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Important Current Affairs 16th August 2017

Important Current Affairs 16th August 2017

Current Affairs 16th August 2017: NATIONAL NEWS

Cabinet approves MoU between India and Sweden on IPRs

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval to the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property (IPRs).
●    The MoU establishes a wide ranging and flexible mechanism through which both countries can exchange best practices and work together on training programs and technical exchanges to raise awareness on IPRs and better protect intellectual property rights.
●    The MoU will enable India to exchange experiences in the innovation and IP ecosystems that will substantially benefit entrepreneurs, investors and businesses on both sides. 
●    The exchange of best practices between the two countries will lead to improved protection and awareness about India's range of Intellectual creations which are as diverse as its-people. 
●    It will be a landmark step forward in India's journey towards becoming a major player in global Innovation and will further the objectives of National IPR Policy, 2016.

Cabinet approves completion of balance works of North Koel Reservoir Project

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval to the proposal to complete the balance works of the North Koel Reservoir Project in Jharkhand and Bihar at an estimated expenditure of Rs.1622.27 crore to be incurred during three financial years from the start of the project. 
●    The Cabinet also approved storage of water in dam restricted at lower level than envisaged earlier to reduce the submergence and to protect Betla National Park and Palamau Tiger Reserve.
●    The project is situated on North Koel river which is a tributary of Sone river finally joining the river Ganga.  
●    The North Koel Reservoir is located in the most backward tribal areas in Palamau and Garhwa districts of Jharkhand State. 
●    The construction was originally started in the year 1972 and continued till 1993 when it was stopped by the Forest Department, Govt. of Bihar. Since then, the work on dam is at a standstill. 

Cabinet approves procedure and mechanism for Strategic Disinvestment 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Department of Investment and public Asset Management (DIPAM) for the strategic disinvestment of the following:
●    For setting up an Alternative Mechanism (AM) consisting of the Finance Minister, Minister for Road Transport & Highways and Minister of Administrative Department, to decide on the matters relating to terms and conditions of the sale from the stage of inviting of Express of Interests (Eols) till inviting of financial bid; and
●    For empowering the Core Group of Secretaries (CGD) to take policy decisions with regard to procedural issues and to consider deviations as necessary from time to time for effective implementation of decisions of CCEA.
●    The approval will help in speedy completion of strategic disinvestment transactions.

EESL and IOCL, BPCL & HPCL sign MOUs for distribution of Energy Efficient appliances

Energy Efficiency Services Limited (EESL), under the Ministry of Power, today signed a Memorandum of Understanding (MoU) with Oil Marketing Companies (OMCs) under the Ministry of Petroleum and Natural Gas (MoPNG) for distribution of energy efficient appliances under the flagship Unnat Jeevan by Affordable LEDs and appliances for All (UJALA) scheme. 
●    According to the agreement, Oil Marketing Companies- IOCL, BPCL and HPCL will take up distribution of LED Bulbs, LED Tubelights and energy efficient Fans from select retail outlets across the country. 
●    The distribution of these energy efficient appliances will be conducted in a phased manner across these select outlets. 
●    In the first phase, distribution will commence from the states of Uttar Pradesh and Maharashtra.
●    The MoUs were signed with Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) in the august presence of Shri Piyush Goyal, Minister of State (IC)  for Power, Coal, New & Renewable Energy and Mines, and Shri Dharmendra Pradhan, Minister of State (IC) for Petroleum and Natural Gas here.

Current Affairs 16th August 2017: APPOINTMENT

Dr. (Ms.) Mamta Suri takes charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI).

Dr. (Ms.) Mamta Suri took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today.
●    Before joining IBBI, Dr. Suri was serving as Chief General Manager, Insurance Regulatory Development Authority of India.
●    Dr. Suri has obtained her Ph.D. in Finance from University of Delhi and M. Insurance Risk and Management from City University, London. 
●    Dr. Suri is a Chartered Financial Analyst (CFA) from the Institute of Chartered Financial Analysts of India, and she has completed her graduation in law. 
●    She has also received Honorary membership for High Scholastic Achievement from USA.

Current Affairs 16th August 2017: WORLD NEWS

Italy to host fall G-7 interior ministers summit on security
Italy will host a summit of Group of Seven interior ministers centered on security issues in the fall.
●    Italian Interior Minister Marco Minniti says the meeting is being organized at the request of Italy's G-7 partners: Canada, France, Germany, the United Kingdom, Japan and the United States.
●    Italy currently holds the rotating helm of the G-7 industrialized nations.
●    Minniti said at a news conference Tuesday that while the terror alert level remains high in Italy, there is "no trace of an imminent threat" or attack.

Largest volcanic region on Earth discovered under Antarctica
Scientists have uncovered the largest volcanic region on Earth - consisting of almost 100 volcanoes - two kilometres below the surface of the vast Antarctic ice sheet.
●    Researchers at Edinburgh University in the UK revealed a staggering 91 volcanoes, adding to the 47 others that had been discovered previously, with the highest as tall as the Eiger, which stands at almost 4,000 metres in Switzerland.
●    The newly discovered volcanoes range in height from 100 to 3,850 metres. All of them are covered in thick layers of ice.
●    These active peaks are concentrated in a region known as the west Antarctic rift system, which stretches 3,500 km from Antarctica's Ross ice shelf to the Antarctic peninsula, researchers said.
●    "We had not expected to find anything like that number. We have almost trebled the number of volcanoes known to exist in west Antarctica," Robert Bingham, from University of Edinburgh, told 'the Guardian'.

Current Affairs 16th August 2017: OBITUARY

Shobha Sen, Actress And Theatre Veteran, Dies At 93

Actress and veteran theatre personality Shobha Sen, wife of late actor Utpal Dutt, died in Kolkata on Sunday. 
●    Ms Sen died at her residence in South Kolkata. She was 93. 
●    The actress died because of heart failure on Sunday morning. 
●    Ms Sen was suffering from age-related health conditions, family members of the late actress. 
●    Apart from her plays, Shobha Sen co-starred with Utpal Dutt in films such as 1961's Bengali drama Megh, also directed by Mr Dutt, Mrinal Sen's 1972 movie Ek Adhuri Kahani and 1983's Pasand Apni Apni. 
●    Shobha Sen and Utpal Dutt married in 1960. 
●    Shobha Sen is survived by her daughter Bishnupriya Dutt.

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