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INDIAN AFFAIRS
FSSAI panel clamps down on junk food, bats for tax, ad ban
In a bid to cut down consumption of unhealthy food products and reducing the rising burden of chronic diseases like cancer and diabetes, Indian food regulator, Food Safety and Standards Authority of India (FSSAI) has proposed a set of measures, including tax, 
strict labelling norms and ban on advertisements of such products.
i. These measures have been recommended by FSSAI’s 11-member panel on ‘Consumption of Fat, Sugar and Salt (FSS) and its health effects on Indian population’. This panel comprised experts from different fields’ viz. medicine, nutrition and dieticians from medical research and academic institutions.
ii. The report of expert panel recommended balanced diet comprising around 60-70% of total calories from carbohydrate, 10-12% from protein and 20-30% from fat.
PM Modi launches integrated case management system of Supreme Court in presence of CJI
On May 10, 2017, Prime Minister Narendra Modi launched the Integrated Case Management Information System(ICMIS) of the Supreme Court. Chief Justice of India (CJI), J S Khehar and Union Law and IT Minister, Ravi Shankar Prasad were also present at the occasion.
i. This system will serve as a digital repository for case-related information, enabling litigants to access data and retrieve information online. All records of cases (pertaining to all stages) at district court or high court will be available in digital form.
ii. It is a step in the direction of paperless Supreme Court, which contributes to saving environment as well as achieving the vision of ‘Digital India’.
Government sets up a high-level task force to compute timely data on employment
The government has set up a high-level task force to compute timely data on employment situation in the country.
Key Notes:
i. It will help in framing policies and it will also help in creating jobs.
ii. According to a task force has been created under the chairmanship of Aayog’s vice chairman Arvind Panagariya with labour secretary Sathiyavathy, secretary statistics T.C.A. Ananth, Pulak Ghosh of NITI Aayog and Manish Sabharwal as members.
iii. The task force will recommend solutions which can be implemented in a time bound manner official think tank NITI Aayog.
iv. PM Modi has directed that this task be accelerated so that policies on employment can be formulated with a proper appreciation of impacts, based on credible data.
NBT to host book fairs in panchayats
The National Book Trust (NBT) has launched Panchayat Pustak Mela. Its aim is to organize regular book fairs in rural areas across the country.
Key Notes:
i. The main objective of hosting book fairs in Panchayat level is to encourage the growth of reading habit in villages.
ii. All the books showcased at the fairs will be published by the NBT in regional languages, Hindi and English.
iii. The NBT will start to host book fairs bodies in the Maoist-hit areas of Chhattisgarh.
iv. The organisation recently brought out eight books in local laguage used in the Bastar region of Chhattisgarh, in Devnagri script.
v. To make this program successful it will join hands with the state governments and also invite Panchayat representatives to these book fairs.
vi. The books on display will include the lives of freedom fighters and heroes and there would also be children’s books.The books will bring a sense of pride among rural youth.
IRCTC starts cash-on-delivery service on train tickets
IRCTC has offered delivery of rail tickets allowing passengers to make payment through any payment mode, including cash.
Key Points:
i. IRCTC through its website and mobile app has now introduced pay-on-delivery as one of the payment options for its customers.
ii. Passengers can book train tickets online and pay at the time of delivery.
INTERNATIONAL AFFAIRS
India wins stay at International Court of Justice in Kulbhushan Jadhav case
The International Court of Justice stayed the execution of Indian national Kulbhushan Jadhav, who has been sentenced to death by a Pakistani military court on charges of “spying”.
Key Notes:
i. The order by the Hague-based International Court of Justice came a day after India approached it against the death sentence to Jadhav by Pakistan’s Field General Court Martial last month.
ii. India asserted that Jadhav was kidnapped from Iran where he was involved in business activities after retiring from the Indian Navy.
iii. India has appealed to the International Court of Justice accused Pakistan of outstandingly bad violations of the Vienna Convention on Consular Relations.
iv. Pakistan claimed to have arrested him from Balochistan on 3 March 2016.
v. The International Court of Justice said India urged it to restrain Pakistan from carrying out
the death sentence direct Islamabad to take steps to cancel the decision of the military court.
About International Court Of Justice
♦ HQ- The Hague Netherland
♦ Established : 1945
♦ President: Ronny Abraham
BANKING & FINANCE
RBI extends BBPS deadline by seven months
On May 9, 2017, Reserve Bank of India (RBI) extended the deadline for companies undertaking billing business under the Bharat Bill Payment System (BBPS) by seven months to December 31, 2017.
i. The extension has been granted on account of difficulties expressed by various entities in meeting the deadline.
ii. The extension is for those companies intending to become an agent of an authorised Bharat Bill Payment Operating Unit (BBPOU) or wants to exit the business of bill payments
iii. As per the guidelines issued on November 28, 2014, for implementation of BBPS, banks and non-bank entities, currently engaged in the bill payment activities covered under ambit of BBPS can participate either as Bharat Bill Payment Operating Units (BBPOUs) or as an agent of an authorised BBPOU.
SEBI allows subscription to MF schemes through e-wallets
Securities markets regulator Sebi has permitted subscription to mutual fund (MF) schemes through e-wallets.
Key Notes:
i. According to Sebi’s guidelines, investors can invest up to Rs 50,000 per MF per financial year through e-wallets.
ii. MFs/AMCs shall ensure that only amounts loaded into e-wallet through cash or debit card or net banking, can be used for subscription to MF schemes.
iii. MFs/AMCs shall ensure that e-wallet issuers shall not offer any incentives such as cashback, voucher.
iv. MFs/ AMCs can offer IAF only in liquid schemes of the MF.
v. The monetary limit under IAF shall be Rs 50,000 or 90 per cent of latest value of investment in the scheme, whichever is lower.
vi. This limit shall be applicable per day per scheme per investor.
About SEBI:
♦ Founded 12th April 1988
♦ HQ : Mumbai
♦ Chairman: Ajay Tyagi
AWARDS & RECOGNITIONS
Konkona bags Best Director and Best Actress awards at New York Indian Film Festival
Konkona Sensharma has bagged the best director for her debut film ‘A Death in the Gunj’.
Key Notes:
i. Konkona had also bagged the best actress for ‘Lipstick Under My Burkha’ at 2017’s New York Indian Film Festival (NYIFF).
ii. The film festival took place from April 30 to May 7.
iii. She received the top honour for her performance in Alankrita Shrivastava’s ‘Lipstick Under My Burkha’.She won the award for directing the drama thriller.
iv. K Kaladharan won the best actor for Malayalam film ‘Ottayaaln Paatha'” (‘A Narrow Path’).
v. Shubhashish Bhutiani’s ‘Mukti Bhawan’ was declared the best film at the 17th annual film festival.
vi. Onir’s film ‘Aaba’ was declared the best short film at the festival.It was presented by the Indo-American Arts Council.
APPOINTMENTS & RESIGNS
Moon Jae-in elected South Korea President
South Korea has chosen Moon Jae as its new President. Center-left candidate Moon Jae-in was elected by a majority of votes.
Key Notes:
i. Moon has replaced President Park Geun-hye.
ii. He belongs to liberal Democratic Party. He leads with 41.1% of the vote.
iii. He is the son of refugees from North Korea and was twice jailed for organizing pro-democracy demonstrations against South Korean dictator Park Chung-hee.
About South Korea:
♦ South Korea Capital : Seoul
♦ South Korea Currency: Won
♦ Prime Minister : Hwang Kyo-ahn
Twitter elevates Taranjeet Singh as Country Director for India
Twitter has elevated Taranjeet Singh as its Country Director for India. He was earlier leading the charge for sales and marketing support for Twitter’s advertisers in India.
Key Notes:
i. Twitter, which allows users to engage with peers, corporate and government using 140 characters, has over 319 million users globally.
ii. Twitter had launched a lighter version of its platform Twitter Lite for users in India.
iii. Before joining Twitter, Singh was sales director, South Asia for BBC Advertising.
iv. Twitter counts India among its top five audience markets globally.
About Twitter
♦ Founded : 21st March 2006
♦ HQ: San Francisco California USA
♦ CEO Jack Dorsey
ACQUISITIONS & MERGERS
Techmagnate acquires BlogX, the largest blog conference in India
Techmagnate, India’s leading Digital Marketing Agency acquired BlogX. It is the India’s largest blog conference where bloggers and content managers connect.
Key Notes:
i. Techmagnate is a full-fledged Digital Marketing agency that specializes in SEO, PPC, Content Marketing, Social Media and Website Designing.
ii. It is rated as one of the best digital agency offering digital marketing services in India.
iii. BlogX is India’s leading blog conference where bloggers and content managers from all backgrounds connect to learn from each other while networking with industry leaders in the blogging community.
Key People:
♦ Manmeet Pal Singh, founder of BlogX
♦Sarvesh Bagla, CEO of Techmagnate
Railways to acquire EOTT system to run trains without guards
The Indian Railway will acquire EOTT systems to run trains without guards. Its total cost is Rs 100 crore for acquiring sophisticated equipment to run 1000 trains without guards.
Key Points:
i. The End of Train Telemetry (EoTT) equipment is used to establish communication between the locomotive driver and the last wagon of the train.
ii. EoTT system comprises two units one unit called cab display unit (CDU) fitted on the locomotive and the other is sense and brake unit (SBU) fitted on the last coach or wagon of the train.
iii. Both the units are fitted with radio transmitter which will communicate with each other.
iv. It will ensure that the train is running with all coaches or wagons as a complete unit.
v. The equipment is designed to do the guards job by giving indication to the loco driverin case of parting of coaches or wagons from the rear side of the train.
vi. In beginning Railway will acquire 1000 EoTT equipment.
vii. The transmitter and the last vehicle receive exchange signals at regular intervals to ensure that the train is running intact.
Apple becomes first company to hit $800 bn valuation mark & Apple acquires sleep-tracking app ‘Beddit’
Apple Inc became the first U.S. Company to top the $800 billion mark in market capitalization.
Key Notes:
i. Apple has moved slightly more than two years after it crossed the $700 billion threshold.Apple has bought Finnish sleep tracking firm Beddit.
ii. It aims to boost its health and fitness services.
iii. Beddit has been acquired by Apple on 8th
iv. Beddit had raised $3.5m (£2.7m) in funding since it was founded.
v. The £130 Beddit sleep tracker consists of a 1.5mm thick strip of sensors that are placed on top of the mattress and connected to a wall outlet for power.
vi. It also acts as an intelligent alarm clock that wakes you up in the lightest sleep phase.
SCIENCE & TECHNOLOGY
Indian Navy Decommissions Minesweepers – INS Karwar and INS Kakinada
On May 9, 2017, two minesweepers of Indian Navy – INS Karwar and INS Kakinada, were decommissioned at the Naval Dockyard in Mumbai in presence of Indian Navy Chief Sunil Lanba.
i. Both these ships were commissioned in year 1986. During their tenure, they have undertaken several minesweeping missions using the older mechanical sweeps as well as the latest side-scan sonars.
ii. INS Karwar (Identification – M67) was acquired from the erstwhile USSR.INS Kakinada (Identification – M70) was also acquired from erstwhile USSR and was commissioned at Riga on December 23, 1986.
SPORTS
NBA inaugurates academy in India
The National Basketball Association (NBA) -the governing body of Basketball in US inaugurated its first ever academy in India in Greater Noida, Uttar Pradesh.
i. 21 boys in the age group of 12 to 17 years who were selected through a 3-month nationwide basketball talent search comprise the first batch of academy.
ii. The selected boys will receive scholarships and will be provided training at the academy. The objective is to train the boys for a successful career in basketball. It is a residential programme which takes care of boys’ accommodation as well as schooling.
iii.Facilities at NBA Academy: Olympic size swimming pool, world class gym, strength and conditioning centre and the cafeteria where the chef prepares customised food for each kid.
Jhulan Goswami named Highest Wicket-Taker in Women’s One-Day Internationals
Indian fast bowler, Jhulan Goswami now holds the record as highest wicket-taker in women’s one-day international. In the ongoing Women’s Quadrangular Series in South Africa, Jhulan managed to get 3 wickets in a match against South African team, which took her career total to 181 wickets in 153 matches. She thereby broke Australia’s Cathryn Fitzpatrickthe’s world record of 180 wickets. India’s former left-arm spinner Neetu David is at No. 4 position with 141 wickets.
About Jhulan Goswami:
i. Jhulan Goswami was born on November 25, 1982 in West Bengal.
ii. She played her first one-day match in year 2002.
iii. She is the former captain of Indian Women’s Cricket team and is regarded as one of the fastest bowlers in women’s cricket.
iv. Awards & Recognition: ICC Women’s Cricketer of the Year 2007, Arjuna Award – 2010, Padma Shri Award – 2012.
Rugby-SA Rugby gets approval to bid for 2023 World Cup after ban lifted
The South African government had lifted a ban on the country’s rugby union after it made progress improving racial diversity in the sport.
Key Points:
i. It gets approval to bid for 2023 Rugby World Cup.
ii. The government imposed the ban last year.
iii. The ban also applied to athletics, cricket and netball.
About South Africa
♦ Capitals: Cape Town, Pretoria, Bloemfontein
♦ Currency: South African rand
OBITUARY
Stanley Weston, ACTV Founder & GI Joe Inventor dies at 84
Stanley Weston, co-founder of interactive TV programming company ACTV died on 1st May at 84 years old. He is the man who conceived the idea of the G.I. Joe action figure.
Key Notes:
i. Weston was born in Brooklyn, N.Y., on April 1, 1933. He attended New York University before entering the army shortly after the end of the Korean War.
ii. Upon the release of Barbie dolls in 1960, Weston decided that there should be an action figure for boys and came up with the idea for a military action figure.
iii. He sold the concept that became G.I. Joe to the company that became Hasbro in 1963.
iv. He was inducted into the Licensing Industry Hall of fame in 1989 as part of the inaugural induction class.
Former Maharashtra Minister Arjun Tulshiram Pawar passed away
Arjun Tulshiram Pawar, a senior NCP leader and former Maharashtra minister, passed away on May 10, 2017, in Mumbai after prolonged illness. Arjun Pawar was 80 and was under treatment at Bombay Hospital.
Political Career of Arjun Tulshiram Pawar:
i. He represented Kalwan, a constituency reserved for Scheduled Tribes in Nashik district for many years. However he lost the 2014 State Assembly election.
ii. In 1999, he was the Minister for Tribal Welfare in the Congress-NCP government led by Chief Minister Vilasrao Deshmukh.
IMPORTANT DAYS
World Migratory Bird Day – May 10 2017
World Migratory Bird Day 2017 is observed on 10th of May every year.
Key Notes:
i. The World Migratory Bird Day 2017 theme is “Their Future is our Future- a Healthy Planet for Migratory Birds and People”.
ii. The WMBD 2017 highlights the interdependence of people and nature, and more especially people 
and migratory animals – in particular birds.
iii. It is an effective tool to help raise global awareness of the threats faced by migratory birds, their ecological importance, and the need for international cooperation to conserve them.
iv. It was initiated in 2006 and is an annual awareness-raising campaign highlighting the need for the conservation of migratory birds and their habitats.
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