Current Affairs Update – 13 April, 2017 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs

Recent

Home Top Ad

Thursday, April 13, 2017

Current Affairs Update – 13 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 12 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 - 13 April, 2017
  1. The Reserve Bank of India (RBI) on Thursday tweaked rules that trigger regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios. The changes are under the so-called Prompt Corrective Action framework unveiled in 2002, which sets thresholds that when breached trigger supervisory action from the RBI, including a restriction on dividend distribution.
  2. The World Bank has approved a $375 million loan to India’s first waterway project. The National Waterway 1 project is to create a water transport fairway on a 1,360-km stretch of the Ganga river between Varanasi and Haldia.
  3. The Cabinet Committee on Economic Affairs (CCEA) on 12 April 2017 approved the listing of 11 Central Public Sector Enterprises (CPSEs) on stock exchanges.
  4. The Union Cabinet on 12 April 2017 approved the implementation of Supreme Court’s Judgment dated 27 October 2015 regarding the implementation of Target Plus Scheme (TPS) under Foreign Trade Policy (FTP) 2004-09.
  5. State-owned fuel retailers, namely Indian Oil Corp. (IOC), Hindustan Petroleum Corp. Ltd. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL), have planned to launch a pilot scheme under which the fuel prices will be revised on a daily basis. The rates will be decided in sync with the international rates, a practice of several advanced markets. The five cities where the pilot scheme will be launched are Visakhapatnam and Puducherry, Jamshedpur, Udaipur and Chandigarh.
  6. The Union Cabinet was on 12 April 2017 apprised of the Memorandum of Understanding (MoU) between India and Russia for cooperation in the field of Science and Technology (S&T). The MoU was signed in October 2016.
  7. The Union Government in the second week of April 2017 set up an Inter-Ministerial Monitoring-cum-Coordination Committee to monitor the regional air connectivity scheme UDAN (Ude Desh Ka Aam Naagrik) scheme.
  8. The Union Cabinet on 12 April 2017 gave its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh.
  9. India and U.K. have decided to collaborate in developing new items of Defence technology like gas turbine engines and air defence missile systems.
  10. Karnataka Government on 12 April 2017 announced to launch Awareness Campaign against H1N1 in high incidence districts of Bengaluru, Mysore and Chitradurga.
  11. The Committee, constituted to prepare draft Ganga Act, submitted its report to the Union Ministry of Water Resources, River Development and Ganga Rejuvenation on 12 April 2017. The Chairman of the committee is Justice Girdhar Malviya (Retd), who is associated with Ganga conservation movement.
  12. Priyanka Chopra appointed as jury member of 16th edition of Tribeca Film Festival.
  13. Achim Steiner was named as the new administrator of the United Nations Development Programme (UNDP) by the UN chief Antonio Guterres.
  14. Youngest Nobel Peace laureate Malala Yousafzai on 12 April 2017 became the sixth person to receive honorary Canadian citizenship.
  15. Russia vetoed a United Nations Security Council (UNSC) resolution on 12 April 2017 that condemned the use of chemical weapons in the rebel-held Syrian town, Khan Sheikhoun and demanded a speedy investigation into the details of the attack.
  16. M Veerappa Moily, senior Congress leader and former Chief Minister of Karnataka released a book tracing the life of Draupadi on 7 April 2017.  The book was released by the President of India, Pranab Mukherjee at the Rashtrapati Bhavan.





Financial and Banking News –

RBI revises rules for regulatory action on banks

  • The Reserve Bank of India (RBI) on Thursday tweaked rules that trigger regulatory action against lenders who overshoot the limit on bad loans or fail to comply with capital ratios.
  • The changes are under the so-called Prompt Corrective Action framework unveiled in 2002, which sets thresholds that when breached trigger supervisory action from the RBI, including a restriction on dividend distribution.
  • In extreme cases, the framework provides the RBI with powers to force mergers or even wind up the non-compliant lender.
  • Regulatory action will be taken if a bank's capital-to-risk-assets ratio falls below 7.75 per cent, RBI said in a statement on Thursday.
  • If the ratio falls below 3.625 per cent, the bank could be a candidate for a merger or may even be wound up, the regulator added.
  • It was not immediately possible to draw a direct comparison between the new limits and the existing ones.
  • Meanwhile, on bad loan ratios, the central bank said the first threshold will be triggered if a bank's net non-performing assets ratio crosses 6 per cent.
  • A net bad loan ratio of more than 12 per cent will invite the extreme action of winding up or merger, it added.

World Bank approves $375-mn loan for India’s first waterway project

  • The World Bank has approved a $375 million loan to India’s first waterway project. The National Waterway 1 project is to create a water transport fairway on a 1,360-km stretch of the Ganga river between Varanasi and Haldia.
  • “NW1 passes through one of India’s most densely populated areas, and a sizeable 40 per cent of the country’s traded goods either originate from this resource-rich region or are destined for its teeming markets. While the region generates about 370 million tonnes of freight annually, only about 5 million tonnes currently travels by water,” says World Bank in a press release.
  • The project will help build the infrastructure needed to develop water transportation in the area. It will finance the construction of six multi-modal terminals, 10 RORO jetties, ship-repair facilities as well as passenger jetties along the river. It will also help modernise the ageing Farakka lock and add a new lock to allow for smoother passage of boats. The project will also help the Inland Waterways Authority of India acquire a state-of-the-art River Information System as well as navigation aids to make travel on the river safer and more reliable.
  • On the environmental implications of the project, the World Bank stresses that the project does not involve any abstraction or storage of water, nor will the navigation services planned affect the flow of the river. Furthermore, IWAI has decided to accept the currently available natural depths of the river – ranging from 3 metres in the lower stretches to 2 metres further upstream – for its proposed navigation channel, thus minimising the need for dredging.

CCEA approves listing of 11 CPSEs on stock exchanges

  • The Cabinet Committee on Economic Affairs (CCEA) on 12 April 2017 approved the listing of 11 Central Public Sector Enterprises (CPSEs) on stock exchanges.
The CPSEs are:
1. Rail Vikas Nigam Limited (RVNL)
2. IRCON International Limited
3. Indian Railway Finance Corporation (IRFC) Ltd.
4. Indian Railway Catering and Tourism Corporation (IRCTC) Ltd.
5. RITES Ltd.
6. Bharat Dynamics Limited (BDL)
7. Garden Reach Shipbuilders & Engineers (GRSE) Ltd.
8. Mazagon Dock Shipbuilders Limited (MDSL)
9. North Eastern Electric Power Corporation (NEEPCO) Ltd.
10. MSTC Ltd.
11. Mishra Dhatu Nigam Ltd. (MIDHANI)

  • These 11 CPSEs will be listed through public offer of shares up to 25 per cent of Union Government's shareholding, which may include offer of fresh shares for raising of resources from market.
  • The actual disinvestment in respect of each CPSE along with the mode of raising resources will be delegated for decision on a case to case basis to the Alternative Mechanism which will be headed by the Union Finance Minister.
  • With a view to ensure wider participation by small investors in the CPSEs’ disinvestment program, a price discount of up to 5 per cent on the issue price will be provided for the retail investors and eligible employees of 11 CPSEs .
  • The CCEA has also approved reservation of shares for the eligible employees of 11 CPSEs in accordance with the extant provisions of SEBI Regulations.

Union Cabinet approves implementation of Target Plus Scheme under Foreign Trade Policy 2004-09


  • The Union Cabinet on 12 April 2017 approved the implementation of Supreme Court’s Judgment dated 27 October 2015 regarding the implementation of Target Plus Scheme (TPS) under Foreign Trade Policy (FTP) 2004-09.
  • As per the Supreme Court's Judgment, the revenue implication under the TPS is about Rs 2700 crore. The claims which were denied as a result of retrospective notification will be now settled as per direction of the Supreme Court.
  • The Target Plus Scheme (TPS) 2005-06 was already implemented partially.
  • Benefit will be extended throughout the country as per provisions of the TPS Scheme under Foreign Trade Policy 2004-09.
  • The guidelines and modalities for processing the claims will be worked out by the DGFT HQs in consultation with Department of Revenue.
  • The claims will be settled within one year from now.

Petrol, diesel prices to be fixed daily in five cities


  • State-owned fuel retailers, namely Indian Oil Corp. (IOC), Hindustan Petroleum Corp. Ltd. (HPCL) and Bharat Petroleum Corp. Ltd. (BPCL), have planned to launch a pilot scheme under which the fuel prices will be revised on a daily basis. The rates will be decided in sync with the international rates, a practice of several advanced markets.
  • Reports suggest that initially the scheme will be launched in 5 Indian cities from 1 May 2017 (a defined final date was not declared but sources said that the pilot will be effective from 1 May) and will be gradually extended across India.
  • At present, the rates of the fuel are revised on the 1st and 16th of every month in accordance with the average international price in the preceding fortnight and the currency exchange rate.
  • The five cities where the pilot scheme will be launched are Visakhapatnam and Puducherry in Andhra Pradesh, Jamshedpur in Jharkhand, Udaipur in Rajasthan and Chandigarh.
  • IOC, HPCL and BPCL own over 95 per cent (nearly 58000) fuel outlets in the country.

Union Cabinet apprised of MoU between India and Russia for cooperation in Science & Technology


  • The Union Cabinet was on 12 April 2017 apprised of the Memorandum of Understanding (MoU) between India and Russia for cooperation in the field of Science and Technology (S&T). The MoU was signed in October 2016.
  • The MoU is aimed at facilitating and supporting the joint scientific and research activities between scientific organizations that are subordinated to the Agency and scientific organizations and scientists of the Republic of Russian Federation.
  • Exchange of information about conducted conferences, forums, exhibitions, seminars that are of mutual interest.
  • Support and provision of conditions for the formation of scientific projects that are aimed at the conduct of joint research.
  • Conduct of joint scientific events (seminars, conferences, round tables) that are aimed at establishing direct connections between scientists of the two countries in the fields determined by the countries.

Union Government sets up inter-ministerial panel to monitor UDAN


  • The Union Government in the second week of April 2017 set up an Inter-Ministerial Monitoring-cum-Coordination Committee to monitor the regional air connectivity scheme UDAN (Ude Desh Ka Aam Naagrik) scheme.
  • The scheme seeks to make flying affordable by connecting unserved and under-served airports.
  • The panel would be responsible for coordination among stakeholders, including state governments, for "time-bound" implementation of the scheme.
  • It will also monitor the schemes of promotion of regional connectivity by way of revival of unserved and under-served airports/airstrips and RCS-UDAN.
  • The Inter-Ministerial Monitoring-cum-Coordination Committee will be chaired by Civil Aviation Secretary.
  • The Committee would have representations from the ministries of finance, defence, home as well as petroleum and natural gas.


Union Cabinet approves signing of Framework of Understanding for hydrocarbon cooperation with Bangladesh


  • The Union Cabinet, presided by Prime Minister Narendra Modi, on 12 April 2017 approved signing of Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh.
  • The proposed Framework of Understanding aims to establish a cooperative institutional framework mechanism to facilitate and enhance India-Bangladesh bilateral cooperation in the hydrocarbon sector on the basis of equality and mutual benefit.

Union Cabinet approves setting up of Indian Institute of Petroleum and Energy at Visakhapatnam


  • The Union Cabinet on 12 April 2017 gave its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh.
  • The institute will be set up as "an Institute of National Importance" through an Act of Parliament.
  • The IIPE will have the governance structure as well as legal mandate to grant degrees in a manner similar to that enjoyed by IITs.
  • A separate Act will also impart the required status to the Institute to become a "Centre of Excellence" in petroleum and energy studies.
  • The Union Cabinet also approved Rs 655.46 crore as capital expenditure to set up IIPE and contribution of Rs 200 crore towards its Endowment Fund (in addition to a contribution of Rs 200 crore from Oil Companies towards the Endowment Fund).
  • As committed under the 13 Schedule of Andhra Pradesh Reorganization Act, 2014, it has been decided to set up this Institute.



Advertisement







News related to India and States –

India, UK to collaborate on developing new defence items


  • India and U.K. have decided to collaborate in developing new items of Defence technology like gas turbine engines and air defence missile systems.
  • "We agreed to extend our defence equipment cooperation on developing new technologies such as gas turbine engines and air defence missiles systems," UK Secretary of State for Defence Michael Fallon told during a select media briefing here on Thursday after the India-UK Defence Partnership talk.
  • Fallon met Defence Minister Arun Jaitley and National Security Advisor Ajit Doval on Thursday during his four-day visit here that began on April 11.
  • Fallon said UK is keenly watching and willing to share its experience on building aircraft carriers, a task that the Indian Navy has also undertaken.

Karnataka launches campaign against H1N1


  • Karnataka Government on 12 April 2017 announced to launch Awareness Campaign against H1N1 in high incidence districts of Bengaluru, Mysore and Chitradurga.
  • In Bruhat Bangalore Mahanagara Palike (BBMP) limits, so far 766 positive cases of influenza A H1N1 have been reported along with the two deaths.
  • As per the campaign, throat swab will be taken by doctor if swine flu is suspected.
  • Within 24 hours, test report will be given free of cost.
  • Tamiflu tablets will be given free at all the government hospitals and primary health centers.
  • On the similar lines, free Homeopathy doses will be given to help build immunity.

Telangana Government to increase quota for Muslims, STs in the state


  • The Telangana Government on 12 April 2017 decided to increase the reservations quota for the socially and economically backward Muslim population and the Scheduled tribes in the state.
  • The decision was taken on the basis of a report presented by the State’s Backward Classes Commission, which recommended a hike in the reservation for the classes.
  • Presently, while the Muslim population who are referred to as BC-E in the state enjoy 4 per cent reservation, the STs enjoy 7.5 per cent reservation.
  • The exact raise in the percentage of the quota of both the groups would be decided by the cabinet at its next meeting, which is scheduled to be held on 15 April 2017.
  • Increasing the reservation quota of the BC-E and STs was one of the promises made by the ruling Telangana Rastra Samithi party during its election campaign.
  • The decision would be backed by a legislation in the name of Telangana State Reservation Act that will be introduced at a special session of the state’s assembly on 16 April 2017.

Justice Malviya Committee submits its report on draft Ganga Act


  • The Committee, constituted to prepare draft Ganga Act, submitted its report to the Union Ministry of Water Resources, River Development and Ganga Rejuvenation on 12 April 2017. The Chairman of the committee is Justice Girdhar Malviya (Retd), who is associated with Ganga conservation movement.
  • The committee recognized the enormous challenges being faced to maintain the wholesomeness of National River Ganga that was perpetuated due to over stressed water demand from agricultural, domestic and industrial sectors.

Appointments –

Priyanka Chopra appointed as jury member of 16th edition of Tribeca Film Festival


  • Filmmaker Amy Berg, actors Zachary Quinto and Willem Dafoe, and TV producer Sheila Nevins among others will also be on the jury, it was announced on Wednesday, reports hollywoodreporter.com.
  • Priyanka, who became a popular name in Hollywood through her lead role in TV series Quantico, will look after the 2017 Documentary and Student Visionary Competitions alongside Olivia Thirlby, Ryan Eggold, Brendan Fraser and Ileen Gallagher.
  • The winners of each category will be announced at the Tribeca Film Festival Awards ceremony on 27 April at BMCC Tribeca Performing Arts Center.
  • The festival, from 19-30 April, will be hosted by Michael Rapaport.

UN chief Guterres names Achim Steiner as new administrator of UNDP


  • Achim Steiner was named as the new administrator of the United Nations Development Programme (UNDP) by the UN chief Antonio Guterres.
  • Steiner, a German with extensive experience at the world organization, will succeed Helen Clark, a former New Zealand prime minister. Letter by Guterres dated 12 April 2017 said, Clark has steered the UNDP since 2009.
  • Steiner was chosen for the post over several other candidates including the French Environment Minister Segolene Royal. Reports suggest that the result of selection has surprised Royal because Guterres had promised a woman would take the job at UNDP. She said that Germany would have used its weight as a major UNDP donor to have Steiner chosen for the job.

Awards & Honors –

President Pranab Mukherjee confers Padma awards to eminent personalities


  • President Pranab Mukherjee on 13 April 2017 conferred the Padma awards to 44 people. The awards were conferred at a Civil Investiture Ceremony held at Rashtrapati Bhavan.
  • Padma Vibhushan was conferred on three personalities including eminent Singer Yesudas, spiritual leader Sadhguru Jaggi Vasudev were given Padma Vibhushan award.
  • The award ceremony was held in the presence of Prime Minister Narendra Modi, Lok Sabha Speaker Sumitra Mahajan and Home Minister Rajnath Singh along with other dignitaries.

Malala 6th person to receive honorary Canadian citizenship


  • Youngest Nobel Peace laureate Malala Yousafzai on 12 April 2017 became the sixth person to receive honorary Canadian citizenship.
  • Malala, 19, was bestowed with the title during an honorary citizenship ceremony held in Ottawa. The Pakistani activist was welcomed to the seat of Canada's democracy by Prime Minister Justin Trudeau. With this, she also became the youngest person to receive the honorary Canadian citizenship.
  • The privilege was previously granted to five others namely Nelson Mandela, the Dalai Lama, Myanmar's Aung San Suu Kyi, religious leader Karim Aga Khan IV and Swedish diplomat Raoul Wallenberg (posthumously).

World News –

Belle-II detector integrated with SuperKEKB accelerator


  • The High Energy Accelerator Research Organization (KEK) on 11 April 2017 successfully completed the "roll-in" of the Belle II detector.
  • The term "roll-in" refers to the operation of moving the entire Belle II detector system, following the completion of the assembly and integration of the various components, from its assembly area to the beam collision point.
  • The completion is an important milestone for the international Belle II collaboration and the SuperKEKB accelerator.

Russia vetoes UN resolution condemning Syria chemical attack

  • Russia vetoed a United Nations Security Council (UNSC) resolution on 12 April 2017 that condemned the use of chemical weapons in the rebel-held Syrian town, Khan Sheikhoun and demanded a speedy investigation into the details of the attack.
  • The resolution drafted by Britain, France and the United States aimed to bring Russia’s ally Syria on the negotiating table. The western countries believe that Bashar al-Assad-led Syrian government has a lot to do with the chemical attack, a claim that is rejected by both Moscow and Syria.


Books & Authors –

The Flaming Tresses of Draupadi, authored by M Veerappa Moily launched

  • M Veerappa Moily, senior Congress leader and former Chief Minister of Karnataka released a book tracing the life of Draupadi on 7 April 2017.  The book was released by the President of India, Pranab Mukherjee at the Rashtrapati Bhavan.
  • The book traces the whole life journey of the legendary Mythological character, right from her birth from the sacrificial fire to her marriage to the five Pandavas, to losing all the fortune and even honour to the Kauravas in the midst of a gambling game and finally the great war of Kurukshetra, which ends with the victory of the Pandavas.









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

No comments:

Post a Comment

>