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Current Affairs for 12th to 18th Aug 2017

 

Current Affairs for 12th to 18th Aug 2017

 

 

 

  1. Former Union Minister M Venkaiah Naidu will be the new Vice President of India as he defeated Gopal Krishna Gandhi by 272 votes. 
  2. The Government proposes to establish an additional 14 new AIIMS under various phases of the Pradhan Mantri Swasthya Suraksha Yojana in different parts of the country. Union Health Minister JP Nadda said this in the Lok Sabha.
  3. Parliament has passed a bill to declare the Indian Institute of Information Technology, Design and Manufacturing (IIITDM) at Kurnool in Andhra Pradesh as a centre of national importance. The Indian Institutes of Information Technology (Amendment) Bill, 2017 was passed by voice vote in Rajya Sabha. Lok Sabha had passed the bill on July 26. It provides for inclusion of IIITDM, Kurnool in the principal Act. This institute will be declared as an institute of national importance with the power to award degrees to the students. The legislation was approved by the Union Cabinet in February. The IIITDM would become the fifth institute with this tag.
  4. The Union Cabinet has cleared a proposal to allow proxy voting to Non-Residential Indians, by amending electoral laws, a senior Government functionary was quoted as saying. The amended Representation of the People Act will allow nearly 16 million NRIs to exercise the right by appointing a proxy from their constituency to cast the vote.
  5. Parliament has passed the Right of Children to Free and Compulsory Education (Amendment) Bill, 2017. Replying to the debate on the bill in Rajya Sabha, HRD Minister Prakash Javadekar said deteriorating standard of education in government schools is a matter of concern and the government has taken several initiatives to improve the quality of education. 
  6. India has expressed concern over the freedom enjoyed by Jamaat-ud-Dawa Chief Hafiz Saeed and his organisations in Pakistan to conduct terror acts against India and others. 
  7. Qatar's Cabinet has approved a draft law making permanent residency available to some non-citizens, marking a partial shift from its reliance on its longstanding visa-sponsorship system. The energy-rich Gulf nation said in a statement that the residency permits could be granted to children of Qatari women married to foreigners, people who "offered valuable services to the country" and those with special skills. 
  8. India and other four members of the BRICS grouping members (Brazil, Russia, China and South Africa) have pledged to fight against protectionism. In this regard, the decision was taken at the two-day meeting of the trade ministers from BRICS nations held at Shanghai, China. They released a joint statement highlighting various issues and the need to address them collectively.
  9. ISRO and NASA are jointly working towards realisation of NASA-ISRO Synthetic Aperture Radar (NISAR) mission by 2021. In NISAR mission, NASA is responsible for development of L-band SAR and ISRO is responsible for development of S-band SAR. The L & S band SAR will be integrated with ISRO's spacecraft and launched onboard India's GSLV.
  10. The Lok Sabha has passed a bill to enable exit of RBI from NABARD and increase authorised capital of the development institution six times to Rs 30,000 crore. The National Bank for Agriculture and Rural Development (Amendment) Bill, 2017 also seeks to amend certain clauses in the light of reference of the Micro, Small and Medium Enterprises (MSMEs) Development Act, 2006 in the proposed legislation. 
  11. The Banking Regulation (Amendment) Bill 2017 has been passed by the lower house of the parliament. It will replace the Non-Performing Assets Ordinance, which came into effect earlier this year. Finance Minister Arun Jaitley had introduced a bill in Lok Sabha to amend the Banking Regulation Act 1949. The measure allows the RBI to initiate insolvency resolution process on specific stressed-assets. 
  12. The Lok Sabha has passed two crucial Bills extending the Goods and Services Tax (GST) regime to Jammu & Kashmir. The lower house passed the Central Goods and Services Tax (Extension to Jammu and Kashmir), Bill, 2017 and the Integrated Goods and Services Tax (Extension to Jammu and Kashmir), Bill, 2017 after a brief discussion. 
  13. The RBI has cut the repo rate by 25 bps to 6%. This was on expected lines as market consensus predicted a 25 bps cut. Reverse repo rate has also been cut by 0.25 per cent to 5.75 per cent. The RBI noted in its statement that actual headline inflation for Q1 has tracked projections of being in the range of 2 to3.5 per cent in the first half of the year.
  14. The Indian pair of Joshna Chinappa and Dipika Pallikal Karthik settled for a bronze medal after losing to English duo of Jenny Duncalf and Alison Waters in the semifinals of the WSF World doubles squash championship in Manchester. 
  15. The world Athletics Championship kicked off in London on 4th August. 25 Indian athletes are taking part in the ten-day event. India has taken part in each championships since the first one in 1983 but legendary long jumper Anju Bobby George's bronze in Paris 2003 has been the lone medal at this global stage. Meanwhile, World record holder Usain Bolt advanced to the semifinals in his last 100 meters race at the World Championships in London.


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Sunil Chopra The Cavalier Delhi +91-9873161169 contact@cavalier.in