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 IndiaIndonesia 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 Jaein 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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