Current Affairs for BANK, IBPS Exams 27 September 2016
Current Affairs for BANK, IBPS Exams
27 September 2016
:: National ::
Govt mulls over Indus water treaty
- Declaring that “blood and water cannot flow together,” Prime Minister Narendra Modi held a meeting of officials from the Water Resources and EAM to discuss the government’s options on the India-Pakistan Indus Waters Treaty.
- While the meeting decided to suspend further water talks and increase the utilisation of rivers flowing through Jammu and Kashmir to maximise India’s share, there was no decision on either reviewing or abrogating the 1960 treaty.
- The government decided to suspend talks on the Permanent Indus Commission, the dispute redressal mechanism that has met 112 times, until “terror comes to an end.”
- According to Article VIII of the Indus Waters Treaty, the Commission must meet once a year, alternately in India and Pakistan. The last meeting was held in July 2016.
- According to the sources, the Prime Minister held the meeting as “things have been difficult with Pakistan,” adding that, hence, “this was the appropriate time to review arrangements under the Indus Waters Treaty again.”
Ankit Kawatra gets UN acclaim
- Troubled to see the amount of food being wasted in the big, fat Indian weddings, management graduate Ankit Kawatra came up with the solution to redistribute it among the hungry.
- Mr. Kawatra, who left his corporate job to start ‘Feeding India’, is among the 17 people selected for the inaugural class of U.N. Young Leaders for Sustainable Development Goals for his initiative.
- The young leaders were selected by the U.N. from more than 18,000 nominations from 186 countries.
- He established his own NGO, Feeding India, which now claims to have fed 1 million meals with a network of 2,000 volunteers across 28 cities in the country.
- They work towards solving hunger and malnutrition in India by redistributing excess food from weddings, corporate, canteens, banquets and households.
Army is recalibrating its techniques around LOC
- The Army has recalibrated its tactics along the LoC over the past few days and has achieved a “dynamic” operational posture, allowing it to exercise various “military options at a short notice”, defence sources said.
- They said the Army is in high “operational readiness”, a development following the Uri attack in which 18 soldiers were killed.
- Troop positions along the LoC have been reinforced and gun positions “moved”.
- Pakistan has closed its airspace over Pak-occupied Kashmir without giving any reasons.
:: Science and Tech ::
ISRO puts satellites in two diff orbits
- Pushing forward the scope of its workhorse rocket PSLV, Indian Space Research Organisation (ISRO) launched a total of eight satellites in two different orbits.
- Besides the weather satellite SCATSAT-1, two satellites PRATAM and PISAT from Indian institutions, from Algeria (ALSAT1N, 1B and 2B), from Canada (NLS-19) and the United States (Pathfinder-1) were launched in the longest PSLV mission.
- Earlier, ISRO was using separate rockets to launch satellites in different orbits and for the first time ISRO launched satellites in two different orbits in a single mission.
- About 17 minutes after it took off from the First Launch Pad of the Satish Dhawan Space Centre here at 9.12 a.m., the rocket placed SCATSAT-1 (371 kg) in the polar sun synchronous orbit at an altitude of 725 km.
:: India and World ::
Sushma Swaraj addresses United Nations General assembly
- India took its campaign to diplomatically isolate Pakistan to the United Nations, with External Affairs Minister Sushma Swaraj asking the world community to hold to account countries that “nurture, peddle and export” terrorism.
- A unified global strategy can defeat terrorism, “and if any nation refuses to join this global strategy, then we must isolate it,” she said, speaking in Hindi.
- Countering Pakistan Prime Minister Nawaz Sharif, who accused India of human rights violations while speaking at the U.N. last week, Ms. Swaraj sought to turn the tables on Islamabad.
- “The brutality against the Baloch people represents the worst form of state oppression,” she said, referring to the ethnic minority in Pakistan.
- The Minister elaborated on how India’s positions converged with the global concerns on three issues — terrorism, climate change and the U.N. Sustainable Development Goals.
- Her narrative also explains — at least partly — India’s decision to ratify the Paris climate pact, in an abrupt turnaround from its recent position that the national process for ratification was still in progress.
- Ms. Swaraj reiterated PM Narendra Modi’s announcement on Sunday that India will ratify the pact on October 2, the birth anniversary of Mahatma Gandhi.
- External Affairs Minister Sushma Swaraj mentioned the name of alleged Lashkar-e-Taiba (LeT) terrorist Bahadur Ali arrested in Kashmir two months ago, as a living proof of cross-border terrorism from Pakistan.
:: International ::
Japan warned China against expanding its military activity
- Japan’s top government spokesman warned China against expanding its military activity to the skies over disputed East China Sea islands after eight Chinese war-planes flew near the area over the weekend.
- Chief Cabinet Secretary Yoshihide Suga said that Japan scrambled at least one fighter jet after the planes passed over the Miyako Strait on Sunday, east of the Senkaku islands.
- Mr. Suga acknowledged that the flights might be part of an exercise, but said that Japan would respond firmly to any violation of Japanese airspace.
:: Business and Economy ::
New date for budget presentation to be 1st feb
- The Finance Ministry has settled on February 1 as the new date for the presentation of the Union Budget.
- The Cabinet had last week approved the merger of the railway budget with the general budget and had given an in-principle nod for presenting the Budget earlier than February 28.
- The idea behind bringing forward the Budget date, according to the government, is so that ministries and state governments can begin disbursing funds from the beginning of the financial year.
- At the moment, with the Budget being presented at the end of February, several processes, including the vote on account, result in states being able to disburse funds only by late May.
- Advancing the Budget date will allow them to release funds by April.
- The decision to change the Budget date, and correspondingly the dates of the Budget session of Parliament, does not require Parliamentary approval.
- The government is also reported to be in talks with the Election Commission to make sure that the presentation of the Budget does not clash with the assembly elections in States including UP, Punjab, Uttarakhand, Goa and Manipur.
- The Cabinet had also approved the removal of the Plan and Non-Plan distinction in government accounts, something Finance Minister Arun Jaitley had proposed in his Budget speech this year.
