cross Salem, Katpadi and Visakhapatnam.
  5. India’s Civil Aviation Minister, Ashok Gajapathi Raju inaugurated the country’s first integrated heliport at Rohini in North Delhi on 28 February 2017.
  6. TripAdvisor, an American travel website, in February 2017 ranked Radhanagar beach of the Andaman and Nicobar Islands among top 10 beaches in the world. The beach on the Havelock Island in the Andamans has secured the 8th position in the world in TripAdvisor's 'World's Travellers' Choice Award-Winning Beaches'
  7. Retired IAS officer Khursheed A Ganai was appointed as the Chief Information Commissioner (CIC) of Jammu and Kashmir on 27 February 2017. His appointment will take effect from the date he assumes charge of the post.
  8. Ace pistol shooter Jitu Rai staged a remarkable comeback to clinch the bronze medal in the 10m air pistol event for India’s fourth podium finish in the ongoing ISSF World Cup here today.
  9. Indian national cricket team captain, Virat Kohli was named the ‘Captain of the Year’ at the 10th annual ESPN cricinfo awards.
  10. National Science Day was observed across India on 28 February 2017. The year’s theme for the day is "Science and Technology for Specially Abled Persons”.




Financial and Banking News:

RBI sets up Meena Hemchandra panel to review cyber threats


  • The Reserve Bank today announced setting up of the inter—disciplinary standing committee on cyber security to review the threats inherent in the existing and emerging technology.
  • The 11—member committee will also study adoption of various security standards and protocols, interface with stakeholders and suggest appropriate policy interventions to strengthen cyber security and resilience, the central bank said.
  • Going forward, the committee headed by Meena Hemchandra, Executive Director, RBI, can co—opt more experts and also operate through a framework of sub—committees to examine specific issues, it said.
  • Based on the recommendations of the Expert Panel on Cyber Security and Information Technology Examination, the RBI had issued guidelines to banks in June last year mandating cyber security preparedness to tackle cyber risks.
  • The Statement on Developmental and Regulatory Policies, issued along with the sixth bi—monthly monetary policy statement on February 8, 2017, had proposed constitution of an inter—disciplinary standing committee on cyber security.


RJio joins hands with Cisco to build largest all-IP services platform


  • Reliance Jio has announced a collaboration with networking giant Cisco to further expand Jio existing multi-terabit capacity with the first All-IP converged network in India.
  • With this network, Jio will offer a combination of high-speed data, mobile video, VoLTE, digital commerce, media, cloud and payment services, Cisco said in a statement.
  • It is the first network of its kind globally with the fastest growth of 100 million broadband and VoLTE customers, reaching the milestone within six months of launch.
  • A result of co-innovation around product and services between the two companies, the Jio All-IP digital platform is built on Cisco's Open Network Architecture and Cloud Scale Networking technologies featuring IP/MPLS, spanning areas, including data centre, Wi-Fi, security and contact centre solutions.
  • Jio has more than 300,000 km of fibre and built India's largest cloud data centre to build platforms for applications and vertical solutions.
  • Cisco is building the simplified, automated and virtualised network platform of the future on industry-leading software, systems, silicon and services.


BSNL to sign MoU with Nokia on 5G, IoT applications


  • The Bharat Sanchar Nigam Ltd (BSNL) will sign a memorandum of understanding (MoU) with Nokia at MWC 2017 today. According to a report by PTI, the MoU is in the areas of 5G and the Internet of Things (IoT) applications. It entails strategic cooperation for smoother evolution and transition from 4G to 5G. It also involves join 5G demonstration, IoT applications, and more.
  • The pact also involves collaborative workshops to define a phased strategy for network evolution and transformation and the implications on business, technology and operations, he further added. The MOU will be signed at the Mobile World Congress and it entails strategic cooperation for smooth network evolution and transition from 4G to 5G, including joint 5G demonstration.


Indian Railways launches New Catering Policy 2017

  • Railways Minister Suresh Prabhakar Prabhu on 27 February 2017 launched New Catering Policy 2017 of the Indian Railways.
  • This new Catering Policy will delink food production and food distribution. Food will be cooked anywhere in the kitchens of IRCTC in a hygienic manner using mechanized system. While, food will be distributed using professionals from the hospitality industry.

Highlights of the New Catering Policy 2017 in Mobile Units and Base Kitchens
  • IRCTC will manage catering service on all mobile units including catering services on all the trains started on short notice.
  • Pantry car contracts awarded by zonal railways will also be reassigned to IRCTC.
  • Meals for all mobile units will be picked up from the nominated kitchens that are owned operated and managed by IRCTC.
  • All four Base Kitchens under departmental operation of Zonal Railways and all kitchen units will be handed over to IRCTC on ‘as is where is basis’. 
  • Kitchen structures/ land/space will be handed over by Zonal Railways to IRCTC for a period of 10 years which can be extendable for another period of 5 years.
  • IRCTC will develop the Business model for the kitchens so that they can expand and enhance the service.
  • IRCTC will determine the menu of standard meals and A-la-carte items.
  • IRCTC may also involve Self Help groups for providing catering related services.

Highlights of the New Catering Policy 2017 in Static Units
  • Zonal Railways will manage the static units except base kitchens and kitchen units to be handed over to IRCTC.
  • IRCTC will be responsible for catering services in static units like food plazas, food courts and fast food units.
  • Allotment of all minor catering units at all category of stations will be done through open tender.
  • Allotment of Milk Stalls at all stations will be done through open tender system as against calling application.
  • Tenure of all static units (except kitchen units and food plaza) will be 5 years only. 
  • 33 per cent sub quota for women in allotment of each category of minor catering units at all category of stations has also been provided.


Non-financial news related to India and states:

Railways Ministry inaugurates Antyodaya Express and Humsafar Express


  • Railways Minister Suresh Prabhakar Prabhu on 27 February 2017 flagged off the first Antyodaya clan of trains and the fourth Humsafar clan of trains through video conferencing.
  • Sri Ganganagar - Tiruchirappalli Humsafar Express will pass through Krishnarajapuram, Pune and Ahmedabad. While, Ernakulam - Howrah Antyodaya Express will cross Salem, Katpadi and Visakhapatnam.

About Humsafar Express
  • This fourth Humsafar Express will cross the entire country from North to South.
  • Humsafar train is a fully Air Conditioned 3 AC service having facilities like GPS based Passenger Information System and Passenger announcement System.
  • It also features fire and smoke detection and suppression system, CCTVs, comfortable seats, mobile and laptop charging points, integrated Braille display, Fire retardant curtains, etc.
  • It will have stoppages at 35 stations including Hanumangarh, Bikaner, Jodhpur, Abu Road, Ahmedabad, Vadodara, Surat, Lonavala, Pune, Belgaum, Hubballi, Birur, Arsikere, Krishnrajapuram and Bangerpet.
  • It's primary maintenance will be held at Sri Ganganagar (NWR).
  • Till date, 3 Humsafar Express trains have been introduced on Indian Railways.

About Antyodaya Express
  • Antyodaya Express is a long-distance and fully unreserved superfast train service for the common man to be operated on dense routes.
  • It will have facilities like  Cushioned luggage racks which can serve as seats.
  • It also features J-Hook near longitudinal luggage racks, multiple unit cables at both ends of the coach, potable drinking water dispenser, mobile charging points, fire extinguisher with anti-theft lock, modular toilets, LED lights, anti-graffiti coating for exterior painting, etc.
  • Covering one way distance of 2307 km, Antyodaya Express will have stoppages at 23 stations including Kharagpur, Cuttack, Bhubaneswar, Palasa, Srikakulam Road, Vizianagaram, Vijaywada, Ongole, Renigunta, Katpadi, Jolarpettai, Salem, Erode, Coimbatore and Thrisur.

It's primary maintenance will be held at Santragachi on RBPC (SER).

Civil Aviation Minister inaugurated India’s first Integrated Heliport

  • India’s Civil Aviation Minister, Ashok Gajapathi Raju inaugurated the country’s first integrated heliport at Rohini in North Delhi on 28 February 2017.
  • The minister dedicated the heliport to the nation. The new facility is expected to push India’s aviation sector to new heights.
  • The heliport has been developed by Pawan Hans, a state-owned helicopter service company.
  • It is spread over a large area amounting to more than 25 acres with an investment of about Rs 100 Cr.
  • It consists of a terminal building with a capacity of about 150 passengers, 4 hangars with the parking capacity of around 16 helicopters and nine parking bays.
  • It also has a maintenance, repair, and overhaul (MRO) facility for the maintenance and repair of the Pawan Hans fleet as well as for third party repair work.


Andaman’s Radhanagar beach featured in top 10 beaches of World


  • TripAdvisor, an American travel website, in February 2017 ranked Radhanagar beach of the Andaman and Nicobar Islands among top 10 beaches in the world. The beach on the Havelock Island in the Andamans has secured the 8th position in the world in TripAdvisor's 'World's Travellers' Choice Award-Winning Beaches'
  • In addition, the Radhanagar beach has notched the top position in TripAdvisor's list of the top spot in Asia.
  • TripAdvisor has honoured 343 beaches, including the top 25 in the world. Winners were determined based on the quantity and quality of traveller reviews and ratings for beaches on TripAdvisor, gathered over a 12-month period.
  • The Baia do Sancho Fernando de Noronha in Brazil topped the list and was followed by Grace Bay Providenciales in Turks and Caicos, Eagle Beach in Aruba.


Appointments:

Khursheed A Ganai appointed as the Chief Information Commissioner of Jammu and Kashmir


  • Retired IAS officer Khursheed A Ganai was appointed as the Chief Information Commissioner (CIC) of Jammu and Kashmir on 27 February 2017. His appointment will take effect from the date he assumes charge of the post.
  • Ganai’s appointment to the post was approved by the State Governor NN Vohra in the exercise of the powers vested in him under Section 12(3) of the Jammu and Kashmir Right to Information Act, 2009 (Act No. VIII of 2009). His name was recommended to the governor on 21 February 2017 by a selection panel headed by the Chief Minister Mehbooba Mufti. Other members of the panel were former Chief Minister Omar Abdullah and Deputy Chief Minister Dr Nirmal Singh.
  • Ganai succeeds GR Sufi, who retired as CIC of the state on 29 February 2016. The state’s information commission had been non-functional since November 2016 after the retirement of its two information commissioners. The two Information Commissioner were Dr SK Sharma and Nazir Ahmed and they retired from the office in October 2015 and November 2016, respectively.


Kabir Bedi appointed as Brand Ambassador of Sightsavers


  • Noted film actor Kabir Bedi was on 27 February 2017 appointed as the Brand Ambassador of Sightsavers, a global organisation working to prevent avoidable blindness.
  • Kabir Bedi is known in the United Kingdom for his role as villainous henchman Gobinda in 1983 James Bond movie ‘Octopussy'.
  • On the occasion, six blind girls from Madhya Pradesh, who won medals in the 5th National Blind and Deaf Judo Competition in January 2017, were felicitated by Kabir Bedi and and SY Quraishi, Chairman of the India chapter of the Sightsavers and former Chief Election Commissioner of India.


Sanjay Menon appointed Managing Director of Sapient India

  • Sapient on 28 February 2017 appointed Sanjay Menon as the Managing Director (MD) of its India operations.
  • Menon will take over the new role from Rajdeep Endow. However, Menon will continue to serve as Global Head of Service Lines for SapientRazorfish.
  • Menon will drive the strategy, capability development and growth of Sapient's India presence. He will also maintain its status as hub of the company's globally distributed delivery network.


Neil Gaiman appointed UNHCR Goodwill Ambassador


  • The United Nations High Commissioner for Refugees (UNHCR) in the third week of February 2017 appointed Neil Gaiman as a global Goodwill Ambassador. 
  • Gaiman is an internationally acclaimed author. He had been working closely with UNHCR since 2013.
  • Neil Gaiman is an English author of short fiction, novels, comic books, graphic novels, audio theatre and films.
  • He is noted for the comic book series The Sandman and novels Stardust, American Gods, Coraline, and The Graveyard Book.
  • He is the first author to win both the Newbery and the Carnegie medals for the same work, The Graveyard Book.


Sports:

Jitu Rai wins bronze in shooting World Cup


  • Ace pistol shooter Jitu Rai staged a remarkable comeback to clinch the bronze medal in the 10m air pistol event for India’s fourth podium finish in the ongoing ISSF World Cup here today.
  • The 29—year—old shot a total of 216.7 in the eight—man final to finish third on the podium.
  • The Asian Games and World Championships silver—medallist was languishing at the seventh position after the end of the first competition series that included an 8.8.
  • But he clawed his way back with two 10.6 and a 10 in the second competition series. At the end of that series, Rai was placed sixth with a total of 98.7.
  • He managed to maintain the status quo even as the final entered the elimination stage at the Dr Karni Singh Shooting Range. He shot two 10s in the following shots to continue his gradual ascent.
  • The Army man roared back to contention with a couple of 10.6 and ensured a bronze with a 9.9, finishing ahead of China’s Zhanyi Xu (197.9).


Kohli named captain of the year at ESPNcricinfo awards

  • Indian national cricket team captain, Virat Kohli was named the ‘Captain of the Year’ at the 10th annual ESPN cricinfo awards.
  • The winners were decided by an independent jury comprising some of the world renowned former cricketers including Ian Chappell, Aakash Chopra, Mahela Jayawardene, Iain O'Brien, Courtney Walsh, Ramiz Raja and the Editor-in-chief, Assistant editor and senior correspondents of ESPNcricinfo.
  • While Kohli won the esteemed title for his impressive tally of leading India to nine wins from a total of 12 tests, England’s Ben Stokes won the title of ‘Test Batting Performance of the Year’ for his incredible innings of 258 runs off 198 balls against South Africa in Cape Town.
  • Another English player, Stuart Broad was honoured with the ‘Test Bowling Performance of the Year’ award for the second year in a row for taking 6 wickets and giving away just 17 runs in England’s third test against South Africa in Johannesburg.


Days:

National Science Day observed on 28 February

  • National Science Day was observed across India on 28 February 2017. The year’s theme for the day is "Science and Technology for Specially Abled Persons”.
  • The day is observed to mark the discovery of the Raman Effect ( a phenomenon of scattering of photons) by Indian physicist Sir Chandrasekhara Venkata Raman on 28 February 1928.
  • For his path-breaking discovery, CV Raman was knighted in 1929 and awarded the Nobel Prize in 1930. This was the first Nobel Prize won by an Indian or any Asian in the field of Science.
  • The second objective behind celebrating 28 February as the National Science Day is to spread a message about science and its importance in the daily life of the people.


Obituaries:

Former Union Minister P. Shiv Shankar passes away

  • Former Union Minister P. Shiv Shankar passed away on 27 February 2017 after a prolonged illness. He was 87.
  • In his political career spanning over three decades, P. Shiv Shankar served as External Affairs and Human Resource Development Minister.


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