Current Affairs: Daily GK Update 07th March, 2017

Posted byadmin Published On March 7th, 2017 Leave a comment on Current Affairs: Daily GK Update 07th March, 2017

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PM Narendra Modi to release Special Commemorative Postage Stamp

i. Prime Minister Narendra Modi will release commemorative Postage Stamp on 100th Anniversary of the Yogoda Satsang Society of India at a function in New Delhi .
ii. Yogoda Satsanga Society is a non-profit religious organization founded by Paramahansa Yogananda in 1917. Yogoda Satsanga Society of India (YSS) will celebrate its 100 years journey on 10th March 2017.

PM Narendra Modi to dedicate to nation Petrochemicals Complex

i. Prime Minister Narendra Modi will dedicate to the nation a Petrochemical Complex of ONGC Petro Additions Limited at Dahej, Gujrat. 
ii. During his two-day visit to Gujarat, he will also dedicate a four-lane bridge over the Narmada at Bharuch on NH-8. The 1.4-kilometre ‘extradosed’ cable-stayed bridge is reportedly the longest in the country. 
iii. The Prime Minister will also lay the foundation stone of Bharuch Bus Port.

Cabinet approval to MoU on energy efficiency between India-UAE

i. The Union Cabinet, chaired by Prime Minister Narendra Modi, gave ex-post facto approval to the MoU between India’s National Productivity Council (NPC) and UAE’s Al Etihad Energy Services for various services in the field of energy management and conservation.
ii. Under the MoU, the NPC, an autonomous body of the Commerce and Industry Ministry’s Department of Industrial Policy and Promotion will provide energy assessment services, training and certification of energy auditors and demand side management.

Cabinet approves MoU with UN Women

i. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the signing of an agreement between India and UN Women to strengthen gender equality in governance institutions.
ii. The MoU between India and the United Nations Entity of Gender Equality and the Empowerment of Women (UN Women) seeks to provide technical support to the Ministry of Panchayati Raj to improve the opportunities for gender equality through legislation, policies and programs in ministry’s institutions.
iii. Activities under this MoU will be implemented at the district and sub-district level in six states – Andhra Pradesh, Telangana, Odisha, Karnataka, Rajasthan and Madhya Pradesh.

Cabinet approves India-Portugal MoU on renewable energy

i. The Indian cabinet gave post facto approval to the memorandum of understanding (MoU) on renewable energy between India and Portugal.

ii. The MoU was signed on January 6, 2017. The MoU aims to promote bilateral technical cooperation on new and renewable issues. 
iii. The MoU envisages constitution of a Joint Working Group which can co-opt other members from Scientific Institutions, Research Centres and Universities.

Ola signs MoU with Government of Madhya Pradesh

i. Taxi aggregator Ola has signed a Memorandum of Understanding (MoU) with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development.
ii. In line with Prime Minister Narendra Modi’s Skill India initiative, the MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years.The aim of MoU is nurturing micro-entrepreneurship and skilling 50 lakh drivers by 2020.

National Conference on Jal Kranti Abhiyan to be held

i. Water Resources Minister Uma Bharti will inaugurate a national conference on Jal Kranti Abhiyan in New Delhi .
 ii. About 700 participants representing various stakeholder groups such as farmers, panchayat members, NGOs and students will attend the day-long conference.
iii. Ministry of Water Resources and River Development had launched Jal Kranti Abhiyan on June, 2015 to consolidate water conservation and management in the country through a holistic and integrated approach involving all stakeholders. 

Indo-Oman joint military exercise ‘Al-Nagah-II’ begins

i. In an effort to build bilateral military-to-military relations and skills, a 14-day joint defense exercise ‘Al-Nagah-II’ between the armies of India and Oman begun in Himachal Pradesh.’
ii. Indo-Oman Joint Army Exercise- AL NAGAH-II 2017′ was started on 6th march and will end on 19th March in the Dhauladhar Ranges at Bakloh in Himachal Pradesh.

Tribal festival ‘Bhagoria’ begins in MP

i. Bhagoria Festival, also known as Bhagoria Haat Festival, celebrated by the tribal people of the Indian state Madhya Pradesh begun on March 6, 2017 in Jhabua district.
ii. The festival which has been organized at 34 places in the state is celebrated in the month of March before the Holi Festival by the local tribes called Bhils and Bhilalas. 
iii. The week-long festival is organized at different Bhagoria haats (local markets) in the form of Svayamvara or Marriage Ceremony located in Jhabua, Alirajpur, Dhar, Khargone and Barwani districts in western Madhya Pradesh.

Finance Minister gives in-principle nod to ESOPs by PSU banks

i. The Union Finance Ministry has given its in-principle nod to allow Public Sector Banks (PSUs) to offer stock options to their employees from 2017-18.
ii. However, the Employee Stock Option Plans (ESOPs) can only be given by those banks which have earned a substantial profit as well as made a remarkable improvement in managing NPAs. 

iii. The proposal of ESOP by the Banks Board Bureau (BBB) will help to motivate employees to work towards strengthening the financial status of their banks and hence increase its share value.

HDFC Bank launched chatbot Eva for customer services

i. Mumbai-headquartered HDFC Bank has launched India’s first artificial intelligence based banking chatbot Electronic Virtual Assistant (EVA) for customer services .
ii. Eva is India’s first AI-based banking chatbot and can answer millions of customer queries across multiple channels instantly. It can assimilate knowledge from thousands of sources and provide answers in simple language in less than 0.4 seconds.

Canara Bank bags medals at PR Council’s communication conclave

i. Public sector Canara Bank has won a number of medals in the Collateral Awards Category at the 11th Global Communication Conclave held in Bengaluru by the Public Relations Council of India (PRCI).
ii. The bank won a gold medal for a radio jingle and silver medals for Corporate Film and Brochure (CSR). 
iii. It won bronze medals for its in-house magazine (regional language), corporate advertisement – print, table calendar – 2017 and Big Diary 2017.

M P Veerendra Kumar presented Moortidevi award

i. Eminent Malayalam author and journalist M P Veerendra Kumar presented the 30th Moortidevi award by Bharatiya Jnanpith organization.

ii. Mr. Kumar was chosen for the prestigious award for his Malayalam travelogue ‘Hymavathabhoovil‘, which dwells upon ancient trails of Indian culture, myth, literature, and people strewn in the plains, valleys, and mountains of India.
iii. The award was presented by Jnanpith laureate M T Vasudevan Nair at a function at the Tagore Centenary, Calicut, Kerala.

Dr K Srinath Reddy appointed as adviser to the Odisha Govt

i. Chief Minister Naveen Patnaik announced appointment of Prof Dr K Srinath Reddy as the adviser to the Odisha government.

ii. Prof Dr K Srinath Reddy will advise the state government on proper implementation and smooth delivery of the ongoing health service programs so as to better the indicators. 
iii. Reddy, a Padma Bhushan awardee, was the former head of the Department of Cardiology at the All India Institute of Medical Sciences (AIIMS), New Delhi.

Govt nod for strategic sale of 3 SAIL plants

i. The Central government has approved outright sale of state-owned SAIL’s three special steel units – Alloy Steels Plant (ASP), Salem Steel Plant (SSP) and Visvesvaraya Iron and Steel Plant (VISP).
ii. ASP is located at Durgapur in West Bengal spread over around 467.22 hectares. 
iii. SSP in Tamil Nadu can produce stainless steel in the form of coils and sheets with an installed capacity of 70,000 tonnes a year.
iv. VISP is located in Bhadravati, Karnataka has an installed capacity of 2.16 lakh tonnes of hot metal and 98,280 tonnes of alloy and special steels.

 Vaikom Vijayalakshmi becomes first to play Gayathri veena for record five hours

i. Kerala’s playback singer Vaikom Vijayalakshmi created a new world record by playing the maximum number of songs in the shortest time (5 hrs) on Gayathri veena during a program in Kochi.
ii. She played a total of 69 songs including various classical and filmy songs on the Gayathri veena became the first person to achieve the feat in the world.

Rabi Ray, former Lok Sabha Speaker, passes away

i. Eminent socialist leader, former Union Minister and former Speaker of Lok Sabha Rabi Ray passed away after a prolonged illness. He was 91.
ii. He was first elected to the Lok Sabha in 1967, from the Puri parliamentary constituency, and was the leader of the Samyukta Socialist Party in the Lok Sabha. 

2017-Mexico Open

i. Unseeded American Sam Querrey has won the ATP Mexico Open hardcourt tennis tournament.In the final at Acapulco in Mexico, Querrey stunned second-seeded Rafael Nadal in straight sets 6-3, 7-6

ii. Men’s singles: Sam Querrey (United States) defeats Rafael Nadal (Spain)

iii. Women’s singles: Lesia Tsurenko (Ukraine) defeats Kristina Mladenovic (France)

iv. Men’s Doubles: Jamie Murray (Brazil) /  Bruno Soares (United Kingdom) defeats John Isner (Spain) /  Feliciano López (United States)

v. Women’s Doubles: Darija Jurak (Croatia) / Anastasia Rodionova (Australia)  defeats Verónica Cepede Royg (Paraguay) / Mariana Duque Mariño (Colombia)


OPPO wins Indian cricket team sponsorship rights for five years

i. The Board of Control for Cricket in India (BCCI) has announced that mobile manufacturing company Oppo Mobiles India Private Limited will be the new team sponsor of the Indian cricket team from April 1, 2017 for a period of five years.
ii. It has replaced Star India.

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