Daily Current Affairs Update – 19th January 2017

GK Eduwrap 19 Jan


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National – Across the India:



1. The Union Cabinet has given its approval to the proposal for India’s taking full membership of the International Vaccine Institute (IVI) Governing Council.


 International Vaccine Institute (IVI)


 This decision involves payment of annual contribution of US $5,00,000 to the IVI (headquartered in Seoul, South Korea).


 International Vaccine Institute (IVI), established in 1997, on the initiatives of UNDP, is an international nonprofit organization devoted to developing and introducing new and improved vaccines to protect the people, especially children, against deadly infectious diseases.


 In 2007 with the approval of Union Cabinet, India joined IVI. Since then India is a long-term collaborator and stake-holder of IVI.




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2. The Union HRD Minister Shri Prakash Javadekar launched a dedicated web portal ‘ShaGun’ for the Sarva Shiksha Abhiyan at New Delhi today.


 ‘ShaGun’ aims to capture and showcase innovations and progress in Elementary Education sector of India by continuous monitoring of the flagship scheme – Sarva Shiksha Abhiyan (SSA).


 The Union HRD Minister also unveiled the ‘Toolkit for Master Trainers in Preparing Teachers for Inclusive Education for Children with Special Needs’, which has been prepared by World Bank in collaboration with Ministry of Human Resource Development.




3. Bengaluru has emerged as the most dynamic city in Jones Lang LaSalle’s fourth annual City Momentum Index of cities around the world, followed by Ho Chi Minh City of Vietnam and Silicon Valley in the U.S.


 The Index tracks the speed of change of a city’s economy and commercial real estate market.


 It covers 134 major established and emerging business hubs.


 Top 10 cities in the JLL index are Bengaluru, Ho Chi Minh City, Silicon Valley, Shanghai, Hyderabad, London, Austin, Hanoi, Boston and Nairobi.




4. The Union Cabinet has given its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) for electronics manufacturing.


Modified Special Incentive Package Scheme (M-SIPS)


 These modifications will further incentivize investments in electronic sector and move towards Union Government’s goal of ‘Net Zero imports’ in electronics by 2020.


 The scheme provides subsidy for capital expenditure 20% for investments in Special Economic Zones (SEZs) and 25% in non-SEZs.


 The Appraisal Committee chaired by Secretary, Ministry of Electronics and IT will recommend approval of project.




5. The Union Cabinet has approved package for augmentation of the Corpus of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE) for supporting Micro and Small Enterprises (MSEs).


 Corpus of Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE)


 With this, the corpus of the Trust has been increased from Rs. 2,500 crore to Rs. 7,500 crore and it will be fully funded by the Union Government.


 Augmentation of the corpus of the fund will facilitate larger flow of credit to MSEs. This in turn, will lead to increase output and employment and thereby promote equity and inclusiveness.




6. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved holding negotiations for Trade Agreement with Peru on trade in goods, services and investment.


 A Joint Study Group (JSG) between India and Peru was constituted in order to explore the possibility for entering into trade agreement with Peru on 15th January, 2015.


 Both sides concluded the Joint Study Group Report on 20th October, 2016 and agreed to carry forward the discussions on trade in goods, trade in services and investment.




7. The Union government will set-up ‘Indian Agricultural Research Institute (lARI) – Jharkhand’ at Gauria Karma Village in Barhi Block of Hazaribag of the state akin to one in New Delhi.


Indian Agricultural Research Institute (lARI)


 The Union Cabinet chaired by the Prime Minister Narendra Modi has given the approval for the establishment of the institute.


 The IARI-Jharkhand will have an estimated outlay of Rs.200.78 crores (100% ICAR share) on 1,000-acre land provided by the Government of Jharkhand, it is revealed.



8. After a TV channel and a website to promote digital payments, a nationwide toll-free helpline number ‘14444’ has been launched to educate people and provide support related to cashless mode of transactions.


toll-free helpline number '14444' has been launched


 Government had sought Nasscom’s help in providing support on a mass scale to people.


 Cash-mukt Bharat Abhiyan helpline, launched by the Government of India, is being run by six business process outsourcing companies (BPOs), Tata Consultancy Services, Vodafone and Tata Teleservices. It is free of cost, reports Economic Times




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International – Across the Globe:



1. A new type of ‘three-person IVF’ has allowed a previously infertile couple to have a baby in a world first.


three-person IVF


 The baby boy was born in Ukraine using a technique known as pronuclear transfer, a method experts have called “highly experimental”.


 Doctors in Kiev fertilized the mother’s egg with the father’s sperm, and then placed the combined cells into an egg donated by a third woman.




Economics & Banking GK:



1. The Cabinet Committee on Economic Affairs (CCEA) has given its ‘in principle’ approval for listing the five Public Sector General Insurance Companies (2016-17) owned General Insurance Companies in the stock exchanges.


General Insurance Companies


 They are New India Assurance Company Ltd, United India Insurance Company Ltd, Oriental Insurance Company Ltd, National Insurance Company Ltd and General Insurance Corporation of India.


 The shareholding of these PSGICs will be divested from 100% to 75% in one or more tranches over a period of time as per Securities and Exchange Board of India (SEBI) and Development Authority of India (IRDAI) rules and regulations.




Awards & Recognition:



1. Indian actress Priyanka Chopra has emerged winner of the favourite dramatic TV actress trophy for her role in “Quantico” at 2017 People’s Choice Awards.

Priyanka Chopra


 This is 34 old year actress second People’s choice win, having been named the favourite actress in a new TV series last year.


 Priyanka was not the only Indian -origin star to be feted at the ceremony. Lilly Singh was named favourite Youtube star.




Science and Technology:



1. The National Aeronautics and Space Administration (NASA) has approved a mission to explore 16 Psyche, an iron-rich asteroid.


NASA approved a mission to explore 16 Psyche


 As part of the mission, NASA craft will be launched in 2023, and will arrive at Psyche in 2030. The mineral contents on the asteroids are worth over 100-thousand times the value of the entire world economy.


 The study of Psyche may also reveal more information about the centre of our planet, which cannot be studied directly due to the virtual impossibility of sending a probe deep underground.




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GK Eduwrap will help you keeping aware about all the major happenings of the country and the world and update your current affairs/general knowledge.


This will help you in preparing for all the competitive exams like IBPS, SSC, RRB, etc.


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