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Monday, June 19, 2017

Current Affairs June 18, 2017

Indians wrestlers bag 5 medals at Junior Asian Championships

§  Indian wrestlers produced a superb show to bag five medals at the Junior Asian Championships 
§  Among the women, Pooja Gehlot won gold in the 51kg category while Sonu clinched a silver medal in the 44kg event. Manju Kumari got a bronze in the women's 59kg division.
§  The boys bagged two medals in the Greco-Roman categories on the second day of the competition with S. Satish clinching silver in the 120kg division while Manish got a bronze in the 50kg category.
§  The Indian boys have now registered a tally of one silver and six bronze medals over the two days of the Greco-Roman competition.
§  This is the best performance by Indian boys in the Greco-Roman style as they have finished on the podium in every weight category except for the 60kg division.
§  In the women's 51kg category, Pooja scripted an exciting 6-5 win over Chisaki Hori of Japan in the final. 

PM dedicates first phase of Kochi Metro to nation

§  Prime Minister Narendra Modi on Saturday dedicated the first phase of Kochi Metro to the nation.
§  Kochi, the Queen of the Arabian Sea, was once an important spice trading centre. Today it was known as commercial capital of Kerala, the prime minister said.
§  Kochi Metro Rail Limited (KMRL) is a 50-50 joint venture of the Centre and the state government.
§  The Centre has so far released over Rs 2,000 crore for the project. The coaches reflected 'Make in India' vision.
§  They have been built by Alstom near Chennai and have an Indian component of around 70 per cent
§  Union Urban Development Minister M Venkaiah Naidu, Kerala Governor P Sathasivam, Chief Minister Pinarayi Vijayan, Leader of Opposition in Kerala Assembly Ramesh Chennithala, Ernakulam MP K V Thomas, Kochi Mayor Soumini Jain and 'Metro Man' E Sreedharan were among those present at the inaugural function.


IBBI notifies fast track Insolvency Resolution Process for Corporate Persons Regulations

§  The Insolvency and Bankruptcy Board of India (IBBI)  notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.
§  The board announced the regulations in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (Code),
§  These regulations provide the process from initiation of insolvency resolution of eligible corporate debtors till its conclusion with approval of the resolution plan by the Adjudicating Authority.
§  The process in these cases shall be completed within a period of 90 days, as against 180 days in other cases. However, the Adjudicating Authority may, if satisfied, extend the period of 90 days by a further period up to 45 days for completion of the process.


Mahatma Gandhi's Sabarmati Ashram Celebrates 100 Years

§  Sabarmati Ashram, which served as epicentre of the country's freedom struggle during Mahatma Gandhi stay there, will celebrate its centenary in presence of his grandson and former West Bengal Governor Gopalkrishna Gandhi.
§  Mahatma Gandhi lived in the ashram, situated on the banks of Sabarmati river in Ahmedabad along with his wife Kasturba from 1917 and 1930.
§  The Ashram trust has planned several programmes, including opening of two permanent galleries at the Ashram, tree plantation and release of two books on Mahatma Gandhi, to mark the event.
§  As per the schedule posted on the Ashram's website, Gopalkrishna Gandhi inaugurated two galleries titled 'My Life is My Message' and 'Charkha.' 
§  He also released two books titled 'Letters to Gandhi' and 'Pioneers of Satyagraha.'


Helmut Kohl, father of German reunification, dies

§  Former German Chancellor Helmut Kohl, the architect of German reunification, died
§  He was 87.
§  Germany's longest serving post-war chancellor from 1982 to 1998, Kohl was a driving force behind the introduction of the euro currency, convincing sceptical Germans to give up their cherished deutschemark.



Sunday, June 18, 2017

Current Affairs June 17, 2017

National News

1. Aadhaar must for bank accounts, transactions over Rs 50,000.
  • The government has notified amendments to the Prevention of Money Laundering Rules making both Aadhaar and PAN mandatory starting June 1.
  • Government has made it mandatory to provide Aadhaar to open a bank account and to conduct a transaction of Rs. 50,000 or more.
  • Existing bank account holders will have to submit the Aadhaar by December 31, 2017, failing which the account will be declared invalid.
  • Small accounts can now be opened at bank branches that have core banking solutions.
2PM Modi flags off Kerala’s first metro in Kochi.
  • Prime Minister Narendra Modiflagged off Kerala’s first metro line in Kochi.
  • The rooftops of all stations have been set up with solar panels in order to generate power.
  • The minimum fare to ride in the Kochi Metro is capped at Rs 10, maximum fare at Rs 40.
  • KMRL has appointed as many as 23 transgenders for customer service operations and as ground staff.
  • Chief Minister of Kerala – PinarayiVijayan
3.India to host AIIB’s 3rd annual meeting.
  • Asian Infrastructure Investment Bank’s third annual meeting will be held in India.
  • The third annual meeting of the AIIB’s board of governors will be held in Mumbai, India, in June 2018.
  • The first annual meeting was held in Beijing and second meeting in South Korea.
  • AIIB is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.
  • The bank was proposed by China in 2013 and is headquartered in Beijing, China.
  • President of AIIB – JinLiqun
International News

1. First Gay and Female Prime Minister.
  • Ana Brnabić is set to become both the first gay and first female prime minister of Serbia.
  • She is currently serving as the minister of public administration and local government.
  • The nomination is noteworthy as Serbia is known for its widespread homophobia. Homosexuality was officially considered an illness in Serbia prior to 2008.
  • Capital of Serbia – Belgrade
2. India Ranks 75th in Environmental Impact Survey.
  • One of the poorest in the world, Mozambique has topped a survey of nations with the lowest global environmental impact.
  • India was placed was placed 75th, with renewable energy making up only 15.2 per cent of all energy used.
  • Trinidad and Tobago finished at the bottom of the list.
  • Rankings were based on different measurements that make up the average individual human impact in each country, including energy consumption, air pollution, waste production and CO2 emissions per capita
Business News

1. Amazon to acquire Whole Foods.
  • Amazon has announced that it’s buying Whole Foods for just under $14 billion.
  • Amazon has agreed to pay $42 a share in cash for the organic-food chain, including debt.
  • The takeover is the biggest in Amazon’s history and is expected to be completed in the second half of the year.
  • The grocery chain includes more than 460 stores in the United States, Canada and Britain with sales of $16 billion in the last fiscal year.
  • CEO of Amazon – Jeff Bezos
2. Indian firms in top 100 companies in Asia300 ranking.
  • As many as 20 Indian firms have been named in the latest list of top 100 companies in the Nikkei Asian Review’s Asia 300.
  • While three Indian companies have made it to the top 10 list.
  • No Indian company had made the cut in the previous financial year.
  • Indian IT service provider HCL Technologies came in at the second place, followed by Zee Entertainment Enterprises and Tata Consultancy Services at the third and fourth place respectively.
  • Taiwan’s Largan Precision topped the list.
Sports News

1. India bag five medals at Asian Junior Wrestling Championships.
  • India has won five medals,including a gold in the 2017 Asian Junior Wrestling Championships.
  • India’s female wrestlers won three medals while male wrestlers clinched two medals.
  • Puja clinched the gold medal in women’s 51kg freestyle category.
  • The 2017 Asian Junior Wrestling Championships is hosted by Taiwan.

Thursday, June 15, 2017

THE HINDU EDITORIAL : JUNE 14' 2017



Peace in West Bengal’s Darjeeling hills has been shattered again, with the key hill party, the Gorkha Janmukti Morcha, renewing its demand for a separate Gorkhaland state. The protests started with the suspicion that Bengali would be made mandatory in the hills, but have spiralled into a broad-based ‘indefinite’ agitation with the GJM targeting symbols of the state and ordering closure of all government offices from June 12. In May, Chief Minister Mamata Banerjee had announced that all students would have to study Bengali from Class I, but later clarified that it would not be compulsory in the hill district of Darjeeling. The GJM, which had lost the Mirik municipal election to the Trinamool Congress in May, appeared to hear only one part of the language decree, and announced a host of marches and shutdowns. When Ms. Banerjee arrived in Darjeeling with her ministers for a meeting on ‘development’ last week, she was greeted with protests and stone-pelting of a kind not seen since 2013. The Army was called out, and Ms. Banerjee stayed put in Darjeeling till she thought a semblance of normality had returned. With May and June constituting the peak tourist season, the GJM has, for now, kept hotels, shops and transport facilities outside the purview of the shutdown. It is the peak season for the Darjeeling tea too, with the second flush harvesting on. This eyeball-to-eyeball confrontation spells fresh trouble for a region that depends on tourism and tea for its survival. If the first day of the indefinite bandh was more or less peaceful, it was thanks to the heavy military presence and the stringentmeasures announced against those who supported it, including a possible break in service for employees missing work. For their part, GJM leaders Bimal Gurung and Roshan Giri want the Centre to intervene. When the TMC came to power in 2011 after 34 years of Left rule, the GJM had agreed to the formation of the Gorkhaland Territorial Administration after three years of violence in the hills. Mr. Gurung, who had set up the GJM in 2007 with the sole agenda of separation from West Bengal, became its chief executive, saying he would take the Gorkhaland demand to Delhi and refrain from shutdowns in the hills. But with the TMC making inroads in the hills, the GJM clearly feels its wings are being clipped, especially with the government setting up several development boards of ethnic communities and further weakening the hill party. Watching from the sidelines is the Bharatiya Janata Party, which is keen to expand its base in the State. GJM leaders are in touch with BJP president Amit Shah, but the Modi government has not yet spelt out its stand on Gorkhaland. While the State government must be firm and quick to quell cries for the formation of a separate state in the border region, the GJM should tread carefully as a spiral of violence hurts hill-dwellers the most.




B) Moroccan Spring?
The shadow of the 2010-11 Arab Spring still hangs over Morocco, as its authorities scramble to contain the latest political turmoil. The trigger for the current troubles was the gruesome death last October of a fisherman while retrieving allegedly illegal catch from the police in the Mediterranean port town of alHoceima. The incident in the Rif region, which has been periodically restive, proved a catalyst for social unrest witnessed since then against the general marginalisation of the population, and culminating in the detention of scores of protesters, including journalists and human rights activists. Protests have rocked Rabat too. Attempts to restore normalcy have been hampered as the government and angry protesters continue to trade accusations. A leader of the protest movement has been charged with threatening the security of the state, while some followers face criminal investigation. The monarchy under King Mohammed VI is contending with the overall fallout from the 2004 constitutional guarantees for women, including a minimum age for marriage and fair procedures for divorce. A decade-long campaign for gender justice is now focusing on the denial of equal ownership rights for women, and the government-backed privatisation of tribal land. Against this backdrop, the onerous task of restoring popular faith in the democratic process has fallen on the multi-party coalition of Prime Minister Saad Eddine el-Othmani who took office in March. Paradoxically, the installation of thincumbent government led by the Justice and Development Party came after a prolonged impasse since the general elections of last October. The stalemate lent substance to scepticism that the reforms set in motion in the wake of the Arab Spring were at risk due to the renewed assertiveness of the traditional elites close to the monarchy. Morocco had successfully averted the political upheavals of the Arab Spring witnessed in Libya and Egypt through a calibrated approach of constitutionally managed transition. In return, the country remained a favoured destination for foreign investment and revenue from a thriving tourism sector. These were no mean achievements, in stark contrast to the atrocities unleashed against hundreds of thousands of popular protesters and the lurch towards authoritarian and more brutal regimes elsewhere in the Arab world. The same political sagacity and national stewardship is once again the need of the hour in order to restore confidence in the democratic process. The Prime Minister is known as a consensus-builder, and a genuine dialogue between the government and the leadership of the popular movement is key to a return to stability. Equally, the monarchy would do well to exercise restraint to facilitate the smooth functioning of the mainstream political process.
WORDS / VOCABULARY
1) Shattered
Meaning: Break or cause to break suddenly and violently into pieces; Extremely upset.
Example: Shattered glass lay all over the road.
Synonyms: Break, Destroy
Antonyms: Create, Combine
2) Spiralled
Meaning: A situation in which a price, etc. becomes lower, or a situation gets worse and is difficult to control because one bad event causes another.
Example: This year’s downward spiral of house prices has depressed the market.
Synonyms: Soar
Antonyms: Fall, Decrease
3) Decree
Meaning: An official statement that something must happen.
Example: More than 200 people were freed by military decree.
Synonyms: Mandatory, Rule
Antonyms: Lawlessness
4) Semblance
Meaning: A situation or condition that is similar to what is wanted or expected, but is not exactly as hoped for.
Example: He was executed without even the semblance of a fair trial.
Synonyms: Appearance, Show
5) Purview
Meaning: The limit of someone’s responsibility, interest, or activity.
Example: This case falls outside the purview of this particular court.
Synonyms: Attention, Attitude
Antonyms: Stupidity, Mistake
6) Confrontation
Meaning: A fight or argument.
Example: Some couples seem to like confrontation, but Josh and I hardly ever argue.
Synonyms: Conflict, Fight
Antonyms: Peace, Calm
7) Stringent
Meaning: Having a very severe effect, or being extremely limiting.
Example: The most stringent laws in the world are useless unless there is the will to enforce them.
Synonyms: Strict, Severe
Antonyms: Flexible
8) Intervene
Meaning: To intentionally become involved in a difficult situation in order to improve it or prevent it from getting worse.
Example: The minister intervened personally to stop the museum from being closed.
Synonyms: Intercede, Interfere
Antonyms: Ignore, Leave
9) Scramble
Meaning: To move or climb quickly but with difficulty, often using your hands to help you.
Example: She scrambled up the steep hillside and over the rocks.
Synonyms: Climb, Clamber
10) Turmoil
Meaning: A state of confusion, uncertainty, or disorder.
Example: The country is in a state of political turmoil.
Synonyms: Turbulence, Mayhem
Antonyms: Calm, Peace
11) Restive
Meaning: Unwilling to be controlled or be patient.
Example: The audience was becoming restive as they waited for the performance to begin.
Synonyms: Apprehensive, Restless
Antonyms: Calm, Biddable
12) Catalyst
Meaning: An event or person that causes great change.
Example: The high suicide rate acted as a catalyst for change in the prison system.
Synonyms: Incentive, Impetus
Antonyms: Not changed
13) Culminating
Meaning: If an event or series of events culminates in something, it ends with it, having developed until it reaches this point.
Example: Their many years of research have finally culminated in a cure for the disease.
Synonyms: Supreme, Ultimate
14) Detention
Meaning: The act of officially detaining someone.
Example: Concern has been expressed about the death in detention of a number of political prisoners.
Synonyms: Confinement, Internment
Antonyms: Freedom, Release
15) Hampered
Meaning: To prevent someone doing something easily.
Example: Fierce storms have been hampering rescue efforts and there is now little chance of finding more survivors.
Synonyms: Obstruct, Inhibit
Antonyms: Help
16) Onerous
Meaning: Difficult to do or needing a lot of effort.
Example: She found the duties of motherhood onerous.
Synonyms: Inconvenient, Oppressive
Antonyms: Easy, Effortless
17) Incumbent
Meaning: Officially having the named position.
Example: The incumbent president faces problems which began many years before he took office.
Synonyms: Mandatory, Necessary
Antonyms: Optional
18) Stalemate
Meaning: A situation in which neither group involved in an argument can win or get an advantage and no action can be taken.
Example: Despite long discussions, the workers and the management remain locked in stalemate.
Synonyms: Deadlock, Standstill
Antonyms: Progress
19) Scepticism
Meaning: Doubting that something is true or useful.
Example: Many experts remain sceptical about/of his claims.
Synonyms: Doubt, Suspicion
Antonyms: Belief, Faith
20) Assertiveness
Meaning: Someone who is assertive behaves confidently and is not frightened to say what they want or believe.
Example: If you really want the promotion, you’ll have to be more assertive.
Synonyms: Forceful, Positive
Antonyms: Retiring
21) Atrocities
Meaning: An extremely cruel, violent, or shocking act.
Example: They are on trial for committing atrocities against the civilian population.
Synonyms: Obscenity, Outrage
Antonyms: Kindness, Good Behaviour
22) Brutal
Meaning: Cruel, violent, and completely without feelings.
Example: He was imprisoned in 1945 for the brutal murder of a twelve-year-old girl.
Synonyms: Vicious, Savage
Antonyms: Gentle, Humane
23) Sagacity
Meaning: Having or showing understanding and the ability to make good judgments.
Example: A sagacious person/comment/choice.
Synonyms: Wisdom, Ability
Antonyms: Inability, Mistake
24) Stewardship
Meaning: Someone’s stewardship of something is the way in which that person controls or organizes it.
Example: The Company has been very successful while it has been under the stewardship of Mr White.
Synonyms: Control, Maintenance

Antonyms: Ignorance