Current Affairs Update – 30 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 30 May, 2017. These are important for the upcoming  RBI Grade B Phase I, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.



Current Affairs at a Glance - 30 May, 2017
  1. After almost a gap of two decades, the Reserve Bank of India (RBI) is ready to bring back the one rupee notes in circulation. These notes will mostly be pink-green in colour on both sides and could have combination of other colours too.
  2. Axis Bank has launched Axis OK - a light, multilingual, non-data app for basic banking services through feature phones.
  3. Gujarat Cooperative Milk Marketing Federation (GCMMF) on 30 May 2017 signed a Memorandum of Understanding (MoU) with Indian Space Research Organisation (ISRO) for fodder acreage assessment using the satellite observation and space technology.
  4. India and Fiji signed a Memorandum of Understanding on expanding cooperation in the defence sector on 29 May 2017 in New Delhi.
  5. The Manipur Government in the last week of May 2017 declared Dailong village of Tamenglong district as a Biodiversity Heritage Site of the state.
  6. Union Human Resource Development Minister Prakash Javadekar launched an Anti-Ragging Mobile App introduced by the University Grants Commission (UGC) on 29 May 2017 in New Delhi.
  7. Union Government will launch a new campaign called Darwaza Band on 30 May 2017 for the promotion of toilet usage in the rural areas across the country. Bollywood star Amitabh Bachchan, who leads the campaign, is proposed to be joined by Union Minister for Drinking Water and Sanitation Narendra Singh Tomar and Maharashtra Chief Minister Devendra Fadnavis at the formal launch event to be held in Mumbai. The campaign has been supported by the World Bank.
  8. India's homegrown Global Positioning System (GPS), the Indian Regional Navigation Satellite System (IRNSS), alternatively named NavIC, is slated to be operational early in 2018.
  9. Maharashtra Chief Minister Devendra Fadnavis on Tuesday launched a web portal 'Mahaswayam' that will cater to job seekers, employers, entrepreneurs, and training institutes who can avail details regarding skill development and employment.





Financial & Banking News

RBI to soon re-introduce one rupee currency notes

  • After almost a gap of two decades, the Reserve Bank of India (RBI) is ready to bring back the one rupee notes in circulation. These notes will mostly be pink-green in colour on both sides and could have combination of other colours too.
  • The government had halted printing and circulation of one rupee notes in November 1994 when it started working out to be too expensive. At that time, the government needed to free up the capacity for printing notes of higher denominations.
  • In November last year, the central bank had released new Rs 2000 and Rs 500 notes just after the invalidating old Rs 500 and Rs 1000 notes as legal tender. These new notes have additional security features to avoid counterfeit and printing of fake currency notes.
  • At present, the government only mints one rupee coins for public usage.
  • The new one rupee note contains the words ‘भारत सरकार above the words "Government of India" with the bilingual signature of Shaktikanta Das, Secretary, Ministry of Finance and with the replica of new rupee one coin with ₹ symbol of 2017 issued with ‘सत्यमेव जयते and capital insert letter ‘L’ in the numbering panel.
  • On the reverse side, it contains the words ‘भारत सरकार above the words "Government of India" with the year 2017 on the representation of One Rupee coin with ₹ symbol with floral design.
  • The surrounding design consists of the picture of 'Sagar Samrat' - the oil exploration platform - and authentic rendering of value in fifteen Indian languages in the language panel with the year figure shown on the centre bottom in international number.


Axis Bank launches app Axis OK for feature phones

  • Axis Bank has launched Axis OK - a light, multilingual, non-data app for basic banking services through feature phones.
  • "The app, which is under 900 KB in size is one of the lightest banking applications currently available for download," the bank said in a statement today.
  • The app empowers users of feature phones to access basic banking digitally, without consuming data.
  • Besides providing the customer with a snapshot bank accounts and debit/credit cards, the app enables fund transfers as well as mobile and DTH recharge.


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News related to India and states

Amul signs MoU with ISRO for fodder acreage estimation

  • Gujarat Cooperative Milk Marketing Federation (GCMMF) on 30 May 2017 signed a Memorandum of Understanding (MoU) with Indian Space Research Organisation (ISRO) for fodder acreage assessment using the satellite observation and space technology.
  • Gujarat Cooperative Milk Marketing Federation conducts its market operations under the brand name of 'Amul'.
  • As per the MoU, ISRO will help Amul in classification of food crops and fodder crops at village level and also locate suitable areas of current fallows and cultivable wastelands at village level for green fodder cultivation.
  • The milk producer farmers of Gujarat will get benefit of fodder cultivation by using this technology. The use of this technology will also help provide season wise remote sensing based estimates on area under fodder crop and cultivable wastelands for dissemination of information in the dairy sector.
  • Amul and Space Applications Centre (SAC) of ISRO had earlier carried out a joint project to establish that remote sensing is possible to assess green fodder availability for dairy livestock at district and village level through.


India and Fiji Sign MoU on Defence Cooperation

  • India and Fiji signed a Memorandum of Understanding on expanding cooperation in the defence sector on 29 May 2017 in New Delhi.
  • The MoU was signed between the Minister of Defence and National Security of Fiji, Ratu Inoke Kubuabola and his delegation and the Minister of Defence, Finance and Corporate Affairs of India, Arun Jaitley.
  • The visiting Fiji delegation was received by a Tri-Services Guard of Honour at the lawns of South Block. Prior to meeting his Indian counterpart, Fiji’s defence minister laid a wreath at the Amar Jawan Jyoti at India Gate and before his arrival in New Delhi, he had visited the Western Naval Command in Mumbai.
  • The two Ministers discussed the expanded defence partnership in maritime security between both the countries and identified naval cooperation as an area of promise.
  • The MoU mainly aims to encourage cooperation between the two nations in several areas including defence industry, military training and humanitarian assistance & disaster management.



Dailong village in Manipur declared Biodiversity Heritage Site

  • The Manipur Government in the last week of May 2017 declared Dailong village of Tamenglong district as a Biodiversity Heritage Site of the state.
  • A notification in this connection was issued by Kengoo Zuringla, Joint Secretary of Forest and Environment division.
  • The village, which covers an area of 11.35 sq km, has been declared as Biodiversity Heritage Site under Section 37(1) of Biological Diversity Act, 2002. The declaration was made after the recommendation of Manipur Biodiversity Board.


Anti-Ragging Mobile App Launched

  • Union Human Resource Development Minister Prakash Javadekar launched an Anti-Ragging Mobile App introduced by the University Grants Commission (UGC) on 29 May 2017 in New Delhi.
  • The mobile app will help students register complaints against the menace of ragging in the country. Prior to this, students had to visit the website to register a complaint against ragging.
  • The new app will work only on Android system and will facilitate students to register a complaint against ragging immediately.
  • Students would be required to log in, after which they would be able to register their complaints.
  • The complaint will then be sent to the concerned authorities for timely action and the action will be initiated immediately.
  • Previous records reveal that timely action was taken in each case, which in turn resulted in a fall in such cases.


Amitabh Bachchan led Toilet Usage Campaign, ‘Darwaza Band’, set for national launch

  • Union Government will launch a new campaign called Darwaza Band on 30 May 2017 for the promotion of toilet usage in the rural areas across the country.
  • The aggressive new campaign of the Ministry of Drinking Water and Sanitation called Darwaza Band seeks to promote toilet usage across the villages of India.
  • Bollywood star Amitabh Bachchan, who leads the campaign, is proposed to be joined by Union Minister for Drinking Water and Sanitation Narendra Singh Tomar and Maharashtra Chief Minister Devendra Fadnavis at the formal launch event to be held in Mumbai.


Important highlights about Darwaza Band
  • The campaign has been supported by the World Bank.
  • It is being rolled out countrywide immediately after the launch.
  • It is designed to encourage behaviour change in men who have toilets but are not using them.
  • The campaign also features actor, Anushka Sharma, who will be seen encouraging women to stand up for this issue in their villages and assume a leadership role.
  • Bachchan has been a major supporter and ambassador for the Swachh Bharat Mission and is already associated with its ongoing campaigns.


India's own global positioning system NavIC to be operational from 2018

  • India's homegrown Global Positioning System (GPS), the Indian Regional Navigation Satellite System (IRNSS), alternatively named NavIC, is slated to be operational early in 2018.
  • At present, NavIC is being tested for its accuracy and is most likely to be available in the market for public use early next year.
  • The testing of the system includes ground verification and calibration of NavIC data so as to calculate its accuracy. In fact, many academic institutions across India are involved in the testing and calibration of data.
  • The Indian system is expected to be significantly more accurate than the GPS powered by American satellites. The American GPS with 24 satellites in a constellation has wider reach and covers the entire world, while NavIC with seven satellites covers only India and its surroundings.
  • With the NavIC system, India joins the likes of the United States of America, Russia, and the European Union.


Maharashtra CM Devendra Fadnavis launches portal 'Mahaswayam' for job seekers, employers

  • Maharashtra Chief Minister Devendra Fadnavis on Tuesday launched a web portal 'Mahaswayam' that will cater to job seekers, employers, entrepreneurs, and training institutes who can avail details regarding skill development and employment.
  • Earlier, the state government ran three different portals- Maharashtra State Skill Development Society (MSSDS) portal for Skill Development, 'Maharojgar' for employment and 'Mahaswayamrojgar' for entrepreneurship.
  • These three have now been merged into 'Mahaswayam', making it easier for all beneficiaries as well as the state to keep a track of the demand and supply of workforce.
  • Skill Development and Entrepreneurship Minister Sambhaji Patil Nilangekar, who was also present at the launch said, "It was important to get all the three sectors on one platform to ensure that job seekers get a right platform and employers get right candidates".


Awards & Honors

President of India presents Hindi Sevi Samman Awards

  • The President of India, Pranab Mukherjee presented the Hindi Sevi Samman Awards to 26 eminent Hindi scholars for the year 2015 on 30 May 2017at a function held at Rashtrapati Bhavan, New Delhi.
  • The ceremony was attended by several dignitaries including the Union Minister of Human Resource Development, Prakash Javadekar.
  • The awards were conferred to the scholars under 12 different categories for their contribution in the field of Hindi language and literature.
  • The Hindi Sevi Samman Awards were established by the Central Hindi Institute, Agra in 1989.
  • The awards carry a cash prize of five lakh rupees and citation.


Following is the list of awardees:
Ganga Sharan Singh Award: For work in the field of promotion and training of Hindi
  • S. Shesharatnam
  • M. Govind Rajan
  • Harmahendra Singh Bedi
  • H. Subadani Devi

Ganesh Shankar Vidyarthi Award: For work in the field of journalism and creative literature
  • Baldev Bhai Sharma
  • Rahul Dev

Atmaram Award: For work in the field of Science and Technology literature and Machinery growth
  • Girish Chandra Saxena
  • Phani Bhushan Das

Sardar Vallabhbhai Patel Award:
  • B.R. Chhipa
  • Daya Prakash Sinha

Deendayal Upadhyay Award
  • Mahesh Chandra Sharma
  • Rakesh Sinha

Swami Vivekanand Award:
  • Shridhar Paradkar
  • Sriranjan Suridev

Pandit Madan Mohan Malviya Award:
  • Nityanand Pandey
  • Jagdish Prasad Singhal

Dr. George Grierson Award: Awarded to people of foreign origin for promotion and training of Hindi outside India
  • Fujii Takeshi (Japan)
  • Gabriela Nik Ilieva (New York)


Sports News

Stan Wawrinka beat Mischa Zverev to clinch Geneva Open Men’s Singles title

  • Swiss top seed Stan Wawrinka on 27 May 2017 successfully defended his Geneva Open Men’s Singles title with a 4-6, 6-3, 6-3 victory over Germany's Mischa Zverev.
  • The 2017 Geneva Open title is the 16th title of Wawrinka's career.
  • He has reached three Grand Slam singles finals in his career, winning all three: the 2014 Australian Open, t he 2015 French Open and the 2016 US Open.
  • Just prior to the 2014 French Open, he requested and the ATP granted a formal change in his nane from Stanislas Wawrinka to Stan Wawrinka.






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