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Current Affairs Quiz –26 26th August, 2017

  1. Jammu & Kashmir government to set up Eco-Park in Rajouri District
  • The Jammu and Kashmir government has decided to build an Eco-Park on over 34 acres of land reclaimed from encroachers in the state’s Rajouri district
  • The park is a first-of-its-kind project in the region. It will have a botanical garden, a cactus garden, a cafeteria and other amenities.
  • Nearly, 34 acres of land has been included in the Eco Park project coming up at the Kandi belt of Rajouri.
  • The project has been planned under the convergence of local resources and it is expected to be completed by end of this year.
  • The police was also deployed in the anti-encroachment drive. The Department of Rural Development has started fencing on the retrieved land.
  1. E-waste disposal from schools kicks starts in Kerala
  • E-waste removal from Kerala schools has begun with about 12,500 kg being disposed statewide on a single day under a programme aiming to clear accumulated junk, reportedly estimated at over one crore kg.
  • It is aimed at disposing e-Waste such as desktop computers, CRT monitors, laptops, disk drives, printers, UPS, camera, speaker system, television, network components and generators from 10,000 odd schools and educational offices in the state. Similar vehicles from Alappuzha, Puthukkad, Kozhikode North and Thaliparamaba constituencies where the Hi-Tech School programme was piloted, were also flagged off, through video conferencing.
  • Schools were reportedly having over one crore kgs of e-Waste accumulated since the past two decades, which eats-up huge space of IT labs, besides obstructing the lab activities in a large way.
  • The e-waste will be scientifically processed at recycling facility of Earth Sense Recycling company in Hyderabad.
  1. CA Institute signs MoU with ICA Nepal
  • The CA Institute has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of Nepal (ICAN).
  • Nilesh Vikamsey, President, Institute of Chartered Accountants of India (ICAI) and Prakash Jung Thapa, President–ICAN exchanged the MoU in the presence of Prime Minister Narendra Modi and Prime Minister of Nepal Sher Bahadur Deuba.
  • The MoU seeks to establish mutual co-operation for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in Nepal and India.
  • ICAI has a membership base of over 5,000 members in Nepal. It may be recalled that ICAI was instrumental in establishment of ICAN in 1997, wherein the ICAI played an important role in establishing systems and procedures relating to examination, technical and administrative areas in ICAN.
  1. Odisha CM Naveen Patnaik launches grid-connected rooftop solar project
  • Chief Minister Naveen Patnaik launched the grid-connected rooftop solar project through net-metering system. He also launched the web portal of the rooftop solar programme– www.rtsodisha.gov.in
  • Under the programme, consumers can install solar plants on their rooftops and consume the generated solar power during the day time.
  • The additional solar power generated could be exported through net-meter, a special type of meter which will be provided by the respective distribution companies.
  • The difference between buying from the grid and selling to it will be billed to the consumer. Consumers can reduce their consumption of electricity by using solar power and simultaneously get a reduced bill on account of selling solar power to the grid.
  • The investment on a rooftop solar system is about Rs 70,000 per kw. The state government will provide 30 percent subsidy to the consumers. Officials said Odisha envisages renewable energy capacity addition of 2750 mega watt by 2022 and a major part of this capacity addition target has been assigned to solar power with a share of 2200 MW.
  • Roof top potential in Odisha has been estimated at 5000 MW.
  1. Link Home loans to Repo Rates, says RBI Committee
  • A Reserve Bank of India appointed committee on Household Finance has suggested that banks link their home loan rates to the RBI’s repo rate, the rate at which it lends to banks, instead of the Marginal Cost of Funds based Lending Rate (MCLR), which the banks follow now.
  • The committee is chaired by Dr Tarun Ramadorai, Professor of Financial Economics, Imperial College Business School, London.
  • While these recommendations need not be accepted by the regulator, it comes when the RBI had hinted it was unhappy with the rate transmission under the MCLR regime.
  • In the past three years the central bank has reduced the policy rate by 200 basis points, but the weighted average lending rates have fallen by 145 basis points. A basis point is 0.01 percentage point.
  1. In a first, Nepal launches climate-smart snow leopard plan
  • In a first, Nepal launched its climate-smart snow leopard landscape management plan, leading the way in safeguarding this endangered species, also found in India, and its habitat.
  • Its conservation plan launched ahead of the International Snow Leopard Summit and Ecosystem Forum, addresses key current and emerging threats to the snow leopards, including climate change, and will be used as a model for other range countries to adopt.
  • This is the first climate-smart landscape management plan for snow leopard conservation in the world.
  • At the meeting, world leaders will hold critical talks to strengthen previous commitments to safeguard the future of the snow leopard and its habitat – the headwaters for rivers on which hundreds of millions directly depend as a source of freshwater.
  • It has been four years since the range countries first met in 2013, when they committed to an ambitious goal of securing 20 snow leopard landscapes by 2020.
  • Nepal’s conservation plan comes ahead of the Bishkek Declaration which will be signed by all 12 range states at the close of the summit and must pave the way for more substantial action in securing 20 snow leopard landscapes by 2020.
  • The WWF urged the snow leopard range countries, which include political powerhouses China, Russia and India, to bolster previous commitments, or risk irreversible damage to both the species and landscape.
  1. Commerce and industry minister Nirmala Sitharaman sets up task force on artificial intelligence.
  • Commerce and industry minister Nirmala Sitharaman has constituted a task force on artificial intelligence to prepare for industrial revolution 4.0 and digitise the manufacturing sector.
  • A panel comprising experts, academics and researchers has been formed to explore the possibilities to leverage artificial intelligence for development across various fields.
  • The taskforce is headed by V Kamakoti of Indian Institute of Technology-Madras and includes 17 more members from various government departments and private companies such as HCL Technology and Tata Consultancy Services.

  1. England 2018 ITTF team to host World Cup
  • England has been given the right to host 2018 table tennis team World Cup, which will be held in London.
  • This event will take place in Copper Box Arena at Queen Elizabeth Olympic Park from 22-25 February 2018.
  • This will be the first major table-tennis tournament to be held in London, before that Wembley hosted the 1954 World Championships.
  • This event will be a competition for 12 men and 12 women teams.

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