Current Affairs Update – 24 to 26 June, 2017 - Exam Pundit - IBPS PO | Clerk | SBI PO | Insurance Exams | SSC Exams | Current Affairs

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Monday, June 26, 2017

Current Affairs Update – 24 to 26 June, 2017



Hello and welcome to exampundit. Here are the important Current Affairs update of 24 to 26 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 - 24 to 26, 2017
  1. Reserve Bank of India has widened the scope of its banking ombudsman platform for addressing mis-sell of third party products, and customer grievances on and mobile banking and electronic banking issues, recognising customers' plight in dealing with such troubles.  The new rule will be effective from July 1, and the banking ombudsmen will enjoy more power in their pecuniary jurisdiction.
  2. Piyush Goyal, the Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines launched a weather portal for Power sector on 23 June 2017 that will help all the electricity distribution companies of India in managing power distribution.
  3. Maharashtra Forest Minister, Sudhir Mungantiwar announced on 23 June 2017 that the government plans to launch a mobile app named ‘My Plant’ on 1 July 2017.
  4. The 2017 International Day against Drug Abuse and Illicit Trafficking was observed on 26 June 2017. The day was observed with the theme Listen First - Listening to children and youth is the first step to help them grow healthy and safe.
  5. The 2017 Day of the Seafarer (DotS) was observed on 25 June 2017 by the International Maritime Organisation (IMO) with the theme 'Seafarers Matter'.
  6. The West Bengal Government's Kanyashree Prakalpa on 23 June 2017 was awarded the first prize in United Nations Public Service Award for Asia Pacific. The award was presented at The Hague, Netherlands.
  7. The UNESCO’s World Heritage Centre on 23 June 2017 released the first global scientific assessment of climate change impacts on World Heritage coral reefs. The social, cultural and economic value of coral reefs is estimated at USD 1 trillion. Recent projections indicate that climate-related loss of reef ecosystem services will total USD 500 billion per year or more by 2100, with the greatest impacts felt by people who rely on reefs for day-to-day subsistence.






Banking & Financial News

Now mobile banking complaints under ombudsman: RBI


  • Reserve Bank of India has widened the scope of its banking ombudsman platform for addressing mis-sell of third party products, and customer grievances on and mobile banking and electronic banking issues, recognising customers' plight in dealing with such troubles.
  • The new rule will be effective from July 1, and the banking ombudsmen will enjoy more power in their pecuniary jurisdiction.
  • Banking ombudsman is a quasi judicial authority, created to resolve customer complaints against banks relating to certain services provided by them.
  • Banks sell third party insurance or mutual funds to earn a fee but they were so far not liable to address customer grievances. Now the the deficiencies arising out of sale of insurance, mutual fund other third party investment products will be looked into.
  • RBI said banking ombudsman can look into grievances related to lack of transparency in product sales, which are often recognised as mis-selling. Banks would now have to take the onus of providing after sales service on third party products.
  • RBI has also simplified the process of making complaints.
  • Under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking and electronic banking services which are important means for digital banking.
  • The pecuniary jurisdiction of the banking ombudsman to pass an award has been increased from existing Rs 10 lakh to Rs 20 lakh. Ombudsman can direct banks to pay compensation up to Rs 1 lakh to the complainant for loss of time, expenses incurred as also, harassment and mental anguish suffered.

Power Minister Piyush Goyal launches portal on weather information


  • Piyush Goyal, the Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines launched a weather portal for Power sector on 23 June 2017 that will help all the electricity distribution companies of India in managing power distribution.
  • The Ministry launched the portal in association with the Power System Operation Corporation Limited (POSOCO) and the India Meteorological Department (IMD) at the meeting of the Forum of Regulators in New Delhi.
The Portal provides the following information:
Regional Weather Summary : This provides Weather Outlook for the Region for the current day and upto next 7 days. Weather stations of Meteorological department have been mapped to the nearest important Power Stations in each State.
- Nowcast: It is used to forecast weather for a short period ahead, updated every 3 hours.
- Weather Forecast: It is provided for the current day and next 6 days.
- Weather Warning: Special Nowcast warning is issued for the next 3 hours.

  • Radar: It generates different displays and derived products of practical utility based on standard algorithms. These displays are updated every 10 minutes.
  • Satellite Images: INSAT 3D is being used to monitor the Weather of Indian Origin. The image is updated every 30 minutes.
  • Meteogram: The Meteogram at Web-Portal provides plots for meteorological variables such as rainfall, cloud cover, temperature, humidity, wind, speed, sea level pressure and indices for thunderstorm for 10 days with a resolution time of three hours. Each Meteogram provides information for 10 km radius.
  • Region Specific Forecast - Fog Forecast, Metar, Bay Bulletin, Coastal Area Bulletin, Cyclone, Port Warning etc.




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News related to India and states

Maharashtra Government to launch ‘My Plant’ app to create database on tree plantation


  • Maharashtra Forest Minister, Sudhir Mungantiwar announced on 23 June 2017 that the government plans to launch a mobile app named ‘My Plant’ on 1 July 2017.
  • The app would help in recording data regarding tree plantations in the state. Speaking on the occasion, Mungantiwar said that this app makes it possible to upload information of all the tasks given to the government departments in the tree plantation programme including the name of the tree species being planted and the status.
  • The Forest Department has set a target of planting four crore saplings through public participation between 1 and 7 July 1.
  • Many social and voluntary organisations, industry and trade representatives also plant trees on a large scale.
  • After downloading the app, the people or organisations would be able to feed in the data about the number of saplings they have planted with the Forest Department.
  • The details of the plantation including the number, the species and other details would help in creating a database of trees.
  • Information on the app will be automatically recorded on the department’s website.
  • Further, the Forest Minister has also asked his department officials to prepare a database of the tree plantation drive, which would assist them in achieving their mission of planting 13 Cr trees in 2018.


Days

International Day against Drug Abuse and Illicit Trafficking 2017 observed


  • The 2017 International Day against Drug Abuse and Illicit Trafficking was observed on 26 June 2017. The day was observed with the theme Listen First - Listening to children and youth is the first step to help them grow healthy and safe.
  • The theme for the year is an initiative to increase support for prevention of drug use that is based on science and is thus an effective investment in the well-being of children and youth, their families and their communities.
  • On 7 December 1987, the United Nations general Assembly (UNGA) via resolution 42/112 decided to observe 26 June as the International Day against Drug Abuse and Illicit Trafficking.
  • It was decided to observe the day as an expression of its determination to strengthen action and cooperation to achieve the goal of an international society free of drug abuse.
  • This resolution recommended further action with regard to the report and conclusions of the 1987 International Conference on Drug Abuse and Illicit Trafficking.

Day of the Seafarer 2017 observed by IMO


  • The 2017 Day of the Seafarer (DotS) was observed on 25 June 2017 by the International Maritime Organisation (IMO) with the theme 'Seafarers Matter'.
  • This year's theme aims to particularly engage ports and seafarer centres to demonstrate how much seafarers matter to them. The idea is for ports and seafarer centres to share and showcase best practices in seafarer support and welfare, and organise special activities for seafarers on the day.

Awards

Bengal's Kanyashree initiative wins United Nations Public Service Award


  • The West Bengal Government's Kanyashree Prakalpa on 23 June 2017 was awarded the first prize in United Nations Public Service Award for Asia Pacific.
  • Out of 552 initiatives from 62 different countries, West Bengal Government's initiative was chosen the best.
  • The award was presented at The Hague, Netherlands.
  • Kanyashree Prakalpa is a targeted conditional cash transfer scheme aimed at retaining girls in schools and other educational and skill development institutions and preventing child marriage.
  • The scheme has already enrolled more than four million adolescent girls and the State Government has till date transferred about USD 500 million directly to the beneficiaries' bank account.
  • The scheme is being implemented through 16000 institutes and schools.

World News

World Heritage coral reefs likely to disappear by 2100 unless CO2 emissions drastically reduce: UNESCO


  • The UNESCO’s World Heritage Centre on 23 June 2017 released the first global scientific assessment of climate change impacts on World Heritage coral reefs.
  • As per the assessment, soaring ocean temperatures in the past three years have subjected 21 of 29 World Heritage reefs to severe and/or repeated heat stress, and caused some of the worst bleaching ever observed at iconic sites like the Great Barrier Reef in Australia, Papahānaumokuākea in USA, the Lagoons of New Caledonia in France and Aldabra Atoll in Seychelles.
  • The assessment was developed with satellite data from the United States National Ocean and Atmospheric Administration’s (NOAA) Coral Reef Watch and received the support from the French Agency for Biodiversity (Agency Française pour la Biodiversité).
  • The analysis predicts that all 29 coral-containing World Heritage sites would cease to exist as functioning coral reef ecosystems by the end of this century under a business-as-usual emissions scenario.
  • The 29 globally significant coral reefs on UNESCO’s World Heritage List are facing existential threats, and their loss would be devastating ecologically and economically.
  • The social, cultural and economic value of coral reefs is estimated at USD 1 trillion. Recent projections indicate that climate-related loss of reef ecosystem services will total USD 500 billion per year or more by 2100, with the greatest impacts felt by people who rely on reefs for day-to-day subsistence.










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