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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Regards

Team ExamPundit