Daily Current Affairs - 07th May 2017

Centre declares entire Assam as 'disturbed' area under AFSPA

  • The Centre has declared entire Assam, besides bordering areas of Meghalaya, as a disturbed area, under the Armed Forces Special Powers Act (AFSPA), for three more months.
  • The Home Ministry cited violence perpetrated by insurgent groups like ULFA, NDFB and others as the reason for enforcing AFSPA for three more months, with effect from the 3rd of this month.
  • AFSPA has been continuing in Assam since November 1990.
  • AFSPA: Armed Forces (Special Powers) Acts (AFSPA), are Acts of the Parliament of India that grant special powers to the Indian Armed Forces in what each act terms "disturbed areas".

34 MoUs worth Rs 2 lakh crores signed at India Integrated Transport & Logistics Summit

  • Thirty-four MoUs, amounting to about 2 lakh crores rupees, were signed at the India Integrated Transport and Logistics Summit. Of the total 34 investment pacts committed, more than 15 pertain to setting up multi-modal logistics parks by the [state governments.
  • Agreements for port connectivity and land ports were also inked.
  • Union Minister for Road Transport and Highways: Nitin Gadkari

ADB predicts 7.4 percent growth for Indian economy this fiscal

  • Asian Development Bank (ADB) has said that Indian economy will grow 7.4 per cent this fiscal, and 7.6 per cent in the next fiscal. India had grown 7.1 per cent in the previous fiscal.
  • Reforms like the Goods and Services Tax and the new bankruptcy law will make it easier to do business in India.
  • ADB: The Asian Development Bank(ADB) is an international development finance institution dedicated to reducing poverty in Asia and the Pacific through loans,technical assistance and grants. Its mission is to help developing member countries reduce poverty and improve the quality of life of their people.
  • President: Takehiko Nakao
  • Headquarters:Manila, Philippines

Cabinet approves New Central Sector Scheme – SAMPADA

  • The centre has given its approval for re-structuring the schemes of the Ministry of Food Processing Industries (MoFPI) under new Central Sector Scheme – SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) for the period 2016-20.
  • The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste.
  • SAMPADA with an allocation of Rs. 6,000 crore is expected to leverage investment of Rs. 31,400 crore, benefit 20 lakh farmers and generate 5,30,500 direct/ indirect employment in the country by the year 2019-20.
  • SAMPADA is an umbrella scheme incorporating ongoing schemes of the Ministry like Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance Infrastructure, etc. and also new schemes like Infrastructure for Agro-processing Clusters, Creation of Backward and Forward Linkages, Creation / Expansion of Food Processing & Preservation Capacities.

England wins first ODI against Ireland

  • England defeated Ireland by seven wickets to win the first One-Day International at Bristol and go 1-0 up in the two-match series.
  • The scores: Ireland 126 in 33 overs (A. Balbirnie 30, Adil Rashid five for 27) lost to England 127 for three in 20 overs (A. Hales 55, J. Root 49 n.o., Chase three for 44) .

Facebook Launches ‘Express Wi-Fi’ in India

  • Facebook has launched its “Express Wi-Fi” commercially in India. The service is now available via 700 hotspots across four states of Uttarakhand, Gujarat, Rajasthan and Meghalaya.
  • The company also announced its partnership with Bharti Airtel for setting up an additional 20,000 hotspots for its services expansion.
  • Express Wi-Fi services are currently active in Indonesia, Kenya, Nigeria, and Tanzania.
  • Express Wi-Fi services will complement mobile data offerings by providing a low-cost, high bandwidth service allowing users to get online for accessing apps, downloading contents amongst other things at affordable rates.

India's Shiva Thapa, Sumit Sangwan reach final of Asian Boxing Championships

  • India's Shiva Thapa and Sumit Sangwan have reached the final of the Asian Boxing Championships in Tashkent. Fourth seed Shiva stunned Olympic bronze-medallist and top seed Dorjnyambuug Otgondalai of Mongolia in a split verdict in 60kg category. While Sumit stormed past second seed Tajik Jakhon Qurbonov in the semifinal of the 91kg category.
  • Miiddle weight top seed Vikas Krishan settled for a bronze medal in 75 kg category.

India’s First Private Sector Small Arms Manufacturing Plant Inaugurated

  • India’s first private sector small arms manufacturing plant has been inaugurated in Madhya Pradesh to supply world class weapons to the armed forces in line with the India’s defence indigenisation programme.
  • The plant is a joint venture between India’s Punj Lloyd and Israel Weapon Systems. The plant will manufacture four products, namely, X95 carbine and assault rifle, Galil sniper rifle, Tavor assault rifle and Negev Light Machine Gun (LMG).
  • The joint venture company named as Punj Lloyd Raksha Systems will help in replacing the weapons used by the armed forces with sophisticated and high precision products.

Nepal's Supreme Court orders reinstatement of Chief Justice Sushila Karki

  • Nepal's first woman Chief Justice Sushila Karki resumed office last evening after the Supreme Court ordered her reinstatement and directed Parliament to put on hold the impeachment motion against her.
  • The court issued the order saying that the impeachment move was against the spirit of the country's Constitution. The order came in response to a writ petition against the motion.
  • Justice Karki was suspended after an impeachment motion was registered in Parliament by ruling Nepali Congress and CPN (Maoist Centre). They accused her of interfering with the executive and issuing prejudiced verdict.

Punjab govt makes Aadhar cards mandatory for all financial assistance schemes

  • Punjab government has made Aadhaar Cards mandatory in place of Ration Cards for all Financial Assistance scheme besides introducing new forms to get the benefit of old age pensions.
  • The step has been taken by the government to ensure that only genuine people get the benefits of pension and other financial assistance schemes.
  • Chief Minister: Captain Amarinder Singh

RBI makes substantial changes in norms for dealing with stressed loans

  • The RBI has made substantial changes in the norms for dealing with stressed loans and warned banks they will be penalised for missing Non-Performing Assets (NPA) resolution timelines.
  • The RBI, through a notification, eased the decision making process in the Joint Lenders' Forum and Corrective Action Plan under the 'Framework for Revitalising Distressed Assets in the Economy'.
  • It also warned that any non-adherence to these instructions and timelines specified under the Framework shall attract monetary penalties on the concerned banks.
  • Earlier, the government notified an ordinance empowering the Reserve Bank to issue directions to banks to initiate insolvency resolution process in case of a default under the Insolvency and Bankruptcy Code, 2016.

SC asks States to include HIV+ children in 'Disadvantaged Group'

  • The Supreme Court has asked state governments to issue a notification to include children affected with HIV in disadvantaged group for imparting free, compulsory education under the 2009 law.
  • A bench, headed by of Chief Justice JS Khehar, said so far, eleven states and one Union territory have issued a notification to this effect.
  • The bench was hearing a PIL filed by an NGO seeking special treatment for HIV-positive kids in schools across the country.

Sindhu, Saina lose a place in latest BWF rankings

  • Olympic silver medallist P V Sindhu and former World No 1 Saina Nehwal slipped a place each to be at the fourth and ninth spots respectively in the latest BWF World rankings.
  • Both Sindhu and Saina last played at the Asian Badminton Championship in China with the former losing in the quarterfinals, while the latter bowed out in the first round.
  • In men's singles, Ajay Jayaram continues to be the best- ranked Indian at the 13th spot, while Sai Praneeth ranked 22nd.

US to attend UN climate talks next week

  • US will take part in United Nations' climate change meetings in Germany next week even as Washington considers withdrawing from the Paris global emissions-cutting deal.
  • The Trump administration is reviewing whether to withdraw from the deal and a decision expected in the next few weeks.

US: House of Representatives approves legislation to tighten sanctions on N Korea

  • The US House of Representatives has overwhelmingly approved a legislation to tighten sanctions on North Korea. The sanctions target shipping industry and companies that do business with North Korea.
  • The legislation was intended to send a strong message to North Korea, amid international concern over the escalation of its nuclear programme.
  • North Korea has accused the US Central Intelligence Agency of plotting with South Korea to assassinate its leader Kim Jong-Un.
  • Supreme leader: Kim Jong-un
  • Capital: Pyongyang
  • Currency: North Korean won