Weekly Current Affairs 2017 – 19th to 25th February 2017

Weekly Current Affairs 2017 – 19th to 25th February 2017


National News:
World’s first inter-operable payment acceptance solution, Bharat QR code, has been launched
as part of efforts to move towards less-cash economy (Bharat QR code launched to move towards
less-cash economy) Bharat Interface for Money (BHIM), a mobile
app to make digital payments, has seen over 17 million installs as stated by Amitabh Kant,
CEO of NITI Aayog. (BHIM has seen over 17 million installs) According to a report released by Stockholm
International Peace Research Institute (SIPRI) India emerged as the world’s largest importer
of major arms during 2012–16. As per the report, India accounted for 13% of the global
total sales. (India is world’s largest importer of major arms during 2012–2016) Union Health Secretary C.K. Mishra has launched
“Saathiya Resource Kits” that will provide information on adolescent related issues such
as puberty and mental health etc. (C.K. Mishra launches “Saathiya Resource Kits”) Union Minister of Electronics and IT launched
Cyber Swachhta Kendra in New Delhi for Botnet cleaning and Malware analysis as a part of
digital India initiative. (Union Minister of Electronics and IT launches Cyber Swachhta
Kendra in New Delhi) J & K Chief Minister has declared 2017 as
‘Year of Apple’ to promote the famed Kashmiri apples in domestic and foreign markets. (J
& K Chief Minister has declared 2017 as ‘Year of Apple’ to promote the famed Kashmiri
apples) India and ADB have signed USD 375 million
pact for loans and grants to develop an 800 km Visakhapatnam—Chennai Industrial Corridor,
which is the first phase of a planned 2,500-km East Coast Economic Corridor. (India and ADB
sign a pact for loans and grants to develop an 800 km Visakhapatnam—Chennai Industrial
Corridor) International News: India has sanctioned a loan of 340 million
US dollar to Nepal for various infrastructure development programmes. (India sanctions a
loan of 340 million US dollar to Nepal for various infrastructure development programmes) Russia is said to start initial deliveries
of military helicopters to India in 2018, with assembly and manufacturing to follow
in Asia’s fastest growing economy. India and Russia are said to jointly manufacture 200
of the KA-226T helicopters for the Indian Armed Forces. (India and Russia to jointly
manufacture 200 of the KA-226T helicopters for the Indian Armed Forces) Union Cabinet has approved the signing of
Air Services Agreement (ASA) between India and Greece. (Union Cabinet approves the signing
of Air Services Agreement (ASA) between India and Greece) A zip line connecting Spain and Portugal is
known to be the first cross-border zip line in the world. It is a 720-metre-long zip line
that joins the two countries, allowing people to reach Portugal within a minute. (A zip
line connecting Spain and Portugal to be the first cross-border zip line in the world) India signed an agreement with Japan to enhance
railway safety in the Indian Railways with focus on railway track and rolling stock safety.
(India signs an agreement with Japan to enhance railway safety) Banking News: On the occasion of the 75th Foundation Day,
Oriental Bank of Commerce (OBC) has come up with several digital offerings including the
launch of mobile wallet ‘Oriental Batuaa’. (Oriental Bank of Commerce launches mobile
wallet ‘Oriental Batuaa’) Karnataka Bank Ltd has signed a memorandum
of understanding (MoU) with Daimler India Commercial Vehicles Pvt Ltd (DICV) for extending
finances to customers for the purchase of commercial vehicles manufactured by the company.
(Karnataka Bank Ltd has signs an MoU with DICV for extending finances to customers for
the purchase of commercial vehicles) IRB InvIT Fund, an investment trust sponsored
by IRB Infrastructure Developers, has received SEBI’s approval to raise Rs. 4,300 crore
through initial public offering. (IRB InvIT Fund receives SEBI’s approval to raise Rs.
4,300 crore through initial public offering) State Bank of India (SBI) has rebranded its
corporate website as “bank.sbi” from the earlier sbi.co.in. Bank.sbi is the highest domain
protocol, known as generic top level domain. (SBI rebrands its corporate website as “bank.sbi”
from the earlier “sbi.co.in”) Small Industries Development Bank of India
(SIDBI) has signed a Memorandum of Understanding (MoU) with Vijaya Bank for providing concessional
finance to micro and small enterprises (MSEs). (SIDBI signs an MoU with Vijaya Bank for providing
concessional finance to MSEs) Business News: Microsoft has announced a strategic partnership
with Flipkart, wherein the online retailer will adopt Microsoft Azure as its exclusive
public cloud platform. (Microsoft announces a strategic partnership with Flipkart) Apple has acquired Israel-based start-up RealFace
that develops deep learning-based face authentication technology. (Apple acquires RealFace that
develops deep learning-based face authentication technology) Fabindia has started removing the brand name
‘Khadi’ that it uses to promote its cotton products after a legal notice by Khadi India
that the use of the word amounted to unfair trade practice and misusing its trade name.
(Fabindia removes the brand name ‘Khadi’ that it uses to promote its cotton products
after a legal notice by Khadi) Science and Technology News: SpaceX launched a robotic Dragon cargo ship
with about 5,500 pounds (2,500 kg) of supplies and science experiments toward the International
Space Station on February 19, 2017 (SpaceX launched a robotic Dragon cargo ship with
about 5,500 pounds of supplies and science experiments) Astronomers of NASA have discovered seven
Earth-sized planets orbiting a star called TRAPPIST-1. Three of them are in the habitable
zone where liquid water can exist on the surface of rocky planets. (NASA discovers 7 Earth-sized
planets orbiting a star called TRAPPIST-1) Sports:
Shahid Afridi has announced his retirement from international cricket, but has stated
that he wants to play in his country’s domestic league for two more years. (Shahid Afridi
announces his retirement from international cricket) Premier off-spinner Ravichandran Ashwin, broke
Kapil Dev’s Indian record of most Test wickets in a domestic season. (Ravichandran Ashwin
breaks Kapil Dev’s Indian record of most test wickets in a domestic season) The National Rifle Association of India(NRAI)
announced that India will be hosting the Combined World Cup for shooting in 2019. (NRAI announces
that India will be hosting the Combined World Cup for shooting in 2019)

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