Current Affairs Update – 26 May, 2017

Hello and welcome to exampundit. Here are the important Current Affairs update of 26 May, 2017. These are important for the upcoming SBI PO Mains, Dena Bank PGDBF, NICL AO Mains and other exams in 2017 July and August.

Current Affairs at a Glance – 26 May, 2017

  1. The Union Government on 25 May
    2017 introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for
    benefits under the Startup India Action Plan
    .
  2. The Union Ministry of Environment
    and Forests on 23 May 2017 came up with new regulations that ban the sale of all kinds of cattle for slaughter across India.
  3. The Chief Minister of
    Uttarakhand, Trivendra Singh Rawat launched a campaign on water harvesting and
    conservation on the occasion of Water
    Day on 25 May 20
    17 in the state’s capital, Dehradun.
  4. Prime Minister Narendra Modi on
    26 May 2017 inaugurated India’s longest river bridge- the Dhola- Sadiya Bridge in Assam.  This three lane 9.15 kilometre bridge has been
    built over river Lohit, a tributary of the Brahmaputra, that links Dhola to
    Sadiya in Assam. The bridge is also known as Bhupen-Hazarika Setu.
  5. Uttar Pradesh (UP) Chief Minister
    Yogi Adityanath on 25 May 2017 launched a
    massive immunisation drive in 38 districts of the state to eradicate Japanese
    Encephalitis (JE)
    .
  6. Senior bureaucrat Anurag Tripathy was on 25 May 2017 appointed as the Secretary of the
    Central Board of Secondary Education (CBSE
  7. The United States Senate has
    confirmed the nomination of Indian-American Judge, Amul Thapar to a key
    judicial position in the powerful US Circuit Court of Appeals.
  8. Manchester United on 24
    May 2017 won their first ever UEFA Europa League title. The team defeated Ajax
    0-2 to clinch the 2016–17 UEFA Europa League title.
  9. Munnar, the much-popular hill station in Kerala has won the award
    for ‘Best Destination for Romance’ at the Lonely Planet Magazine Indian Travel
    Awards 2017.

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Banking & Financial News
Government tweaked Startup definition, benefits to now flow for 7 years

  • The Union Government on 25 May
    2017 introduced minor changes to the startup definition, saying a business not
    older than seven years will now qualify for benefits under the Startup India
    Action Plan.
  • Earlier, companies which were not
    older than five years from the date of incorporation were eligible for
    concessions under the plan, which was announced in 2016.
  • New Definition: Under the new
    definition, an entity shall be considered as a startup if its turnover is less
    than Rs 25 crore – which remains unchanged – and has not completed seven years
    from the date of its incorporation/registration. However, in the case of
    startups in the biotechnology sector, the period shall be up to 10 years.
  • It also said that an entity shall
    be considered as a start-up if it is working towards innovation, development or
    improvement of products or processes or services. It will also be called a
    startup if it is a scalable business model with a high potential of employment
    generation or wealth creation.
  • The Start-up India initiative was
    announced by Prime Minister Narendra Modi in his Independence Day speech on 15
    August 2015. The initiative was announced with an aim to foster
    entrepreneurship and promote innovation by creating an ecosystem that is
    conducive for the growth of Startups.
News related to India and states
Union Environment Ministry bans sale of cattle for slaughter

  • The Union Ministry of Environment
    and Forests on 23 May 2017 came up with new regulations that ban the sale of
    all kinds of cattle for slaughter across India.
  • The rules were issued under the
    Prevention of Cruelty to Animals Act, 1960. It requires anyone purchasing
    cattle to provide an undertaking that the animals are bought for agricultural
    purposes and not slaughter.
  • The definition of cattle includes
    bulls, bullocks, cows, buffalos, steers, heifers, calves and camels.
  • The new rules will be implemented
    in the next three months.
Uttarakhand CM launches water conservation campaign

  • The Chief Minister of
    Uttarakhand, Trivendra Singh Rawat launched a campaign on water harvesting and
    conservation on the occasion of Water Day on 25 May 2017 in the state’s capital,
    Dehradun.
  • The Minister flagged off two
    mechanised rath, one each for Kumaon and Garhwal regions.The vans would be
    using audio material and related literature to broadcast information on water
    conservation and spread awareness in the two regions.
  • The Minister stressed that the
    objective of the campaign cannot be achieved without the participation of the
    common people.
PM Narendra Modi inaugurates India’s longest bridge Dhola-Sadiya in
Assam

  • Prime Minister Narendra Modi on
    26 May 2017 inaugurated India’s longest river bridge- the Dhola- Sadiya Bridge
    in Assam.
  • This three lane 9.15 kilometre
    bridge has been built over river Lohit, a tributary of the Brahmaputra, that links
    Dhola to Sadiya in Assam.
Highlights of the Dhola-Sadiya bridge

  • The total length of the
    Dhola-Sadiya Bridge project, including the approach roads on each side, is
    28.50 km. The length of the bridge itself is 9.15 Km.
  • It was constructed on BOT Annuity
    basis at a total cost of Rs 2056 crore, as a part of the Arunachal Package of
    Roads and Highways.
  • It will ensure 24X7 connectivity
    between upper Assam and Eastern part of Arunachal Pradesh.
  • The bridge will reduce the
    distance from Rupai on NH- 37 in Assam to Meka/Roing on NH-52 in Arunachal
    Pradesh by 165 KM.
  • The travel time between the two
    places will come down from the current six hours to just one hour. This will
    result in saving of petrol and diesel worth Rs 10 Lakh per day.
  • It will provide efficient road
    connectivity to remote and backward areas which have poor road infrastructure.
  • This bridge will also give a
    major boost to overall economic development of the areas north of Brahmaputra
    in upper Assam and Arunachal Pradesh.
UP CM Yogi Adityanath launches JE vaccination drive in 38 districts of
UP

  • Uttar Pradesh (UP) Chief Minister
    Yogi Adityanath on 25 May 2017 launched a massive immunisation drive in 38
    districts of the state to eradicate Japanese Encephalitis (JE).
  • This anti-encephalitis drive was
    launched from Kushinagar district.
Highlights of the anti-encephalitis drive

  • This government has fixed the
    target of immunisation of above 88 lakh 55 thousand children in the age group
    of 1 to 15 years during the drive in the targeted districts.
  • The government has also involved
    all the voluntary and social organisations in these JE prone districts.
  • CM Yogi also launched a toll free
    number to get or provide any information about encephalitis. The number is
    18001805544.
  • The drive will be continued till
    11 June 2017.
Appointments
Anurag Tripathy appointed as Secretary of CBSE

  • Senior bureaucrat Anurag Tripathy
    was on 25 May 2017 appointed as the Secretary of the Central Board of Secondary
    Education (CBSE). Tripathy will serve the post for a period of five years.
  • Tripathy is a 1998 batch officer
    of Indian Railway personnel Service (IRPS).
US Senate confirms Indian-American, Amul Thapar to key judicial post

  • The United States Senate has
    confirmed the nomination of Indian-American Judge, Amul Thapar to a key
    judicial position in the powerful US Circuit Court of Appeals.
  • Thapar, who was nominated by US
    President Donald Trump for the 6th US Circuit Court of Appeals, was confirmed
    by the Senate in a 52-44 vote that took place on the party lines.
  • Speaking on the occasion, US
    Senate Majority Leader Mitch McConnell stated that Judge Thapar would make an
    outstanding addition to the US Appeals Court for the Sixth Circuit. McConnell
    further added that the Indian-American has a reputation of a qualified judge
    with an impressive legal mind and will fairly apply the law to all those who
    enter his courtroom.
Sports
Manchester United beat Ajax to claim 2016–17 UEFA Europa League title

  • Manchester United on 24 May 2017
    won their first ever UEFA Europa League title. The team defeated Ajax 0-2 to
    clinch the 2016–17 UEFA Europa League title.
  • It is the second major trophy of
    the season for the Manchester United. Their first win for the season was the
    2016-17 EFL Cup.
Awards & Honors
Kerala’s Munnar adjudged ‘Best Destination for Romance’
  • Munnar, the much-popular hill
    station in Kerala has won the award for ‘Best Destination for Romance’ at the
    Lonely Planet Magazine Indian Travel Awards 2017.
  • The award was conferred by
    Bollywood actress Diana Penty to P Bala Kiran, Director of Kerala Tourism at
    the sixth edition of the event, which was conducted in Mumbai recently.
  • Speaking on the occasion, Bala
    Kiran stated that such awards only inspire other travel enthusiasts to visit
    and experience unexplored destinations. He added saying that Kerala, which is
    considered as India’s greenest state, has witnessed a constant growth in
    domestic as well as international tourists since 2011.
  • In numbers, the foreign and
    domestic tourist arrivals in the state has risen by 6.23 percent and 5.67
    percent respectively in comparison to 2016.

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