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. As per recently report of World Bank, India remained the world’s largest remittance recipient in 2015.
It was revealed by the World Bank’s annual report Migration and Development Brief. In 2015, India attracted about 69 billion US dollars in remittances, down from 70 billion in 2014.
Other large remittance recipients in 2015 were China (64 billion dollars), Philippines (28 billion), Mexico (25 billion) and Nigeria (21 billion dollar).
2. India ranked 44th with total score of 30 among 50 different countries in the 2016 Global Connectivity Index (GCI) report compiled by Chinese telecom giant Huawei.
The GCI analyzes the full spectrum of measurements for connectivity and provides a detailed map of the global digital economy.
The index benchmarks 50 countries on the basis of its ICT infrastructure including broadband, data centers, cloud services, big data and IoT in the scale ranging from 0 to 100. These 50 countries, account for 90 percent of global GDP.
3. Prime Minister Narendra Modi launched ‘Gram Uday Se Bharat Uday Abhiyan’ (Village Self Governance Campaign).
This Campaign was strengthen Panchayati Raj in villages and ensure social harmony in villages.
It was launched on the occasion of 125th birth anniversary of Dr. Babasaheb Ambedkar at his birthplace at Mhow, Madhya Pradesh.
4. Prime Minister Narendra Modi launched National Agriculture Market portal eNAM to connect e-mandis in several States.
eNAM is an online inter-connectivity of e-mandis, aimed at ushering in much needed agriculture marketing reforms to enable farmers to get better price of their produce.
e-National Agriculture Market (NAM) is a pan-India e-trading platform. It is designed to create a unified national market for agricultural commodities.
5. Prime Minister Narendra Modi inaugurated the Maritime India Summit 2016 in Mumbai, Maharashtra.
This is India’s first ever Maritime Summit and the flagship event organised by Union Ministry of Shipping.
On the occasion of this event, Union government also released a national perspective plan for the Sagarmala Project.
6. The Union Government has imposed an anti-dumping duty of up to US 149 dollars on imports of N-Butyl Alcohol from five countries viz. European Union (EU), Malaysia, Singapore and US.
In this regard, Central Board of Excise and Customs (CBEC) has issued a notification based on the recommendation of Directorate General of Anti-dumping and Allied Duties (DGAD).
DGAD in its investigation had found out that Normal Butanol, or N-Butyl Alcohol exported from five countries mentioned above was found to be below normal value compared to domestic value, thus causing material injury to domestic injury.
International – Across the Globe:
1. The Republic of Nauru, a tiny South Pacific island nation in Pacific Ocean became the 189th member of the International Monetary Fund (IMF) and World Bank i.e. Bretton-Woods institutions.
Nauru had applied for membership in the Washington-based IMF and World Bank in April 2014. Its initial subscription quota for IMF will be of SDR (Special Drawing rights) 2 million or about $2.81 million.
It will be the second smallest member of the Fund, after Tuvalu.
Appointments & Resignations:
1. The Constitutional Council of Nepal has selected Justice Sushila Karki for the post of Chief Justice (CJ) of the Supreme Court of the country.
With this selection she will become 26th chief justice of the apex court and the first female CJ in Nepal’s history.
Her nomination is expected to be confirmed by a Parliamentary Hearings Committee which endorses the recommendation.
2. US President Barack Obama has nominated MasterCard’s Indian-American CEO Ajay Banga as a member of the Commission on Enhancing National Cybersecurity.
Mr. Banga is one of the 10 members of the Commission which also includes General Keith Alexander former Director of the top US spying body National Security Agency (NSA).
The commission was established in February 2016 to make detailed recommendations to strengthen cybersecurity in both the public and private sectors while protecting privacy, ensuring public safety and economic and national security.
Bills – New & Amendments:
1. The Maharashtra legislature has unanimously passed the Maharashtra Prohibition of People from Social Boycott (Prevention, Prohibition and Redressal) Bill, 2016.
This is to end the menace social boycott practiced by extra-judicial institutions like caste and community panchayats.
With this Maharashtra became first state in the country to adopt a comprehensive law to root out oppression carried out by parallel justice delivery system (kangaroo court) in the name of age old traditions, caste and religion.
Memorandum of Understanding (MoU):
1. India and United States (US) have agreed to enhance collaboration on tackling offshore tax evasion and increase co-operation in sharing of cross-border tax information.
Decision in this regard was taken at the 6th US-India Economic and Financial Partnership meeting held in Washington on the sidelines of the annual Spring Meeting of the IMF and the World Bank.
It was co-chaired by the Union Finance Minister Arun Jaitley and US Treasury Secretary Jacob and a joint statement was issued.
2. India and South Korea have signed a Memorandum of Understanding (MoU) for cooperation and mutual assistance in development of ports.
It was signed by Union Road, Transport and Highways and Shipping Minister Nitin Gadkari and South Korea Oceans and Fisheries Minister Kim Young Suk in Mumbai, Maharashtra.
The MoU will help both countries to boost maritime relationship as well as encourage and facilitate the development of ports, port related industry.
Economics & Banking GK:
1. The National Payments Corporation of India (NPCI) has launched “Unified Payments Interface (UPI)” to revolutionise mobile payment system in the country.
It was launched by the Reserve Bank of India (RBI) Governor Raghuram Rajan. 29 banks have agreed to join the platform.
UPI seeks to provide uniform mobile payment system by leveraging digital trends such as increasing smart phone adoption and deeper penetration of mobile data.
Science & Technology:
1. Indigenously developed surface-to-air supersonic Akash missile System was successfully test fired from complex-3 of the Integrated Test Range (ITR) at Chandipuri in Odisha.
Akash is a mid-range surface-to-air missile (SAM). It is medium range nuclear capable supersonic missile.
Two rounds of Akash missiles were fired against Pilot less target aircraft (PTA) Lakshya, Unmanned Aerial Vehicle (UAV) Banshee and Para-barrel.
It successfully destroyed the targets coordinated by the user, demonstrating its ‘killing’ efficiency.
2. Nuclear capable submarine-launched ballistic missile (SLMB) code named K-4, was successfully test fired from an undisclosed location in the Bay of Bengal.
It was conducted by the Strategic Forces Command (SFC) along with Defence Research and Development Organisation (DRDO) which provided all logistics.
The missile was fired from 20-meter deep from onboard silos of the Ship Submersible Ballistic, Nuclear (SSBN) submarine.
During the test it successfully hit with high accuracy after covering more than 700 km distance.