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Current Affairs Today – April 17 2016

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Current Affairs Today-17

INDIAN AFFAIRS

Netaji’s driver becomes oldest human alive at 116 years

Netaji’s Driver Colonel Nizamuddin becomes oldest human alive at 116 years by opening a bank account at the ripe old age of 116-years.

  • Colonel Nizamuddin alias Saifuddin’s voter identity card and passport, which he produced as proof of identity before the State bank of India for opening the account, he was born in 1900.
  • This year February a Japanese man, who was thought to be the oldest man alive passed away at the age of 114

World’s largest ‘charkha’ to be on display at IGI airport

Wooden Charkha -spinning wheel which is largest in the world is planned to be installed at Terminal 3 of the Indira Gandhi International Airport here is ready for dispatch from a unit of Khadi and Village Industries Commission (KVIC) in Ahmedabad.

  • It was the initiative of KVIC Chairman V K Saxena who decided to install the world’s largest charkha at the international airport in Delhi.
  • This is to showcase India’s symbol of non-violence to the world through the airport where around 2, 50,000 people/tourists visit every day

Army conducts battle exercise ‘Shatrujeet’ in Rajasthan

Indian Army’s elite STRIKE 1 corps is to conducting a major exercise Shatrujeet in the deserts of Rajasthan to evaluate the capability of the Army to strike deep into enemy territory in an integrated air-land battle environment.

  • Nearly 30,000 soldiers are take part in exercise Shatrujeet to ensure the forces are provided real war-like situations and are kept in a high state of battle readiness.
  • The exercise would culminate on April 23.
  • Shatrujeet is focusing onvalidating integrated battle theatre fighting concept incorporating new-age technologies, weapon platforms and systems as well as long range precision targeting vectors.

Indian Army:

  • The Indian Army is the third largest contingent in the world only after USA and China.
  • It holds the record for holding and controlling the highest battlefield in the world, the Saichen glacier, which is 5000-meters above sea level.

SC/ST victims to get minimum compensation of Rs 8.5 lakh from state government

Union government to compensate of Rs 8.5 lakh for SC/ST victim of gang rape, murder or an acid attack including 47 offencesto get the compensation from a state government, The new rules have come into force immediately.

Amended SC/ ST Prevention of Atrocities Act 1995:

  • The amended the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Rules, 1995, in which states will pay compensation ranging from Rs 1 lakh to Rs 8.25 lakh to SC/ST victims.
  • The amounts now must be paid by the state within 7 days of the incident being reported, either in full or at various stages of the investigation and trial, as per a schedule.
  • The new rule says state Police have to file a charge sheet in cases of SC/ST victims within 60 days and any delay has to be explained in writing by the officers.

ISB, Singapore Management University ink MoU

The Indian School of Business (ISB) and Singapore Management University (SMU)isb1 signed a Memorandum of Understanding (MoU) for collaboration in innovation, entrepreneurship and research for five years.

Key facts of MoU:

  • To exchange faculty and students and might also explore the possibility of offering joint programmes .
  • To contribute their ideas on business modelling, commercialisation of technologies and preparing companies for international markets

About ISB:

Indian School of Business (ISB), a private business school in India with campuses at Hyderabad and Mohali.

  • ISB is the first business school in India to be accredited by the Association to Advance Collegiate Schools of Business
  • ISB has been ranked 33rd in the world in the 2015 Financial Times Global MBA Rankings.

Odisha’s Nabarangpur, Poorest district gets first government degree college

India’s poorest district Nabarangpur in Odisha will get its first Government model degree college.

  • The College, being built at a cost of Rs 8.87 crore, will offer arts, commerce and science streams .
  • The project is being funded by the Centre and the state government in the ratio 65:35.

Keys

  • First College: M. S.College Kottayam, Kerala, established in 1817
  • First University : The University of Calcutta established on 24 January 1857.

INTERNATIONAL AFFAIRS

Forbes Releases First Ever ‘Global Game Changers’ List, Three Indians Make The Cut

Forbes in its inaugural edition of Global Game Changers List launched this year has ranked some of the biggest names in business.

  • Topped by Mark Benioff of Salesforce.com and Mark Zuckerberg of Facebook (ranked 30).
  • Three Indians have been featured in the list, they are Rahul Bhatia of InterGlobe Enterprises, Cyrus Poonawalla of Serum Institute of India, and Sunny Varkey of GEMS Education at 3, 23 and 26 positions respectively.

US jury slaps $940 million fine two companies of India’s Tata grouptcs

A US grand jury has slapped $ 940 million fine on two companies of India’s Tata group namely Tata Consultancy Services (TCS) and Tata America International Corp 
  • TCS and Tata America International must pay USD 240 million to Epic Systems for stealing its software 
  • Tata firms have also been asked to pay another USD 700 million as penalty.

WADA revokes Russian lab accreditation

World Anti-Doping Agency revoked the accreditation of the Moscow Antidoping Center of Russia due to non-compliance with theInternational Standard for Laboratories and the related Technical Documents

  • The laboratory had been suspended on November 10, 2015 as recommended in the WADA independent commission report that laid bare evidence of state-sponsored doping and corruption in sport in the country.
  • Now Russia lab can continues to grapple with the scandal that could see its athletes barred from the Rio Olympics.
  • The Laboratory will continue to be prevented from carrying out the testing of doping control samples on behalf of WADA or any testing authority.

About WADA:

The World Anti-Doping Agency is a foundation created through a collective initiative led by the International Olympic Committee.

  • Headquarters: Montreal, Canada
  • President: Craig Reedie

BANKING & FINANCE

Government to allow Pakistani Hindus to buy property, open bank accounts 
People belonging to minority communities of Pakistan, staying in India on Long Term Visa, will soon be allowed to buy property, open bank accounts and get PAN Card as well as Aadhaar.
  • The government also offer reduction in fees for registration as citizens of India from Rs.15,000 to as low as Rs.100.
  • The exact number of minority refugees from Pakistan, Bangladesh and Afghanistan living in India is not known.
  • Approximately, 400 Pakistani Hindu refugee settlements are there  in cities like Jodhpur, Jaisalmer, Jaipur, Raipur, Ahmedabad, Rajkot, Kutch, Bhopal, Indore, Mumbai, Nagpur, Pune, Delhi and Lucknow.

Oriental Bank of Commerce to raise Rs 178 crore by issuing shares to LIC

Oriental Bank of Commerce will raise over 178 crore by issuing shares to Life obcInsurance Corporation on a preferential basis.

  • The decision comes from lender after Extra-ordinary general meeting held on 29 March that to issue over 2 crore shares to LIC was taken at the bank’s, it said in a regulatory filing.
  • To create, offer, issue and allot 2, 15, 48,758 equity shares of the bank that aggregating up to Rs 178.40 crore on preferential basis to Life Insurance Corporation.

BUSINESS

Noble Travels launches online visa assistance portal ‘VisaforSure’

Noble Travels has launched its online visa assistance portal, Visaforsure aiming half a million Indian customers in the current financial year.

  • The visa portal Visaforsure.in will be offering information and facilitation services to customers who are applying for visas, be it for tourist or business.
  • Noble Travels had earlier launched its hotel room auction and bidding website com.

SCIENCE & TECHNOLOGY

Scientists create fish-inspired lens to see in the dark

Scientists have combined the best features of a lobster and a fish to create an artificial eye that can see in the dark.
  • Researchers from the University of Wisconsin-Madison in US improved the sensitivity of the imaging system through the lenses rather than the sensor component.
It may be used in
  • surgical probes
  • search-and-rescue robots
  • planet-seeking telescopes

SPORTS

Australia thrash India 4-0 to win Sultan Azlan Shah Cup

Australia achieved up a huge 4-0 victory over India in the summit clash to win the Sultan Azlan Shah Cup hockey tournament in Malaysia.

  • Australia won the tournament for a record ninth time. The result meant Australia lifted the trophy with an all-win record.
  • The New Zealand took the third place while the Hosts Malaysian team grabbed fourth spot.

Sultan Azlan Shah Cup:

  • Australia being the most successful team in the tournament with nine titles while India with 5 titles the team earlier won the trophy in 2010.
  • The tournament is named after the ninth King of MalaysiaSultan Azlan Shah and keen fan of field hockey.

Nico Rosberg wins Chinese GP for sixth straight Formula One victory

Nico Rosberg of Mercedes claimed a dominant win in Chinese Grand Prix over Mercedesnico team mate Lewis Hamilton, who battled up to seventh with some feisty driving.

  • Germanian Rosberg’s this win was the 17th of Rosberg’s career and spread out his streak of race victories to six, his last one was Mexican Grand Prix.
  • With this he becomes just the fourth driver in F1 history to win six straight races, joining Sebastian Vettel, Michael Schumacher and Alberto Ascari.

OBITUARY

Finance Minister’s PRO & Former Journalist D.Ravinder passes away

Finance Minister Eatala Rajender’s Public Relations Officer and former journalist D. Ravinder passed away

  • Ravinder from Raikal of Karimnagar district, Telanagana
  • He worked as reporter for Etv and Saakshi Telugu news channels.
  • Later, he joined as PRO to the Finance Minister.

IMPORTANT DAYS

World Hemophilia Day – April 17
World Hemophilia Day is an international observance held annually on April 17 by the World Federation of Hemophilia. It is an awareness day for Hemophilia and other bleeding hemodisorders.
  • The day was first established in 1989. The date of 17th April was chosen to honour the founder of WFH, Mr.Frank Schnabel, whose birthday falls on the same date.
  • Theme 2016: “Treatment for All The Vision of All”
About Hemophilia:
When a person without hemophilia bleeds, normal levels of clotting factor, a protein in the blood, causes the blood to clot and stops the bleeding. However, hemophiliacs (people with hemophilia) have lower levels of clotting factor in the the blood and bleeding continues for much longer periods.