GK Eduwrap – 11th March 2016

Eduwrap Daily 11th march

 

Grab your daily scoop of Current Affairs, from National to International, Sports, Business and Economics. Learn wisely and Gain better with Eduncle’s GK Eduwrap!

 

National – Across the India:

 

1. The Union Cabinet has given its approval for signing and ratification of the Bay of Bengal Initiative on Multi Sectoral Technical and Economic Cooperation (BIMSTEC) Convention on Mutual Legal Assistance in Criminal Matters.

  • BIMSTEC (Bay of Bengal Initiative on Multi Sectoral Technical and Economic Cooperation) is the sub-regional group of seven countries in South Asia and South East Asia.
  • The BIMSTEC Convention aims to extend widest measures of assistance among 7 member countries through mutual cooperation.

 

Sports:

 

1. Rest of India has won the Irani Cup Cricket Title 2015-16 by defeating Mumabi in the final match of the cup by four wickets.

  • The Irani Cup tournament was started during the 1959-60 season to mark the completion of 25 years of the Ranji Trophy championship.
  • In the final match played at Brabourne Stadium in Mumbai, Rest of India overhauled the record victory target of 480 by making 482 for 6 on the fifth and final day.
  • This successful chase was also the best-ever run-chase in the Irani Cup history. It has bettered Rest of India’s previous 424, chasing target set by Delhi at the Ferozshah Kotla in 1982-83.

 

Appointments & Resignations:

 

1. The Union Government has appointed former Supreme Court (SC) judge Justice Balbir Singh Chauhan (66) as Chairman of the 21st Law Commission of India (LCI).

  • The LCI is a non-statutory and non-constitutional body constituted by the Union Government from time to time.
  • At present Justice Balbir Singh Chauhan is the Chairman of the Cauvery River Water Disputes Tribunal.
  • He served as the judge of the SC from May 2009 to July 2014, Chief Justice of Orissa high court from July 2008 to May 2009.

 

2. Ahmed Abul Gheit, veteran Egyptian diplomat has been selected as Secretary General of the Arab League.

  • The Arab League is a regional organization of Arab countries in and around North Africa, the Horn of Africa and Arabia.
  • Ahmed Abul Gheit will succeed Nabil El-Araby, Egyptian diplomat whose term ends in July 2016 after he had rejected second five-year term.
  • He also served as ambassador of Egypt to the United Nations and Egypt’s foreign minister from 2004 to 2011 during the final seven years of Hosni Mubarak’s rule.

 

Bills – New & Amendments:

 

1. The Rajya Sabha has passed the Real Estate (Regulation and Development) Bill, 2015 to protect the interests of consumers and curb the malpractices in the real estate sector.

  • The bill seeks to create a uniform regulatory mechanism across the country and enhance the growth of construction sector.
  • It also ensures to bring transparency and accountability in the real estate sector to access capital and financial markets essential for its long term growth.

 

Memorandum of Understanding (MoU):

 

1. The Union Cabinet has given its approval for the MoU between India and United Arab Emirates (UAE) on Technical Cooperation in Cyber Space and Combating Cyber-Crime.

  • It was singed between both countries in February 2016 to cooperate in combating cybercrime in the wake of the serious security threat posed by it to safety of people.
  • The MoU would provide help in handling of the issues related to the cyber-crime between the two countries.

 

2. India has signed the second line of credit (LOC) agreement extending 2 billion dollars in development financing to Bangladesh for undertaking various development projects.

  • This credit line will be provided through Export Import Bank of India (Exim Bank), India’s external lending arm. It is Exim Bank’s biggest ever LOC facility given to another country.
  • The development financing will be used in the infrastructural projects like power sector, road transportation, railways, shipping, information and communication technology (ICT) and social sector projects like health and technical education.

 

Science & Technology:

 

1. Japanese researchers have successfully isolated a bacterium species Ideonella sakaiensis 201-F6 capable of breaking down plastic polyethylene terephthalate (PET) or polyester. Their results were published in the journal Science.

  • Ideonella sakaiensis relies on PET film as a primary source of carbon for growth. It is capable of completely degrading a thin film of PET in a short span of six weeks at 30°C.
  • The bacteria could potentially be used in industrial recycling processes with having any adverse impact on the environment. It can replace or augment the current mechanical recycling plastic process.

 

2. Project Mausam aims to explore the multi-faceted Indian Ocean world for collating archaeological and historical research and not to counter China’s Silk Route strategy.

  • It was announced by Union Minister of State (MoS) for Culture and Tourism (Independent Charge) Dr. Mahesh Sharma in a written reply in Rajya Sabha.
  • It was launched in June 2014 in the 38th Session of World Heritage Committee (WHC) meeting which was held at Doha, Qatar.
  • It examines key processes and monsoon phenomena that link different countries along the Indian Ocean littoral as well as the coastal centres that connect hinterlands.

 

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