Current Affairs Update – 22 June, 2017


Hello and welcome to exampundit. Here are the important Current Affairs update of 22 June, 2017. These are important for the upcoming  SBI Clerk 2017, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.





Current Affairs at a Glance - 22 June, 2017
  1. The Reserve Bank of India today announced names of the members of overseeing committee. The composition of OC will be as follows with effect from September 7, 2017: Pradeep Kumar (chairman), Janki Ballabh, M B N Rao, Y M Deosthalee, S Raman.
  2. The Union Ministry of Electronics and IT has launched a dedicated webpage to help companies in the IT services and electronics sector to adapt to the new GST regime.
  3. Elbit Systems–Cyclone of Israel and Mahindra Aerostructures have signed a Memorandum of Understanding (MoU) to collaborate on the production of aerostructures parts and assemblies.
  4. Uttarakhand has become the fourth state to be open defecation free (ODF) in the country.
  5. A joint team of the Oil and Natural Gas Corporation (ONGC) and the United Nations Educational, Scientific and Cultural Organization (UNESCO) in June 2017 carried out a preliminary survey for the conservation of Chilika Lake.
  6. The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday gave its approval for signing a Memorandum of Understanding (MoU) for cooperation in Traditional Systems of Medicine and Homoeopathy between Ministry of AYUSH the Ministry of Health, Nutrition and Indigenous Medicine of Sri Lanka.
  7. Tata Trust has joined hands with the Andhra Pradesh Government to accelerate the Rural Prosperity Mission, in which the World Bank is a strategic partner.
  8. United Nations Secretary-General Antonio Guterres on 21 June 2017 appointed Vladimir Ivanovich Voronkov of the Russian Federation as Under-Secretary-General of the United Nations Counter-Terrorism Office.
  9. Senior White House official Kenneth I Juster, a top aide of US President Donald Trump, is set to become America's next Ambassador to India.
  10. China has unveiled the world's firstrailless train’ that runs on a virtual track making use of a sensor technology instead of metal rails.
  11. The International Olympic Committee (IOC) and Intel on 21 June 2017 announced a long-term technology partnership.
  12. In roughly seven years, around 2024, the population of India is expected to surpass that of China, according to a UN report – the World Population Prospects: The 2017 Revision--published by the United Nations Department of Economic and Social Affairs. The report stated that currently, China with a population of about 1.41 billion and India with a population of about 1.34 billion are two of the most populous countries comprising 19 and 18 percent of the total global population.
  13. Fashion label Rheson, owned by actress Sonam Kapoor and her producer-sister Rhea Kapoor, on 22 June 2017 won the Compassionate Business Award 2017 from the People for the Ethical Treatment of Animals (PETA) India for a line of bags made exclusively of vegan materials.
  14. Anti-hunger activist Ankit Kawatra is all set to receive the prestigious Queen’s Young Leaders Award with 60 others from all 53 Commonwealth countries.






Financial and Banking News

RBI announces names of five-member overseeing committee


  • The Reserve Bank of India today announced names of the members of overseeing committee.
  • The composition of OC will be as follows with effect from September 7, 2017: Pradeep Kumar (chairman), Janki Ballabh, M B N Rao, Y M Deosthalee, S Raman.
  • Reconstituted OC will work with an expanded mandate to review cases being restructured under the scheme for sustainable structuring of stressed assets (S4A).
  • Overseeing committee will, for the present, have five members, including a chairman, and will work through multiple benches as may be necessary.
  • Reconstituted OC will review resolution of cases where aggregate exposure of the banking sector to the borrowing entity is greater than Rs 500 crore.

Ministry of Electronics and IT launches webpage for smooth GST implementation


  • The Union Ministry of Electronics and IT has launched a dedicated webpage to help companies in the IT services and electronics sector to adapt to the new GST regime.
  • According to an official statement released by the Ministry, the webpage has been launched to ensure smooth implementation of GST from 1 July 2017.
  • The webpage will help address issues of companies and taxpayers that are related to Information Technology Services and Electronics goods and also enable them to file for grievance redressal with regard to the tax’s implementation.
  • The release further added that individuals, companies and entrepreneurs in the IT and electronics sector can visit the webpage for sector-specific information
  • The Goods and Services Tax (GST), the biggest tax reform since Independence will be launched in the midnight of 30 June and 1 July.

Mahindra Aero, Israeli firm ink MoU


  • Elbit Systems–Cyclone of Israel and Mahindra Aerostructures have signed a Memorandum of Understanding (MoU) to collaborate on the production of aerostructures parts and assemblies.
  • Under the arrangement, Cyclone will source content for its existing work packages from Mahindra.
  • Mahindra’s aerostructures manufacturing facility near Bengaluru exports primary structural assemblies for the Mahindra Airvan 8 aircraft. Cyclone, a wholly-owned subsidiary of Elbit Systems, serves as the parent’s design and manufacturing centre for composite and metal structural aircraft assemblies and parts.
  • The company’s customer base includes Boeing (commercial and military), Bombardier, Lockheed Martin, Northrop Grumman, Spirit Aerosystems, Sikorsky, Textron Aviation and Triumph.

News related to India and states

Uttarakhand becomes 4th state to be open defecation free


  • Uttarakhand has become the fourth state to be open defecation free (ODF) in the country.
  • The same was declared by Union Minister of Rural Development and Panchayati Raj, Narendra Singh Tomar during a Swachh Bharat Programme organized in ONGC, Dehradun on 22 June 2017.
  • Uttarakhand has achieved the status after Sikkim, which was the first state to be declared open defecation free and then Himachal Pradesh and Kerala, both of which were declared ODF free in the latter half of 2016. The state has achieved the feat after undertaking a major cleanliness drive.
  • Three more states-Haryana, Punjab and Gujarat are also expected to follow suit on the effort in this financial year.
  • Speaking on the occasion, Prakash Pant, a senior Minister in the Uttarakhand Legislative Assembly stated that until March 2017, only seven districts in the state were ODF. Haridwar, Paudi and Dehradun became ODF on 31 May.




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ONGC and UNESCO join hands to get Chilika Lake heritage site tag


  • A joint team of the Oil and Natural Gas Corporation (ONGC) and the United Nations Educational, Scientific and Cultural Organization (UNESCO) in June 2017 carried out a preliminary survey for the conservation of Chilika Lake.
  • The survey has been done to help India’s largest coastal lagoon secure the world heritage site tag.
  • In order to get world heritage site recognition, the lake should have outstanding global value in terms of biodiversity and eco-system.
  • During the team’s visit to the periphery areas of the lake, they interacted with various stakeholders in the village and local officials, where certain focal areas were identified to begin with, so that the efforts could finally lead to the declaration of Chilika Lake as a heritage site.
  • The ONGC-UNESCO made efforts for the comprehensive development of the eco-system of the lake, particularly the wetlands of Mangalajodi, which is intrinsically linked to the conservation of migratory and endemic birds.

1st India-Russia Joint Committee on Science and Technology Cooperation held


  • To bolster the cooperation in the science and technology sector, India and Russia on 21 June 2017 identified key areas of cooperation in the sector. The identified areas include space and marine technologies, IT and deep ocean engineering.
  • The areas were chosen at the first meeting of India-Russia Joint Committee on Science and Technology Cooperation in the Siberian city of Novosibirsk. The meeting was co-chaired by the Defence Minister Arun Jaitley and the Russian Deputy Prime Minister Dmitry Rogozin.
  • The India-Russia High-Level Committee on Science and Technology is a newly established committee and it was established to discuss cooperation in high technologies. Reports suggest that the both sides finalised the working procedures for the Committee to ensure speedy decision making in implementing joint projects.
  • The meeting was held on the sidelines of the Technoprom Exhibition in the city of Novosibirsk. Technoprom is a major annual science, technology and innovation exhibition of Russia. In addition to this, the Defence Minister also addressed the main Plenary Session of the Technoprom, which is a major annual science, technology and innovation exhibition of Russia.

India, Sri Lanka to ink MoU for cooperation in traditional medicine, homoeopathy


  • The Union Cabinet chaired by Prime Minister Narendra Modi on Thursday gave its approval for signing an Memorandum of Understanding (MoU) for cooperation in Traditional Systems of Medicine and Homoeopathy between Ministry of AYUSH the Ministry of Health, Nutrition and Indigenous Medicine of Sri Lanka.
  • The signing of the proposed MoU will enhance bilateral cooperation between the two countries in the areas of traditional medicine and homoeopathy.
  • The financial resources necessary to conduct research, training courses, conferences will be met from the existing allocated budget and existing plan schemes of Ministry of AYUSH.
  • The activities between the two sides will start immediately after signing of the MoU by the two countries.
  • Both countries share a common culture with respect to Ayurveda, Siddha and Unani Systems of Medicine. Moreover, there are a large number of medicinal plants, particularly those found in tropical region which are common to the two countries given similar geo-climatic factors.

Tata Trust, AP sign MoU to accelerate the Rural Prosperity Mission


  • Tata Trust has joined hands with the Andhra Pradesh Government to accelerate the Rural Prosperity Mission, in which the World Bank is a strategic partner.
  • An MoU was signed between the Tata Trust and the Society for Elimination of Rural Poverty of the State Government in the presence of the Chief Minister, N Chandrababu Naidu in Vijayawada.
  • World Bank is supporting the CM’s vision of ensuring a net income of Rs. 10,000 per month for each self-help group (SHG) household.
  • A Centre of Excellence for Rural Prosperity will be established to study and catalyse practical applications of technology across agriculture, horticulture, animal husbandry, fisheries, handloom and non-farm enterprises, according to a press release.
  • All the relevant technology, strategy and capacity building will be supported by a collaboration of the stakeholders, World Bank, Tata Trusts, SERP and AP State Development Planning Society (APSDPS).
  • Training in enterprise and business sense will be provided by International Labour Organisation (ILO) and Kerala-based Kudumbashree, while skill development, training and placement facilities will be supported by IL&FS.

Appointments

Vladimir Voronkov appointed as Under-Secretary-General of UN Counter-Terrorism Office


  • United Nations Secretary-General Antonio Guterres on 21 June 2017 appointed Vladimir Ivanovich Voronkov of the Russian Federation as Under-Secretary-General of the United Nations Counter-Terrorism Office.
  • The Under-Secretary-General will provide strategic leadership to United Nations counter-terrorism efforts, participate in the decision-making process of the UN and ensure that the cross-cutting origins and impact of terrorism are reflected in the work of the United Nations.
  • At present, Vladimir Voronkov serves as the Russian Federation’s Permanent Representative to the International Organizations in Vienna.
  • Prior to his appointment, he served as the Director of the Department of European Cooperation at the Ministry of Affairs in Moscow from 2008 to 2011.

Kenneth I Juster to be next US Ambassador to India


  • Senior White House official Kenneth I Juster, a top aide of US President Donald Trump, is set to become America's next Ambassador to India. The announcement regarding the appointment was made by White House on 21 June 2017.
  • Once nominated and confirmed by the US Senate, Juster will succeed Richard Verma. Verma, the first Indian-American to head this position, put in his papers when Trump replaced Barack Obama as the President of the United States.
  • Presently, Juster is serving as the Deputy Assistant to the US President for International Economic Affairs and as Deputy Director of the National Economic Council in the White House.

World News

China unveils World’s first train that runs on Virtual Tracks


  • China has unveiled the world's first ‘railless train’ that runs on a virtual track making use of a sensor technology instead of metal rails.
  • This Autonomous Rail Rapid Transit (ART) has been developed by China's CRRC Zhuzhou Institute. It is a part of China's attempts to develop an ‘intelligent rail express system’.  The company also makes key parts for high-speed railways.
  • The 30-metre long train at present has three carriages and can carry around 300 passengers.
  • The number of carriages can be increased in the future, taking the total capacity up to 500 passengers.
  • The train is fitted with sensors that allow it to detect the dimensions of the roads and plan its own route without the need for metal railway tracks.
  • Further, it has rubber wheels, which can be automatically guided without rails.
  • The train is also non-polluting and environment friendly, as it is battery powered.
  • While it can travel a distance of 25 km by just charging for 10 minutes, on a full charge, it can travel for distances up to 40 km.

Sports News

Intel partners with International Olympic Committee


  • The International Olympic Committee (IOC) and Intel on 21 June 2017 announced a long-term technology partnership.
  • The partnership was announced at an official signing ceremony in New York with IOC President Thomas Bach and the US tech giant's Chief Executive Officer Brian Krzanich.
  • Intel will join "The Olympic Partner" (TOP) worldwide sponsorship programme, becoming a Worldwide TOP Partner through 2024. The partnership will transform the Olympic Games and the Olympic experience.
  • The first Olympic Games activation will take place at the Olympic Winter Games Pyeongchang 2018 in South Korea in February 2018. The Intel technology will provide real-time virtual reality viewing of the Olympic Winter Games.

Reports

India to become most populated country in the world by 2024, says UN report


  • In roughly seven years, around 2024, the population of India is expected to surpass that of China, according to a UN report – the World Population Prospects: The 2017 Revision--published by the United Nations Department of Economic and Social Affairs.
  • The report stated that currently, China with a population of about 1.41 billion and India with a population of about 1.34 billion are two of the most populous countries comprising 19 and 18 percent of the total global population.
  • The 2017 Revision of World Population Prospects is the 25th round of official UN population estimates and projections. In its 24th round of estimates released in 2015, it was projected that the population of India will surpass that of China’s by 2022.
Main Highlights of the Forecast

  • By 2024, India and China are expected to roughly have a population of about 1.44 billion each.
  • After that, India’s population is projected to continue growing and touch 1.5 billion in 2030 and approach 1.66 billion by 2050, while China’s population is projected to remain stable until the 2030s, after which it may begin a slow decline.
  • India’s population is forecasted to eventually see a decline after 2050 and come down to 1.51 billion by 2100 but it will still remain as the most populous country in the world.
  • Life expectancy at birth in India will be 71 years in 2025-2030, which is forecasted to grow to 74.2 years in 2045-2050.
  • The under-five mortality rate is expected to decline from 32.3 deaths under age five per 1,000 live births in 2025-2030 to 18.6 in 2045-2050.
World Population Forecast 

  • The current world population of 7.6 billion is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and 11.2 billion in 2100.
  • The upward trend in population size is expected to continue with roughly 83 million people being added to the world’s population every year, even though fertility levels are assumed to continue to decline.
  • From 2017 to 2050, nine countries are expected to collectively account for more than half of the world’s projected population increase. The countries include India, Nigeria, the Democratic Republic of the Congo, Pakistan, Ethiopia, the United Republic of Tanzania, the United States of America, Uganda and Indonesia.

Awards & Honors

Sonam Kapoor's fashion label Rheson wins PETA Award 2017


  • Fashion label Rheson, owned by actress Sonam Kapoor and her producer-sister Rhea Kapoor, on 22 June 2017 won the Compassionate Business Award 2017 from the People for the Ethical Treatment of Animals (PETA) India for a line of bags made exclusively of vegan materials.
  • As per PETA, the demand for cruelty-free fashion is on the rise and at such point of time, companies like Rheson are setting trends by providing optimum quality fashion wear and accessories made of vegan materials, harming no animals.
  • Sonam was crowned as PETA's Hottest Vegetarian Celebrity of 2016.

Indian anti-hunger activist Ankit Kawatra chosen for Queen’s Young Leaders Award


  • Anti-hunger activist Ankit Kawatra is all set to receive the prestigious Queen’s Young Leaders Award with 60 others from all 53 Commonwealth countries.
  • Kawatra will be honoured by Queen Elizabeth II at a ceremony to be held in the Buckingham Palace on 29 June 2017.
  • Kawatra quit his corporate business job in 2014 and founded a not-for-profit organisation Feeding India that works towards solving problems of hunger, malnutrition and food wastage. The organisation distributes extra food from restaurants, canteens, households, corporates to help people in need.
  • The activist started working for the cause after witnessing massive amount of extra food being thrown away in a wedding.
  • At present, Feeding India works in 43 cities with 4500 volunteers and has served more than 8.5 million meals to vulnerable individuals such as children, women, old age citizens, disabled people et cetera.

Obituaries

Italian fashion legend Carla Fendi passes away


  • Italian fashion legend Carla Fendi passed away in the third week of June 2017 in Rome. She was 79.
  • Carla’s death was announced on 20 June 2017 by her family.
  • Carla, one of the five Italian sisters at the helm of the iconic Italian label, was the public face of the company famous colourful 'baguette' bags.









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