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

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Indian Prime Minister Narendra Modi and visiting Palestine President Mahmoud Abbas signed 5 Memorandums of Understanding (MoUs). List of MoUs inked during the visit of Mahmoud Abbas  MoU on visa exemption for diplomatic passport holder; MoU on agriculture cooperation; MoU on cooperation in the field of IT & Electronics; MoU on cooperation in the health sector; MoU on cooperation in the field of youth affairs and sports.

V.O. Chidambaranar Port (VOCP) is set to increase a four-fold in the capacity of two of its Coal Jetties (CJ) – Jetty I and II from 6.25 million tonnes per annum (MTPA) to 24. The VOCP Trust signed a Memorandum of Understanding with Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for the gradational Jetty I and II in New Delhi. With the up gradation of the coal jetties, TANGEDCO will be able to handle additional volume of coal cargo for the upcoming new power plants in Uppur and Kadaladi in Ramanathapuram district in Tamil Nadu. The project is the outcome of Ministry of Shipping’s Project Unnati, under which a study, ‘Unlocking National Ports Potential’ was done to improve the handling capacity of CJ-I & II. 

Sikkim Chief Minister Pawan Kumar Chamling was conferred with the first Bhairon Singh Shekhawat Lifetime Achievement Honour in Public Service by President Pranab Mukherjee. The award was conferred during the first Bhairon Singh Shekhawat memorial lecture delivered by the President.  Sikkim is known as the 'Land of Flowers' with a population of around six lakhs, It is gaining popularity as a fully organic state in India. 

The Indian Railways will install CCTV surveillance systems at more than 900 stations under the Nirbhaya Fund at an approved cost of Rs. 500 crore to strengthen security at rail premises. The Centre had created Nirbhaya Fund with a Rs. 1000 crore corpus in its 2013 Union Budget to support initiatives by the government and NGOs working towards protecting the dignity and ensuring the safety of women in the country. The Railways have about 8,000 stations out of currently 344 stations have already been provided with CCTV cameras.

The Federation of Indian Chambers of Commerce and Industry (FICCI) predicted India’s gross domestic product (GDP) growth will be around 7.4% for fiscal 2017-18. The agriculture sector is estimated to reach 3.5 per cent growth and improvement. The industrial and services sector are expected to grow by 6.9% and 8.4% respectively in 2017-18.

Indian Navy and the Space Application Centre has signed a Memorandum of Understanding on Data Sharing and Scientific cooperation in the field of Meteorology and Oceanology. As per the MoU, the scientific advancements and expertise achieved by Space Application Center (SAC) would be synergised into the Indian Naval efforts in order to keep the Indian Navy with rapid developments that have taken place in the field of Environment Sciences and Satellite Data acquisition technology. The cooperation which includes the non-confidential observational data of satellites and training of latest technology of data sharing. Space Applications Centre(SAC) is one of the major centres of Indian Space Research Organisation (ISRO).It was established in the year 1972.

West Bengal State government has made Bengali mandatory in all schools, including private English medium schools. Apart from Bengali, English and Hindi, students can opt for other languages such as Urdu, Gurmukhi, Nepali and Ol-Chiki as the medium of instruction in schools of the State. The decision was taken in schools comes at the backdrop of Kerala government’s recent promulgation of an ordinance in April making Teaching of Malayalam compulsory in all schools of Kerala.

French President Emmanuel Macron appointed Edouard Philippe as the new Prime Minister of France. Edouard Philippe is the second-youngest Prime Minister of France after Laurent Fabius. Philippe is the Mayor of the port city Le Havre since 2010 and is a member of the Les Republicans party.

The partnership of Deepti Sharma and Poonam Raut scored 320 in 45.3 overs to become the world’s first pair, to achieve a 300-run opening-wicket partnership in One-Day Internationals (ODIs). The earlier best partnership for the first wicket in men’s cricket was 286 scored by Sri Lanka’s Upul Tharanga and Sanath Jayasuriya against England in 2006. Deepti Sharma’s 188 runs is now the second highest score in women’s one-day International.

HDFC Life has entered into a bancassurance (the selling of life assurance and other insurance products and services by banking institutions) tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. HDFC Life will offer its leading range of individual life insurance, health and pension products to the Catholic Syrian Bank’s 1.5 million customer base across all its branches over a period of time.

US-based Indian squash player Ramit Tandon has won his Professional Squash Association (PSA) title r in the SYS Open. Ramit defeated Kush Kumar. This was Tandon's third appearance in a Professional Squash Association final.

India to be ranked 26th in World Bank’s electricity accessibility list in the current year from 99th spot in 2014. Out of the 18,452 villages which lacked electricity, over 13,000 villages has been provided access to electricity. The flagship scheme Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) was launched by Prime Minister Narendra Modi with an aim to provide 24×7 uninterrupted electricity supply to each rural household across the country by 2022.

The United Nations Security Council (UNSC) will hold an emergency meeting on North Korea's latest missile test. The long-range strategic ballistic rocket Hwasong-12 (Mars-12) is launched by North Korea on May 15, 2017.  The US, Japan and Soth Korea requested the emergency discussions after Pyongyang launched a missile. Headquarters of UNSC - New york City, United States.

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    Topics covered in the 16th May 2017 Current Affairs are
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  • About important Persons, Places,
  • Banking & Economical News,
  • Awards & Honours,
  • Sports News,
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  • Obituary,
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  • Important Committee,
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  • Important Days & its Theme for Current as well as upcoming Year,
  • Books & Its Authors,
  • Agreements & MoUs,
  • Budget, Taxes,
  • Various Important Lists & Indexes,
  • Visits by World Presidents, Prime Ministers,
  • Political affairs and all Current News.

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