Current Affairs Daily Updates: 12th July 2017

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Current affairs Daily Updates: 12th July 2017
Twitter names former Goldman Sachs banker Ned Segal as CFO
  • Ned Segal, a longtime Goldman Sachs banker and the former Senior Vice President of Finance at Silicon Valley's financial software company Intuit, has been appointed as the new Chief Financial Officer at Twitter.
  • Segal will take over the CFO role from Anthony Noto, who was promoted to COO post last November.
  • Segal will report directly to Twitter CEO Jack Dorsey.
Rajeev Dubey elected to Governing Board of ILO
  • Rajeev Dubey, Member Executive Board, FICCI and Group President (HR & Corporate Services), Mahindra & Mahindra Ltd, got elected to the International Labour Organisation (ILO) Governing Board on June 12 at Geneva.
  • The ILO Governing Body is an apex level policy making and oversight body with 56 members comprising 14 members from the Employers, 14 from the Trade Unions and 28 from the Government.
  • ILO is a part of UN family having 184 member countries with head office at Geneva. Rajeev has been elected against the seat for South Asia.
  • Mr Dubey joined Mahindra & Mahindra Ltd in January 2004 after a career spanning 29 years in the Tata Group, which he joined in 1975 as a member of the TAS, the central managerial cadre of the Tata Group.
Japan’s men-only island gets UNESCO heritage tag
  • A men-only island in Japan (women are banned) and male visitors must bathe naked in the sea before visiting its shrine, has been declared a UNESCO World Heritage site.
  • The tiny landmass of Okinoshima is permanently manned by a Shinto priest who prays to the island’s goddess, in a tradition that has been kept up for centuries.
  • UNESCO’s heritage committee considered 33 sites for the prestigious status at its annual gathering in Poland.
IROAF won gold standards by winning Golden Peacock Award for Eco Innovation for year 2017
  • Indian Railways Organization for Alternate Fuel (IROAF) has set gold standards by winning Golden Peacock Award for Eco-Innovation for the year 2017 for introducing eco-friendly and cost-saving Compressed Natural Gas (CNG) based Dual Fuel 1400 HP Diesel engines on Diesel Electric Multiple Unit (DEMU) trains.
  • This innovation will reduce emissions considerably by bringing down nitrogen oxides (NOx) by 16%, CO by 6% and Particulate Matter by 18% besides achieving economy in fuel cost by 8%.
Bank of Baroda to raise up to Rs 3,000 Cr via Basel III bonds
  • Bank of Baroda (BoB) is set to raise up to Rs. 3,000 Crore through Basel III compliant bonds.
  • The finance committee of the bank approved to the issuance of AT-1 capital bonds compliant with Basel III capital regulations for a minimum amount of Rs. 500 Crore with green shoe option.
  • The raising of funds will be in single or multiple tranches.
SEBI amends guidelines for foreign investors looking to operate at IFSC
  • Markets regulator SEBI (Securities and Exchange Board of India) has amended the guidelines for eligible foreign investors looking to operate at the International Financial Services Centre (IFSC).
  • Now, a trading member of a stock exchange in the IFSC can carry out the due diligence for an eligible foreign investor(EFI), who is not registered with the regulator as a Foreign Portfolio Investor (FPI).
  • The provision has been made for the account opening process of an eligible foreign investor (EFI).
Axis Bank tie up with IIC to boost trade with Latin America
  • Axis Bank entered into a collaboration with Inter-American Investment Corporation (IIC) to facilitate trade with Latin America and the Caribbean.
  • Axis Bank becomes the first Indian bank to participate in the Trade Finance Facilitation Programme as a confirming bank. IIC, a member of the Inter-American Development Bank Group, is a multilateral development bank committed to supporting the private sector in Latin America and the Caribbean.
Hindustan Aeronautics Limited signs MoU with Defence Ministry
  • Hindustan Aeronautics Limited (HAL) has signed a Memorandum of Understanding (MOU) for the financial year 2017-18 with the Ministry of Defence.
  • The MoU aims at various performance parameters of the company during the year 2017-18.
  • It also laid specific emphasis on capacity building, modernization, solar power plants, aiming to achieve capital expenditure of Rs. 1,300 crores.
Malala Day: 12 July
  • 12 July 2013 is observed as Malala Day across the World and by United Nations.
  • The day is being observed by the United Nations to highlight the fight of education of the Pakistani child activist Malala Yousafzai.
  • 12 July, the day of Malala’s Birth was declared as Malala Day by UN General Secretary Ban-Ki-Moon on her 16th Birthday.
  • Malala is the girl from Pakistan, who was shot in head and neck by the Tehrik-i-Taliban Pakistan (TTP) on 9 October 2012 for advocating girls for their right to education and speaking against Taliban.
Union Finance Minister inaugurated the 36th NABARD Foundation Day
  • Union Finance Minister Arun Jaitley inaugurated the National Bank For Agriculture & Rural Development (NABARD) and Silver Jubilee of SHG Bank Linkage Programme, in New Delhi.
  • This day is dedicated on celebrating the Silver Jubilee (25 years) of Self Help Group Bank Linkage Programme (SHG BLP).
  • It is an initiative of Financial Inclusion by NABARD.The pilot stage of this programme was started in the year 1992.
India to become largest milk producer in 2026 according to OECD-FAO report
  • According to recently released the Organisation for Economic Co-operation and Development (OECD)-FAO Agricultural Outlook 2017-2026, India will be the world’s largest milk producer by 2026 and will account for the biggest increase in wheat production globally.
  • India’s population will grow to 1.5 billion from 1.3 billion, an increase of almost 150 million every year.
  • India will overtake China to be the most populous country in the world by 2026.
Maharashtra first state in the country to launch free injectable contraceptive for women
  • Maharashtra becomes the first state in the country to provide women with an injectable contraceptive for free.
  • The state’s public health department launched a program called Antara to offer women an injection of Medroxyprogesterone acetate (MPA), a birth-control hormone.
  • According to state health officials the injection, a safe means of birth control is effective for three months.
ESIC & DGFASLI sign MoU for collaboration on occupational health and prevention of occupational injuries and diseases
  • Union Minister of State (Independent Charge) for Labour & Employment signs a Memorandum of Understanding (MoU) between Employees’ State Insurance Corporation (ESIC) and Directorate General Factory Advice Service & Labour Institutes (DGFASLI) for collaboration in the field of occupational health and prevention of occupational injuries and diseases signed in New Delhi.
  • The main focus of MoU is occupational health by establishing ‘DGFASLI-ESIC Occupational Health Training, Research & Development Centre’ (OHTRDC) at Regional Labour Institute, Faridabad.
  • It will help in spreading awareness for healthy working conditions, reduce the danger of diseases or injuries and provide a good quality life for workers.
National Green Tribunal bans use of nylon and synthetic manja
  • National Green Tribunal (NGT) imposed a ban on nylon and synthetic ‘manja’ the string used to fly kites as it poses a threat to the lives of birds, animals and humans.
  • State governments have been directed to prohibit the “manufacture, sale, storage, purchase and use” of synthetic ‘manja’ or nylon threads and all other synthetic threads used for flying kites.
  • The NGT passed the order after People for the Ethical Treatment of Animals (PETA) moved it for a nationwide ban on all forms of sharp kite-flying strings called manja.
Odisha to set up International Standard Sports City
  • Odisha Chief Minister Naveen Patnaik announced to set up an International Standard Sports City recently.
  • Kalinga International Sports City will be set up in Bhubaneswar and will be eligible to bid for most international competitions including Commonwealth and Asian games.
  • The state government also signed an expression of interest with the International Association of Athletics Federation (IAAF) and the Athletics Federation of India for setting up of a high-performance academy inside the Kalinga Stadium.
NGT imposes nationwide ban on nylon and synthetic manja
  • The National Green Tribunal banned the use of ‘Chinese’ kite strings, made of nylon or any synthetic material on the grounds that it poses threat to life and environment.
  • The Tribunal directed all state governments to prohibit the “manufacture, sale, storage, purchase and use” of synthetic manja or nylon threads and all other synthetic strings used for flying kites with immediate effect.
  • A bench headed by NGT Chairperson Justice Swatanter Kumar ordered the authorities to ban import of any synthetic manja.
  • The judgement came on a plea filed by animal rights body People for Ethical Treatment of Animals (PETA) and others, contending that ‘manja’ poses a grave threat to humans and animals as every year a number of deaths are caused by it.
Union Government saved Rs 57,000 crore saved through DBT
  • Union Government saved Rs 57,000 crores through Direct Benefits Transfer (DBT) scheme under which subsidies are given directly to beneficiaries.
  • In 2017-18, the beneficiary base rose from 10.71 crores in 2013-14 to 35.62 crore.
  • The main aim is to transfer benefits of various Central Government-run social welfare schemes directly to the bank accounts of beneficiaries.
NASA’s Juno spacecraft completes flyby over Jupiter’s Great Red Spot
  • NASA’s unmanned spacecraft Juno successfully peered into the Jupiter’s giant storm known as the Great Red Spot.
  • The Great Red Spot on Jupiter is a massive storm (cyclone) measuring about 16,000 km in diameter. It is a largest known storm in the solar system.
  • It is monitored since 1830 and has possibly existed for more than 350 years.
  • The spot appears as a deep, red orb surrounded by layers of pale yellow, orange and white.
  • The spacecraft has been named from Greco-Roman mythology. It is orbiting Jupiter from pole to pole, 5,000 kilometres above planet’s cloud tops.
Mithali Raj creates history, becomes leading run-getter in Women’s ODIs
  • Mithali Raj has been India’s premier player ever since she made her debut in 1999. Her exploits in the international stage in both Tests and ODIs have made her India’s premier player.
  • She created a world record by smashing seven consecutive fifty-plus scores, making her the first woman player to achieve the feat.
  • In the crucial game against Australia, Mithali became the woman cricketer who has scored most runs in ODIs.
  • Mithali Raj became the first women’s player to reach 6000 ODI runs.  England’s Charlotte Edwards was the previous leading run-getter in ODIs with 5992 runs.
  • 164 - Number of innings that has taken Mithali to achieve this feat. She has 48 not-outs to her name, which is the most in women’s cricket.