Current Affairs for BANK, IBPS Exams 12 July 2017

Bank Exam Current Affairs

::National::

The Supreme Court stayed the Centre’s May 26 notification, banning cattle sale in livestock markets for slaughter and religious sacrifices.
The order came after the government acquiesced that public outcry and objections from the States about the law's impact on livelihoods made it realise that the rules need “tweaking”.
Additional Solicitor- General said the government had received a “large number of representations” that “certain aspects” of the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules, 2017.
And the Prevention of Cruelty to Animals (Maintenance of Case Property Animals) Act, 2017 were “troubling” and threw up some “sensitive” questions about the Central rules.

The Ganga may be the focus of the government’s river-cleaning efforts, but a group of U.S. researchers is working on a system to map undulating pollution trends in the Godavari, India’s second longest river.
Using a mix of methods, including satellite-monitoring, traversing stretches of the river to collect water samples and using special sensors to measure bacterial and chemical pollution, the researchers are trying to develop a cost-effective forecast system.
The team’s long-term objective is to be able to inform State officials and citizens of a probable spike in, say, levels of dangerous microbes or effluents, similar to weather and air pollution forecasts.
The project started eight months ago and has so far identified two “hotspots” of pollution, which Mr. Malani declined to reveal, saying he would first inform the Andhra Pradesh government about them.
These are relayed to a website called Thoreau , a wireless sensing network maintained at the University of Chicago to map parameters, for analysis.

The sixth mass extinction of life on Earth is unfolding more quickly than feared, scientists have warned.
More than 30% of animals with a backbone — fish, birds, amphibians, reptiles and mammals — are declining in both range and population, according to the first comprehensive analysis of these trends.
Around a decade ago, experts feared that a new planetary wipeout of species was looming.
Today, most agree that it is under way — but the new study suggests that the die-out is already ratcheting up a gear. It provides much-needed data about the threat to wildlife, mapping the dwindling ranges and population of 27,600 species.
For 177 mammals, researchers combed through data covering the period 1900 to 2015. The mammal species that were monitored have lost at least a third of their original habitat, the researchers found.
Forty per cent of them — including rhinos, orangutans, gorillas and many big cats — are surviving on 20% or less of the land they once roamed. The loss of biodiversity has recently accelerated.

The Centre is concerned about the minuscule number of start-ups becoming eligible for tax benefits under the Startup India programme
With just 39 start-ups qualifying for such concessions even 18 months after the flagship initiative was introduced by Prime Minister Narendra Modi.
With the norms specifying that in order to obtain tax benefits, a start-up should be a private limited company or a limited liability partnership, few companies qualified for tax benefits in the initial period as there were not many corporate entities incorporated on or after that cut-off date.
The passage of time is mitigating this problem with several firms becoming eligible, said the official, who did not wish to be named.
The recent relaxation in norms that include doing away with the requirement of ‘letter of recommendation’ from an incubator/industry association for recognising a company as a start-up or for tax benefits will also help increase the number of start-ups that will qualify for tax benefits.

In a spirit of cooperative federalism, 5 States and a Union Territory (UT) on Tuesday formally adopted the Centre’s initiative called the Government e-Marketplace (GeM).
It aims to ensure that public procurement of goods and services in India worth more than Rs. 5 lakh crore annually is carried out through the online platform for transparency and to eliminate corruption.
The States and the UT that signed an MoU with the Centre include Andhra Pradesh, Assam, Gujarat, Telangana, Puducherry and Arunachal Pradesh.
Four more, including Uttar Pradesh, Jharkhand, Tamil Nadu and Haryana, will ink such an MoU soon. They would have done so but for some technical issues, and more states/UTs are likely to adopt the GeM later.
This follows a call made by Prime Minister Narendra Modi to all the Chief Ministers in April to ensure that priority is accorded to transparency in public procurement of goods and services.

Finance Minister Arun Jaitley said that banks should divert loans to self-help groups in order to help generate employment in the unorganised sector in the country.
He said that although India had grown over the last two-and-a-half decades, the distribution of this development has not been equitable. “In the last 2-2.5 decades, our growth has increased,” he said.
When the economy improves, in the development, some people are left behind. The number of people left behind is not small. More benefit is received in cities, businesses and [the] organised sector.
The urban slums, tribal areas, people on the margins, they do not receive much benefit.
It was keeping this in mind that self-help groups were devised 25 years ago, so that those in the unorganised sector could get loans.