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Daily Current affairs - July 6th, 2017 for all competitive exams

PM’s gifts to PM Benjamin Netanyahu
The Prime Minister Narendra Modi presented Prime Minister of Israel Mr. Benjamin Netanyahu replicas of 2 sets of relics from Kerala that are regarded as key artifacts in the long Jewish history in India.
  • They comprise two different sets of copper plates that are believed to have been inscribed in 9-10th century C.E.


Government launches MERIT app
The government has launched the ‘MERIT app (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency)’ and the e-bidding portal for providing e-Bidding solution to States to select Independent Power Producers (IPPs) for procurement of power by transferring their domestic coal under the scheme of flexibility in utilization of domestic coal.
  • The web portal and mobile app for Merit Order Despatch of Electricity (MERIT) have been developed in association with POSOCO.
  • The app displays extensive array of information regarding the merit order such as daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with source-wise fixed and variable costs, energy volumes and purchase prices.


J&K Houses adopt GST resolution
Both the Houses of the Jammu and Kashmir legislature on Wednesday passed a resolution adopting the Goods and Services Tax (GST) through a presidential order.
  • Finance Minister Haseeb Drabu said GST would be implemented “under the ambit of Article 370, ensuring adequate safeguards for special status.”


BRICS ‘Beijing Declaration On Education’ Adopted For More Academic Cooperation
BRICS ministers of education and assigned representatives have adopted ‘Beijing Declaration on Education’ in a recently held 5th meeting of BRICS Ministers of education at Beijing.
  • According to the declaration, members states – Brazil, Russia, India, China and South Africa – are committed to the UN Sustainable Development Goal 4 (SDG4)-Education 2030 which aims to“Ensure inclusive and equitable quality education and promote life-long learning opportunities for all” that was set within The 2030 Agenda for Sustainable Development.
  • The declaration reiterated support for the BRICS Network University (NU) to collaborate in the fields of education, research and innovation. It also encouraged universities to participate in the BRICS University League.


ADB to lend $500 million for roads in Rajasthan
The Asian Development Bank (ADB) will give a loan of $500 million for strengthening of State Highways in Rajasthan and improvement of traffic system and road safety.
  • The State Highways investment programme, sanctioned in May this year, will cover 2,000 kms of roads.
  • The ADB has signed an agreement with the Union government for releasing the loan's first instalment of $220 million.


Parliamentary secretaries’ appointment set aside
The Punjab and Haryana High Court have set aside the appointment of four MLAs as chief parliamentary secretaries. 
  • However, the court, on the request of the Haryana government, put a stay on the implementation of the decision for three weeks.
  • A Parliament Secretary is similar to a Minister of State who assists a Minister in his or her duties.


India and Thailand Military exercise - Maitree 2017:
A 14-day joint military training exercise between India and Thailand started in Himachal Pradesh. 
  • The aim of this exercise is to build and promote closer relations while exchanging skills and experiences between the two armies.
  • Exercise Maitree 2017 is a continuation of a series of joint exercises between the Indian Army and the Royal Thailand Army. The previous edition of the exercise was held at Krabi in Thailand in 2016.


TERI ranked second among world’s climate think tanks:
International Centre for Climate Governance (ICCG), an international body which focuses on climate policies, has ranked The Energy Resources Institute (TERI) among the top think tanks in the world.
  • TERI was ranked under the category ‘2016 Top Climate Think Tanks in the Rest of the World–Absolute Global Rankings’ during ICCG’s 23rd annual conference of the European Association of Environmental and Resource Economists (EAERE) in Athens in Greece.


India, Israel to set up $40 mn research fund
India and Israel announced a strategic partnership between the two countries after a meeting between Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu, and signed seven agreements in the fields of water, agriculture, space, including a $40 million joint fund for research and development in innovation.
  • The historic first-ever visit by an Indian Prime Minister to Israel solidified the enduring friendship between their peoples and raised the bilateral relationship to that of a strategic partnership.


Pakistan successfully launched Nasr
Pakistan has successfully test-fired short-range surface-to-surface ballistic missile ‘Nasr’.
  • ‘Nasr’ is a high-precision weapon system with the ability to be deployed quickly. It has a range of 60-70 Km.


#WeAreInternational, say British universities
The #WeAreIntenational campaign, launched by Sheffield University in 2013 following a clampdown on rules governing international students, was relaunched at an event in Parliament 
  • The campaign focuses on the economic benefits that students brought to individual universities and local economies and seeks to highlight the role they should have in furthering Britain’s industrial strategy going forward.
  • In an effort to build public support as they seek to push for change to U.K. government policy, universities in Britain have revived a campaign celebrating the impact of international students on the country.


FinMin clarifies definition of ‘branded’ items for GST
The Ministry of Finance on Wednesday clarified that for the purposes of Goods and Services Tax (GST) applicability, an item will be deemed to be ‘branded’ if it carries a brand name or trade name that is registered under the Trade Marks Act, 1999.
  • The notification… clearly defines ‘registered brand name’ as brand name or trade name, which is registered under the Trade Marks Act, 1999.
  • In this regard, Section 2 (w) read with section 2 (t) of the Trade Marks Act, 1999 provide that a registered trade mark means a trade mark which is actually on the Register of Trade Marks and remaining in force.


ISB to study Aadhaar, its implications
The Indian School of Business announced a Digital Identity Research Initiative under which it will partner with researchers and academic institutions to study Aadhaar and its implications.
  • The initiative has received support from Omidyar Network through a grant of $2 million for a period of two years.
  • In the initial phase, the research will cover the impact of Aadhaar in various areas.



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