Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 09 - JULY - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 09 - JULY - 2016
Saturday, 09 July 2016 04:39

 

 



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09- JULY - 2016

BRICS WORKING GROUP MEETING ON ENERGY SAVING AND ENERGY EFFICIENCY BEGINS IN VISAKHAPATNAM

The first meeting of the BRICS Working Group onEnergy Saving and Energy Efficiency commenced on 4 July 2016 in Visakhapatnam. The meeting will be concluded.

The two-day meeting will be attended by all 5 members of BRICS (Brazil, Russia, India, China and South Africa) countries.

The Union Power Ministry is hosting the meeting of the Working Group.

India assumed the BRICS chair for 2016 and will accordingly shape and steer the BRICS agenda.

Agenda for BRICS Working Group Meeting on Energy Saving and Energy Efficiency

The BRICS countries will make presentations on measures taken by them in the field of energy saving and energy efficiency.

India will showcase its efforts in energy saving, energy efficiency.

India, in particular, will showcase the LED street lighting programme and Performance Achievement & Trade (PAT) programme for Industrial energy efficiency.

The Working Group on Energy Saving and Energy Efficiency will deliberate on a Work Plan on development of cooperation in energy saving and energy efficiency within BRICS.

During the meeting, a Joint Statement will be agreed upon. The statement will be a guiding tool for the BRICS Working Group on Energy Saving and Energy Efficiency.

Background

The BRICS energy Ministers signed a Memorandum of Mutual Understanding in Energy Saving and Energy Efficiency during the meeting of the BRICS Ministers of Energy held on 20 November 2015 in Moscow.

By signing the Memorandum, they agreed to pursue their energy cooperation through joint research and technology projects, technology transfer, and conferences and so on.

The Ministers also decided to create a Working Group on Energy Saving and Energy Efficiency to coordinate their cooperation.

2016 BRICS YOUTH SUMMIT HELD WITH THEME YOUTH AS BRIDGE FOR INTRA-BRICS EXCHANGES

The 2016 BRICS Youth Summit held in Guwahati, Assam concluded. The theme of the 2nd youth summit that started on 1 July 2016 was“Youth as bridge for Intra-BRICS Exchanges”.

The three day summit saw participation of officials and youth of the delegation from BRICS nations, namely Brazil, Russia, India, China and South Africa.

The summit concluded with certain recommendations and they are

Recommendations for Skills Development & Entrepreneurship

• Create and strengthen apprenticeship programmes in the existing BRICS institutions

• Document and disseminate success stories among the BRICS nations

• Facilitate transfer of skills between mentors and mentees among the BRICS nations

• Ensure access to decent jobs for youth across the BRICS nations

• Promote and replicate the Know About Business (KAB) entrepreneurship programme within the BRICS nations

• Provide  training  to  Small  and  Medium  Enterprises  (SMEs)  on  business  development services, business plans and website development

• Create  and  promote  regular  expositions  of  young  people  and  youth  entrepreneurs  to facilitate exchange of best practices, new technologies and seek financial support

Recommendations for Social Inclusion

• Social inclusion is a cross-cutting concern within the BRICS nations. Initiatives must, therefore, prioritise marginalised and vulnerable young people to ensure access to education, healthcare, including reproductive health and social protection services.

• Initiate capacity building programmes for professionals who work with young people in the BRICS nations.

• Create a BRICS Social Science Youth Research Network.

Recommendations for Youth Volunteerism

In order to raise the value of youth volunteering:

• Facilitate cross-learning to access opportunities for leadership development.

• Accredit and recognise youth volunteer programmes for acceptance across the BRICS nations.

• Establish online platforms to highlight best practices, opportunities and recognise good work.

In  order  to  promote  exchanges  on  volunteerism  among the  BRICS  nations  through structured volunteering and civic service projects:

• Design and facilitate volunteer exchange programmes with a unified set of standards.

• Provide volunteers with opportunities to have mutually enriching learning experiences including internships with official institutions.

• Develop capacities of professionals managing volunteer programmes.

Recommendations for youth participation in Governance

• In order to create and systematise a road map for youth exchange programmes between the BRICS nations, promote model of BRICS Summer School in respective countries and offer opportunities for youth to participate.

• Coordinate existing and create new opportunities for youth participation in governance and decision making.

• Facilitate the capacities and participation of youth in public policy, programme formulation and monitoring & evaluation.

• Advocate for incorporation of lessons on public policy, governance and civic engagement in school curricula.

• Explore the possibility of creating a BRICS Youth Council (BYC) with a minimum of two thirds representation of youth.

Means of Implementation

• Appeal to the New Development Bank to provide financial support for youth initiatives as proposed by the BRICS nations.

• Design and facilitate exchange programmes in the four thematic areas.

• Establish the BRICS Youth Secretariat initially in virtual form, consisting of one government official and one youth representative from each nation to ensure the realisation of youth initiatives agreed upon at the BRICS Youth Summits.

• Create an online platform to share best practices and opportunities.

• Report on the progress made at the next BRICS Youth Sum.

The 1st BRICS Youth Summit was held in Kazan, Russia in 2015.

B SAI PRANEETH WINS 2016 CANADA OPEN GRAND PRIX BADMINTON MEN’S SINGLES TITLE

Indian shuttler B Sai Praneeth clinched the Canada Open Grand Prix Badminton Men’s Singles title at Calgary.

Praneeth defeated Lee Hyun II of Korea 21-12, 21-10.

On the other hand, men's doubles pair of Manu Attri and B Sumeeth Reddy also grabbed Men’s doublestitle at the tournament.

Top seed doubles pair Attri and Reddy defeated Adrian Liu and Toby Ng 21-8 21-14 in a lop-sided final. The pair of Attri and Reddy is the first Indian men's doubles pair to qualify for the Rio Olympics.

Who is B Sai Praneeth?

Sai Praneeth Bhamidipati is a badminton player hailing from Hyderabad, Telangana.

He is currently ranked 33rd in the Badminton World Federation.

His highest ranking has been 31st as on 23 July 2015.

About Canada Open Grand Prix Badminton

The Canada Open in badminton is an international open held in Canada since 1957.

In 1957, the Canadian Badminton Federation decided to open the Canadian National Championships and they were combined with the Canadian Open until 1961.

In 1962, they were divided and held as separate tournaments.

Lee Chong Wei of Malaysia was the winner of 2015 Canada Open Men’s singles title.

China’s Li Junhui and Liu Yuchen won the men's doubles title at the 2015 Canada Open.

INDIA’S FIRST COMMERCIAL COURT & DISPUTES RESOLUTION CENTRE INAUGURATED IN CHATTISGARH

India’s first commercial dispute resolution centre and commercial court was inaugurated at Naya Raipur, Chhattisgarh.

The centre and court were inaugurated by Chhattisgarh Chief Minister Dr. Raman and Justice Madan B. Lokur of the Supreme Court of India.

Highlights

• The court also consists of arbitration centre and a mediation centre.

• Some facilities available for litigants through the new system includes video-conferencing, E-Court, E-Library, E-Filing and E-Summons.

• These ultra-modern facilities available at the court will facilitate the investors in their commercial dealings.

• The Court will help in improving the judicial system.

JAWAHARLAL NEHRU PORT BECOMES INDIA’S FIRST PORT TO IMPLEMENT LOGISTICS DATA TAGGING OF CONTAINERS

Jawaharlal Nehru Port became the first port in India to implement logistics data tagging of containers.

The implementation of the logistics data bank tagging of containers will help importers/exporters track their goods in transit through logistics data bank service.

Key highlights of the implementation

A Radio Frequency Identification Tag (RFID) will be attached to each container. The containers will be tracked through RIFD readers installed at different locations.

This will provide the Visibility and Transparency of the EXIM Container Movement by covering the entire movement through rail or road till the Inland Container Depots (ICDs) and Container Freight Stations (CFSs).

The service will integrate the information available with various agencies across the supply chain to provide detailed real time information within a single window.

This will help in reducing the overall lead time of the container movement across the western corridor and lower the transaction costs incurred by shippers and consignees.

About Jawaharlal Nehru Port

Jawaharlal Nehru Port is the largest container port in India.

It is located east of Mumbai in Maharashtra. It is situated on the Arabian Sea and is accessed via Thane Creek.

The port is also known as Nhava Sheva.

Its common name derives from the names of Nhava and Sheva villages that were situated there.

The port is also the terminal of Western Dedicated Freight Corridor proposed by Indian Railways.

MADHAV DHEKANE TOOK OVER AS DIRECTOR OF ISRO INERTIAL SYSTEMS UNIT

Noted scientist Madhav Dhekane assumed the office of Director at ISRO Inertial Systems Unit (IISU), Department of Space, at Vattiyoorkavu in Thiruvananthapuram, Kerala.

Dhekane is the seventh director of IISU.

Who is Madhav Dhekane?

Madhav Dhekane obtained a B-Tech degree in electrical engineering and an M-tech degree in Systems and Control from Indian Institute of Technology, Mumbai.

He had joined Vikram Sarabhai Space Centre (VSSC) in 1983.

He holds wide experience and expertise in the launch vehicle control and guidance design, onboard software development and mission design, and analysis.

He had also held various significant positions in ISRO such as Deputy Director, Control, Guidance & Simulation Entity at VSSC, Chief Controller at VSSC and Associate Director (R&D) at VSSC.

About ISRO Inertial Systems Unit

The ISRO Inertial Systems Unit is a research and development unit of the Indian Space Research Organisation (ISRO).

IISU is located in Thiruvananthapuram, Kerala.

It specialises in inertial sensors and systems in satellite technology.

Its specialized fields include the fields of launch vehicle inertial systems, spacecraft inertial systems, inertial sensors evaluation and simulation, inertial system production and more.

The unit has the total capability to design, engineer, develop, qualify and deliver inertial systems for the entire Indian Space programme.

GOVT REDRAWS ITS TEAM

  • Prime Minister Narendra Modi’s expansion of his Council of Ministers turned out to be a redrawing of his entire team, with major changes in portfolios held by senior members.
  • This seems to be a consequence of a very thorough performance appraisal done by Mr. Modi of his Ministers over the last three months, during his monthly meetings with his entire Council.
  • Prakash Javadekar, promoted to Cabinet rank, was one of the biggest gainers in the reshuffle, bagging the prestigious Human Resource Development portfolio.
  • He replaces Smriti Irani, who has been handed the Textiles portfolio. This brings to an end Ms. Irani’s controversy-ridden tenure, which saw unrest break out in campuses across the country.
  • Finance Minister Arun Jaitley opted out of handling the I&B Ministry, with the charge now being handled by Urban Development Minister M. Venkaiah Naidu. Mr. Jaitley will handle Corporate Affairs as well, as before.
  • It was also promotion time for Information and Technology Minister Ravi Shankar Prasad, who got back the Law portfolio after losing it in November 2015.
  • His Communications portfolio has been given to Manoj Sinha, who has been promoted to Minister of State with independent charge.
  • Another big gainer was Minister of State for Power Piyush Goel, who gets Coal and Mines as well.
  • This major rejig, with the induction of 19 new faces, is significant with regard to the upcoming Parliament session, with Ananth Kumar, known for networking across party lines, being given additional charge of Parliamentary Affairs.
  • According to a list of portfolio allocations released by the government Anil Madhav Dave, sworn in as Minister of State, has been given independent charge of Environment and Forests and Climate Change.
  • While Vijay Goel has been allocated the portfolio of Sports and Youth Affairs, again as independent charge.

MADRAS HIGH COURT PROVIDES GUIDELINES FOR FREEDOM OF EXPRESSION

  • The Madras High Court has said it is the State’s responsibility to maintain law and order, and that it should not permit any compulsion on artists concerned to withdraw from their stand.
  • It is important for the authorities to follow certain guidelines so that necessary precautions are taken to nip in the bud attempts to bring pressure on them so that it does not assume the proportion of a law and order scenario.
  • Elaborating on the freedom of speech enshrined in Article 19(1)(a) of the Constitution, Bench said: “The presumption is bound to be in favour of free speech and expression as envisaged, unless a court of law finds it otherwise as falling within the domain of a reasonable restriction under Article 19(2) of the Constitution of India.
  • Observing that it was time for the government to constitute an expert body to deal with situations arising from such conflicts of views
  • Such an expert body or panel of experts would obviate the kind of situations the court has discussed in the present case.
  • In such matters of art and culture, the issue could not be left to the police authorities or the local administration alone, especially when there was a spurt in such conflicts, the judges added.

HIGH PROPORTION OF FRESHWATER BIODIVERSITY IN THE KERALA MOVING TOWARDS EXTINCTION

  • More than half of the endemic freshwater biodiversity in the Kerala region of the Western Ghats could be inching towards extinction in habitats outside protected areas, a recent study by an expert group has revealed.
  • More than half of the 130 species were not represented in the Protected Area (PA) network of the State.
  • Odonates and freshwater shrimps had the fewest endemic species represented inside the protected areas of the State.
  • The scientists who are part of the study team feel that Kerala will have to nearly double the area of the current PA network by widening the extent of existing PAs or creating new ones, especially targeting areas that are significant for biodiversity.
  • The paper points out that conservation efforts by the government had failed to address the issue despite the drastic impact of human activities and natural disturbances on freshwater ecosystems of the Western Ghats.
  • The paper notes that native freshwater biodiversity inside protected areas was exposed to multiple threats like invasive alien species, damming of rivers and infectious diseases.
  • Although 62 endemic freshwater species occur inside the PA network, they are rarely subject to species- specific management or monitoring plans, it observes.

BANGLADESH HOPES THAT THE GLOBAL COMMUNITY WILL SUPPORT IN FIGHTING TERRORISM

  • Bangladesh has hoped that the international community will support the country in fighting terrorism.
  • Seven militants killed 20 visitors at an upmarket café in Dhaka in an overnight siege. The Islamic State (IS) has claimed responsibility.
  • Mr. Ali said terrorism was a global challenge and that Dhaka would continue to work “closely” with other countries, regional bodies and the UN to fight the menace.
  • Around 50 diplomats, most of them Ambassadors and High Commissioners from countries such as the U.S., U.K. Japan, Italy, Turkey, India and Pakistan, attended the briefing.
  • Meanwhile, the police have started interrogating more suspects besides two North South University teachers — Hasanat Reza Karim and Tahmid Hasib Khan.
  • The police declined to disclose the identities of the others who are under interrogation “in the interest of the investigation”.

BEIJING AND TOKYO AT LOGGERHEADS

  • Beijing and Tokyo were at loggerheads on Tuesday over accusations that Japanese warplanes locked their fire control radar onto Chinese aircraft.
  • Beijing also accuses Tokyo of interfering in the South China Sea, where it is not a claimant but has strengthened ties with some of the rivals, including the Philippines.
  • China bases its maritime claims on a vaguely defined “nine-dash line” dating back to maps it produced in the 1940s.
  • Manila lodged its suit against Beijing at the Permanent Court of Arbitration in early 2013, saying that after 17 years of negotiations it had exhausted all political and diplomatic avenues.
  • The tribunal will issue its ruling on July 12, though China has consistently rejected its right to hear the case and has taken no part in the proceedings.

NASA’S SOLAR-POWERED JUNO SPACECRAFT SUCCESSFULLY ENTERED JUPITER’S ORBIT

  • NASA’s solar-powered Juno spacecraft successfully entered Jupiter’s orbit after a five-year journey from the Earth, in a giant step to understand the origin and evolution of the king of planets and the solar system.
  • Juno will study the existence of a solid planetary core, map Jupiter’s intense magnetic field, measure the amount of water and ammonia in the deep atmosphere and observe auroras on our solar system’s largest planet.
  • The mission also will let us take a big step forward in our understanding of how giant planets form, NASA said. Juno’s name comes from Greek and Roman mythology.
  • The mythical god Jupiter drew a veil of clouds around himself to hide his mischief, and his wife — the goddess Juno — was able to peer through the clouds and unveil his true nature.

INDIAN FINANCIAL MARKETS WILL EXPERIENCE LIMITED IMPACT FROM BREXIT: MOODY'S

  • Indian financial markets will experience limited impact from Britain exiting the European Union (EU), according to Moody’s Investors Service.
  • Factors such as subdued global demand, weak rural incomes, higher food inflation and high leverage for some large corporates are likely to have a more immediate effect on the economy.
  • “Exports to the U.K. and the rest of the European Union account for 0.4 per cent and 1.7 per cent of India’s GDP respectively. Only a very large and prolonged slump in imports from these regions, which is not our baseline assumption, would markedly dent India’s exports,” it said.
  • There are reasons for less growth in India. First, lacklustre global demand constrains exports, which account for around 20 per cent of GDP,” the note said.
  • “Second, two years of drought have dampened consumption with weak rural incomes and higher food inflation lowering purchasing power.
  • Lastly, high leverage for some large corporates weighs on credit demand while impaired assets in the banking system negatively affect credit supply.”
  • Continued high corporate leverage, low nominal domestic growth and a lack of corporate pricing power will hold back investment activity for at least several quarters with poor asset quality and weak capitalisation likely to restrict public sector bank lending capacity, Moody’s said.

BANKS NEED $90 BN TO MEET BASEL-III NORMS: FITCH

  • Domestic banks will need a whopping $90 billion capital to meet the Basel-III norms which will be fully implemented by the March 2016, rating agency Fitch said.
  • Public sector banks will needs 80 per cent of the estimated capital, Fitch said.
  • “The capital needs have come down due to weak loan growth, but they are onerous for the banks, given weak asset quality and internal capital generation,” it said in a statement."
  • Out of the total capital requirement, more than 50 per cent has to be met via core equity and the rest largely via Additional Tier-1 (AT1) debt capital instruments.
  • Public sector banks have seen sharp rise in bad loans in the second half of 2015-16 and many of them reported heavy losses.
  • Fitch said the viability ratings of these banks will be under more pressure if capital levels are not addressed, either by the government or the market.

THE CENTRE APPROVED AN OUTLAY OF RS.10,000 CRORE TO PROVIDE APPRENTICESHIP

  • The Centre approved an outlay of Rs.10,000 crore towards a scheme to provide apprenticeship training to 50 lakh youth by 2020.
  • The approved National Apprenticeship Promotion Scheme will provide financial incentives to employers to engage apprentices.
  • Under the scheme, the Ministry of Skill Development and Entrepreneurship will share 25 per cent of the total stipend payable to an apprentice with employers.
  • The government will also fund 50 per cent of the total expenditure incurred by the employer in providing basis training to apprentices.
  • Some analysts felt financial incentives were only a miniscule component of the entire scheme of things that needed to be addressed to encourage apprenticeship training.

 

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