Daily Current Affairs - 13th Feb 2017

Arjun MR, Ramchandran Shlok win men's doubles title at Iran Fajr Badminton Tournament

  • The Indian doubles pair of Arjun Madathil Ramachandran and Ramchandran Shlok won the men’s doubles title at the 26th Iran Fajr badminton tournament.
  • The second-seeded Indian pair defeated the fifth-seeded Indonesian duo of Kenas Adi Haryanto and Muhammad Reza Pahlevi Isfahani 11-8, 11-8, 11-9.

BAFTA 2017

  • "La La Land" won big at Britain’s main film awards as it scooped the prize for best film, while Emma Stone and Damien Chazelle picked up awards for best actress and best director respectively.
  • Best actor category to Casey Affleck, for his performance in family drama “Manchester by the Sea.
  • Dev Patel won the best supporting actor award for Lion at British Academy Film Awards 2017.
  • Viola Davis took home the prize for best supporting actress for her performance in "Fences".

Delhi airport 12th busiest in the world

  • Delhi International Airport is the 12th busiest airport worldwide for the month of November 2016, according to a latest report published by International Civil Aviation Organisation (ICAO).
  • This is the first time an Indian airport has entered the big league of top 15 airports in the world, which comprises of major airports like Atlanta, Dubai, Los Angeles and Changi airports.
  • In November, Delhi airport also recorded the highest growth rate of 19.1 per cent in the world.

Frank-Walter Steinmeier elected German President

  • Germany's parliamentary assembly has elected Frank-Walter Steinmeier, a Social Democrat, as the country's president.
  • The German President has little executive power, but is considered an important moral authority and symbol of the country as its host for visiting dignitaries.
  • Steinmeier previously served as vice chancellor and foreign minister under current Chancellor Angela Merkel.

Government plans merger of commodity boards

  • The Commerce Ministry is planning merger of the commodity boards and set up an umbrella organisation in order to improve production and exports of plantation crops like tea, coffee and spices.
  • The five commodity boards, under the Ministry of Commerce, are responsible for production, development and export of tea, coffee, rubber, spices and tobacco.
  • These crops play an important role in the economic growth as they contribute in the country's exports and also create huge employment for people.

Government plans to come out with Indradhanush 2.0

  • Government plans to come out with 'Indradhanush 2.0', a comprehensive plan for recapitalisation of public sector lenders, to make sure they remain solvent and fully comply with the global capital adequacy norms, Basel-III.
  • Indradhanush 2.0' will be finalised after completion of the Asset Quality Review (AQR) by the Reserve Bank, which is likely to be completed by March-end.
  • Under Indradhanush roadmap announced in 2015, the government had announced to infuse Rs 70,000 crore in state-run banks over four years while they will have to raise a further Rs 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel-III.

Hindustan Motors sells Ambassador to Peugeot

  • The iconic brand Ambassador, has changed hands, with Hindustan Motors selling it to European auto major Peugeot for Rs 80 crore.
  • The C K Birla group firm has inked an agreement with Peugeot SA to this effect.
  • The automobile was manufactured at the Uttarpara factory of Hindustan Motors.

Multi-role chopper model to be unveiled

  • Hindustan Aeronautics Limited (HAL) will reveal India’s first indigenous multi-role helicopter at the Aero India exhibition, that will start in Bengaluru.
  • It is planned as a twin-engine helicopter in the 10-tonne category, capable of flying at a height of 15,000 feet, and with a range of 500 km.
  • It can perform several tasks, including counter-insurgency operations, casualty evacuation and combat search and rescue.

Queen to host UK-India Year of Culture launch

  • Queen Elizabeth II will host a spectacular UK-India Year of Culture launch at Buckingham Palace.
  • Throughout the year, there will be display of great works of art, great collaborations.
  • All the cultural aspects will come together for real demonstration of strong cultural ties.
  • Queen Elizabeth II, 90, is the world’s longest reigning sovereign and has become the first British monarch to reach a Sapphire Jubilee, with 65 years on the throne.

SEBI lays down reforms road map for FY18

  • The Securities and Exchange Board of India (SEBI) laid out a road map for reforms for the financial year 2017-18 and plans to bring in a host of changes in various segments including primary market, commodities and foreign investors among others.
  • The capital markets regulator plans to reduce the listing time gap by bringing down the public issue timeline from the existing requirement of T+6.
  • It also plans to allow institutional participation in the commodity derivatives markets in a phased manner. Further, it will work towards integration between the commodity spot market and the derivatives segment.
  • SEBI will also set up a cybersecurity lab for the securities market and set up a facility for online registration of intermediaries.

Services, Railways emerge Fed Cup volleyball champions

  • Services men and Railways women won the Federation Cup volleyball championship.
  • Services defeated Kerala 15-25, 25-20, 25-19, 25-19 in the men’s final, while Railways beat Kerala 25-17, 25-17, 18-25, 29-27 in the women’s title round.

Switzerland votes on relaxed citizenship laws

  • Switzerland voted on Sunday on whether to make it easier for third generation immigrants to become citizens.
  • The "simplified naturalisation of third-generation immigrants" measure passed in a national referendum with 60.4 per cent of the vote.
  • It simplifies applications for anyone under 25 whose parents and grandparents have lived in Switzerland for years. The measure gives young people who qualify the same fast-track, simplified access to Swiss citizenship.

Union Government aims to invest `2,200 cr. in electronic technology start-ups

  • The Union Government is targeting an investment of about `2,200 crore by 2019 in start-ups working on new technologies in the electronic sector under the Electronics Development Fund (EDF).
  • The EDF is a ‘fund of funds’ that works with venture capitalists to create funds, known as ‘daughter funds,’ which provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and IT.
  • The EDF would put in 10% of the capital in ‘daughter funds’ and the rest would be invested by venture capitalists.
  • The fund is an attempt to develop the electronics system design and manufacturing sector in the country to achieve “net zero imports” by 2020.

World Radio Day : February 13

  • World Radio Day is observed every year on February 13 to celebrate radio as a forum for entertainment and information, as a bridge of communication for remote communities and its role in empowering people.
  • In 2011, the Unesco General Conference had proclaimed February 13 as World Radio Day.
  • Radio is the most prevalent mass medium, with the ability to reach up to 95 percent of the world’s population.

Yusuf Pathan becomes first Indian to sign for foreign T20 league

  • Yusuf Pathan has become the first Indian male cricketer to sign for an overseas franchise-based T20 league.
  • Kowloon Cantons has signed up Yusuf Pathan for the second edition of the Hong Kong T20 Blitz.
  • Apart from Pathan, Cantons has already signed up Pakistan’s Shahid Afridi, England’s Tymal Mills and Scotland’s Calum MacLeod.