Current Affairs 12th July 2017 - Banking, SSC, UPSC Affairs

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NASA’s unmanned spacecraft Juno successfully peered into the Jupiter’s giant storm known as the Great Red Spot. The Great Red Spot on Jupiter is a massive storm (cyclone) measuring about 16,000 km in diameter. It is a largest known storm in the solar system. It is monitored since 1830 and has possibly existed for more than 350 years. The spot appears as a deep, red orb surrounded by layers of pale yellow, orange and white.  The spacecraft has been named from Greco-Roman mythology. It is orbiting Jupiter from pole to pole, 5,000 kilometres above planet’s cloud tops.

Maharashtra becomes the first state in the country to provide women with an injectable contraceptive for free.  The state’s public health department launched a program called Antara to offer women an injection of Medroxyprogesterone acetate (MPA), a birth-control hormone. According to state health officials the injection, a safe means of birth control is effective for three months.

Axis Bank entered into a collaboration with Inter-American Investment Corporation (IIC) to facilitate trade with Latin America and the Caribbean. Axis Bank becomes the first Indian bank to participate in the Trade Finance Facilitation Programme as a confirming bank. IIC, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean.

Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MOU) for the financial year 2017-18 with the Ministry of Defence.  The MoU aims at various performance parameters of the company during the year 2017-18. It also laid specific emphasis on capacity building, modernization, solar power plants, aiming to achieve capital expenditure of Rs. 1,300 crores.

Union Minister of State (Independent Charge) for Labour & Employment signs a Memorandum of Understanding (MoU) between Employees’ State Insurance Corporation (ESIC) and Directorate General Factory Advice Service & Labour Institutes (DGFASLI) for collaboration in the field of occupational health and prevention of occupational injuries and diseases signed in New Delhi. The main focus of MoU is occupational health by establishing ‘DGFASLI-ESIC Occupational Health Training, Research & Development Centre’ (OHTRDC) at Regional Labour Institute, Faridabad. It will help in spreading awareness for healthy working conditions, reduce the danger of diseases or injuries and provide a good quality life for workers.

According to recently released the Organisation for Economic Co-operation and Development (OECD)-FAO Agricultural Outlook 2017-2026, India will be the world’s largest milk producer by 2026 and will account for the biggest increase in wheat production globally. India’s population will grow to 1.5 billion from 1.3 billion, an increase of almost 150 million every year. India will overtake China to be the most populous country in the world by 2026.

Indian Railways Organization for Alternate Fuel (IROAF) has set gold standards by winning Golden Peacock Award for Eco-Innovation for the year 2017 for introducing eco-friendly and cost-saving Compressed Natural Gas (CNG) based Dual Fuel 1400 HP Diesel engines on Diesel Electric Multiple Unit (DEMU) trains. This innovation will reduce emissions considerably by bringing down nitrogen oxides (NOx) by 16%, CO by 6% and Particulate Matter by 18% besides achieving economy in fuel cost by 8%.

National Green Tribunal (NGT) imposed a ban on nylon and synthetic ‘manja’ the string used to fly kites as it poses a threat to the lives of birds, animals and humans. State governments have been directed to prohibit the “manufacture, sale, storage, purchase and use” of synthetic ‘manja’ or nylon threads and all other synthetic threads used for flying kites. The NGT passed the order after People for the Ethical Treatment of Animals (PETA) moved it for a nationwide ban on all forms of sharp kite-flying strings called manja.

Ravi Shastri to become Indian cricket team’s new head coach where the appointment was confirmed by Board of Control for Cricket in India (BCCI). He was chosen by the BCCI’s Cricket Advisory Committee (CAC) that includes former captains Sourav Ganguly, Sachin Tendulkar and veteran batting star VVS Laxman.  Zaheer Khan is appointed as the Bowling coach of Indian Cricket Team.

Union Finance Minister Arun Jaitley inaugurated the National Bank For Agriculture & Rural Development (NABARD) and Silver Jubilee of SHG Bank Linkage Programme, in New Delhi. This day is dedicated on celebrating  the Silver Jubilee (25 years) of Self Help Group Bank Linkage Programme (SHG BLP). It is an initiative of Financial Inclusion by NABARD.The pilot stage of this programme was started in the year 1992.

Odisha Chief Minister Naveen Patnaik announced to set up an International Standard Sports City recently. Kalinga International Sports City will be set up in Bhubaneswar and will be eligible to bid for most international competitions including Commonwealth and Asian games. The state government also signed an expression of interest with the International Association of Athletics Federation (IAAF) and the Athletics Federation of India for setting up of a high-performance academy inside the Kalinga Stadium.

Union Government saved Rs 57,000 crores through Direct Benefits Transfer (DBT) scheme under which subsidies are given directly to beneficiaries. In 2017-18, the beneficiary base rose from 10.71 crores in 2013-14 to 35.62 crore. The main aim is to transfer benefits of various Central Government-run social welfare schemes directly to the bank accounts of beneficiaries.

The board of TATA SIA Airlines Limited owns and operates the full-service airline Vistara appointed former SilkAir head Leslie Thng as its new chief executive officer (CEO). He succeeds Phee Teik Yeoh Singapore-based regional air carrier SilkAir is a wholly- owned subsidiary of Singapore Airlines (SIA), which owns a 49 percent stake in TATA SIA Airlines Limited.

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