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Jun 8, 2017

[CA] News - June 08, 2017

Around INDIA
# Election Commission said that, the Presidential Election (if necessary) will be held on July 17, 2017
- The President of India is elected by an electoral college comprising elected members of Rajya Sabha, Lok Sabha and State Legislative Assemblies. It also includes assemblies of Delhi and Puducherry
- As of 2017, the electoral college is made up of 4896 legislators, out of which 776 are MPs and 4120 are MLAs
- All the MPs will have an equal vote value of 708 while vote value of the MLAs depends on the population of the State
- The total strength of 2017 Electoral college is 1104546 votes
- In order to win the election, it is necessary to reach the halfway mark of 549442 votes; presently BJP is standing at about 5.38 lakh votes
# Union Health Ministry inaugurated the ‘Vatsalya – Maatri Amrit Kosh’, a National Human Milk Bank and Lactation Counselling Centre at the Lady Hardinge Medical College (LHMC), Delhi
# Union Government to appoint Nyaya Mitras across the country to speed up the hearing of the cases that have been pending in the lower courts for the last 10 years
# Prime Minister, Mr. Narendra Modi has asked secretaries to consult Indian envoys across the world to seek their views on was to boost tourism sector
# The University Grants Commission and All India Council of Technical Education are soon going to be a thing of the past with the government planning to replace them with a single higher education regulator.
# Union Cabinet has approved the proposed Memorandum of Understanding (MoU) between Export-Import Bank of India (EXIM Bank) and Export-Import Bank of Korea (KEXIM) for export credit of USD 9 billion for infrastructural development in India and for the supply of goods and services as part of projects in third countries.
# Union Cabinet has given its ex-post facto approval to the Agreement between India and Cyprus on Merchant Shipping, which was signed in April 2017.
# Union Cabinet has approved the Bilateral Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Securities and Exchange Organization (SEO), Iran in relation to mutual cooperation on matters pertaining to securities markets.
# Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) between Bureau of Indian Standards (BIS), India and Direction Nationale De Industries (MLINDI), Republic of Mali on Standardization and Conformity Assessment.
# Union Cabinet has given its approval for signing and subsequent ratification of the Agreement on Transfer of sentenced persons between Indi and Somalia.
# Union Cabinet has given its approval to the Securities and Exchange Board of India (SEBI) for entering into a Memorandum of Understanding (MoU) with European Securities and Markets Authority (ESMA) in relation to Mutual Co-operation.
STATES SCAN
# Madhya Pradesh: Union Home Minister, Mr. Rajnath Singh asked the state government to crack down on instigators
# Odisha: Mr. Sam Pitroda quit as technical adviser to the government; the opposition BJP had been demanding his removal
# Telangana: becomes the first state to launch single-women pension scheme
BILATERAL ISSUES
# World’s first ‘aeroboat’ (capable of travelling on land, water, snow and sand) made by Indo-Russian JV unveiled in Moscow
# Prime Minister, Mr. Narendra Modi will travel to Astana, Kazakhstan for two days on 8-9 June for the Summit meeting of the Shanghai Cooperation Organization (SCO)
- India will become a full Member of the SCO
# India signed an agreement to provide fresh assistance of USD 318 million line of credit to Sri Lanka for the development of the railway sector in the country
# Iran has signed a basic agreement with Russian energy giant Gazprom for development of Farzad B gas field, discovered by a consortium of Indian state-run companies, in an apparent retaliation against India's bid to pressure Tehran for a formal deal by cutting purchase of Iranian oil.
WORLD
# China: is planning a manned mission to the Moon
# Iran: 12 killed in twin attacks
# Myanmar: military plane with 100 people crashed in Andaman Sea
# UK: General Election today; Each of the 650 parliamentary constituencies will elect one Member of Parliament (MP) to the House of Commons, the lower house of Parliament; Conservative Party (Ms. Theresa May) Vs Labour Party (Mr. Jerem Corbyn)
# World Health Organisation (WHO) has divided the drugs into three categories (i) access (ii) watch and (iii) reserve specifying which are to be used for common ailments and which are to be kept for complicated diseases
- This is the biggest revision of the antibiotics section in the 40 - year history of the essential medicines list (EML)
- Commonly used antibiotics will be available under "access" category
- Slightly more potent antibiotics will be available under "watch" category
- Potent drugs that to be used only as a last resort will be available under "reserve" category
ECONOMICS
# RBI kept the policy repo rate unchanged at 6.25%
# India will remain among the top three investment destinations globally till 2019: UNCTAD (United Nations Conference on Trade and Development)
SPORTS
# French Open 2017: India’s Rohan Bopanna enters final of Mixed Doubles with partner Gabriela Dabrowski (Canada)
# National Games in Goa will be postponed further with Chief Minister, Mr. Manohar Parrikar saying that the infrastructure required for hosting the event can be constructed only next year. The games, which were scheduled to be held in Sep 2016, were postponed to Nov 2017
MISC
# Sachin Tendulkar will be joining the likes of Novak Djokovic, Lewis Hamilton and David Beckham for a United Nations campaign / initiative titled "Super Dads"

# Scientists have recently discovered a new species of flying squirrel named Glaucomys Oregonensis in North America that had been hiding in plain sight for over 100 years

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