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Important Current Affairs of 24th April

NATIONAL:

Money Loji launches App that offers loans for salaried professionals.

• A modern money lending platform named Money Loji launched an application which offers loan to salaried professionals within 5 minutes with flexible repayment options starting from 7 days to a maximum of 90 days.

• It follows a three-step process which are an application, approval, and disbursement and the app requires the users to upload an identity proof, an address proof, last 3 months bank statement alongside the salary slips.

• The eligibility criteria to avail this benefit are the minimum in-hand salary of Rs 20,000 per month and a minimum age of 23 years.

• It not only ensures security but also reduces the chances of data misuse backed by world-class security protocols to encrypt all the data.

INTERNATIONAL:

Arab League pledged USD 100 million per month to Palestinian Authority.

• The Arab League has pledged $100 million per month to the Palestinian Authority (PA) to make up for funds withheld by Israel because of payments made to the families of Palestinian attackers and prisoners.

• Palestinian President Mahmoud Abbas addressed the Arab League in Cairo, as part of a diplomatic effort to rebuff the Trump administration’s Middle East peace plan.

Israel collects taxes on behalf of the PA but withheld $138m in transfers in February over Palestinian payments to political prisoners jailed for attacks against Israelis.

In 1967, Israel illegally occupied the eastern half of Jerusalem, as well as the West Bank and the Gaza Strip - and in 1980, passed a law declaring Jerusalem as the eternal and undivided capital of Israel. The Palestinians seek those territories for a future state.

New community in Golan heights to be named after President Trump.

• Israeli Prime Minister Benjamin Netanyahu has announced that he would name a new community in theGolan Heights after US President Donald Trump. President Trump has officially recognised the disputed area as Israeli territory.

Israel has also stated that in appreciation of the U.S. president, it intends to name a proposed train station near Jerusalem’s Western Wall after him. Israel captured the Golan from Syria in a 1967 war and annexed it, in a move not recognized internationally.

AGREEMENTS AND MOUS:

FIEO joins hands with Welingkar Institute of Management to support startups in exports.

• Federation of Indian Export Organisations (FIEO) inked an agreement with Mumbai-based Prin. L N Welingkar Institute of Management Development and Research in order to support startups engaged in the export sector.

Under the memorandum of understanding (MoU), FIEO launched a post graduate programme in foreign trade management (PGP-FTM) at Mumbai.

• The main aim of this industry-academia partnership is to attract new entrepreneurs in exports to bridge the gap of availability of qualified skilled manpower in Exim trade.

The programme consist of general management principles, export-import procedures, and international marketing concepts and the duration of the programme will be 11 months.

• The programme will be offered in 2 batches.

Ministry of AYUSH signs MoU with CSIR for research and modern science.

• The Ministry of AYUSH signed MoU with the Council of Scientific and Industrial Research (CSIR) for cooperation in research and education in areas of traditional systems of medicine and its integration with modern science. The aim is to bring both Ministry of Ayush and CSIR together to pursue focused R&D efforts in the domain. Under the MoU, both organizations shall jointly endeavor to pursue:

• R&D covering Fundamental research

• AYUSH specific diagnostic tools, linking microbiome, gene expression and Prakriti, multi- ingredient herbal formulations, including their standardization

• Exploring modern scientific methods for integration with traditional Indian Systems of Medicine (ISM)

• Linking disease signatures

• Furthering the collaboration in preserving and protecting traditional knowledge related to the Indian systems of healthcare, through the existing TKDL platform

• Development of international standardized terminologies (disease-morbidity codes) in Ayurveda, Siddha and Unani (ASU), Database on Medicinal plants, Foods, etc.

• Enhancing the collaboration through joint R&D efforts ranging from fundamental science to validation and thereafter product development, will significantly help in the growth of the Indian contributions to the traditional medicines sector, not only nationally but internationally as well. The MOU also includes the pursuit of Data mining & analytics and Artificial Intelligence to enable and facilitate concepts such as Traditional knowledge inspired drug discovery and development and Food as Medicine.

BANKS AND ECONOMICS:

BofAML in report notifies that RBI has Rs.3 lakh crore (43$ million) in excess reserves.

• Bank of America Merrill Lynch (BofAML), the excess reserves that RBI holds could be up to Rs.3 lakh crore ($43 billion) or 1.5% of the GDP (Gross Domestic Product).

This also includes the excess capital in contingency reserves and revaluation reserves.

• The Bimal Jalan committee on the appropriate capital reserves for RBI was likely to identify this excess buffer. The committee was set up in December-end with a 6-member panel headed by former RBI governor Jalan.

Indranil Sen Gupta, chief India economist at BofAML notified that RBI maintains higher contingency reserves as a percentage of its total book compared to its peers in Brazil, Russia and South Africa, thus a lower cap will bring in more funds.

The BofAML report stated that capping overall reserves at 20% from 25.5% will release Rs. 1.96 lakh crore and there is no specific hindrance which would deter RBI from transferring the money to government.

• As of September 2018, the excess capital with RBI was Rs.9.6 lakh crore. If the cap is halved to 3.25% from the present 6.5%, it will release Rs. 1.282( around Rs. 1.3 lakh crore) lakh crore.

• Along with revaluation gains ranging from Rs. 300 crore to Rs. 1.8 lakh crore, RBI would be able to transfer the excess reserves to the government which can be used to recapitalize the country’s struggling state-run banks.

Deposits in Jan Dhan accounts are set to cross Rs 1 lakh crore mark.

• The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on April 3, as per the latest government data.

The total number of Jan Dhan accounts have crossed 35.39 crore.

The deposits stood at Rs 96,107.35 crore on March 27 and Rs 95,382.14 crore in the week before.

• More than 27.89 crore account holders have been issued the Rupay debit cards.

Govt. increased the authorised capital of Allahabad Bank.

• The government has increased the authorized capital for the State-owned Allahabad Bank stated by Rs 5,000 crore to Rs 8,000 crore. The central government after consultation with the Reserve Bank of India (RBI) increased the authorized capital of the bank.

• The increase in authorized capital will help enable the bank to raise further fund up to a maximum ceiling of Rs 8,000 crore.

• What is an Authorized Capital?

• It is the maximum amount of share that a company is authorized to have by its constitutional documents to issue to the shareholders. It is not necessary to issue the whole amount of the authorized capital, part of it can remain unissued. The amount of share that is issued to the shareholder is called the issued share capital of the company. To put in other words, authorized capital is the one which is the maximum amount of value of securities that a company can legally issue to the shareholders. The Authorized capital needs to be specified in the Memorandum of Association(MOA).

• Authorized capital is broadly divided into the:

• Issued capital

• Paid up capital

• Uncalled capital

APPOINTMENTS AND RESIGNATIONS:

Michelin-star chef Vikas Khanna named brand ambassador of Indo-American Arts Council (IAAC).

• Vikas Khanna, Michelin-star chef named as brand ambassador of Indo-American Arts Council (IAAC), a leading cultural organisation which will organise the annual New York Indian Film Festival (NYIFF) that would showcase the chef’s film ‘The Last Color‘ and Nawazuddin Siddiqui-starrer ‘Photograph’.

• The New York Indian Film Festival is North America’s longest-running and most prestigious Indian film festival that would be organised from May 7 to 12, 2019.

The festival will showcase 30 feature-length films, including 3 documentaries, 30 shorts and 19 regional films.

Uday Kumar Varma resigns from Assocham Secretary General post.

• Uday Kumar Varma, a former bureaucrat retired from the post of Secretary, Ministry of Information and Broadcasting, resigned from the post of The Associated Chambers of Commerce and Industry (Assocham) Secretary-General. Currently, Assocham’s Deputy Secretary-General Saurabh Sanyal is discharging the duties of secretary general.

Twitter appoints Manish Maheshwari as new India MD.

• Manish Maheshwari, who previously served as the CEO of Network18 Digital, takes over the new role from April 29.

Prior to Network18, Maheshwari has worked with Flipkart, txtWeb, Intuit, McKinsey and P&G.

• Manish will be responsible for driving an integrated business strategy to accelerate Twitter’s audience and revenue growth in the country, overseeing Twitter India’s teams in Delhi, Mumbai and Bengaluru.

• He will be based in Delhi.

• Manish will report to Maya Hari, Twitter’s vice president and managing director of Asia Pacific.

• The appointment comes amid growing concerns over spread of misinformation on social media platforms across the world, including India.

India is among one of the biggest markets for internet companies like Facebook, Google and Twitter, given the large base of young population.

Twitter, which has over 30 million users in India (according to statista.com), had

• appointed Krish as an interim country head.

DAYS:

India observes National Panchayati Raj Day on 24th April.

• The National Panchayati Raj Day is celebrated every year in India on 24th April. The Constitution of India recognizes Panchayats as 'Institutions of self-government'. This day marks the passing of Constitution (73rd Amendment) Act, 1992 that came into force with effect from 24 April 1993. The Amendment Act permits states to take steps to organize village panchayats and provide them with necessary powers and authority necessary to facilitate them to function as units of self-government.

• National Panchayati Raj Day:

The first National Panchayati Raj Day was celebrated in 2010. The enactment of the 73rd Amendment Act had led a defining moment in the history of India which helped in the decentralization of political power to the grassroots level. In turn, it had led to the institutionalization of Panchayati Raj (PR) through the village, Intermediate and District level Panchayats.

• Constitution (73rd Amendment) Act, 1992:

The Constitution (73rd Amendment) Act, 1992 came into force with effect from 24th April, 1993. It has vested constitutional status on Panchayati Raj institutions. It marks a defining moment in the history of decentralization of political power to the grassroots level. The 73rd Amendment 1992 added a new Part IX to the constitution titled The Panchayats covering provisions from Article 243 to 243(O). A new Eleventh Schedule covering 29 subjects within the functions of the Panchayats. It implemented article 40 of DPSP which says that State shall take steps to organize village panchayats and endow them with such powers and authority as may be necessary to enable them to function as units of self-government.

AWARDS:

Swacchta Pakhwada Awards 2019 awarded to All India Radio.

• All India Radio, Publication Division and Children’s Film Society of India were given Swacchta Pakhwada Awards-2019 in New Delhi.

Secretary in the Information and Broadcasting Ministry Amit Khare gave away the awards.

• Director General of All India Radio F. Sheheryar and Director General (News) Ms. Ira Joshi received the Award for All India Radio.

Press Council of India, Press Information Bureau and BECIL were also mentioned during the award ceremony for their efforts during the Swacchta Pakhwada.

Benny Antony won National Intellectual Property Award.

• Benny Antony, Joint Managing Director, the Kochi-based Arjuna Natural Ltd, has been conferred with the National Intellectual Property Award for 2019 in the category of Top Individual for Patents and Commercialization.

He is the inventor of BCM-95, the world’s leading patented turmeric extract formulation, with over 80 international patents to his credit.

Antony was also conferred with the ‘WIPO Medal for Inventors’ jointly by Intellectual Property Office India and the World Intellectual Property Organisation (WIPO).

SPORTS:

Bajrang Punia won gold at the Asian Wrestling Championships 2019.

• World No.1 Bajrang Punia won India’s first gold medal in the 65 kg category at the Asian Wrestling Championships 2019 in Xi’an, China.

Bajrang defeated Sayatbek Okassov of Kazakhstan 12-7 in the final to bag the medal.

• Meanwhile, Praveen Rana settled for silver and Satyavrat Kadian won bronze in 97 kg category.

• Apart from these two, in the women’s event, India’s top wrestlers Vinesh Phogat, Sakshi Malik, Pooja Dhanda and Divya Kakran are also in contention.

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Important Current Affairs of 16th April

NATIONAL:

India’s 1st indigenously made long-range missile Nirbhay successfully test fired

• Defence Research Development Organisation (DRDO) successfully test fired the India’s first indigenously designed and developed long-range sub-sonic cruise missile 'Nirbhay' from a test range in Odisha’s Chandipur.

• 'Nirbhay' is designed to carry conventional and 300-kilogram  nuclear warheads. The missile weighs 1,500 kg, width of 0.52 meters and has a wingspan of 2.7 metre. It is all-weather missile and can be launched from multiple platforms. It also has the capability to strike land targets at a distance of up to 1,000 kilometers.

• It has the ability to fly at low altitudes in order to avoid detection by enemy radar. The missile is armed with a Ring Laser Gyroscope (RLG) based guidance, control and navigation system. It is also equipped with a MEMS-based Inertial Navigation System (INS) and the GPS system.

• The organisation had conducted five trials since 2013 before this. The last successful trial of ‘Nirbhay’ cruise missile was conducted on November 7, 2017.

INTERNATIONAL:

China developed the world’s first armed amphibious drone attack boat named Marine Lizard.

• Marine Lizard was built by Wuchang Shipbuilding Industry Group under China Shipbuilding Industry Corporation (CSIC).

• It could be used in land and sea assault operations. The amphibious Marine Lizard can possibly form an unmanned sea-land-air integrated combat system with aerial armed reconnaissance drones and other drone ships.

•  It has a maximum operation range of 1,200 kms and can be remotely controlled via satellites.

•  In ship form, the 12-metre-long Marine Lizard is a trimaran propelled by a diesel-powered hydrojet and can reach a maximum speed of 50 knots while maintaining stealth.

AGREEMENTS, MOUS AND SUMMITS:

CMFRI Signs Agreement with ISRO To Save Coastal Wetlands.

• The Central Marine Fisheries Research Institute (CMFRI) and the Indian Space Research Organisation (ISRO) have joined hands to map, validate and protect smaller wetlands in coastal regions.

• The programme is aimed at restoring them through coastal livelihood programmes.

• The MoU was signed between the CMFRI and the Space Applications Centre of ISRO to develop a mobile app and a centralised web portal that will have a comprehensive database of wetlands that are smaller than 2.25 hectares in the country.

India to partner with Japan and UAE to set up two projects in Africa.

• India will build a cancer hospital in Kenya in collaboration with Japan. Also, India will partner with the UAE to set up an ICT centre (Information and Communications Technology center) in Ethiopia.

• Through this partnership, India has undertaken many projects like the ambitious Pan African e-network project on tele-education and tele-medicine which provides “integrated” satellite, fiber optics and wireless network between educational and medical institutes in Africa and India.

• Africa is the focus under the Narendra Modi government amid China's push in the continent and countries from Europe are also keen to partner India for projects in third countries in Africa.

The 4th Resilient Cities Asia-Pacific Congress 2019 started in New Delhi

• The 4th Resilient Cities Asia-Pacific Congress 2019 organised by the International Council for Local Environmental Initiatives (ICLEI) and co-hosted by South Delhi Municipal Corporation started in New Delhi.

• It will conclude on 17th April 2019. It offers a lot of innovative solutions that build resilience to climate change at the sub-national level. Local governments in the Asia Pacific region are the main target of the event. The RCAP 2019 is a platform for discussing the opportunities and mechanisms of executing the Nationally Determined Contributions (NDCs).

• The proposed themes that have been recognised for RCAP 2019 are: Integrated climate resilience planning to manage risks and vulnerabilities Good governance and resilience Nature-based solutions to adaptation Climate knowledge brokering Opportunities for regional networking and collaboration Sustainable infrastructure development and green growth Urban Nexus Financing mechanisms for Asian cities About Resilient Cities Asia-Pacific.

BANKS AND ECONOMICS:

NBFCs, MFIs raised Rs.26,000 crore through Securitisation.

• Non-banking finance companies (NBFCs) and microfinance companies (MFIs) raised about Rs.26,200 crore through securitisation in FY19, despite tight liquidity conditions. It is a growth of 170% over FY18. In FY18, NBFCs and MFIs raised Rs.9,700 crore through securitisation. The sectors faced tight liquidity conditions in FY19 after a series of defaults by Infrastructure Leasing and Finance Services (IL&FS).

• A report by rating agency Icra stated that their reliance on the securitisation route to raise funds increased to help meet their growth targets in FY19. In FY18 and H1FY19, securitisation contributed to only 18-20% of the overall disbursements. However, this number leapfrogged to 37% and an estimated 50% in the third and fourth quarters of FY19, respectively.

•  Investors were also comfortable buying retail loan portfolios originated by these entities as opposed to taking direct on-balance sheet credit exposure, especially for small and medium sized entities. What is Securitisation? Pooling various types of contractual debt (such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). 

• Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the financing.  Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS).

Wholesale price inflation increased to 3.18 percent in March.

• Wholesale price inflation increased to 3.18% in March on costlier food and fuel. The Wholesale Price Index (WPI) based inflation was at 2.93% and 2.76% in February and January 2019, respectively, and 3.46% in December 2018. It was 2.74% in March 2018. Inflation in Category wise:

• Food articles: Inflation in the food articles basket hardened to 5.68% during March 2019 as against 4.28% in February, as prices of vegetables raised high. Vegetable inflation was at 28.13% in March, up from 6.82% in the previous month. However, inflation in potato cooled substantially to 1.30%, from 23.40% in February. Pulses and wheat witnessed some cooling in inflation at 10.63% and 10.13%, respectively. 

• In protein-rich items such as ‘egg, meat and fish’ saw inflation fall to 5.86% during March.

• Fuel and power: In this category, the inflation spiked to 5.41%, from 2.23% in February.  Inflation in diesel shot up to 7.33% during the month from 3.72% in February. In petrol, inflation was 1.78% in March, as against a deflation of 2.93% in February.

• Wholesale Price Index (WPI): The price of a representative basket of goods at the wholesale stage is referred to as the Wholesale Price Index. It consists of over 2400 commodities. Wholesale goods refer to goods which are sold in bulk and are traded between different corporations and not consumers. The price of goods traded between consumers is called the consumer price index. WPI is used by the Government of India and the Reserve Bank of India to frame the monetary and fiscal policies.

• What is Inflation? An increase in the general level of prices in an economy is termed as inflation. If the price of one good has gone up it is not inflation, inflation occurs only when the prices of most goods have gone up. Inflation leads to a decrease in the purchasing power of the currency which means that the same amount of money will buy fewer goods. The modern economists say that inflation occurs as a result of the creation of extra purchasing power to the consumer over the same level of production. This means that extra money is generated in the economy without an increase in the level of production.

A unique proposition to pay electricity bill on EMIs launched by Bajaj Finserv

• A unique proposition to pay electricity bill on EMIs launched by Bajaj Finserv through its lending arm Bajaj Finance Ltd.

•  through the campaign of #BijliOnEMI.

• Customers can avail an Insta Credit loan in their Bajaj Finserv Wallet to pay their electricity bills on EMI. Bajaj Finance Ltd. financed the purchase of over 12 lakh air conditioners across our country in the year 2018.

• Bajaj Finance Ltd launched this campaign and customers buying air conditioners of Rs 20,000 and above will be eligible for Rs 5000 Instant Credit loan and for the air conditioners above Rs 40,000 will receive Rs 7000 Instant Credit loan to their Wallet.

• The Wallet facilitates the customer to access the EMI network card digitally, like tracking loan-related details online, transacting securely with EMIs on purchases, etc.

AWARDS:

Three teams from India are awarded in NASAs Human Exploration Rover Challenge

• NASA has awarded three teams from India as part its annual Human Exploration Rover Challenge, which invites high school and college students to build and test roving vehicles for future missions to the Moon, Mars and beyond. Nearly 100 teams took part in the competition.

• The team from KIET Group of Institutions in Ghaziabad, Uttar Pradesh, won the “AIAA Neil Armstrong Best Design Award”. The Mukesh Patel School of Technology Management and Engineering from Mumbai, Maharashtra, won the “Frank Joe Sexton Memorial Pit Crew Award”. A team from Lovely Professional University in Phagwara, Punjab, won the “STEM Engagement Award”.  

• NASA Human Exploration Rover Challenge: The NASA Human Exploration Rover Challenge is to encourage research and development of new technology for future mission planning and crewed space missions to other worlds. The NASA Human Exploration Rover Challenge prior to 2014 referred to as the Great Moonbuggy Race. It is an annual competition for high school and college students to design, build, and race human-powered, collapsible vehicles over simulated lunar/Martian terrain. The competition was first held in 1994. NASA sponsors the competition since 1996, the U.S. Space & Rocket Center, hosts.

Crying Girl photo by John Moore won the World Press Photo of the Year Award.

• Veteran Getty Images photographer John Moore’s photograph of a young girl Yanela Sanchez crying as she and her mother are taken into custody by US border officials in McAllen, Texas, USA, after crossing into the US from Mexico won the World Press Photo of the Year and the first prize in the Spot News, Singles, category.

• He received €10,000 (£8,600) as prize amount. Dutch-Swedish photographer Pieter Ten Hoopen won the “World Press Photo Story of the Year Award” for the image of 2018 mass-migrant caravan to the US border. For 62 years, the World Press Photo Foundation has recognized the best contributions to visual journalism by professional photographers through its international World Press Photo Contest. This year's winners were selected from 78,801 images entered by 4,738 photographers world-wide.

Pulitzer Prize for New York Times and Wall Street Journal.

• The New York Times and The Wall Street Journal were awarded Pulitzer Prizes for their separate investigations of President Donald Trump and his family.  The Times won the prestigious journalism award for a probe of the Trump family’s finances that debunked his claims of self-made wealth and revealed a business empire riddled with tax dodges. The Associated Press won a Pulitzer for international reporting for its coverage of the war in Yemen. Reuters was honoured for international reporting for its coverage of atrocities committed against Rohingya Muslims in Myanmar.

SPORTS:

Golfer Tiger Woods won fifth green jacket and 15th major title.

• Golfer Tiger Woods won fifth Masters and 15th major title at Augusta National Golf Club. It was the 43-year-old American golfer’s first major title victory in 11 years and his first Master’s win since 2005. All-time leader, Jack Nicklaus is just three major titles ahead of the former world No.1.

Mumbai Shuttler Dani clinches Dutch International badminton title 2019.

• India’s Harsheel Dani, a former junior national champion, defeated Mads Christophersen of Denmark, world no 149, to clinch the 20th Victor Dutch International Badminton title in Wateringen, The Netherlands with a 15-21, 21-12, 21-13 victory in a 47-minute clash.

• It was the second win for Dani opposite Christophersen.  The 22-year-old won the Ghana international crown in 2018 second Karvy All India junior-ranking badminton tournament in 2012.

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Important Current Affairs of 11th April

NATIONAL:

Arappor Iyakkam launched the Arappor App.

• Arappor Iyakkam launched the Arappor App, which is available free on Google Playstore, offering details of all candidates contesting in the Lok Sabha elections in Tamil Nadu and Puducherry. The app is aimed at creating awareness among the people about the candidates in their constituencies.

• This is an effort to make people aware of the choices they have before they go to vote on April 18.

• This information is based on the declaration by the candidates in their affidavits. It is expected that all voters should use this app to know the details of candidates in their constituency.

• The details include educational background, profession, annual income in the last five years, asset, liabilities, and details of criminal cases pending against them.

• The app can be downloaded on any android mobile from the link http://bit.ly/KnowYourCandidates-Arappor in both English and Tamil. It has been presented in a simple app. It will soon be updated with information on the by elections for Assembly constituencies.

Government clears procurement of 464 T-90 tanks from Russia.

• Amid increased tensions with Pakistan, the Central government has cleared the procurement of 464 T-90 tanks from Russia in a deal worth over Rs 13,500 crore.

•  Under the new deal, the tanks would be provided to the Armoured Corps of the force which will use them for deployment along the border with Pakistan.

• The deal would increase the number of T-90s in the Army to close to 2,000 along with the remaining T-72 and T-55s. The Indian Army had first purchased T-90 tanks in 2001 when 310 units were ordered.

• The Indian Army is projected to have a force of over 1,600 T-90 tanks by 2020. The army is also looking to develop new tanks under the Futuristic Main Battle Tank project. The Army also operates two regiments of the Arjun Mark 1 tanks, which are mainly used in the desert terrain due to their weight.

Dost Education win the Next Billion Edtech Prize.

• India's education technology startup 'Dost Education' has bagged a $25,000 Next Billion Edtech Prize 2019.

• Two other startups, Ubongo (Tanzania) and PraxiLabs (Egypt), also won the award. Dost Education was awarded for its ability to empower parents to take charge of their child's early education by creating short, friendly audio content that is sent to them via their mobile phones.

• Because of this app low-income families need no longer send their children to primary school behind and without a chance to catch up.

President Ram Nath Kovind launched Veer Parivar App.

• On April 9th, the Central Reserve Police Force (CRPF) celebrated its 54th Valour Day (Shaurya Diwas). On the occasion, President Ram Nath Kovind launched 'Veer Parivar App', a mobile application for families of CRPF personnel killed in the line of duty.

• About the Veer Parivar App:

♦ The App is an interface between the CRPF authorities and the next of kin of the slain personnel. It will be installed securely on the phones of the slain personnel families and will not be available in the app stores.

♦ The app will provide assistance to the families of the martyred CRPF personnel with regard to issuance of ex gratia, pension benefits etc. The app will also provide all the necessary information regarding the welfare schemes introduced for them by the government.

♦ The App will provide assistance to the families on a real-time basis and the CRPF authorities will respond to the issues raised by the members of the families of the slain personnel. 54th Valour Day or Shaurya Diwas:

♦ The CRPF celebrates 9 April as Shaurya Diwas or Valour Day to commemorate the defence of the Sardar Post in the Rann of Kutch at the onset of the India-Pakistan War of 1965.

♦ In the intervening night of 8 and 9 April 1965, nearly 3500 men from the 51st Infantry of Pakistani Army invaded India at Sardar Post. The Pakistani Army comprised 18 Punjab battalion, 8 Frontier Rifles, and 6 Baluch battalion. Their mission was to capture the Indian territory defended by Sardar Post.

♦ The post was guarded by two battalions of CRPF, roughly 150 soldiers. Compared to the Pakistani Army, the CRPF soldiers were no match in terms of an arsenal. Additionally, the terrain was disadvantageous for the defending forces.

♦ A fight ensued in which the Pakistani Army made three attempts to overrun the post. The battle lasted for 12 hours. In the end, the Pakistani Army fled the battleground leaving behind 34 of their men dead and CRPF lost six of its brave soldiers. Ever since the day has been celebrated by the CRPF as the Valour Day or Shaurya Diwas.

INTERNATIONAL:

British Governments white paper named online harms draws focus to users (mostly childrens) safety

• British government’s ‘white paper’ which is open for public consultation termed as ‘online harms’, focuses to make online social media platforms responsible to safeguard users, especially children.

• Since all of the social media platforms use strong algorithms leading to echo-chambers, where a user is bombarded with only blinkered content (according to the user’s web-browsing) instead of multi-directional content (i.e. seeing a variety of voices and opinions), all of which can affect children’s brain; the white paper proposes the compulsory ‘duty of care’ on various social media platforms for taking reasonable steps to protect users (focusing on children) from getting harmed.

SUMMITS:

Seventeenth MENA World Economic Forum Held In Jordan.

• World Economic Forum in the Middle East and North Africa (MENA) took place at Jordan’s Dead Sea. 

• The forum assembled more than 1,000 government, business and civil society leaders from more than 50 countries.

• The forum was themed on three major visions:  Generating job opportunities, Empowering Arab women and promoting the most intriguing startups that have joined the region’s industry over the past years.

• About World Economic Forum Motto: Committed to improving the state of the world Formation: January 1971; 48 years ago (as European Management Forum) Founder: Klaus Schwab Type: Nonprofit organization.

BANKS AND ECONOMICS:

Emirates Islamic became world's first Islamic bank to launch banking via WhatsApp.

• Dubai based Emirates Islamic has announced the launch of Chat Banking services for customers via WhatsApp, marking a global first in the Islamic banking sector.

• The Chat Banking solution allows customers to use features such as checking account balances and temporarily blocking or unblocking of an existing card.

•  All messages on Emirates Islamic’s verified WhatsApp Business account are encrypted, ensuring confidentiality and security.

HDFC AMC Ranks 1st In Terms Of Assets: AMFI Report.

• India’s asset management companies (AMCs) own assets under management (AUM) worth Rs24.46 trillion according to data released by the Association of Mutual Funds in India (Amfi). HDFC Asset Management Co.

•  Ltd claimed the top spot with an average AUM of Rs3.42 trillion, overtaking ICICI Prudential Asset Management Co. Ltd with an average AUM of at Rs3.20 trillion.

Govt retains interest rate for General Provident Fund at 8%.

• Union government retained the interest rate for General Provident Fund (GPF), Contributory Provident Fund and other related schemes at 8 per cent for the first quarter of the current financial year 2019-2020.

• The interest rate on these funds was at 8 per cent in the January-March quarter of 2018-19 and government kept it unchanged for April to June for 2019-20. 

• The Department of Economic Affairs, in a notification, the mentioned interest rate will be applicable on provident funds of central government employees, railways and defence forces. 

APPOINTMENTS AND RESIGNATIONS:

SC Collegium recommends Justice Vikram Nath as First Chief Justice of Andhra Pradesh HC.

• Supreme Court Collegium recommended that Allahabad High Court judge, Justice Vikram Nath appointed as the first Chief Justice of the recently constituted Andhra Pradesh High Court at Amaravati. The office of the Andhra Pradesh High Court Chief Justice has been lying vacant since the day of its inception.

• Justice Vikram Nath obtained his law degree in 1986. Following his enrolment in 1987 and he practised in the Allahabad High Court. He was appointed an additional judge of the Allahabad High Court in 2004.

Algeria MPs elect Abdelkader Bensalah as first new president in 20 years

• Abdelkader Bensalah was appointed president for a three-month transitional period after weeks of mass protests led to the resignation of long-serving former President Abdelaziz Bouteflika on April 2.

• Algeria's newly appointed interim President Abdelkader Bensalah announced the election would be held on July 4 to vote for a new president. However, the 77-year-old Bensalah is barred under the constitution from running in the upcoming election.

Benjamin Netanyahu elected for 5th term as Israel's Prime Minister.

• Netanyahu defeated centrist ex-military chief Benny Gantz, whose nascent Blue and White party emerged as a viable alternative to Netanyahu's decade in power.

• With over 97% votes counted, Netanyahu's Likud party tied with the Blue and White party, winning 35 seats each in the 120-member Knesset.

• Netanyahu's victory came amid allegations of corruption against him and his wife. His campaign has focused heavily on his friendship with President Donald Trump and his success in cultivating new allies, such as China, India and Brazil.

Karnam Sekar to be appointed as MD, CEO of Indian Overseas Bank.

• The Central Government made important management appointments to several public sector banks. 

• According to the Department of Personnel and Training, Appointments Committee of the Cabinet (ACC) approved the appointment of Karnam Sekar as MD and CEO in Indian Overseas Bank. Karnam Sekar is currently the CEO and MD of Dena bank. 

• The new designation will be effective from July 1, 2019.

DAYS:

National Safe Motherhood Day is celebrated on April 11.

• National Safe Motherhood Day (NSMD) is observed annually on 11 April to raise awareness about the proper healthcare of women and maternity facilities to pregnant and lactating women. The theme of 2019 NSMD is "Midwives for Mothers".

• Last year’s NSMD theme was ‘Respectful Maternity Care’. This day also raise awareness for the prevention of child marriages that may be an indirect cause of maternal deaths. About National Safe Motherhood Day (NSMD):

♦ this day is an initiative of the White Ribbon Alliance India (WRAI) to provide women with various healthcare programs during pregnancy, childbirth and post-natal services.

♦ This day is first celebrated in 2003.

♦ 11 April is the anniversary day of Kasturba Gandhi's birth. Facts about Maternal Mortality according to WHO:

♦ Approximately 830 women die every day from preventable causes related to pregnancy and childbirth.

♦ In developing countries 99% maternal deaths occurs.

SPORTS:

India bow out of 2020 Olympic Qualifying tournament.

• The Indian women’s football team bowed out on an opportunity to qualify for the third round of the 2020 Olympic qualifiers. The Indian team win to top Group A but it lead twice to play out a 3-3 draw against Myanmar to bow out of the competition.

Virat Kohli and Smriti Mandhana named the Wisden's Leading Cricketers in the World

• In the 2019 (156th) edition of the Wisden Cricketers' Almanack published recently, Indian cricket captain Virat Kohli and women's cricketer Smriti Mandhana were named the Leading Cricketers in the World.

• Kohli has won the honour for an unprecedented third year in a row while it’s the first time Smriti has won the honour.

• Kohli scored 2,735 runs across the three formats in 2018 while Smriti scored 669 and 682 runs in ODIs and T20s respectively. Afghanistan spinner Rashid Khan was named the Leading T20 cricketer for the second year in a row.

• Wisden's Cricketers of the Year was also awarded to four other Cricketers namely English cricketers Jos Buttler, Sam Curran, Rory Burns and Tammy Beaumont, for their performances in the 2018 English summer.

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Important Current Affairs 7th April 2019

SUMMIT:

ICAT to organize NuGen Mobility Summit in November.

• The International Centre for Automotive Technology (ICAT) is to organize a NuGen Mobility Summit, 2019, at Manesar, NCR, from 27th to 29th November 2019.  The summit will help in building a platform for bringing together all stakeholders in the automotive industry to understand global advancements in technologies.

• The summit aims to bring together the automotive OEMs, professionals, researchers, academic experts, vehicle system suppliers, test equipment supplier, quality managers, product planners, component developers, SAE members and students from all over the world.

• Track demonstrations, drive-touch-feel activity and lab demonstrations on upcoming vehicle technologies like connected mobility, autonomous vehicles, electric mobility, alternate fuels, intelligent transportation system, hydrogen fuel cell, hydrogen IC engine, vehicle dynamics, advanced materials and lightweight, end of life vehicles and recycling are the uniqueness of this event.

CAMPAIGNS:

MRM launches campaign to garner Muslim support for strong & stable government.

• Muslim Rashtriya Manch (MRM), a social and educational reform movement working among the Muslims in India since 2002, undertaking the campaign to create awareness among the Muslim voters to cast their vote for a strong government at the Centre to ensure the all-round development of all the citizens.

• The MRM had done a similar exercise in 2014 to secure Muslim vote to its maximum all over the country. This time too, the MRM has decided to launch such a campaign especially when the Modi government had done so much for the Muslims of India.

INTERNATIONAL:

Pakistan opened a route for flights out of India.

• Pakistan has opened one route for west-bound flights from India more than a month after it shut its airspace for all civilian flights following the Indian Air Force’s strikes at Balakot. A decision on opening a passage for flights overflying Pakistan and entering India is yet to be taken.

• The route that has been opened passes from near Mumbai and enters southern Pakistan. This is only one of the 11 exit and entry points between India and Pakistan. Since the ban by Pakistan on the use of its airspace, several flights within Asia, between Asia and West Asia or Europe or the U.S. were forced to take a longer route, entailing an increase in flight duration and sometimes a halt for refuelling.

• This led to an increase in operational costs, forcing many airlines to cancel flights or hike fares.

SPORTS:

Virat Kohli becomes all-time leading IPL scorer during 49-ball 84.

• Virat Kohli hit his 35th fifty in the Indian Premier League as Royal Challengers Bangalore sought to bounce back following four successive defeats this season.

• Up against Kolkata Knight Riders, Kohli came out all guns blazing and became the 2nd fastest after Chris Gayle to reach 8000 T20 runs. RCB have struggled in the 2019 IPL and Virat Kohli had failed to lead from the front in the first four matches.

•  However, back in Bengaluru, Kohli hit top gear against a top bowling attack and blazed away to a 49-ball 84. This was Kohli's first fifty of the season. Virat Kohli had smashed 973 runs and 4 hundred as RCB came from nowhere to storm into the final against Sunrisers Hyderabad.

DAYS:

World Health Day observed on 7th April.

• World Health Assembly decided to celebrate 7 April of each year as the World Health Day, with effect from 1950.

•  World Health Day is one of eight official global health campaigns marked by WHO, along with World Tuberculosis Day, World Immunization Week, World Malaria Day, World No Tobacco Day, World AIDS Day, World Blood Donor Day, and World Hepatitis Day. The theme of World Health Day 2019 is Universal health coverage: everyone, everywhere.

NATIONAL:

Micromax Co-founder unveils Indias first AI-enabled e-motorcycle brand.

• Rahul Sharma, cofounder of Indian phone maker Micromax, has forayed into the electric vehicle space. He has started a new enterprise called Revolt Intellicorp Pvt. Ltd, with plans to launch an artificial intelligence (AI) based motorcycle. He has invested between INR 400 Cr - INR 500 Cr in this new venture. The proposed AI-enabled motorcycle will have a range of 156.8 km and a top speed of 85km/hr. The commercial launch of the motorcycle is scheduled in June this year.

BSNL announced a slew of tariff plans for Ugadi.

• Bharat Sanchar Nigam Limited (BSNL) announced a slew of tariff plans as part of its Ugadi offering in Hyderabad.

• It also announced three new pre-paid plans to meet the demand of consumers who want voice-focussed plans rather than data-heavy ones. 

• BSNL has seen its rise in market share from 10.8% to 11.58%. Its consumers are using 8 TB data everyday and 42,600 existing users have shifted to 4G SIM showing the quality of our network and service.

•  Incidentally, BSNL Telangana Circle’s 4G roll-out plan has eluded Hyderabad so far.

Government sells Rs 1,150 crore worth 'enemy shares' in Wipro.

• A total of 44.4 million shares, which were held by the Custodian of Enemy Property for India, were sold at Rs 259 apiece on the Bombay Stock Exchange.

•  The buyers were state-owned Life Insurance Corporation of India (LIC), New India Assurance and General Insurance Corporation.

• LIC alone picked up shares worth Rs 1,000 crore. Enemy shares are called so as they were originally held by people who migrated to Pakistan or China and are not Indian citizens any longer.

AWARDS AND HONOURS:

Dr. Sohini Sastri honoured with D. Litt by National American University.

• Indian Astrologer Dr Sohini Sastri has been honoured with 'D. Litt in Astrology' by National American University, USA.

•  Dr Sohini Sastri is one of the most trusted names in Astrology and is known for her services over the years. She is also a receipt of 'Champions of Change Award' which was given to her by Honourable Vice-President of India, M. Venkaiah Naidu at Vigyan Bhawan, Delhi recently.

• Other prominent personalities who were also awarded Doctorates at the same event includes Bollywood singer Mohit Chauhan and choreographer Terence Lewis.

BANKS AND ECONOMICS:

Karnataka Bank signed MoU with Bharti AXA for Insurance Products.

• Karnataka Bank has entered into a memorandum of understanding with Bharti AXA Life Insurance Company to distribute the latter’s life insurance products. This is the third similar tie-up by the Bank after with PNB Metlife India Insurance Company Ltd and LIC, both of whom continue to provide insurance solutions to the customers of Karnataka Bank.

MOUS:

BIS signed MoU with IIT-D on standardisation and conformity assessment.

• The Bureau of Indian Standards (BIS) has signed MoU with the Indian Institute of Technology, Delhi (IIT-D) to collaborate in the field of standardisation and conformity assessment. The MoU was signed by IIT Delhi Director Professor V Ramgopal Rao and Director General of BIS Surina Rajan.  According to the MoU, IIT Delhi will provide infrastructure support for research and development projects of relevance to standardisation and BIS will provide financial support to IIT Delhi for projects.

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Important Current Affairs 8th February 2019

AGREEMENTS AND MOUS


MoU approved between India and Namibia
•    The Union Cabinet approved the MoU between India and Electoral Tribunal of Panama and Electoral Commission of Namibia on 6th Feb 2019.
•    It would promote bilateral cooperation, aimed at building technical assistance/ capacity support for the Electoral Commission of Namibia (ECN) and with Electoral Tribunal of Panama (ETP).
•    The Cabinet was chaired by PM Narendra Modi.


Cabinet Approvals: February 2019
•    MoU between India and Malaysia for Mutual Cooperation in the field of Company Secretary Ship.
•    MoU between India and Norway on India-Norway Ocean Dialogue
•    MoU between India and Brazil on cooperation in the field of Traditional Systems of Medicine and Homoeopathy.
•    MoU between India and Maldives for Establishing Mutual Cooperation to Improve the Ecosystems for Agribusiness.
•    MoU between India and the UAE on Development cooperation in Africa
•    Signing of Agreement between India and Ukraine for cooperation in Agriculture and Food Industry
•    The revised Office Memorandum pertaining to the Cabinet Note on “Amendment of Constitution to provide for reservation for Economically Weaker Sections”
•    MoU between India and Finland in the field of Biotechnology
•    MoU between India and Uzbekistan for promoting bilateral cooperation in the area of e-Governance.
•    Proposal for higher allocation of power to Home State from Under Construction Projects of NTPC Ltd.
•    Introduction of National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019 in the Parliament.
•    Establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through International Financial Services Centres Authority Bill, 2019.
•    Establishment of Circuit Bench of Calcutta High Court at Jalpaiguri.
•    Establishment of Rashtriya Kamdhenu Aayog for Conservation protection and development of cows and their progeny.

Indian Coast Guard signed MoU with AAI.
•    Indian Coast Guard and the Airport Authority of India signed a Memorandum of Understanding at Coast Guard Regional Headquarters in Port Blair.
•    It is signed for coordination in the aeronautical, maritime search and rescue operations
•    The MoU with AAI is aimed at strengthening mutual interactions, interoperability, and validating procedures during the conduct of search and rescue operations.
 

NATIONAL


Amitabh Bachchan stars in national campaign
•    The Swachh Bharat Mission launched the 'Darwaza BandPart 2' campaign on 6th Feb 2019 in Mumbai.
•    The campaign was produced by the Ministry of Drinking Water and Sanitation was launched in the presence of iconic actor Amitabh Bachchan.
•    The campaign focuses on sustaining the open defecation free status of village across the country.

Textile Minister launched project India Size
•    Smt. Smriti Irani, the Union Minister of Textiles launched the India Size project in Mumbai on 6th February 2019.
•    It aims to arrive at a standard Indian size for the ready-to-wear clothing industry.
•    A size chart will be developed which will be specific to Indian consumer’s measurements.
•    The project is undertaken by the Ministry of Textiles.


Swine flu claimed 226 lives across the country
•    Swine flu has claimed 226 lives across the country, with the worst hit in Rajasthan claiming 85 deaths.
•    2,263 patients have been found positive with influenza as per the NCDC report.
•    A meeting was held on 6th February 2019 by the Ministry of Health headed by Preeti Sudan to take action to deal with it.
•    Swine flu is caused by H1N1 virus and has symptoms similar to the regular flu.

PM to flag off Vande Bharat Express.
•    Prime Minister Narendra Modi will flag-off Vande Bharata Express on 15th February, 2019 from the New Delhi Railway Station.
•    It is India's first engineless train.
•    The train has been manufactured by the Integral Coach Factory, Chennai and has become India's fastest train.
•    It hit the speed of over 180 kmph during a trial run at the Delhi-Mumbai Rajdhani route.
•    Earlier, it was named Train 18.

CCEA approves 12,000 MW power projects.
•    The CCEA chaired by PM Narendra Modi approved the proposal for setting up 12,000 MW Solar PV Power Projects
•    The proposal was by the Ministry of New and Renewable Energy for the implementation of the CPSU scheme Phase-II for setting up these projects.
•    The power projects will be set up in 4 years at a cost of Rs. 48,000 crores.

BUSINESS AND ECONOMY


Sixth Bi-Monthly Monetary Policy Statement, 2017-18 by Dr.Urjit Patel.
•    Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5% to 6.25% with immediate effect.
•    The reverse repo rate under the LAF stands adjusted to 6.0%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.5%.
•    The first advance estimates (FAE) has placed the growth of real gross value added (GVA) at 7.0% in 2018-19 as compared with 6.9% in 2017-18.

The Cabinet Committee of Economic Affairs (CCEA )approves creation of Agri-Market Fund
•    The Cabinet Committee of Economic Affairs chaired by PM Narendra Modi approved the creation of Agri-Market Infrastructure Fund (AMIF) on 6th Feb 2019.
•    It is being created for the up-gradation and development of agricultural marketing infrastructure in Regulated Wholesale Markets and Gramin Agricultural Markets.
•    A corpus of Rs. 2000 crore has been approved for the creation of the fund.
 

SUMMITS AND CONFERENCES


Dr Jitendra Singh delivers keynote.
•    Dr Jitendra Singh, Minister of the DoNER (The Ministry of Development of North Eastern Region), delivered a keynote address at the 'Parmanu Tech 2019' conference on 6th February 2019 at New Delhi .
•    It was organized by the Ministry of External Affairs and Department of Atomic Energy.
•    The conference also discussed issues related to Radiation Technologies and Nuclear Energy.
 

INTERNATIONAL


India-Germany join hands for cooperation.
•    The 3rd Indo-German Working Group for water and waste management concluded on 6th February 2019 in New Delhi.
•    Delegates from both the sides met and discussed potential cooperation in the field of water and waste management.
•    The Indian delegation was headed by Shri Anil Kumar Jain.
•    Third Indo-German Environment Forum will meet in New Delhi on February 13, 2019.

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Two-day 20th National Conference on e-Governance concludes in Visakhapatnam 

The two day National Conference on e-Governance concluded in Visakhapatnam today. The Union Minister of State for Electronics and Information Technology and Law & Justice Shri P.P. Chaudhary chaired the valedictory session of the 20th National Conference on e-Governance. Addressing on the occasion, Shri P.P. Chaudhary said that there is a need for bridging the digital divide between the urban and rural areas. He said the Union government promotes research and development and innovative eco-system of Information Technology and also encourages acquisition of the Intellectual Property Rights by Indians.
●    The Minister further said that Cyber Security is the need of the hour and artificial intelligence will provide solutions to the problem of cyber security. There is also need for development of Nano technology and Nano electronics which helps for imparting value based education based on Mission mode Nano Electronics. India will be in a position to manufacture electronics devices and products in the country very soon, he added.
●    Shri P.P. Chaudhary also said that Andhra Pradesh is a pioneer in providing 725 e-governance services in rural areas. Government is committed for inclusive development through e- governance and providing several services to the citizens namely ration cards in public distribution system, passports, driving licenses and Voter IDs on the click of a button through mobile phones. 
●    The Prime Minister’s vision of Digital India can be achieved through e- governance, he added. The Minister said there is a need for use of technology into making a 3D animation form in various languages and its application in medical, Higher and professional education that would enhance the learning capabilities of the students. Shri P.P. Chaudhary said the linking of the AADHAAR Cards has helped the Direct Benefit Transfer (DBT) and the beneficiaries get their financial benefits directly to their bank accounts.
●    On the occasion Shri P.P. Chaudhary gave away the awards to the winners. National Awards for e-Governance 2016-17 were presented in two types of awards for each category. 

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National Consultative Committee meeting on De-addiction and Rehabilitation (NCCDR) held 


The Meeting of “National Consultative Committee on De-addiction and Rehabilitation (NCCDR)” held here today under the chairmanship of Shri Vijay Sampla, Minister of State for Social Justice and Empowerment. Smt. Anita Agnihotri, Secretary, M/o SJ&E and senior officers were present in the meeting. Representatives of States and Union territories and Regional Resource & Training Centres (RRTCs) and many NGOs participated in the meeting. Addressing on the occasion, the Minister called upon the members of the National Consultative Committee to share their views and opinions frequently and regularly on this serious issue.
●    The Ministry of Social Justice and Empowerment is the nodal Ministry for drug demand reduction. It coordinates and monitors all aspects of drug abuse prevention which include assessment of the extent of the problem, preventive action, treatment and rehabilitation of addicts, dissemination of information and public awareness. The Ministry provides community-based services for the identification, treatment and rehabilitation of addicts through voluntary organizations.
●    During the meeting, the following important issues were discussed:
●    Evolving and strengthening appropriate models for the prevention of alcoholism, drug and substance abuse, treatment and rehabilitation of drug dependent individuals.
●    Ensuring the facility of De-addiction Centres in each District and increasing the number of Regional Resource & Training Centres (RRTCs).
●    Establishing separate and specialised de-addiction treatment centres/facilities for drug dependent females and children, especially in Central Government Hospitals/Medical colleges.
●    Organizing awareness generation programmes in different parts of the countryand conducting sensitization and preventive education programmes in schools and colleges throughout the year.
●    Establishing a system of accreditation of facilities offering services connected with drug abuse. 
●    Formulation of National Alcohol Policy.


 

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Expectations from the Asian Ministerial Conference for Disaster Risk Reduction to be held in New Delhi next month 

The Government of India is hosting the first Asian Ministerial Conference for Disaster Risk Reduction (AMCDRR) after the advent of the Sendai Framework for DRR (SFDRR). 
●    The SFDRR (2015-2030) was adopted by at the Third World Conference on DRR at Sendai in Japan in March, 2015. It is the first major agreement of the post-2015 development agenda and identifies targets and priority action areas towards reducing disaster risk - 'reducing the damage caused by natural hazards like earthquakes, floods, droughts and cyclones, through an ethic of prevention'. While listing governments as primary stakeholders, it also calls for shared responsibility with others including local governments and the private sector. 
●    The AMCDRR, scheduled to be held from November 3-5, 2016, at the Vigyan Bhawan in New Delhi will pave the way towards implementation of this Framework in the Asian region. It will also devise a mechanism for monitoring its progress. 
●    Participating stakeholders, including governments, Non-Governmental Organisations, academia, civil society, volunteers, among others, would make actionable commitments arrived at through collaboration, consultation and partnership amongst all. 
●    The Conference will adopt the ‘Asian Regional Plan for Implementation of the Sendai Framework’. Taking the Sendai Framework forward, which clarifies the ‘What’ that needs to be done at all levels to reduce disaster risk, this Plan will focus on the ‘How to’ at national and local levels. It will devise a longer term roadmap of cooperation and collaboration, spanning the 15-year horizon of the Sendai Framework, as well as a two-year action plan to further disaster risk reduction with specific, actionable activities. 
●    Other outcomes will include the New Delhi Declaration, which will spell out the commitment of participating governments towards preventing and reducing disaster risk, and strengthening the resilience of communities, nations and the Asian region. 
●    Besides these, stakeholder groups will also come up with action statements aimed towards a ‘shared responsibility’ approach in implementation of the SFDRR. 
●    Established in 2005, the AMCDRR is a biennial conference jointly organized by different Asian countries and the United Nations Office for Disaster Risk Reduction (UNISDR). 


 

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G20 summit concludes : Few Hard Economic Targets set


 
•    The theme of 2016 G20 Summit was Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy.
•    It was the 11th summit since the inception of G20 in 1999.The summit was attended by all the leaders of the G20 including Prime Minister Narendra Modi.
•    The chair of the summit was Xi Jinping, President of China.
•    The world leaders endorsed free trade and a crowded agenda that included the Koreas, Syria and refugees.
•    The guest invitees in the summit were: Egypt, Kazakhstan, Laos, Senegal, Spain, Singapore and Thailand.
•    The 2017 G20 Summit will be held in Hamburg, Germany, under the leadership of Angela Merkel.
•    G20 Members: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America and European Union.

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G20 Skips Deadline on Paris Climate Change Pact - Advantage India

DESPITE pressure from the US and China, the final G20 communiqué has skipped any mention of the December 2016 deadline for member-countries to ratify the Paris Agreement on climate change. 
•    It has also avoided specifying a date for ending fossil fuel subsidies.
•    Both the moves were strongly opposed by India during the three-day meetings of negotiators before the leaders’ summit on September 4-5.
•    In his intervention on the summit’s concluding day, Prime Minister Narendra Modi acknowledged that climate change was one of the foremost challenges, with the Paris Agreement showing the way forward. 
•    The Prime Minister’s point man at the summit, Arvind Panagariya, said that India was not ready in terms of domestic actions to ratify the agreement before 2016-end, but that it plans to do so at the earliest.
 

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