Monthly Current Affairs Quiz - August, 2017

Notes:
India has been ranked 53rd among 60 countries in the 2017 Digital Evolution Index (DEI). The list is topped by Norway, followed by Sweden, Switzerland, Denmark and Finland. The Fletcher School at Tufts University, in partnership with Mastercard, presented the Digital Evolution Index (DEI) 2017. The Index is a comprehensive research that tracks the progress of the digital economy across 60 countries, taking into account more than 100 different indicators across four key drivers: supply, consumer demand, institutional environment, and innovation. It reflects the state and rate of digital evolution on the one hand, while also identifying avenues for investment, innovation and policy priorities.

Notes:
The International Olympic Committee (IOC) has recently announced that the 2024 Summer Olympics will be hosted by Paris in France, which is scheduled to be held from August 8-18. Beside this, the IOC has also announced that the 2028 Olympic Games and Paralympic Games to be hosted by Los Angeles (United States). Both the decisions will be ratified at the 131st IOC Conference in Lima, Peru on September 13, 2017. The IOC decision means that Los Angeles will become a three-time Olympic city, after hosting the 1932 and 1984 Games – and Paris, which held the Games in 1900 and 1924, will host a centenary celebration in 2024.

Notes:
Dr. Sanjaya Baru has been named as the new secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will assume the charge from September 1, 2017 and will succeed A Didar Singh.

Notes:
The Indian Army has developed a mobile application ‘Humraaz’ through which serving soldiers can track details like postings and promotions. Through the ‘Humraaz’ app, soldiers can also view their monthly salary slips and the Form 16 and also download them. For security reasons, the installation of the application has been linked to verification of Aadhaar details. The Aadhaar details will be verified with the Army database over National Information Centre (NIC) cloud and he will get a one-time-password on his registered mobile number. Thus, to enable usage of this mobile application, the latest mobile number of individuals should be linked to his Aadhaar number. The mobile app has been developed in-house by the Army and will be launched in the second week of August for prompt communication of information to junior commissioner officers and other personnels.

Notes:
The Securities and Exchange Board of India (SEBI) has recently constituted a committee on fair market conduct, which will be headed by former Lok Sabha secretary and law secretary T K Viswanathan. The panel will have representations from SEBI, mutual funds, brokers, audit firms, stock exchanges, data analytics firms and legal firms. The committee has been tasked with suggesting improvements to the existing SEBI norms, including on insider trading and Fraudulent and Unfair Trade practices (FUTP). It has been specifically asked to look at trading plans, handling of price-sensitive information during takeovers and aligning of insider-trading rules with provisions of the Companies Act. The committee has also been tasked with suggesting short-term and medium-term measures for improved surveillance of the markets, as well as issues of high-frequency trades and harnessing of technology and analytics in surveillance. The committee will submit its report within 4 months.

Notes:
Peter O’Neill has been re-elected as the new Prime Minister of Papua New Guinea (PNG) for a second five-year term with a healthy majority, 60 to 46 by a newly elected parliament. He is the leader of the People’s National Congress and represents the constituency of Ialibu-Pangia.

Notes:
The Union Government has launched the 2nd AGRI-UDAAN programme in New Delhi on August 4, 2017 to promote innovation and entrepreneurship in agriculture. It will mentor startups and help them connect with potential investors. The program focuses on catalyzing scale-up stage food and agribusiness startups through rigorous mentoring, industry networking and investor pitching. The 6 month program is a unique platform for scale up stage innovators, entrepreneurs and startups in the Food and Agribusiness sectors. The applications will be available at www.aidea.naarm.org.in. Top 40 startups will be shortlisted and allowed to pitch in front of panel of evaluators during cohort finalization programme. Out of these about 8 to 12 startups will be selected for final cohort for capacity building workshop. The AGRI UDAAN has organised by NAARM, a-IDEA and IIM-A, CIIE in partnership with Caspian Inpact Investment and supported by DST.

Notes:
The 8th edition of Global Entrepreneurship Summit (GES)-2017 will be hosted by India and is scheduled to be held on November 28, 2017. The NITI Aayog in association with the Ministry of External Affairs and the Andhra Pradesh government have been assigned with organising the event. The GES brings together investors and entrepreneurs from around the world to create new opportunities for collaboration. The summit will promote economic growth, inclusion and opportunities among entrepreneurs from across the world, with a special focus on emerging nations from Africa and Asia. The summit was started in 2010 under the leadership of then US President Barack Obama at Washington DC to bring entrepreneurs from across the globe on one platform.

Notes:
Narendra Singh Tomar, the Ministry of Drinking Water and Sanitation, has recently launched a Swachh Survekshan (Gramin)-2017 in New Delhi to encourage states and districts to improve their sanitation coverage and Solid Liquid Waste Management (SLWM). Under the Swachh Survekshan Gramin, all districts of the country will be ranked on the basis of performance, sustainability and transparency. So far, 4,600 villages and 1.4 lakh households have been covered under Swachh Sarvekshan (Gramin) Survey. The Union Rural Development Minister Narendra Singh Tomar has stated that toilet usage have increased to 91% in the country whereas overall toilet coverage in rural India has reached to 66%.

Notes:
In order to promote cruise tourism in India, a special event ‘The dawn of cruise tourism in India’ has inaugurated in Mumbai, Maharashtra on August 8, 2017. This initiative has a potential revenue gains to all stakeholders of close to Rs. 35000 crore. The promotion of cruise tourism is expected to create over 2, 50,000 jobs. With this new initiative, number of cruise ships visiting India could go up from 158 per year to 955 per year.