DAILY UPDATED CURRENT AFFAIRS – 07.05.2017 TO 09.05.2017 DAILY UPDATED CURRENT AFFAIRS NATIONAL a) Facebook has launched its ―Express Wi-Fi‖ Supreme Court Sentences Justice Karnan to 6 commercially in India and the service is now Months Imprisonment available via 700 hotspots across four states of A seven-judge Constitution bench of the Supreme Uttarakhand, Gujarat, Rajasthan and Meghalaya. Court headed by Chief Justice J S Khehar has b) Express Wi-Fi is a part of Facebook‘s global sentenced the Calcutta High Court judge, Justice C S initiative to expand internet connectivity. Karnan to six months of imprisonment for repeated c) For the expansion of service, Facebook has incidents of contempt of court. This is the first time announced a partnership with Bharti Airtel for that the Supreme Court has sent a high court judge to setting up an additional 20,000 hotspots jail on charges of contempt. d) ―Express Wi-Fi‖ services are currently active in India elected as President of UN-Habitat Indonesia, Kenya, Nigeria, and Tanzania. a) India has been unanimously elected as the India poised to overtake Japan as No.3 solar PV president of the UN-Habitat, an organ of the market in 2017 United Nations to promote sustainable human a) With 8.8 GW of projected capacity addition settlements across the globe. (growth of 76 per cent over 2016) in 2017, India b) Union Minister of Housing & Urban Poverty is set to become the third largest solar PV Alleviation M.Venkaiah Naidu will preside over market, overtaking Japan, according to a report the deliberations of the Governing Council of by solar energy consulting firm Bridge to India. UN-Habitat for the next two years. b) By the end of 2017, India‘s solar power capacity c) He will chair the 26th Meeting of 58 member is expected to touch 18.7 GW, which will be Governing Council of UN-Habitat in Nairobi, about five per cent of global solar capacity, Kenya. growing by 89 per cent over last year. d) The theme of the meeting is ―Opportunities for c) As of March 2017, India had installed 12.2 GW effective implementation of the New Urban of utility scale solar capacity. Agenda‖ d) China stands first in Solar PV market. e) This is only the third time that India has been DIPP, WIPO to set up tech innovation centres elected as the President of UN-Habitat after 2007 Industrial promotion body DIPP and the World and 1988. Intellectual Property Organisation (WIPO) have CRPF Command Shifted from Kolkata to joined hands to establish Technology and Innovation Chhattisgarh Support Centres in the country, which are expected to The strategic anti-Naxal operations command boost generation and commercialisation of headquarters of the Central Reserve Police Force intellectual properties. (CRPF) has been shifted back from Kolkata to Raipur. The recent decision comes at the backdrop of BILATERAL ambush in Sukma district that killed 37 jawans of the India- Egypt: India will organise Tagore cultural paramilitary force. Festival in Egypt to mark the 156th birth anniversary India‟s First Bio Refinery Plant inaugurated in of Rabindranath Tagore from May 8-12. Tagore Pune Festival will be organised by the Maulana Azad Union Minister of Road Transport and Highway Centre for Indian Culture (MACIC), which is the Nitin Gadkari inaugurated the country‘s first bio- cultural wing of the Indian Embassy in Cairo. refinery plant which produces ethanol from the ICJ stays execution of Kulbhushan Jadhav by variety of biomass. The project is situated at Rahu in Pakistan Pune district. The International Court of Justice stayed the hanging Odisha to introduce boat ambulances in four of Indian national Kulbhushan Jadhav, who was districts sentenced to death by a Pakistani military court on Odisha will introduce boat ambulance service in four charges of spying. Jadhav was kidnapped from Iran districts i.e. Koraput, Malkangiri, Kendrapara and where he was involved in business activities after Kalahandi, where people face difficulties in getting retiring from the Indian Navy but Pakistan claimed to health service.In these districts, people face problems have arrested him from Balochistan on March 3, in availing 108 ambulance service due to intervening 2016. large water bodies in the form of rivers and dams 29th India-Indonesia Co-ordinated Patrol disrupting road communication. (CORPAT) Commences Facebook Launches „Express Wi-Fi‟ in India The 29th India–Indonesia CORPAT has commenced at Port Blair under the aegis of Andaman and Nicobar 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar-750015 1 Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] DAILY UPDATED CURRENT AFFAIRS – 07.05.2017 TO 09.05.2017 Command. The bilateral exercise is scheduled to be 2016-17 -6.6% held from 9th to 25th May. The Indonesian Naval 2017-18 -7.2% Ship KRI Sutedi Senoputra has arrived to take part in 2018-19-7.7% the 29th series of IND–INDO CORPAT. World Bank 2016-17 -7% INTERNATIONAL 2017-18 -7.6% Times Rich List 2017 2018-19-7.8% The 29th edition of the Sunday Times Rich List‘ Asian Development Bank (ADB) released the names of UK‘s 1000 wealthiest people 2016-17 -7.1% including 40 Indian-born citizens. Hinduja Brothers 2017-18 -7.4% Srichand and Gopichand have topped the list. 2018-19-7.6% Emmanuel Macron elected as President of France Emmanuel Macron, 39-year-old has been elected as the president of France. He has become the youngest New Heads of PSU Banks President of France. He will succeed François Bank CEO H.Q. Tagline Hollande. Bernard Cazeneuve is the PM of France. Allahabad Usha Kolkata A Tradition South Korea Election: Moon Jae-in elected as Bank- Ananthasubra of Trust President manian Democratic Party‘s candidate Moon Jae-in has been Indian R Subramania Chennai Good people declared winner in South Korea‘s presidential Overseas Kumar to grow with election by that country‘s National Election Bank Commission. Moon will replace the ousted President Union Rajkiran Rai G Mumbai Good People Park Geun-hye, who was ejected from office in Bank of to Bank with March after a corruption scandal for which she‘s India awaiting trial. Syndicate Melwyn Rego Manipal A Faithful & China‟s C919 Passenger Jet completed its Maiden Bank Friendly Flight Financial China‘s home-grown Twin-engine C919 completed Partner its maiden flight from Shanghai Pudong International Punjab Sunil Mehta New The name Airport. It is a part of China‘s broader ―Made in National Delhi you can bank China 2025‖ plan aimed at boosting its domestic Bank upon high-tech manufacturing. The made-by-China airliner Bank of Dinabandhu Mumbai Relationship is set to compete with Boeing 737 and Airbus 320, India Mohapatra beyond but is much cheaper. (COMAC) spent 11 years and banking £5 billion ($6.5 billion) developing the plane as a part Vijaya Sankara Bengaluru A friend you of China's aviation dreams Bank Narayanan can bank on IDBI Bank Mahesh Mumbai Banking For ECONOMY & BANKING Kumar Jain All, ―Aao Asia will continue to lead global growth: IMF Sochein a) According to IMF the growth of Asia-Pacific Bada‖ region is expected at 5.5 per cent for 2017 and Indian Lishore P Chennai Your Tech- 5.4 per cent for 2018, which are above the 5.3 Bank Kharat Friendly per cent registered last year. Bank b) The results are expected to boost the global average, which is forecast to be around 3.5 per SBI cuts low-cost home loan rates by 0.25% to cent for 2017 and 3.6 per cent for 2018, against 8.35% the 3.1 per cent recorded in 2016. a) State Bank of India has announced a 25 basis c) As per IMF India‘s growth is expected to 7.2 per points cut in home loans rate to 8.35 per cent per cent in 2017-18 and 7.7 per cent in 2018-19.It annum, the lowest in the market. also announced that Growth for 2016-17 is b) The new rate is effective from May 9. expected to decelerate to 6.8 per cent. c) The bank said the effective interest rate for all d) The IMF predicted a slight slowdown for China, eligible salaried customers will be 8.35 per cent with a growth rate of 6.6 per cent for 2017 and for loans up to Rs. 30 lakhs. 6.2 per cent for 2018. d) Besides, an eligible home loan customer can Growth rate fore cast by Intr. Org also avail of an interest subsidy of Rs. 2.67 lakhs IMF under the Pradhan Mantri Awas Yojana scheme. 1441, Opp. IOCL Petrol Pump, CRPF Square, Bhubaneswar-750015 2 Ph. : (0674) 6556677, 8093556677. Web : www.vanik.org, E-mail : [email protected] DAILY UPDATED CURRENT AFFAIRS – 07.05.2017 TO 09.05.2017 Forex Reserves Touch Life Time High of $372.73 early and check them by putting in place a billion corrective action plan (CAP). According to the Reserve Bank of India‘s weekly d) As per the new norms, RBI lowered the statistical supplement, India‘s foreign exchange threshold needed for implementing a CAP — (Forex) reserves have increased by $1.594 billion to decisions agreed to by a minimum of 60% of touch a lifetime high of $372.73 billion in the week creditors by value and 50% of creditors by that ended on April 28. number will now be valid. The components of India‘s Foreign Exchange e) Earlier, 75% of the lenders by value and 60% Reserves include: by number needed to sign off on a CAP.