Current Affairs Update – 10-11 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 10 and 11 May, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains, BOB Manipal, NICL AO Mains and other exams in 2017 July and August.


Current Affairs at a Glance - 10-11 May, 2017
  1. The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank's mobile wallet. However, the bank will charge Rs 25 on every cash withdrawal from the mobile wallet via ATMs.
  2. National Highways Authority of India's first Masala Bond was launched today at the London Stock Exchange with Union Minister Nitin Gadkari ringing the opening bell.
  3. The city of Ahmedabad in Gujarat would be hosting the biggest ever International Yoga Day event on 21 June 2017.
  4. India and the US in May 2017 exchanged views on maritime developments in the Asia-Pacific and Indian Ocean Region and considered steps to further strengthen bilateral maritime security cooperation.
  5. The 29th series of India- Indonesia Co-Ordinated Patrol (CORPAT) commenced on 9 May 2017 at Port Blair under the aegis of Andaman and Nicobar Command.
  6. India has decided to replace its Maitri research station in Antarctica with a new one in the next three to four years. The same was announced by Madhavan Nair Rajeevan, Secretary, Ministry of Earth Sciences on 9 May 2017.
  7. Road Transport and Highways Secretary Sanjay Mitra was on 10 May 2017 appointed as Defence Secretary in a top-level bureaucratic reshuffle.
  8. Twitter, the social networking giant elevated Taranjeet Singh as its Country Director for India on 10 May 2017.
  9. Liberal politician Moon Jae-in on 10 May 2017 was sworn in as South Korea's President in a ceremony at the National Assembly Seoul.
  10. The National Technology Day 2017 was observed on 11 May 2017 in India with the theme Technology for inclusive and sustainable growth. The day is commemorated to mark the anniversary of Pokhran nuclear tests of 1998.
  11. The World Migratory Bird Day (WMBD) 2017 was observed across the world on 10 May 2017. The theme for WMBD 2017 is "Their Future is our Future – A Healthy Planet for Migratory Birds and People."
  12. Australian Senator Larissa Waters, the deputy co-leader of the Australian Greens party became the first woman in the history of Australian Politics to breastfeed her baby during a Parliamentary session on 9 May 2017.
  13. The International Day of Vesak celebrations will be held in Colombo from 12 May to 14 May. Indian Prime Minister Narendra Modi will be travelling to Sri Lanka on 11 May to attend the festival.
  14. Indian women's team fast bowler Jhulan Goswami on 9 May 2017 became the highest wicket-taker in the history of Women’s One-Day Internationals.






Financial and Banking News

SBI to allow ATM withdrawals via e-wallet


  • The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank's mobile wallet.
  • However, the bank will charge Rs 25 on every cash withdrawal from the mobile wallet via ATMs.
  • Meanwhile, the SBI has denied media reports that it has increased service charges to Rs 25 on regular ATM transactions.
  • "The service charge on cash withdrawal from ATMs has not been changed for normal savings accounts," SBI MD (national banking) Rajnish Kumar told PTI.
  • "If a customer has money in SBI Buddy, our mobile wallet, he can now withdraw that money through ATMs. Also, now customer can deposit cash or withdraw cash through business correspondent (BC) from or into our mobile wallet. These facilities were not available earlier," Kumar added.
  • For cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax.
  • For cash withdrawal of up to Rs 2,000 from SBI Buddy through business correspondents, the service charges will be 2.50 per cent of the transaction value (minimum of Rs 6) in addition to service tax.

Gadkari launches NHAI's first Masala Bond in UK


  • National Highways Authority of India's first Masala Bond waslaunched today at the London Stock Exchange with Union Minister Nitin Gadkari ringing the opening bell.
  • The rupee-denominated offshore bond offered by National Highways Authority of India (NHAI) on the exchange is targeted at raising capital for India's infrastructure projects.
  • "India gives the highest priority for infrastructure development. Our economy is the fastest growing in the world. NHAI is a flagship organisation, with AAA rating and we have many big projects to offer," Gadkari said at the London Stock Exchange market opening ceremony.
  • In reference to the progress already made, Gadkari pointed to a hike in road construction figures from just 2 kilometres per day,when he took charge of the transport ministry,to 23 kilometres a day at the end of March this year.
  • The government's target is to increase the length of the national highway from 96,000 kilometres to 2 lakh kilometres, he said.

Union Government sets up a task force to compute reliable and timely employment data

  • The Union Government led by Prime Minister Narendra Modi on 9 May 2017 created a task force on employment data. The task force to be headed by NITI Aayog Vice Chairman Arvind Panagariya and will be responsible for creating a methodology to generate timely and reliable employment data.
  • It will also recommend solutions which can be implemented in a time-bound manner. 
Other members of the task force are
  • Labour Secretary M. Sathiyavathy
  • Secretary of the statistics department T.C.A. Ananth
  • NITI Aayog’s Pulak Ghosh
  • Chairman and co-founder of staffing firm Teamlease Services Ltd Manish Sabharwal

In view of the importance of timely and reliable data on employment, Prime Minister Narendra Modi has directed his Office and concerned Ministries to come up with a solution to fill the long-standing gap in the country’s statistical architecture.
Besides, the Prime Minister directed that the task is expedited so that policies on employment can be formulated with a proper appreciation of impacts, based on credible data.

The government said, it attaches the highest priority to job creation but the lack of a reliable, timely data on employment has made it difficult for policymakers and independent observers to assess the extent of employment generation at different points of time.



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News related to India and states

Ahmedabad to host a mega-event to celebrate International Yoga Day


  • The city of Ahmedabad in Gujarat would be hosting the biggest ever International Yoga Day event on 21 June 2017.
  • The same was announced by Yoga Guru Baba Ramdev while addressing a press conference in the city on 10 May 2017. The Yogi announced that the event would witness participation from over 5 lakh people.
  • The event would be inaugurated by the state’s Chief Minister Vijay Rupani and BJP president Amit Shah would be present at its concluding ceremony.
  • It would be jointly hosted by the city’s GMDC and AES grounds, which when combined boast of a total area of 28 lakh square ft.
  • It would be a non-political programme conducted in partnership with Gujarat government which will also involve various social organizations.

India, US exchange views on maritime developments in Asia-Pacific & IOR


  • India and the US in May 2017 exchanged views on maritime developments in the Asia-Pacific and Indian Ocean Region and considered steps to further strengthen bilateral maritime security cooperation.
  • The exchanges were made in the second round of the India-US Maritime Security Dialogue. The dialogue between the two nations was held on 9 and 10 May 2017 in Newport, Rhode Island in the USA.
  • They also reviewed the implementation of the decisions taken at the first Maritime Security Dialogue held in May 2016.
  • The Indian delegation was led jointly by Joint Secretary Ministry of External Affairs Pankaj Sharma and Munu Mahawar and Joint Secretary (Navy) Ministry of Defence Devika Raghuvanshi.
  • The US side was led by Assistant Secretary of Defence for Asian and Pacific Security Affairs David Helvey and Acting Deputy Assistant Secretary of State for South and Central Asian Affairs Sean Stein.
  • The next round of the dialogue will be held in India on mutually convenient dates.

Meeting of the Co-Chairs of the India-Russia Intergovernmental Commission held in New Delhi


  • The Co-Chairs of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) was held on 10 May 2017 in New Delhi.
  • The delegations of the two nations were led by External Affairs Minister Sushma Swaraj and Deputy Prime Minister of the Russia Dmitry Olegovich Rogozin. During the meet, the two leaders reviewed the progress made on various bilateral issues since the last meet that was held on 13 September 2016. They also looked forward towards the preparations for the forthcoming India-Russia Annual Summit that is scheduled to be held in St. Petersburg on 1 June 2017.


External Affairs Minister and Deputy Prime Minister agreed to up gradation work in the weeks and months ahead to take forward collaborative projects in the following areas:

  1. Civil nuclear energy
  2. Joint projects in third countries
  3. Design, development, assembly and testing of total hardware and firmware required for GLONASS-NAVIC GPS Receiver
  4. Application of Navic-Glonass navigation signals for traffic management

PM Modi launches integrated case management system of Supreme Court


  • The Prime Minister of India, Narendra Modi launched the integrated case management system of the Supreme Court on 10 May 2017 at a function in New Delhi.
  • The inaugural event was attended by the Chief Justice of India, Union Law Minister Ravi Shankar Prasad and judges of the apex court.
  • The Integrated Case Management System will be connected with the Supreme Court website.
  • This move is the apex court’s first step towards becoming a paperless, digital court.
  • The new digital system will enable the litigants to access their data and retrieve any information required online.
  • Chief Justice of India, Jagdish Singh Khehar has proposed to integrate the system with all the 24 high courts and subordinate courts in the country.

29th edition of CORPAT between India and Indonesia begins at Port Blair


  • The 29th series of India- Indonesia Co-Ordinated Patrol (CORPAT) commenced on 9 May 2017 at Port Blair under the aegis of Andaman and Nicobar Command.
  • The Indonesian Naval Ship KRI Sutedi Senoputra arrived at Haddo Wharf, Port Blair to mark the commencement of the 29th series of IND–INDO CORPAT. An Indonesian Maritime Patrol Aircraft also flew in with the Indonesian Naval delegation led by First Admiral Bambang Irwanto to INS Utkrosh, Port Blair. First Admiral Bambang Irwanto called on Major General PS Sai, Chief of Staff, Andaman and Nicobar Command and the delegation also interacted with Commodore Ashutosh Ridhorkar, the Naval Component Commander.
  • The closing ceremony of the CORPAT is scheduled at Belawan, Indonesia from 22 to 25 May 2017.

India to replace its research station in Antarctica


  • India has decided to replace its Maitri research station in Antarctica with a new one in the next three to four years. The same was announced by Madhavan Nair Rajeevan, Secretary, Ministry of Earth Sciences on 9 May 2017.
  • Rajeevan made the announcement while speaking on the sidelines of a programme to formally commence ship building by Titagarh Wagons Ltd in Kolkatta, India. He also stated that India is poised to expand its research activity in the coldest continent and a new ship, with a special ice-cutting facility, will be procured for the purpose.
  • He further added the India is also drafting its own laws to safeguard its interest in Antarctica, as it is currently governed by international laws.

Appointments

Sanjay Mitra appointed as Defence Secretary


  • Road Transport and Highways Secretary Sanjay Mitra was on 10 May 2017 appointed as Defence Secretary in a top-level bureaucratic reshuffle. His appointment was approved by Appointments Committee of Cabinet (ACC).
  • Mitra will succeed G Mohan Kumar, who will completes his tenure on 24 May 2017. Till then, Mitra will function as an Officer on Special Duty in the Defence Ministry. This will be his first posting in the Defence Ministry.

Twitter elevates Taranjeet Singh as Country Director for India


  • Twitter, the social networking giant elevated Taranjeet Singh as its Country Director for India on 10 May 2017. Singh was previously leading the charge for sales and marketing support for Twitter’s advertisers in India.
  • The official statement released by Twitter India read that Taranjeet in his new position would be leading the team by driving an integrated business strategy and spearheading cross-functional collaboration. His role would also include accelerating Twitter’s audience and revenue growth in India, its key growth market.

Moon Jae-in sworn in as President of South Korea


  • Liberal politician Moon Jae-in on 10 May 2017 was sworn in as South Korea's President in a ceremony at the National Assembly Seoul.
  • Moon won South Korea's presidential election in a victory that ends nearly a decade of conservative rule.
  • The liberal’s victory will end months of political turmoil that led to parliament's impeachment of conservative former President Park Geun-hye over an extensive corruption scandal, which a court upheld in March 2017. With this, Park became the first democratically elected leader in South Korea to be removed from office.
  • Official results showed that Moon achieved a decisive victory with the highest turnout in 20 years despite drizzly weather in South Korea. He won 41.1% of the votes compared with 24% for conservative candidate Hong Joon-pyo and 21.4% for centrist candidate Ahn Cheol-soo.

Days

India celebrates 2017 National Technology Day


  • The National Technology Day 2017 was observed in India with the theme Technology for inclusive and sustainable growth.
  • The day is commemorated to mark the anniversary of Pokhran nuclear tests of 1998. It also marks India's scientific prowess and technological advancements.
  • It was the same date in 1998 when India successfully conducted first among the five nuclear tests in Pokhran under the leadership of Atal Bihari Vajpayee. The tests showcased India's strength to the entire world.

World Migratory Bird Day 2017 observed with theme Their Future is our Future


  • The World Migratory Bird Day (WMBD) 2017 was observed across the world on 10 May 2017. The theme for WMBD 2017 is "Their Future is our Future – A Healthy Planet for Migratory Birds and People."
  • The theme for the year throws light on the topic of Sustainable Development for Wildlife and People.
  • The WMBD 2017 highlights the interdependence of people and nature, and more especially people and migratory animals - in particular birds, as they share the same planet and thus the same limited resources.
  • The 2017 campaign will aim at raising awareness on the need for a sustainable management of the natural resources, demonstrating that birds conservation is also crucial for the future of humankind.


World News

Larissa Waters became the first woman senator to breastfeed in Parliament


  • Australian Senator Larissa Waters, the deputy co-leader of the Australian Greens party became the first woman in the history of Australian Politics to breastfeed her baby during a Parliamentary session on 9 May 2017.
  • The senator, who returned to Parliament after 10 weeks of maternity leave, breastfed her 2-month-old daughter, Alia Joy, during a vote for a Greens policy motion on a federal budget.
  • Waters also tweeted following the incident saying that she was so proud that her daughter Alia is the first baby to be breastfed in the federal Parliament! She also added that there is a need for more women, parents in the Parliament.
  • The milestone comes after Waters played a significant role in pushing the Senate to allow female politicians to bring their children into the Parliament for breastfeeding. Under previous rules, children were banned from entering the parliamentary chambers and breastfeeding mothers were given a proxy vote.

Narendra Modi to attend International Day of Vesak celebrations in Colombo


  • Buddha Purnima or "Vesak", the day of the Full Moon was observed globally on 10 May 2017. The day marks the birth of Gautam Buddha, who was born two and a half millennia ago in the year 623 B.C.
  • It was also on this day that the Buddha attained enlightenment under the Mahabodhi tree at Bodh Gaya and it was on the day of Vesak that the Buddha passed away.
  • Prime Minister Narendra Modi tweeted on the occasion saying that the ideals of Gautama Buddha and his noble thoughts will continue to guide generations and inspire people to work towards a harmonious, just and compassionate society.
  • The International Day of Vesak celebrations will be held in Colombo from 12 May to 14 May.
  • Indian Prime Minister Narendra Modi will be travelling to Sri Lanka on 11 May to attend the festival.

Sports News


Asian Wrestling Championship: India's Harpreet Singh wins bronze in Greco-Roman weight category

  • Indian wrestler Harpreet Singh on 10 May 2017 won a bronze medal in the Greco-Roman weight divisions on the opening day of the Asian Wrestling Championship. In the opening match played in New Delhi, Harpreet defeated his rival Jun Ji Na of China 3-2 in 80kilogram category.
  • In addition to this, another Indian wrestler Gurpreet Singh lost his bronze medal bout 0-8 in just 38 seconds to Bin Yang of China. He earlier entered the bronze medal play-off round of Greco-Roman weight divisions in the 75 kilogram category.
  • Earlier in the day, three other Indian Greco-Roman wrestlers -- Ravinder, Hardeep and Naveen -- were knocked out of the tournament.
  • South Korea with a tally of five medals including one gold, three silver and a bronze emerged as the most successful nation on the day.


Jhulan Goswami becomes highest wicket taker in Womens One Day Internationals

  • Indian women's team fast bowler Jhulan Goswami on 9 May 2017 became the highest wicket-taker in the history of Women’s One-Day Internationals.
  • Goswami broke the decade-long record Australian Cathryn Fitzpatrick’s 180 wickets from 109 matches.
  • Goswami dismissed South Africa's Raisibe Ntozakhe in an ongoing Women's Quadrangular Series in South Africa to claim her 181st victim in the 50-over format.







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