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Daily Current affairs - September 16th, 2017 for all competitive exams

September 16 - International Day for the Preservation of the Ozone Layer
September 16 was designated by the United Nations General Assembly as the International Day for the Preservation of the Ozone Layer. This designation had been made on December 19, 1995, in commemoration of the date, in 1987, on which nations signed the Montreal Protocol on Substances that Deplete the Ozone Layer.
  • This year marks the 30th anniversary of the Montreal Protocol
  • Theme: Caring for all life under the sun


Aadhaar to be linked to driving licence
Union Minister for Electronics and Information Technology Ravi Shankar Prasad announced that after linking Aadhaar to PAN cards, the Union government would now link it with driving licences as well.
  • The measure would help check the menace of multiple licences.
  • Aadhaar represented digital identity, not physical identity, and that digital identity confirmed physical identity


Ministry clarifies on FCRA licence
The HRD Ministry clarified that the institutions created through an Act of Parliament do not need an FCRA licence to receive foreign funds.
  • The Home Ministry has cancelled the FCRA licences of several hundred organisations, including the Delhi University, Jawaharlal Nehru University and IIT Delhi, for failing to file annual returns for five consecutive years.
  • Citing Section 50 of FCRA 2010, the statutory bodies created though Central or state Acts are exempt.


Assam Assembly adopts resolution for Population Policy
Seeking to curb population explosion in the state, especially among religious minority, through women empowerment in order to check increasing demographic changes and pressure over limited resources, the Assam legislative assembly has passed a government resolution for adopting a ‘Population and Women Empowerment Policy of Assam’.
  • The policy has a strict two-child policy for government servants and elected/nominated representatives of panchayat, municipal and statutory bodies, with stress on women empowerment and awareness.
  • The Policy seeks to empower women for making learned choice regarding motherhood as it would lead to better living conditions for the communities.
  • The policy has provisions to bar people with more than two children from contesting election for panchayat, municipal and other statutory bodies and committees at the state level.


Bill to enhance salary of MLAs tabled in Odisha
Four Bills were introduced in the Odisha Assembly seeking enhancement of salaries, allowances and pensions of Ministers, Speaker, Deputy Speaker and MLAs.
  • Once the Bills are passed, a legislator would get about Rs. 1 lakh per month as salary and allowances, while a minister will get Rs. 97,000 and the Chief Minister would avail of Rs. 98,000.
  • The monthly salary and allowances of the Speaker and Deputy Speaker would be Rs. 97,500 and Rs. 95,000 per month respectively.
  • The Government Chief Whip would draw a monthly salary of Rs. 97,000 per month, while the Deputy Government Chief whip would get Rs. 93,000.


Japan teams up with India for Northeast
A memorandum of understanding to set up India Japan Act East Forum with an aim to marry India’s Act East Policy with Japan’s Free and Open Asia-Pacific strategy in the backdrop of China’s One Belt One Road initiative is among the major agreements signed during Japanese Prime Minister Shinzo Abe’s visit to India for the 12th Indo-Japan annual summit.
  • The forum will enhance connectivity and promote developmental projects in India’s Northeast region in an efficient and effective manner.


India Signs Deal with JICA to Upgrade Alang-Sosiya Shipyards
The Government of India has signed a loan deal worth $76 million with Japan International Cooperation Agency (JICA), for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.
  • The total cost of the project will be $ 111 million, out of which $76 million will be provided as soft loan from JICA.
  • Out of the remaining amount, $25 million as taxes and fees will be borne by Government of Gujarat and the balance $10 million will be shared by Ministry of Shipping & Government of Gujarat.
  • The project will be executed by Gujarat Maritime Board (GMB) and is likely to be completed by 2022.


N. Korea fires missile over Japan
North Korea fired a ballistic missile over Japan and into the Pacific, responding to new UN sanctions with its furthest-ever missile flight in what analysts called a demonstration of its ability to target Guam.
  • The launch, from near Pyongyang, came after the United Nations Security Council imposed an eighth set of measures on the isolated country following its sixth nuclear test earlier this month.
  • The blast was by far its largest to date and Pyongyang said it was a hydrogen bomb small enough to fit onto a missile.


Oldest tree species on earth in peril
The bristlecone pine tree, famous for its wind-beaten, gnarly limbs and having the longest lifespan on Earth, is losing a race to the top of mountains throughout the Western United States, putting future generations in peril.
  • Driven by climate change, a cousin of the tree, the limber pine, is leapfrogging up mountainsides, taking root in warmer, more favorable temperatures and leaving little room for the late-coming bristlecone, a study finds.
  • The bristlecone pine can live 5,000 years, making it the oldest individually growing organism on the planet.


Snow leopard no longer ‘endangered’
The conservation status of snow leopard has been improved from “endangered” to “vulnerable”. The decision was announced by the International Union for Conservation of Nature (IUCN) – the global standard for assessing extinction risk. The status change followed a three-year assessment process by five international experts.
  • However, experts have warned that the species still faces serious threats from poaching and habitat destruction.
  • The elegant yet elusive creatures, which live in the mountains of central Asia, were first listed as endangered by the IUCN in 1972.


Successful Development Trials of Astra Missile
The final Development Flight Trials of Astra – Beyond Visual Range Air to Air Missile (BVRAAM) was conducted recently over the Bay of Bengal, Off the Coast of Chandipur, Odisha. The trials were successful.
  • The missions included engagement of target at very long range, engagement of high manoeuvring target at medium range and multiple launches of missiles in salvo to engage multiple targets.
  • All the sub-systems including the indigenous RF Seeker performed accurately, meeting all the mission parameters and objectives.
  • Astra is a Beyond-Visual Range, air-to-air indigenously developed.
  • The all-weather, radar homing missile has high manoeuvrability and capability to engage and destroy aerial targets at supersonic speeds.
  • The 60-km plus range missile possesses Shot Kill Probability (SSKP) making it one of the most reliable in its class of weapon systems.


Rupee, gold widen current account gap
A stronger rupee, in addition to gold imports before the Goods and Services Tax regime kicked in, has led to a sharp widening of the current account deficit (CAD) to $14.3 billion in the April-June period, which was 2.4% of the GDP. In the year earlier period, the CAD was $0.4 billion, which was 0.1% of GDP.
  • The current account deficit was $3.4 billion or 0.6% of GDP, in the January-March period.
  • According to latest data released by the Reserve Bank of India, the widening of the CAD on a year-on-year basis was primarily on account of a higher trade deficit ($41.2 billion) brought about by a larger increase in merchandise imports relative to exports.


Forex reserves hit $400 billion
The country’s foreign exchange reserves have touched $400 billion for the first time. Four years after the rupee hit a historic low, the RBI’s forex kitty has swelled by more than $125 billion.
  • Data showed foreign exchange reserves rose by $2.6 billion from the previous week to $400.7 billion in the week ended September 8. Foreign currency assets mainly contributed to the increase in the period.


ICICI Bank offers 20% cashback on home loans Offer on the bank’s credit, debit card customers
ICICI Bank will be offering up to 20% cashback on home loans to its credit- and debit-card holders.
  • The offer is open to customers with minimum spends of Rs. 30,000 during the offer period — valid till November 30, on ICICI Bank debit and credit cards.
  • New customers or those transferring their loans to ICICI Bank are eligible.


Four IIMs to get new chairmen
The Ministry of Human Resource Development is set to appoint new chairmen for the Indian Institutes of Management at Jammu, Ranchi, Tiruchirappalli and Shillong, and has zeroed in on names for the positions.
  • Camlin vice-chairman and executive director Shriram S. Dandekar is set to be appointed chairman of IIM-Jammu. Chairman of Diamond India Ltd Pravin Shankar Pandya is set to be the IIM-Ranchi chairman.
  • IIM-Tiruchirapalli will also get a new chairman in Jalaj Dani, who quit Asian Paints months ago. The head of S.K. Bajoria Group, Shishir Bajoria, is set to be chairman of IIM-Shillong.
  • The chairman of an IIM is an honorary, non-executive position.



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