Current Affairs Update – 11 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 11 April, 2017. These are important for the upcoming SBI PO mains, BOB Manipal 2017, NICL AO 2017 and NIACL Assistant 2017.


Current Affairs at a Glance - 11 April, 2017
  1. In its efforts to promote digital financial transactions, the Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in tie-up with YES Bank.
  2. The government will soon launch an umbrella programme ‘SAMPADA’ for food processing sector with Rs. 6,000 crore outlay to integrate current and new schemes aimed at reducing food wastage and doubling farmers’ income.
  3. India and Georgia on 11 April 2017 signed a Joint Statement on the launching of the Joint Feasibility Study on the bilateral Free Trade Agreement.
  4. Finnish mobile giant Nokia on 10 April 2017 signed Memorandum of Understanding (MoU) with Airtel and BSNL to work on 5G technology and connected devices in India.
  5. India’s largest online retailer Flipkart on 10 April 2017 raised a total fund of USD 1.4 billion from China’s Tencent, US-based e-commerce firm eBay and software maker Microsoft. Moreover, it also acquired eBay’s Indian operations in a move to build a ‘mahagathbandhan’ of global tech giants to counter Amazon.
  6. The Union Ministry of Rural Development released Rs 23443.09 Cr to the states on 10 April 2017, as the first budgetary instalment for the financial year 2017-18 under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
  7. The G20 Digital Ministerial Meeting on Digital Economy concluded on 7 April 2017 in Dusseldorf, Germany. The meeting was attended by the G20 Ministers in charge of digitalization, including the Union Minister for Electronics and Information Technology and Law and Justice Ravi Shankar Prasad.
  8. India's first ever micro-drama festival, named Thespis, was held on 9 April 2017 in New Delhi.
  9. The Union Minister for Science & Technology and Earth Sciences, Harsh Vardhan launched a new web portal called ‘nakshe’ in New Delhi on 10 April 2017. The launch commemorates the 250th anniversary of Survey of India (SoI).
  10. A two day National Convention on World Homoeopathy Day was on 10 April 2017 successfully concluded in New Delhi. The theme of the convention was 'Enhancing Quality of Research in Homoeopathy'.
  11. Venkaiah Naidu, Union Minister for Information and Broadcasting, on 10 April 2017 released a book titled Gandhi in Champaran at National Mahatma Gandhi Museum in New Delhi. The book is authored by noted writer Dinanath Gopal Tendulkar.






Financial and Banking News –

Manappuram Finance to launch co-branded prepaid card with YES Bank


  • In its efforts to promote digital financial transactions, the Kerala-based NBFC Manappuram Finance will launch its own co-branded prepaid card in tie-up with YES Bank.
  • The 'Manappuram YES Bank Prepaid Money Card' can be pre-loaded up to a maximum amount of Rs. 50,000 and then be used to withdraw money from all ATMs. As the card works on the popular MasterCard and RuPay networks, it can also be used for online transactions and at merchant establishments with PoS terminals.
  • The company will issue the prepaid cards to its entire base of 20 lakh customers and link their existing gold loan accounts to the card. This will enable them to withdraw money from ATMs across India. Moreover, customers can also withdraw money from any of the 3,300 branches of Manappuram Finance, a feature unique to this card.
  • The card can be reloaded directly at all Manappuram branches and can also be purchased by non-customers by furnishing their mobile number and KYC document as prescribed by the RBI.

Govt to launch Rs. 6000-cr ‘SAMPADA’ scheme for food processing


  • The government will soon launch an umbrella programme ‘SAMPADA’ for food processing sector with Rs. 6,000 crore outlay to integrate current and new schemes aimed at reducing food wastage and doubling farmers’ income.
  • Announcing this, Food Processing Minister Harsimrat Kaur Badal said her ministry would soon approach the Cabinet for the approval of ‘Scheme for Agro-Marine Produce Processing and Development of Agro-Processing Clusters (SAMPADA).’
  • To create infrastructure for improving the entire food supply chain, three schemes— ‘Creation/ Expansion of Food Processing and Preservation Capacities’, ‘New Agro-Processing Clusters’ and ‘Backward and Forward Linkages’ are on anvil.
  • Badal said the government is taking steps to boost food processing sector as part of its objective to bring down post harvest losses preferably to zero level, provide quality food to consumers at cheaper price and for doubling of farmers’ income.
  • The Centre has so far sanctioned 42 mega food parks and 234 cold chain projects with 139 lakh tonnes of preserving and processing capacity of agro-produce worth Rs. 35,000 crore.
  • The post-harvest losses is estimated at Rs. 92,000 crore annually, she said, adding that these food parks and cold chains would help in cutting this wastage.
  • These projects, being set up with a total investment of about Rs. 15,000 crore, will also generate employment for 3.5 lakh persons and benefit 15 lakh farmers.
  • Elaborating on proposed SAMPADA scheme, Special Secretary in the ministry Jagdish Prasad Meena said the Rs. 6,000-crore programme will be implemented by 2019-20 fiscal.

India, Georgia signed Joint Statement on Free Trade Agreement


  • India and Georgia on 11 April 2017 signed a Joint Statement on the launching of the Joint Feasibility Study on the bilateral Free Trade Agreement.
  • The agreement was signed after a meeting between the Minister of Economy and Sustainable Development of Georgia GiorgiGakharia and the Union Minister of Commerce and Industry Nirmala Sitharaman in New Delhi.
  • On this occasion, both the ministers expressed the hope that the Joint Feasibility Study Group shall issue a report with the relevant analysis and recommendations within a period of six months.

Nokia partners with Airtel and BSNL to bring 5G Services in India


  • Finnish mobile giant Nokia on 10 April 2017 signed Memorandum of Understanding (MoU) with Airtel and BSNL to work on 5G technology and connected devices in India.
  • The MoU signed among the three involve introduction of 5G services in India, as well as infrastructure development that would be required to set it up.
  • Nokia and Airtel will together look at network evolution to 5G, exploring operations, cost-effectiveness, quality and reliability.
  • Nokia will work with BSNL by offering new products that plug into 5G technology as proof-of-concept demonstrations for the Indian market.
  • The MoU will help BSNL to draw a framework for transition from the current network to a futuristic 5G network.
  • In addition to this, Nokia is setting up a 5G experience zone in Bengaluru in order to assess the requirements of the technology.

Flipkart acquires eBay India business to fight Amazon


  • India’s largest online retailer Flipkart on 10 April 2017 raised a total fund of USD 1.4 billion from China’s Tencent, US-based e-commerce firm eBay and software maker Microsoft.
  • Moreover, it also acquired eBay’s Indian operations in a move to build a ‘mahagathbandhan’ of global tech giants to counter Amazon.
  • This new funding round valued Flipkart at  USD 11.6 billion now. This is about 24 per cent lower than the USD 15.2 billion valuation it got in 2015 based on the funds it raised at that time.
  • Tencent will be a strategic investor for the company, bringing experience in linking social networking and e-commerce. Tencent will lend significant expertise to Flipkart as it seeks to bolster its leadership position in India’s e-commerce market.

Union Ministry releases Rs. 23,443 Cr to the states for development activities


  • The Union Ministry of Rural Development released Rs 23443.09 Cr to the states on 10 April 2017, as the first budgetary instalment for the financial year 2017-18 under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
  • The released amount also includes all the pending dues as on 31 March 2017. The money was released to ensure there is no delay in the work towards water conservation.
  • This time under the MGNREGS scheme, the government is laying special focus on water conservation and water management works.
  • The Rural Development ministry has also advised all the states to see that water conservation efforts are made wherever required with proper technical and scientific scrutiny.
  • The ministry in collaboration with the Ministry of Water Resources has also developed a set of guidelines for Mission Water Conservation that has already been shared with the states.
  • Along with this, a list of 2264 water-stressed Blocks has been prepared with the help of the Water Resources ministry.
  • These blocks are located in 324 districts spread across 21 states of the country.
  • Further, the ministry has advised the states to ensure that at least 65% per cent of the allocated amount is spent on Natural Resource Management (NRM) activities with top most priority accorded to water conservation works, especially in the regions that are drought prone and receive inadequate rainfall.
  • There are 155 kinds of work permissible under MGNREGS, among which almost 100 are NRM related.



Advertisement







World News –

G20 Digital Ministerial Meeting on Digital Economy held in Germany


  • The G20 Digital Ministerial Meeting on Digital Economy concluded on 7 April 2017 in Dusseldorf, Germany. The meeting was attended by the G20 Ministers in charge of digitalization, including the Union Minister for Electronics and Information Technology and Law and Justice Ravi Shankar Prasad.
  • Primarily, Ravi Shankar Prasad shared India’s experience in carrying out digital India initiatives with other digital economies.
  • He stressed that India supports better international cooperation in cyber security to fight against growing cybercrime and cyber terrorism.
  • He said that India is also of the view that multi stakeholder model is the best option for the spread of digitalization.

News related to India and states –

India's first ever micro-drama festival held in Delhi


  • India's first ever micro-drama festival, named Thespis, was held on 9 April 2017 in New Delhi.
  • The longest play of the festival ran for not more than 10 minutes and the shortest one lasted for only 42 seconds.
  • The day-long event saw screening of 28 independent plays at the Indira Gandhi National Centre for the Art.
  • Named after Thespis of Icaria, the festival was organised by theatre group 'Vriksh'.
  • The inaugural play of the festival was titled Chamaeleonidae. The act showed a chameleon shedding his skin after getting disgusted by the hypocritical nature of humans.

Union Minister launches ‘nakshe’ portal to celebrate Survey of India’s 250 Anniversary


  • The Union Minister for Science & Technology and Earth Sciences, Harsh Vardhan launched a new web portal called ‘nakshe’ in New Delhi on 10 April 2017. The launch commemorates the 250th anniversary of Survey of India (SoI).
  • The event saw in attendance Y.S. Chowdary, the Minister of State for Science & Technology and Earth Sciences, Swarna Subba Rao, the Surveyor General of India and other top scientists and professionals from the Geospatial Industry.
  • The portal will offer Topographic maps or Open Series Maps (OSM) for free download in a pdf format through Aaadhar enabled user authentication process.
  • The move is in line with the Indian government’s Digital India programme.
  • Topographic maps or Open Series Maps (OSM) comprise natural and man-made geographical features including terrain or topography.

Two day Convention on World Homoeopathy Day concludes in India


  • A two day National Convention on World Homoeopathy Day was on 10 April 2017 successfully concluded in New Delhi. The theme of the convention was 'Enhancing Quality of Research in Homoeopathy'.
  • As per the Ministry of AYUSH, the objective of this convention is to deliberate on the existing scenario of Homeopathy in India and other countries and develop strategies for formulating national policies.
  • The convention was organised by Central Council for Research in Homeopathy (CCRH), an autonomous research organization of Ministry of AYUSH. The event was organised to commemorate the 262nd birth anniversary of the founder of Homoeopathy Christian Friedrich Samuel Hahnemann on the occasion of World Homoeopathy Day 2017.

Awards & Honors –

National Hindi Sevi Samman Awards for the year 2015 announced


  • N.K. Pandey, Director of the Central Hindi Institute, on 10 April 2017 announced the names of 26 writers from different categories for the prestigious Hindi Sevi Samman Awards for the year 2015.
  • The Hindi Sevi Samman Awards were instituted by Central Hindi Institute, Agra in 1989. 

Colson Whitehead's “Underground Railroad” wins Pulitzer


  • 2017 Pulitzer Prizes were announced on 10 April 2017 by Pulitzer Prize Administrator Mike Pride in at Columbia University in New York. The announcement marks the 101st year of prizes.
  • The awards were announced in 21 categories and they include Letters, Drama & Music and Journalism.
  • The novel titled The Underground Railroad authored by Colson Whitehead won the Pulitzer Prize in the fiction segment. In 2016, the novel had received the National Book Award of the US. This is for the first time in more than 20 years that the same work won the Pulitzer and National Book Award for fiction.

Books & Authors –

Gandhi in Champaran, authored by DG Tendulkar, launched


  • Venkaiah Naidu, Union Minister for Information and Broadcasting, on 10 April 2017 released a book titled Gandhi in Champaran at National Mahatma Gandhi Museum in New Delhi.
  • The book was launched on the day that marks the 100th year of Champaran Satyagraha.
  • The book is authored by noted writer Dinanath Gopal Tendulkar. The book is printed by Publications Division.

Click to Download PDF





Sponsored




Regards



Team ExamPundit
bankersadda current affairs, sbi po exam, ibps po exam, current affairs for ibps, ibps po, ibps po 2017, ibps exam, gradeup, oliveboard, gk update, daily current affairs for ibps po exam, bankexam news, banking gk, gk 2017

0 comments