1 September 2017 Current Affairs

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01 Sep, 2017

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1) Which African country during August 2017 implemented world’s toughest plastic ban with provisions of imprisonment of up to four years or fines of $40,000? – Kenya

Explanation: On 28 August 2017 the east African country Kenya joined more than 40 other countries that have banned, partly banned or taxed single use plastic bags, including China, France, Rwanda, and Italy.

But the provisions in Kenya’s plastic ban are the world’s toughest till-date. Under the new anti-plastic regulation, Kenyans producing, selling or even using plastic bags will risk imprisonment of up to four years or fines of $40,000 (£31,000).

Kenya’s law allows police to go after anyone even carrying a plastic bag. It is worth mentioning that many plastic bags drift into the ocean, strangling turtles, suffocating seabirds and filling the stomachs of dolphins and whales with waste until they die of starvation.

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2) ISRO’s attempt to augment the country’s indigenous navigation services through the IRNSS-1H satellite became unsuccessful as the heat shield of the PSLV rocket did not open as the satellite reached sub-geosynchronous transfer orbit on 31 August 2017. What was an important fact associated with this unsuccessful launch? – This was the first time that the private sector had been actively involved in satellite development

Explanation: The successful launch of the 1,425 kg IRNSS-1H navigational satellite would have ushered a new era in the country’s history of space exploration as, for the first time, the private sector has been actively involved in assembling and testing of a satellite. Till now, the private sector’s role was limited only to supplying components.

But in a rare setback for Indian Space Research Organisation (ISRO) on 31 August 2017, the satellite’s fourth stage in the launch mission did not go as planned, nearly 20 minutes after satellite had a perfect lift off from the space centre in Sriharikota.

The PSLV C39 launch vehicle had a problem and heat shield did not separate. The first three stages of the satellite launch were completed as intended. IRNSS 1-H was intended to replace the IRNSS 1-A satellite that was launched on 1 July 2013.

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3) Which small bank was given the status of scheduled bank by the Reserve Bank of India (RBI) during August 2017? – Ujjivan Small Finance Bank Ltd

Explanation: Ujjivan Small Finance Bank Ltd. (USFB), a wholly-owned subsidiary of Ujjivan Financial Services Ltd, was given scheduled bank status by RBI during August 2017. USFB commenced its operations as a small finance bank with effect from 1 February 2017. Currently it has full-fledged brick and mortar branches in eight states and two Union Territories.

The status of scheduled bank will enhance the market acceptability of USFB in its effort to garner institutional deposits at a competitive price and participate more actively in the inter-bank market.

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4) What was the GDP growth rate of the Indian economy during April-June 2017 quarter (Q1) that is the lowest in last 3 years? – 5.7%

Explanation: According to the data released by the Union Government on 31 August 2017, India’s GDP grew 5.7% on a year-on-year basis during the April-June 2017 period (Q1). This was thus the lowest growth rate in last 3 years.

The GDP growth rate for the same quarter last year was 7.9%. The GDP growth rate has been slowing every quarter since March 2016, when it stood at a whopping 9.1%.

Analysts have owed the slowing rate of growth to disruptions in the economy caused by demonetisation and teething problems after the roll out of GST.

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5) Who was appointed the new Comptroller and Auditor General of India (CAG) by the Union Government on 31 August 2017? – Rajiv Mehrishi

Explanation: Former Home Secretary Rajiv Mehrishi was appointed the Comptroller and Auditor General of India (CAG) on 31 August 2017. His tenure as Union Home Secretary ended on 31 August 2017. He replaces Shashi Kant Sharma who has been occupying the post since 23 May 2013.

CAG i s an authority, established by the Constitution of India, which audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.

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6) Who was appointed the Election Commissioner in the 3-member Election Commission of India (ECI) on 31 August 2017? – Sunil Arora

Explanation: Senior IAS officer Sunil Arora was appointed the Election Commissioner on 31 August 2017. While Achal Kumar Joti is the Chief Election Commissioner (CEC), Om Prakash Rawat is the other Election Commissioner.

After Nasim Zaidi retired as Chief Election Commissioner in July 2017, there was a vacancy in the ECI.

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The Swedish newspaper was recently asked it to delete the reference made by President Pranab Mukherjee to the Bofors scam in an interview to it, as a claim protested by the Indian Government on 27 May 2015. India has expressed disappointment over the disrespect shown to the President, the newspaper has defended its right to publish what was said during the interview.

Know, who is Vijay Kelkar and what is PPP !

Vijay Kelkar is a renowned economist and a former Finance Secretary. He was appointed head of newly constituted committee to give recommendations to recast the model of Public-Private-Partnership (PPP) model in India. India is one of the largest PPP market with over 900 projects. The Kelkar committee will review the PPP policy, suggest a better risk-sharing mechanism between private developers and the government after analysing such projects.

Know, who is Yaduveer Krishnadatta Chamaraja Wadiyar !

Yaduveer Krishnadatta Chamaraja Wadiyar was crowned as the new Maharaja of of Mysuru (Mysore) royal family. He is the 23-year old grandson of Princess Gayathri Devi, who was the eldest daughter of the last Maharaja of Mysore, Sri Jayachamarajendra Wadiyar. The coronation was held at Mysuru’s famous Amba Vilas Palace, which was decked up for the occasion.

Know about Sepp Blatter!

Swpp Blatter, was re-elected as FIFA president for a fifth term at the 65th Annual Congress of FIFA held at Zurich for four year term.

Prince Ali bin al-Hussein of Jordan stood against Blatter in this election. It is worth mentioning that FIFA is going through a major controversy regarding corruption in the organisation with two FIFA vice presidents and a recently elected FIFA executive committee member still in custody.

 


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