Daily Current Affairs - 07th Nov 2017

Centre plans to set up more commercial courts

  • The Union government has proposed to establish commercial courts in districts to further improve the ease of doing business parameters.
  • Legal remedy to commercial disputes and enforcement of business contracts are parameters of the World Bank ranking. In terms of ease of enforcing contracts, India jumped from 172 to 164. Though the jump in the ranking sounds small, it is substantial given the diversities of laws in our country and the complex demography.
  • A commercial dispute is defined to include any dispute related to transactions between merchants, bankers, financiers, traders, etc. Such transactions deal with mercantile documents, partnership agreements, intellectual property rights, insurance, etc.

Commissioning of new Instrument Landing System at Chennai International Airport

  • Airports Authority of India has replaced the existing Instrument Landing System (ILS) at Chennai International airport.
  • The new system uses a highly directional antenna system - “Wide Aperture Log Periodic Antenna Array [LPDA]” system. This antenna system has addressed the coverage restrictions of the old ILS, and will provide guidance to the aircraft to a much lower height and improved precision. This is turn will enhance the safety of the aircraft during landing.

Commonwealth Shooting Championships

  • India ended the Commonwealth Shooting Championships with a rich haul of 20 medals after Satyendra Singh won a gold and Sanjeev Rajput a silver in the men's 50m rifle 3 positions event.
  • The Indian squad won a total of six gold, seven silver and seven bronze medals during the competition.
  • In the men's Trap event at the Shotgun ranges, Birendeep Sodhi was the lone Indian to qualify for the six-man final round.

conference of States Power Ministers

  • A two-day conference of Ministers for Power and New & Renewable Energy of States & Union Territories will be held in Rajgir, Bihar.
  • The aim of this two-day conference is to review the implementation of various ongoing Schemes/Programmes and deliberate on a host of issues pertaining to Power and Renewable Energy sectors.
  • Recent power Sector Scheme:
  • Saubhagya (Pradhan Mantri Sahaj Bijli Har Ghar Yojana):Achieving 100% household electrification by December, 2018.

Global watchdog FATF puts Pakistan on notice

  • The Financial Action Task Force (FATF), the global anti- money laundering watchdog has put Pakistan on notice for terror financing.
  • FATF has sought a compliance report from Pakistan by February 2018 on action taken against terror groups such as LeT and JuD. FATF has asked Pakistan to do more to freeze assets of terror outfits such as Lashkar-e-Taiba and Jamaat-ud-Dawa.
  • The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7.

Hasmukh Adhia appointed as the new Finance Secretary

  • The Appointments Committee of the Cabinet has designated Revenue Secretary Hasmukh Adhia as the new Finance Secretary.
  • Mr Adhia is a 1981 batch IAS officer of Gujarat cadre.
  • As Revenue Secretary, he was one of the key officials who worked on the final design, structure and rollout of GST.
  • The Appointments Committee also appointmented Shri Binoy Kumar, IAS (TG:1983) as Special Secretary, Logistics, Department of Commerce against the newly created post.

Indian women hockey team ranked 10th in world

  • The Indian women's hockey team broke into the top-10 in the FIH world rankings following their Asia Cup title triumph in Japan.
  • The chart is being led by European champions Netherlands, who have maintained their top position, and are followed by England and Pan American Cup champions Argentina.
  • The India's men's team has maintained the sixth position in the latest rankings.

National Financial Reporting Authority (NFRA)

  • Corporate Affairs Ministry (MCA) is taking steps to set up National Financial Reporting Authority (NFRA).
  • It is an independent body to test check financial statements, prescribe accounting standards and take disciplinary action against errant professionals. The Companies Act 2013 provides for setting up a National Financial Reporting Authority (NFRA).

Passing out Parade of Dogs at Air Force Dog Training School

  • A Passing out parade for the Air Force Dogs undergoing training at Air Force Dog Training School was organized at Air Force Station Faridabad.
  • Air Force Dog Training School (AFDTS) established at Air Force Station Faridabad is doing a commendable task of training Air Force Dogs.

Platinum jubilee of Tamil daily 'Daily Thanthi'

  • Leading Tamil daily newspaper ‘Daily Thanthi’ celebrates its platinum jubilee
  • Prime Minister Narendra Modi participated in the historic event that marks the 75 years of ‘Daily Thanthi’.
  • Si Ba Adhithanar founded the newspaper, which is publishing 17 editions, in 1942.

Postmen to collate data on homes still without electricity

  • The power ministry has engaged postmen for door-to-door survey to expedite the Saubhagya scheme launched by Prime Minister Narendra Modi for complete household electrification by December 2018.
  • India Post through its network 1.73 lakh outlets has begun collecting data on un-electrified households spread over three states of Odisha, Chhattisgarh and Madhya Pradesh. Similar initiatives are being launched in Assam and Jharkhand.
  • The data will help the Central government in speedy assessment of project reports that will be submitted by states seeking grant under the Saubhagya Scheme.

Power Ministry constitutes a Committee to investigate into blast at Unchahar power plant

  • NTPC began internal probe into the boiler blast at its Unchahar power plant, the power ministry issued an order to constitute an independent committee in a bid to investigate the cause.
  • The four member committee will be chaired by P D, Siwal, Member (Thermal), Central Electricity Authority (CEA).
  • In addition, a committee of top NTPC executives has also been formed by the company headed by Executive Director S K Roy.

Prakash Javadekar inaugurates ‘Chintan Shivir’.

  • Union HRD Minister Shri Prakash Javadekar inaugurated a two-day National Workshop ‘Chintan Shivir’ organized by Department of School Education and Literacy, Ministry of Human Resource Development in New Delhi
  • The main aim of the workshop is to provide holistic education relevant for 21st century India and to bring together key stakeholders from various NGOs, private sector and individuals to deliberate on key themes in the education sector.
  • The workshop focused on five themes - Digital Education, Physical Education, Value Education, Life Skills Education and Experiential Learning.

Surat gets Best City Bus Services Award

  • Surat Municipal Corporation has been chosen for the ‘Best City Bus Services Award’ by the Union Ministry of Housing and Urban Affairs for succeeding in attracting 87% of the private vehicle and auto rickshaw users to use city buses.
  • Mysuru’s Public Bicycle Sharing has won the ‘Best Non-Motorised Transport’ Award while Kochi (Kerala) has been chosen for the ‘Best Urban Transport Initiative’ Award for completing its Metro Rail Project in a quick time besides integrating the metro with other modes of transport.
  • H-TRIMS of Hyderabad, the Traffic Integraged Management initiative has been chosen for the ‘Commendable Initiative Award’ under ‘Best Intelligent Transport Project’ category. Chittor has been chosen for the ‘Commendable Initiative Award’ for the city police’s initiative for improving road safety.
  • Awards for Best Urban Transport Practices announced by Central Government at Urban Mobility Conference in Hyderabad.

UN climate change talks

  • A new round of UN climate change talks started in Bonn, Germany . More than 190 countries and territories will take part in the UN Framework Convention on Climate Change(COP23).
  • Delegates will negotiate in order to come up with concrete rules for the agreement by the next round next year. They will also discuss how to report their reduction goals and updated efforts to fulfil them.

“Quadrilateral” grouping

  • India has accepted an invitation to join the Japan-proposed, U.S.-endorsed plan for a “Quadrilateral” grouping including Australia.
  • The quadrilateral arrangement, including US, Japan, Australia and India, aims to be a grouping of countries all looking to balance China, using an international rules-based order to counter China’s aggressive power play. The grouping also aims to provide alternative debt financing for countries in the Indo-Pacific.