Saturday, 18 February 2017

Current Affairs-GK Update 18th February 2017

Current Affairs and GK Update 17th February 2017
1. Banks Board Bureau Appoints Eight Executive Directors in Various Banks
  • Eight Executive Directors (EDs) have been appointed in various public sector banks on the recommendations of Banks Board Bureau Initially, they have been appointments for a three-year period.
List of Appointed Executive Directors
  • Neelam Damodharan and Atanu Kumar Das have been appointed as EDs in Bank of India. Presently, Damodharan serves as the General Manager in Bank of Baroda and Das is General Manager in Vijaya Bank.
  • K Swaminathan, the General Manager in Indian Overseas Bank, has been appointed as ED in Indian Overseas Bank.
  • Ashok Kumar Pradhan has been appointed as the ED in United Bank of India. Presently he serves as the Chief General Manager with State Bank of Bikaner and Jaipur.
  • P Ramana Murthy will be Executive Director of Central Bank of India. He is GM of Allahabad Bank.
  • Fareed Ahmed Khan, General Manager of Corporation Bank, has been appointed as the ED in Punjab and Sind Bank.
  • M K Bhattacharya, Chief General Managers of State Bank of Mysore has been appointed as the EDs of Indian Bank
  • S Harishankar who serves as Chief General Managers of State Bank of Travancore has been appointed EDs of Allahabad Bank.
2. Aadhaar card to be mandatory for College & University students availing benefits under Central Scholarships scheme
  • Union Human Resource Development Ministry has stated that to avail benefit under the Central Sector Scholarship Scheme for College and University students, applicants will now have to furnish proof of possession of Aadhaar card or undergo Aadhaar authentication. 
  • RD ministry notification issued in New Delhi stated that those who are receiving these scholarships but don't have an Aadhar card will have to apply for enrollment by June 30th,2017. It is, however, not applicable in Jammu and Kashmir
3. Will continue to run Amma's govt in Tamil Nadu: CM E Palanisami
  • After winning the floor test in Tamil Nadu assembly, CM E Palanisami paid tribute at Jayalalithaa Memorial.
  • Palanisami said that the party will continue to run Amma's government in Tamil Nadu.
  • Palanisami won the floor test by 122 votes.
4. BCCI General Manager RP Shah quits
  • One of the three General Managers of BCCI, RP Shah, today resigned from his post citing his age as a reason.
  • Shah was finding it hectic to regularly travel to Mumbai as he resided in Mumbai.
  • Shah said, it was purely a personal decision taken four months back.
5. China bans coal imports from North Korea
  • China today announced that it is suspending all imports of coal from North Korea.
  • Move comes as part of efforts to increase pressure on the country over its latest missile test.
  • Ban would operate until 2017 end.
  • China had rejected shipment of North Korean coal worth $1m.
6. UDAN scheme to increase number of airports by 50
  • The implementation of the regional air-connectivity scheme, UDAN, will see the number of operational airports in the country shoot up by over 50, while the cost of travelling will come down to as low as ₹2,500 for up to an hour of air journey.
  • According to Sinha, there are 75 small operational airports in the country, and this number will increase to over 125 with the successful implementation of UDAN (Ude Desh ka Aam Nagrik) — the new scheme through which the government hopes to make flying viable to Tier II and III cities.
7. Sumitra Mahajan to inaugurate 2-day South Asian Speaker’s summit at Indore in Madhya Pradesh
  • Lok Sabha Speaker Sumitra Mahajan will inaugurate the two-day South Asian Speaker’s summit at Indore in Madhya Pradesh.Speakers of six countries will deliberate on ways to achieve sustainable development goals. 
  • Summit is organized by the Indian Parlianment and Inter-Parliamentary Union which is focused on Achieving Sustainable Development Goals in member countries. Representive from Afganistan, Bangladesh, Bhutan, India, Maldives, Nepal and Sri lanka are attending the summit. Representatives from Pakistan and Myanmar are not attending the sumit due to their personal reasons. 
8. Aero India 2017 begins at Yelahanka in Bengaluru
  • 11th biennial edition of the International Aerospace and Defence exhibition Aero India begans at the Air Force Station, Yelahanka in Bengaluru. The five-day event was inaugurated by Defence Minister Manohar Parrikar.
  • On the first three days number of MOUs was signed under manufacturing sector. HAL, the premier Aeronautics giant received several crore rupees worth contracts for manufacturing sub-parts of aircrafts. 
  • Boeing and Rolls Royce have signed MOUs to set up manufacturing base in India and Airbus will set up Centre of Excellence for Aerospace skills development in Hyderabad.
9. Government Increases the Cash Credit Limit For MSMEs To 30 %
  • The Union government has increased the Cash Credit (CC) limit for Micro, Small and Medium Enterprises (MSMEs) to 30% of turnover from the existing 20% to encourage them to conduct businesses digitally.
  • Through digital means of conducting the business, the balance sheet of companies would be clean and this would help MSMEs to get loans from banks and promote Ease of Doing Business.Presently the taxes for MSMes are calculated at 8% for revenue of up to Rs 2 crore. With digital transaction, tax liability will be reduced from 8% to 6%.
10. Ex-PDP leader Tariq Hameed Karra joins Congress
  • Tariq Hameed Karra, Former Lok Sabha member of PDP, today joined the Congress.
  • Karra said that the move was necessitated as the PDP-BJP alliance was only implementing the "RSS agenda" in Jammu and Kashmir. 
  • 61-year-old Karra met Congress President Sonia Gandhi and Vice President Rahul Gandhi in Delhi.
11. NRAI gets highest WHO ratings for vaccine regulations 
  • India’s vaccine regulatory body NRAI (National Regulatory Authority of India) was given the maximum ratings by the World Health Organisation (WHO) for vaccine regulations. 
  • The ratings were given by WHO after completing the assessment of the status of the NRAI system against WHO NRA Global Benchmarking Tool and measured the maturity of the system in India. 
  • Need for assessment India is one of the main players in the pharmaceutical industry worldwide and often is referred as pharmacy of the world. India, as a large vaccine producing country, is currently supplying several vaccines to the United Nations agencies (UNICEF, WHO, and PAHO). 
  • A fully functional NRAI is a pre-requisite for WHO prequalification of vaccines. One of the requirements to become eligible and retain prequalification status is to get assessed.
12. Scientists develop high-quality graphene from soybean 
  • Scientists from Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) have made world’s strongest material graphene commercially more viable by using soybean. They have developed a novel “GraphAir technology” which transforms soybean oil, a renewable, natural material into graphene films in a single step.
13. PV Sindhu Attains Career-Best Rank at No. 5 in BWF Rankings, Saina Placed at No. 9
  • Indian ace shuttler PV Sindhu achieved her career best Badminton World Federation (BWF) women’s single ranking by being placed at 5th spot Previously the top seeded player was placed at sixth position. 
  • The only second Indian to be placed among the top 10 spots is Saina Nehwal who has  PV Sindhubeen placed at No. 9. 
  • The BWF women’s single ranking has been topped by Tai Tzu Ying of the Chinese Taipei.
14. Melody Queen Lata Mangeshkar honoured with 'Legendary Award ' 2017
  • Melody Queen Lata Mangeshkar has been honored with the 'Legendary Award ' 2017 by Brand Laureate. The Brand Laureate Awards recognize world-class achievement in branding amongst individuals and companies. 
  • Lata expressed her heartfelt thanks to the Brand Laureate on twitter for honouring her. In 2012, actor Shah Rukh Khan was honoured with the Brand Laureate Legendary Award for his unmatched contribution to Indian Cinema.
15. South Indian Bank bags award for tech security practices
  • South Indian Bank has been awarded with ISO 27001: 2013 certification for its Information Security Management System (ISMS). 
  • V.G. Mathew, MD, and CEO of the bank received the certificate from Venkataram Arabolu, Managing Director, BSI Group India at an official ceremony.
16. Corporation Bank Bags 2017 National MSME Excellence Award
  • Mangalore-based public sector lender Corporation Bank was awarded the 2017 National MSME Excellence Award at a function in New Delhi. 
  • D V Subramanya Varma, General Manager of Corporation Bank received the award from Union Minister of State for Micro Small and Medium Enterprises, Haribhai P Choudhary. The award is instituted by the Federation of Industry, Trade, and Services (FITS).
17. Karnataka Bank Launches National Pension System in Mangaluru
  • Mangaluru based private sector lender Karnataka Bank Ltd launched National Pension System (NPS) at its corporate office in Mangaluru. To provide financial security at old age by giving regular income in the form of pension.
  • Under the scheme, one can contribute to NPS while earning and eventually start receiving the pension on his/her attaining the age of 60 years to meet their financial needs.
  • To avail the benefit, any individual between the ages 18-60 years can register their name with the bank branch to contribute and to get pension benefit.
18. Canara Bank Inks MoU with HRD Ministry to Start Higher Education Financing Agency
  • Bangalore based Public sector Canara Bank has signed a Memorandum of Understanding (MoU) with the Human Resource Development (HRD) Ministry to operationalize the Higher Education Financing Agency (HEFA). 
  • The establishment of the Higher Education Financing Agency (HEFA) was approved by the Union Cabinet in September 2016.Through this MoU, HRD Ministry and Canara Bank will jointly promote the HEFA with an authorised capital of Rs. 2,000 crore.
19. Mastercard to Provide Payments Processing Solution for Airtel Payment Bank
  • Leading global payments and technology firm, Mastercard is set to provide payments processing solution to Airtel Payments Bank.
  • The payment processing platform will enable the Airtel Payment Bank in providing various payment services like switching, card management along with support for reconciliation and dispute management processes.
20. ISRO successfully tests its indigenously developed Cryogenic Upper Stage engine for GSLV Mark III rocket
  • Indian Space Research Organisation (ISRO) has successfully ground tested its indigenously developed Cryogenic Upper Stage engine for GSLV Mark III at its Liquid Propulsion Complex at Mahendragiri in Tirunelveli district of Tamil Nadu.
  • The C25 stage is the most powerful upper stage developed by ISRO and uses Liquid Oxygen and Liquid Hydrogen propellant combination. The development of C25 cryogenic stage will provide ISRO capability to launch four ton class satellites in Geosynchronous Transfer Orbit.

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