Weekly Current Affairs 2017 – 12th to 18th February 2017

Weekly Current Affairs 2017 – 12th to 18th February 2017


National News The
centre has approved setting up the Electronic Development Fund with a total corpus of Rs.
6,831 crore to support entrepreneurship and innovation in electronics and IT. (The centre approves setting up the Electronic
Development Fund) The 11th International Aerospace and Defence
Exhibition – Aero India 2017 began at the Air Force Station at Yelahanka in Bengaluru
Karnataka. (Aero India 2017 – The 11th International
Aerospace and Defence Exhibition begins) PSLV-C37 carrying the CARTOSAT-2 series earth
observation satellite and 103 nano-satellites lifted off from Sriharikota. (104 satellites launched from Srikarikota) To avail benefit under the Central Sector
Scholarship Scheme for College and University students, the applicants henceforth must furnish
proof of Aadhaar card or undergo Aadhaar authentication. (Aadhaar cards made compulsory to avail benefit
under the Central Sector Scholarship Scheme) Indian Navy’s INS Sarvekshak has become
the first ship in India to be fitted with solar power system on board. (INS Sarvekshak becomes the first ship in
India to be fitted with solar power system on board) INTERNATIONAL NEWS: The US and Japanese military have successfully
tested the Standard Missile-3 (SM-3) Block IIA missile defence system by intercepting
a medium-range ballistic missile target in space for the first time. (US and Japan successfully test the Standard
Missile-3 (SM-3) Block IIA missile defence system) Thailand is looking forward to co-operate
with India in a number of sectors such as aerospace, automation, medical devices, pharmaceutical,
bio-technology and IT/ITes, as it strives to transform into a value-based economy. (Thailand to co-operate with India in a number
of sectors) The world’s longest elevated cycle path
has been opened in Xiamen, China which can handle about 2,023 cyclists with a speed limit
of 15 miles per hour. (The world’s longest elevated cycle path
opened in Xiamen, China) BANKING BEWS:
The Indradhanush 2.0 programme will be finalised by the Reserve Bank of India (RBI) after completion
of Asset Quality Review (AQR) being undertaken and is likely to be completed by end of March
2017. (The Indradhanush 2.0 programme will be finalised
by the (RBI)) Government has allocated an amount of Rs 500
crore to India Post Payments Bank for the financial year 2017-18 to help it in setting
up 650 branches across country by September 2017. (Govt. allocates Rs 500 crore to India Post
Payments Bank for the financial year 2017-18) Japan’s SoftBank Group Corp has agreed to
buy Fortress Investment Group LLC for about $3.3 billion to add investment expertise as
it prepares to launch the world’s largest private equity fund. (Japan’s SoftBank Group Corp to buy Fortress
Investment Group LLC for about $3.3 billion) HDFC life launched a traditional life insurance
plan ‘Pragati’ for low income group people. The plan has been designed especially to empower
low income families by making the plan available at affordable rate. (HDFC life launches ‘Pragati’ for low income
group people) Citi Bank has launched instant chat services
for customers named Citibank Online (CBOL) on February 16, 2017. India becomes the first country in Asia Pacific
within the Citi network to have this kind of service. (Citi Bank launches instant chat services
for customers named Citibank Online (CBOL)) BUSINESS NEWS:
Tata Motors Ltd and Microsoft India entered into a strategic agreement, Microsoft will
make use of its IoT (internet of things), AI (artificial intelligence) and machine learning
technologies to develop a highly personalized, smart vehicle for the customers. (Tata Motors Ltd and Microsoft India enter
into a strategic agreement) The Union government has increased the Cash
Credit (CC) limit for Micro, Small and Medium Enterprises (MSMEs) to 30% of turnover from
the existing 20% to encourage them to conduct businesses digitally. (The Union government has increased the Cash
Credit (CC) limit for MSMEs to 30%) Ruchi Soya Industries Ltd has signed an agreement
with Baba Ramdev-promoted Patanjali Ayurved Ltd for physical refining and packaging of
edible oils. (Ruchi Soya Industries Ltd has sign an agreement
with Patanjali Ayurved Ltd for refining and packaging of edible oils) AWARDS AND HONORS:
Grammy Awards has included the first-ever transgender ‘trophy girl’. The three trophy handlers at the ceremony
are transgender model Martina Robledo; model and actor Derek Marrocco, and model and actress
Hollin Haley. (Grammy Awards includes the first-ever transgender
‘trophy girl’) ‘La La Land’ grabs five trophies, including
the best film and best actress for Emma Stone, at the British Academy of Film and Television
Arts (BAFTA) awards, which also recognised British-Indian star Dev Patel in the best
supporting actor category for ‘Lion’. (‘La La Land’ grabs five trophies at BAFTA. Dev Patel wins BAFTA for the best actor in
supporting role for ‘Lion’) An Indian-origin Scotland Yard officer Shand
Panesar along with his colleague Craig Nicholson was honoured with the 2017 Outstanding Bravery
of the Year Award in central London during a special award ceremony of the Total Excellence
in Policing Awards. (Shand Panesar and Craig Nicholson honoured
with the 2017 Outstanding Bravery of the Year Award in central London) Lata Mangeshkar has been honoured with the
‘Legendary Award ‘ 2017 by Brand Laureate. The Brand Laureate Awards recognise world-class
achievement in branding amongst individuals and companies. (Lata Mangeshkar honoured with the ‘Legendary
Award ‘ 2017 by Brand Laureate) APPOINTMENTS:
The government recently appointed the first woman, Neelu Rohmetra to head one of the 20
premier B-schools, the IIMs. (Neelu Rohmetra to head one of the 20 premier
B-schools, the IIMs) Sandeep Jajodia has been appointed as the
new president of industry chamber Assocham. (Sandeep Jajodia appointed as the new president
of industry chamber Assocham) SPORTS:
India beat Pakistan by 9-wickets to win T20 Blind World Cup at Bengaluru’s Chinnaswamy
Stadium. (India wins the T20 Blind World Cup against
Pakistan) Indian off-spin specialist Ravichandran Ashwin
became the fastest cricketer to take 250 wickets in Test matches. (Ashwin becomes the fastest cricketer to take
250 wickets in Test matches) PV Sindhu achieved her career best Badminton
World Federation (BWF) women’s single ranking by achieving the 5th place. (P.V. Sindhu ranked 5th in the Badminton World Federation
(BWF) women’s single ranking)

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