Current Affairs Update – 27 June, 2017



Hello and welcome to exampundit. Here are the Important Current Affairs of 27 June, 2017. These are important for the upcoming IBPS RRB OS-I, Office Assistant, IBPS PO, Dena Bank PGDBF, NABARD Grade A Recruitment Exam 2017.

Current Affairs at a Glance – 27 June, 2017

  1. Top stock exchange NSE on Tuesday inked a pact with Andhra Pradesh government to help
    micro, small and medium enterprises (MSMEs) in the state to raise capital
    through listing on the bourse’s platform.
  2. The Union Government on 26 June
    2017 constituted a committee for preparation of final draft of National Education Policy under the
    Chairmanship of eminent Scientist Padma Vibhushan K Kasturirangan
    .
  3. India and the United States on 26 June 2017 released a Joint Statement
    (JS) titled – United States and India: Prosperity through Partnership
    . The
    JS was released after bilateral talks were held between Prime Minister Narendra
    Modi and President Donald J. Trump.
  4. India-Portugal signed 11 agreements/MoUs ranging from science and
    technology, education, anti-terrorism, climate, among others. The signed MoUs
    will help in enhancing the bilateral relationship between the two nations.
  5. China launched its first self-developed ‘next-generation’ bullet
    train ‘Fuxing’ with a maximum speed of 400kmh on 26 June 2017.
  6. Romanian President Klaus Iohannis
    on 26 June 2017 appointed Social Democrat Mihai
    Tudose as the Prime Minister and
    mandated him to form a new government.
  7. Haryana’s Manushi Chhillar on 25
    June 2017 was crowned the 54th Femina Miss India World 2017. The event was held
    at Yash Raj Studios in Mumbai, Maharashtra.
  8. Former Indian hockey captain, Dhanraj Pillay would be conferred East Bengal football club’s highest
    honour – Bharat Gaurav -at its foundation day ceremony on 1 August 2017.
  9. Two Indians from Maharashtra, Srinivas Gokulnath and Amit Samarth created history on 25 June 2017
    by becoming the first from the country to complete the 4900 km long Race Across
    America (RAAM) in the solo category.
  10. Kidambi Srikanth on 25
    June 2017 won the 2017 Australian Open Men’s Singles title.

Banking & Financial News
NSE, Andhra Pradesh govt sign MoU to fuel growth of MSMEs

  • Top stock exchange NSE on Tuesday
    inked a pact with Andhra Pradesh government to help micro, small and medium
    enterprises (MSMEs) in the state to raise capital through listing on the
    bourse’s platform.
  • As per the memorandum of
    understanding (MoU), the Andhra Pradesh government would facilitate MSMEs to
    get listed on NSE Emerge, the platform for small and medium enterprises, by
    supporting such firms financially or otherwise, in bearing the expenses related
    to listing.
  • “A fund is also being
    created by the Andhra Pradesh government to encourage investors to invest in
    the fast-growing SMEs in the state, on the exchange platform,” NSE said in
    a statement.
  • The MoU was signed between Andhra
    Pradesh government’s industries, commerce & export promotion Commissioner
    Siddhartha Jain and NSE’s Chief Business Development Officer Ravi Varanasi, at
    Vijaywada in Andhra Pradesh.
  • The pact was signed on the
    occasion of the International Day for MSMEs being celebrated on Tuesday.
  • The NSE will be hand-holding
    small and medium through the process of listing, thereby facilitating capacity
    building for the MSMEs, the exchange said.
News related to India and states
Union Government constitutes K Kasturirangan Committee to prepare
National Education Policy

  • The Union Government on 26 June
    2017 constituted a committee for preparation of final draft of National
    Education Policy under the Chairmanship of eminent Scientist Padma Vibhushan K
    Kasturirangan.
  • The other members of the panel
    include chosen experts and educationists including former IAS officer KJ
    Alphonse Kanamthanam, who was instrumental in achieving 100 per cent literacy
    rate in Kottayam and Ernakulam districts of Kerala.
The other members of the committee are:

  • Vasudha Kamat: A prominent
    academician from the field of education technology who has contributed
    extensively towards school education. She was also Vice-Chancellor of SNDT
    University Mumbai.
  • Manjul Bhargava: A Professor of
    Mathematics in Princeton University USA. He was awarded field medal in
    mathematics at a quite young age for his contributions to Gauss number theory.
  • Ram Shankar Kureel: He is the
    Vice chancellor of Baba Saheb Ambedkar University of Social Sciences Mhau,
    Madhya Pradesh. He has published various national and international papers on
    inclusion of the marginalized in mainstream education and development.
  • TV Kattimani: He is Vice
    Chancellor of Tribal University, Amarkantak. He is from the field of language
    education and mass communication.
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The United States and India released a joint statement: Prosperity
through Partnership

  • India and the United States on 26
    June 2017 released a Joint Statement (JS) titled – United States and India:
    Prosperity through Partnership. The JS was released after bilateral talks were
    held between Prime Minister Narendra Modi and President Donald J. Trump.
  • Prime Minister was in the United
    States from 25 to 26 June 2017. During this visit, President Donald J. Trump
    hosted Prime Minister Narendra Modi at the White House on June 26 for an
    official visit to Washington, D.C.
  • This was Modi’s first US visit
    since Donald became the President of the nation.
  • Aim of the Visit: The visit that
    marks 70 years of diplomatic relations between India and the United States was
    planned to expand and deepen the strategic partnership between the two nations.
    It also aims to advance common objectives.
  • Common objectives include
    combatting terrorist threats, promoting stability across the Indo-Pacific
    region, increasing free and fair trade, and strengthening energy linkages.
  • The leaders announced an
    increased cooperation to prevent terrorist travel and to disrupt global
    recruitment efforts by expanding intelligence-sharing and operational-level
    counterterrorism cooperation.
  • They welcomed the commencement of
    the exchange of information on known and suspected terrorists for travel
    screening.
  • They further resolved to
    strengthen information exchange on plans, movements and linkages of terrorist
    groups and their leaders, as well as on raising and moving of funds by terrorist
    groups.
  • The leaders also affirmed their
    support for a U.N. Comprehensive Convention on International Terrorism that
    will advance and strengthen the framework for global cooperation and reinforce
    the message that no cause or grievance justifies terrorism.
  • The United States has offered for
    India’s consideration the sale of Sea Guardian Unmanned Aerial Systems, which
    would enhance India’s capabilities and promote shared security interests.
  • Resolving to expand their
    maritime security cooperation, the leaders announced their intention to build
    on the implementation of their “White Shipping” data sharing arrangement,
    which enhances collaboration on maritime domain awareness.
  • President Trump also welcomed
    Prime Minister Modi’s strong support for the United States to join as an
    Observer in the Indian Ocean Naval Symposium.
  • Noting the importance of the
    upcoming MALABAR naval exercise, the leaders determined to expand their
    engagements on shared maritime objectives and to explore new exercises.
India-Portugal signed 11 agreements during PM Modi’s visit

  • India-Portugal signed 11
    agreements/MoUs ranging from science and technology, education, anti-terrorism,
    climate, among others. The signed MoUs will help in enhancing the bilateral
    relationship between the two nations.
  • In addition, the two nations also
    announced a four million euros joint fund to bolster research in science and
    technology. The fund was announced after in-depth talks between PM Modi and his
    Portuguese counterpart António Costa on cooperation in areas like
    counter-terrorism, space, climate studies and start-ups.
  • The MoUs were signed during Prime
    Minister Narendra Modi’s visit to Portugal on 24 June 2017. Modi is the first
    Indian prime minister in Portugal on a bilateral visit. At the time of signing
    of these 11 MoUs, PM Modi was on a three-nation tour, namely Portugal, the US
    and the Netherlands.
Highlights of the MoUs

  1. India-Portugal Space Alliance –
    ISRO and Portuguese Foundation for Science & Technology (FCT)
  2. Protocol amending the Double
    Taxation Avoidance Agreement for the avoidance of double taxation and the
    prevention of fiscal evasion with respect to taxes on income – Government of
    the Republic of India and the Government of the Portuguese Republic
  3. MoU on Nano Technology – Jawaharlal
    Nehru Centre for Advanced Scientific Research and the International Irebian
    Nanotechnology Laboratory, Portugal
  4. MoU on Public Administration and
    Governance Reforms – DOPT and the Ministry of the Presidency and Administrative
    Modernization of Portugal
  5. MoU on Cultural Cooperation
    –  Ministries of Culture
  6. MoU on Youth and Sports between –
    Ministry of Youth Affairs and Sports and the Ministry of Education of Portugal
  7. MoU on Cooperation in the fields
    of Higher Education and Scientific Research – The Portuguese Foundation for
    Science and Technology and the Indian Institute of Technology Gandhinagar, the
    Indian Institute of Technology Madras, the Indian Institute of Technology
    Roorkee
  8. MoU Between Agência para o
    Investimento e Comércio Externo de Portugal, E.P.E. (Aicep Portugal Global –
    Trade & Investment Agency) and PIBHub – Portugal India Business Hub
  9. Memorandum of Understanding
    between Portugal India Business Hub & Reira Group/Goa Desk
  10. MoU on Biotechnology – University
    of Minho through its 3B’s Research Group, Portugal, and NCBS and in STEM,
    Bangalore, India
  11. Memorandum of Understanding
    between Portugal India Business Hub & Indian Chamber of Commerce – PIBHub
    and Indian Chamber of Commerce
World News
China’s fastest bullet train makes its debut run

  • China launched its first
    self-developed ‘next-generation’ bullet train ‘Fuxing’ with a maximum speed of
    400kmh on 26 June 2017.
  • The train was launched on one of
    the country’s busiest lines -Beijing-Shanghai line. With the launch, Beijing
    aims to capture global high-speed rail market.
  • The first run happened
    simultaneously from two stations-Beijing and Shanghai.
  • While a CR400AF model train was
    flagged off from Beijing South Railway Station towards Shanghai, a CR400BF
    model left Shanghai Hongqiao Railway Station for Beijing.
  • The model train on the way to
    Shanghai took about five hours and 45 minutes to reach its destination.
  • On the way, the train stopped at
    10 stations, including Jinan, Shandong province and Tianjin.
  • The Beijing-Shanghai line sees a
    footfall of around 50 5000 passengers daily.
  • Also, China has the world’s
    longest railway network with 22,000 kilometres by the end of last year, about 60
    percent of the world’s total.
US declares Pakistan-based Hizbul chief Syed Salahuddin as global
terrorist

  • The United States (US) Department
    of State on 26 June 2017 declared Syed Salahuddin, Chief of the terrorist group
    Hizbul Mujahideen, as a Specially Designated Global Terrorist. The declaration
    came a few hours before Prime Minister Narendra Modi’s meeting with President
    Donald Trump.
  • The outfits that Syed Salahuddin
    leads have perpetuated cross border terrorism against India including in
    Kashmir from the territory of Pakistan and Pakistan-occupied Kashmir for a
    number of years. Salahuddin has been operating out of Pakistan-occupied
    Kashmir.
  • This declaration will prohibit US
    nationals from engaging in transactions with Salahuddin. Also, all of
    Salahuddin’s property and interests in property subject to United States
    jurisdiction are blocked.
Appointments
Romanian President appoints Mihai Tudose as Prime Minister

  • Romanian President Klaus Iohannis
    on 26 June 2017 appointed Social Democrat Mihai Tudose as the Prime Minister
    and mandated him to form a new government.
  • Tudose was officially validated
    as proposal for the Prime Minister office by the National Executive Committee
    convention of the main ruling Social Democratic Party (PSD).
  • Tudose now has 10 days to win
    over Romania’s parliament with a vote of confidence in his proposed cabinet and
    policy programme.
  • Tudose was one of the potential
    candidates for Prime Minister brought forward by the majority coalition led by
    the Social Democratic Party to succeed Sorin Grindeanu after the latter was
    dismissed by a motion of no confidence adopted in Parliament by his own party.
Awards & Honors
Manushi Chhillar crowned Femina Miss India World 2017

  • Haryana’s Manushi Chhillar on 25
    June 2017 was crowned the 54th Femina Miss India World 2017. The event was held
    at Yash Raj Studios in Mumbai, Maharashtra.
  • The first runner-up of the
    contest is Sana Dua from Jammu and Kashmir and the second runner-up is Priyanka
    Kumari from Bihar.
  • Chhillar was crowned by the
    outgoing Miss India Priyadarshini Chatterjee.
Dhanraj Pillay to get East Bengal football club’s highest honour

  • Former Indian hockey captain,
    Dhanraj Pillay would be conferred East Bengal football club’s highest honour –
    Bharat Gaurav -at its foundation day ceremony on 1 August 2017.
  • Speaking on the occasion, club
    secretary Kalyan Majumdar stated that Pillay’s contribution to Indian hockey is
    immense and that the club is honoured and humbled that he has accepted their
    request and will be present for the Foundation Day.
Sports News
Srinivas Gokulnath becomes 1st Indian to finish Race Across America in
solo category

  • Two Indians from Maharashtra,
    Srinivas Gokulnath and Amit Samarth created history on 25 June 2017 by becoming
    the first from the country to complete the 4900 km long Race Across America
    (RAAM) in the solo category.
  • RAAM is considered as one of the
    most esteemed ultra-endurance cycling events in the world. While 36-year-old
    Gokulnath finished the distance of 4941kms in 11 days and 18 hours, Samarth
    took 11 days and 21 hours to finish the race.
  • Featuring among the only nine men
    who finished the tough cycling race, Gokulnath stood 7th followed by Samarth in
    the 8th position.
  • The race had another Indian
    participant, Samim Rizvi, who withdrew from it after 500 miles.
  • The riders were expected to
    finish the distance in 288 hours. The winner of the race was Christoph
    Strasser.
  • Team Sahyadri Cyclists, from
    Gokulnath’s hometown of Nashik, completed the race in the 4-men category in
    eight days and 10 hrs.               
Kidambi Srikanth beats Chen Long to win 2017 Australian Open

  • Kidambi Srikanth on 25 June 2017
    won the 2017 Australian Open Men’s Singles title.
  • Srikanth defeated Olympic
    champion Chen Long 22-20, 21-16 to clinch the Sydney crown.
  • On the other hand, Japan’s Nozomi
    Okuhara won the Women’s Singles title.
Obituaries
Desh Bandhu Gupta, founder of pharma giant-Lupin passes away

  • Desh Bandhu Gupta, founder and
    Chairman of Lupin, India’s second-largest pharmaceutical company passed away on
    26 June 2017 in Mumbai. He was 79.
  • Gupta had not been keeping well
    for some time and was not actively involved in the business for a few years. He
    is survived by his wife and five children.
  • Speaking on their father’s
    demise, Vinita Gupta and Nilesh Gupta, CEO and MD of Lupin said in a joint
    statement, “We are deeply saddened with the demise of our father. What DBG
    (Desh Bandhu Gupta) put in motion 50 years ago in helping to create, innovate
    and lead in the pharmaceutical space is an unparalleled legacy.”
  • The statement further added,
    “Those who knew and worked with DBG, remember him giving generously and
    fostering a dynamic environment where people could learn and grow. We will
    continue to build on his legacy and live by the values he instilled.”

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