Current Affairs Update – 26 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 26 May, 2017. These are important for the upcoming SBI PO Mains, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.



Current Affairs at a Glance - 26 May, 2017
  1. The Union Government on 25 May 2017 introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.
  2. The Union Ministry of Environment and Forests on 23 May 2017 came up with new regulations that ban the sale of all kinds of cattle for slaughter across India.
  3. The Chief Minister of Uttarakhand, Trivendra Singh Rawat launched a campaign on water harvesting and conservation on the occasion of Water Day on 25 May 2017 in the state’s capital, Dehradun.
  4. Prime Minister Narendra Modi on 26 May 2017 inaugurated India's longest river bridge- the Dhola- Sadiya Bridge in Assam.  This three lane 9.15 kilometre bridge has been built over river Lohit, a tributary of the Brahmaputra, that links Dhola to Sadiya in Assam. The bridge is also known as Bhupen-Hazarika Setu.
  5. Uttar Pradesh (UP) Chief Minister Yogi Adityanath on 25 May 2017 launched a massive immunisation drive in 38 districts of the state to eradicate Japanese Encephalitis (JE).
  6. Senior bureaucrat Anurag Tripathy was on 25 May 2017 appointed as the Secretary of the Central Board of Secondary Education (CBSE
  7. The United States Senate has confirmed the nomination of Indian-American Judge, Amul Thapar to a key judicial position in the powerful US Circuit Court of Appeals.
  8. Manchester United on 24 May 2017 won their first ever UEFA Europa League title. The team defeated Ajax 0-2 to clinch the 2016–17 UEFA Europa League title.
  9. Munnar, the much-popular hill station in Kerala has won the award for 'Best Destination for Romance' at the Lonely Planet Magazine Indian Travel Awards 2017.



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Banking & Financial News

Government tweaked Startup definition, benefits to now flow for 7 years


  • The Union Government on 25 May 2017 introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan.
  • Earlier, companies which were not older than five years from the date of incorporation were eligible for concessions under the plan, which was announced in 2016.
  • New Definition: Under the new definition, an entity shall be considered as a startup if its turnover is less than Rs 25 crore - which remains unchanged - and has not completed seven years from the date of its incorporation/registration. However, in the case of startups in the biotechnology sector, the period shall be up to 10 years.
  • It also said that an entity shall be considered as a start-up if it is working towards innovation, development or improvement of products or processes or services. It will also be called a startup if it is a scalable business model with a high potential of employment generation or wealth creation.
  • The Start-up India initiative was announced by Prime Minister Narendra Modi in his Independence Day speech on 15 August 2015. The initiative was announced with an aim to foster entrepreneurship and promote innovation by creating an ecosystem that is conducive for the growth of Startups.

News related to India and states

Union Environment Ministry bans sale of cattle for slaughter


  • The Union Ministry of Environment and Forests on 23 May 2017 came up with new regulations that ban the sale of all kinds of cattle for slaughter across India.
  • The rules were issued under the Prevention of Cruelty to Animals Act, 1960. It requires anyone purchasing cattle to provide an undertaking that the animals are bought for agricultural purposes and not slaughter.
  • The definition of cattle includes bulls, bullocks, cows, buffalos, steers, heifers, calves and camels.
  • The new rules will be implemented in the next three months.

Uttarakhand CM launches water conservation campaign


  • The Chief Minister of Uttarakhand, Trivendra Singh Rawat launched a campaign on water harvesting and conservation on the occasion of Water Day on 25 May 2017 in the state’s capital, Dehradun.
  • The Minister flagged off two mechanised rath, one each for Kumaon and Garhwal regions.The vans would be using audio material and related literature to broadcast information on water conservation and spread awareness in the two regions.
  • The Minister stressed that the objective of the campaign cannot be achieved without the participation of the common people.

PM Narendra Modi inaugurates India's longest bridge Dhola-Sadiya in Assam


  • Prime Minister Narendra Modi on 26 May 2017 inaugurated India's longest river bridge- the Dhola- Sadiya Bridge in Assam.
  • This three lane 9.15 kilometre bridge has been built over river Lohit, a tributary of the Brahmaputra, that links Dhola to Sadiya in Assam.
Highlights of the Dhola-Sadiya bridge

  • The total length of the Dhola-Sadiya Bridge project, including the approach roads on each side, is 28.50 km. The length of the bridge itself is 9.15 Km.
  • It was constructed on BOT Annuity basis at a total cost of Rs 2056 crore, as a part of the Arunachal Package of Roads and Highways.
  • It will ensure 24X7 connectivity between upper Assam and Eastern part of Arunachal Pradesh.
  • The bridge will reduce the distance from Rupai on NH- 37 in Assam to Meka/Roing on NH-52 in Arunachal Pradesh by 165 KM.
  • The travel time between the two places will come down from the current six hours to just one hour. This will result in saving of petrol and diesel worth Rs 10 Lakh per day.
  • It will provide efficient road connectivity to remote and backward areas which have poor road infrastructure.
  • This bridge will also give a major boost to overall economic development of the areas north of Brahmaputra in upper Assam and Arunachal Pradesh.

UP CM Yogi Adityanath launches JE vaccination drive in 38 districts of UP


  • Uttar Pradesh (UP) Chief Minister Yogi Adityanath on 25 May 2017 launched a massive immunisation drive in 38 districts of the state to eradicate Japanese Encephalitis (JE).
  • This anti-encephalitis drive was launched from Kushinagar district.
Highlights of the anti-encephalitis drive

  • This government has fixed the target of immunisation of above 88 lakh 55 thousand children in the age group of 1 to 15 years during the drive in the targeted districts.
  • The government has also involved all the voluntary and social organisations in these JE prone districts.
  • CM Yogi also launched a toll free number to get or provide any information about encephalitis. The number is 18001805544.
  • The drive will be continued till 11 June 2017.

Appointments

Anurag Tripathy appointed as Secretary of CBSE


  • Senior bureaucrat Anurag Tripathy was on 25 May 2017 appointed as the Secretary of the Central Board of Secondary Education (CBSE). Tripathy will serve the post for a period of five years.
  • Tripathy is a 1998 batch officer of Indian Railway personnel Service (IRPS).

US Senate confirms Indian-American, Amul Thapar to key judicial post


  • The United States Senate has confirmed the nomination of Indian-American Judge, Amul Thapar to a key judicial position in the powerful US Circuit Court of Appeals.
  • Thapar, who was nominated by US President Donald Trump for the 6th US Circuit Court of Appeals, was confirmed by the Senate in a 52-44 vote that took place on the party lines.
  • Speaking on the occasion, US Senate Majority Leader Mitch McConnell stated that Judge Thapar would make an outstanding addition to the US Appeals Court for the Sixth Circuit. McConnell further added that the Indian-American has a reputation of a qualified judge with an impressive legal mind and will fairly apply the law to all those who enter his courtroom.

Sports

Manchester United beat Ajax to claim 2016–17 UEFA Europa League title


  • Manchester United on 24 May 2017 won their first ever UEFA Europa League title. The team defeated Ajax 0-2 to clinch the 2016–17 UEFA Europa League title.
  • It is the second major trophy of the season for the Manchester United. Their first win for the season was the 2016-17 EFL Cup.

Awards & Honors

Kerala’s Munnar adjudged 'Best Destination for Romance'

  • Munnar, the much-popular hill station in Kerala has won the award for 'Best Destination for Romance' at the Lonely Planet Magazine Indian Travel Awards 2017.
  • The award was conferred by Bollywood actress Diana Penty to P Bala Kiran, Director of Kerala Tourism at the sixth edition of the event, which was conducted in Mumbai recently.
  • Speaking on the occasion, Bala Kiran stated that such awards only inspire other travel enthusiasts to visit and experience unexplored destinations. He added saying that Kerala, which is considered as India’s greenest state, has witnessed a constant growth in domestic as well as international tourists since 2011.
  • In numbers, the foreign and domestic tourist arrivals in the state has risen by 6.23 percent and 5.67 percent respectively in comparison to 2016.








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