Current Affairs Update – 27-28 April, 2017

Hello and welcome to exampundit. Here are the important Current Affairs of 27 and 28 April, 2017. These are important for the upcoming SBI PO mains, BOB Manipal 2017, NICL AO 2017 and NIACL Assistant 2017.

Current Affairs at a Glance – 27-28 April, 2017

  1. Payments app Paytm on 27 April 2017 launched ‘Digital Gold’ on its
    platform to allow customers to buy and sell gold through electronic platform.
  2. Union Minister for Urban
    Development, Housing & Urban Poverty Alleviation M Venkaiah Naidu on 27
    April 2017 launched Micro and Small
    Enterprises Facilitation Council (MSEFC)
    portal and MyMSME Mobile App.
  3. The government of Pondicherry announced on 27 April 2017
    that the farmers in the Union Territory will be getting free power supply from
    this month for pump sets used for irrigation purpose.
  4. NITI Aayog, the think tank of the
    Union Government, on 26 April 2017 came
    up with a vision document 2031-32 that envisages a new India
    . The document
    envisages an India where every Indian will have houses with toilets,
    two-wheelers or cars, air-conditioners, power and digital connectivity in next
    15 years, that is, by 2032.
  5. The Reserve Bank of India (RBI)
    on 26 April 2017 issued draft guidelines
    on cross border merger transactions in accordance
    with the rules notified
    by Union Ministry of Corporate Affairs through Companies (Compromises,
    Arrangements and Amalgamation) Amendment Rules, 2017.
  6. Prime Minister Narendra Modi on
    27 April 2017 launched air regional connectivity scheme UDAN (Ude Desh ka Har Nagarik) during his day-long visit to Shimla.
    Under the scheme, the first UDAN flight was flagged off on Shimla-Delhi route.
  7. Uma Bharti, the Union Minister
    for Water Resources, River Development and Ganga Rejuvenation launched ‘Jal Sanrakshan Karyakram- Bundelkhand’,
    an extensive water conservation programme on 28 April 2017 at Bandri, Sagar in
    Madhya Pradesh.
  8. Bollywood actor Shah Rukh Khan on
    27 April 2017 became the first Indian actor to deliver TED speech in Vancouver,
    Canada.
  9. Sankha Ghosh, eminent Bengali poet and literary critic was honoured
    with the 52nd Jnanpith Award on 27 April 2017 by President Pranab Mukherjee in
    New Delhi.
  10. Bhubaneswar, the capital city of Odisha, on 27 April 2017 was selected for the Pierre L’Enfant
    Planning Excellence and Achievement Awards-2017
    . The city was selected for
    the award for good and advanced town planning and engaging its residents in the
    planning process. With this, Bhubaneswar became India’s first city to be
    awarded the prestigious award instituted by the American Planning Association
    (APA)
    .
  11. India’s Srishti Kaur on 26 April
    2017 was crowned Miss Teen Universe 2017.
    The event was held at the Ruben Dario National Theatre in Managua, Nicaragua.
  12. The United Nations Educational,
    Scientific and Cultural Organization (UNESCO) will screen short film ‘Azaad’ as a part of the World Press
    Freedom Day celebrations.
  13. El Salvador in April 2017 became
    the first country in the world to ban metal mining
    . The El Salvador
    unicameral legislature passed the ban with support from a sweeping coalition.
  14. World Immunization Week 2017 is being observed across the globe
    between 24 April and 30 April 2017. The theme for the 2017 World Immunization
    Week is ‘VaccinesWork.’
  15. The World Day for Safety and Health at Work 2017 was observed
    across the world on 28 April 2017 with the theme ‘Optimize the collection and use of OSH
    data’.
  16. Veteran actor Vinod Khanna passed away on 27 April
    2017 in Mumbai, Maharashtra.

Financial and Banking News –
Paytm launches Digital Gold; Consumers now buy gold on Paytm

  • Payments app Paytm on 27 April
    2017 launched ‘Digital Gold’ on its platform to allow customers to buy and sell
    gold through electronic platform.
  • This first wealth management
    product was launched in partnership with gold refiner MMTC-PAMP. It offers a
    real-time international pricing mechanism for the customers.
  • Using Paytm mobile wallets,
    consumers can purchase 24K 999.9 purity gold online and store it in MMTC—PAMP’s
    secure vaults free of charge.
  • Customers can buy and sell gold
    either by money (starting Re 1) or by weight (starting 0.1 gram).
  • Customers can even request for
    their gold to be delivered at their homes in the form of minted coins.
  • Moreover, if the consumer wants
    to sell the gold, MMTC-PAMP will buy the gold back from them and the money will
    be transferred to the user’s bank account.
  • They can pay via multiple payment
    modes such as Paytm wallet, debit/credit cards, net banking and others.
  • Consumers transacting over Rs
    20000 through Paytm, need to provide KYC details to avail the benefit of the
    gold scheme.
Union Government launches MSEFC Portal and MyMSME Mobile App

  • Union Minister for Urban
    Development, Housing & Urban Poverty Alleviation M Venkaiah Naidu on 27
    April 2017 launched Micro and Small Enterprises Facilitation Council (MSEFC)
    portal and MyMSME Mobile App.
  • Both the portals were launched as
    a part of Digital India Initiative from the perspective of the MSME Sector in
    the country.
Highlights of the MSEFC Portal

  • Micro and Small Enterprises
    Facilitation Council (MSEFC) portal will facilitate implementation of delayed
    payment provisions of the MSMED Act 2006 and also assist in monitoring delayed
    payment cases.
  • With the access to this platform,
    micro and small enterprises will be able to file their delayed payment related
    grievances online.
Highlights of the MyMSME mobile app

  • MyMSME mobile app provides
    information on all schemes implemented by the Ministry of MSME at one place
    which will do away with the practice of searching multiple windows for help or
    information.
  • With the help of app, Ministry of
    MSME will be providing one single window to MSMEs to access information on all
    schemes implemented by the Ministry and as well as apply for any of them.
Puducherry farmers to get free power

  • The government of Pondicherry
    announced on 27 April 2017 that the farmers in the Union Territory will be
    getting free power supply from this month for pump sets used for irrigation
    purpose.
  • The same was confirmed by the
    Department of Agriculture through a notification wherein it stated that the
    introduction of free power supply was in line with the assurance given by the
    Agriculture Minister during the previous fiscal year’s budget session (2016-
    2017).
  • The move has, however, been
    adopted in the current fiscal year, which is 2017-2018.
  • The council of Ministers had
    approved the proposal for the free supply of electricity to small and other
    classes of farmers in the Union Territory.
  • While around 960 farmers fall in
    the small farmer category that would benefit from the scheme, almost 5911
    farmers come under the others category.
  • Overall, the scheme is expected
    to benefit around 7000 farmers.
  • The cost expected to be incurred
    by the government on the implementation of the scheme is estimated to be around
    Rs 1.95 Cr in the current fiscal year.

Advertisement


(adsbygoogle = window.adsbygoogle || []).push({});

NITI Aayog’s vision: Houses, vehicles, ACs for all by 2032

  • NITI Aayog, the think tank of the
    Union Government, on 26 April 2017 came up with a vision document 2031-32 that
    envisages a new India. The document envisages an India where every Indian will
    have houses with toilets, two-wheelers or cars, air-conditioners, power and
    digital connectivity in next 15 years, that is, by 2032.
  • The glimpse of the Vision 2031-32
    was presented by NITI Aayog’s Vice-Chairperson Arvind Panagariya at the body’s
    governing council chaired by Prime Minister Narendra Modi. The India 2031-32:
    Vision, Strategy and Action Agenda also visualises a fully literate society
    with universal access to health care.
  • It talks about an India with
    modern and larger network of railways, roads, air connectivity and waterways.
    It talks about a clean India where every citizen will have an access to quality
    water and air.
  • It says that the per capita
    income would go up by three fold to Rs 3.14 lakh in 2031-32 from Rs 1.06 lakh
    in 2015-16.
  • It also talks about India where
    the gross domestic product or whose economy would rise from Rs 137 lakh crore
    level in 2015-16 to Rs 469 lakh crore in 2031-32.
  • It also increases the central and
    state expenditure from Rs 38 lakh crore in 2015-16 to Rs 130 lakh crore in
    2031-32, which is a rise of Rs 92 lakh crore.
RBI issues draft guidelines for Cross Border Mergers & Acquisitions

  • The Reserve Bank of India (RBI)
    on 26 April 2017 issued draft guidelines on cross border merger transactions in
    accordance with the rules notified by Union Ministry of Corporate Affairs
    through Companies (Compromises, Arrangements and Amalgamation) Amendment Rules,
    2017.
  • RBI proposed these Regulations
    under the Foreign Exchange Management Act, 1999 (FEMA).
Highlights of the draft guidelines for Mergers & Acquisition

  • The draft regulations will be
    known as ‘Foreign Exchange Management (Cross Border Merger) Regulations’.
  • These guidelines are aimed at
    addressing the issues that may arise when an Indian company and a foreign
    company enter into scheme of merger, demerger, amalgamation, or rearrangement.
  • These Regulations stipulate
    conditions that should be adhered to by the companies involved in the Scheme.
  • The regulation makes reporting of
    any cross-border activity mandatory within 180 days from the date of sanction.
PM Narendra Modi launches UDAN scheme, flags off first UDAN flight on
Shimla-Delhi route

  • Prime Minister Narendra Modi on
    27 April 2017 launched air regional connectivity scheme UDAN (Ude Desh ka Har
    Nagarik) during his day-long visit to Shimla. Under the scheme, the first UDAN
    flight was flagged off on Shimla-Delhi route.
  • Simultaneously, PM Narendra Modi
    also launched the inaugural UDAN flights on Kadapa – Hyderabad and Nanded –
    Hyderabad routes.
  • Prior to the launch of this UDAN
    flight, Kingfisher was the only airline that operated regular flights between
    Delhi and Shimla till September 2012.
Highlights of the UDAN flight on Delhi -Shimla route

  • This UDAN flight will be a
    regular flight, which will operate five days in a week.
  • The flight will depart at 6.10
    a.m. from Delhi and will arrive Shimla at 7.25 a.m. On the same day itself, the
    flight will depart at 7.45 a.m. from Shimla and will return to Delhi at 8.45
    a.m.
  • The airfare for this 1-hour
    journey of around 500 km or the airfare for 30 minute journey on a helicopter
    will be capped at Rs 2500.
Highlights of the UDAN Scheme

  • The UDAN Scheme is a key
    component of the National Civil Aviation Policy (NCAP) which was launched in
    June 2016.
  • UDAN is a first-of-its-kind
    scheme which aims to stimulate regional connectivity through a market-based
    mechanism.
  • Under the scheme, 24 airports in
    the western region, 17 in the northern region, 11 in the southern region, 12 in
    east and six in north-eastern parts of the country will be connected under this
    scheme.
  • The government will also connect
    45 unserved and under-served airports with the scheme.
News related to India and states –
Uma Bharti has launched Water Conservation Programme for Bundelkhand

  • Uma Bharti, the Union Minister
    for Water Resources, River Development and Ganga Rejuvenation launched ‘Jal
    Sanrakshan Karyakram- Bundelkhand’, an extensive water conservation programme on
    28 April 2017 at Bandri, Sagar in Madhya Pradesh.
  • The program aims to focus on the
    drought-prone areas of Bundelkhand, Kalahandi, Bolangir, Marathwada and Koraput
    in Odisha.
  • The minister had revealed earlier
    while making the announcement in New Delhi that her Ministry has prepared a
    master plan for the artificial discharge of ground water in the Bundelkhand
    region.
  • The Water Resources Ministry has
    identified around 1100 percolation tanks, 14000 small check dams or Nala bunds
    and 7200 Recharge pits/shafts in Bundelkhand.
  • It has also proposed the
    construction of 234 wells in five districts of Bundelkhand in UP including
    Hamirpur, Jalaun, Banda, Mahoba and Chitrakoot and 259 wells in six districts
    of Bundelkhand in MP, as a part of ground water exploration.
Indian Cultural centre holds seminar to strengthen ties with Egypt

  • The Maulana Azad Centre for
    Indian Culture (MACIC) in Egypt organised a seminar titled ‘Cultural Festivals
    – Bridge between India and Egypt” on 26 April 2017 to strengthen the
    bilateral relations between the two nations.
  • The seminar is a part of the
    cultural centre’s monthly seminar series that involve culture lovers,
    academicians, youth and the civil society and encourage them to discuss issues
    of bilateral interest.
  • Speaking on the occasion, India’s
    ambassador to Egypt, Sanjay Bhattacharya stated that the culture of any country
    plays an important role in deepening the bilateral relations between two
    countries.
India notifies conformity to UN resolution of imposing sanctions on
North Korea

  • India on 26 April 2017 notified
    the compliance of the United Nations (UN) resolution of imposing sanctions on
    North Korea.
  • The sanctions include prevention
    of direct or indirect supply, sale, transfer or export of all weaponry and
    related material through its territories or by its nationals to North Korea.
  • The resolution bans supply, sale
    or export of other items, materials, equipment, goods and technology which
    could contribute to nuclear- related, ballistic missile-related or other
    weapons of mass destruction-related programmes of North Korea.
  • Moreover, the resolution also
    prohibits the sale of luxury goods including jewellery, gems, yachts and luxury
    automobiles like racing cars that could directly contribute to the development
    of North Korea’s operational capabilities of its armed forces.
India successfully test-fires Agni-III ballistic missile

  • India on 27 April 2017
    successfully test-fired 3000 kilometre range Agni-III ballistic missile from
    Abdul Kalam Island off Odisha coast. The test was aimed at re-establishing the
    operational effectiveness of the weapon system.
  • The test was carried by the Strategic
    Forces Command with logistics support from Defence Research Development
    Organisation (DRDO).
  • Agni-III’s first user successful
    trial was carried out on 21 September 2012.
Awards & Honors –
Shah Rukh Khan becomes first Indian actor to deliver Ted Talk

  • Bollywood actor Shah Rukh Khan on
    27 April 2017 became the first Indian actor to deliver TED speech in Vancouver,
    Canada.
  • He spoke out on various issues
    beginning from his stardom to the changes world has experienced with the
    introduction of the internet. He left the audience in splits with his witty
    one-liners.
  • Moreover, Shah Rukh Khan also
    partnered with TED to host the Hindi version of the famous talk show.
  • A successful actor, businessman
    and a philanthropist, Khan is also a brilliant speaker. Shah Rukh has also
    delivered some motivational and inspirational speeches earlier when he was
    conferred with honorary doctorate from the University of Edinburg and
    Hyderabad’s Maulana Azad National Urdu University.
President conferred Jnanpith Award to poet Sankha Ghosh

  • Sankha Ghosh, eminent Bengali
    poet and literary critic was honoured with the 52nd Jnanpith Award on 27 April
    2017 by President Pranab Mukherjee in New Delhi.
  • Speaking on the occasion, the
    President stated that the professor, who is a recipient of Sahitya Akademi
    award and the Padma Bhushan, is the most deserving recipient of this award.
  • Pranab Mukherjee further stated
    that Ghosh’s literary works reflect a rare poetic style that encompasses not
    only a lyrical style but also a deep reflection of the social milieu. It often
    takes on the superficiality in the society and is almost akin to candid
    commentary on contemporary issues.
  • The President also expressed his
    full trust in Ghosh as a teacher of reputation and stated that the poet would
    have undoubtedly had a positive influence on the minds of his students, just as
    he enriched the minds of his readers.
Bhubaneswar becomes 1st Indian city to win Pierre L’Enfant Awards-2017

  • Bhubaneswar, the capital city of
    Odisha, on 27 April 2017 was selected for the Pierre L’Enfant Planning
    Excellence and Achievement Awards-2017. The city was selected for the award for
    good and advanced town planning and engaging its residents in the planning
    process.
  • With this, Bhubaneswar became
    India’s first city to be awarded the prestigious award instituted by the
    American Planning Association (APA).
  • Bhubaneswar will receive the APA
    award along with other four awardees on 8 May 2017. The awards will be
    conferred at an awards luncheon at the association’s National Planning
    Conference in New York.
Srishti Kaur crowned Miss Teen Universe 2017

  • ndia’s Srishti Kaur on 26 April
    2017 was crowned Miss Teen Universe 2017. The event was held at the Ruben Dario
    National Theatre in Managua, Nicaragua.
  • Kaur, who studies in London
    College of Fashion, succeeds Nieveles Gonzalez from Puerto Rico.
  • Kaur emerged victorious among 25
    other contestants from around the world in the annual beauty pageant.
  • Canada’s Samantha Pierre and Ary
    Trava from Mexico were the runners-up in the event.
  • Kaur, a resident of Noida, won
    the prize for best national costume. Xirelle Agustin from the Philippines won
    in the Teen Popularity category, while Costa Rican Nicole Obando won the award
    for Teen Charm.
World –
UNESCO to screen this Indian short film during World Press Freedom Day
celebrations

  • The United Nations Educational,
    Scientific and Cultural Organization (UNESCO) will screen short film ‘Azaad’ as
    a part of the World Press Freedom Day celebrations.
  • The event, which will celebrate
    the principle of freedom of press, will take place in Jakarta from 1 May -4 May
    2017. The event will be co-organised by the UNESCO, the Government of
    Indonesia, and the Press Council of Indonesia.
  • The theme for the 2017 World
    Press Freedom Day is “Critical Minds for Critical Times: Media’s role in
    advancing peaceful, just and inclusive societies“.
El Salvador becomes first country to ban metals mining

  • El Salvador in April 2017 became
    the first country in the world to ban metal mining. The El Salvador unicameral
    legislature passed the ban with support from a sweeping coalition. The law was
    favoured by nearly 80 percent of the El Salvadorian population.
  • The law bans “prospection,
    exploration, exploitation, extraction or processing of metallic minerals in El
    Salvador.”
  • The law entered into force after
    being signed by President Salvador Sanchez Ceren.
  • The Pacific Rim Mining
    Corporation proposed plans for a mine named El Dorado to be built in the basin
    of the Rio Lempa–El Salvador’s primary source of drinking water.
UAE’s first solar-powered gas station opens in Dubai

  • The Emirates National Oil Company
    (ENOC) on 26 April 2017 opened United Arab Emirates’ first solar-powered gas
    station.
  • The ENOC states that the
    country’s first solar-powered gas station signifies country’s increased focus
    on maintaining the highest standards of sustainability and clean energy.
  • The station goes in line with the
    great strides made by the Emirate of Dubai to turn itself into a hub for
    renewable energy as part of the Dubai 2020 Vision. The Vision plans make the
    emirate the smartest and the most sustainable in the world.
Days –
World Immunization Week 2017 observed with theme #VaccinesWork

  • World Immunization Week 2017 is
    being observed across the globe between 24 April and 30 April 2017.
  • The theme for the 2017 World
    Immunization Week is ‘VaccinesWork.’ The theme aims to raise awareness about
    the critical importance of full immunization throughout life, and its role in
    achieving the 2030 Sustainable Development Goals.
  • Highlight the importance of
    immunization as a top global health investment priority.
  • Promote understanding of the action
    steps required to achieve the Global Vaccine Action Plan.
  • Showcase immunization’s role in
    sustainable development and global health security.
  • The year 2017 marks the halfway
    point in the Global Vaccine Action Plan (GVAP). The GVAP was endorsed by 194
    Member States of the World Health Assembly in May 2012. The GVAP aims to
    prevent millions of deaths from vaccine-preventable diseases by 2020 through
    universal access to immunization.
World Day for Safety and Health
at Work observed globally

  • The World Day for Safety and
    Health at Work 2017 was observed across the world on 28 April 2017 with the
    theme ‘Optimize the collection and use of OSH data’.
  • This year, ILO’s campaign focuses
    on the critical need for countries to improve their capacity to collect and
    utilize reliable occupational safety and health (OSH) data.
  • Every day, 6300 people die as a
    result of occupational accidents or work-related diseases which means that
    there are more than 2.3 million deaths per year.
  • 317 million accidents occur on
    the job annually; many of these result in the extended absences from work.
Appointments –
Haryana Government appoints BS Sandhu as state’s DGP

  • The Haryana government on 27
    April 2017 appointed senior IPS officer Baljit Singh Sandhu as the new Director
    General of Haryana Police. The 1984 batch IPS officer would be replacing K P
    Singh, who has been appointed as the Director General of Prisons.
  • This major reshuffle is being
    seen as an effort by the Manohar Lal Khattar-led BJP government to pacify a
    section of their party’s dissident MLAs and to put a fresh face in front of the
    public. It’s a long-standing issue among a section of the ruling party MLAs
    that the state and district level officers do not spare time to address their
    problems.
Obituaries –
Veteran actor Vinod Khanna passes away

  • Veteran actor Vinod Khanna passed
    away on 27 April 2017 in Mumbai, Maharashtra. He was 70.
  • Khanna was reportedly battling
    with cancer for years.
  • He is best remembered for his
    performance in films like Mere Apne, Mera Gaon Mera Desh, Gaddaar, Jail Yatra,
    Kuchhe Dhaage, Amar Akbar Anthony, Rajput, Qurbani, Dayavan, and others.
  • He was popularly hailed as one of
    the most handsome lead actors ever in Bollywood, along with Dharmendra, Rajesh
    Khanna and Shammi Kapoor.
  • He made his debut in Bollywood in
    the year 1968. He first acted in small second lead roles or negative roles.
Tamil actor Vinu Chakravarthy passes away

  • Veteran Tamil actor and scriptwriter
    Vinu Chakravarthy passed away on 28 April 2017 following a prolonged illness in
    Chennai. He was 71. He is survived by his wife, son and a daughter.
  • He was well known for his unique
    villainous roles and trade mark pauses in dialogue delivery. Chakravarthy has
    acted in over 1000 Tamil, Telugu, Kannada, Badaga and Malayalam languages
    films.
Jonathan Demme, Oscar-winning director of The Silence of the Lambs,
dies
  • Jonathan Demme, the Oscar-winning
    director of The Silence of the Lambs, passed away on 26 April 2017. He was 73.
  • The cause of Demme’s death is
    said to be esophegal cancer.
  • He started his career into
    feature film working with film producer Roger Corman, co-writing and producing
    Angels Hard as They Come and The Hot Box.
  • He then moved on to directing
    three films for Corman’s studio New World Pictures.

Sponsored


(adsbygoogle = window.adsbygoogle || []).push({});

Regards

Team ExamPundit