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Monday, April 10, 2017

Current Affairs Update – 8-10 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 8, 9 and 10 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 – 8-10 April, 2017 - Tap to show
  1. India and Australia on Monday signed six memorandums of understanding (MoUs), including on cooperation in fighting international terrorism and on civil aviation security, following delegation-level bilateral talks headed by Prime Minister Narendra Modi and his Australian counterpart Malcolm Turnbull here.
  2. ESAF Small Finance Bank has launched a social deposit scheme called Hrudaya Deposit at a function held in Thrissur.
  3. The Digital wallet company Paytm in April 2017 announced the launch of new feature QR code on its Paytm Mall application. This QR code will allow consumers to place online orders at physical stores.
  4. India and Bangladesh on 8 April 2017 signed 22 agreements to boost the bilateral cooperation between the two countries. The signed agreements include Defence Cooperation Framework and Peaceful Uses of Outer Space.
  5. Mukta Dutta Tomar was on 7 April 2017 appointed as India's Ambassador to Federal Republic of Germany. She is expected to take up the assignment shortly.
  6. Indian-origin Anuja Ravindra Dhir on 9 April 2017 became the first non-white judge of the Old Bailey Court of London. She is also the youngest circuit judge currently to sit at the court.
  7. The Travel and Tourism Competitiveness Index (TTCI) 2017 was released on 5 April 2017 by the World Economic Forum (WEF). India was ranked 40th among the 136 economies across the world in the Index. The position of India has improved over 52nd rank in 2015 and 65th in 2013.
  8. The new BJP-led government in Manipur state has decided to hold People’s Day on the 15th of every month.
  9. Sir Tim Berners-Lee in the first week of in April 2017 was honoured with the 2016 ACM A M Turing Award. He is best known as the inventor of the World Wide Web.
  10. The youngest Nobel Peace Prize winner, Malala Yousafzai will be appointed as the youngest United Nations Messenger of Peace on 10 April 2017.





Financial and Banking News –

India, Australia ink 6 pacts at bilateral talks; to boost counter-terrorism


  • India and Australia on Monday signed six memorandums of understanding (MoUs), including on cooperation in fighting international terrorism and on civil aviation security, following delegation-level bilateral talks headed by Prime Minister Narendra Modi and his Australian counterpart Malcolm Turnbull here.
  • One MoU was signed on cooperation in fighting international terrorism and organised crime.
  • A second MoU was signed on promotion and development of cooperation in civil aviation security.
  • A third MoU was signed on cooperation in the field of environment, climate and wildlife.
  • Another MoU was signed on cooperation in the field of sports.
  • The Indian Space Research Organisation (ISRO) signed an MoU with Geoscience Australia on implementation arrangement on cooperation in earth observation and satellite navigation.
  • A sixth MoU was signed on cooperation in the field of health and medicine.
  • Following the exchange of agreements, Modi and Turnbull via video-conferencing jointly inaugurated the TERI-Deakin Nanobiotechology Centre (TDNBC) at TERI's Green Campus in Gurugram, Haryana.
  • The Australian Prime Minister arrived here on Sunday on a four-day state visit to India.
  • This is Turnbull's first bilateral visit to India since he assumed office in September 2015.
  • His predecessor Tony Abbott had visited India in September 2014 and this was followed by Prime Minister Modi's visit to Australia in November that year.

ESAF Small Finance Bank launches social deposit scheme Hrudaya Deposit


  • ESAF Small Finance Bank has launched a social deposit scheme called Hrudaya Deposit at a function held in Thrissur.
  • The deposit scheme, as the name suggests, stands for a social cause, through which, ESAF Bank provides the customers an opportunity to be a part in social welfare projects, which none of the other banks has given so far, said K. Paul Thomas, Managing Director and CEO, ESAF Small Finance Bank.
  • The significance of the scheme is that a customer who deposit in it, becomes a part in nation building, as their deposits are used for the welfare and infrastructure development of the marginalized sections of the society, he said.
  • An individual or a legal entity can join the Hrudaya Deposit Scheme with a minimum deposit amount of ₹15 lakh and for a minimum period of two years. An account can be opened through internet banking or by calling the Relationship Manager. The compound interest will be given in every quarter as per the present rates. The customer will also have the opportunity to gain first hand experience of how their money is used to improve the lives of the ordinary people in the country.

Paytm Mall launches QR code feature

  • The Digital wallet company Paytm in April 2017 announced the launch of new feature QR code on its Paytm Mall application. This QR code will allow consumers to place online orders at physical stores.
  • With this launch, Paytm becomes the first company to invest in QR code-based payment solution. The company in a statement said that the move is aimed at smartphone users of non-metros cities who still do not shop online.
  • The first product to be marketed or sold via this feature of Paytm Mall is handsets of Samsung. Later, the company will bring all FMCG and consumer product firms on the board for the same purpose.
  • It will be beneficial for the partner retailers and merchants by enabling them to earn additional revenue in form of commission while eliminating the need for keeping the inventory.
  • As per reports, the seller will be able to earn a percentage margin on each purchase that is made by scanning the Paytm QR code. This margin will be based on the product and may vary from 3 per cent to 20 per cent.

India and Bangladesh signed 22 agreements including defence and cyber security

  • India and Bangladesh on 8 April 2017 signed 22 agreements to boost the bilateral cooperation between the two countries. The signed agreements include Defence Cooperation Framework and Peaceful Uses of Outer Space.
  • The agreements were inked after delegation level talks were held between the two nations in the Hyderabad House, New Delhi. The delegation level talks were held during Bangladeshi Prime Minister Sheikh Hasina’s four-day visit to India. She was in India from 7 April to 10 April 2017. She was in India from 7 April to 10 April 2017.
List of 22 agreements/MoUs exchanged during the State Visit of Prime Minister of Bangladesh to India

  1. MoU for Enhancing Cooperation in the Field of Strategic and operational studies
  2. MoU for enhancing cooperation in the field of national security, development and strategic studies
  3. Arrangement for the Exchange of Technical Information and Co-operation in the Regulation of Nuclear Safety and Radiation Protection
  4. Inter-Agency agreement on cooperation regarding Nuclear Power Plant Projects in Bangladesh
  5. MoU on Co-operation in the field of Information Technology and Electronics
  6. MoU on cooperation in the area of Cyber Security
  7. MoU on establishing Border Haats across the border between India and Bangladesh
  8. MoU concerning cooperation on aids to navigation
  9. MoU on Mutual Scientific Cooperation in the field of Earth Sciences for Research and Development
  10. MoU on Development of Fairway from Sirajganj to Daikhowa and Ashuganj to Zakiganj on Indo-Bangladesh Protocol Route
  11. MoU on Training and Capacity Building Programme for Bangladeshi judicial officers in India
  12. MoU on bilateral judicial sector cooperation
  13. MoU on Cooperation in the Field of Mass Media
  14. Audio-visual co-production agreement
  15. MoU for extending Defence LOC of USD 500 million
  16. Agreement for the regulation of motor vehicle passenger traffic (Khulna-Kolkata route) and SOP of the agreement
  17. MoU for Extending a 3rd Line of Credit (LoC)
  18. Financing agreement for the Construction of 36Community Clinics in Bangladesh
  19. MoU & SOPs on Passenger and Cruise Services on the Coastal and Protocol Route
  20. MoU on Defence Cooperation Framework
  21. MoU on Cooperation in the Peaceful Uses of Outer Space
  22. Agreement on Cooperation in Peaceful uses of Nuclear Energy


Union government to revive 40-year-old North Koel Irrigation project

  • The Union government has decided to restart the North Koel Irrigation project that was thought of nearly 40 years ago. The project will aim to address the water requirements in Bihar and Jharkhand.
  • The decision was announced by the Union Minister for Water Resources, Uma Bharti during the launch of management information system (MIS) that will monitor the projects undertaken under the Pradhan Mantri Krishi Sinchayee Yojana (PMKYS).
  • According to the Union Minister, the project after completion is expected to irrigate almost 1 lakh hectares of land in both the states combined. It is estimated to cost around Rs 1600 Cr.
  • The Minister further added by saying that from irrigation point of view Jharkhand is the most backward state and PM Narendra Modi has initiated the revival of the project to eradicate poverty and backwardness of the common people in the state.
  • According to K Vohra, one of the main commissioners of the Jharkhand project, out of the total cost, the Centre would be financing about Rs 1000 crore.

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Appointments –

Mukta Dutta Tomar appointed as India's Ambassador to Germany

  • Mukta Dutta Tomar was on 7 April 2017 appointed as India's Ambassador to Federal Republic of Germany. She is expected to take up the assignment shortly.
  • Tomar succeeds Gurjit Singh who was holding the post till March 2017.

Indian-origin Anuja Ravindra Dhir becomes first non-white judge at London Court

  • Indian-origin Anuja Ravindra Dhir on 9 April 2017 became the first non-white judge of the Old Bailey Court of London. She is also the youngest circuit judge currently to sit at the court.
  • The Old Bailey Court of London is the Central Criminal Court of London. It houses 15 judges including 10 men and five women.

Lists & Indexes –

India ranks 40th in Travel and Tourism Competitive Index of World Economic Forum

  • The Travel and Tourism Competitiveness Index (TTCI) 2017 was released on 5 April 2017 by the World Economic Forum (WEF).
  • India was ranked 40th among the 136 economies across the world in the Index. The position of India has improved over 52nd rank in 2015 and 65th in 2013.
  • India is one of the most improved nations, gaining 12 places to reach the 40th position globally.
  • India has seen continued growth in international arrivals over the past 15 years, reaching the 8 million mark in 2015.
  • The country continues to charm international tourists with its vast cultural and natural resources, and its price competitiveness advantage.

Top 5 countries in the Index

  1. Spain
  2. France
  3. Germany
  4. Japan
  5. United Kingdom

News related to India and states –

Manipur govt to hold People's Day on 15th of every month

  • The new BJP-led government in Manipur state has decided to hold People’s Day on the 15th of every month.
  • The announcement was made by the state’s Chief Minister, N Biren Singh during a function held at Khwairamband Bazar in Manipur’s capital city, Imphal on 9 April 2017.
  • The CM in his address announced that the move will enable the common public of the state to get easy access to the state’s top elected leaders including himself and other Ministers, Commissioners, Secretaries, Deputy Commissioners and Superintendents of Police.
  • Through the establishment of the day, the public would be able to give suggestions and lodge complaints on public grievances on the 15th of every month. Formal official order confirming the same will be issued in the coming days.

Awards & Honors –

Tim Berners-Lee wins 2016 ACM A M Turing Award

  • Sir Tim Berners-Lee in the first week of in April 2017 was honoured with the 2016 ACM A M Turing Award.
  • He is best known as the inventor of the World Wide Web.
  • Berners-Lee received the 2016 Turing Award "for inventing the World Wide Web, the first web browser, and the fundamental protocols and algorithms allowing the Web to scale".
  • The computer scientist is one of the world’s most influential voices for online privacy and government transparency.


Malala to become youngest United Nations Messenger of Peace

  • The youngest Nobel Peace Prize winner, Malala Yousafzai will be appointed as the youngest United Nations Messenger of Peace on 10 April 2017.
  • The appointment would be carried out by the United Nations Secretary-General Antonio Guterres. Yousafzai’s new role will include helping in the promotion of girl’s education across the world.
  • She has also been invited by Canada’s PM Justin Trudeau to address the country’s Parliament on 12 April 2017, which will make her the youngest person to get the opportunity.





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