Daily Current Affairs – 08/07/2017

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International News:-

1)Trilateral Malabar exercise to kick off on July 10:-

  • The Malabar naval exercise involving Indian, American and Japanese navies will kick start on July 10 in the Bay of Bengal, amid China’s growing military assertiveness in the disputed South China Sea.
  • A sizeable number of aircraft, naval ships and nuclear submarines of the navies of the three countries will be part of the annual exercise.
  • India and the US have regularly conducted the annual exercise since 1992.

2)Italy passes bill to make torture illegal:-

  • Italian lawmakers have finally passed a bill making torture a crime under national law, after years of parliamentary back-and-forth.
  • Rome signed the UN Convention Against Torture in 1984 but had never transferred it into national legislation.

3)India slips to be 4th largest investor in:-

  • India has slipped by one spot to become the fourth-largest foreign investor into the UK, according to the official figures released.
  • The US remains on the top, investing in 577 projects in the UK, with China (including Hong Kong) remaining in second place with 160 projects.
  • India set up 127 new projects in Britain last year.
  • However, it lost its position as the third largest investor in the UK to France which set up 131 projects last year, according to the data.

National News:-

1)India declares itself free from Highly Pathogenic Avian Influenza (H5N1 and H5N8):-

  • India has declared itself free from Avian Influenza (H5N8 and H5N1) from 6th June, 2017 and notified the same to OIE.
  • India had reported outbreaks of Highly Pathogenic Avian influenza at various epicenters in Delhi, Gwalior (MP), Rajpura (Punjab), Hissar (Haryana), Bellary (Karnataka), Allappuzha and Kottayam (Kerala), Ahmedabad (Gujarat), Daman (Daman) and Khordha and Angul (Odisha during October, 2016 to February, 2017.
  • All the outbreaks of Avian Influenza (HPAI) mentioned above were notified to OIE and the control and containment operations were carried out as per the Action Plan on Preparedness, Control and Containment of Avian Influenza.

2)“JIGYASA” – Student-Scientist connect programme launched:-

Jigyasa, a student- scientist connect programme was officially launched in the national capital.
Council of Scientific and Industrial Research (CSIR), has joined hands with Kendriya Vidyalaya Sangathan (KVS) to implement this programme.
The focus is on connecting school students and scientists so as to extend student’s classroom learning with that of a very well planned research laboratory based learning.

3)Garib Nawaz Skill Development Centres to be established in 100 districts of the country:-

  • The Minister of State for Minority Affairs (Independent Charge) & Parliamentary Affairs, Shri Mukhtar Abbas Naqvi said that Garib Nawaz Skill Development Centres will be established in 100 districts of the country which will effectively ensure employment oriented skill development of youth belonging to Minority communities.
  • Naqvi, that in next six months, Garib Nawaz Skill Development Centres, providing job oriented skill training in various fields, will be established in 100 districts.

Economic News:-

1)EPFO ties up with 5 banks to collect PF dues:-

  • Retirement fund body EPFO has inked pacts with five banks for collections of PF dues.
  • The tie-ups with Bank of Baroda, ICICI Bank, HDFC Bank, Axis Bankand Kotak Mahindra Bank will help EPFO save around Rs 125 crore a year and expedite its investments as well as payment of benefits to its members.
  • Employers having bank account with these banks can now deposit PF dues directly in EPFO’s account using internet banking in real time basis instead of going through the aggregator mode.

2)Indus OS partners with YES Bank to launch OS-integrated UPI platform:-

  • Indus OS has partnered with YES Bank to launch OS-integrated UPI (Unified Payment Interface) payment platform in India.
  • Users with Indus OS will be able to use this UPI payment platform on SMS/ messaging, dialler interface, and on third party apps like WhatsApp.
  • This means P2P transactions as well as utility payments can be made via SMS or messaging. The platform is expected to launch in this quarter.

3)India likely to clock GDP growth of 6.9 pc this fiscal:-

  • Indian economy is expected to recover in the coming quarters and the country is expected to clock a real GDP growth of 6.9 per cent in this financial year.
  • According to a report by BMI Research, India’s growth is expected to pick up following the negative ramifications from the demonetisation drive in November 2016, but weak public banks will likely cap the recovery.

4)Srei Teams Up With Russian Development Bank To Create $200 Mn IT Fund:-

  • Srei Infrastructure Finance Limited has joined hands with Russian Government-owned Vnesheconombank to create a $200 Mn fund.
  • The fund aims to facilitate innovation in the field of information technology (IT).
    Headquartered at Kolkata, the family-run company signed a Memorandum of Understanding (MoU) with the development bank last month, as part of the Indian government’s continued efforts to foster cooperation with Russia.