Current Affairs 26th May 2017 - Banking, SSC, UPSC Affairs

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President Pranab Mukherjee received the first copy of two books " Mann Ki Baat-A Social Revolution on Radio" and "Marching with a Billion-Analysing Narendra Modi’s Government at Midterm" at Rashtrapati Bhavan in New Delhi. The program mainly connected with the 'New India' particularly about youth. The book Marching with a Billion- Analysing Narendra Modi’s Government at Mid-term written by journalist Uday Mahurkar analyses the changes of cultural in a developing country.

The Department of Industrial Policy and Promotion (DIPP) amended the definition of startup companies in India and will now consider existence up to seven years from the date of its incorporation or registration. As per the new definition, an entity will be considered as a Start-Up if its turnover is less than Rs 25 crore. In the case of biotechnology startups, the period will be up to 10 years from the date of incorporation. Start-up India was launched by Prime Minister Narendra Modi on 16 January 2016 to promote innovation and enhance economic growth and employment opportunities.

Reserve Bank of India decided to permit all licensed cooperative banks having their own ATM network to issue semi-closed prepaid payment instruments (PPI)s like mobile wallets. A notification has been issued by RBI which enlists strict norms and conditions to be followed by cooperative banks before permitting them to issue wallets for utility bill payments and other activities up to a limit of Rs 10,000.

The Environment Ministry banned cattle slaughter and introduced restrictions on the sale of cattle to prevent their killing. A gazette notification, titled Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017 by the Ministry of Environment, Forests and Climate Change states that no one can bring cattle to an animal. Animal markets cannot be set up within 50 km of an international border and 25 km from a state border. All animal markets have to run with the approval of district animal market committee to be headed by a magistrate.

Prime Minister Narendra Modi inaugurated India’s longest span, the 9.15 km Dhola-Sadiya bridge across river Lohit at the easternmost tip of Assam. The bridge is 3.55 km longer than the Bandra-Worli Sea Link in Mumbai. The Brahmaputra downstream connects three rivers Lohit, Dibang and Siang. The project, worth Rs 950 crore, was started in 2011. 

The United States Senate confirmed Indian-American Judge Amul Thapar to a key judicial position on the powerful US court of appeals. He has become the second Indian-American judge of an appeals court. In 2013, Shri Srinivasan became the first Indian Judge to get appointed to the DC circuit court of appeals by President Barak Obama.

Egyptian swimmer Omar Hegazy became the first amputee to swim across Red Sea’s 20 kilometers Aqaba Gulf from Egypt to Jordan. Hegazy, a 26-year-old boy who lost his left leg in a motorcycle accident. Aqaba Gulf is a large Gulf at the northern tip of the Red Sea.

Bharat Heavy Electricals Limited (BHEL) commissioned a 270-megawatt (MW) thermal unit in Maharashtra. The project is owned by Maharashtra State Power Generation Company (Mahagenco). The unit commissioned at Parli Thermal Power Station (TPS), located in Beed district in the Marathwada region of Maharashtra. It has commissioned 16,000 MW of power generation capacity in Maharashtra.

State Bank of India launched a national Hackathon for developers, start -ups and students to come up with innovative ideas and solutions for the banking sector. The main aim to launch National hackathon is to come up with innovative ideas and solutions for the banking sector. Hackathon which will start from June 6 and ends on June 20. The hackathon has named ‘Code For Bank’. It will focus on the business value driven by technologies like predictive analytics, digital payments, artificial intelligence, machine learning, and robotic process automation.

Uttar Pradesh Chief Minister Yogi Adityanath launched a campaign to eradicate the deadly Japanese Encephalitis (JE) disease that claims the lives of hundreds of children every year in the state. He launched a toll-free number to get or provide any information about encephalitis.   The government has fixed the target of immunization of above 88 lakh 55 thousand children in the age group of 1 to 15 during the drive in the 38 targeted districts.

The Department of Personnel and Training (DoPT) has appointed Anurag Tripathy, as new Secretary of Central Board of Secondary Education (CBSE). The CBSE is a Board of Education for public and private schools, under the Union Government. He will hold the post for a period of five years.

Hindustan Computers Limited (HCL) to host the HCL Asian Junior Tennis Championship 2017, the most reputed tennis championship in the Asia. The Championship is being held in association with the Maharashtra State Lawn Tennis Association and under the support of International Tennis Federation (ITF); Asian Tennis Federation (ATF); and All India Tennis Association (AITA). Different players from 11 countries  - Thailand, Taiwan, Japan, South Korea, Philippines, Hong-Kong, Malaysia, China, Sri Lanka, Iran, and India are participating in the Championship.

Google's vice-president for South East Asia and India, Rajan Anandan appointed as new chairman of Internet and Mobile Association of India (IAMAI). He replaces Kunal Shah FreeCharge's co-founder and chief executive officer. MakeMyTrip Chairman & Group CEO Deep Kalra will be the vice-chairman. Facebook’s managing director for India & South Asia, Umang Bedi will be the new treasurer. Subho Ray will continue to be the president of IAMAI.

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