Current Affairs Update – 15-17 April, 2017 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs

Recent

Home Top Ad

Monday, April 17, 2017

Current Affairs Update – 15-17 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 15, 16 and 17 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 - 15 to 17 April, 2017
  1. Wholesale price inflation eased to 5.7 per cent in March as the prices of fuel and manufactured items declined.
  2. Maharashtra Government on 16 April 2017 announced Advanced Farming – Enriched Farmer scheme. The scheme aims at increasing the income of farmers by cutting production cost and increase in output.
  3. Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender.
  4. Anil Ambani group firm Reliance Defence Limited (RDL) has entered into a strategic partnership with a leading South Korean defence major LIG Nex1 to jointly manufacture military hardware for India's armed forces.
  5. The Income Tax (IT) department on 14 April 2017 launched the second phase of 'Operation Clean Money' to detect black money post-demonetisation. Over 60000 individuals will be investigated in the second phase. The Central Board of Direct Taxes (CBDT), the policy-making body of the department, detected undisclosed income of over 9334 crore rupees between 9 November 2016 till 28 February 2017, that time of the Financial Year 2016-17 when old currency notes were banned by PM Narendra Modi.
  6. Anil Agarwal, an Indian billionaire, in the second week of April 2017 became the second largest shareholder (11.44 per cent) in a British mining group, Anglo American.
  7. The Indian Space Research Organisation (ISRO) is planning to enter into a joint venture with a conglomerate of industries to build launch vehicles.
  8. Railway Minister Suresh Prabhu on 16 April 2017 flagged-off first-ever train with glass roof coaches on Visakhapatnam-Araku route through video conferencing from Bhubaneswar. The see-through Vistadome coach on Visakhapatnam-Kirandul passenger train was launched with an aim to provide a delightful travelling experience of the picturesque Araku valley .
  9. The Indian Space Research Organisation (ISRO) will be launching its 'South Asia Satellite' on 5 May 2017. The launch aims to benefit all the countries in the region, except Pakistan.
  10. Pankaj Advani on 14 April 2017 defeated Sourav Kothari 6-3 to win the Asian Billiards Championship final held in Chandigarh.
  11. B Sai Praneeth on 16 April 2017 defeated Kidambi Srikanth 17-21, 21-17, 21-12 to clinch his maiden Super Series title in the Singapore Open final.





Financial and Banking News –

Wholesale inflation falls to 5.7% in March on easing fuel prices


  • Wholesale price inflation eased to 5.7 per cent in March as the prices of fuel and manufactured items declined.
  • WPI inflation was higher at 6.55 per cent in February. But it was in the negative zone at -0.45 per cent in March 2016.
  • “The build-up inflation rate in the financial year so far was 5.7 per cent compared to a build-up rate of -0.45 per cent in the corresponding period of the previous year,” said an official statement on Monday.
  • Headline inflation in the fuel and power group also eased to 18.16 per cent in March against 21.02 per cent in February. “However, the prices of LPG (2 per cent) and aviation turbine fuel (1 per cent) moved up,” said the release.
  • WPI inflation in the group manufactured products stood at 2.99 per cent in March versus 3.66 per cent in the previous month.
  • However, inflation in food articles rose marginally to 3.12 per cent in March compared with 2.69 per cent in February. This was primarily due to higher prices of fruits and vegetables and ragi (5 per cent each), bajra (2 per cent) and egg, fish-marine and rice (1 per cent each).

‘Advanced Farming – Enriched Farmer’ scheme announced in Maharashtra


  • Maharashtra Government on 16 April 2017 announced Advanced Farming – Enriched Farmer scheme. The scheme aims at increasing the income of farmers by cutting production cost and increase in output.
  • The scheme announced amidst demands for waiver of farm loan in the state, will be launched in the upcoming Kharif season.
Key facts of the Advanced Farming – Enriched Farmer’ scheme
Under the scheme, each tehsil of the state will be declared as a unit. These units will be used on planning for agri-development
Tasks to be undertaken under the scheme includes
a) Raising production of major crops (up to the level of its genetic yield potential)
b) Diversification of crops
c) Introduction of marketing techniques
d) Uniting farmers through farm producers’ companies
e) Making them (farmers) financially stable
In addition to it, the government will be spending 60 per cent more fund for mechanisation of farming on tractors, transplanters, power tillers, machines for polishing, grading and packing of the produce. The grant will be deposited in farmers’ bank accounts linked to Aadhar.

Axis Bank touches 1 million micro-borrowers mark


  • Axis Bank has touched 1 million micro-borrowers mark and is not keen on acquiring stake in any microlender.
  • Three years after getting into the segment, the bank hs touched 1 million borrowers mark recently and all of them are women who have availed themselves of credit through the joint lending group model, Axis Bank’s retail banking head Rajiv Anand told PTI.
  • Stating that the lending book stands at Rs. 1,100 crore now, he hinted that the bank will focus on expanding the business organically rather than buying into a microfinance company.
  • “As of now, we don’t believe there is any need for us to take on any equity stake in an MFI,” Anand said.
  • It can be noted that other lenders like Kotak Mahindra Bank and IDFC Bank have acquired stakes in MFIs, while IndusInd Bank is in talks with Bharat Financial (formerly SKS) for what can be one of the biggest acquisitions in the space.
  • As many as 90 per cent of Axis Bank’s borrowers have been tapped by the bank’s dedicated team of 1,600 people, while the rest have come from intermediaries, Anand said.
  • The average ticket size of its micro loans is Rs. 18,000 and there is a three-tier rate structure with interest ranging from 12 to 22 per cent, he said, asserting that this is a “profitable” business for the bank.
  • Axis Bank is present in 18 states with its microlending offerings and aims to reach 22 states by 2020.

Reliance Defence signs pact with S Korean firm to boost defence production


  • Anil Ambani group firm Reliance Defence Limited (RDL) has entered into a strategic partnership with a leading South Korean defence major to jointly manufacture military hardware for India's armed forces.
  • As part of the agreement between Reliance Infra promoted RDL and LIG Nex1, the two companies will explore opportunities for developing a range of defence products such as air defence and surveillance radar, sensors and missiles.
  • The cumulative value of projects being targeted by the two companies will be worth multi-billion dollars, an RDL official said without elaborating further.
  • Earlier this year, Anil Ambani had said that the defence sector will be the largest business area for his group in the next few years, considering opportunities worth Rs 1 lakh crore per annum in acquisitions for the armed forces.
  • LIG Nex1 is a leader in manufacture of smart heavy weapons in categories of anti-ship missiles, anti-tank-guided missiles (ATGM), and guided rockets.

I-T department launches 2nd phase of Operation Clean Money to probe 60000 people


  • The Income Tax (IT) department on 14 April 2017 launched the second phase of 'Operation Clean Money' to detect black money post-demonetisation. Over 60000 individuals will be investigated in the second phase.
  • The Central Board of Direct Taxes (CBDT), the policy-making body of the department, detected undisclosed income of over 9334 crore rupees between 9 November 2016 till 28 February 2017, that time of the Financial Year 2016-17 when old currency notes were banned by PM Narendra Modi.
  • The identification of undisclosed income was done through use of advanced data analytics, including integration of data sources, relationship clustering and fund tracking. The high risk categories identified include businesses claiming cash sales as the source of cash deposits and large cash deposits made by government employees.
  • As per CBDT, over 60000 people including 1300 high risk people were identified for investigation into claims of excessive cash sales during the demonetisation period.
  • More than 6000 transactions of high value property purchase and 6600 cases of outward remittances will be subjected to detailed investigations under the second phase.
  • All the cases where no response is received shall also be subjected to detailed enquiries.

Indian billionaire Anil Agarwal buys 11.4% of miner Anglo American


  • Anil Agarwal, an Indian billionaire, in the second week of April 2017 became the second largest shareholder (11.44 per cent) in a British mining group, Anglo American.
  • According to a notice posted on the London Stock Exchange, the Volcan Holdings investment company owned by Agarwal's family now owns 11.44% of the group's capital and voting rights following 11 April 2017 share purchase. The London Stock Exchange (LSE) notice said the transaction for a total of 160685162 shares took place.
  • It is now the second largest shareholder behind South Africa's Public Investment Corporation, which owns more than 13 per cent.
  • Agarwal's investment is believed to be worth 1.9 billion pounds (USD 2.4 billion, 2.2 billion euros).
  • The company's market capitalisation is around 16.4 billion pounds. Volcan also owns mining competitor Vedanta Resources, which specialises in zinc.



Advertisement






MoU signed between Indian Academy of Highway Engineers & University of New South Wales


  • A Memorandum of Understanding (MoU) was signed in April 2017 between the Indian Academy of Highway Engineers and the University of New South Wales.
  • The MoU was signed in line with the Union Ministry of Road Transport and Highway’s vision to influence and adopt global innovation into the transportation sector.
  • The MoU seeks to establish a Centre of Excellence in Smart Transportation in India.
  • The MoU was exchanged between the Director of IAHE V L Patankar and Vice Chancellor of UNSW Prof. Ian Jacobs in the presence of Simon Birmingham, Australian Minister for Education.

MoU between NSFDC & Development Commissioner (Handlooms) signed


  • A Memorandum of Understanding (MoU) was signed between the National Scheduled Castes Finance and Development Corporation (NSFDC) and the Development Commissioner (Handlooms) on 14 April 2017 in New Delhi.
  • The MoU was signed between the NSFDC under the Union Ministry of Social Justice and Empowerment and Development and Commissioner (Handlooms) under the Union Ministry of Textiles.
  • The objective of this MoU is to help Scheduled Caste weavers and their families by promoting the production and marketing of high value, quality handlooms products at Block level Cluster in various States like Gujarat, Maharashtra, Rajasthan and Odisha.
  • Under the cluster approach, new strategy for promoting production and marketing of high value, quality handloom products shall be adopted to ensure more earnings of the Scheduled Caste Handloom Weavers.
  • Under the MoU, both the signing parties shall popularize the schemes of DC (Handlooms) amongst the SC weavers through Awareness Programmes and advertisements in electronic/print media in SC weavers concentrated areas.

News related to India and States –

ISRO to enter into a joint venture with industries to build rockets


  • The Indian Space Research Organisation (ISRO) is planning to enter into a joint venture with a conglomerate of industries to build launch vehicles.
  • The same was confirmed by ISRO’s Chairman A S Kiran Kumar, who stated that the organisation is currently using a significant amount of things from the industry and that 80 per cent of their work in the case of building launch vehicles is done with the industry.
  • The space agency is planning to form a joint venture with industries to build a polar satellite launch vehicle (PSLV). The first launch of the vehicle is scheduled to take place between 2020 and 2021.
  • The organisation is currently undergoing the process of establishing the mechanism for the venture and getting the necessary approvals.

Railways Ministry launches first-ever train with glass roof coaches on Visakhapatnam-Araku route


  • Railway Minister Suresh Prabhu on 16 April 2017 flagged-off first-ever train with glass roof coaches on Visakhapatnam-Araku route through video conferencing from Bhubaneswar.
  • The see-through Vistadome coach on Visakhapatnam-Kirandul passenger train was launched with an aim to provide a delightful travelling experience of the picturesque Araku valley .
  • This specially-designed Vistadome air-conditioned coach is claimed to be a first-of-its-kind on Indian Railways.
  • It has large glass windows and an observation lounge that offer passengers a panoramic view of the sites along the 128-km rail route from Visakhapatnam to Araku valley hill station.
  • A unique feature of this Rs 3.38 crore 40-seat coach is the double-wide reclining passenger seats that can be rotated 360 degrees for a better sightseeing experience.

ISRO announces launch of South Asia Satellite on 5 May; Pakistan’s name dropped


  • The Indian Space Research Organisation (ISRO) will be launching its 'South Asia Satellite' on 5 May 2017. The launch aims to benefit all the countries in the region, except Pakistan.
  • The news on the agency’s plan to launch South Asia Satellite was confirmed by ISRO chief AS Kiran Kumar during his telephonic interview with PTI. He informed that it’s going up in the first week of May 2017.
  • But reports suggest (on basis of ISRO sources) that the launch of this communication satellite (GSAT-9) is scheduled for 5 May 2017. It will be launched on board the space agency's rocket GSLV-09 from Sriharikota spaceport.


Sports –

Pankaj Advani defeats Sourav Kothari to win Asian Billiards Championship


  • Pankaj Advani on 14 April 2017 defeated Sourav Kothari 6-3 to win the Asian Billiards Championship final held in Chandigarh.
  • It is Advani’s seventh Asian title.
  • He has achieved a hat-trick of hat-tricks in English billiards, holding the World, Asian, and Indian National Championship titles simultaneously, in three different years: 2005, 2008 and 2012.
  • In 2012, he became a snooker professional.
  • He won the 2014 IBSF World 6-Red Snooker Championship, on his debut in that discipline.
  • He is the only player ever to win world titles in both the long and short formats of snooker (15-red standard, and 6-red) and both formats of English billiards (time and point).

Sai Praneeth clinches 2017 Singapore Open Super Series


  • B Sai Praneeth on 16 April 2017 defeated Kidambi Srikanth 17-21, 21-17, 21-12 to clinch his maiden Super Series title in the Singapore Open final.
  • It was Praneeth's first appearance in a Super Series final, the biggest events of the international badminton calendar.
  • Before Praneeth, Saina Nehwal, P.V. Sindhu and Srikanth have won the coveted crown.

Obituaries –

Internet pioneer Robert Taylor passes away


  • Robert Taylor, a pioneer of Modern Computing and the Internet, passed away on 13 April 2017 following Parkinson's disease. He was 85.
  • Taylor was instrumental in the creation of the internet and modern computer.
  • Taylor’s engineering team was responsible for the development of Ethernet and a word processing program Microsoft Word.
  • In 1961, Taylor was a project manager for NASA when he directed funding to Douglas Engelbart at the Stanford Research Institute, who helped develop the modern computer mouse.
  • While working for the Pentagon's Advanced Research Projects Agency (ARPA) in 1966, Taylor marshalled the creation of single computer network ARPANET.



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

No comments:

Post a Comment

>