Current Affairs

Important Current Affairs 14th May 2017

Important Current Affairs 14th May 2017

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important Current Affairs 14th May 2017 with Free PDF in English and Hindi, which will update you with latest headlines, news from various domains i.e: National News, Sports, Business, Awards & recognition. It is useful for the preparation of competitive exams like: SSC, SBI, IBPS PO, Clerk, Railways & Various other Entrance examinations.

Current Affairs 14th May 2017: NATIONAL NEWS

One Rupee Clinics now open at Mumbai railway stations

To help its commuters in case of medical emergency, Central Railway along with 'Magicdil' have established 24X7 'One Rupee Clinics' at 14 different stations. 
●    These clinics will be providing timely medical assistance to rail accident victims as well as commoners at a token charge of Re 1.
●    After PIL filed in Bombay HC in March by rail activist Samir Zaveri on the issue of lack of prompt medical help in case of accidents on railway tracks, the Bombay High Court ordered the Railways to set up EMRs at all stations on the Central and Western Line in a phased manner.
●    The five EMRs have been set up at Dadar, Kurla, Wadala, Mulund and Ghatkopar stations, in association with city-based medical firm Magicdil Health For All Pvt Ltd. 
●    While choosing the station to establish 'One Rupee Clinic', Magicdil asked for data from railway authority regarding where most number of accidents take place and which are the most crowded stations.
●    These 24X7 EMRs will be having a team of 3 to 4 MBBS doctors. 
●    Magicdil is planning to start OPD of specialists doctors for masses at the cost of Just Re 1 as consultation charge.

Drug-resistant TB cases may spike in India by 2040: Study

A new study has found that India could witness an alarming spike in cases of multidrug-resistant (MDR) tuberculosis by the year 2040.
●    The study was published on 9 May 2017 in the prestigious medical journal The Lancet.
●    The study indicates that drug-resistant TB could make up one in ten cases of the disease in the country in the next two decades.
●    A similar spike has been forecasted for Philippines, Russia and South Africa too.
●    The study forecasted the percentage of MDR tuberculosis among incident cases of tuberculosis.
●    As per the study, it will make up 12.4% of the TB cases in India, 8.9% in the Philippines, 32.5% in Russia, and 5.7% in South Africa in 2040.
●    It also predicted the percentage of extensively drug-resistant (XDR) tuberculosis among incident MDR tuberculosis to increase, reaching 8.9% in India, 9.0% in the Philippines, 9.0% in Russia, and 8.5% in South Africa in 2040.
●    By 2040, a third of tuberculosis cases in Russia are predicted to be drug-resistant, compared with one in ten in India and the Philippines, and one in 20 in South Africa.

Current Affairs 14th May 2017: ECONOMY

Bank loan recovery time period reduced

Earlier, banks had to wait for 90 days before starting loan recovery proceedings. However, Reserve Bank of India (RBI) has now ruled that for an account to be formally classified as non-performing, banks don't have to wait for a deadline to start loan recovery.
●    "Under the ordinance, we have clarified that the default will be considered as per bankruptcy laws, which means if the payment is missed it turns into a default the next day," .
●    This would prompt banks to plan their recovery strategies in advance.
●    India's banks , especially the ones run by the state, have a lot of bad debts to take care of, which directly impacts their financial performance, lending ability and the economy as a whole.
●    "The Reserve Bank should clarify what should be the provisioning requirement for companies going under bankruptcy in the first day of default, in the event a bank decides to file it the same day," said Sapan Gupta, partner at law firm Shardul Amarchand Mangaldas & Co.

Current Affairs 14th May 2017: INTERNATIONAL NEWS

Implementation of the expanded India-Chile PTA

India and Chile have entered into another milestone in their trade relations as an agreement on expansion of India-Chile PTA which was signed on 6th September, 2016 is finally being implemented on 16th May, 2017. 
●    The Union Cabinet had approved the expansion of PTA in April, 2016. 
●    The expanded PTA would immensely benefit both sides as a wide array of concessions has been offered by both sides on a number of tariff lines which will facilitate more two way trade. 
●    India and Chile had earlier signed a Preferential Trade Agreement (PTA) on March 8, 2006 which came into force with effect from August, 2007. 
●    The original PTA had a limited number of tariff lines wherein both sides had extended tariff concessions to each other. 
●    India’s offer list to Chile consisted of only 178 tariff lines whereas Chile’s offer list to India contained 296 tariff lines at 8-digit level. 
●    The expanded PTA has a wider coverage wherein Chile has offered concessions to India on 1798 tariff lines with Margin of Preference (MoP) ranging from 30%-100% and India has offered concessions to Chile on 1031 tariff lines at 8-digit level with MoP ranging from 10%-100%. 

Current Affairs 14th May 2017: APPOINTMENTS

Justice Mukul Mudgal appointed as Chairman of FIFA Governance Committee

Justice Mukul Mudgal, retired judge of Delhi High Court, on 12 May 2017 was elected as the Chairman of FIFA Governance Committee.
●    The appointment was made at the world football governing body’s 67th Congress at Manama, Bahrain.
●    Mudgal, who until now served as the Deputy Chairman of the Committee, will take the office for four years effective immediately.
●    Finland’s Olli Rehn, who is the former Vice-President of the European Commission, will be the Deputy Chairman of the FIFA Governance Committee.
●    Justice Mudgal was the first choice for the FIFA Council and his name was proposed for the vacant position after Miguel Maduro was removed for his role.
●    Maduro allegedly played a role in blocking Russian World Cup official Vitaly Mutko from retaining his seat on ruling council.
●    The FIFA Governance Committee deals with, and advises and assists the Council on all FIFA governance matters.

Aruna Sundararajan appointed as Secretary of Department of Telecommunications

Aruna Sundararajan was on 10 May 2017 appointed as Secretary of Department of Telecommunications. 
●    However, she will continue to serve as the Secretary for Union Ministry of Electronics and IT (Meity).
●    Aruna succeeds PK Pujari, who was appointed to the post temporarily in March 2017. Sundararajan’s Secretary position will also be temporary.
●    Sundararajan is an IAS officer who played an important role in creating an IT department for the Kerala government in 1998. 
●    She has rich experience in overseeing operations of Kerala Government’s Bharat Broadband Scheme which provides subsidized broadband connections. 
●    Her previous important posts include IT secretary for Kerala Government and CEO of National Common Service Centre.
●    The post of full time Secretary of DoT has been lying vacant since the removal of J S Deepak from the post in March 2017.

V K Saraswat appointed as Chancellor of JNU

Eminent scientist V K Saraswat was on 12 May 2017 appointed as the Chancellor of Jawaharlal Nehru University (JNU).  
●    He succeeds former ISRO chairman K Kasturirangan, who completed his term on 30 March 2017. 
●    Saraswat will serve five years term at JNU. He is currently serving as the Member of NITI Aayog.
●    As the Chancellor of JNU, Saraswat will discharge functions such as presiding over the convocation ceremony for awarding degrees. 
●    Apart from being a member of the JNU court, he will be the competent authority to sanction leave to the vice-chancellor.
●    A PhD in Combustion Engineering, Saraswat played a very significant role in the development of the country’s first liquid propulsion engine- Devil.
●    He is credited with the development of other rocket engines such as Prithvi, Dhanush and Prahaar. 
●    He earlier served as the Director General of Defence Research and Development Organisation.

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