Current Affairs Update – 13-15 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 13-14-15 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 – 13 to 15 May, 2017

  1. The Department
    of Industrial Policy and Promotion under Union Ministry of Commerce and
    Industry on 12 May 2017 revised the base year of AllIndia Wholesale Price Index (WPI) from 
    2004-05 to  2011-12.
  2. The Indian Coir sector’s revenue
    from exports touched an all time high of Rs 2282 Cr by value and 9.57 Metric
    Tonnes in quantity in the 2016-17 financial year.
  3. The Mumbai
    airport, Chhatrapati Shivaji
    International
    , has become the
    world’s busiest single-runway
    airport with 837 flights a day or one flight
    in 65 seconds on an average in the 2016-17 fiscal year. The airport has even
    overtaken London’s Gatwick airport that had 757 flights a day.
  4. India & UK have agreed
    to sign a memorandum of understanding (MOU) on bilateral cooperation between
    the Indian Ministry of Road Transport and Highways and Britain’s Transport For
    London (TFL) in  urban transport policy
    planning, technology transfer and institutional organization of transport on 12
    May 2017.
  5. Prime Minister
    Narendra Modi launched the river conservation project ‘Narmada Seva Mission’ on 15 May 2017 in Madhya
    Pradesh.
  6. Union Minister
    for Health and Family Welfare J P Nadda on 13 May 2017 launched Pneumococcal Conjugate Vaccine (PCV)
    against Pneumonia under the Universal Immunization Programme (UIP).
  7. Home Minister
    Rajnath Singh inaugurated the second meeting of National Platform for Disaster Risk Reduction (NPDRR) on 15 May
    2017 in New Delhi.
  8. Tejas, the Light Combat
    Aircraft on 12 May 2017 successfully fired Derby Air-to-Air BVR missile in
    RADAR guided mode, demonstrating an Air-to-Air Beyond Visual Range (BVR)
    missile firing capability.
  9. The Uttar Pradesh government is planning to declare “no school bag
    day” on Saturdays in all the state-run schools.
  10. The International Day of Families was
    observed on 15 May 2017 with the theme “Families, education and well-being”. 

Financial News
Union Government revises Base Year of WPI to 2011-2012
from 2004-05

  • The Department
    of Industrial Policy and Promotion under Union Ministry of Commerce and
    Industry on 12 May 2017 revised the base year of All-India Wholesale Price
    Index (WPI) from  2004-05 to  2011-12.
  • The base year of
    WPI was revised in order to align it with the base year of other macroeconomic
    indicators like the Gross Domestic Product (GDP) and Index of Industrial
    Production (IIP).
Highlights of the new series of Wholesale Price
Index (WPI) with base year 2011-12

  • In the revised
    series, WPI will continue to constitute three Major Groups namely  Primary 
    Articles, Fuel  &  Power 
    and  Manufactured Products.
  • Increase in
    number of items from 676 to 697.  In all,
    199 new items have been added and 146 old items have been dropped.
  • The new series
    is  more representative with increase in
    number of quotations from 5482 to 8331, an increase by 2849 quotations (52 per
    cent).
  • Prices used for
    compilation do not include indirect taxes in 
    order  to  remove 
    impact  of  fiscal policy.  This will make  the 
    new  WPI conceptually closer to
    ‘Producer Price Index’.
  • A new “WPI Food
    Index” will be compiled to capture the rate of inflation in food items.
  • Seasonality of
    fruits and vegetables has been updated to account for more months as these are
    now available for longer duration.
Indian Coir Sector’s export revenue touched all time
high in fiscal 16-17

  • The Indian Coir
    sector’s revenue from exports touched an all time high of Rs 2282 Cr by value
    and 9.57 Metric Tonnes in quantity in the 2016-17 financial year.
  • These figures
    were revealed by Union Minister for Micro Small and Micro Medium Enterprises
    Giriraj Singh on 13 May 2017 during a press conference in Kochi.
  • The minister
    stated in his speech that these figures represent a 27 per cent increase in
    value and 20 per cent increase in quantity during the 16-17 fiscal year.
  • The Minister was
    joined by the Coir Board Chairman C P Radhakrishnan.
  • The coir sector
    had fetched export revenue of Rs 1630 Cr in the financial year 2015-16 against
    Rs 1,476 Cr achieved in fiscal year 2014-15.
Mumbai airport busiest with 1 flight every 65 seconds

  • The Mumbai
    airport, Chhatrapati Shivaji International, has become the world’s busiest
    single-runway airport with 837 flights a day or one flight in 65 seconds on an average
    in the 2016-17 fiscal year.
  • The airport has
    even overtaken London’s Gatwick airport that had 757 flights a day. The city
    also tops in terms of the number of passengers with almost 45.2 million people
    flying in and out in fiscal 2017 as against 44 million at Gatwick airport.
  • No other large
    city in the world is served by one airport that too with a single-runway.
  • All the leading
    cities in the world including New York, London, Dubai, and Singapore have more
    than one airport with multiple runways.
  • The New Delhi
    airport also has in use three parallel runways at any given time.
  • In comparison,
    Mumbai works with just a single runway for both passenger and cargo aircraft
    and when it is shut for repairs, it uses the secondary runway.
  • The scarcity of
    land doesn’t restrict the flight network of the city, as it operates to about
    95 domestic and international destinations.
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India and UK to sign MoU to increase efficiency of
urban transport system

  • India & UK
    have agreed to sign a memorandum of understanding (MOU) on bilateral
    cooperation between the Indian Ministry of Road Transport and Highways and
    Britain’s Transport For London (TFL) in 
    urban transport policy planning, technology transfer and institutional
    organization of transport on 12 May 2017.
  • The decision was
    taken during the three-day official visit of Nitin Gadkari, the Minister of
    Road Transport & Highways and Shipping, to Britain.
  • The proposal
    includes exchange of information and expertise between the TFL the Ministry of
    Road Transport and Highways on the mobility and efficiency of the transport
    system and the methodologies to facilitate the planning and delivery of
    mobility solutions.
  • The mobility
    solutions include passenger information, ticketing, major project financing,
    infrastructure maintenance strategies and behavioral change and public
    transport promotion.
  • The MoU’s would
    be signed through diplomatic channels within the coming days.
News related to
India and states
PM Modi launches Narmada river conservation project in
MP

  • Prime Minister
    Narendra Modi launched the river conservation project ‘Narmada Seva Mission’ on
    15 May 2017 in Madhya Pradesh.
  • The project is a
    road-map for steps to be taken for the conservation of the Narmada River in the
    state. Speaking on the same before the launch, Modi said that the mission will surely
    have a major impact on the state’s ecology.
  • The event was
    organised at Amarkantak, in Anooppur district, the place from where the river
    originates.
  • The Prime
    Minister released a road map for the conservation of Narmada, to ensure it is
    pollution free.
  • The roadmap is a
    result of wide range of consultations with various stakeholders including river
    conservation experts, environmentalists and others directly associated with the
    river.
  • The programme
    marks the conclusion of ‘Namami Devi Narmade Sewa Yatra’, which was launched on
    11 December 2016 by Madhya Pradesh Chief Minister Shivraj Singh Chouhan at
    Amarkantak.
  • The five-month
    Narmada river conservation awareness campaign was concluded after covering a
    distance of 3,344 km and passing through over 1,100 villages and towns.
Union Government launches Pneumococcal Conjugate
Vaccine against Pneumonia

  • Union Minister
    for Health and Family Welfare J P Nadda on 13 May 2017 launched Pneumococcal
    Conjugate Vaccine (PCV) against Pneumonia under the Universal Immunization
    Programme (UIP).
  • PCV will protect
    children against severe forms of pneumococcal disease, such as pneumonia and
    meningitis. Currently, the vaccine is being rolled out to approximately 21 lakh
    children in Himachal Pradesh and in some parts of Bihar and Uttar Pradesh in
    the first phase.
  • These vaccines
    will later be introduced in Madhya Pradesh and Rajasthan in 2018 and will be
    eventually expanded across the country in a phased manner.
  • The vaccine will
    also support efforts of the state government in further bringing down the child
    mortality. To raise awareness about PCV, the ministry also unveiled the
    communication material comprising TV and radio spots, posters, banners, etc. at
    the event.
  • The Ministry
    also announced an extensive awareness campaign so that maximum number of people
    can avail these services.
Home Minister Rajnath Singh inaugurates 2nd NPDRR
meeting in Delhi

  • Home Minister
    Rajnath Singh inaugurated the second meeting of National Platform for Disaster
    Risk Reduction (NPDRR) on 15 May 2017 in New Delhi.
  • The meeting saw
    in attendance over 1000 eminent guests including Union Ministers, State
    Ministers, Heads of specialized disaster management agencies and
    representatives from private sector organizations.
  • The second
    meeting of NPDRR will be held from 15 to 16 May 2017 with the theme “Disaster
    Risk Reduction for Sustainable Development: Making India resilient by 2030”.
  • The event would
    include a Plenary Session, one session on outcomes of pre-events, four
    technical sessions on four priority areas of Sendai Framework for Disaster Risk
    Reduction, one technical session on monitoring of Sendai Framework and a
    closing cum valedictory session.
Light Combat aircraft Tejas successfully test-fires
air-to-air missile

  • Tejas, the Light
    Combat Aircraft on 12 May 2017 successfully fired Derby Air-to-Air BVR missile
    in RADAR guided mode, demonstrating an Air-to-Air Beyond Visual Range (BVR)
    missile firing capability.
  • The flawless
    launch was demonstrated with all onboard systems performing up to the mark and
    the missile scored a direct hit on the target, completely destroying it.
  • The launch was
    performed in Lock ON after Launch mode for a BVR target in the look down mode and
    the target was destroyed.
Yogi Adityanath to declare no school bag day in UP
government schools

  • The Uttar
    Pradesh government is planning to declare “no school bag day” on
    Saturdays in all the state-run schools.
  • The proposal for
    the same was submitted at a meeting chaired by Deputy Chief Minister Dinesh
    Sharma on 12 May 2017 in Lucknow.
  • The move aims to
    encourage more involvement of children in creative activities on those days.
  • It will also
    help establish a good rapport between students and teachers and help in their
    personality development.
  • Previously, the
    UP government led by Yogi Adityanath decided to do away with the khaki uniform
    worn by students of government schools.
Appointments
V K Saraswat appointed as Chancellor of JNU

  • Eminent
    scientist V K Saraswat was on 12 May 2017 appointed as the Chancellor of
    Jawaharlal Nehru University (JNU).  He
    succeeds former ISRO chairman K Kasturirangan, who completed his term on 30
    March 2017.
  • Saraswat will
    serve five years term at JNU. He is currently serving as the Member of NITI
    Aayog.
  • As the
    Chancellor of JNU, Saraswat will discharge functions such as presiding over the
    convocation ceremony for awarding degrees. Apart from being a member of the JNU
    court, he will be the competent authority to sanction leave to the
    vice-chancellor.
Sports News
Rafael Nadal beats Dominic Thiem to win 5th Madrid
Open title

  • Spain’s Rafael
    Nadal on 14 May 2017 won Madrid Open title of Tennis. In the final match at
    Madrid, the Spaniard defeated a determined Dominic Thiem of Austria in straight
    sets 7-6(8), 6-4.
  • Thiem resisted
    three championship points but Nadal seized the fourth with a drop shot to the
    back of the court to clinch his third consecutive clay-court crown, after
    winning in Monte Carlo and Barcelona in April 2017. For the 14-times Grand Slam
    Winner, it was also the 72nd tournament win of his career.
  • With this,
    Nadal, who defeated defending champion Novak Djokovic in the semi-final, also
    won his 30th ATP World Tour Masters 1000 title. His 30 World Tour Masters 1000
    titles is a tie with Serbia’s Djokovic.
Days
International Day of Families observed with theme
Families, education and well-being

  • The
    International Day of Families was observed on 15 May 2017 with the theme
    “Families, education and well-being”. The day is observed annually on 15 May to
    provide an opportunity to promote awareness of issues relating to families and
    to increase knowledge of the social, economic and demographic processes
    affecting families.
  • The year’s
    observance focuses on the role of families and family oriented policies in
    promoting the educational and overall well-being of their members. In
    particular, the Day is to raise awareness of the role of families in promoting
    early childhood education and lifelong learning opportunities for children and
    youth.
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