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Important Current Affairs 27th July 2017

Important Current Affairs 27th July 2017

Current Affairs 27th July 2017: NATIONAL NEWS

Ministry of Earth Sciences Celebrates its 11th Foundation Day 

Union Minister for Science & Technology, Earth Sciences and Environment, Forests & Climate Change Dr. Harshvardhan inaugurated the 11th Foundation Day of Ministry of Earth Sciences in New Delhi today. 
●    Speaking on the occasion, Dr. Harshvardhan said that the Ministry of Earth Sciences (MoES) is mandated to provide the nation with the best possible services in forecasting the monsoons and other weather/climate parameters, ocean state, earthquakes, tsunamis and other phenomena related to earth systems, for the Public Safety and socio-economic benefits. 
●    The Ministry also deals with science and technology for exploration and exploitation of ocean resources (living and non-living), and play nodal role for Antarctic/Arctic/Himalayas and Southern Ocean research. 

Harshvardhan launches “Sagar Vani” - An Integrated Information Dissemination System

Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, Dr. Harshvardhan launched an app “Sagar Vani” on the occasion of Foundation Day of Ministry of Earth Sciences in New Delhi today. 
●    ESSO-Indian National Centre for Ocean Information Services (INCOIS) under Ministry of Earth Sciences (MoES) provides ocean information services for the benefit of various user communities in the country. 
●    The services are more fruitfully utilized when the advisories reaches the end user in timely manner and in user readable format. 
●    Now-a-days ICT facilities in the country are accessible to large population of the country and that plays a major role in effective dissemination of information to the end user. 
●    ESSO-INCOIS has adopted the state-of-the-art technologies and tools available in the country for the timely dissemination of Ocean Information and Advisory Services that includes Potential Fishing Zone (PFZ) advisories, Ocean State Forecast (OSF), High Wave Alerts and Tsunami early warnings.

National Centre for Seismology launches ‘India Quake’ – An App for Earthquake Parameter Dissemination

Union Minister of Science & Technology, Earth Sciences and Environment, Forests & Climate Change, Dr. Harshvardhan launched an app “India Quake” on the occasion of Foundation Day of Ministry of Earth Sciences in New Delhi today. 
●    National Centre for Seismology (NCS) operates national seismological network with 84 stations. 
●    These stations are connected to NCS headquarter through VSAT for real time data communication. In the event of an earthquake NCS locates them using data from its network and disseminate earthquake parameters to all the concerned government department and other stake holders through SMS, email and fax. 
●    However this causes some delay in dissemination and also restricts the number of recipients. 
●    To overcome this, a Mobile App has been developed by the NCS for automatic dissemination of earthquake parameter (location, time and magnitude) after the occurrence of earthquakes. 
●    The App will make information dissemination faster with no restrictions on the number of recipients. 
●    Any citizen can download this App and get the real time earthquake location information on his/her mobile. 
●    Other than scientific and administrative benefits of the App, it will help in reducing panic amongst people during an earthquake. 

Prime Minister’s Special Scholarship Scheme for Jammu & Kashmir

The Special Scholarship Scheme for Jammu & Kashmir is being implemented since 2011. 
●    The scheme aims to encourage the youth from Jammu & Kashmir to pursue higher education in educational institutions outside the state.
●    The Government has taken several initiatives to ensure that the benefits of the scheme is availed by all deserving students.
●    As a result of various initiatives, including creation of ten supernumerary quota in Engineering Colleges, more number of students are taking admission in professional courses.
●    The scheme envisages to provide 5000 fresh scholarships every year (4500 for General, 250 for Engineering and 250 for Medical studies).  
●    There is a provision of inter-changeability of slots, subject to shortfall in the number of General degree courses and in the process, allocating a higher number of students for certain professional courses.

Vijay Goel and Rajyavardhan Rathore inaugurate newly created 10-mts Rifle and Pistol Mini Range at Dr. Karni Singh Shooting Range, Tughlakabad, New Delhi

Union Minister of State (I/C) for Youth Affairs and Sports Shri Vijay Goel and Minister of State for Information and Broadcasting Col. Rajyavardhan Rathore(Retd.) here today inaugurated 10-meter Rifle and Pistol Shooting Range at Dr. Karni Singh Shooting Range, Tughlakabad, New Delhi.
●    Speaking on the occasion Shri Vijay Goel said that more utilization of stadiums and other infrastructure for the promotion of sports is aim of his ministry. 
●    He said, the newly created 10 M Mini range is primarily for the purpose to train the basics of shooting to the new comers of any age who want to pursue competitive shooting sports. 
●    He said now after introduction of this new manual electronic 05 point target system, they will be able to attain the bench mark level and thereafter can be shifted to computerized electronic target system meant for elite shooting training/competitions as per ISSF norms.
●    The Minister said this will not only increase the number of trainees manifold but also make the shooting event popular among the aspiring shooters. 
●    This new introductory training at to Mini Range will open the gate for grass root shooters who want to achieve excellence in competitive sports.
●    Col. Rathore congratulating Sports minister said it is a great initiative to popularize the game of shooting. He said this will help youngsters to take up shooting and boost India’s Olympic prospects.

Bandaru Dattatreya attends the BRICS Labour & Employment Ministers’ Meet in China

Indian delegation led by Shri Bandaru Dattatreya, the Minister of State (Independent Charge) for Labour & Employment participated in the BRICS Labour & Employment Ministers’ Meet, held on 26-27th, July, 2017 at Chonqging, China. China is the chair for the BRICS Labour & Employment Ministers’ Meet for the year 2017. 
●    The delegation included M Sathiyavathy, Secretary (Labour and Employment), Manish Gupta, Joint Secretary, Anuja Bapat, Director and Prof Sasikumar, Sr. Fellow, VVGNLI.
●    The meeting concluded with the adoption of the BRICS Labour and Employment Ministerial Declaration by the BRICS Labour and Employment Ministers on 27th July 2017 in Chongqing, China. 
●    The Declaration covered a variety of areas that are of critical importance to all BRICS countries including India and called upon strengthening collaboration and cooperation on these through appropriate institutionalisation . 
●    These areas consisted of : “Governance in the Future of Work”, “Skills for development in BRICS”, “Universal and sustainable social security systems”, “BRICS Network of Labour Research Institutions”, “BRICS Social Security Cooperation Framework” and “BRICS entrepreneurship research”.

Current Affairs 27th July 2017: GLOBAL NEWS

Bolivian President declares ‘Total Independence’ from World Bank and IMF

Bolivia declares Total Independence from World Bank and IMFBolivia’s President Eva Morales in July 2017 declared that his nation has achieved “total independence” from the IMF and the World Bank.
●    President Morales declared the news on his official twitter account.
●    The socialist leader published his comments following a meeting with his peers at a gathering in Argentina of the Mercosur, a sub-regional economic bloc.
●    "A day like today in 1944 ended Bretton Woods Economic Conference (USA), in which the IMF and WB were established. These organizations dictated the economic fate of Bolivia and the world. Today we can say that we have total independence of them."
●    On the other hand, President Morales accused world powers of intervening in oil rich nations such as Libya, Iraq, and Venezuela to “appropriate resources”. “As Mercosur countries or organizations of America, we can be complicit in a U.S. intervention in Venezuela,” he tweeted.
●    The President’s comments came as Bolivia begins its process of becoming a full member of the Mercosur, also called the Southern Common Market, which includes Argentina, Brazil, Paraguay, Uruguay and Venezuela.


Current Affairs 27th July 2017: PERSON

Amazon's Jeff Bezos briefly overtakes Gates to become world’s richest person

Jeff Bezos, the founder of Amazon became the world’s richest man on 27 July 2017, dethroning Microsoft founder Bill Gates from the position briefly.
●    With a jump in the share price of the US tech giant, Bezos's net worth topped $90.5 billion on the morning of 27 July, ahead of Bill Gates’ estimated worth of $90 billion, according to Forbes and Bloomberg.
●    However, a dip in Amazon's stock price in the afternoon made him slip back to $88.8 billion, behind Gates whose net worth is estimated to be $89.8 billion.
●    Gates has been the world’s richest person since 2013 on the Bloomberg Billionaires Index.
●    The vast majority of the Bezos’ fortune is tied up in Amazon stock, of which he owns nearly 17%.
●    Amazon, which started off initially as an online retailer, has now entered into various other fields including cloud computing, online video, computer hardware and artificial intelligence.
●    Bezos’ stake alone in the diversified tech firm is worth $83 billion.
●    Such a high value of the stake also means that his net worth value could fall as quickly as it rises, should Amazon's stock decline or Microsoft's value rise.
●    Overall, in the past four months, Amazon shares have risen by almost 24 percent, adding some $17 billion to the net worth of the 53-year-old Bezos.
●    According to Forbes, Gates has been the richest person in the magazine's annual rankings in March for the past four years and for 18 of the last 22 years.
●    Mexican telecom magnate Carlos Slim is the only person to have overtaken Gates for the period of 4 years from 2010 to 2013.

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