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Daily Current affairs - April 26th, 2017 for all competitive exams

World Intellectual Property Day – 26 April
Every April 26, World Intellectual Property Day is celebrated to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.
  • WIP Day is organized by World Intellectual Property Organization (WIPO). It is a self-funding agency of the United Nations, with 189 member states.


Three Year Action Agenda in place of 5-year plans
Breaking away from the five-year planning process, NITI Aayog has readied a draft three-year action agenda and circulated it to the States for comments. The draft has been prepared through extensive consultation with State governments.
  • The action agenda will span a three-year time frame involving mostly executive decisions, the strategy will be for a seven-year period and include decisions that need legislative changes while the vision would be for 15 years and incorporate institutional changes that may need Constitutional amendments.
  • The agenda includes proposals for shifting additional revenues to high priority sectors, doubling farmers’ income by 2022, creating jobs, bringing down land prices and expanding tax base through measures such as taxing agricultural income.


Online Statement Of Transaction (e-SOT) and the e-PRAN card launched for Atal Pension Yojana (APY)
With a view to digitally empower the Atal Pension Yojana (APY) subscribers and improve the quality of service, the facility of online viewing of the statement of transaction(e-SOT) and also the e-PRAN card have been launched. More than 45 lakhs APY subscribers are likely to be benefited.
  • The Atal Pension Yojana (APY) was launched in May, 2015. APY is available for all citizens of India in the age group of 18-40 years.
  • Under the APY, the subscribers would receive a minimum guaranteed pension of Rs. 1000 to Rs. 5000 per month from the age of 60 years, depending on their contributions, which depends on the age of the subscriber at the time of joining the APY.


IPR Awareness Campaign for Schools
The Cell for IPR Promotion and Management (CIPAM)in collaboration with the International Trademark Association (INTA) has kicked off the IPR Awareness campaign for schools across the country.
  • The new policy seeks to encourage innovation and improve access to healthcare, food security and environmental protection.
  • The Policy will allow compulsory licensing with restrictions in case of a public health emergency such as epidemics and it is compliant with the World Trade Organization’s guidelines.
  • The policy seeks to put in place a legal framework that will encourage the IPR regime and reduce the time taken by the government to approve a trademark to a month by 2017. Currently, the process takes more than a year.


Joint doctrine of army, navy, IAF unveiled
With aim to match the pace of fast changing nature of war, the ministry of defence has released the Joint Doctrine of Armed Forces stressing on the need for synergy amongst the three Services namely Army, IAF and Navy and hone strategy for inter-operability to achieve the political and military objectives in an effective manner.
  • This doctrine is the second in the series after its first version was released in 2007. It included the lessons learnt over the past ten years and is aligned with the doctrines of individual Services.
  • The Joint Doctrine will serve as a cornerstone document for application of Military Power in a synergized manner and also establish a broad framework of concepts and principles to understand approach to joint planning and conduct of operations across all the domains of conflict.


Judgment turns focus on removal of police top brass
The Supreme Court’s recent judgment reinstating T.P. Senkumar as Director-General of Police in Kerala has brought the spotlight back on the issue of executive privilege in appointing and removing top officials.
  • This verdict draws from a September 2006 judgment in what is known as the Prakash Singh case where the Supreme Court said a DGP should have a two-year tenure and can be removed only in consultation with the State Security Commission under certain conditions.


Northeast India’s largest IT hub opens in Tripura:
Northeast India’s sixth and largest Information Technology (IT) hub was recently inaugurated in Tripura to boost employment and e-governance besides to export software technology.
  • This IT hub would help to create employment opportunities for the IT educated youths and to further extend the e-governance to the door step of people.


India is now 5th largest military spender:
The report titled ‘Trends in world Military expenditure, 2016, which ranks countries based on their military spending was recently released. The report was released by Swedish think-tank Stockholm International Peace Research Institute (SIPRI).
  • India is now the world’s fifth largest spender on defence for 2016 after having moved up from the 7th place following its largest annual military spending increase since 2009.
  • The US is the top spender at $611 billion. Russia is third at $69.2 billion and Saudi Arabia fourth at $ 63.7 billion.


India and Sri Lanka sign MoU on economic co-operation
India and Sri Lanka have signed an MoU on economic co-operation.
  • The agreement was exchanged in the presence of Prime Minister Narendra Modi and his Sri Lankan PM Ranil Wickremesinghe in New Delhi.


India, Armenia sign 3 agreements
India and Armenia have signed three agreements after Vice President Hamid Ansari held a bilateral meeting with Armenian Prime Minister Karen Karapetyan in Yerevan, Armenia.
  • The two countries signed a memorandum of understanding (MoU) on peaceful uses of outer space, another MoU on cooperation in youth matters and a program of cultural cooperation for the years 2017-2020. The two countries are celebrating the 25th anniversary of their diplomatic ties.


Belgium, first to open honorary consulate in GIFT City, Gujarat
Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City).
  • Besides the Belgian Embassy in New Delhi, two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata, Belgium has expanded its diplomatic representation in India with this new office in Gandhinagar.
  • Hari Sankaran was nominated as Honorary Consul of the Kingdom of Belgium to the state of Gujarat


White House names Randolph Ailes as new Director of Secret Service
The White House has named a retired Marine major general Randolph Ailes as the new Director of the Secret Service. Ailes was in the Marine Corps for 35 years.
  • Ailes is replacing Joseph Clancy, who retired from the agency.




Yes Bank ties up with Paisabazaar.com
Private sector lender Yes Bank announced the alliance with Paisabazaar.com under which the bank will offer conditionally approved loans to the latter’s existing customers.
  • As part of the partnership, the bank will help Paisabazaar.com through its advanced analytics and data mining capabilities to offer customers of the financial marketplace with customized and conditionally approved offers across retail lending products.


Youngest Indian chancellor bags Dr. Babasaheb Ambedkar International Foundation award
The youngest chancellor of any university in the nation, Dileep K Nair has bagged Dr. Babasaheb Ambedkar International Foundation award for excellent performance in the field of education in Trivendurum, Kerala.
  • The 38-year-old academician is currently the Chancellor of the North East Frontier Technical University (NEFTU) in Arunachal Pradesh.



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