Current Affairs 16th August 2017 - Banking, SSC, UPSC Affairs

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India 's first museum will open this week in Amritsar Punjab, as India and Pakistan celebrate 70 years as independent nations. The museum will include photographs, newspaper clippings, donated personal items, and screens showing video interviews with survivors. It will have 'The Gallery of Hope', where visitors can scribble messages of love and peace.

According to the Economist Intelligence Unit’s Global Liveability Report 2017, Melbourne (in Australia) world’s most liveable city for a record seventh year in a row. Melbourne scored an overall rating of 97.5 out of 100 on the liveability index. It is the first time in the survey’s 15-year history that a city has held the No 1 rank in its own right for seven consecutive years.

The National Company Law Tribunal approved the merger of Reliance Communications (RCom) and Aircel. RCom will merge into Aircel and a new entity will be created called Aircom, with both partners having 50% equity stakes. The new company will have earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 15,000 crore based on current trends.

The Union Government directed internet majors Google, Facebook, WhatsApp, Instagram, Microsoft and Yahoo to immediately remove links of the dangerous online game Blue Whale Challenge. The Ministry of Electronics and IT informed to the internet majors that there are instances of children committing suicide in India while playing Blue Whale Challenge. The Blue Whale Challenge is a suicide game in which the player is given certain tasks to complete for a period of 50 days and the final task leads to suicide. 

Union Law Minister Ravi Shankar Prasad lauded the Supreme Court's initiative to make trial court appointments more transparent and appealed to states opposing the proposed centralised selection mechanism, to reconsider their stand. The Supreme Court indicated that it was inclined to go ahead with a proposal for the central government-funded Centralised Selection Mechanism, (CSM) even if there was no amicable consensus among various high courts and the states. The apex court is examining a proposal for having a singular examination under CSM to select judicial officers to fill up vacancies in subordinate judiciary, which stands at over 20 per cent of the sanctioned strength.

Prime Minister Narendra Modi paid tribute to philosopher and sage Sri Aurobindo on his 145th Birth Anniversary.  Sri Aurobindo's rich thoughts and grand vision for India continues to be a great source of inspiration. A spiritual reformer and philosopher, Sri Aurobindo had a major contribution in the Indian freedom struggle.

Maharashtra Chief Minister Devendra Fadnavis inaugurated as the next generation projection mapping system at the iconic Gateway of India in south Mumbai. Cricket legend Sachin Tendulkar, business tycoon Anand Mahindra, ministers Subhash Desai, Ram Shinde, Jaykumar Rawal were also present on the occasion.

Scientists from the University of Toronto, Canada have developed an injectable tissue bandage dubbed as AngioChip, smaller than a postage stamp can repair damaged hearts. The AngioChip is a tiny patch of heart tissue with its own blood vessels and heart cells beating with a regular rhythm. It is made out of the biocompatibility, biodegradable polymer. The newly developed technique lets researchers inject a repair patch (AngioChip) using a small needle, without the need to open up the chest cavity.

China and Nepal signed three agreements to further boost their ties in power, energy and economic sectors. The agreements cover three different domains namely economic and technological cooperation, a framework agreement on the promotion of investment and China-aid oil and gas resources survey project. The agreements signed cover oil and gas resources exploration, economic and technological cooperation and promotion of investment. These agreements were signed after visiting Chinese Vice-Premier Wang Yang held discussions with Nepal’s Deputy Prime Ministers Bijaya Kumar Gachhadar and Krishna Bahadur Mahara.

Sankara Rao, a Government company is set to have a new Managing Director & CEO in E Sankara Rao who is currently Chief General Manager at India Infrastructure Finance Company Limited (IIFCL). The Appointments Committee of Cabinet has given its nod for the Department of Financial Services (DFS) proposal to appoint Emandi Sankara Rao as Managing Director & Chief Executive Officer of IFCI Limited. He will serve for 3 years. He is currently a director and chief executive officer at IIFCL Asset Management Company Limited.

Prime Minister Narendra Modi launched a website to honor all the gallantry award winners since Independence. The portal will preserve and tell the stories of bravest men and women, civilians as well as armed forces personnel. The website gives details of the Chakra Series awardees i.e., Param Vir Chakra, Maha Vir Chakra, Vir Chakra, Ashok Chakra, Kirti Chakra and Shaurya Chakra. The portal contains information such as name, unit, year, citations and photographs of awardees till date.

India to host the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline. The IGC discussions between both countries comprehensively reviewed the entire gamut of bilateral relations and took stock of the progress. The pipeline first proposed in 1995 will transport natural gas from energy rich Caspian Sea (Galkynysh gas-fields) fourth largest in the world.

Santosh Sharma appointed as Chairman and Managing Director of Hindustan Copper Limited (HCL). He is at present Director (Operations) in the HCL.  The Appointments Committee of the Cabinet (ACC) has approved his appointment to the post for a period of five years, an order issued by the Department of Personnel and Training (DoPT). 

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