Daily GK Update 06th February, 2017

Daily GK Update 06th February, 2017

Health Ministry launches Measles Rubella vaccination campaign

i. Health Ministry launched Measles Rubella vaccination campaign in the country at a function in Bengaluru.

ii. The campaign against these two diseases Measles and Rubella will start from Karnataka, Tamil Nadu, Puducherry, Goa and Lakshadweep, covering nearly 3.6 crore children.

iii. Minister of State for Health and Family Welfare, Faggan Singh Kulaste launched this initiative at a function in Bengaluru, Speaking on the occasion, Mr Kulaste stated that the centre is committed to eradicating Measles and Rubella from the country. 

Vijay Goel lays foundation stone of 1st centre of excellence for differently abled sportsmen

i. The Union Minister for Sports Vijay Goel laid the foundation stone of the country's first centre of excellence for differently abled sportsmen at Gandhinagar, Gujarat.

ii. The centre is proposed with an estimate of 50 crores rupees and will provide World class facilities such as indoor halls, dedicated tracks and 100 bedded hostel where para athletes will be trained for various internationalcompetitions including Paralympics.

iii. The Minister also inaugurated a sports training centre at Sports Authority of India campus in Gandhinagar. Around 50 differently abled sportspersons between age group 8-12 will be imparted training in Athletics, Swimming and power lifting at the training centre.

Sasikala Natarajan to take over as Tamil Nadu's next CM

i.AIADMK chief Sasikala Natarajan will take over as the next Chief Minister of Tamil Nadu from O Panneerselvam, the party announced. 

ii. The AIADMK MLAs also elected Sasikala Natarajan as the Legislative party leader. Notably, the party said in a tweet that current Chief Minister Panneerselvam had himself proposed Sasikala's name as the leader of AIADMK Legislature Party.

Nagaland cabinet to submit memorandum to PM to exempt it from Part IX A of Constitution

i. Nagaland cabinet has decided to submit a memorandum to the Prime Minister to issue an ordinance to exempt the state from the provision of Part IX A of the Constitution which deals with the municipalities. 

ii. According to a communique issued by the media cell of Chief Minister's Office, the decision was taken in an emergency meeting of the state Cabinet, was attended by special invitees comprising legislators from all tribes. 

Sarbananda Sonowal launches CMSGUY in Guwahati

i. In a move to bring about paradigm shift towards holistic development of villages, Assam Chief Minister Sarbananda Sonowal launched the Chief Minister Samagra Gramya Unnayan Yojana, CMSGUY in Guwahati this evening. 

ii. This scheme is a mega mission with a financial outlay of 30,000 crore rupees and it will be implemented in all the villages of the state. It will culminate in 2021-22. 

Corp Bank pact with Religare

i. Corporation Bank has signed an agreement with Religare Health Insurance Co Ltd to market its products and services through the distribution network of the bank across India. A press release said that Corporation Bank holds around 5 per cent stake in Religare Health Insurance. 

ii. The Executive Directors of the bank Sunil Mehta and Gopal Murli Bhagat, and Managing Director & CEO of Religare Health Anuj Gulati were present at an event to sign the agreement in Mangaluru

Telangana launches India's first social innovation hub in Nizamabad

i. The Telangana government has launched India's first social innovation centre The ‘Kakatiya Hub For Social Innovation’ in Nizamabad, Telangana.

ii. Telangana IT Secretary Jayesh Ranjan made this announcement at the one-day Development Dialogue, an international social entrepreneurship ecosystem conference hosted by Kakatiya Sandbox.

iii. Jayesh Ranjan said the ‘Kakatiya Hub For Social Innovation’ funded by the Telangana government and implemented through Kakatiya Sandbox will function like a rural incubator to encourage entrepreneurship at the grassroots level.

2% reservation to sports persons in govt jobs: CM Raghubar Das

i. Jharkhand Chief Minister Raghubar Das stated that state will give two per cent reservation to sports persons in government jobs and nutritious food to them. 

ii. He said efforts were also being taken to give nutritious food to the sports persons, an official release in Ranchi.

Bureau of Civil Aviation Security suspends IndiGo's security training centre licence

i. Bureau of Civil Aviation Security, BCAS has suspended the licence of budget carrier IndiGo's aviation security training facility.

ii. The regulatory authority took the decision after several lapses were detected in the examination procedure that it was following. PTI quoting sources stated, the orders issued by the apex aviation security agency BCAS the Gurgaon-based airline from conducting security training programme for its employees any further.

iii. The training academy is run by IndiGo's parent company, InterGlobe Aviation. 

Uber launches taxi hiring service UberHIRE

i. Global taxi-hailing platform Uber announced it has launched a new category UberHIRE that allows customers to hire a taxi for the day, to cover several destinations, and is targetting senior citizens, business travellers and tourists.

ii. Currently, UberHIRE works only on cash payments.After a pilot run in Kochi,UberHIRE will go live in New Delhi, Bangalore, Chennai, Mumbai, Pune, Ahmedabad, Vizag and Nagpur, with more cities slated for launch in the weeks to come, it added.

CESC wins Bikaner power distribution franchise

i. CESC Ltd, a part of the Rs. 19,000-crore RP-Sanjiv Goenka Group, has received a letter of intent for appointment as a power distribution franchisee to supply electricity in Bikaner, Rajasthan.

ii. This is the group’s third distribution operation in Rajasthan, the other two being in Kota and Bharatpur

World’s longest flight lands in New Zealand

i. The world’s longest commercial flight landed in New Zealand on 6 February 2017 with the arrival of Qatar Airways’s 14,535km (9,032-mile) Doha-Auckland service.

ii. The long-range Boeing 777-200LR crossed 10 time zones on its marathon flight. 

iii. There were four pilots on board as well as 15 cabin crew who served 1,100 cups of tea and coffee, 2,000 cold drinks and 1,036 meals during the flight.

Renowned Urdu author Bano Qudsia passes away

Renowned Pakistani Urdu novelist and playwright Bano Qudsia has passed away here. She was 88. She was awarded Sitara-i-Imtiaz in 2003 and Hilal-i-Imtiaz in 2010. 

India to host FIBA Women's Asia Cup basketball tournament

i. India to host FIBA Women's Asia Cup basketball tournament at Bengaluru in July, 2017. Basketball Federation of India (BFI) President KGovindaraj stated that continental flagship tournament for women will be hled from July 23 to 29, 2017.

ii. India has also been given another continental level tournament-the FIBA U-16 Women's Asian Championship - which will be held from October 22 to 28, 2017 in Hyderabad.

iii. This will be the first time since 2009 that India will host a major FIBA (International Basketball Federation) event.

Virat Kohli features in latest cover star of Wisden Cricketers' Almanack

i. Indian skipper Virat Kohli, who led his side to victory against England in all three formats of the game recently, has featured in the latest cover star of the bible of cricket - Wisden Cricketers' Almanack. 

ii. Kohli becomes only the third Asian origin player after Tendulkar and England all-rounder Moeen Ali to be featured on the cover of the magazine.

Daily GK Update 05th February, 2017

Daily GK Update 05th February, 2017

Govt forms panel to improve Haj policy, look into subsidy issue

i. The Centre has formed a six-member committee to give a report on ways to improve India's Haj policy and also look into the issue of subsidy to the pilgrimage in light of 2012 Supreme Court order on gradually reducing and abolishing it by 2022. 

ii. Former Consulate General of India (CGI), Jeddah, Afzal Amanullah has been appointed as convener of the high-level panel, Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi told reporters in New Delhi that the committee will submit its report in a month or two on how India's Haj policy can be improved and how the pilgrims can get maximum concessions.

‘President Pranab’ to bloom at Delhi’s Mughal Gardens by March first week

i. As the Mughal Gardens at Rashtrapati Bhavan has reopened on 05th February 2017, visitors will for the first time see roses named after the Indian President and his wife, growing next to ‘ Abraham Lincoln’, ‘Christian Dior’ and ‘Queen Elizabeth’ . ‘President Pranab’, a crossbred variety of rose which was planted last month along with another variety of rose named ‘Suvra Mukherjee’, will blossom in spring. The President’s wife passed away in August 2015.

ii. The entire complex comprising spiritual garden, herbal garden, bonsai garden and musical garden will remain open from February 5-March 12 (except on Mondays which are maintenance days) between 9.30am to 4.00pm.

BCCI opposes ICC's proposals on financial model, governance structure

i. Despite the change of guard at the Board of Control for Cricket in India (BCCI), the Indian board continued to oppose the International Cricket Council's (ICC) new changes to the financial model and governance structure on 04th February 2017.

ii. The changes that the BCCI, represented by Vikram Limaye, a member of the new Committee of Administrators, is currently opposing are amongst the same changes that were recommended in 2014 with respect to a larger share of ICC's revenue to be given to India. 

Startup acquires Google's satellite imaging business

i. American startup Planet Labs, that launches small satellites into orbit and sells the imagery, has announced its acquisition of Google's 'Terra Bella' satellite business. As part of the agreement, 60 Google employees will join the startup founded by ex-NASA scientists. Terra Bella, formerly Skybox, was acquired by Google in 2014 for $500 million.

Alastair Cook awarded Order of the British Empire

i. England Test captain AlastairCook has been honoured with Commander of the Most Excellent Order of the British Empire (CBE). He was awarded the CBE at the Buckingham Palace by Prince Charles. 

ii. Cook is the only England player to have scored over 10,000 runs in Tests and has also led England in the most number of Tests. Cook said, receiving the CBE was a very proud moment for him, his family and friends.

Alibaba-made app helps find 611 missing Chinese children

i. A mobile app developed by Alibaba helped Chinese authorities recover 611 missing children last year. The 'Tuanyuan' app, which means 'reunion' in Chinese, sends push notifications with photos and descriptions to users who are close to the location of a child's disappearance. The notifications are sent to users farther from the location of the disappearance till the child is found.

Arun Kumar succeeds Richard Rekhy as KPMG India chairman

i. KPMG India board has elected Arun M Kumar as chairman and CEO to lead the India operations of the consulting and accounting major. He succeeds Richard Rekhy, who stepped down in November last year following a large-scale exodus of key people from the advisory team.

ii. Earlier in January 2016, Rekhy had been re-elected for a four-year term. Kumar, who spent the majority of his career with KPMG in the US, will take charge from 05th February 2017 for a five-year term.

Daily GK Update 04th February, 2017

 Daily GK Update 04th February, 2017

04th February: The World Cancer Day 2017

i. A truly global event taking place every year on 4 February, World Cancer Day unites the world’s population in the fight against cancer. Taking place under the tagline ‘We can. I can.’, World Cancer Day 2016-2018 will explore how everyone – as a collective or as individuals – can do their part to reduce the global burden of cancer.

ii. It aims to save millions of preventable deaths each year by raising awareness and education about the disease, pressing governments and individuals across the world to take action. 

HDFC Bank increases cash transaction fees on savings a/cs

i. In a bid to discourage cash transactions, the country’s second-largest private sector lender HDFC Bank has decided to steeply increase the fees for savings account holders on a slew of activities involving cash. HDFC Bank has decided to steeply raise the charges on certain transactions, capping cash component in others and also introducing charges on certain transactions from 01st March 2017.

ii. The bank has capped the third-party transactions at Rs. 25,000 a day, reduced the number of free cash transactions at branches to four from five earlier and also raised the fee for non-free transactions by a steep 50 per cent to Rs.150.

Earlier, it used to allow Rs. 50,000 cash transactions, both withdrawals and deposits per day, the official said, adding the review is only for salary and savings accounts.

Rail Museum celebrates 40th anniversary

i. The National Rail Museum in New Delhi celebrated its 40th anniversary on 01st February 2017. The museum, which houses a large collection of life-size rail exhibits, allows visitors to take a tour on a toy train. Its attractions include the saloons of the Maharajas of Indore and Mysore and Fairy Queen, the oldest working steam locomotive still in operation.

Former CBI chief Joginder Singh passes away

i. Former CBI chief Joginder Singh, who oversaw investigation of several high-profile cases including Bofors scam and Bihar's fodder scam, has passed away at aged 77 years.

ii. Family sources said he breathed his last on 04th February 2017 after the prolonged illness.The 1961 batch IPS officer of Karnataka cadre was chosen to head the premier investigative agency when H D Deve Gowda was the Prime Minister.

IDFC MD Vikram Limaye the new CEO, MD of NSE

i. Leading stock exchange National Stock Exchange (NSE) on 03rd February 2017 has selected IDFC chief Vikram Limaye as its new CEO and Managing Director, two months after the sudden exit of Chitra Ramkrishna from the top post.

ii. NSE's board approved Limaye's name for the top position but a formal announcement would be made later as some formalities need to be completed from his side. The approval of the board, chaired by Ashok Chawla, comes after a four-member search panel suggested Limaye's name from amongst the shortlisted candidates.

Pankaj Advani pockets the National Snooker Championship title

i. Champion cueist Pankaj Advani has won the Indian National Snooker Championship with a 6-0 win over Pandurangaiah of Railways in a one-sided final on 03rd February 2017.

ii. Apart from clinching his 29th national title overall, Advani broke several other records. He became the only Indian men’s cueist to be the holder of all national billiards and snooker titles at the same time – Billiards, 6-red Snooker and 15-red Snooker. After marching into the finals of the snooker nationals with a 5-2 victory over Sundeep Gulati of New Delhi, Advani put on a flawless show of precision in the summit clash, leaving the spectators at the PYC Hindu Gymkhana mesmerised.

UIDAI clamps down on 50 fraud sites offering Aadhaar services

i. In a massive crackdown on unauthorised agencies offering Aadhaar-related services illegally and charging excessive money from the public, UIDAI has got shut down 12 such websites and 12 mobile apps available on the Google Playstore.

ii. The Unique Identification Authority of India (UIDAI) has further directed authorities for closure of another 26 such fraudulent and illegal websites and mobile applications. “Some websites and mobile apps were luring citizens to share their basic information and Aadhaar number under the pretext of getting them Aadhaar card or offering other Aadhaar related services. We have taken strict action against them,” UIDAI CEO Ajay Bhushan Pandey told.

Daily GK Update 03rd February, 2017

Daily GK Update 03rd February, 2017

Rs 10,000 penalty for late filing of income tax returns

i. As with the presentation of the Union Budget 2017, Finance Minister Arun Jaitley has made it easier for the small tax-payers, the budget has however proposed a fee for delayed filing of income tax return. If the income tax return is furnished after the due date but on or before the December 31 of the assessment year, there will be a fine of Rs 5,000 imposed. In other cases, there will be an imposition of a fine of Rs 10,000.

ii. However, in a case where the total income does not exceed Rs 5 lakh, the Budget proposed that the fee amount shall not exceed Rs 1,000.

Sanjeev Sanyal appointed Principal Economic Adviser

i. Sanjeev Sanyal, former global strategist and Managing Director of Deutshe Bank, was today appointed as Principal Economic Adviser. The Appointments Committee of Cabinet has approved Sanyal’s appointment for three years on contract basis, an order issued by Personnel Minister said. Sanyal will work under the Department of Economic Affairs.

Lakshya Sen becomes World No.1 Junior Badminton player

i. India's Lakshya Sen has become the World No 1 Junior Badminton player. He achieved the distinction in the latest rankings of the Badminton World Federation (BWF). Fifteen-year-old is the first shuttler from Uttarakhand to attain the numero uno spot at the international level. 

ii. Lakshya, who is considered as the shining future star of Indian badminton, moved ahead of Chia Hao Lee of the Chinese Taipei, to attain the top spot. According to BWF current rankings, Lakshya has 16,903 points in eight tournaments he has played in the season. Chia Hao, who is at the second spot, has 16,091 points.

Apple to start manufacturing in India

i. Tech giant Apple has reached an agreement with the Karnataka government to set up a manufacturing plant in Bengaluru, Karnataka. "Apple’s decision on initial manufacturing in Bengaluru has further enhanced the reputation of Bengaluru as the most preferred destination for foreign investment," the Karnataka government said. Apple is reportedly expected to start production for the Indian market in April.

Tata Motors launches TAMO; to unveil first sportscar on March 7

i. As a core element of its transformation journey 'FutuReady', Tata Motors presented on 02nd February 2017 its new Passenger Vehicle strategy and introduced its new sub-brand - TAMO. 

ii. TAMO will act as an incubating centre of innovation towards new technologies, business models and partnerships in order to define future mobility solutions. The first product developed by TAMO will premiere at the upcoming 87th Geneva International Motor Show on March 7, 2017.

GDP growth likely at 7.1% in 2017-18: HSBC

i. India is expected to clock GDP growth of 7.1 per cent in 2017—18 as the country gets sufficiently remonetised and the schemes in the Budget play a supportive role, says an HSBC report.

ii. The uptick in the growth numbers would be largely driven by the remonetisation process, which is expected by April-end, as this in turn would boost the consumption levels in the country. HSBC expect GDP to grow at 7.1 per cent year-on-year in 2017-18, up from 6.3 percent in 2016-17, as the country gets sufficiently remonetised (by April-end), and consumption moves back to pre-demonetisation levels.

Budget 2017-18 allocation to WCD hiked by nearly 26 pc 

i. The Women and Child Development Ministry has received a nearly 26 per cent increase in budget allocation this year with the total money set aside climbing to Rs 22,095 crore from Rs 17,640 crore last year. 

ii. The amount budgeted for 'Indira Gandhi Matritva Sahyog Yojana' saw a four times jump with Rs 2,700 crore being set aside this year as compared to Rs 634 crore in 2016-17. As per this scheme Rs 6,000 will be provided for mothers who seek institutionalised delivery and vaccination. 

Sula Fest begins in Maharashtra

i. The tenth edition of Sula Fest has began on 03rd February at the Sula Vineyards in Nashik, Maharashtra. The line-up for the three-day festival, which will also feature professional wine tastings and grape stomping, includes artists Infected Mushroom and Nucleya. Tickets for Sula Fest, which is offering a camping stay facility, range from RS. 1500 to Rs. 4900.

India recorded highest domestic air passenger growth in 2016

i. Emerging as a stand-out performer, India witnessed the highest growth of 23.3 per cent in domestic air travel demand worldwide in 2016 twice that of neighbouring China, according to International Air Transport Association (IATA).

ii. The global airlines’ grouping has stated that domestic India market topped the growth chart for the second year in a row with passenger volumes surging twice as that of China. “Domestic air travel rose 5.7 per cent in 2016. Capacity rose 5.1 per cent and load factor was 82.2 per cent, up 0.5 percentage points over 2015.

Survival of India-Pakistan Indus water treaty appears ‘weak’: UN report

i. The 40-year-old Indus Waters Treaty between India and Pakistan has been an outstanding example of conflict resolution but scarcity of water in the basin states since the early 1990s has brought the agreement under strain and its “survival appears weak”, according to a UN report. “The treaty fails to address two issues: the division of shortages in dry years between India and Pakistan, when flows are almost half as compared to wet years, and the cumulative impact of storages on the flows of the River Chenab into Pakistan,” said the UNDP report titled ‘Development Advocate Pakistan’.

ii. Wular Barrage and Kishenganga project on the Jhelum and Neelum rivers present a similar problem whereby water storage during the Rabi season is critical as flows are almost one-fifth of the Kharif season, according the report, which was released on 01st February 2017.

World's most expensive saree was sold for Rs 40 lakh

i. The most expensive silk saree was made by Chennai Silks and was sold for around Rs.40 lakh in January 2008, according to Guinness World Records. The saree featured reproductions of 11 paintings by Indian artist Raja Ravi Varma and took about 4,760 man-hours to produce. The saree, studded with gold, diamond, emerald, and other precious stones, weighed around 8 kilograms. 

Sports Ministry budget hiked by Rs 350 crore

i.The Sports Ministry budget got a substantial hike of Rs 350 crore in the union budget for 2017-18, presented by Finance Minister Arun Jaitley in the Parliament. Jaitley allocated a total of Rs 1943 crore, compared to Rs 1592 crore earmarked last year.

ii. The steep increase in the budgetary allocation comes at a time when Indian athletes are preparing for the Commonwealth Games and Asian Games in 2018. The hike also comes in the wake of India’s dismal showing at the Rio Olympics where it won just two medals – a silver and bronze.

Read more: http://www.bankersadda.com/2017/02/current-affairs-daily-gk-update-03rd.html#ixzz4XmfhDIHR

Daily GK Update 02nd February , 2017

Daily GK Update 02nd February , 2017

Govt to launch TIES to fund export infrastructure

i. A new scheme will be introduced by Govt of India to create infrastructure for exports, a move aimed at reducing transaction costs for traders. A new and restructured central scheme with a focus on export infrastructure namely Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18.

ii. Indian exporters face huge challenges in terms of infrastructure, particularly in states.Inadequate infrastructure pushes their transactions costs, impacting competitiveness of Indian goods in the global markets.Exporters body Federation of Indian Export Organisations (FIEO) said the scheme will help create modern infrastructure like last mile connectivity to ports, testing labs and certification centres.

Agri credit raised to record Rs 10 lakh crore in Financial Year 2018

i. Finance Minister Arun Jaitley announced a whopping Rs 1 lakh crore hike in the credit target for the next financial year to Rs 10 lakh crore as part of the government's efforts to double farm incomes in the next five years.

ii. The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore, Jaitley stated in his Budget speech.The government provides short-term crop loans up to Rs 3 lakh at subsidised interest rate of 7% per annum.

 iii. An additional incentive of 3% is provided to farmers for prompt repayment of loans within due date, making an effective interest rate for them at 4%. The Finance Minister noted that the agriculture sector is expected to grow at 4.1% during the current financial year on good monsoon. Sowing of both kharif and rabi crops has been higher.

 iv. Jaitley said the allocation for new crop insurance scheme 'Pradhan Mantri Fasal Bima Yojana', which was launched in 2016, has been increased to Rs 13,240 crore this financial year from budgeted Rs 5,500 crore. The allocation for the next financial year has been earmarked at Rs 9,000 crore.

Govt to set up dairy development fund with corpus of Rs 8,000 cr

i.To augment income of farmers budget has proposed setting-up of a Dairy Processing and Infrastructure Development Fund with a corpus of Rs 8,000 crores over three years. 

ii.Dairy is an important source of additional income for the farmers. A Dairy Processing and Infrastructure Development Fund would be set-up in NABARD with a corpus of Rs 8,000 crores over 3 years stated Finance Minister Arun Jaitley during his budget speech, 2017.

Rs. 10,000 cr allocated for PSB recapitalisation

i.The Union Budget has allocated Rs. 10,000 crore towards recapitalisation of public sector banks in FY2017-18. 

ii.Under Indradhanush roadmap announced in 2015, the government stated to infuse Rs. 70,000 crore in state banks over four years while they will have to raise a further Rs. 1.1 lakh crore from the markets to meet their capital requirement in line with global risk norms, known as Basel III. 

iii.In line with the blueprint, public sector banks has been given Rs. 25,000 crore in each fiscal, 2015-16 and 2016-17. Besides, Rs. 10,000 crore each would be infused in 2017-18 and 2018-19.

Govt proposes Payments Regulatory Board in RBI

i. Finance Minister Arun Jaitley has proposed creation of a six-member Payments Regulatory Board in the RBI, headed by RBI Governor Urjit Patel as part of bringing about structural reforms in the payment eco-system.

 ii. For the purpose, necessary amendments are proposed in the Finance Bill 2017 to create a Payments Regulatory Board in the Reserve Bank of India by replacing the existing Board for Regulation and Supervision of Payment and Settlement Systems.

iii.In his Budget Speech, Jaitley stated a Committee on Digital Payments constituted by Department of Economic Affairs has recommended structural reforms in the payment eco system, including amendments to the Payment and Settlement Systems Act, 2007.

Air India to get Rs. 1,800 cr from govt in 2017-2018

i. National carrier Air India will receive Rs 1,800 crore as equity infusion in 2017-18 under the government’s ongoing financial assistance and the amount is slightly higher than the allocation for 2016-2017. 

ii. The allocation has been made in the Union Budget for 2017-18, which was presented by Finance Minister Arun Jaitley.For 2016-17, the government had allocated Rs 1,713 crore to the airline against a demand of Rs 3,911 crore.The government-owned airline has been allocated Rs 1,800 crore as part of the Rs 30,0231 crore financial bailout package.

Budget 2017 pushes Nifty above 8,700 for 1st time since October 25, 2016

i. Finance Minister Arun Jaitley announced in his Budget 2017 speech with Nifty50 reclaiming its crucial 8,700 mark for the first time since October 25, 2016, while S&P BSE Sensex ended comfortably above its key 28,000 level. 

ii. To the relief of investors, Jaitley made no reference to long-term capital gains tax on equities and also set a comfortable fiscal deficit target of 3.2% for the fiscal year 2017-18. The Sensex closed the day at 28,141 up 486 points while Nifty50 settled at 8,716 up 155 points. 

Arun jaitley unveils education reforms, to set up National Testing Agency

i. Finance Minister Arun Jaitley unleashed measures to revamp the country's education system, including setting up of a National Testing Agency to conduct all entrance examinations for higher education institutions.

ii. Unveiling the budgetary proposals for 2017-18 in Parliament, Jaitley stated that government proposes to establish a National Testing Agency as an autonomous and self-sustained premier testing organisation to conduct all entrance examinations for higher education institutions.

iii.This would free CBSE, AICTE and other premier institutions from these administrative responsibilities so that they can focus more on academics.The government proposes to leverage information technology and launch the SWAYAM platform with at least 350 online courses.

Surajkund International Crafts Mela Kicked off in Faridabad, 20 countries to participate

i. The 31st edition of Surajkund International Crafts Mela started with amid tight security.To be inaugurated by Haryana chief minister Manohar Lal Khattar, the carnival is a 15-day affair in faridabad, Haryana. 

ii. Over 20 countries are participating in the event with Egypt as a partner country this year, 2017 and Jharkhand as the theme state. Every year, one country becomes the partner country ands an Indian state is selected to set the theme of the mela.

British PM Theresa May receives UK Parliament's approval to begin Brexit process

i.UK Prime Minister Theresa May has received Parliament's first stage approval to begin the process of Britain's exit from the European Union (EU) after winning a crucial vote in the House of Commons last night. 

ii. British MPs voted in favour of the European Union (Notification of Withdrawal) Bill.498 MPs voted in favour of Brexit Bill, while 114 voted against it. 

Researchers Discover Oldest Human Ancestor

i. Researchers have discovered microscopic sea animal Saccorhytus, the earliest known ancestor of humans along with a vast range of other species.

ii. The exquisitely well preserved fossilised traces of this 540-million-year-old creature were discovered. 

iii. This balloon-like sea is the earliest known step on the evolutionary path that led to fish and eventually to humans