Current Affairs 7th June 2017

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The University Grants Commission (UGC) and All India Council for Technical Education (AICTE) the Prime Minister Narendra Modi-led government at the Centre is planning to replace the two education regulators with a new Higher Education Regulator. Higher Education Empowerment Regulation Agency(HEERA) is the name of the newly proposed regulator. This new body will be implemented with the aim of eliminating the overlaps in the jurisdiction and also to remove the irrelevant regulatory provisions.  The Human Resource and Development Ministry (HRD) is working with the Niti Aayog towards the implementation of this new proposed regulatory body. They are working to bring the technical as well as the non-technical institutions under the same umbrella.

The world’s first hybrid ‘aeroboat’ built by an Indo-Russian joint venture announced publicly start-ups event organized by Russia’s state-run Skolkovo Foundation. The Aeroboat is capable of traveling on land, water, snow, and sand. The Aeroboat has been designed by International Institute For Advanced Aerospace Technologies (IIAAT).

Hoshiar Singh a 1994 batch officer of the Indian Telecom Service appointed as Registrar of Copyrights. His period of five years as per the recent order issued by the Department of Personnel and Training (DoPT). The Copyright Office is under the immediate control of a Registrar of Copyrights, who acts under the superintendence and directions of the Central Government.  

The proposed merger between Aadhar Housing Finance and  Dewan Housing Finance Limited (DHFL) got the approval from housing finance regulator National Housing Bank (NHB). Both the companies are owned by Wadhawan family promoted Wadhawan Global Capital Pvt Limited. According to the merger plan, Aadhar Housing will merge into DHFL Vysya, making it a Pan-India company. 

Nepalese politician Sher Bahadur Deuba elected as Nepal’s Prime Minister for the fourth time.  The post of Prime Minister fell vacant after Maoist leader Prachanda resigned in May under a power-sharing deal with the Nepali Congress leader. Mr. Deuba served as the prime minister from 1995 to 1997, from 2001 to 2002, and from 2004 to 2005.

India signed an agreement to provide assistance of 318 million US Dollar credit line to Sri Lanka for the development of the railway sector in the country.  India already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM Bank amounting to approximately USD 966 million. Presently Indian development assistance mainly focuses on improvement of infrastructure, livelihood development, education, healthcare, and capacity building. 

Montenegro officially joined North Atlantic Treaty Organization (NATO) and thereby became the 29 member country. Montenegro Foreign Minister Srdjan Darmanovic submitted the official accession papers in a ceremony at the US State Department.

Kerala State Government implemented with a Green protocol to make the weddings in the state more nature-friendly. With the implementation of the protocol, plastic and other non-degradable articles including disposable glasses and plates and Thermo cool decorations will be kept at bay from marriage functions. In Ernakulam, the district administration is issuing green marriage certificate for those weddings which abide by the protocol completely.

India signed a loan agreement of USD 39.2 million with the World Bank for the Assam Citizen Centric Service Delivery Project. The total Project worth is USD 49 million where 39.2 will be financed by the World Bank and the remainder will be funded out of Assam State Budget. The loan will be provided by the International Bank for Reconstruction and Development (IBRD).

The book “The Ministry of Utmost Happiness” authored by Arundhati Roy released recently. It is fiction-based novel and will be published by Hamish Hamilton from the United Kingdom and Penguin India. Roy became the first Indian woman to win the prestigious Booker Prize with her 1997 work.

Indian Tennis player Ramkumar Ramanathan won The International Tennis Federation (ITF) men's Future's Tennis title. He defeated Raymond Sarmiento of United States of America (USA). He was rewarded with cash Prize of $ 15,000 and it was the first title of the season for Ramkumar and 15th of his career.

Sachin Tendulkar joined Beckham, Djokovic and Lewis Hamilton for  The United Nations Children's Fund (UNICEF) Chief Super Dad Campaign. Super Dads initiative forms a part of UNICEF's Early Moments Matter Campaign, aims to drive understanding of children's environments and experiences in early childhood can shape their future.

Nepal and China signed an agreement to develop a 1,200-megawatt hydropower project, the country’s largest to be built in central Nepal. It is the largest Hydroelectric plant in Nepal. It is being developed by China's Gezhouba Group Corporation and will cost around $ 2.5 million. This is the 2nd major hydro investment after China secured a deal early to develop a 750 Mega Watt project.