Daily GK Current Affairs – 4th & 5th May 2017

Daily GK Current Affairs - 4th & 5th May 2017

Following are the Current Affairs for 4th & 5th May 2017:

Below you will find Daily current affairs for 4th & 5th May 2017 divided into various categories.

National/Environment

1. Swachh Survekshan Survey: Indore cleanest city, Gonda dirtiest

  • Swachh Survekshan 2017 - Cleanest CitiesIndians have voted Indore in Madhya Pradesh as the cleanest city in the country, while Gonda in Uttar Pradesh has been found to be the dirtiest. Bhopal, also in MP, occupies the second best spot among 434 cities, followed by Visakhapatnam in Andhra Pradesh and Surat in Gujarat.
  • Gujarat, with 12 cities in the top 50, has the best score among the states, and Uttar Pradesh, which accounts for half of the 50 dirtiest cities, is at the bottom of the list.
  • Faridabad in Haryana, which improved its rank from 379 in 2014 to 88 this year, has been recognised as the “Fastest Mover” among cities with a population of above one million each.
  • The Urban Development Ministry had commissioned the survey for 434 cities and towns with a population of 1 lakh and above in January and February this year. The survey aims at capturing the outcomes of ongoing efforts to stop open defecation in urban areas and to improve the door-to-door collection, processing and disposal of Municipal Solid Waste.
  • In a total score of 2,000, 900 marks were assigned for a city’s performance in ending open defecation and on solid waste management, 600 marks for citizen feedback and 500 marks for independent observations.

2. Cabinet approves New Central Sector Scheme – SAMPADA

  • SAMPADA Scheme InfographicThe Cabinet Committee on Economic Affairs has given its approval for restructuring the schemes of the Ministry of Food Processing Industries (MoFPI) under new Central Sector Scheme – SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing Clusters) for the period 2016-20 coterminous with the 14th Finance Commission cycle.
  • SAMPADA with an allocation of Rs. 6,000 crore is expected to leverage the investment of Rs. 31,400 crore. It will benefit 20 lakh farmers and generate 5,30,500 direct/indirect employment in the country by the year 2019-20.
  • The objective of SAMPADA is to supplement agriculture, modernize processing and decrease agri-waste. The SAMPADA is a comprehensive package to give a renewed thrust to the food processing sector in the country.

3. India to get world’s highest railway bridge across Chenab river in J&K

  • Railway Bridge ChenabAround two years from now, the Chenab river in Jammu and Kashmir will be spanned by the world’s highest railway bridge that is expected to be 35 metres taller than Paris’ Eiffel Tower. The massive arch-shaped structure, being constructed at a cost of around Rs. 1,100 crores, will rise 359 m above the river bed.
  • Designed to withstand wind speeds of up to 260 km per hour, the 1.315-km- long “engineering marvel” will connect Bakkal (Katra) and Kauri (Srinagar). The bridge forms a crucial link in the 111-km stretch between Katra and Banihal, which is part of the Udhampur-Srinagar-Baramulla rail link project.
  • The bridge will be made of 63-mm thick special blast-proof steel as the region is prone to frequent terror attacks. Its concrete pillars will be designed to withstand explosions. Slated to be completed by 2019, it is expected to become one of the India’s major tourist attraction.

4. MoAs signed for first wind auction Scheme; Another wind auction Scheme for 1000 MW announced

  • Wind Turbine Green EnergyThe Memorandum of Agreements (MoAs) for purchase of 1000 MW wind power under MNRE’s first wind auction Scheme were signed between PTC India, the trading company, and Discoms of Uttar Pradesh, Bihar, Jharkhand, Delhi, Odisha and Assam. As per MoAs the Discoms of UP to buy 449.9 MW, Bihar-200 MW, Jharkhand-200 MW, Delhi-100 MW, Assam-50 MW and Odisha-50MW of wind power for meeting their non-solar RPO (Renewable Purchase Obligations).
  • The Letter of Award (LoA) to the successful wind power developers under the first wind auction scheme have been issued by Solar Energy Corporation of India (SECI) on 5 April 2017 and the projects are to be commissioned within 18 months from the date of issue of LoA. This was the first time such auction process was done in the country for wind power through e-reverse auction and its success can be seen from the record low tariffs of Rs. 3.46 per kWh.
  • With the success of first wind auction scheme, MNRE launched a scheme for another round of wind auction for 1000 MW capacity wind power projects. It is open for all obligated entities purchasing wind power for compliance of their non-solar RPO. The differentiation between windy and non-windy States has been done away with. The SECI will sign Power Purchase Agreements with selected wind developers and back-to-back Power Sale Agreements with buying utilities.

Business & Economy

5. The Insolvency and Bankruptcy Board of India (IBBI) constitutes Technical Committee

  • Dr. R.B. BarmanThe Insolvency and Bankruptcy Board of India (IBBI) has constituted a Technical Committee to lay down Technical Standards for the performance of core services.
  • Dr. R. B. Barman (Chairman, National Statistical Commission) will be the chairperson of this 4 member committee.
  • The Committee shall give its recommendation for laying down Technical Standards for the performance of core services and other services under Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

6. Andhra Pradesh’s Banganapalle mango gets GI tag

  • Banganapalle MangoesThe succulent Banganapalle mango has got a GI tag, making Andhra Pradesh the proprietor of the variety known for its sweetness. A GI tag indicates that the product comes from a specific region.
  • The Registrar of Geographical Indications Registry, Chennai, O P Gupta has accorded the registration following an application from Andhra Pradesh Horticulture Commissioner. The Andhra Pradesh government is the registered proprietor of the GI tag for mangoes, often hailed as “the king of fruits”.
  • Geographical Indication (GI) tag is covered under the Intellectual Property Rights and the Trade Related Aspects of Intellectual Property Rights. A GI tag certifies the origin of a product or produce from a particular region as the quality or other features of the product is attributable only to the place of its origin. The tag helps farmers or manufacturers as the case may be to get a better price in the market.

7. Kerala to set up SPV to take up import of raw cashew

  • Raw Cashew NutsThe Kerala cabinet has accorded in-principle nod for formation of a special purpose vehicle to take up import of raw cashew and its distribution to processing companies in the public/private sectors.
  • In doing so, the cabinet extended its approval to recommendations made by a high-level committee that featured representatives from the Reserve Bank, commercial banks and the state government. The committee had advised that the state government float the new company and make banks, the Cashew Promotion Council, the State Trading Corporation along with itself the main shareholders.
  • The decision has been taken in the light of a crisis in the cashew sector due to sustained lack of raw cashew. The sector provides the only livelihood option to three lakh women and their families. Cashew processors in the state need supplies of at least six lakh tonnes to fully engage their factories. Domestic production of raw cashew amounts to no more than 80,000 tonnes.

Technology

8. All set for South Asian Satellite launch today

  • GSAT-9 South Asian SatellitePreparations for the launch of GSAT-9, the South Asia Communication Satellite that will boost connectivity among nations in the region is going on smoothly.
  • The Geostationary Communication Satellite built by the Indian Space Research Organisation (ISRO) will blast off from the Satish Dhawan Space Centre in Sriharikota. Seven of the eight SAARC countries are part of the project as Pakistan decided to opt out stating “it has its own space programme”.
  • The satellite will be launched on board the space agency’s rocket GSLV-F09. Costing around Rs. 235 crore, the satellite would serve the neighbouring countries through 12 Ku band transponders carried by it and has a mission life of 12 years. The satellite is meant for providing communication and disaster support, connectivity among the countries of South Asia region.

9. Facebook starts Express Wi-Fi services in India

  • Facebook LogoAfter remaining in beta testing phase for nearly 18 months, Facebook on Thursday officially announced its Express Wi-Fi internet services in India, which are already available at 700 hotspots across Uttarakhand, Gujarat, Rajasthan and Meghalaya.
  • Facebook has partnered with 500 local entrepreneurs who will sell these services through vouchers that are priced ranging ₹10-20 for a day or ₹200-300 for a month.
  • Unlike Facebook’s previous attempt at connecting people to the internet through the Free Basics initiative that gave consumers access to select apps and portals, the Express Wi-Fi offers internet at upwards of 10 Mbps speeds without any per day limit or restrictions on accessing any part of the internet. Express Wi-Fi will not even require a user to have or set up a Facebook account, the company said.

Banking

10. Japan’s JCB credit cards to be accepted at ATMs in India

  • JCB Sample Credit CardIndia-Japan economic relationship reached a new milestone on Thursday with the public launch of Tokyo-based JCB credit cards’ acceptance in NPCI’s network in India.
  • With this development, visitors from Japan can now use their JCB cards across ATMs and PoS terminals in India. Every year, nearly two lakh visitors come to India from Japan.
  • JCB, which is regarded as one of the five big global payment brands, is a leading credit card issuer and acquirer in Japan. The National Payments Corporation of India (NPCI) is an umbrella institution for all retail payments systems in the country.

 

4th & 5th May 2017 Current Affairs & GK Quiz:

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