Current Affairs Daily Updates: 1st May 2017

Current Affairs Daily Updates: May 1st 2017
Yusra Mardini appointed UNHCR Goodwill Ambassador
  • The UN Refugee Agency, UNHCR (UN High Commissioner for Refugees) has appointed Syrian refugee and Olympic athlete 'Yusra Mardini' (19-years) as a Goodwill Ambassador to help raise awareness about the plight of refugees.
  • Mardini has participated in the first ever Olympic refugee team at the Rio de Janeiro games 2016.
  • Mardini studying in Berlin will go soon on a UNHCR mission to Tokyo, venue of the 2020 Summer Games.
Deputy PM & Home Minister of Nepal Bimalendra Nidhi resigns
  • The Deputy Prime Minister & Home Minister of Nepal Bimalendra Nidhi has resigned from his post in protest of impeachment motion registered against Nepal's first female chief justice Sushila Karki.
  • At least 249 MPs signed the motion which is over the required number to open an impeachment investigation.
  • It comes after the Supreme Court overturned the government's choice of chief of police.
Ilir Meta elected as new President of Albania
  • lir Meta was elected as President of the Republic of Albania with 87 votes pro and 2 against.
  • Parliament of Albania, which convened in an extraordinary session, has voted the candidacy of Ilir Meta as President of the Republic.
  • While 89 deputies have voted in total, the election of president in this fourth round requires 71 votes in favor.
  • Ilir Meta will hold the post of President of the Republic for the period 2017-2022.
Sudarsan Pattnaik wins gold medal at 10th Moscow sand art championship
  • Noted sand artist Sudarsan Pattnaik from Odisha has won the jury prize gold medal at the10th Moscow Sand Art Championship.
  • Twenty five sculptors from different countries around the world had participated in the championship on the theme - "World Around Us".
  • Pattnaik had created a 10 feet high sand sculpture of Lord Ganesh and inscribed "Go Green" on the statue.
  • Recently, Pattnaik had created world's tallest sand castle at Puri beach.
Ashwani Kumar to be conferred with Japan's top honour
  • Japan has selected former union minister for Law and Justice Ashwani Kumar for this year's Spring Imperial Decorations, for his contribution to strengthening of the bilateral ties and promotion of friendship between Tokyo and New Delhi.
  • Kumar will be conferred with the Grand Cordon of the Order of the Rising Sun, the highest category of decorations among the Orders of the Rising Sun, in recognition of distinguished accomplishments of individuals.
  • The Presentation Ceremony for the Investiture of the Grand Cordon of the Order of the Rising Sun will be held at the Imperial Palace in Tokyo on May 9.
SBI reduces term deposit rates by up to 50 bps
  • The State Bank of India (SBI) has cut its term deposit rates by up to 50 basis points for various maturities.
  • The rates have been revised for medium and long term deposits and for the amount below Rs. one crore.
  • Now, SBI will offer a rate of 6.25% as compared to 6.75% earlier for two to less than three year deposits,
  • For the similar maturity, the deposit rates for senior citizen have been cut to 6.75% from 7.25%.
  • The rates have been lowered by 25 basis points to 6.50% for deposits maturing between three years and 10 years.
  • The bank is offering highest rates of 6.90% for one year to 455 days term deposits.
RBI asks ARCs to have a minimum net corpus of Rs100 crore by 2019
  • The Reserve Bank of India (RBI) has asked all the existing asset reconstruction companies (ARCs) to have a minimum net owned fund (NOF) of Rs100 crore by March 2019.
  • This decision has been taken by RBI in accordance with its last bi-monthly monetary policy in which it had proposed to stipulate a minimum NOF of Rs100 crore taking into consideration the enhanced role and greater cash based transactions carried out by ARCs.
  • As per amended SARFAESI Act, 2016, ARCs cannot carry on the business of securitisation or asset reconstruction without having NOF of not less than Rs 2 crore or any other amount stipulated by the RBI.
  • As per the notification of RBI, the existing ARCs not meeting the minimum NOF criteria need to achieve the minimum NOF of Rs100 crore latest by 31 March 2019.
Real Estate Act comes into effect
  • The Real Estate Act which aims to protect the interests of homebuyers by ensuring transparency has come into effect. The Ministry of Housing and Urban Poverty Alleviation (HUPA) has asked all the states and Union Territories to implement the Act with letter and spirit.
  • Since land is a state subject, real estate sector comes within the ambit of the state governments.
  • The Real Estate (Regulation and Development) Bill, 2016 was passed by Parliament in March last year. Partially, the act came into force on 1 May last year with 59 of 92 notified sections of the act coming into force.
  • The remaining provisions have come into the force now. Already the act has been notified by 13 states and Union Territories including Andhra Pradesh, Uttar Pradesh, Bihar, Gujarat, Delhi, Daman and Diu.
International Labour Day observed on 1st May
  • The 'International Labour Day' is a celebration of laborers and the working classes, promoted by the international labour movement, anarchists, socialists, and communists.
  • It takes place every year on 1st May which also matches with the Celtic spring festival.
  • The day marks the victory of workers' movement for eight hours of work. It also aims to pay tribute to workers sacrifices in achieving economic and social rights all over the world.
  • The date was chosen for International Workers' Day by the Second International to commemorate the Haymarket affair, which occurred in Chicago on 4th May 1886.
Ganga Swachhta Sankalp Divas to be celebrated on May 02, 2017
  • May 2, 2017 will be observed as the Ganga Swachhta Sankalp Divas by National Mission on Clean Ganga (NMCG) at 12 locations, namely, Kanpur, Allahabad, Varanasi, Patna, Bhagalpur, Sahibganj, Kolkata, Raj Ghat (Hardoi), Bithoor, Srinagar ( Uttarakhand), Vidhur Kuti (Bijnor) and Devprayag.
  • Apart from these locations, with the help of Ganga Vichaar Manch, local NGOs and volunteer support, the event is slated to be organized at more than 30 other locations.
  • The objective of the event is to spread awareness and promote active involvement of the masses in Swachh Ganga.
  • The event envisages developing a sense of pride and ownership among masses and to actively support for Namami Gange programme.
Exhibition of Global Mobile Internet Conference held in Beijing
  • The exhibition of Global Mobile Internet Conference (GMIC) was held in Beijing, capital of China, April 27, 2017.
  • The Global Mobile Internet Conference is hosted annually in Beijing and Silicon Valley.
  • Mobile executives, entrepreneurs, developers, and investors from around the globe and across platforms attend GMIC each year.
India to give Rs 35 cr to children of freedom fighters in Bangladesh
  • India will give Rs. 35 crore rupees to children of freedom fighters in Bangladesh under the new ‘Muktijodha scholarship’ scheme in the next five years.
  • Under the scheme, students at higher secondary level will get a one-time grant of Tk 20,000 (Rs 15,370) and students at the undergraduate level will get a grant of Tk 50,000 (Rs 38,430).
  • In addition, all freedom fighters will be eligible for multiple entries on Indian visa for a period of five years. Also, every year 100 of them will be entitled to free medical treatment in Indian hospitals.
Railways to use RFID tags to track wagons, coaches
  • The Indian Railways will use radio-frequency identification tags (RFID) for tracking of wagons, coaches, and locomotives to ensure effective and transparent functioning.
  • Using RFID devices, it will be easier for the railways to know the exact position of wagons, locomotives, and coaches.
  • Railways had implemented the RFID system on the Vishakhapatnam-Talcher-Paradeep section as a pilot project.
Maharashtra becomes First State to Use Automated Weather Stations (AWS) for Farmers
  • Maharashtra chief minister Devendra Fadnavis has inaugurated the state’s first automatic weather station at Dongargaon in Nagpur.
  • The state government proposes to install around 2,065 such weather stations across the state on a public private partnership (PPP) mode in this year and 1,000 in next year.
  • The weather stations will be helpful in measuring the wind direction, wind speed, air temperature, relative humidity and record amount of rainfall.
  • The information gathered by the weather stations would be shared among the farmers by making them available on Mahavedh portal (Maharashtra agriculture weather information network) as well as on the mobile application of Skymet. Weather forecast firm Skymet Weather Private Ltd will be setting up these weather stations.
Haryana government to set up 15 solid waste management clusters
  • The Haryana state Govt. has decided to set up 15 integrated solid waste management clusters to deal with solid waste in urban areas.
  • Electricity would be generated from solid waste in three clusters and manure from the remaining 12 clusters.
  • A solid waste management plant is being set up at Faridabad at a cost of Rs. 330 crore.
First book village in the country to come up in Maharashtra
  • From May 4, Bhilar, a tiny hamlet in Satara district of Maharashtra is all set to become India’s first ‘book village’.
  • The concept of book village is inspired by Britain’s Hay-on-Wye, which is a Welsh town located in the United Kingdom, famous for its bookstores and literature festivals.
  • Under this initiative, tourists and locals can come and read books, magazines, newspapers stacked at 25 artistically decorated locations around the village.
  • The books on wide-ranging subjects and 15,000 books in Marathi would be made available on these premises.
India to launch South-Asia satellite on May 5
  • The “South Asia satellite” for use by countries of the South Asian Association for Regional Cooperation (SAARC) region will be launched on May 5.
  • This was stated by Prime Minister Narendra Modi during his latest Mann ki Batt radio address.
  • The Prime Minister has hailed the satellite as an invaluable gift of India to South Asia and has further stated that the satellite “will go a long way in addressing South Asia’s economic and developmental priorities.”
  • During the 2014 SAARC summit that held in Nepal, the plan for the satellite was announced and subsequently all SAARC countries have joined it except Pakistan.
  • Hence, the beneficiaries of the satellite will be Nepal, Bhutan, Bangladesh, Afghanistan, Sri Lanka and Maldives.
  • The total cost of launching the satellite (around Rs 235 crore) would be met by the Government of India.
Valtteri Bottas wins first ever F1 race at Russian GP 2017
  • Finnish racing driver Valtteri Bottas (with Mercedes) has won his first Formula One victory at the 2017 Russian Grand Prix at the Sochi Autodrom Russia.
  • Bottas won the race by 0.617 seconds over Sebastian Vettel, the smallest winning margin since the 2016 Abu Dhabi Grand Prix.
  • Sebastian Vettel finished in second and Mercedes's Lewis Hamilton stood fourth.
Paes-Lipsky win Tallahassee Challenger title of men's doubles
  • Indo-American tennis player Leander Paes and Scott Lipsky has won the Tallahassee Challenger title of the men's doubles.
  • They defeated Argentine third seeds Leonardo Mayer and Maximo Gonzalez 4-6, 7-6(5), 10-7 in the summit clash.
  • Earlier, Paes had won the Leon Challenger in Mexico with Adil Shamasdin.
Aizawl FC become first Northeastern club to win I-league
  • Aizawl FC has won its maiden I-League title against Shillong Lajong in their final game of the league season.
  • Aizawl ended the league on 37 points and became the first club from the Northeast to bag the title.
  • Mohun Bagan defeated Chennai City FC 2-1 and finished second in the League with 36 points.