Current Affairs Update – 27-28 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 27 and 28 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 - 27-28 April, 2017
  1. Payments app Paytm on 27 April 2017 launched ‘Digital Gold’ on its platform to allow customers to buy and sell gold through electronic platform.
  2. Union Minister for Urban Development, Housing & Urban Poverty Alleviation M Venkaiah Naidu on 27 April 2017 launched Micro and Small Enterprises Facilitation Council (MSEFC) portal and MyMSME Mobile App.
  3. The government of Pondicherry announced on 27 April 2017 that the farmers in the Union Territory will be getting free power supply from this month for pump sets used for irrigation purpose.
  4. NITI Aayog, the think tank of the Union Government, on 26 April 2017 came up with a vision document 2031-32 that envisages a new India. The document envisages an India where every Indian will have houses with toilets, two-wheelers or cars, air-conditioners, power and digital connectivity in next 15 years, that is, by 2032.
  5. The Reserve Bank of India (RBI) on 26 April 2017 issued draft guidelines on cross border merger transactions in accordance with the rules notified by Union Ministry of Corporate Affairs through Companies (Compromises, Arrangements and Amalgamation) Amendment Rules, 2017.
  6. Prime Minister Narendra Modi on 27 April 2017 launched air regional connectivity scheme UDAN (Ude Desh ka Har Nagarik) during his day-long visit to Shimla. Under the scheme, the first UDAN flight was flagged off on Shimla-Delhi route.
  7. Uma Bharti, the Union Minister for Water Resources, River Development and Ganga Rejuvenation launched 'Jal Sanrakshan Karyakram- Bundelkhand’, an extensive water conservation programme on 28 April 2017 at Bandri, Sagar in Madhya Pradesh.
  8. Bollywood actor Shah Rukh Khan on 27 April 2017 became the first Indian actor to deliver TED speech in Vancouver, Canada.
  9. Sankha Ghosh, eminent Bengali poet and literary critic was honoured with the 52nd Jnanpith Award on 27 April 2017 by President Pranab Mukherjee in New Delhi.
  10. Bhubaneswar, the capital city of Odisha, on 27 April 2017 was selected for the Pierre L'Enfant Planning Excellence and Achievement Awards-2017. The city was selected for the award for good and advanced town planning and engaging its residents in the planning process. With this, Bhubaneswar became India’s first city to be awarded the prestigious award instituted by the American Planning Association (APA).
  11. India’s Srishti Kaur on 26 April 2017 was crowned Miss Teen Universe 2017. The event was held at the Ruben Dario National Theatre in Managua, Nicaragua.
  12. The United Nations Educational, Scientific and Cultural Organization (UNESCO) will screen short film ‘Azaad’ as a part of the World Press Freedom Day celebrations.
  13. El Salvador in April 2017 became the first country in the world to ban metal mining. The El Salvador unicameral legislature passed the ban with support from a sweeping coalition.
  14. World Immunization Week 2017 is being observed across the globe between 24 April and 30 April 2017. The theme for the 2017 World Immunization Week is ‘VaccinesWork.’
  15. The World Day for Safety and Health at Work 2017 was observed across the world on 28 April 2017 with the theme 'Optimize the collection and use of OSH data'.
  16. Veteran actor Vinod Khanna passed away on 27 April 2017 in Mumbai, Maharashtra.



Financial and Banking News –

Paytm launches Digital Gold; Consumers now buy gold on Paytm


  • Payments app Paytm on 27 April 2017 launched ‘Digital Gold’ on its platform to allow customers to buy and sell gold through electronic platform.
  • This first wealth management product was launched in partnership with gold refiner MMTC-PAMP. It offers a real-time international pricing mechanism for the customers.
  • Using Paytm mobile wallets, consumers can purchase 24K 999.9 purity gold online and store it in MMTC—PAMP’s secure vaults free of charge.
  • Customers can buy and sell gold either by money (starting Re 1) or by weight (starting 0.1 gram).
  • Customers can even request for their gold to be delivered at their homes in the form of minted coins.
  • Moreover, if the consumer wants to sell the gold, MMTC-PAMP will buy the gold back from them and the money will be transferred to the user’s bank account.
  • They can pay via multiple payment modes such as Paytm wallet, debit/credit cards, net banking and others.
  • Consumers transacting over Rs 20000 through Paytm, need to provide KYC details to avail the benefit of the gold scheme.

Union Government launches MSEFC Portal and MyMSME Mobile App


  • Union Minister for Urban Development, Housing & Urban Poverty Alleviation M Venkaiah Naidu on 27 April 2017 launched Micro and Small Enterprises Facilitation Council (MSEFC) portal and MyMSME Mobile App.
  • Both the portals were launched as a part of Digital India Initiative from the perspective of the MSME Sector in the country.
Highlights of the MSEFC Portal

  • Micro and Small Enterprises Facilitation Council (MSEFC) portal will facilitate implementation of delayed payment provisions of the MSMED Act 2006 and also assist in monitoring delayed payment cases.
  • With the access to this platform, micro and small enterprises will be able to file their delayed payment related grievances online.

Highlights of the MyMSME mobile app

  • MyMSME mobile app provides information on all schemes implemented by the Ministry of MSME at one place which will do away with the practice of searching multiple windows for help or information.
  • With the help of app, Ministry of MSME will be providing one single window to MSMEs to access information on all schemes implemented by the Ministry and as well as apply for any of them.

Puducherry farmers to get free power


  • The government of Pondicherry announced on 27 April 2017 that the farmers in the Union Territory will be getting free power supply from this month for pump sets used for irrigation purpose.
  • The same was confirmed by the Department of Agriculture through a notification wherein it stated that the introduction of free power supply was in line with the assurance given by the Agriculture Minister during the previous fiscal year’s budget session (2016- 2017).
  • The move has, however, been adopted in the current fiscal year, which is 2017-2018.
  • The council of Ministers had approved the proposal for the free supply of electricity to small and other classes of farmers in the Union Territory.
  • While around 960 farmers fall in the small farmer category that would benefit from the scheme, almost 5911 farmers come under the others category.
  • Overall, the scheme is expected to benefit around 7000 farmers.
  • The cost expected to be incurred by the government on the implementation of the scheme is estimated to be around Rs 1.95 Cr in the current fiscal year.



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NITI Aayog's vision: Houses, vehicles, ACs for all by 2032


  • NITI Aayog, the think tank of the Union Government, on 26 April 2017 came up with a vision document 2031-32 that envisages a new India. The document envisages an India where every Indian will have houses with toilets, two-wheelers or cars, air-conditioners, power and digital connectivity in next 15 years, that is, by 2032.
  • The glimpse of the Vision 2031-32 was presented by NITI Aayog’s Vice-Chairperson Arvind Panagariya at the body’s governing council chaired by Prime Minister Narendra Modi. The India 2031-32: Vision, Strategy and Action Agenda also visualises a fully literate society with universal access to health care.
  • It talks about an India with modern and larger network of railways, roads, air connectivity and waterways. It talks about a clean India where every citizen will have an access to quality water and air.
  • It says that the per capita income would go up by three fold to Rs 3.14 lakh in 2031-32 from Rs 1.06 lakh in 2015-16.
  • It also talks about India where the gross domestic product or whose economy would rise from Rs 137 lakh crore level in 2015-16 to Rs 469 lakh crore in 2031-32.
  • It also increases the central and state expenditure from Rs 38 lakh crore in 2015-16 to Rs 130 lakh crore in 2031-32, which is a rise of Rs 92 lakh crore.

RBI issues draft guidelines for Cross Border Mergers & Acquisitions


  • The Reserve Bank of India (RBI) on 26 April 2017 issued draft guidelines on cross border merger transactions in accordance with the rules notified by Union Ministry of Corporate Affairs through Companies (Compromises, Arrangements and Amalgamation) Amendment Rules, 2017.
  • RBI proposed these Regulations under the Foreign Exchange Management Act, 1999 (FEMA).
Highlights of the draft guidelines for Mergers & Acquisition

  • The draft regulations will be known as 'Foreign Exchange Management (Cross Border Merger) Regulations'.
  • These guidelines are aimed at addressing the issues that may arise when an Indian company and a foreign company enter into scheme of merger, demerger, amalgamation, or rearrangement.
  • These Regulations stipulate conditions that should be adhered to by the companies involved in the Scheme.
  • The regulation makes reporting of any cross-border activity mandatory within 180 days from the date of sanction.

PM Narendra Modi launches UDAN scheme, flags off first UDAN flight on Shimla-Delhi route


  • Prime Minister Narendra Modi on 27 April 2017 launched air regional connectivity scheme UDAN (Ude Desh ka Har Nagarik) during his day-long visit to Shimla. Under the scheme, the first UDAN flight was flagged off on Shimla-Delhi route.
  • Simultaneously, PM Narendra Modi also launched the inaugural UDAN flights on Kadapa – Hyderabad and Nanded - Hyderabad routes.
  • Prior to the launch of this UDAN flight, Kingfisher was the only airline that operated regular flights between Delhi and Shimla till September 2012.
Highlights of the UDAN flight on Delhi -Shimla route

  • This UDAN flight will be a regular flight, which will operate five days in a week.
  • The flight will depart at 6.10 a.m. from Delhi and will arrive Shimla at 7.25 a.m. On the same day itself, the flight will depart at 7.45 a.m. from Shimla and will return to Delhi at 8.45 a.m.
  • The airfare for this 1-hour journey of around 500 km or the airfare for 30 minute journey on a helicopter will be capped at Rs 2500.
Highlights of the UDAN Scheme

  • The UDAN Scheme is a key component of the National Civil Aviation Policy (NCAP) which was launched in June 2016.
  • UDAN is a first-of-its-kind scheme which aims to stimulate regional connectivity through a market-based mechanism.
  • Under the scheme, 24 airports in the western region, 17 in the northern region, 11 in the southern region, 12 in east and six in north-eastern parts of the country will be connected under this scheme.
  • The government will also connect 45 unserved and under-served airports with the scheme.

News related to India and states –

Uma Bharti has launched Water Conservation Programme for Bundelkhand


  • Uma Bharti, the Union Minister for Water Resources, River Development and Ganga Rejuvenation launched 'Jal Sanrakshan Karyakram- Bundelkhand’, an extensive water conservation programme on 28 April 2017 at Bandri, Sagar in Madhya Pradesh.
  • The program aims to focus on the drought-prone areas of Bundelkhand, Kalahandi, Bolangir, Marathwada and Koraput in Odisha.
  • The minister had revealed earlier while making the announcement in New Delhi that her Ministry has prepared a master plan for the artificial discharge of ground water in the Bundelkhand region.
  • The Water Resources Ministry has identified around 1100 percolation tanks, 14000 small check dams or Nala bunds and 7200 Recharge pits/shafts in Bundelkhand.
  • It has also proposed the construction of 234 wells in five districts of Bundelkhand in UP including Hamirpur, Jalaun, Banda, Mahoba and Chitrakoot and 259 wells in six districts of Bundelkhand in MP, as a part of ground water exploration.

Indian Cultural centre holds seminar to strengthen ties with Egypt


  • The Maulana Azad Centre for Indian Culture (MACIC) in Egypt organised a seminar titled 'Cultural Festivals - Bridge between India and Egypt" on 26 April 2017 to strengthen the bilateral relations between the two nations.
  • The seminar is a part of the cultural centre’s monthly seminar series that involve culture lovers, academicians, youth and the civil society and encourage them to discuss issues of bilateral interest.
  • Speaking on the occasion, India’s ambassador to Egypt, Sanjay Bhattacharya stated that the culture of any country plays an important role in deepening the bilateral relations between two countries.


India notifies conformity to UN resolution of imposing sanctions on North Korea


  • India on 26 April 2017 notified the compliance of the United Nations (UN) resolution of imposing sanctions on North Korea.
  • The sanctions include prevention of direct or indirect supply, sale, transfer or export of all weaponry and related material through its territories or by its nationals to North Korea.
  • The resolution bans supply, sale or export of other items, materials, equipment, goods and technology which could contribute to nuclear- related, ballistic missile-related or other weapons of mass destruction-related programmes of North Korea.
  • Moreover, the resolution also prohibits the sale of luxury goods including jewellery, gems, yachts and luxury automobiles like racing cars that could directly contribute to the development of North Korea's operational capabilities of its armed forces.

India successfully test-fires Agni-III ballistic missile


  • India on 27 April 2017 successfully test-fired 3000 kilometre range Agni-III ballistic missile from Abdul Kalam Island off Odisha coast. The test was aimed at re-establishing the operational effectiveness of the weapon system.
  • The test was carried by the Strategic Forces Command with logistics support from Defence Research Development Organisation (DRDO).
  • Agni-III’s first user successful trial was carried out on 21 September 2012.

Awards & Honors –

Shah Rukh Khan becomes first Indian actor to deliver Ted Talk


  • Bollywood actor Shah Rukh Khan on 27 April 2017 became the first Indian actor to deliver TED speech in Vancouver, Canada.
  • He spoke out on various issues beginning from his stardom to the changes world has experienced with the introduction of the internet. He left the audience in splits with his witty one-liners.
  • Moreover, Shah Rukh Khan also partnered with TED to host the Hindi version of the famous talk show.
  • A successful actor, businessman and a philanthropist, Khan is also a brilliant speaker. Shah Rukh has also delivered some motivational and inspirational speeches earlier when he was conferred with honorary doctorate from the University of Edinburg and Hyderabad's Maulana Azad National Urdu University.


President conferred Jnanpith Award to poet Sankha Ghosh


  • Sankha Ghosh, eminent Bengali poet and literary critic was honoured with the 52nd Jnanpith Award on 27 April 2017 by President Pranab Mukherjee in New Delhi.
  • Speaking on the occasion, the President stated that the professor, who is a recipient of Sahitya Akademi award and the Padma Bhushan, is the most deserving recipient of this award.
  • Pranab Mukherjee further stated that Ghosh’s literary works reflect a rare poetic style that encompasses not only a lyrical style but also a deep reflection of the social milieu. It often takes on the superficiality in the society and is almost akin to candid commentary on contemporary issues.
  • The President also expressed his full trust in Ghosh as a teacher of reputation and stated that the poet would have undoubtedly had a positive influence on the minds of his students, just as he enriched the minds of his readers.

Bhubaneswar becomes 1st Indian city to win Pierre L'Enfant Awards-2017


  • Bhubaneswar, the capital city of Odisha, on 27 April 2017 was selected for the Pierre L'Enfant Planning Excellence and Achievement Awards-2017. The city was selected for the award for good and advanced town planning and engaging its residents in the planning process.
  • With this, Bhubaneswar became India’s first city to be awarded the prestigious award instituted by the American Planning Association (APA).
  • Bhubaneswar will receive the APA award along with other four awardees on 8 May 2017. The awards will be conferred at an awards luncheon at the association’s National Planning Conference in New York.

Srishti Kaur crowned Miss Teen Universe 2017


  • ndia’s Srishti Kaur on 26 April 2017 was crowned Miss Teen Universe 2017. The event was held at the Ruben Dario National Theatre in Managua, Nicaragua.
  • Kaur, who studies in London College of Fashion, succeeds Nieveles Gonzalez from Puerto Rico.
  • Kaur emerged victorious among 25 other contestants from around the world in the annual beauty pageant.
  • Canada’s Samantha Pierre and Ary Trava from Mexico were the runners-up in the event.
  • Kaur, a resident of Noida, won the prize for best national costume. Xirelle Agustin from the Philippines won in the Teen Popularity category, while Costa Rican Nicole Obando won the award for Teen Charm.

World –

UNESCO to screen this Indian short film during World Press Freedom Day celebrations


  • The United Nations Educational, Scientific and Cultural Organization (UNESCO) will screen short film ‘Azaad’ as a part of the World Press Freedom Day celebrations.
  • The event, which will celebrate the principle of freedom of press, will take place in Jakarta from 1 May -4 May 2017. The event will be co-organised by the UNESCO, the Government of Indonesia, and the Press Council of Indonesia.
  • The theme for the 2017 World Press Freedom Day is “Critical Minds for Critical Times: Media’s role in advancing peaceful, just and inclusive societies“.

El Salvador becomes first country to ban metals mining


  • El Salvador in April 2017 became the first country in the world to ban metal mining. The El Salvador unicameral legislature passed the ban with support from a sweeping coalition. The law was favoured by nearly 80 percent of the El Salvadorian population.
  • The law bans "prospection, exploration, exploitation, extraction or processing of metallic minerals in El Salvador."
  • The law entered into force after being signed by President Salvador Sanchez Ceren.
  • The Pacific Rim Mining Corporation proposed plans for a mine named El Dorado to be built in the basin of the Rio Lempa–El Salvador’s primary source of drinking water.

UAE's first solar-powered gas station opens in Dubai


  • The Emirates National Oil Company (ENOC) on 26 April 2017 opened United Arab Emirates’ first solar-powered gas station.
  • The ENOC states that the country’s first solar-powered gas station signifies country’s increased focus on maintaining the highest standards of sustainability and clean energy.
  • The station goes in line with the great strides made by the Emirate of Dubai to turn itself into a hub for renewable energy as part of the Dubai 2020 Vision. The Vision plans make the emirate the smartest and the most sustainable in the world.

Days –


World Immunization Week 2017 observed with theme #VaccinesWork


  • World Immunization Week 2017 is being observed across the globe between 24 April and 30 April 2017.
  • The theme for the 2017 World Immunization Week is ‘VaccinesWork.’ The theme aims to raise awareness about the critical importance of full immunization throughout life, and its role in achieving the 2030 Sustainable Development Goals.
  • Highlight the importance of immunization as a top global health investment priority.
  • Promote understanding of the action steps required to achieve the Global Vaccine Action Plan.
  • Showcase immunization’s role in sustainable development and global health security.
  • The year 2017 marks the halfway point in the Global Vaccine Action Plan (GVAP). The GVAP was endorsed by 194 Member States of the World Health Assembly in May 2012. The GVAP aims to prevent millions of deaths from vaccine-preventable diseases by 2020 through universal access to immunization.

World Day for Safety and Health at Work observed globally


  • The World Day for Safety and Health at Work 2017 was observed across the world on 28 April 2017 with the theme 'Optimize the collection and use of OSH data'.
  • This year, ILO’s campaign focuses on the critical need for countries to improve their capacity to collect and utilize reliable occupational safety and health (OSH) data.
  • Every day, 6300 people die as a result of occupational accidents or work-related diseases which means that there are more than 2.3 million deaths per year.
  • 317 million accidents occur on the job annually; many of these result in the extended absences from work.

Appointments –

Haryana Government appoints BS Sandhu as state’s DGP


  • The Haryana government on 27 April 2017 appointed senior IPS officer Baljit Singh Sandhu as the new Director General of Haryana Police. The 1984 batch IPS officer would be replacing K P Singh, who has been appointed as the Director General of Prisons.
  • This major reshuffle is being seen as an effort by the Manohar Lal Khattar-led BJP government to pacify a section of their party’s dissident MLAs and to put a fresh face in front of the public. It’s a long-standing issue among a section of the ruling party MLAs that the state and district level officers do not spare time to address their problems.

Obituaries –

Veteran actor Vinod Khanna passes away


  • Veteran actor Vinod Khanna passed away on 27 April 2017 in Mumbai, Maharashtra. He was 70.
  • Khanna was reportedly battling with cancer for years.
  • He is best remembered for his performance in films like Mere Apne, Mera Gaon Mera Desh, Gaddaar, Jail Yatra, Kuchhe Dhaage, Amar Akbar Anthony, Rajput, Qurbani, Dayavan, and others.
  • He was popularly hailed as one of the most handsome lead actors ever in Bollywood, along with Dharmendra, Rajesh Khanna and Shammi Kapoor.
  • He made his debut in Bollywood in the year 1968. He first acted in small second lead roles or negative roles.

Tamil actor Vinu Chakravarthy passes away


  • Veteran Tamil actor and scriptwriter Vinu Chakravarthy passed away on 28 April 2017 following a prolonged illness in Chennai. He was 71. He is survived by his wife, son and a daughter.
  • He was well known for his unique villainous roles and trade mark pauses in dialogue delivery. Chakravarthy has acted in over 1000 Tamil, Telugu, Kannada, Badaga and Malayalam languages films.

Jonathan Demme, Oscar-winning director of The Silence of the Lambs, dies

  • Jonathan Demme, the Oscar-winning director of The Silence of the Lambs, passed away on 26 April 2017. He was 73.
  • The cause of Demme's death is said to be esophegal cancer.
  • He started his career into feature film working with film producer Roger Corman, co-writing and producing Angels Hard as They Come and The Hot Box.
  • He then moved on to directing three films for Corman's studio New World Pictures.








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