Daily Current Affairs 4th October 2017

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Daily Current Affairs 4th October 2017

1.    Turtle Sanctuary to be set up in Allahabad
In order to protect the rich aquatic biodiversity of river Ganga from escalating anthropogenic pressures, development of a Turtle sanctuary in Allahabad along with a River Biodiversity Park at Sangam have been approved under Namami Gange programme.

The project at an estimated cost of Rs 1.34 crore would include development of River Biodiversity Park at Sangam (confluence of Ganga, Yamuna and mythical Sarasvati), establishment of a Turtle Rearing Centre (Permanent nursery at Triveni Pushp and makeshift annual hatcheries) and awareness about the importance of river Ganga and imperativeness of its conservation has been approved.
2.    ‘Paryatan Parv’ to be Organized Nationwide from 5th to 25thOctober, 2017
The Ministry of Tourism, Government of India in collaboration with other Central Ministries, State Governments and Stakeholders is organizing a “Paryatan Parv” across the country from the 5th to 25th October 2017. Addressing media persons at a Press Conference here today, he said that programme is being organized with the objective of drawing focus on the benefits of tourism, showcasing the cultural diversity of the country and reinforcing the principle of “Tourism for All”.
The Minister informed the media persons that the Paryatan Parv will have three main components:
•                     Dekho Apna Desh  :  To encourage Indians to visit their own country.
This will include Video, Photograph and Blog Competitions of sites visited during the Event, Stories of India through Travelers’ Eyes, on Social Media, Tourism related Quiz, Essay, Debate and Painting Competitions for Students, Television Campaigns to promote travel to J&K and N.E. States.
•                     Tourism for All  :  Tourism Events at sites across all States in the country.
The activities at these sites will include illumination in and around the Sites, Cultural Programmes of Dance, Music, Theatre, Story Telling, Sensitisation Programmes for Stakeholders around the Sites, Tourism Exhibitions, Showcasing Culture, Cuisine and Handicrafts / Handlooms, Guided Heritage Walks, etc. These will be “People’s Events” with large scale public participation.
•                     Tourism & Governance :Interactive Sessions & Workshops with Stakeholders on varied themes:
Skill Development in Tourism Sector
Innovation in Tourism              
For inducting Ex-servicemen as service providers for Taxi Operation
Developing Rural Tourism in locations near established Destinations
Community Sensitisation Workshops on Homestay and B&B Opportunities

3.    Cabinet approves renaming of Kandla Port as Deendayal Port
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the renaming of Kandla Port as Deendayal Port.
     Ports in India are generally named after the city or town in which these are situated.  However, the Government, in special cases, after due consideration, have renamed the Ports after great leaders in the past. By renaming Kandla Port as "Deendayal Port, Kandla", a grateful nation would be remembering the invaluable contributions made by one of the greatest sons of India, Pandit Deendayal Upadhyay. This will inspire the People of Gujarat, particularly the Youth, who may not be fully aware of the contributions made by the great leader.

4.    Cabinet apprised of the MoU between India and Switzerland on Technical Cooperation in Rail Sector
The Union Cabinet chaired by the Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding between Ministry of Railways, Government of India and the Federal Department of the Environment, Transport, Energy and Communications of Swiss Confederation on Technical Cooperation in Rail Sector.  The MoU was signed on on 31stAugust, 2017.
The   MoU   will   enable technical cooperation in the following areas:-
a. Traction Rolling stock               
b. EMU and train sets
c. Traction Propulsion Equipments
d. Freight and Passenger Cars
e. Tilting Trains             
f. Railway Electrification Equipments
g. Train scheduling and operation improvement      
h. Railway Station modernization                          
i. Multimodal transport                                            
j. Tunneling technology     

5.    RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.
The Government has taken note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.
Following is the text of statement issued by Ministry of Finance in response to RBI unveiling its fourth bi-monthly monetary policy statement today. It has been noted that this decision has been made by the MPC in light of the underlying analysis which implies: (i) a downward revision of the real GVA growth forecast for 2017-18 from 7.3 percent to 6.7 percent, which leads to a widening of the output gap; and (ii) a marginally upward revision of the CPI inflation forecast for the second half of the year meaning an average inflation for the year 2017-18 as a whole of less than 4 percent.

6.    Cabinet approves MoU on Upgradation of the Women’s Police Training Centre at Yamethin, Myanmar
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) between India and Myanmar on upgradation of the Women’s Police Training Centre at Yamethin, Myanmar. The MoU was signed on 6th September, 2017.
The MoU covers upgradation of the Yamethin Women’s Police Training Centre to further augment the capabilities of the Myanmar Government to build capacities of its police force with technical and financial assistance from Government of India.

7.    Cabinet approves the Extradition Treaty between India and Lithuania
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for the signing and ratification of the Extradition Treaty between India and Lithuania.
The Treaty would provide a legal framework for seeking extradition of terrorists, economic offenders and other criminals from and to Lithuania.
The Treaty would help in extradition of fugitive criminals including terrorists for criminal prosecutions from Lithuania who may have committed crimes against India. It will bring the criminals to justice, with a view to ensure peace and tranquility to public at large.

8.    Rajnish Kumar replaces Arundhati Bhattacharya as SBI Chairman
The government has named Rajnish Kumar as the new Chairman of State Bank of India (SBI) for a period of three years as Arundhati Bhattacharya's term comes to an end on October 6. Rajnish Kumar currently holds the post of Managing Director of SBI. Notably, Kumar joined SBI as a probationary officer in 1980 and has worked in various departments.

9.    Former Intel CEO Paul Otellini passes away at 66
Paul Otellini, the former Chief Executive Officer of Intel, passed away at the age of 66 on Monday, the chipmaker said in a statement. Otellini, who passed away in his sleep, served as Intel's fifth CEO and held the position for eight years. Before becoming Intel's CEO, Otellini held various positions in the organisation including that of Chief Operating Officer.

10.    Maharashtra tops list of complaints of traders overcharging customers post-GST
Maharashtra reported the most complaints of traders overcharging for packaged foods such as biscuits, chocolates and beverages after the goods and services tax (GST) regime kicked in on July 1, consumer affairs ministry data shows. The BJP-ruled state received 143 complaints between July 1 and September 30 followed by Odisha with 123, the ministry data. There were 42 such complaints in the country’s most populous state Uttar Pradesh while in seven states – Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Meghalaya, Sikkim, Tripura and Rajasthan – consumers seemed to have no grouse against traders. In total, 717 complaints were received by the legal meteorology departments of various states and union territories.

11.    Bangladesh signs $4.5 bn loan deal with India
Bangladesh signed USD 4.5 billion third line of credit (LoC) agreement with India for its infrastructure and social sector development. The agreement was signed in the presence of finance minister Arun Jaitley and his Bangladeshi counterpart A M A Muhith after the two leaders held talks in Dhaka.
Economic Relations Division secretary Kazi Shofiqul Azam signed the deal on behalf of Bangladesh, while Managing Director of the Export-Import Bank of India (Exim) David Rasquinha signed for India. The new Indian line of credit, worth a staggering USD 4.5 billion, will be used to fund 17 major projects in Bangladesh, which include electricity, railroads, roads, shipping and ports.

12.    The Nobel Prize in Chemistry 2017
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2017 to Jacques Dubochet University of Lausanne, Switzerland Joachim Frank
Columbia University, New York, USA And Richard Henderson. MRC Laboratory of Molecular Biology, Cambridge, UK The Nobel Prize in Chemistry 2017 is awarded to Jacques Dubochet, Joachim Frank and Richard Henderson for the development of cryo-electron microscopy, which both simplifies and improves the imaging of biomolecules. This method has moved biochemistry into a new era.