Current Affairs Update – 28 February, 2017

Hello and welcome to exampundit. Here are the Important Current Affairs Update of 28th February, 2017. These are important for the upcoming SBI PO Mains, NIACL Assistant Mains as well as other insurance and bank exams.

Current Affairs at a Glance – 28 February, 2017 – Click/Tap to show
  1. The Reserve Bank today announced setting up of the inter—disciplinary standing
    committee on cyber security to review the threats inherent in the existing and
    emerging technology
    . The 11—member committee will also study adoption
    of various security standards and protocols, interface with stakeholders and
    suggest appropriate policy interventions to strengthen cyber security and resilience,
    the central bank said. Going forward, the committee headed by Meena Hemchandra,
    Executive Director, RBI, can co—opt more experts and also operate through a
    framework of sub—committees to examine specific issues, it said.
  2. Reliance Jio has announced a collaboration with networking giant Cisco to further expand Jio existing
    multi-terabit capacity with the first
    All-IP converged network in India
    .
  3. The Bharat Sanchar Nigam Ltd (BSNL) will sign a memorandum of
    understanding (MoU) with Nokia at
    MWC 2017 today. According to a report by PTI, the MoU is in the areas of 5G and
    the Internet of Things (IoT) applications. It entails strategic cooperation for
    smoother evolution and transition from 4G to 5G. It also involves join 5G
    demonstration, IoT applications, and more.
  4. Railways Minister Suresh
    Prabhakar Prabhu on 27 February 2017 flagged off the first Antyodaya clan of trains and the fourth Humsafar clan of trains
    through video conferencing
    . Sri Ganganagar – Tiruchirappalli Humsafar
    Express will pass through Krishnarajapuram, Pune and Ahmedabad. While,
    Ernakulam – Howrah Antyodaya Express will cross Salem, Katpadi and
    Visakhapatnam.
  5. India’s Civil Aviation Minister,
    Ashok Gajapathi Raju inaugurated the
    country’s first integrated heliport at Rohini
    in North Delhi on 28 February
    2017.
  6. TripAdvisor, an American travel website, in February 2017 ranked
    Radhanagar beach of the Andaman and Nicobar Islands among top 10 beaches in the
    world
    . The beach on the Havelock Island in the Andamans has secured the
    8th position in the world in TripAdvisor’s ‘World’s Travellers’ Choice
    Award-Winning Beaches’
  7. Retired IAS officer Khursheed A Ganai was appointed
    as the Chief Information Commissioner (CIC) of Jammu and Kashmir
    on 27
    February 2017. His appointment will take effect from the date he assumes charge
    of the post.
  8. Ace pistol shooter Jitu Rai staged a remarkable comeback
    to clinch the bronze medal in the 10m air pistol event for India’s fourth
    podium finish in the ongoing ISSF World Cup here today.
  9. Indian national cricket team
    captain, Virat Kohli was named the ‘Captain of the Year’ at the 10th annual ESPN
    cricinfo awards.
  10. National Science Day was observed across India on 28 February 2017.
    The year’s theme for the day is “Science and Technology for Specially
    Abled Persons”.

Financial and Banking News:
RBI sets up Meena Hemchandra panel to review cyber threats

  • The Reserve Bank today announced
    setting up of the inter—disciplinary standing committee on cyber security to
    review the threats inherent in the existing and emerging technology.
  • The 11—member committee will also
    study adoption of various security standards and protocols, interface with
    stakeholders and suggest appropriate policy interventions to strengthen cyber
    security and resilience, the central bank said.
  • Going forward, the committee
    headed by Meena Hemchandra, Executive Director, RBI, can co—opt more experts
    and also operate through a framework of sub—committees to examine specific
    issues, it said.
  • Based on the recommendations of
    the Expert Panel on Cyber Security and Information Technology Examination, the
    RBI had issued guidelines to banks in June last year mandating cyber security
    preparedness to tackle cyber risks.
  • The Statement on Developmental
    and Regulatory Policies, issued along with the sixth bi—monthly monetary policy
    statement on February 8, 2017, had proposed constitution of an
    inter—disciplinary standing committee on cyber security.

RJio joins hands with Cisco to build largest all-IP services platform

  • Reliance Jio has announced a
    collaboration with networking giant Cisco to further expand Jio existing
    multi-terabit capacity with the first All-IP converged network in India.
  • With this network, Jio will offer
    a combination of high-speed data, mobile video, VoLTE, digital commerce, media,
    cloud and payment services, Cisco said in a statement.
  • It is the first network of its
    kind globally with the fastest growth of 100 million broadband and VoLTE
    customers, reaching the milestone within six months of launch.
  • A result of co-innovation around
    product and services between the two companies, the Jio All-IP digital platform
    is built on Cisco’s Open Network Architecture and Cloud Scale Networking
    technologies featuring IP/MPLS, spanning areas, including data centre, Wi-Fi,
    security and contact centre solutions.
  • Jio has more than 300,000 km of
    fibre and built India’s largest cloud data centre to build platforms for applications
    and vertical solutions.
  • Cisco is building the simplified,
    automated and virtualised network platform of the future on industry-leading
    software, systems, silicon and services.

BSNL to sign MoU with Nokia on 5G, IoT applications

  • The Bharat Sanchar Nigam Ltd
    (BSNL) will sign a memorandum of understanding (MoU) with Nokia at MWC 2017
    today. According to a report by PTI, the MoU is in the areas of 5G and the
    Internet of Things (IoT) applications. It entails strategic cooperation for
    smoother evolution and transition from 4G to 5G. It also involves join 5G
    demonstration, IoT applications, and more.
  • The pact also involves
    collaborative workshops to define a phased strategy for network evolution and
    transformation and the implications on business, technology and operations, he
    further added. The MOU will be signed at the Mobile World Congress and it
    entails strategic cooperation for smooth network evolution and transition from
    4G to 5G, including joint 5G demonstration.

Indian Railways launches New Catering Policy 2017
  • Railways Minister Suresh
    Prabhakar Prabhu on 27 February 2017 launched New Catering Policy 2017 of the
    Indian Railways.
  • This new Catering Policy will
    delink food production and food distribution. Food will be cooked anywhere in
    the kitchens of IRCTC in a hygienic manner using mechanized system. While, food
    will be distributed using professionals from the hospitality industry.

Highlights of the New Catering Policy 2017 in Mobile Units and Base
Kitchens
  • IRCTC will manage catering
    service on all mobile units including catering services on all the trains
    started on short notice.
  • Pantry car contracts awarded by
    zonal railways will also be reassigned to IRCTC.
  • Meals for all mobile units will
    be picked up from the nominated kitchens that are owned operated and managed by
    IRCTC.
  • All four Base Kitchens under
    departmental operation of Zonal Railways and all kitchen units will be handed
    over to IRCTC on ‘as is where is basis’. 
  • Kitchen structures/ land/space
    will be handed over by Zonal Railways to IRCTC for a period of 10 years which
    can be extendable for another period of 5 years.
  • IRCTC will develop the Business
    model for the kitchens so that they can expand and enhance the service.
  • IRCTC will determine the menu of
    standard meals and A-la-carte items.
  • IRCTC may also involve Self Help
    groups for providing catering related services.

Highlights of the New Catering Policy 2017 in Static Units
  • Zonal Railways will manage the
    static units except base kitchens and kitchen units to be handed over to IRCTC.
  • IRCTC will be responsible for
    catering services in static units like food plazas, food courts and fast food
    units.
  • Allotment of all minor catering
    units at all category of stations will be done through open tender.
  • Allotment of Milk Stalls at all
    stations will be done through open tender system as against calling
    application.
  • Tenure of all static units
    (except kitchen units and food plaza) will be 5 years only. 
  • 33 per cent sub quota for women
    in allotment of each category of minor catering units at all category of
    stations has also been provided.

Non-financial news related to India and states:
Railways Ministry inaugurates Antyodaya Express and Humsafar Express

  • Railways Minister Suresh
    Prabhakar Prabhu on 27 February 2017 flagged off the first Antyodaya clan of
    trains and the fourth Humsafar clan of trains through video conferencing.
  • Sri Ganganagar – Tiruchirappalli
    Humsafar Express will pass through Krishnarajapuram, Pune and Ahmedabad. While,
    Ernakulam – Howrah Antyodaya Express will cross Salem, Katpadi and
    Visakhapatnam.

About Humsafar Express
  • This fourth Humsafar Express will
    cross the entire country from North to South.
  • Humsafar train is a fully Air Conditioned
    3 AC service having facilities like GPS based Passenger Information System and
    Passenger announcement System.
  • It also features fire and smoke
    detection and suppression system, CCTVs, comfortable seats, mobile and laptop
    charging points, integrated Braille display, Fire retardant curtains, etc.
  • It will have stoppages at 35
    stations including Hanumangarh, Bikaner, Jodhpur, Abu Road, Ahmedabad,
    Vadodara, Surat, Lonavala, Pune, Belgaum, Hubballi, Birur, Arsikere,
    Krishnrajapuram and Bangerpet.
  • It’s primary maintenance will be
    held at Sri Ganganagar (NWR).
  • Till date, 3 Humsafar Express
    trains have been introduced on Indian Railways.

About Antyodaya Express
  • Antyodaya Express is a
    long-distance and fully unreserved superfast train service for the common man
    to be operated on dense routes.
  • It will have facilities like  Cushioned luggage racks which can serve as
    seats.
  • It also features J-Hook near
    longitudinal luggage racks, multiple unit cables at both ends of the coach,
    potable drinking water dispenser, mobile charging points, fire extinguisher
    with anti-theft lock, modular toilets, LED lights, anti-graffiti coating for
    exterior painting, etc.
  • Covering one way distance of 2307
    km, Antyodaya Express will have stoppages at 23 stations including Kharagpur,
    Cuttack, Bhubaneswar, Palasa, Srikakulam Road, Vizianagaram, Vijaywada, Ongole,
    Renigunta, Katpadi, Jolarpettai, Salem, Erode, Coimbatore and Thrisur.

It’s primary maintenance will be
held at Santragachi on RBPC (SER).
Civil Aviation Minister inaugurated India’s first Integrated Heliport
  • India’s Civil Aviation Minister,
    Ashok Gajapathi Raju inaugurated the country’s first integrated heliport at
    Rohini in North Delhi on 28 February 2017.
  • The minister dedicated the
    heliport to the nation. The new facility is expected to push India’s aviation
    sector to new heights.
  • The heliport has been developed
    by Pawan Hans, a state-owned helicopter service company.
  • It is spread over a large area
    amounting to more than 25 acres with an investment of about Rs 100 Cr.
  • It consists of a terminal
    building with a capacity of about 150 passengers, 4 hangars with the parking
    capacity of around 16 helicopters and nine parking bays.
  • It also has a maintenance,
    repair, and overhaul (MRO) facility for the maintenance and repair of the Pawan
    Hans fleet as well as for third party repair work.

Andaman’s Radhanagar beach featured in top 10 beaches of World

  • TripAdvisor, an American travel
    website, in February 2017 ranked Radhanagar beach of the Andaman and Nicobar
    Islands among top 10 beaches in the world. The beach on the Havelock Island in
    the Andamans has secured the 8th position in the world in TripAdvisor’s
    ‘World’s Travellers’ Choice Award-Winning Beaches’
  • In addition, the Radhanagar beach
    has notched the top position in TripAdvisor’s list of the top spot in Asia.
  • TripAdvisor has honoured 343
    beaches, including the top 25 in the world. Winners were determined based on
    the quantity and quality of traveller reviews and ratings for beaches on
    TripAdvisor, gathered over a 12-month period.
  • The Baia do Sancho Fernando de
    Noronha in Brazil topped the list and was followed by Grace Bay Providenciales
    in Turks and Caicos, Eagle Beach in Aruba.

Appointments:
Khursheed A Ganai appointed as the Chief Information Commissioner of
Jammu and Kashmir

  • Retired IAS officer Khursheed A
    Ganai was appointed as the Chief Information Commissioner (CIC) of Jammu and
    Kashmir on 27 February 2017. His appointment will take effect from the date he
    assumes charge of the post.
  • Ganai’s appointment to the post
    was approved by the State Governor NN Vohra in the exercise of the powers
    vested in him under Section 12(3) of the Jammu and Kashmir Right to Information
    Act, 2009 (Act No. VIII of 2009). His name was recommended to the governor on
    21 February 2017 by a selection panel headed by the Chief Minister Mehbooba
    Mufti. Other members of the panel were former Chief Minister Omar Abdullah and
    Deputy Chief Minister Dr Nirmal Singh.
  • Ganai succeeds GR Sufi, who
    retired as CIC of the state on 29 February 2016. The state’s information
    commission had been non-functional since November 2016 after the retirement of
    its two information commissioners. The two Information Commissioner were Dr SK
    Sharma and Nazir Ahmed and they retired from the office in October 2015 and
    November 2016, respectively.

Kabir Bedi appointed as Brand Ambassador of Sightsavers

  • Noted film actor Kabir Bedi was
    on 27 February 2017 appointed as the Brand Ambassador of Sightsavers, a global
    organisation working to prevent avoidable blindness.
  • Kabir Bedi is known in the United
    Kingdom for his role as villainous henchman Gobinda in 1983 James Bond movie
    ‘Octopussy’.
  • On the occasion, six blind girls
    from Madhya Pradesh, who won medals in the 5th National Blind and Deaf Judo
    Competition in January 2017, were felicitated by Kabir Bedi and and SY
    Quraishi, Chairman of the India chapter of the Sightsavers and former Chief
    Election Commissioner of India.

Sanjay Menon appointed Managing Director of Sapient India
  • Sapient on 28 February 2017
    appointed Sanjay Menon as the Managing Director (MD) of its India operations.
  • Menon will take over the new role
    from Rajdeep Endow. However, Menon will continue to serve as Global Head of
    Service Lines for SapientRazorfish.
  • Menon will drive the strategy,
    capability development and growth of Sapient’s India presence. He will also maintain
    its status as hub of the company’s globally distributed delivery network.

Neil Gaiman appointed UNHCR Goodwill Ambassador

  • The United Nations High
    Commissioner for Refugees (UNHCR) in the third week of February 2017 appointed
    Neil Gaiman as a global Goodwill Ambassador. 
  • Gaiman is an internationally
    acclaimed author. He had been working closely with UNHCR since 2013.
  • Neil Gaiman is an English author
    of short fiction, novels, comic books, graphic novels, audio theatre and films.
  • He is noted for the comic book
    series The Sandman and novels Stardust, American Gods, Coraline, and The
    Graveyard Book.
  • He is the first author to win
    both the Newbery and the Carnegie medals for the same work, The Graveyard Book.

Sports:
Jitu Rai wins bronze in shooting World Cup

  • Ace pistol shooter Jitu Rai
    staged a remarkable comeback to clinch the bronze medal in the 10m air pistol
    event for India’s fourth podium finish in the ongoing ISSF World Cup here
    today.
  • The 29—year—old shot a total of
    216.7 in the eight—man final to finish third on the podium.
  • The Asian Games and World
    Championships silver—medallist was languishing at the seventh position after
    the end of the first competition series that included an 8.8.
  • But he clawed his way back with
    two 10.6 and a 10 in the second competition series. At the end of that series,
    Rai was placed sixth with a total of 98.7.
  • He managed to maintain the status
    quo even as the final entered the elimination stage at the Dr Karni Singh
    Shooting Range. He shot two 10s in the following shots to continue his gradual
    ascent.
  • The Army man roared back to
    contention with a couple of 10.6 and ensured a bronze with a 9.9, finishing
    ahead of China’s Zhanyi Xu (197.9).

Kohli named captain of the year at ESPNcricinfo awards
  • Indian national cricket team
    captain, Virat Kohli was named the ‘Captain of the Year’ at the 10th annual
    ESPN cricinfo awards.
  • The winners were decided by an
    independent jury comprising some of the world renowned former cricketers
    including Ian Chappell, Aakash Chopra, Mahela Jayawardene, Iain O’Brien,
    Courtney Walsh, Ramiz Raja and the Editor-in-chief, Assistant editor and senior
    correspondents of ESPNcricinfo.
  • While Kohli won the esteemed
    title for his impressive tally of leading India to nine wins from a total of 12
    tests, England’s Ben Stokes won the title of ‘Test Batting Performance of the
    Year’ for his incredible innings of 258 runs off 198 balls against South Africa
    in Cape Town.
  • Another English player, Stuart
    Broad was honoured with the ‘Test Bowling Performance of the Year’ award for
    the second year in a row for taking 6 wickets and giving away just 17 runs in
    England’s third test against South Africa in Johannesburg.

Days:
National Science Day observed on 28 February
  • National Science Day was observed
    across India on 28 February 2017. The year’s theme for the day is “Science
    and Technology for Specially Abled Persons”.
  • The day is observed to mark the
    discovery of the Raman Effect ( a phenomenon of scattering of photons) by
    Indian physicist Sir Chandrasekhara Venkata Raman on 28 February 1928.
  • For his path-breaking discovery,
    CV Raman was knighted in 1929 and awarded the Nobel Prize in 1930. This was the
    first Nobel Prize won by an Indian or any Asian in the field of Science.
  • The second objective behind celebrating
    28 February as the National Science Day is to spread a message about science
    and its importance in the daily life of the people.

Obituaries:
Former Union Minister P. Shiv Shankar passes away
  • Former Union Minister P. Shiv
    Shankar passed away on 27 February 2017 after a prolonged illness. He was 87.
  • In his political career spanning
    over three decades, P. Shiv Shankar served as External Affairs and Human
    Resource Development Minister.

Click here to Download Today’s PDF

Sponsored

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1487064173474-0’); });

Regards

Team ExamPundit